Zero Hedge published a good article yesterday with some solid internal data showing a strong likelihood that national gasoline prices are likely to rise another 40% from current levels by mid-late summer. That would put the national average for a gallon of gasoline around $6.20 by August.
The data behind the prediction is solid and essentially boils down to the U.S. refineries not having the expanded capacity needed to keep up with an increased summer demand, particularly as they need to keep generating high volumes of diesel fuel due to current critical shortages.
The issues are created by the Biden administration and the regulatory stranglehold they put on the oil and gas industry last year. Obviously, all of this is a feature of the administration plan, not a flaw. The Green New Deal agenda necessarily requires that gasoline rise in price to $7/gal this year in order to force the change in profit dynamic for alternative fueled transportation.
Unfortunately, we the consumers will be the ones punished as the progressive, communist and far-left policy makers chase their climate change agenda. Cheap and cost-effective energy has to be made ‘not cheap’ and ‘not cost-effective’ in order to create the energy crisis their agenda requires.
Massive increases in gasoline prices are a feature, not a flaw.
Remember, Biden is disposable. The people behind Biden purposefully selected him in order to generate a kamikaze ‘fundamental change’ mission within a single 4-year presidential term. Getting crushed on the political outcomes is irrelevant, they just need to push the agenda fast enough, far enough, and destructive enough, so that all energy policies become irreversible.
The people behind the Biden administration energy program are trying to make the infrastructure needed to return to cheap and abundant energy independence, cost prohibitive.
(Via Zero Hedge) – […] According to JPM, a major driver in these counter-seasonal draws in gasoline is higher-than-normal exports. Preliminary EIA data suggest that gasoline exports, mostly to Mexico and the rest of Latin America, are averaging about 0.9 mbd since March, about 100 kbd above seasonal norms and nearly 300 kbd above summer rates.
The punchline: if exports persist at this elevated pace and refinery runs, already near the top of the range for reasonable utilization rates, fall within JPM’s expectations, gasoline inventories could continue to draw to levels well below 2008 lows and retail gasoline prices could climb to $6/gal or even higher, according to JPMorgan.
Some more details from the JPM forecast, starting with assumptions:
♦ The bank expects US refinery runs to peak at 16.8 mbd in August, which, with an average gasoline yield of 49%, means that US refiners will produce about 8.2 mbd of gasoline. Assuming gasoline imports of 0.7 mbd and 10% ethanol blending, the bank expects total finished motor gasoline supply to average 9.9 mbd. If exports continue just below current levels—about 0.8 mbd—that leaves the US with just 9.1 mbd of gasoline supply available for consumption at peak demand this summer.
♦ Because US gasoline demand is expected to average 9.7 mbd in August, the result is an average draw of 0.6 mbd from gasoline inventories in August, about 200 kbd tighter than normal.
♦ Holding those assumptions on refinery yields and flows for gasoline from today through August, total US gasoline inventories could fall below 160 mb by the end of August, the lowest inventory level since the 1950s.
A regression analysis on the relationship between gasoline inventory changes and NYMEX gasoline prices “suggests that a drop of about 60 mb in gasoline stocks between now and August would result in a 37% increase in prices which translates to a $6.20/gal average US retail price”, according to Kaneva. (read more)
Elections have consequences, stolen elections doubly so”.
Lets Go Brandon!
Uncontested ballot fraud has even worse consequences. It signals the left that they have free run to do anything they want.
Like all criminals they have to be stopped. We’ll see.
I believe we have seen. At this point, we are willfully blind or have learned helplessness.
Cattle Futures
Uranium One
Fast & Furious
IRS Scandal
Dossier
Fraudulent Impeachments
Compromised SCOTUS justices
Unconstitutional powers seized in the name of covid.
etc. etc. etc.
TPTB have been plundering and stealing for DECADES, and NEVER any consequences or accountability whatsoever.
The list is too long to even contemplate any longer.
it may be that EVERYTHING they have done boils down to plundering
make a list, if one can, of things that were NOT plundering
Looters
The are making a mockery of this country and lying about it daily to our faces. But remember what some tell us, it shows they are afraid.
Yeah, I can see they’re terrified as they fly to the “war zone” for cash withdrawals.
How much longer before we reach the point of stopping talking and start slitting throats?
When the hunger games get real, which may be anytime in the next year or so.
Location is going to matter greatly.
There is no place in hell too hot for these evil doers.
FJB
It’s all by design. They couldn’t usher in the radical change they want with the pandemic, so they’ll do it with war (Ukraine) and famine (world-wide).
ugh, that means at least $6.50 here in PA
Already $6.79 for premium here in OC Kalifornia.
$6.99 and nine tenths of one cent in West LA for premium gas.
$4.89 premium in my North- ish Texas community this afternoon.
A friend said she filled up yesterday morning here..$4.10/reg. By the afternoon when she drove by the QT where she’d filled up, it was $4.39.
There are millions now who are struggling to pay for gas. By June when peak driving summer holidays are here, I dread to imagine.
This illegal administration knows what they’re doing. They are revelling in the misery and are positively giddy it will get worse. They maybe human, but they are not human beings. There is a difference.
Finding gas below $6.00 in the state capital takes some doing.
All of these malevolent decisions make perfect sense once one accepts the premise that they want us dead.
They want us trapped in dark, cold homes, starving to death.
That’s the way in which the devil-worshipping, kiddie-raper, necrophiliac Elites get their sexual thrills.
I see you have it figured out.
Biden’s dream for us via the TRue Winter of Death is coming.
“They want us trapped in dark, cold homes, starving to death.”
Already accomplished in Britain / Europe
Where Leftists’ insistence on windmills and solar panels has driven home utility costs so high that monthly electric bills are unaffordable by many, particularly the elderly on fixed incomes
So they keep their houses chilly to freezing (heating totally shut off) because they can’t afford it
Pointman wrote an eloquent essay about his volunteer efforts tending to elderly who are freezing to death in their own homes because they can’t afford their inflated heating bills / energy costs that result from Britain / Europe putting all their eggs in the “renewables” basket. So they leave their heat off or way down or get cut off for non-payment
A couple excerpts:
“I got the ones nobody else could get near, but eventually weaseled inside their defenses to get them out of bed, change the linen and introduce them to disposable diapers. Get some liquids down them, a regular infusion of some soup I’d bring along …
“Putting a straw in a Styrofoam cup of soup and clasping your hands around theirs because they’ve got some shakes …
“I learnt to spot the proud ones who’d never leave their house for some f#cking animal shelter pretending to be a care home …
“I – like them – saw who the real enemy was. They knew what they were doing in choosing their own place of death in their home …
https://thepointman.wordpress.com/2017/07/21/solaris-two/
Nimrodman…I watched a tiny bit of a celebration of the Platinum Jubilee. The part I caught was soprano Katherine Jenkins singing patriotic songs from each part of Britain.
When she started singing Rule Britannia (“Britons never ever ever shall be slaves” is one of the lyrics), I felt unexpectedly morose and overwhelmingly sad. I lived in Wales for a long time. I had to turn it off.
Johnson’s “Conservative” government, all full of immensely wealthy toffs, has destroyed that country and its people through a slavering obeisance to the WEF and their monstrous, ungodly, mentally ill madmen. The Chancellor, the fabulous wealthy Rishi Sunak, intends to “help” people who are truly having to choose between energy or food by lowering their income tax by 1p. Out of touch with absolutely no idea how a large part of the population are really struggling existentially.
My heart breaks into pieces for the people whom I came to love so much. Britain under Johnson is a despicable country now. Unfortunately Labour is even worse. I have many friends and family there. And I see no way out for any of them, as Johnson continues to import tens of thousands of aliens from the most substandard countries in the world while covering all their expenses with no limits.
Their door are open…wide open, with no pretense that anyone understands such actions will put the final in the coffins of those people you highlight.
Coincidentally, I think I’m describing the US exactly when I read what I have written. The script seems to be the same…like “Build Back Better”.
Funny that….
…and the British government was executing those in care homes with medazolam. Fact.
Shipping tankers of oil over seas isn’t helping either.
We have the resources to be an autarky but not the will.
Fox commentator pointed out the tankers run on bunker oil, about the dirtiest formulation possible
So the more tankers are run, the more CO2 pollution they’re emitting
As opposed to extracting oil here in America
I meant we are shipping US drilled oil overseas. In my world that is incomprehensible!
D’s AND Rs.
The last Farmer poll from “Farmfutures” had PDJT at 75%. After this fuel disaster the Dems will have lost the remaining 25% of rural farmers.
Any farmer who voted blue is an idiot to begin with.
I’ve said for years now that the climate change AGENDA will do us far more damage than climate change (if indeed there is any) ever will.
Yeah, that’s the point I made last time I discussed the issue with Lib friends
Why hamstring / debilitate our economy now for fear of some far-off future effects?
Particularly when China and India have hundreds of coal-fired plants on the books that will negate any positive contribution we might make towards lowering CO2?
I say: Adaptation
Start to build new ports and other infrastructure farther inland or raise existing ones with rock walls and dirt fill – far cheaper solutions than the track Leftists/Greenists want us on
But they don’t follow logic or reason
They want to destroy our economy because “discontinuing fossil fuels” is “the right thing to do, the moral thing”
Regardless that China, India and the rest of the developing world will largely counteract our feel-good gestures
It is genuinely surprising that you can talk to “ Liberals” and are still sane.
I gave it up the morning of Nov 7 2020.
I observe the body language of “ the woke” as they engage in dialogue with folks near me.
They are on attack and “ scripted” 100% and always wrong.
Cheers!
Well, they’re my best friends and I was invited to dinner
I don’t seek them out for stimulating discussions
I have a 34 year old daughter who is “woke beyond hope”. I cry into my pillow a lot.
battery cars pollute?
say it isn’t so!
Ballot inflation…meet…energy inflation.
The New Green Steal.
Build Racket Better.
I predict higher than that
Yep … Me too. $6.20 is a lucky number!
Looking on the positive side, America is not ‘Woke’, but awakened!
The sleeping giant’s slumber has once again been stirred and it is pissed!!
Nothing is irreversible. We will just fight in a different direction to victory for mankind.
Keep hope, keep faith, Trust in Jesus!
Agreed.
Amen!
Jesus, I trust in You!
Amen …. Jesus is trustworthy in every circumstance!
would like to think so, but the recent voter turnout was far less than 100%, therefore more pain must be inflicted to fully awaken
exciting times!
Oh yes!!
Even here in ultra Liberal Southern B.C.
Crime is skyrocketing.
Much of it unreported.
Mostly petty stuff and non violent.
A modest sized grocery store in our above average income community.
Now has 2 in store uniformed security and one in plain clothes on duty at all times.
5 years ago or so.
The store had an occasional in uniform presence.
Gas and catalytic converter thefts…one overnight trailer compound had six C.C. on the weekend.
Cheers!
we are witnessing the collapse of Western Civilization
👍👍
It’s like a rat infested, termite decimated shack.
waiting for a strong wind…
A wind that may just be hyper inflation and decreasing asset values.
Cheers!
And vote harder eleventy!
According to a few disappointing primary results by adding Dem and pro RINO votes, not all of America is fully awake yet. Maybe the actual election will improve the ratio.
But the overall signs indicate your voting optimism is reasonable and rational.
The trouble with that kind of talk is that it is usually directed at Biden and his immediate administrative personnel. Biden is no more in charge of what is going on than I am. He’s a puppet. What we really, REALLY need to know is who are the puppet masters and we need proof that they ARE actually the puppet masters. So far they’ve gotten away with anonymity. Yes, we have Soros and Schawb and Bezos and Gates and a few other tech super billionairs but they are only upper level cadre. Who/What is coordinating the overall strategy. Can we get proof of that. We need that proof or we’ll just be conspiracy theorists.
We aren’t going to get anywhere going after Biden or Schummer or McConnell or any of the other easily replaceable hired hands.
Praise the lord and pass the ammo. It’s time to change this assault on Americans. National strike, mass demonstrations , stop supplying the cities, whatever it takes. If things continue to slide down hill the election in November will be of no help.
Our gas in California is already $6/gallon. Steve Bannon just said on Warroom that they are reconfiguring gas pumps for $10/gallon gas. Yesterday I paid $4.19 for a gallon of “best value” milk. Bannon and Navarro said to hunker down. It is scary because they have been right on the economy most of the time.
https://www.westernjournal.com/gas-stations-running-gas-pumps-reprogrammed-include-double-digit-price-per-gallon/?utm_source=Email&utm_medium=newsletter-WJ&utm_campaign=dailyam&utm_content=western-journal&ats_es=5de4b4e3beb5db279fa9b9120c2fc912
That’s some scary reading.
That’s where we are headed.
Good God. I feel sorry for anyone that has to got to go anywhere. I will sit home and go nowhere.
Unfortunately, the fallout of high gas prices will be disastrous for businesses, big and small, that rely on fuel, regular and diesel.
These global monsters want to burn the world down.
We are already doing that!😠
Yea fill the tank of halfway and drive less.
Unfortunately not everybody can afford to just stay home.
I have been doing that two dollars per gallon ago!
That’s the entire child rearing age middle class.
We all have to go places, our entire civilization is based around assumed mobility.
This is yet another step toward our coming serfdom; albeit a huge one.
Remember when we had corner stores? Maybe they’ll make a comeback.
Remember when members of Congress represented the people who elected them?
I think that was before my time…
No, no I do not. I’m 40.
I sincerely hope everyone that voted for Biden suffers greatly. Unfortunately, the ones I know are all too affluent to be affected by the gas prices. They do however live in urban areas and inner suburbs so the huge amount of crime caused by these policies could hit them.
For all their (certain urban types) bleating social high-mindedness, and their access to technology and proximity to things others have to travel for, it’s all a thin veneer. When the tap runs “too expensive” and it starts to hurt them, and things get scarce, and they figure out that they’re trapped there without options, they’ll behave just like the animals they are.
They’ll be the first to start eating each other when things turn ugly.
Its already hit the Lincoln Park and Gold Coast of Chi-Town…
Yep,
We bought a 2003 Toyota Corolla a couple of months ago off a yuppie couple here in Southern B.C.
The guy has a fancy Tesla, the wife ( the seller) was buying a Tesla.
Her plan was to sell one of her Tesla shares a month to pay for it.
The shares around $1000 at that time, they are not too much over $700 today.
Their $1,700,000 or so house back would find few buyers at $1,550,000 today.
I appreciate these are high net worth folks, but my hunch is she would want her Toyota back.
Cheers!
The rest of us suffer right along with them. I’m still waiting for my sister to admit the Ds are awful and she still hates 45 no matter if he did give us $1.87 gas.
Trump will be proven right once again when it hits his prediction of $7. FJB.
At least we know it has nothing to do with government policy here in Ameristan. I know that because I have heard it from a dementia patient, a red-headed creature and a black lesbian. In other words, some of the very best of what this country has to offer.
My gosh, what a rogues gallery, eh?
What’s going to stop this train? Even if we stop enough midterm election cheating to take over the House and Senate, any bills passed by Congress to remedy the situation will simply be vetoed by the pResident.
The House controls the money. Biden gets no money until America gets gas. Every spending bill can include “No money for…” He can’t veto responsible spending bills, and he doesn’t have a line item veto. One add on should include the language that carbon dioxide, essential for all plant life and hence all life, is not a pollutant and cannot be regulated.
Sounds promising, if the UniParty Republicans can support playing hardball and stop reaching across the aisle…
Obama and his energy czar wanted high energy and gas prices…it’s taken them a while but this is their work..
The “green” infrastructure is non-existent. Collapsing “what works” for “what sounds good” is economic suicide.
To make the EV market functional without coal and gas with nuclear, would require replacing current generation of some 800 GW with a new reactor every month for the next 133 years. Also refitting some 427,000 miles of transmission and distribution lines, all substations, all distribution transformers, all switchgear, and about 100,000 miles of new lines at an average of 3 million/mile.
To do the same generation change with windmills at 2.5 MW each and 30% capacity factor, would require 1,333 new windmills each month for 133 years. There are not enough raw materials to do that, even if you wanted to.
This is either a group of idiots willing to destroy America for the sake of ideology, knowing it cannot be done, or it is an intentional sabotage of the US Economy with no intention to be successful at anything other than bankrupting America and destroying its citizenry.
It is way past time to have these fools prove they can do what they claim and back it up with a full engineering analysis with CPA reviewed financial models. They got nothing and never will have. This is all just rhetoric and weapons grade stupidity.
“This is either a group of idiots willing to destroy America for the sake of ideology, knowing it cannot be done, or it is an intentional sabotage of the US Economy with no intention to be successful at anything other than bankrupting America and destroying its citizenry.”
Yup. Both. Everyone knows the physics do not support it. They have no interest in making it work, only in getting rich in the process while bringing America to her knees.
Win Win for the globalists.
unreliables are simply not rational
but you MUST factor in the build out of backup generation for the unreliables when the sun isn’t shining or the wind blowing, which means hydrocarbons
They don’t plan on it working. They intend for 99% of us to live like medieval peasants. Never traveling farther than a mile or two from where you were born. Living a subsistence lifestyle in a modern shack stacked on top of other shacks in cities.
There won’t be electric cars for the masses and we will eat bugs if they deem us worthy to eat.
That’s the plan anyway.
“The Green New Deal agenda necessarily requires that gasoline rise in price to $7/gal this year in order to force the change in profit dynamic for alternative fueled transportation.”
Yup, that’ll work.
To all keyboard warriors. This will not be changed nor addressed by the constant battering of angry voices. This will only be
changed by organization, discipline, and conviction, period…. Do we have the fortitude of our forefathers? They suffered under excessive taxes, martial law and more until finally a small group said no more! This is not new and has been going on for thousands of years. It is the nature of human nature. Constant desire for power and money over others less fortunate. Control is what has been and what will be forever until we say no more. Will it last? Will they come back again ? Of course, it is nature of human nature. Vigilance, presence of mind and the absolute faith in the Lord is the only way to stop it.
For Californians, JP Morgan is (not surprisingly) late on their $6 call, which we passed a few months ago. Heck, last October, I paid $6.50/gallon at a middle-0f-nowhere gas station along I-40, in Arizona. I took photos of the pump price, knowing it was only a matter of time before $6.50 gas would spread across the nation.
Paid $7.29 premium on I-5, middle of the valley, last week.
Though it’s better than spending 45 minutes plus at an electric charging station.
We’re already at $7 now in some areas in California. Diesel is over $8.
What’s the lease payment on a 70k EV? I have 1% for a down payment.
I paid $6.39 for Diesel in Santa Barbara County yesterday. This is a huge hit to our monthly budget, as are sky-rocketing grocery prices and utility costs.
My 70 year old husband has health problems and can’t return to work. I watch my grandchildren to help out but will likely need to get an evening or night shift job just to stay out of debt or deplete our IRA.
Some passive/low yield active resistance would help. Screw them and their EV dreams. Gotta be a way to flip these people the bird. Oil and gas drillers should do just that, Drill. Screw their permitting process. States, where they have reserves, should just tell drillers to go ahead. Permit them through the states, however it works just do it. Figure out ways around these a-holes. DC is a cancer on the country and the action is at the state level. Elections for Governor and state legislatures are waaaaay more important than these destructive swamp things in DC. Can’t get enough good Governors?? Move to the states that have them. Can’t move? Passive resistance in blue states. It’s the only way. Not easy for sure but gotta be done.
You can get a siphon for 10 – 15 bucks. 😏
They just carjack these days.
aftermarket locking gas caps used to be a thing
Nowadays, they drill into the gas tank:
https://www.fox5vegas.com/2022/04/16/gas-thieves-strike-again-drill-into-gas-tanks-steal-gas/
energy policies become irreversible ??? the only thing they can do is destroy the economy and no amount of windmills will rebuild what they destroy … of course its all reversible …
And we are exporting natural gas to Europe at a cheaper price than Russia can provide.
I agree it is a feature. But I disagree about the timeline. They knew they had 2 years and had to push most of it through in two, rather than 4 years because they knew that this might be a painful transition that could cost them representatives. That is why everything has been happening so fast that it is hard to keep up with all they are doing.
Team Biden’s solution for us all once we get mad enough – is a Russian Missle into a US city.
DC please
i should of said “Fake Rusisan Missle sent by Team Biden to blame Russia but kill us”
$4.99 REGULAR STATAEN ISLAND, N.Y.
I suspect western Europe (EU/NATO) will collapse by then because they are already seeing higher prices than here for energy. I saw a report today that some of the ordinary folks in England are skipping one meal a day because they can’t afford three meals. The more the western block (I include Japan and South Korea) sanctions Russian energy, the higher the costs go. Russia is making money hand over fist and the Europeans are paying in Rubles. In fact, the Ruble has been the best performing currency so far this year. Our prices are also being drive higher because we are sending more and more oil/gas to Europe to try and sustain them in the face of their giving up a dependable and relatively inexpensive provider of energy: Russia.
And as more and more pain is pushed down on the American people, we hear ZERO outcry from McConnell and Graham.
A green economy is a dead economy. The politburo will enjoy the champagne and caviar while we serfs stand in the breadlines.
Wonder how many millions will surround dc & shut it down?
Better do it before the CONgress goes on summer vacation in August. Make them stay & make them pay.
$4.39 here in far north DFW which is .10 more than yesterday and about .50-.60 higher over the last 2 weeks. let gas get to $10 national average, then being voted out in November will be the least of the Communists worries as we start to descend into what’s currently happening in Sri Lanka. as always, plan accordingly.
They have a plan but there’s no getting off the train of consequences.
These people doing this again, do they consider themselves Americans? Do they consider us Americans? How many foreigners are influencing this plan? How much hatred for Americans do these elected officials have?
FauCHI-19
Energy shortages will lead to food shortages
Our money funding a war we have no business in…
I would say impeach and conviction for many of these people shouldn’t be hard. They refuse to do their duty. But they’re all in on it or influenced by the people paying both sides.
There’s a real storm coming. Be ready.
Coming to a city near you?
Bet on it.
Now that’s what I’m talking about!
Cheap gas in my hood is 5.16, 65 cents increase in a week.
We have to drive to a wedding from CT to upstate NY this summer.
I have already started saving gas money for the trip. Here in CT our
Governor suspended the gas tax thru Nov 30.
We are averaging about $4.60 a gallon with Diesel at over $6.
Might want to look into this
https://www.hydrogen-generators-usa.com/hydrogen-car-kit.html
Hurricane season too.
Yeppers!
Means of evacuation and power during outages are being vastly impacted. Don’t forget that the strategic reserves have been drawn down to support the fascists across the pond.
This will be a very long couple of years (minimum).
The so-called “government” needs to build higher concrete walls around DC so we can fill it with salt water….a different take on ‘salting the earth’.
This sure isn’t looking good from any angle!
So inflation is ‘always’ caused by the ‘real’ price of energy; plan accordingly.
Nothing you consume ‘today’ wasn’t at first the product of energy or the result of the materials of the Earth itself plus the labor of humans.
It doesn’t matter if it is fossil energy, stored away over millions of years, or in the crust of the Earth, or was delivered today from the great fusion reactor in the sky (ie the sun).
Any attempts by the FED to ‘raise/lower’ interest rates or the government to print money will do absolutely nothing.
Governments, however, constructed or controlled, throughout all time, have always been entirely useless in this regard. Important safety tip. A minimal government is best defined as one that prevents crime and nothing else.
None of their worthless actions will ever create more energy or food or anything else of value to mankind or God. Nor will it ever replace the value of hard-working and creative freemen engaging in commerce with real money.
And yet we all live on a ball of energy 30x denser than oil? How do few know this basic fact?
Thus God has already provided both the means and now all the knowledge we recently acquired in the 20th century for never-ending abundant human life upon the Earth. A resource that was present upon the very creation of the Earth, no less. What more could we ask of him?
And yet the Satanists all clearly want us dead.
What they want is to control us. Those who have no use to them as slaves and those who intend to live as freemen, they intend to see dead. That is the grim reality of this serpent.
Look to China to see the globalists’ utopia. America is their biggest problem. For so long they pumped trillions upon trillions into our economy to counter the exfiltration of our earnings, our manufacturing capability, our productive jobs, and our intellectual property.
The money pump has reached the end of its usefulness. It is going to get far uglier before it gets better.
The decline in operable refinery capacity on the East Coast is substantial and is helping to push gasoline and diesel prices higher.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MOCLEEC2&f=A
I’m not so sure we’re going to make it that long. Recall in 2008/9 whenever gas approached $4/gal the economy would start to seize up / slow down. The Dow dropped 1,000 points today on horrible retail sales data leaving Democrats literally NOTHING left to boast about (they spent all of last Fall bragging about their 401K’s being higher). The Dow is just a little higher than when Trump left office in 2021.
We’re clearly heading into a major recession which often reduces demand for gas, so we’ll see. This is CLEARLY the goal – to drive gas prices to insane levels.
Remember this little gem from 2012…? https://www.cnbc.com/id/46904329
That link is a reminder about Obama Energy Secretary Steven Chu saying they wanted to get gas prices over $8/gal.
The only answer to the Biden/potato problem might well be mass civil unrest of the sort where the elites realize the pitchforks are coming for them.
“We’re clearly heading into a major recession which often reduces demand for gas, so we’ll see.”
That is unlikely to affect prices much because of the specific situation:
“But the standard impact is DEFLATION but that means demand is declining relative to supply. Now we have a decline in supply because of the regulations and war. Consequently, prices will rise even in a recession because it is a shortage of supply, not a decline in demand. It is this lack of understanding that is creating the liquity crisis.”
This assumes employment remains high. If consumer spending collapses, layoffs are coming and consumer demand (we’re already seeing it) will decelerate faster.
This government is illegitimate. To subject citizens to insane fuel prices in country awash in natural gas and oil is unconscionable and reprehensible.
No amount of green energy will heat our homes, fill our vehicles or lower cost.
The answer is to REMOVE this government by force.
This government mandates murdered our elderly, destroyed small businesses, employed racism to divide us, allowed illegals to enter our borders, destroyed our military, removed law enforcement and now on a quest to remove our disposable income.
Time to plan REMOVAL by ALL means necessary.
Roger
I’m your huckleberry.
Hang on to your hats, girls.
This station is about 45 miles from my house but fortunately I live just across the state line and I go the other way to get my gas @~$4.50
This picture is from March so I ‘spect it’s a bit higher now.
funny they put the 9/10ths on what looks like a thousand dollar service fee (mechanical check-over,replace fluids,fixes for various issues like brake linings?)
someone’s got a sense of humor
That’s the Diesel price. There’s a red label to the left of it.
Obama always wanted $6 gas – now we have it.
PS: TCT has several times noted that Americans are in a abusive relationship with our UniParty controlled Federal Government. I would like to posit that a significant part of the disinformation and gaslighting, and constant crisis creation(pandemic, BLM riots, attacking our children with CRT and trans identify politics, economic, and geopolitical) is to cause much of the American population to suffer from ‘Stockholm Syndrome’, the symptoms of which are (from Cleveland Clinic):
> Positive feelings towards abusers or captors
>Sympathy for their abusers or captors beliefs and behaviors
>Negative feelings toward police or authority figures
I believe this is why deep Blue states remain Blue – it’s how many people cope by giving the Leftists Democrats what they want. Democrats are trying to do the same now to the country. Only in the Balkanized deep Red states do you have some protection.
Bungles Biden and his gang of nefarious misfits are punishing everybody in the USA and laughing about it because the know there is not enough push back to stop them. When certain DA’s and Judges in the Court system have been corrupted and elected officials are in on it, the system is broken. The stooges in the MSM are covering for all this with their false narratives. They are enjoying their power trip. Kinda like the fox guarding the hen house pretending not to know anything about the missing chickens.
This is all by design, Cloward/Piven, Rules for Radicals, Machiavelli, with a little Orwell thrown in.
If not fixed soon it will be the end of the Republic.
Stolen elections have serious consequences.
By the middle of August, we will be in a full” bloody revolt”.
Gee, Brandon will be sooooo proud! He will have exceeded even Obama’s lip-smacking target of $5 a gallon.