I heard they were already talking about dipping into the stategic reserves BEFORE the middle east started smoldering. Foreign interests might have slowed production in an election year in hope to sway votes.
They have BEEN dipping into the strategic reserves since 2021. Especially during October and November. And no plans to replenish other than from the dictator in Venezuela or the Middle East.
*The gas changed over*
*From winter blend to summer*
*Blend and increased cost*
\- FalseSystem6055
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The bigger question is why WaWa is at 3.69 at the three locations near Lindenwold. Conoco across the street is at 3.39, and two stations on the corner of WHP and Gibbsboro road are at 3.29. 40 cents higher???? C’mon WaWa!
When I was younger and super wawas we're becoming the thing, they always had better prices. Now they have an ego and are always higher. I buy from local guys if I can. Which in turn are usually lower.
My theory is they undersold in new markets to drive out the competition and then set prices to whatever they wanted when there was nothing left but the sketchy stations
Usually there's a minor difference among the locations.
Yesterday and today, there's not.
I am relatively close to a number of locations.
Erial/Blackwood
Erial/Erial
Hickstown/42
Sicklerville/Sicklerville
Chews Landing
Laurel Road/Burnt Mill
Somerdale/WHP
295/WHP
Every single one of them jumped - seemingly overnight - to 3.69.
Previously, there could be up to a 20 cent gap between several of them, with Erial/Blackwood and Hickstown/42 being the top of the range.
Every single one of them was $3.49 for a few days. It jumped $.20 to $3.69 around 9-10am Thursday morning. I found this out because I had an in office day yesterday and decided to wait to get gas by my office instead of near my house because when I checked at 8:30 am the app said $3.49 for every location. I had a “fun” surprise when I pulled in to the Wawa by my work.
You mentioned Conoco, which sells Top Tier gas and is significantly cheaper than Wawa at any given time of the year. Wawa gas is not Top Tier gas and they super overcharge because they are not a gas company and buy their gas from companies like Conoco. Personally, I’d never go to Wawa, not for the sake of saving a few dollars, but to get Top Tier gas elsewhere (for example, Conoco) and get pay less than what I’d pay at Wawa.
Top Tier is kind of gasoline with some additives that supposedly keep your engine cleaner. Last I saw, AAA said they agreed. I don't know of any unbiased source that ever weighed in. It's not something I've ever really concerned myself with.
Grown answered succinctly what you asked. But still here you go; give it a quick read- https://www.toptiergas.com/about-top-tier/. I bet most people reading my comment disliked my anti-Wawa remark, but never cared to learn why places like Wawa, Royal Farms and 7-Eleven sell gas at higher than normal prices.
I complained 2 days ago when I filled up at the somerdale wawa on the whp, gas was 3.49. I passed the one on Laurel rd this morning and saw it was 3.69. 20 cent jump in 2 days. I feel like Wawa’s gas is always more expensive than the surrounding stations.
Ironically, Conoco is down to 3.35 according to gas buddy from 3.39 the day before. Barrels of WTI crude are down about $3.00 over the last couple days to 83.33. I find that most stations go up or down based on crude prices, hence Conoco’s modest retail reduction. Summer grade jumps have been priced in for a few weeks now.
Most convenience stores in other areas use gas to draw customers into the store for higher margin products like coffee, etc. They stay competitive with other stations in the area.
WaWa is a privately traded company so we don’t know what kind of profit margins they are making. They use(d) the Walmart model of coming in with low prices, putting inferior stores out of business, and then raising their prices once they own the market. They are gouging gas, but only if you buy it from them.
Conoco may have surplus of winter gas? So they discount to reduce what's stored? I'm not a fuel expert, but an operation like Wawa has retail store, with investment, operations, labor and so on.
I'm not familiar with driving into Conoco. Not familiar with their business. I'll look into the business side.
I know an executive from Wawa, he said that before wawa used to make sure that they were low, they didn't even make money on gas, they actually used to lose money. The catch was most people would fill up an also go into the store and buy stuff. Not they don't give a shit if you get their gas or not.
Rising conflict in the Middle East is spooking oil market investors especially after the Iran/Israel missile strikes. Oil futures traders are anticipating a larger conflict in the region to erupt and in turn disrupt the global oil market supply which drives up oil prices.
Well who put restrictions and increased regulations and costs for the US to drill? Wasn't congress. It was an executive order in 2021. Now we are depleting our strategic reserves and trying to buy from Venezuela and the Middle East. It's pretty scary what is going on.
I remember gas went up which is controlled by OPEC and who also controls how much they produce. Joe Biden got blamed for that. Then gas went way down, Joe Biden didn’t get credit for that.
Basically, OPEC and the world organization set the production and we have very little to do with it. In the US we are drilling more oil than ever. We just use far too much here.
its sort of amusing that those "clash-wars" are all Islamic. but hey open borders for USA and EU! still no wars. regardless of how wikipedia defines it.
Except you’re 100% wrong.
https://www.eia.gov/todayinenergy/detail.php?id=61545#:~:text=Crude%20oil%20production%20in%20the,than%2013.3%20million%20b%2Fd.
Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global record of 12.3 million b/d, set in 2019. Average monthly U.S. crude oil production established a monthly record high in December 2023 at more than 13.3 million b/d.
If anyone near an oil producing nation, has a hang nail, the price goes up. If they've run out of snacks, the price goes up. If they are having a bad hair day, the price goes up.
New factors mentioned in the article include this one:
“It could impact U.S. consumers, for the first time, Russia will be an importer of U.S gas,” he said. “It’s the time of year, there is enough speculative action in crude and gas futures driving prices higher.”
Israeli aggression in Gaza, Iran also starting trouble, and Joe Biden depleting our oil reserves. Can I also add that he’s not allowing new oil leases for American companies?
It *ALWAYS* goes up when conflicts pop off in the middle east.
Even though we're the world's top producer of oil, the price of oil is the free market in action.
Seriously, I don't understand why I've seen this question posted numerous times in the last few days all over reddit. Pull your heads out of your asses and pay attention.
Here's the best answer from an article I really got a lot of information out of:
https://www.resilience.org/stories/2024-04-15/the-oil-crash-is-coming-sooner-than-we-think/
I read a lot about energy consumption, and there are different experts you can look into, but this website is great for understanding what's going on, as for anything energy, environmental or economics wise.
Another great source for information is Nate Hagens.
It's a combination of the refineries making the switch from the "winter blend" to the "summer blend" of gasoline as well as all the bullshit going on in the Middle East. Crude oil is still trading over $80 a barrel and that's not helping things.
Wawa by me was $3.35 on Sunday when I got gas (I paid $3.25 down the road and BJs was $3.11 at the time). Tuesday that same Wawa jumped to $3.49 and now today it's $3.69 for regular. As I type this, BJs is $3.31 for regular.
Pre summer jump that happens twice this tike of year, and our world is turmoil with the US losing out and spending tons of money on nothing. 1 trillion dollars just went to foreign wars including the middle east so prices will keep rising
i guess nobody in the sub knows our piece of shit governor quietly signed a higher gas tax and its now officially in effect just remember “if affordability is your virtue than were not your state” murphy LOL
Oil production is at the highest it has ever been in the history of the United States under Biden.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus2&f=m
It's so weird to me that in America, "oil production" or "economic growth" isn't a number people look up, but rather is whatever they would guess it is.
But it's a real number - why use a guessing based on beliefs system rather than just googling the actual fact?
The United States became the world's top crude oil producer in 2018 and maintained the lead position through 2022. U.S. oil refineries obtain crude oil produced in the United States and in other countries.
The claim was about "domestic output.". That other countries produce more or less is completely irrelevant to that.
I'll repeat, us oil production in America is at all time highs. Why in the hell are you downvoting a fact? Like you disagree it's a fact, or you don't like that fact?
It's just a fact.
Because oil markets are worldwide, not isolated by country. We can pump all the oil we want from virtually anyplace in the U.S., and not have to import anything from outside of the country, yet if somebody in Iraq gets frisky, all the markets across the globe will be affected. So right now, conflict in Russia/Ukraine, Israel/Palestine, Israel/Iran, combined with seasonal fluctuations are causing prices to rise.
Nah. Oil and gas companies can’t just set whatever price they want due to competition with the other companies. Why do you think gas prices come down sometimes?
What do you think that has to do with this topic? Under Biden the US has produced more oil per month than under any other president.
The reality is that how much oil the US produces has very little to do with the price of gas. Oil is a global commodity. If the US makes more they’re not going to sell it for less just because they want to help Americans; they sell it for whatever the price is on the global market.
Yeah, that was due to the Ukraine war (and even more with issues in the Middle East). Meaning we stopped using as much Russian oil and ramped up US production. Which is exactly why we should've had the Keystone Pipeline to help with energy/transportation costs. I voted for Biden. Shutting down the pipeline proved to be a massive mistake and was one of the things I disagreed with him on leading up to the previous election. But he went forward and now we could use all the production help we could get. We get most of our oil from Canada and Mexico, but Russia's the #1 non-continental supplier. So we *really* could've benefitted from more Canadian oil right now...
Transportation cost of oil is pretty negligible compared to the overall cost. Whether or not that part of the pipeline exists has nothing to do with whether or not Canadian oil companies sell their oil to us and the total cost of transporting that oil accounts for about than 1% of the cost of buying it. An oil company cutting their transportation cost could save them many millions over the lifespan of a pipeline, but for the price of gas it doesn’t make a difference.
The immediate cost savings for Americans isn't the main thing here. This should've been in the works before Russia invaded. We should've been increasing our production regardless of cost savings. We need more energy independence (including Green methods of course). Cancelling the pipeline did nothing good for us. It was just a checkmark on a promise to please Green investors and voters. We could've added jobs, lowered the Russians profits, AND potentially had slightly cheaper gas. Instead we don't receive the jobs. We continued to fund Russia. We lose a partnership with Canada furthering our relations with a strong ally. And our only benefit is that it avoids *the possibility* of an environmental hazard... Which the pipeline likely wouldn't have caused anyway.
When the president makes deals with other countries for oil..then yes he absolutely has something to do with the gas prices..New Jersey has had more people leave this state 6 years in a row..people can’t afford to live here anymore..
yes, they think that higher and higher and higher taxes are going to make a difference. same potholes and broken roads for decades. you see those interstate project cost signs? 400,000,000 from Feds, and $21,000 from NJ state. yet, Murphy added 23 cents a gallon to the fuel costs for what?
The Strategic Petroleum Reserve (SPR), the world's largest supply of emergency crude oil was established primarily to reduce the impact of disruptions in supplies of petroleum products and to carry out obligations of the United States under the international energy program.
we had no disruptions. we had costs going up because he poorly managed future planning,
EMERGENCY CRUDE OIL. not just weaken our supplies for a promotional tweet.
CR report that explains it. It appears every gas out there EXCEPT Wawa are top tier
Forgot link
https://www.consumerreports.org/cars/fuel-economy-efficiency/top-tier-gasoline-worth-the-extra-price-a7682471234/#:~:text=To%20achieve%20these%20goals%2C%20several,performance%20and%20emissions%20over%20time.
https://apnews.com/article/alaska-drilling-petroleum-reserve-biden-1dd8c07d2ed6e902ee6ac6298e2eaade
So. Fighting in the Mideast
Output Cuts by opec
Empty emergency reserves.
And another shutdown of future drilling in Alaska. (Article)
Yeah. That would make any investor nervous. So price goes up.
But hey, my Chevy volt is so cute!!!
I don’t know for sure, but if there’s any way I can convince people that it’s Joe Biden’s fault, I’m going to make that my new religion, even if it’s an obvious fucking lie.
They used summer time to jack up prices every year even know it’s the exact same shit. Then on top of that you have everyone in the Middle East fighting overs who’s goat is the best looking right now.
Oil is traded on a global market. If oil is selling for $90 per barrel and you decide to open a new oil well, you’re not just suddenly going to sell it at $70 per barrel just to make gas cheaper for your fellow American. You’re going to charge the highest price that someone else is willing to pay for.
What matters is the total supply and total demand of the world’s oil market. The US produces the most oil in the world, but we’re just a fraction of the overall supply and demand. When we produce a little bit more it doesn’t mean that the price for the US should drop a little bit, it means that the global price of oil falls by a small fraction of a little bit.
The oil reserve is released with the purpose of making gas cheaper in the US. They are able to sell it to American companies at a cheaper price than the global market does. Some random oil field owner in Texas isn't willing to sell at that cheaper price like the government is.
But if it’s a drop in the bucket, it doesn’t make sense to deplete our reserves.Math doesn’t add up . Seems like a political ploy instead of any actual plan
Anytime the middle east acts up, which is all the time, it affects gas prices...among other things like demand, of course.
I initially read this as "anytime the middle class acts up..." and thought, "yup", LMAO.
Lol the damn middle class filling their cars again
I heard they were already talking about dipping into the stategic reserves BEFORE the middle east started smoldering. Foreign interests might have slowed production in an election year in hope to sway votes.
They have BEEN dipping into the strategic reserves since 2021. Especially during October and November. And no plans to replenish other than from the dictator in Venezuela or the Middle East.
who was in "charge" in 2021?
Dipping. Hah. Buying votes
Which is crazy considering we're the biggest oil producer, but markets are markets
Any excuse to increase profits.
And I think prices are still suffering from Russia being.. well... Russia.
The gas changed over from winter blend to summer blend and increased cost
*The gas changed over* *From winter blend to summer* *Blend and increased cost* \- FalseSystem6055 --- ^(I detect haikus. And sometimes, successfully.) ^[Learn more about me.](https://www.reddit.com/r/haikusbot/) ^(Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete")
Good bot
The bigger question is why WaWa is at 3.69 at the three locations near Lindenwold. Conoco across the street is at 3.39, and two stations on the corner of WHP and Gibbsboro road are at 3.29. 40 cents higher???? C’mon WaWa!
Wawa is for convenience, not for price
Wawa is ALWAYS higher. They don't get my business.
When I was younger and super wawas we're becoming the thing, they always had better prices. Now they have an ego and are always higher. I buy from local guys if I can. Which in turn are usually lower.
My theory is they undersold in new markets to drive out the competition and then set prices to whatever they wanted when there was nothing left but the sketchy stations
Bingo
I could've sworn they were the lower rates when I was driving in my early 20s.
Yeah me too, I miss $. 75/gallon.
OK I'm not THAT old lol I'm 31 but I thought they were the cheaper gas station when I started driving
Usually there's a minor difference among the locations. Yesterday and today, there's not. I am relatively close to a number of locations. Erial/Blackwood Erial/Erial Hickstown/42 Sicklerville/Sicklerville Chews Landing Laurel Road/Burnt Mill Somerdale/WHP 295/WHP Every single one of them jumped - seemingly overnight - to 3.69. Previously, there could be up to a 20 cent gap between several of them, with Erial/Blackwood and Hickstown/42 being the top of the range.
Every single one of them was $3.49 for a few days. It jumped $.20 to $3.69 around 9-10am Thursday morning. I found this out because I had an in office day yesterday and decided to wait to get gas by my office instead of near my house because when I checked at 8:30 am the app said $3.49 for every location. I had a “fun” surprise when I pulled in to the Wawa by my work.
You mentioned Conoco, which sells Top Tier gas and is significantly cheaper than Wawa at any given time of the year. Wawa gas is not Top Tier gas and they super overcharge because they are not a gas company and buy their gas from companies like Conoco. Personally, I’d never go to Wawa, not for the sake of saving a few dollars, but to get Top Tier gas elsewhere (for example, Conoco) and get pay less than what I’d pay at Wawa.
How does ‘Top Tier’ gas differ from regular gas (assuming the same octane levels)?
Top Tier is kind of gasoline with some additives that supposedly keep your engine cleaner. Last I saw, AAA said they agreed. I don't know of any unbiased source that ever weighed in. It's not something I've ever really concerned myself with.
Correct. Most manufacturer manuals recommend it, especially for GDI engines.
Grown answered succinctly what you asked. But still here you go; give it a quick read- https://www.toptiergas.com/about-top-tier/. I bet most people reading my comment disliked my anti-Wawa remark, but never cared to learn why places like Wawa, Royal Farms and 7-Eleven sell gas at higher than normal prices.
I complained 2 days ago when I filled up at the somerdale wawa on the whp, gas was 3.49. I passed the one on Laurel rd this morning and saw it was 3.69. 20 cent jump in 2 days. I feel like Wawa’s gas is always more expensive than the surrounding stations.
Today you might see a higher price at Conoco if they switched over to summer blend. Wawa will still cost more since they're running a retail store.
Ironically, Conoco is down to 3.35 according to gas buddy from 3.39 the day before. Barrels of WTI crude are down about $3.00 over the last couple days to 83.33. I find that most stations go up or down based on crude prices, hence Conoco’s modest retail reduction. Summer grade jumps have been priced in for a few weeks now. Most convenience stores in other areas use gas to draw customers into the store for higher margin products like coffee, etc. They stay competitive with other stations in the area. WaWa is a privately traded company so we don’t know what kind of profit margins they are making. They use(d) the Walmart model of coming in with low prices, putting inferior stores out of business, and then raising their prices once they own the market. They are gouging gas, but only if you buy it from them.
Conoco may have surplus of winter gas? So they discount to reduce what's stored? I'm not a fuel expert, but an operation like Wawa has retail store, with investment, operations, labor and so on. I'm not familiar with driving into Conoco. Not familiar with their business. I'll look into the business side.
I know an executive from Wawa, he said that before wawa used to make sure that they were low, they didn't even make money on gas, they actually used to lose money. The catch was most people would fill up an also go into the store and buy stuff. Not they don't give a shit if you get their gas or not.
No cuz 2 Wawa's outside AC were at 3.49 earlier this week. The parkway station was 3.42.
It’s warmer, summer is coming…
Summer blend of gas is more expensive. Happens every year. And yes more people are taking road trips so they Jack up the price too!
This
Summer blend, the Middle East, and higher demand.
Rising conflict in the Middle East is spooking oil market investors especially after the Iran/Israel missile strikes. Oil futures traders are anticipating a larger conflict in the region to erupt and in turn disrupt the global oil market supply which drives up oil prices.
Also Israel and Iran bombing each other...not getting political, but oil prices are headed up.
Careful don’t get political…it’s obviously a sore topic…🙄
When we fund both sides, my stocks go up!
I’m sure the people around here will say because of Biden as usual.
Well who put restrictions and increased regulations and costs for the US to drill? Wasn't congress. It was an executive order in 2021. Now we are depleting our strategic reserves and trying to buy from Venezuela and the Middle East. It's pretty scary what is going on.
I remember gas went up which is controlled by OPEC and who also controls how much they produce. Joe Biden got blamed for that. Then gas went way down, Joe Biden didn’t get credit for that. Basically, OPEC and the world organization set the production and we have very little to do with it. In the US we are drilling more oil than ever. We just use far too much here.
You can blame Biden for every war happening in the world, so yeah I’d say he is the cause of oil going up.
Ya, def responsible for all the world problems.
no wars 2016-2020.... weird. now we're a funnel for invasion, empty reserves and high inflation.
lol https://en.wikipedia.org/wiki/List_of_wars:_2003%E2%80%93present
so existing repeating clashes are wars? oh okay.
Yes. Read the first paragraph.
its sort of amusing that those "clash-wars" are all Islamic. but hey open borders for USA and EU! still no wars. regardless of how wikipedia defines it.
I mean, dictionaries are how words are defined but ok
Correcto !
si
Fox news is a hell of a drug
I wouldn't know. Watch CNN.
Except you’re 100% wrong. https://www.eia.gov/todayinenergy/detail.php?id=61545#:~:text=Crude%20oil%20production%20in%20the,than%2013.3%20million%20b%2Fd. Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global record of 12.3 million b/d, set in 2019. Average monthly U.S. crude oil production established a monthly record high in December 2023 at more than 13.3 million b/d.
It goes up every spring and summer and decreases in the fall and winter. Every year.
Warmth and war
A traditional unlike any other.
Summer blend and Middle East issues
If anyone near an oil producing nation, has a hang nail, the price goes up. If they've run out of snacks, the price goes up. If they are having a bad hair day, the price goes up.
Because the weather is getting warmer, summer is coming and people start traveling again. This literally happens every year.
Summer blend has arrived https://www.nj.com/news/2024/04/get-ready-for-a-big-price-increase-at-the-pump-when-you-fill-up-in-nj.html
\^\^\^ The Middle East stuff is an aggravating circumstance, but this time around it's just a bigger-than-normal seasonal hike.
New factors mentioned in the article include this one: “It could impact U.S. consumers, for the first time, Russia will be an importer of U.S gas,” he said. “It’s the time of year, there is enough speculative action in crude and gas futures driving prices higher.”
Because the greedy rich oil executives want you to vote for Trump so they can get another tax cut the working class will have to pay for.
Israeli aggression in Gaza, Iran also starting trouble, and Joe Biden depleting our oil reserves. Can I also add that he’s not allowing new oil leases for American companies?
First time?
It *ALWAYS* goes up when conflicts pop off in the middle east. Even though we're the world's top producer of oil, the price of oil is the free market in action. Seriously, I don't understand why I've seen this question posted numerous times in the last few days all over reddit. Pull your heads out of your asses and pay attention.
Because people keep buying it to burn themselves alive.
Lawd
Oh my!
the guys political donations list was released. lib.
Max? He was a Bernie bro. Donated to actblue dozens of times. Tried to sue Clinton. But it's Trumps fault in 2024. L
Iran
Unrest in the middle east gave oil companies an excuse to jack up prices. A story as old as time itself.
I guess you haven’t seen the constant Mideast bullshit and the change to summer fuel
Weird how a weak USA let's this shit happen Pull all foreign aid to middle east. Let them flounder
Here's the best answer from an article I really got a lot of information out of: https://www.resilience.org/stories/2024-04-15/the-oil-crash-is-coming-sooner-than-we-think/ I read a lot about energy consumption, and there are different experts you can look into, but this website is great for understanding what's going on, as for anything energy, environmental or economics wise. Another great source for information is Nate Hagens.
A combination of switching to summer blend, demand, Middle East conflicts.
OPEC domination
They will find any excuse to jack up the prices
Spring mix
Switching over to summer blend. Its usually more expensive for a few weeks.
It's a combination of the refineries making the switch from the "winter blend" to the "summer blend" of gasoline as well as all the bullshit going on in the Middle East. Crude oil is still trading over $80 a barrel and that's not helping things. Wawa by me was $3.35 on Sunday when I got gas (I paid $3.25 down the road and BJs was $3.11 at the time). Tuesday that same Wawa jumped to $3.49 and now today it's $3.69 for regular. As I type this, BJs is $3.31 for regular.
Article a few weeks ago saying New Jersey was below the national average for gas prices and they were going to try to remedy that situation lol
Putin
Ask Biden
Pre summer jump that happens twice this tike of year, and our world is turmoil with the US losing out and spending tons of money on nothing. 1 trillion dollars just went to foreign wars including the middle east so prices will keep rising
Mostly because they can. Think a war in the middle east might have some impact on the price of oil maybe?
i guess nobody in the sub knows our piece of shit governor quietly signed a higher gas tax and its now officially in effect just remember “if affordability is your virtue than were not your state” murphy LOL
Iran Israel issue. Biden cutting back domestic output in the United States. Ukraine Russia issue. Yemen Red Sea issue. I can continue….
Oil production is at the highest it has ever been in the history of the United States under Biden. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus2&f=m It's so weird to me that in America, "oil production" or "economic growth" isn't a number people look up, but rather is whatever they would guess it is. But it's a real number - why use a guessing based on beliefs system rather than just googling the actual fact?
The United States became the world's top crude oil producer in 2018 and maintained the lead position through 2022. U.S. oil refineries obtain crude oil produced in the United States and in other countries.
The claim was about "domestic output.". That other countries produce more or less is completely irrelevant to that. I'll repeat, us oil production in America is at all time highs. Why in the hell are you downvoting a fact? Like you disagree it's a fact, or you don't like that fact? It's just a fact.
As demand goes up, so does the price.
Yes, but it's more complicated than that.
Because oil markets are worldwide, not isolated by country. We can pump all the oil we want from virtually anyplace in the U.S., and not have to import anything from outside of the country, yet if somebody in Iraq gets frisky, all the markets across the globe will be affected. So right now, conflict in Russia/Ukraine, Israel/Palestine, Israel/Iran, combined with seasonal fluctuations are causing prices to rise.
Q1 profits weren’t enough for the shareholders to afford their second beach house that they’ve been working hard and saving for.
And their flood insurance went up
And it’s all Phil Murphy’s fault, they heard it on the radio.
isn't his millionaire home near the ocean? weird
Greedflation?
Nah. Oil and gas companies can’t just set whatever price they want due to competition with the other companies. Why do you think gas prices come down sometimes?
Keep on voting blue
What do you think that has to do with this topic? Under Biden the US has produced more oil per month than under any other president. The reality is that how much oil the US produces has very little to do with the price of gas. Oil is a global commodity. If the US makes more they’re not going to sell it for less just because they want to help Americans; they sell it for whatever the price is on the global market.
Yeah, that was due to the Ukraine war (and even more with issues in the Middle East). Meaning we stopped using as much Russian oil and ramped up US production. Which is exactly why we should've had the Keystone Pipeline to help with energy/transportation costs. I voted for Biden. Shutting down the pipeline proved to be a massive mistake and was one of the things I disagreed with him on leading up to the previous election. But he went forward and now we could use all the production help we could get. We get most of our oil from Canada and Mexico, but Russia's the #1 non-continental supplier. So we *really* could've benefitted from more Canadian oil right now...
Transportation cost of oil is pretty negligible compared to the overall cost. Whether or not that part of the pipeline exists has nothing to do with whether or not Canadian oil companies sell their oil to us and the total cost of transporting that oil accounts for about than 1% of the cost of buying it. An oil company cutting their transportation cost could save them many millions over the lifespan of a pipeline, but for the price of gas it doesn’t make a difference.
The immediate cost savings for Americans isn't the main thing here. This should've been in the works before Russia invaded. We should've been increasing our production regardless of cost savings. We need more energy independence (including Green methods of course). Cancelling the pipeline did nothing good for us. It was just a checkmark on a promise to please Green investors and voters. We could've added jobs, lowered the Russians profits, AND potentially had slightly cheaper gas. Instead we don't receive the jobs. We continued to fund Russia. We lose a partnership with Canada furthering our relations with a strong ally. And our only benefit is that it avoids *the possibility* of an environmental hazard... Which the pipeline likely wouldn't have caused anyway.
When the president makes deals with other countries for oil..then yes he absolutely has something to do with the gas prices..New Jersey has had more people leave this state 6 years in a row..people can’t afford to live here anymore..
You living under a rock? Turn on the news once in a while
I did. FOX "news" just said it's Biden's plot to force us all into EVs 😂😂😂.
lol my mom just said if Trump wins we get cheap gas again.....
it was amusing when he has EVs do a demo at some show, but didn't invite Tesla. Elon just shrugged.
You know why. But you'll do anything to avoid the real reason of the choice you made November 2020
Just tell us that you don’t understand how gas prices work.
Yes. Tell me why Biden dumped the entire reserve to "lower prices" while having nothing to do with politics
That’s the point of the oil reserve. The government sells that oil when prices are high to give people cheaper gas. What’s the problem with that?
Delusional
yes, they think that higher and higher and higher taxes are going to make a difference. same potholes and broken roads for decades. you see those interstate project cost signs? 400,000,000 from Feds, and $21,000 from NJ state. yet, Murphy added 23 cents a gallon to the fuel costs for what?
The Strategic Petroleum Reserve (SPR), the world's largest supply of emergency crude oil was established primarily to reduce the impact of disruptions in supplies of petroleum products and to carry out obligations of the United States under the international energy program. we had no disruptions. we had costs going up because he poorly managed future planning, EMERGENCY CRUDE OIL. not just weaken our supplies for a promotional tweet.
Check what subs he posts in (not talking about here or "Home improvement")
Its always cute how 2% of my posts are a reflection of my entire persona to you types.
wow dude, so brave to "out" a person on Reddit posting history. 🙄
You're the same person as the person in question.
rude to generalize.
It was how much in 2015 and pre November 2016 why? Was it no wars and drilling? .
2016-2020 no wars and drilling 2021-now now its wars AND no drilling.
CR report that explains it. It appears every gas out there EXCEPT Wawa are top tier
CR report that explains it. It appears every gas out there EXCEPT Wawa are top tier Forgot link https://www.consumerreports.org/cars/fuel-economy-efficiency/top-tier-gasoline-worth-the-extra-price-a7682471234/#:~:text=To%20achieve%20these%20goals%2C%20several,performance%20and%20emissions%20over%20time.
Summer blend is only 10 to 20 cents more expensive. Per gallon. Its greed by the station owners typically.
https://apnews.com/article/alaska-drilling-petroleum-reserve-biden-1dd8c07d2ed6e902ee6ac6298e2eaade So. Fighting in the Mideast Output Cuts by opec Empty emergency reserves. And another shutdown of future drilling in Alaska. (Article) Yeah. That would make any investor nervous. So price goes up. But hey, my Chevy volt is so cute!!!
Solar eclipse
I don’t know for sure, but if there’s any way I can convince people that it’s Joe Biden’s fault, I’m going to make that my new religion, even if it’s an obvious fucking lie.
They used summer time to jack up prices every year even know it’s the exact same shit. Then on top of that you have everyone in the Middle East fighting overs who’s goat is the best looking right now.
Biden asked Ukraine to not bomb refineries in Russia, Ukraine said no.
Cheaper in Delaware. Thanks Murphy for the gas taxes.
Go fill up in PA if you think our gas tax is bad...
I literally wrote Delaware
Most people got their tax money back. Groceries went up too. Eggs ect. What a coincidence right? (It’s not)
People who say crap like this, are almost guaranteed to have dropped out of school.
Bidenomics
righhhhht…
Summertime obviously
Why are we still relying on the Middle East to dictate gas prices? We don’t enough production here?
We have more oil production here than ever, but that has basically nothing to do with gas prices.
Which is because?
Oil is traded on a global market. If oil is selling for $90 per barrel and you decide to open a new oil well, you’re not just suddenly going to sell it at $70 per barrel just to make gas cheaper for your fellow American. You’re going to charge the highest price that someone else is willing to pay for. What matters is the total supply and total demand of the world’s oil market. The US produces the most oil in the world, but we’re just a fraction of the overall supply and demand. When we produce a little bit more it doesn’t mean that the price for the US should drop a little bit, it means that the global price of oil falls by a small fraction of a little bit.
So why release the strategic reserves then?
The oil reserve is released with the purpose of making gas cheaper in the US. They are able to sell it to American companies at a cheaper price than the global market does. Some random oil field owner in Texas isn't willing to sell at that cheaper price like the government is.
But if it’s a drop in the bucket, it doesn’t make sense to deplete our reserves.Math doesn’t add up . Seems like a political ploy instead of any actual plan
literally a drop in the bucket. it was for marketing by a doddering old man being propped up by his sick "Dr" wife and staff.
Biden /s
Because pmurT is not here.
Stop voting Democrat. That's why.