Fuel prices under a Biden presidency

19,517 Views | 175 Replies | Last: 3 yr ago by LMCane
BoydCrowder13
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Nitro Power said:

BoydCrowder13 said:

Onceaggie2.0 said:

According to boyd crowder extra $20 at the pump is all good


Just not that big of a deal for most people. Irritating? Sure. But if $20 a month in gas is going to break your budget, you are living dangerously on the edge.

Gas taxes suck though. I am okay with fuel prices being higher if it helps Houston or Texas based energy companies. Gas tax only helps the government.

That being said, I guess if you had to raise taxes I'd rather it be a consumption or flat tax than a progressive tax.

Gas prices (while annoying) don't move the needle for me as much as home insurance, property taxes, car insurance, etc. Those tend to impact the budget a little more.

In summary, these type of fuel increases only help the government. I prefer them to a progressive tax if those are the 2 options. They are irritating but not devastating to most people.
Yes, because the increased cost will ONLY show up when you purchase a tank of gas. Ignorance is bliss I guess.


It will show up other places. Though fuel prices will continue to ebb and flow. Just like they have for the last 20 years. Commodity prices can increase or decrease in a week.
Nitro Power
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BoydCrowder13 said:

Nitro Power said:

BoydCrowder13 said:

Onceaggie2.0 said:

According to boyd crowder extra $20 at the pump is all good


Just not that big of a deal for most people. Irritating? Sure. But if $20 a month in gas is going to break your budget, you are living dangerously on the edge.

Gas taxes suck though. I am okay with fuel prices being higher if it helps Houston or Texas based energy companies. Gas tax only helps the government.

That being said, I guess if you had to raise taxes I'd rather it be a consumption or flat tax than a progressive tax.

Gas prices (while annoying) don't move the needle for me as much as home insurance, property taxes, car insurance, etc. Those tend to impact the budget a little more.

In summary, these type of fuel increases only help the government. I prefer them to a progressive tax if those are the 2 options. They are irritating but not devastating to most people.
Yes, because the increased cost will ONLY show up when you purchase a tank of gas. Ignorance is bliss I guess.


It will show up other places. Though fuel prices will continue to ebb and flow. Just like they have for the last 20 years. Commodity prices can increase or decrease in a week.
What exactly is going to cause commodity prices to decrease at this point in time? The answer...not a damn thing. Adding any increased cost will simply compound the inflation we are experiencing.
BoydCrowder13
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Nitro Power said:

BoydCrowder13 said:

Nitro Power said:

BoydCrowder13 said:

Onceaggie2.0 said:

According to boyd crowder extra $20 at the pump is all good


Just not that big of a deal for most people. Irritating? Sure. But if $20 a month in gas is going to break your budget, you are living dangerously on the edge.

Gas taxes suck though. I am okay with fuel prices being higher if it helps Houston or Texas based energy companies. Gas tax only helps the government.

That being said, I guess if you had to raise taxes I'd rather it be a consumption or flat tax than a progressive tax.

Gas prices (while annoying) don't move the needle for me as much as home insurance, property taxes, car insurance, etc. Those tend to impact the budget a little more.

In summary, these type of fuel increases only help the government. I prefer them to a progressive tax if those are the 2 options. They are irritating but not devastating to most people.
Yes, because the increased cost will ONLY show up when you purchase a tank of gas. Ignorance is bliss I guess.


It will show up other places. Though fuel prices will continue to ebb and flow. Just like they have for the last 20 years. Commodity prices can increase or decrease in a week.
What exactly is going to cause commodity prices to decrease at this point in time? The answer...not a damn thing. Adding any increased cost will simply compound the inflation we are experiencing.


We will see. All it takes is Russia or Saudi to decide to turn on the spigot.
Cassius
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Correction said:

Weird, it's almost like the price of oil has recovered from the low $20's a year ago to the mid $60's as of today, now that a large chunk of last year's tremendous supply glut has been burned off and worldwide fuel demand has begun to approach pre-pandemic levels.

One might even notice that just getting back to this point required required OPEC+ to shut in millions of barrels/day of production and domestic US producers to slash hundreds of thousands of jobs and billions of dollars of planned CAPEX.

These threads are always hilarious, "Lib-tards are dummies and don't understand economics. Now why hasn't new POTUS kept gasoline as cheap as it was last year? Filling up my truck sucks now!"

wow, inflation is Carter level. the bold part is true.
Nitro Power
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BoydCrowder13 said:

Nitro Power said:

BoydCrowder13 said:

Nitro Power said:

BoydCrowder13 said:

Onceaggie2.0 said:

According to boyd crowder extra $20 at the pump is all good


Just not that big of a deal for most people. Irritating? Sure. But if $20 a month in gas is going to break your budget, you are living dangerously on the edge.

Gas taxes suck though. I am okay with fuel prices being higher if it helps Houston or Texas based energy companies. Gas tax only helps the government.

That being said, I guess if you had to raise taxes I'd rather it be a consumption or flat tax than a progressive tax.

Gas prices (while annoying) don't move the needle for me as much as home insurance, property taxes, car insurance, etc. Those tend to impact the budget a little more.

In summary, these type of fuel increases only help the government. I prefer them to a progressive tax if those are the 2 options. They are irritating but not devastating to most people.
Yes, because the increased cost will ONLY show up when you purchase a tank of gas. Ignorance is bliss I guess.


It will show up other places. Though fuel prices will continue to ebb and flow. Just like they have for the last 20 years. Commodity prices can increase or decrease in a week.
What exactly is going to cause commodity prices to decrease at this point in time? The answer...not a damn thing. Adding any increased cost will simply compound the inflation we are experiencing.


We will see. All it takes is Russia or Saudi to decide to turn on the spigot.
All I see is If's and But's from you. No real reasoning...

Let's try a different approach. In case you are not aware, supply chain across the board is a disaster. In many cases, it is a lack of raw materials; however, that only tells half of the story. In other scenarios the materials are ready to go, but you cannot get them shipped. Why does this matter? Simple supply and demand. Demand is up and supply is down, in regards to freight. ANY increased cost will give the freight companies cover to charge 4-5X + for freight. In turn that cost will be passed on through to the consumer.

So your $20 / month gas bill increase is a complete fallacy.
BoydCrowder13
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Nitro Power said:

BoydCrowder13 said:

Nitro Power said:

BoydCrowder13 said:

Nitro Power said:

BoydCrowder13 said:

Onceaggie2.0 said:

According to boyd crowder extra $20 at the pump is all good


Just not that big of a deal for most people. Irritating? Sure. But if $20 a month in gas is going to break your budget, you are living dangerously on the edge.

Gas taxes suck though. I am okay with fuel prices being higher if it helps Houston or Texas based energy companies. Gas tax only helps the government.

That being said, I guess if you had to raise taxes I'd rather it be a consumption or flat tax than a progressive tax.

Gas prices (while annoying) don't move the needle for me as much as home insurance, property taxes, car insurance, etc. Those tend to impact the budget a little more.

In summary, these type of fuel increases only help the government. I prefer them to a progressive tax if those are the 2 options. They are irritating but not devastating to most people.
Yes, because the increased cost will ONLY show up when you purchase a tank of gas. Ignorance is bliss I guess.


It will show up other places. Though fuel prices will continue to ebb and flow. Just like they have for the last 20 years. Commodity prices can increase or decrease in a week.
What exactly is going to cause commodity prices to decrease at this point in time? The answer...not a damn thing. Adding any increased cost will simply compound the inflation we are experiencing.


We will see. All it takes is Russia or Saudi to decide to turn on the spigot.
All I see is If's and But's from you. No real reasoning...

Let's try a different approach. In case you are not aware, supply chain across the board is a disaster. In many cases, it is a lack of raw materials; however, that only tells half of the story. In other scenarios the materials are ready to go, but you cannot get them shipped. Why does this matter? Simple supply and demand. Demand is up and supply is down, in regards to freight. ANY increased cost will give the freight companies cover to charge 4-5X + for freight. In turn that cost will be passed on through to the consumer.

So your $20 / month gas bill increase is a complete fallacy.
You need to work on your procurement/logistics department if you are getting 4X-5X cost increases pushed on you.

The real reasoning is that average oil prices have gone from:

2004 - $42/barrel
2008 - $100/barrel
2009 - $60/barrel
2013 - $98/barrel
2015 - $48/barrel
2018 - $65/barrel
2020 - $40/barrel
2021 - $71/barrel (today)

Prices have changed due to war, taxes, new innovations, pandemics, increases in demand, decreases in demand, recessions, trade agreements, etc.

Oil prices have a certainty of changing in the next 1-2 years pretty significantly. With demand peaking and supply chains coming back online and slowly filling backlog, the prices will likely drop again at some point.
Nitro Power
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It's obvious you are clueless, so I will leave you with this. The price per barrel of oil only tells part of the story. You are not accounting for anything else. Not the production cost, not the transportation cost, not the labor cost, all of which have gone up substantially. But please, continue with your charge of "oil / barrel is less than all time highs" nonsense.
Kvetch
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Now do inflation, artificial restriction of domestic drilling policy, increased reliance on imported fuel, and every other factor that has changed since Biden took office. Your attempt to remove any culpability from Democrat energy policy is stupid.

I bet you support the shutdown of the Keystone pipeline while also green lighting the Nordstream line to Russia. Even if you don't, you voted for it.
TAMUallen
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Guys...oil and gas actually costs less now due to inflation. We saved on hot dogs for 4th of July "bbq" too
BoydCrowder13
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DallasGrad18 said:

Now do inflation, artificial restriction of domestic drilling policy, increased reliance on imported fuel, and every other factor that has changed since Biden took office. Your attempt to remove any culpability from Democrat energy policy is stupid.

I bet you support the shutdown of the Keystone pipeline while also green lighting the Nordstream line to Russia. Even if you don't, you voted for it.
Voted for Trump, the Biden energy policies are idiotic and one of the main reason I voted against him, and the Keystone pipeline would have been nice to have been completed. Wish Trump had focused more heavily on completing it in his 4 years.

Anything else?
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sanangelo
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FAT SEXY said:

Less than a year in and Brandon already got the national average higher than at any point in the Trump presidency.

https://www.gasbuddy.com/charts


There. Fixed it.
San Angelo LIVE!
https://sanangelolive.com/
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LMCane
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FAT SEXY said:

Go up?
Stay more/less the same?
Go down?

I know some of you benefit from higher priced oil, but the vast majority of us prefer cheaper gas.
this has stayed rather topical for 14 months
AggieRob93
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Magic City Wings said:

We fracked our way to ~$40 under Obama, I wouldn't expect anything different.
The Dems have fracked over America...again. This is not anything different.
aggieforester05
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I do not benefit from high oil prices as I have no financial incentive; however, this time I hope it goes higher and stays there for awhile. Biden/Democrat voters need to feel the pain of their poor decision making. Too bad it harms most of the rest of us as well, but the dumb ass liberal voters need a wake up call. Elections have consequences and the Democrat party seizing power in 2020 has turned out to be a disastrous sad state of affairs. They're so bad at decision making yet so good at creating propaganda to trick their moronic followers into believing their lies, that it's truly amazing.
WestTexAg12
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sts7049 said:

also, biden is going to have little if any influence over crude prices, and gas prices as a result.


Lol this guy.

WAYYYYYY THE F OFF
TooTall 06
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Stat Monitor Repairman said:

Biden be put out to pasture in a few months. Just wait for Harris to start a war somewhere in 2022. Book it.


This guy was pretty close…
coolerguy12
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Magic City Wings said:

We fracked our way to ~$40 under Obama, I wouldn't expect anything different.


Lot Y wishes he could have takes as bad as yours.
backintexas2013
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Fantastic bump.
backintexas2013
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Want to revisit your post? Joe is doing great, right?
Raiderjay
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Biden is F'd on oil and I love it……stop importing Russian oil and gas prices skyrocket in US….

Don't stop importing Russian oil and the world scorns him for funding Putin

He was handed a self sustaining energy exporter industry and F'd it up…….
Marcus Brutus
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BoydCrowder13 said:

Nitro Power said:

BoydCrowder13 said:

Nitro Power said:

BoydCrowder13 said:

Nitro Power said:

BoydCrowder13 said:

Onceaggie2.0 said:

According to boyd crowder extra $20 at the pump is all good


Just not that big of a deal for most people. Irritating? Sure. But if $20 a month in gas is going to break your budget, you are living dangerously on the edge.

Gas taxes suck though. I am okay with fuel prices being higher if it helps Houston or Texas based energy companies. Gas tax only helps the government.

That being said, I guess if you had to raise taxes I'd rather it be a consumption or flat tax than a progressive tax.

Gas prices (while annoying) don't move the needle for me as much as home insurance, property taxes, car insurance, etc. Those tend to impact the budget a little more.

In summary, these type of fuel increases only help the government. I prefer them to a progressive tax if those are the 2 options. They are irritating but not devastating to most people.
Yes, because the increased cost will ONLY show up when you purchase a tank of gas. Ignorance is bliss I guess.


It will show up other places. Though fuel prices will continue to ebb and flow. Just like they have for the last 20 years. Commodity prices can increase or decrease in a week.
What exactly is going to cause commodity prices to decrease at this point in time? The answer...not a damn thing. Adding any increased cost will simply compound the inflation we are experiencing.


We will see. All it takes is Russia or Saudi to decide to turn on the spigot.
All I see is If's and But's from you. No real reasoning...

Let's try a different approach. In case you are not aware, supply chain across the board is a disaster. In many cases, it is a lack of raw materials; however, that only tells half of the story. In other scenarios the materials are ready to go, but you cannot get them shipped. Why does this matter? Simple supply and demand. Demand is up and supply is down, in regards to freight. ANY increased cost will give the freight companies cover to charge 4-5X + for freight. In turn that cost will be passed on through to the consumer.

So your $20 / month gas bill increase is a complete fallacy.
You need to work on your procurement/logistics department if you are getting 4X-5X cost increases pushed on you.

The real reasoning is that average oil prices have gone from:

2004 - $42/barrel
2008 - $100/barrel
2009 - $60/barrel
2013 - $98/barrel
2015 - $48/barrel
2018 - $65/barrel
2020 - $40/barrel
2021 - $71/barrel (today)

Prices have changed due to war, taxes, new innovations, pandemics, increases in demand, decreases in demand, recessions, trade agreements, etc.

Oil prices have a certainty of changing in the next 1-2 years pretty significantly. With demand peaking and supply chains coming back online and slowly filling backlog, the prices will likely drop again at some point.



Good lord. What a prediction!
Maroon Dawn
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I'd like to revisit my original post in this thread and see if they are finally tired of it

Maroon Dawn said:

Oh look

The same Libs and Concerned Moderates who told us Biden was NEVER going to interfere with fracking now telling us not to worry about energy costs

Seriously, do y'all EVER get tired of being puppets for the traitors?
Hydrocele_aggie
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Lol at Boyd crowder why am I not shocked ..be wary of his financial posts
Hydrocele_aggie
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Marcus Brutus said:

BoydCrowder13 said:

Nitro Power said:

BoydCrowder13 said:

Nitro Power said:

BoydCrowder13 said:

Nitro Power said:

BoydCrowder13 said:

Onceaggie2.0 said:

According to boyd crowder extra $20 at the pump is all good


Just not that big of a deal for most people. Irritating? Sure. But if $20 a month in gas is going to break your budget, you are living dangerously on the edge.

Gas taxes suck though. I am okay with fuel prices being higher if it helps Houston or Texas based energy companies. Gas tax only helps the government.

That being said, I guess if you had to raise taxes I'd rather it be a consumption or flat tax than a progressive tax.

Gas prices (while annoying) don't move the needle for me as much as home insurance, property taxes, car insurance, etc. Those tend to impact the budget a little more.

In summary, these type of fuel increases only help the government. I prefer them to a progressive tax if those are the 2 options. They are irritating but not devastating to most people.
Yes, because the increased cost will ONLY show up when you purchase a tank of gas. Ignorance is bliss I guess.


It will show up other places. Though fuel prices will continue to ebb and flow. Just like they have for the last 20 years. Commodity prices can increase or decrease in a week.
What exactly is going to cause commodity prices to decrease at this point in time? The answer...not a damn thing. Adding any increased cost will simply compound the inflation we are experiencing.


We will see. All it takes is Russia or Saudi to decide to turn on the spigot.
All I see is If's and But's from you. No real reasoning...

Let's try a different approach. In case you are not aware, supply chain across the board is a disaster. In many cases, it is a lack of raw materials; however, that only tells half of the story. In other scenarios the materials are ready to go, but you cannot get them shipped. Why does this matter? Simple supply and demand. Demand is up and supply is down, in regards to freight. ANY increased cost will give the freight companies cover to charge 4-5X + for freight. In turn that cost will be passed on through to the consumer.

So your $20 / month gas bill increase is a complete fallacy.
You need to work on your procurement/logistics department if you are getting 4X-5X cost increases pushed on you.

The real reasoning is that average oil prices have gone from:

2004 - $42/barrel
2008 - $100/barrel
2009 - $60/barrel
2013 - $98/barrel
2015 - $48/barrel
2018 - $65/barrel
2020 - $40/barrel
2021 - $71/barrel (today)

Prices have changed due to war, taxes, new innovations, pandemics, increases in demand, decreases in demand, recessions, trade agreements, etc.

Oil prices have a certainty of changing in the next 1-2 years pretty significantly. With demand peaking and supply chains coming back online and slowly filling backlog, the prices will likely drop again at some point.



Good lord. What a prediction!
LMCane
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Salute CornPops Message said:

Biden is F'd on oil and I love it……stop importing Russian oil and gas prices skyrocket in US….

Don't stop importing Russian oil and the world scorns him for funding Putin

He was handed a self sustaining energy exporter industry and F'd it up…….
Biden's plan is to sell us out to the Iranians this week for THEIR oil

then it will be up to the GOP to point out that the billions of dollars Biden is giving to Iran, are then going to buy billions of dollars worth of Russian weapons, grain, wheat and other services.
Marcus Brutus
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Speaking of Boyd. I've seen him on the board today, but he's ignoring this thread.
Dan Scott
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American oil companies are stronger financially now than in the last 5 years.
Hydrocele_aggie
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Marcus Brutus said:

Speaking of Boyd. I've seen him on the board today, but he's ignoring this thread.


He's a tough guy surely he will show up here
DrEvazanPhD
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Dan Scott said:

American oil companies are stronger financially now than in the last 5 years.


Because the strong survived negative oil. We've learned. And we fear Biden
BoydCrowder13
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Hydrocele_aggie said:

Marcus Brutus said:

Speaking of Boyd. I've seen him on the board today, but he's ignoring this thread.


He's a tough guy surely he will show up here


Didn't see the call out. There are about 15 threads about the price of gas. I was certainly dead wrong on this one. I'm fine eating crow on that! Silver lining is that it will have a significant effect on midterms.

Though I believe the prediction I made above is that "oil prices have a certainty of changing in the next 1-2 years pretty significantly" based on war, taxes, new innovations, etc. I'm fine standing behind that prediction.
samurai_science
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crob
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Aggie4Life02 said:

More concerned about freedoms under a Biden presidency.
Only abortions are allowed freedom comrade.
 
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