2 Dec 2022 7:43 am
So, the national average for a gallon of regular today is $3.45. Some of us pay more, some of us pay less but that's the average from sea to shining sea. I'm not expecting anybody to thank Biden for the drop in prices, since I don't expect anybody to blame him. And I'll tell you why...
Right now the US is producing more than twice as many barrels perday as it produced in 2008. So let's not hear any fossil fuel propaganda about the impact of the shuttering of the Keystone XL pipleline.
The price of crude two months ago was $120/bbl, today it sits at $75/bbl, and again, the average gallon of gas is at $3.45. What was the average cost of a gallon of gas the last time crude was at $75? It was $2.80/gal.
But right now, in this thread, we're talking about big oil, an heroic American industry according to fossil fuel loving MAGA/Q_ANON alt-right conjobs...ripping us off.
Right now the US is producing more than twice as many barrels perday as it produced in 2008. So let's not hear any fossil fuel propaganda about the impact of the shuttering of the Keystone XL pipleline.
The price of crude two months ago was $120/bbl, today it sits at $75/bbl, and again, the average gallon of gas is at $3.45. What was the average cost of a gallon of gas the last time crude was at $75? It was $2.80/gal.
So why isn't gas going for $2.80/gal? Because big oil is ripping us off for obscene profits. Why is inflation so bad? Because big oil and the rest of corporate America is ripping us off for the highest corporate profits in US history, by a country mile.Looking at the impact on prices at the pump, Schork added, “If oil drops to $80, it translate to $2.95 per gallon, on average. If oil drops to $75, it means you’ll pay $2.80, and if oil goes to $70, drivers are looking at $2.60.” - CNBC
But right now, in this thread, we're talking about big oil, an heroic American industry according to fossil fuel loving MAGA/Q_ANON alt-right conjobs...ripping us off.