codfish

If oil prices are off their peaks, why are gas prices still rising?

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"We reported last week on what seemed to be a contradiction in gasoline and oil prices. The price of crude oil has fallen about 13% since hitting roughly $130 a barrel in early March, when Russia invaded Ukraine. At the same time, the price of gasoline at the pump is going up and up, hitting new records on a daily basis, according to AAA. For the first time, gasoline prices are above $4 a gallon in every state of the nation. Not if you adjust for inflation, it’s important to note, but still. So what’s going on? Well, a big part of the price we pay is the way oil companies have managed their refineries, which churn out the end products. Javier Blas, a Bloomberg Opinion columnist covering energy and commodities, spoke with “Marketplace Morning Report” host David Brancaccio"

Edited by codfish

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Why should oil companies invest in refining capabilities when John Kerry literally said yesterday we will only have electric cars by 2035?

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Posted (edited) · Report post

Russia has refining capabilities.  We banned them. 
 

You know, one of those democrat policies that didn’t impact the price or supply of gasoline

Edited by jkrock

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8 mins ago, codfish said:

"We reported last week on what seemed to be a contradiction in gasoline and oil prices. The price of crude oil has fallen about 13% since hitting roughly $130 a barrel in early March, when Russia invaded Ukraine. At the same time, the price of gasoline at the pump is going up and up, hitting new records on a daily basis, according to AAA. For the first time, gasoline prices are above $4 a gallon in every state of the nation. Not if you adjust for inflation, it’s important to note, but still. So what’s going on? Well, a big part of the price we pay is the way oil companies have managed their refineries, which churn out the end products. Javier Blas, a Bloomberg Opinion columnist covering energy and commodities, spoke with “Marketplace Morning Report” host David Brancaccio"

Well you quoted everything up until the part of the article that answers your question.

 

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I thought we wanted oil companies investing in wind mills and solar panels?

 

you know, those democrat policies that didn’t impact the price or supply of gasoline 

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You know how many new ships are being built to administer and maintain the oil rigs in the Gulf of Mexico?

 

None?

 

They are being built to build and maintain offshore wind farms though.

 

Another one of those democrat policies that has no impact on the price or supply of gasoline 

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12 mins ago, jkrock said:

I thought we wanted oil companies investing in wind mills and solar panels?

 

you know, those democrat policies that didn’t impact the price or supply of gasoline 

Brandon is busy trying to introduce regulations that require pension plans to invest in green technologies.

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Just now, Steve_in_PA said:

Brandon is busy trying to introduce regulations that require pension plans to invest in green technologies.

Well, that definitely isn't Brandon doing things to impact the price or supply of gasoline.  It's a global commodity

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The Dems in CA aren't really attacking oil companies when they put forth legislation requiring all their government pension funds to divest all their oil and gas stocks.  Dems are not against oil companies.  Joe actually has them drilling more.  Ask KNewbee

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Posted (edited) · Report post

The federal government taxes us 18 cents a gallon on gasoline, bu gives tax breaks for EVs and allows EVs to use the roads for free, but democrat policies definitely don't impact the supply or price of gasoline

Edited by jkrock

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