In my hometown on Jan.20th gasoline was 2.29 a gallon. Today less than 2 months later it's 2.85 a gallon. I knew on Jan 20th that the price was going to start going up, I didn't think it would be this much. My prediction is on June 21th, gasoline will be 3.69 a gallon. For the 81 million Americans that wanted this. Enjoy.
Prediction. What will the price of gasoline be on the 1st day of summer (June 21)?
- Thread starter TopCatCal
- Start date
Please tell me that you don’t really believe that the POTUS controls the price per gallon at your local gas station.
Minus the dead people, illegitimate absentee ballots etc it was more like 57 million but hey what the oligarchs want the oligarchs get, even presidential elections.
$3.89
When the POTUS restricts any new permits on federal or public land, kills the Keystone pipeline and has repeatedly stated that he will ban fracking then it takes the power to control crude prices out of America's hands and places it mainly with OPEC. Since the election crude prices have steadily been on the rise (so don't blame a winter storm). That's how POTUS can and has impacted gas prices.
Just couldn't ***** about Biden in the political thread? At least we know your thoughts on gasoline now.
This will be a good thread to judge posters stupidity.
I work in the oil business. There has been a huge drop in demand which made a lot of folks shut down their wells. Now that demand is ticking back up, it's going to take time for supply to adjust. That said, Biden has flat out said he wants to cut down on fossil fuels, so his administration is going to make it harder (e.g., more costly, less access to land, slower approvals) to start new wells. The market knows this. Biden will cause you to pay more for gas. Now, if the alternate means for transportation (i.e., electric) really catch on, you may not notice or care.
They don't control the pump price, but they set policy the entire industry operates in.
My guess is $3.50-ish per gallon.
Oh joy, is Daddy Biden gonna buy me an all new electric truck?
Well, suppose Big Daddy Elon makes electric trucks so cheap and effective that you don't have to buy gas anymore. At the end of the day, none of us want gas. We just want to make the damn truck go. I'll gladly switch to electric if it's as good and less expensive as gasoline.
Let’s all collectively hope that we get a repeat of when President Obama waved his presidential magic wand back in June 2016 and got gas prices at $2.47/gal. And let’s hope we don’t get a repeat of June 2018 when the dude with the goofy hairdo commanded that gas be $2.97/gal.
Definitely above $3/gallon. As a poster above said, demand fell way down so rigs were shut down last year. It's not as easy as throwing a switch to get them back online so, now that demand is picking up, the lack of ample supply is causing prices to rise. Certainly, shutting down the XL Pipeline and the various statements about ridding the US of fossil fuels is also causing prices to rise but, for now, it's a much smaller impact than supply/demand.
I think it's bad policy to artificially inflate gas/oil prices (taxes, restrictions on supply, etc.) if there isn't a viable, cost-effective alternative that most Americans can afford. The oil from the XL Pipeline will still come to America, just via rail rather than the pipeline, which one could argue presents just as much potential environmental impact. Plus, it costs more and pisses off our trading partner in Canada. Not sure what was accomplished by that executive order.
EVs are most likely the wave of the future. Unfortunately, they are too expensive for most Americans and the infrastructure for most Americans to drive all-electric cars over the vast road system in America is not ready. Let's not forget that a rise in gas/oil prices mean higher travel costs, higher shipping costs, higher heating costs, higher fertilization costs, higher plastic costs - i.e., a lot of other goods and services also increase in cost due to higher gas/oil prices. It's not just cars that use oil and gas. Economically, a rise in gas prices (which could fuel a general rise in prices) hurts the lowest income earners more than the highest. Is that the policy this administration is really wanting to pursue so avidly?
I think it's bad policy to artificially inflate gas/oil prices (taxes, restrictions on supply, etc.) if there isn't a viable, cost-effective alternative that most Americans can afford. The oil from the XL Pipeline will still come to America, just via rail rather than the pipeline, which one could argue presents just as much potential environmental impact. Plus, it costs more and pisses off our trading partner in Canada. Not sure what was accomplished by that executive order.
EVs are most likely the wave of the future. Unfortunately, they are too expensive for most Americans and the infrastructure for most Americans to drive all-electric cars over the vast road system in America is not ready. Let's not forget that a rise in gas/oil prices mean higher travel costs, higher shipping costs, higher heating costs, higher fertilization costs, higher plastic costs - i.e., a lot of other goods and services also increase in cost due to higher gas/oil prices. It's not just cars that use oil and gas. Economically, a rise in gas prices (which could fuel a general rise in prices) hurts the lowest income earners more than the highest. Is that the policy this administration is really wanting to pursue so avidly?
I got to see a Tesla in action a few months ago. Let me just say this, the day they figure out how to swap out batteries at a gas station or C-store in the same amount of time it takes to fill up with gas, and for around the same cost, that will be the end of the gasoline powered vehicle.
Those Teslas are cool as hell.
Saudi Arabia drove it negative due to the price war with Russia.....and price we’ll on it’s way down prior to Trump. Now, he absolutely did well keeping it low while he was in office......he deserves a lot of credit but let’s make sure the credit is well placed.
No... back in April oil went to NEGATIVE $37 per barrel. Meaning they were paying you to take oil of their hands. It happened during Trump's time in office, so based on how everybody views presidents and the price of gas, he was responsible for the lowest price of oil in the history of earth.
He’s also responsible for making us energy independent...which you would think is something all Americans would be happy about.
That’s wonderful. I feel like we’re a ways off from that.
From what I understand, Elon’s cars are electric pieces of junk.
The only electric I’d buy is a Toyota hybrid.
I don't know enough about them... I am hearing reports that they start falling apart earlier than expected.
Ahh. Lol. I get you now. “Based on everybody’s views (pertaining to the POTUS) on the price of gas....”. Good one.
Yep, and doesn’t sound like they’re easily fixed.
You used to see Tesla’s on the road, still do occasionally. But I don’t see them nearly as often. They are reasonably priced....pieces of crap.
You used to see Tesla’s on the road, still do occasionally. But I don’t see them nearly as often. They are reasonably priced....pieces of crap.
With Trump the low price I paid was $1.68
With Joe “Where am I” Biden it will keep going up until you will be forced to buy an electric car or his son Hunter become Energy Secretary or both
With Joe “Where am I” Biden it will keep going up until you will be forced to buy an electric car or his son Hunter become Energy Secretary or both
Please don't tell me that you don't realize that executive orders signed by said POTUS could drive up gas prices? Like stopping the pipeline?
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When I was working I filled up at least twice a week, because I had a big county to cover in a regulatory role. Now that I'm retired I don't have to go anywhere, so Bribeden, his son, Vice President Giggles, The Squad, China & $3.99 June 21st gas, can all kiss my ***.