Oil is back to where it was in April of 2019. Gas prices were pretty in line with that fact until the pipeline hack drove prices of gas higher. During Obama's 2nd term, gas dropped to less than $2/gallon.
Real world gas risen about 35 cents over the last 6 months, gas has not been under 2.00 since late 2019 I have to think. It was 2.20 in march of 20/20 and now its about 2.55. If you are in Texas you should be happy for the rise in gas prices. Gas was about the same price after 2008 why are you making **** up gas has not been around 4.00 in over a decade and has not been over 3.00 about the same time.
Gas got down to 1.30 at the pump where I live during the beginning of the pandemic. I have a facebook post that documents it. Remember only paying 20 dollars to fill up my V6 Sedan.
I could be misremembering. But it was 2.20 in march of last year and has not consistently been below 2.00 for awhile.
Trust me, I've got six vehicles I have to fill up almost daily. Gas was cheaper under the Trump admin.
Makes sense. Speculative demand for oil would plummet knowing impeding global pandemic shutdowns and restrictions were coming.
We don't have to trust your anecdote. We got data. "U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon)" https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m According to data, gas prices started dropping during the last two years of Obama's administration and then hovered around a steady state during Trump's administration with a massive drop during the end of his term probably due to the pandemic shut downs.
It was pretty much under 2 bucks all of last year. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMM_EPMRU_PTE_STX_DPG&f=W
The Keystone pipeline was to export Canadian oil out of America through the Gulf, not serve the the US. Oil is priced globally. Since then we have had a supply glut brought about by technology so the Keystone isn't the factor people think it is currently. It most likely will make oil more expensive over time, but not like people think. Global O&G capex has dropped significantly since 2014, the commodity bust, so lack of investment will be the main driver in rising prices. Iran's oil is lurking in the background, which could depress prices and investment further.
Sure, but the pandemic is the main reason. How was putting tariffs on commodities and starting a trade war friendly to shale? O&G drilled too much and got overextended again. The worst O&G crash since the 80s occurred under Trump, which isn't all his fault but thems the facts. Always? Prove it.
Yes sir. Gas prices dropped due to 2 things. 1. The pandemic drove gas demand spiraling downward causing prices to drop. 2. Saudi flooded the oil markets last spring causing prices to drop further. Both of these also caused massive job losses in the oil industry last summer - Tens of thousands of jobs in Texas alone. https://www.naturalgasintel.com/tex...s-industry-jobs-return-crude-supply-steadies/ "In 2020, about 60,000 direct exploration and production (E&P) oil and gas jobs were lost. Since the industry employment peak in December 2018 at more than 228,000 jobs, roughly 78,000 jobs have been lost, down 35%.. The recent demand contraction for global energy was “easily the sharpest demand drop in the shortest amount of time on record,” according to the TPI. In turn, this created the perfect conditions for rapid crude oil price decreases. Further, the brief but catastrophic market share war between Russia and Saudi Arabia made the already untenable market situation drastically worse."
That graph is about 50/50 and in my area it was not. It was 2.12 in March in Dallas which is about what it was in my area. https://dfw.cbslocal.com/2021/01/21...e-jumps-again-highest-price-since-march-2020/ Anyway according to that graph, prices are still about average during the Trump years and the biggest dip has been during the pandemic. Like I said I am probably misremembering and basing it on my local prices.
All I know is the price of gas goes up atleast 20% every time a Dem is in office. That's pre- pandemic and my gas bills prove it.
I don't have to trust you. The information is publicly available. I actually went and looked at the actual data, instead of just throwing BS out there.
