When President Obama was in office gas prices soared to more than $5/gal. When President Trump took office he unleashed the energy sector and we became energy independent for the first time driving gas prices down. Now reports of the current JoeBama policy impact show gas prices likely to top $4.00/gal next year.
WASHINGTON – […] 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. (read more)
Higher fuel prices disproportionately hits the working class. In addition to higher cost to fill-up your tank, transportation costs increase and raw material costs increase. The downstream impact of increased oil prices are significant.
Economic and foreign policies that return to an era of OPEC dependence are favored by those who push the “climate change” agenda. Those who support energy independence understand that U.S. foreign policy is able to retract when we are not dependent on other nations for our fuel and raw materials. It is all connected.
Gas in Chicago is up at least 50% since JoeBama.
Up over 50 cents a gallon here in Phoenix since jomentias coronation .
Yep. $2.80 gallon today. Probably be up to $4 sooner than predicted.
The Commies just don’t care about the working class. Never have never will. It’s so sad to see the country going down this fast. Why can’t the Americans who vote for this crap year after year see this? Yes higher oil prices help the “Bad Guys” and causes a huge drag on the economy.
I completely disagree with man-made global warming, but I understand it is religion for many on the left. I know its their goal to lower carbon emissions, but this can be done without wrecking the economy
Under the Trump administration carbon emissions decreased due to natural gas production. Not saying CO2 emission reduction should be an important goal.
The voters did not vote for that crap. They were cheated out of it in a generally fixed election. That is how we got all that crap. They knew they could win in a fair election so they cheated. Biden is not my President.
The world would be warming even if humans didn’t exist…and it’s going to cool off someday…even if humans don’t exist….
Something almost never mentioned is Obama’s HUGE land grab…he converted more land to ‘federal land’ than all other presidents combined in an attempt to neuter the fracking boom…
I wouldn’t feel so bad if Americans had actually been stupid enough to vote for this but they didn’t. The election was stolen.
When gas hits $4 I will probably sell my car. I won’t be hurt because virtually all of my travel and shopping is done on a bike. It will hurt those who rely on me to take them shopping though.
My annual auto insurance cost is a bit higher than $500. I spend less than that on gas. And with maintenance annualized, I will have about $1,000 to spend on public transit or Uber. And free up the cat port for projects.
Wise thinking. A lot of people will, of necessity, be scaling down operations for the foreseeable future and Conserving what they can. New skills will be learned and along with that will come greater self reliance. Make America Weak Again! Is the new slogan of the kamalajobama coup cabal.
It’s a tax on the poor and middle class to keep people dependent on the State. Revolting.
A few rounds of ammunition are a lot cheaper !
If you can find it .
I am a farmer my cost to use the tractor, food and fertilizers, shipping cost for chemicals, transportation cost to market, fuel cost for my employees to get to work all up this year alone. I have had to hike prices 6% in 4 months. What does that equate at retail stores? Average people (80%) will suffer.
The election was rigged. Notwithstanding that, the people who vote for these idiots never learn. Fuel prices going to double. Medication costs going up across the board. Insulin up 800%, back to pre Trump levels. Good prices slready rising. This is only the beginning. Hyper inflation and stagnation on the horizon. Those of us who lived through the 70s will at least be able to look at the millions of millennials and Gen Xrs who voted for this stuff with a wry smile on our faces. Welcome to hell on earth, boys and girls. Or whatever your gender. Kek
Ron Desantis will Crush Biden in 2024
Prepare for the dirty thirties in the year 2021.
The History channel put out a couple of seasons of “How the Earth was made” a few years back that you can still watch on youtube. watching ANY one of these episodes, a person can readily come to 2 conclusions. #1 “climate change” has been going on since the birth of our planet and #2 No amount of TAX DOLLARS can alter it. Nothing but a scam to lighten our wallets….
How many times have we heard/visited/learned that according to history “this place used to be under water.” You are right the climate has always been changing, the reason is not man. Ask a scientist who studies solar flares or heck even consider that there is research showing all the planets in the galaxy are heating up, not just Earth. Best of all, over the years the climate alarmists predictions do not come true!
The Sun controls the weather on Earth…not much of anything Humans do has much of an effect on anything weather wise !!
And it won’t just gas prices. Now we will see Super Inflation like we haven’t seen since Jimmy Carter.
Wow! I guess elections do have consequences, even if they are stolen!
Theft of elections have consequences!
So gas goes up $1.50/gallon under Biden? What does that mean to the average 2 or 3 car family?
Let’s assume 12k miles a year and an overall 18 mpg per vehicle. That means, on average, American consumers buy 666 gallons per vehicle per year.
666 multiplied by $1.50 equals $1000 per vehicle per year.
Biden is increasing vehicle costs by $1000/year per vehicle.
So if you have 2 vehicles, it’s $2k, 3 vehicles $3k etc.
Many will cost even more as Biden etal push their expensive Green Deal on us.
Election fraud has consequences.
How about those who struck at the heart of America suffer some of the consequences of their actions? How about those who are trying to kill a free Republic share in the pain they so readily dispense to others? Free and fair elections aren’t the only things that are being taken from us. The destruction of this country is proceeding at an ever increasing rate. These rats are Woke and are going for broke.This Country may not be recognizable in four years at this pace.
Leftist billionaires don’t care if gas is $50.00 a gallon. They can afford it.
Have faith we are all in this together for another 3 years. I live in Flirida after my Governor Crushes his democrat challenger in which i will be helping him. He will beat Any Democrat in 2024. Desantis is a Pro Trump Governor
Get us on mid East oil again and the war pigs will have an argument to fight with Israel in Syria. Yes, that is the plan.
There was a reason that China gave the Biden family 1.7 Billion dollars and Russia gave Biden 7 million dollars and Soros gave more….It was no accident
A lot of our freedoms are being eroded. The freedom to travel, to move about just because we want to, is being diminished. The religion of the left is clear. “You don’t NEED to go there.” So we’ll punish you if you choose to. “You don’t NEED that larger home.” So we’ll figure out how to make it too expensive for you to remain in it. And so it goes.
I worked in the upstream sector of the oil business for 35 years. These policies are a direct result of the willingness to believe the oil industry is evil and they collude to fix gasoline prices.
This was never true and it isn’t true this year either. The oil industry is probably the most competitive industry in the world. Even with the majors trying to gobble up as much of the reserve holdings of their smaller competitors, there are more than 2,000 oil and gas companies operating in the USA. Try to figure out how the prices of their commodities are getting fixed in that environment. Most oil companies are successful because they get their product to the refining facilities for a lower cost than their viable competitors.
This situation is something the oil industry has absorbed every time there has been a Democrap in the White House and when Nixon was there as well. It usually means an extreme belt tightening for the whole upstream (exploration) segment of the industry.
People, who work in this industry, are very familiar with the extreme up and down cycles in their business. Lots of good people get laid off and most don’t return to the industry after things improve. This means thousands of years of solid experience are missing as the industry tries to train their eventual replacements as to how to get the work done profitably. All of this costs the industry billions to overcome.
Although there is a lot more use of artificial intelligence algorithms in modern exploration, like there is in most industries, the decisions involving where to drill are almost always made by the people who must take the actual financial risks to find hydrocarbons in the earth.
The oil companies will be taking all of the blame for any price inconveniences that are endured by the usually ignorant American consumers while the always guilty political class will walk away totally unmolested as result of their complicity in this fiasco.
As you can see, I am a loyal supporter of nearly all of the men and women I worked with. My eyes are wide open on this subject and I am disgusted with the stupidity of most of the environmentalists I have known. They have the audacity to call environmentalism a science. Like most ‘isms’ it is nothing more than a belief based on corollary alone.
But now I am digressing. Sorry about the length of my comment.
Thanks for the info & I totally agree.
I laugh at all the idiots who voted for the criminal president,,, They will have to live with this lowlife no me I will move to Russia , where freedom of speech and media still is fair and not part of the One world order like all the EU and now America
democrats always end up with > $100/bbl oil, restrictions, taxes, inflation, it results in $5 gas, and the EV revo is still years away
Just look what Democrats have planned to wreak havoc on midwest red states.
https://www.lonesomelands.com/new-blog/2021/1/24/americas-family-owned-farms-now-face-the-greatest-threat-to-their-existance?fbclid=IwAR2T5BUxi-sI9RYlNjJEiv83sGMFGN3nS1mzarUPvI6LYjef4WYt2FD5Ml0
Increases in gas prices crowd out discretionary spending for people with limited discretionary income. Bye bye technology economy.
It’s exactly what the left and Joe intended to do. Throw out everything good, so we can be as miserable as they are.
Instead of speculating where the price of unleaded gasoline and diesel will be, open these two addresses which provide real-time and historical data, not ETFS.
https://www.tradingview.com/chart/?symbol=NYMEX:RB1!
unleaded gas
https://www.tradingview.com/chart/?symbol=NYMEX:HO1!
ultra low sulfur diesel
Buy energy stocks, etfs, futures or their options to capitalize on the cyclical behavior of the energy markets. Yes, fuel prices are rising. The lows were established in March 2020. Capital appreciation in the aforementioned investments is a far better return on investment than your savings accounts. Lots of free trading platforms are on the internet with negligible transaction costs.
The short squeeze is coming, gas and oil are already going up, March will see some serious spikes in fuel costs. And it will only escalate from there. Bank on it.
just filled up here in SoCal. Paid $9 more for the fill up,with 1 gallon less compared to last month. I suspect by summer the fill up will be $20+ compared to last year. I am fine with it since i am working from home and fill up once a month. But what about all those essential workers working at target, Walmart, grocery stores and restaurants. Elections have consequences,but hey you might all be making $15 an hour, if you can keep your job.
Once fiasco over with illegal impeachment, slimy Joe will be out of USA,INC bankrupted job as PRES. TRUMP will be inaugurated Mar 4th as 19th President of 1776 Original CONSTITUTION and he will undo anything clone slimy Joe tried to do. NESARA kicks in with gold standard backing our money and banks closed because no Fed Reserve now. NESARA will pay off every citizens bank loans, mtg, autos, student loans and credit cards. We all will start over at ZERO debt including our Gov’t. Yes. Thank You GOD for sending the planet Donald Trump
Yep, & when will that happen? I’m waiting.
It will be over $4.00 a gallon by the 4th of July.