Crime Gas was 2.73 today

[Michaelangelo]

Those are some Texan numbers

 

[44nutman]

Time to get back into $DRIP.
Just looked made 23% on it in 2022.

 

[LostMyBlackBelt]

If I didn’t fear success I would invest into this sticker to stick on pumps across America now

It was 2.80 here when Joe left office.

 

[Rational Poster]

Did either of you read or understand my post? Do you understand what a spot price is?

The current price you pay for gas is not forward looking - it is a reflection of market dynamics currently in play. It's why when a hurricane happens and knocks out refinery capacity in the Gulf of Mexico, you see a jump in gas prices. Another great example is the start of the Ukraine war - oil shot up more than 50% because of worries surrounding potential disruptions in global oil supply.

I'm administrative agnostic (I could care less who is in power) - I do however take issue with people erroneously attributing cause and effect when they clearly don't understand how commodity prices actually function.

Also, a restriction on drilling permits has had no discernable impact on the price of oil or gasoline if you look at the charts. Oil is in a bear market.

The reality on drilling permits is, there are way more active drilling permits than drilling operations.

Oil companies buy them and sit on them till they're needed for current demand.

And even if Trump did things like approve new drilling or refineries directly, these are multi year projects that wouldn't even be completed during his term, especially more complex fracking or offshore operations. There's basically no way we would be realizing any benefit today from any newly approved infrastructure, refining or drilling operations.

 

[Rob Battisti]

What how can this be

Cali is a shithole

 

[Anung Un Rama]