This is not good for working class Americans, not good at all. With gas prices already jumping, oil futures have now eclipsed a 15-year high and the outlook does not look good.
(MSM) – […] West Texas Intermediate crude futures, the U.S. oil benchmark, traded 8% higher to above $125 a barrel, the highest since July 2008. At one point the price rose to $130.50 Sunday evening before retreating.
The international benchmark, Brent crude, traded 9% higher to $128.60, also the highest price seen since 2008. Brent hit a high of $139.13 at one point overnight.
“Oil is rising on the prospect for a full embargo of Russian oil and products,” said John Kilduff of Again Capital. “Already high gasoline prices are going to keep going up in a jarring fashion. Prices in some states will be pushing $5 pretty quickly.” (read more)
What was the last gas price in your neighborhood?
Yes, a president can and does control the price of gasoline. What can a U.S. President and administration specifically do? We have abundant U.S. energy resources. Quite literally the strongest in the entire world.
- Permit the use of preexisting approved leases in ANWAR (Alaska) to put more volume into the Alaskan oil pipeline that is severely underutilized.
- Finish the Dakota access pipeline.
- Re-approve the preexisting energy leases in New Mexico, Arizona, NE Atlantic and Gulf of Mexico.
- Retract the stoppage of the Keystone pipeline to permit efficient oil transport shipments from Canada.
- Stop blocking the expansion of coastal oil refineries in Texas, Louisiana and Alabama (regulatory issue), as well as Northwest, Northeast and Southeast Seaboard.
- Continue to develop natural gas as a clean burning fuel.
- Drive Liquefied Natural Gas (LNG) as an export.
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Unfortunately, this would mean reversing the entire energy policy of the current administration. The existing energy inflation and high prices of oil, natural gas and gasoline are a direct and intentional part of Joe Biden’s policy. That policy is driven by the leftist demand for a “green new deal.”
None of the actions above require any approval from OPEC. Strategically, the ‘all of the above’ approach enhances U.S. national security and diminishes the influence of Russia, China and Iran. Within six months of the above, gasoline will plummet.
“If we ban Russian oil, we need to do it in a way that doesn't dramatically increase prices for American consumers. If the price of a barrel of oil goes to $150…you and I can afford that, but there are a lot of low income consumers who would be hurt.” pic.twitter.com/pQox571V65
— Chris Murphy 🟧 (@ChrisMurphyCT) March 6, 2022
DRILL BABY, DRILL!
The solution has been reached.
Then we will need to worry about electricity prices and brownouts.
$4.19 per gallon, regular BP, St Petersburg, Fl
$3.90/gallon for regular in Baton Rouge
Thanks, Xoe Beijing !
Central NC: reg-3.99, mid-4.39, preium-4.79.
Goes up by the hour.
Thanks for the upcoming recession (depression?) Democrats!
southern middle Tennessee $3.99/gal
Central NH – $3.95 for low grade but that was this morning. Still at work so who knows what it’ll be when I get home.
You will know it’s really bad when they need to paste a 1 on the left side of the gasoline fuel price signs.
Great recent update from Chris M. below on the subject.
$3.94/gal in Prescott, AZ at the cheepest place. $4.33 at a shell station. Both regular. Price jump 50 cents in the last week.
Well, I went to town today (12 miles). Gas in the village was up again, but not as dramatically as some. $3.89 a gallon, up about $0.20 from last week. Since I filled up coming back from the last trip to town I passed it up. Wouldn’t have taken but a gallon, if that.
Hate to give them any credit for being overly strategic, but allowing fuel prices to rise dramatically this week may help lower participation in the DC Convoy. Harder to pay for fuel to slow roll the capitol for long.
3.99gal this morning in Jacksonville, Fl.
4.19gal this afternoon at same station…
$3.99 per gallon, regular, Estero (S. FT. Myers), FL. 7-11.
That policy is driven by the leftist demand for a “green new deal.”
That policy is driven by the leftist desire to destroy the USA.
The “green new deal” is just a smoke screen, a diversion from the real intent.
Everything is going to plan and there is no realistic way that they can be stopped.
It’s time for States to start making a serious effort to break away in order to save themselves,
start issuing their own currencies.
The Texas Nationalist Movement is working towards that objective in Texas.
texitnow [DOT] org
tnm [DOT] me
PLEASE join and support. We cannot save the entire nation, but perhaps we can save parts of it.
On February 23rd, I got gas at my local Costco for $3.29/gal for regular. On March 6th, it had jumped .40 to $3.69/gallon. This is in Utah near Salt Lake City. For all I know, it has gone up again today. I fill up every Sunday whether I need it or not. Thanks, Joe. I don’t go anywhere now unless I have to. I actually feel lucky that I can still afford it to some degree. If it goes up to $7.00/gallon, I will become a hermit.
87 octane jumped $.20 overnight to $4.20 this morning at Race Trac in Venice, FL.