Bps1691
Veteran Member
Besides the 10's of thousands of jobs that Ol' Slow CCP Joe killed with the swipe of his pen, the average person has also been impacted by the demon-crats war against the common people in the price we are paying for gas. That same cost increase is also being passed along to us in the purchase of any products that require transportation, so it is a double whammy.
We both work from home and due to the COVID restrictions of closed venues and cancelled grand kid's sporting events, DW and I are using a tank of gas each every 4-5 weeks. That makes the increase since Slow Joe declared war against personal travel even more noticeable to us. It doesn't creep up on us week after week, we get hit with several weeks increases at one time.
We buy our gas from the closest station (Casey's) in a little town a few miles south of us. It was $2.64 this morning. That's up 8% from the $2.45 it was at the end of January. It was $2.14 at the beginning of January. That's a $ .50 (+24%) jump in just two months!
The following article projects gas to just go up to $4.00 a gallon under Bidden. I think that is a very low estimate and IMO will hit $4.00 a gallon by this July.
Gas up 18% since election, could surpass $4 under Biden
Gas up 18% since election, could surpass $4 under Biden
By the time America gets back to work, and traffic jams, gas prices under the Biden administration could be heading back to $4 thanks to new climate regulations, the president’s shutdown of energy mining on federal lands, and overseas production cuts.
Industry experts believe that as the coronavirus vaccine becomes widely available, offices will start to fill up, as will gas stations.
But the supply may not be there because of production cutbacks, Biden’s new rules, and moves overseas to slow production to match low usage.
The result could be an “oil price trap” for the new president, according to Steven Kopits, the managing director of Princeton Energy Advisors.
He told Secrets, “Biden has substantial political risk heading in the 2022 midterms. He would do well to articulate a more balanced energy package because we may well see gasoline prices above $4 a gallon, and Republicans will not hesitate to finger the moratorium on leasing as the cause.”
Since Election Day, gas and crude oil prices have jumped. In the United States, gas prices are up 18% and oil nearly 50%.
Said another industry expert, “In four years, we had made the U.S. energy independent and denied the bad guys the ability to control global oil prices. The Democrats undo it in two weeks. Just incredible.”
Many of Biden’s first moves were directed at radically cutting the chances for further global warming. Several will kill jobs.
Every department has been ordered to factor climate change into their moves. In addition, he suspended new drilling leases on federal lands, restricted U.S funds in worldwide carbon energy programs, eliminated “fossil fuel subsidies,” stopped the Keystone XL oil pipeline construction, and slapped a moratorium on federal leases in Arctic Wildlife Refuge.
OPEC and the Saudis have also cut production in hopes of raising prices to offset a year of losses.
The president’s plans have played well to his base, but consumers and energy industry representatives are starting to push back. The last time gas prices reached $4 was 10 years ago.
“The Biden administration’s plan to obliterate the jobs of American oil and gas explorers and producers has been on clear display with cancellation of the Keystone XL Pipeline, the initial announcement of a 60-day freeze on federal leasing and permitting,” said Dan Naatz, with the Petroleum Association of America.
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We both work from home and due to the COVID restrictions of closed venues and cancelled grand kid's sporting events, DW and I are using a tank of gas each every 4-5 weeks. That makes the increase since Slow Joe declared war against personal travel even more noticeable to us. It doesn't creep up on us week after week, we get hit with several weeks increases at one time.
We buy our gas from the closest station (Casey's) in a little town a few miles south of us. It was $2.64 this morning. That's up 8% from the $2.45 it was at the end of January. It was $2.14 at the beginning of January. That's a $ .50 (+24%) jump in just two months!
The following article projects gas to just go up to $4.00 a gallon under Bidden. I think that is a very low estimate and IMO will hit $4.00 a gallon by this July.
Gas up 18% since election, could surpass $4 under Biden
Gas up 18% since election, could surpass $4 under Biden
By the time America gets back to work, and traffic jams, gas prices under the Biden administration could be heading back to $4 thanks to new climate regulations, the president’s shutdown of energy mining on federal lands, and overseas production cuts.
Industry experts believe that as the coronavirus vaccine becomes widely available, offices will start to fill up, as will gas stations.
But the supply may not be there because of production cutbacks, Biden’s new rules, and moves overseas to slow production to match low usage.
The result could be an “oil price trap” for the new president, according to Steven Kopits, the managing director of Princeton Energy Advisors.
He told Secrets, “Biden has substantial political risk heading in the 2022 midterms. He would do well to articulate a more balanced energy package because we may well see gasoline prices above $4 a gallon, and Republicans will not hesitate to finger the moratorium on leasing as the cause.”
Since Election Day, gas and crude oil prices have jumped. In the United States, gas prices are up 18% and oil nearly 50%.
Said another industry expert, “In four years, we had made the U.S. energy independent and denied the bad guys the ability to control global oil prices. The Democrats undo it in two weeks. Just incredible.”
Many of Biden’s first moves were directed at radically cutting the chances for further global warming. Several will kill jobs.
Every department has been ordered to factor climate change into their moves. In addition, he suspended new drilling leases on federal lands, restricted U.S funds in worldwide carbon energy programs, eliminated “fossil fuel subsidies,” stopped the Keystone XL oil pipeline construction, and slapped a moratorium on federal leases in Arctic Wildlife Refuge.
OPEC and the Saudis have also cut production in hopes of raising prices to offset a year of losses.
The president’s plans have played well to his base, but consumers and energy industry representatives are starting to push back. The last time gas prices reached $4 was 10 years ago.
“The Biden administration’s plan to obliterate the jobs of American oil and gas explorers and producers has been on clear display with cancellation of the Keystone XL Pipeline, the initial announcement of a 60-day freeze on federal leasing and permitting,” said Dan Naatz, with the Petroleum Association of America.
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