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How much is gasoline at the pump where you live? (current week cheapest you have   The Consumer You: Marketplace

Started 4/12/21 by $1,661.87 in cats (ROCKETMAN_S); 7446 views.
WALTER784

From: WALTER784 

Apr-27

Kathy (katbad) said...

look to Texas and to OPEC for this one instead of reflexive venting about blue states you don't like. Greg Abbott & Texas 'I don't want no fed'rul regulation' resulted in the disastrous consequence of the freeze that cut off power and caused water shortages across the states. Abbott tried to deflect to other issues, but he is responsible and did a poor job handling the crisis. The shutdown of power plants affects gas prices throughout the country and even more in states like Minnesota 

Nice try, but Abbot and Texas have nothing to do with OPEC!

The US exported more petroleum in 2020 than it imported. Mainly because the US used it's domestically produced oil which is cheaper than imported oil. Thus when fracking stopped, and local oil production dropped, the US had to purchase more oil from overseas.

The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and as of April 2021 it includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates.

https://www.statista.com/statistics/262858/change-in-opec-crude-oil-prices-since-1960/

The Texas freeze did not change OPEC's prices. OPEC sets their own prices on the world market without any consent from either Abbot or Texas.

Also, look at this for the real reason:

EIA forecasts the U.S. will import more petroleum than it exports in 2021 and 2022

This too has absolutely nothing to do with either Abbott or Texas either. It's because the Biden administration stopped fracking and forced our dependence on foreign oil and thus the prices we pay are not due to any local State, but due to overseas OPEC price settings.

If we continued fracking and mainly depended upon our own local produced oil... then we would not even have to consider OPEC prices because we would be using domestically produced oil which is cheaper.

THAT is why prices are higher.

And absolutely nothing to do with >>>reflexive venting about blue states<<< as you so falsely claim.

Everything is more expensive in California... no reflexive venting what so ever... just facts! But yes... California is a blue state... however, however, it's economy it's also quite a bit in the red as well!

FWIW

 

Kathy (katbad)

From: Kathy (katbad) 

Apr-27

these aren't new regulations. California has always been a highly regulated and has consistently higher prices for that reason. Ditto Massachusetts. CA isn't the reason for the most recent price hikes

Kathy (katbad)

From: Kathy (katbad) 

Apr-27

WALTER784 said...

Nice try, but Abbot and Texas have nothing to do with OPEC!

apparently, you missed the 'and' - those are two primary reasons for the price hike

Showtalk
Host

From: Showtalk 

Apr-27

You forgot the Alaskan pipeline, which was shut down.

Showtalk
Host

From: Showtalk 

Apr-27

I saw a picture of a California gas pump. Regular was was $4.59 a gallon.

WALTER784

From: WALTER784 

Apr-28

Kathy (katbad) said...

WALTER784 said...

Nice try, but Abbot and Texas have nothing to do with OPEC!

apparently, you missed the 'and' - those are two primary reasons for the price hike

No... I didn't miss it. We didn't import much oil in 2020, but we are importing it now. Thus OPEC prices didn't affect our 2020 gas prices. But when current admin decided to stop fracking and local drilling as well as cancelling the pipeline, we became dependent on OPEC because we had to import rather than procure locally. And when OPECs prices went up, the price of gas went up with it.

That is the primary reason for gas prices going up... neither Abbot nor Texas nor OPEC! We were oil independent and thus OPEC prices didn't affect us. But as soon as current admin kicked in new policies... we became oil dependent and thus OPEC prices are higher than what we previously procured gas locally for and thus the price hike.

And on top of that... add in California's blend gas which an additional increase and wala... yet another addition gas hike specifically for California.

FWIW

Showtalk
Host

From: Showtalk 

Apr-28

They are talking about a national gas tax for infrastructure because gas isn’t expensive enough already.  They may as well squeeze out what they can from drivers.

WALTER784

From: WALTER784 

Apr-28

Showtalk said...

They are talking about a national gas tax for infrastructure because gas isn’t expensive enough already.  They may as well squeeze out what they can from drivers.

Well then... add the infrastructure tax which current admin approved and you have yet another gas price hike as well... on top of the OPEC rise in price and California's blend gas hike.

Again... absolutely nothing to do with either Abbot or Texas... but current admin's policies.

 

FWIW

 

 

Showtalk
Host

From: Showtalk 

Apr-28

It’s very obviously due to the administration, since the prior administration and some of the lowest gas prices and more oil favoring policies.  There were also many jobs lost as a result.

SMollick

From: SMollick 

Apr-30

I live in San Francisco. I paid $4.10/ gallon this morning. 

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