Fuel prices around the world.

[jyoutz]

I blame the heavy handed environmentalist bullies.

I’m no friend of those folks, but looking at the oil and gas activities I don’t see that they have had any effect on production in the most lucrative oil fields (Permian Basin and Bakkan). They have successfully stopped production on the north slope and Alaska National Wildlife Refuge. But when the last administration offered permits there, no oil companies bought them. It’s extremely expensive and not profitable to produce oil in Arctic locations. Alaska oil isn’t happening due to economics, and the environmental groups haven’t affected production in the most productive locations (Permian basin).

 

[Hay Dude]

We can go back and forth forever, but the one common thing that we all SEE with our eyes is fuel prices doubled in about a year. There’s no denying it and there’s no sign of it stopping.
We also can see zero effort being made to change it for the better.
The “great reset” is still going strong. It’s not all that great for some.

 

[deserteagle71]

We can go back and forth forever, but the one common thing that we all SEE with our eyes is fuel prices doubled in about a year. There’s no denying it and there’s no sign of it stopping.
We also can see zero effort being made to change it for the better.
The “great reset” is still going strong. It’s not all that great for some.

It is not intended to get better. When the new administration took over a year ago one of their promises, their stated goals, was to move us away from fossil fuels. High fuel prices do just that.

Fuel price in Lovelock, Nevada a few days ago:

 

[Hay Dude]

You aint doing too bad, D.E.
$4.09 would help me in the bank account.
Pretty pathetic, huh?

 

[Kyle_in_Tex]

It is not intended to get better. When the new administration took over a year ago one of their promises, their stated goals, was to move us away from fossil fuels. High fuel prices do just that.

Fuel price in Lovelock, Nevada a few days ago:
View attachment 735195

First I've seen diesel cheaper than gas in a long time.

 

[Williy]

Here gas is $3.19
diesel is $3.69

willy

 

[mrmikey]

Ours took a jump in NS yesterday by 6 cents a liter, it is now CAN$1.589 a liter which works out to US$4.75 a US gallon, diesel is CAN$1.688 a liter, works out to US$5.05 a US gallon. SIL friend owns a local gas station, he 'says' he heard rumors of a 20 cents a liter jump tomorrow or Friday..........Mike

 

[Diggin It]

What's happening is simple economics ... and producer greed.

People stopped driving and flying. Demand cratered. Production facilities were shut down. The people started driving and flying. Demand soared, but the facilities were not brought back on line as quickly as they were shut down.

Add in the speculators, Middle East issues, a handful of leaks, explosions, refinery fires and now .... over there.

 

[Snobdds]

What's happening is simple economics ... and producer greed.

People stopped driving and flying. Demand cratered. Production facilities were shut down. The people started driving and flying. Demand soared, but the facilities were not brought back on line as quickly as they were shut down.

Add in the speculators, Middle East issues, a handful of leaks, explosions, refinery fires and now .... over there.

Simple economics is not driving this ship right now. Supply and demand did not just suddenly crater or spike. The price is being driving by a risk premium on the commodity. If the risk goes away, the price would fall like a brick.

 

[Williy]

Gas jumped to $3.49 today this morning was $3.39
Diesel is $3.99 to $4.15

willy