GAS PRICES

Progressive chazal bring down that when in doubt as to whom to blame for any tzoros that afflict klal yisroel, blame RUSSIA!

Gadol, ya, this is simple mnemonic to get used to July 4th – $4 dollars. Thanks, Brandon.

To ujm re updated geopolitics of oil. You are correct that my information about major oil producers and international markets for oil are 10 years old. But I did some checking today, and I believe that the US still cannot materially influence the world price of oil. We may have large reserves, but the cost of getting the reserves out of the ground is high relative to the price of getting Saudi reserves out of the ground, and so there is no short-term solution for easing oil or gasoline prices.

Real Truth: National average gasoline retail sales prices (regular) were already at $4.80 (before the July 4th weekend) and with today’s drop in crude oil prices below $100/bbl, gasoline prices should drop even further by mid-week. Check the AAA website where average prices for regular and high-test are updated daily. You may still pay up to $6/gallon in Southern California, some stations in NYC etc. but we are talking about a national average sales price.

wait until you see “cheap” etrogim for “just $100”

> moshiach is on his way

Omein. Is he going to subsidize esrogim? (cf. Rav Huna – either vinegar become wine or prices of vinger went up).

Dunno how the Federal government should honor my right to cheap gas. However, it’s both an American thing and a Jewish thing to take personal control of matters. A person can lower their own price of gas by, say, swapping their car for one that gets nearly 50 mpg. Yes, I did it. I’m part of a couple, not an eight-person family, so a Chevy Spark with standard shift isn’t for everyone, but. And for city dwellers, bike paths have uses other than angering us about the clothing some bikers wear. That solution isn’t for me — age 68 and living in a rural mountainous area — but. Finally, the smallest car can hold four, not one, and is willing to do so without protest. It takes coordination, but. (We do round up much larger quora for davening.) All this, without mentioning public transit. Combined, they might lower someone’s personal “price of gas” to half or less of what the pump says.

FYI – if you contemplate biking instead of driving, you are increasing your risk by a factor of 10 v. driving the same distance. Motorcycles are 3x higher than that. (These are 10 y.o European numbers)

The wholesale price of gasoline has fallen about $0.80 per gallon since it hit its peak about 3 weeks ago. The retail price has not fallen yet, but I would expect it to fall in the next few weeks. I also expect news coverage of the price decline to be much lower than the rise. So lets stop carrying on like Chicken Little and watch what happens with gasoline prices.

So, if you think gas decrease from $5 to $4.50 is a winning proposition, I suggest you start putting “I did that” stickers on the gas stations with Biden pointing to the “decreased” price.

GH, great, so put the stickers up! It was $2.30, not $3.20 in Jan 2021, $3.30 in Jan 2022, so 40% of increase is pre-putin.

But you will find it hard to fight perceptions: if you declare that you are going to kill the industry and ignore saudis, you will be blamed for the ensuring high prices. If you increase supply, then you won’t be blamed at $10/gallon.

This might be also an illustration on how gov people plan: they expected prices to go somewhat higher and gradually, getting their preferred policies at minimum political price. This was done by the domestic team that did not fully considered geo-political risks. As we got no margin, Putin saw his opportunity and used it as weapons. For example, were the Germans start building LNG terminal as they promised Trump but then reneged after the election, Russkies would have different calculation …

Huju, alternative is to do teshuva for your vote and reimburse Syag for her gas expenses. You can also open a gas refinary or at least, invest in one. Maybe open an responsible investment fund, democrats for cheaper gas

Jackk, if you walk close to a pit and wind pushed you inside, it is your fault that you didn’t maintain safety margin. Government that allowed Putin to threaten world economy is at fault – not only of us paying $5 gas, but enabling this conflict by demonstrating this weakness and enabling russkies

@yserbius, because Brandon killed the US domestic oil proction to keep the chicken little envros happy.

Also, previously US fracking worked as a threat for OPEC: if the price stays high for long enough, fracking will start and continue producing even when prices fall. So, OPEC had to keep prices below the limit viable for frackers and the limit was gradually decreasing due to increasing efficiency of fracking.
Right now apparently fracking industry in weakened and is afraid to invest. Most recent “helpful” move from President – EPA discovered that fracking affects ozone and might soon close most productive fracking areas based on ozone measurements. EPA dept head is apparently a guy who was in charge of developed a plan on accelerating transition from oil under Obama, so ozone is just a means to that (according to WSJ 2 week ago).

And as GAS Prices get lower and lower , the republicans will do anything to not credit Biden.

It goes with gas prices and children’s formula and gun laws and vaccines and voter rights and insulin and new bridges etc …, they will give any reason but the President and Democrats.

jackk,

Obviously, all of your tireless efforts to promote Brainless Brandon aren’t doing the job. Perhaps if you start doing so 24×6 and post even more lengthy, verbatim, one-sided screed, you’ll convince someone. I highly doubt it but you’ll never know if you don’t try.

AAQ,

“I think you are projecting values from individual nuts to Republicans overall”.
You are 1000 percent correct.
“I am sure we also over-react to the Democratic nuts”
You are 1000 percent correct.
You continued showing some exceptions . I agree there are exceptions to everything said.
There is a style in the CR which many with DDS and BDS syndrome use and that is to paint everything with a broad brush.
And I was responding to your broad brush.
I disagree with everything you wrote below. The whole post is a mistake. Some of it is factual errors and some are errors in logic.
It was easier to post my own broad brush than to argue with you.

“Dems tend to think about their social priorities, relegating other goals to “good enough” – oil prices not too high today, Russia is not starting WW3 … Eventually, they mis-calculate, inflation stops being “temporary” and everyone is focused on what was the last mistake that caused the disaster. The strategic error came earlier when focusing on wrong things. Flood the world with cheap oil, surround Russia with NATO troops, make our economy strong and enemies weak, and then there will be enough money for all social equity and green innovations. As it is now, Republican administrations accumulate wealth and strength and Dems are spending them.

Price as of
7/21/22
AAA National Average
$4.440

New York Avg.
$4.642

Today’s AAA
Illinois Avg.

$4.918