Price of Gas II

[NationalTitles18]

View attachment 47089

Thanks, Joe Biden!

 

[Bazza]

Thanks, Joe Biden!

Maybe he'll get it back down to when he took office.....($2.42)! 🤷‍♂️

 

[Bodhisattva]

Don't gas prices usually come down in the Fall, after the Summer driving season?

 

[CrimsonJazz]

Don't gas prices usually come down in the Fall, after the Summer driving season?

Pretty much every year. Look for an upward shift in December when holiday travel picks up.

 

[NationalTitles18]

Maybe he'll get it back down to when he took office.....($2.42)! 🤷‍♂️

Maybe oil will go into negative territory again and unemployment will be 15% too.

 

[CajunCrimson]

I would guess it will go below $2 by this time next year.

 

[dtgreg]

Maybe oil will go into negative territory again and unemployment will be 15% too.

There will be plenty of jobs in chicken processing plants soon! Also fruit and vegetable picking.

 

[Bamaro]

So, we have learned that gas prices rise and fall with little input from the feds.

 

[NationalTitles18]

So, we have learned that gas prices rise and fall with little input from the feds.

but that it's also the president or the president elect that makes it change. /s

 

[Bamaro]

but that it's also the president or the president elect that makes it change. /s

Maybe some because of the commodities/futures market

 

[crimsonaudio]

So, we have learned that gas prices rise and fall with little input from the feds.

It's obviously a bit of both.

 

[NationalTitles18]

Maybe some because of the commodities/futures market

Oh, they can definitely have an influence. Trump screwed up the covid response so badly that oil went negative, yet I still paid for gas at the pump instead of getting paid to take it. js

 

[Bamaro]

Oh, they can definitely have an influence. Trump screwed up the covid response so badly that oil went negative, yet I still paid for gas at the pump instead of getting paid to take it. js

Well, we'll never see a dope like trump again as president.

 

[CrimsonJazz]

OPEC+ Frets Over U.S. Oil Output Growth Under President Trump | OilPrice.com

Trump’s potential deregulation of the U.S. energy sector could boost American oil production, challenging OPEC+’s market dominance and global oil prices.

oilprice.com

The OPEC+ group is wary that coming deregulation in the U.S. energy sector could boost U.S. oil production higher than forecast under incoming President Donald Trump, OPEC+ delegates have told Reuters.

More U.S. oil supply could further erode OPEC+’s market share and weigh down on oil prices, which the OPEC cartel and its allies are desperately trying to support with production cuts.

Although the U.S. industry has signaled no major wave of supply surge is coming, Trump’s friendly policies toward the sector could boost production to higher levels than expected previously.

Team Trump is preparing to make sweeping changes to the U.S. energy sector on day one. Boosting U.S. oil and gas drilling and accelerating permits for domestic energy infrastructure and LNG exports are expected to be top priorities for the new administration.

U.S. crude oil production continues to rise and will rise in 2025 over 2024, too, all forecasters and analysts say.

But “drill, baby, drill” is unlikely under Trump—a comment coming from none other than ExxonMobil.

Yet, the incoming administration could sway the global oil market balances and with this, the OPEC+ production policy going forward.

For example, tightening the screws on Iran and Venezuela with stricter enforcement of the U.S. sanctions could reduce supply from these countries. This could open the door for Saudi Arabia and the other OPEC+ producers to justify an increase in their supply.

 

[Bazza]

$2.89/gal. today for regular unleaded at the local BP.......

 

[crimsonaudio]

$2.69/gal at the local Exxon and Shell stations. Saw $2.49 the other day in Oakland, TN.

 

[selmaborntidefan]

Five days into Trump's term - since for some reason this whole thing matters - it was $2.59/gallon across the street from me. Today it is $2.89, so an 11% increase since Trump raised gas prices.

I'm just kidding, of course, but we all know if gas had gone DOWN 11%, his "defend the man at all costs" base would insist TRUMP did it. Since they went up, well of course, Biden is to blame.

The Trump half of my Facebook that boasts of his $1.75 gallon gas in April 2020 never boast of the unemployment rate (14.7%) that month or the number of Covid deaths.

 

[4Q Basket Case]

Five days into Trump's term - since for some reason this whole thing matters - it was $2.59/gallon across the street from me. Today it is $2.89, so an 11% increase since Trump raised gas prices.

I'm just kidding, of course, but we all know if gas had gone DOWN 11%, his "defend the man at all costs" base would insist TRUMP did it. Since they went up, well of course, Biden is to blame.

The Trump half of my Facebook that boasts of his $1.75 gallon gas in April 2020 never boast of the unemployment rate (14.7%) that month or the number of Covid deaths.

And that sort of garbage is why I'm not, never have been, and never will be on Facebook.

 

[mdb-tpet]

And that sort of garbage is why I'm not, never have been, and never will be on Facebook.

Facebook is designed for angry, unresolvable, continuous keyboard conflict. Why anyone would want that, is beyond me. It wasn't always that way, but now with the engagement algorithms coupled with the lack of moderators and sea of trolls seals the deal for me.

 

[4Q Basket Case]

Facebook is designed for angry, unresolvable, continuous keyboard conflict. Why anyone would want that, is beyond me. It wasn't always that way, but now with the engagement algorithms coupled with the lack of moderators and sea of trolls seals the deal for me.

You're probably aware of this, but the Netflix movie, "The Social Dilemma," addresses why the algorithms do what they do. It's a docu-drama with aspects of a documentary, agumented with some fictional drama storylines.

The algorithms aren't a function of the political biases of Facebook management. They're about reinforcing their users' pre-existing biases in order to keep them more engaged for longer periods of time....which drives ad revenue and therefore Facebook profit.

If Facebook could make more money by presenting content that goes contrary to its users' biases, it would do that. But it makes more money by presenting content that reinforces users' biases -- so it does that.

The Social Dilemma is highly instructive and really, really chilling. For anyone who hasn't seen it, it's well worth an hour and a half of your time. I just checked, and as of this writing, it's still available on Netflix.