andesbill

Me too, but the extra cost of ev’s more than offsets the increased price of gas. Even if you have solar panels as I do. But I do love driving it.

alexol

Sadly, you seem to be blinded by a political viewpoint, which obscures some economical realities. You are definitely not alone; it's the same for both Ds & Rs, with both sides following whatever their news source tells them. We need a bit more critical thinking and a lot less talking heads on the evening opinion channels which like to pass themselves off as journalists conveying news.

The price of oil is influenced but absolutely NOT controlled by US politics and certainly not by a mere President, of either party. Of course, they are politicians, so they claim credit for everything perceived as good, place blame for the opposite, regardless of cause.

We don't have a limited supply. We currently have somewhere around 5,000 drilled but unfinished wells in the US that are not being produced as they are not economically viable.

TriX Loc: Raleigh, NC

Well, it is laize faire capitalism carried to it’s limit. But the fact is that the supply is just fine. The US is on schedule to continue producing more oil this year as it has every recent year except 2021 when demand was tempered by Covid, and we are predicted to be a net exporter again in 2022. The demand is certainly there, but it takes awhile for the American consumer to wean themselves from 6,000 lb SUVs and move to fuel efficient EVs and hybrids, and that doesn’t happen overnight. In the meantime, oil and gas companies, and their shareholders can see the writing on the wall and use any excuse to raise prices, and unlike a very dynamic demand curve, the consumer can’t simply quickly drop his demand to cause the price to drop. This is where pure capitalism doesn’t work in real time - when all the major producers work in lock step to keep prices high. The fact is that the oil companies are showing record profits and rewarding their management with million dollar packages while the consumer pays the price.

BTW, I don’t have ANY stock of any kind anymore - been there and done that big time - not a game I wish to indulge in anymore. My retirement is funded by income producing rental properties, and I sleep very well at night knowing the my property is an actual real tangible asset whose value isn’t driven by mass fear and greed, quarterly results and 25 year old analysts.

Dannj

I’d think we can say that about most of our presidents.

TriX Loc: Raleigh, NC

Well here we go to the attic, but what actual evidence can you present to link a limited supply (it isn’t) to the Democratic Party? There is no limited supply. The US will be a net oil exporter in 2022. And if you’re going to trot out the cancelled Keystone XL pipeline expansion as a reason, you might want to check your facts.

whatdat Loc: Del Valle, Tx.

I agree. The administration does not seem to have this view as a step from gas only powered cars to electric only powered cars. Hybrids seem to me to be a very important step as hybrids are considerably less expensive, give you longer range for trips other then just local, cost less to replace batteries, & don’t need to have infrastructure in place that we are a long way from achieving quickly (not to mention the time required to re-charge & reliable expectation of having access to one anywhere & any time). We are not there yet & won’t be for many years. Hybrids seem to me to be an alternative worthy of more attention than is being given by those in power currently.

fetzler Loc: North West PA

CA is not going to hell. It has arrived.

BusterCrabbe Loc: Montreal

Thanks TriX...beat me to it ;-)

byjoe Loc: Stillwater, OK

Another reason I bought an e-bike for local errands

agillot

If you fill your car once a week , that come to around $ 15 more .So ???????

Toby

I agree and believe in supply and demand setting prices. That is what capitalism is all about. What I don't like, however is the "it looks like there is going to be a supply problem so I DEMAND you raise prices before the supply problem hits so we can get a jump on it and sell todays gas at tomorrows supply problem prices.

chrissybabe Loc: New Zealand

The rest of the world only pays 2x to 3x US prices because their respective governments tax the hell out of it.

rmalarz Loc: Tempe, Arizona

--Bob

hj Loc: Florida

A bit off the point of your post, but thought this is funny. A Tesla service van getting a gas fillup! Why do they manufacture electric vehicles and use gas in their own service vehicles?.

(Download)

Mustanger Loc: Grants Pass, Oregon USA

$4.73 for Chevron Regular here in Southern Oregon...We drive my wife's Mazda3 exclusively now up to 46-49 mpg on trips....have gotten a 56.8mpg best sevral time. LOL...drove it 3800 miles last year!