Why is gas going up now?
- Thread starter Chris142
- Start date
- Status
SPR is running low…
Nah, it’s one of those government agencies that requires handholding to actually serve its role of stabilizing prices.
The Energy Department Is Spoiling Biden’s Plan to Stabilize Oil Prices
The DOE appears reluctant to use the Strategic Petroleum Reserve to buy and sell crude oil in a way that would ‘step into a quasi-market management role.’
prospect.org
From what I’ve heard there are a bunch of cry babies in there and in congress that don’t want to set upper and lower targets like an investor or central bank would do.
Buy low sell high and given the mass of the reserve it would smooth out BS, sadly they are crying like babies and don’t want to follow simple instructions and continue to buy above target despite being told to stop months ago. Add to this congress is mandating sales and still the message isn’t getting through.
A commodities investor akin to the Fed bank would need to become the lead of that organization to hopefully clear out the bums and red tape.
Empirically I have decades of daily dated diesel and rug fuel prices from my then local stations .
Everytime diesel goes down in price gas prices go up, (including right now) when gas goes down in price diesel usually stays high. You could set a clock by the behavior but if you mention it everyone goes insane.
Only once have I got an honest answer that they make the same money one way or another.
Summer travel season as well.
Because they can basically.
Why has it done this for 20 years?
dnewton3
Staff member
Summer travel has a lot to do with it; higher demand.
Also, OPEC recently announced a cutback in production.
Law of economics; as demand goes up and supply goes down, prices henceforth rise.
Also, OPEC recently announced a cutback in production.
Law of economics; as demand goes up and supply goes down, prices henceforth rise.
Do you really believe this????
Zee09
$200 Site Donor 2023
Most news outlets claim it is going down despite OPEC. Here it is down 15 cents the last few days . Of course it's never cheap here.
So what exactly is your bright idea in places where diesel is cheaper than gas right now?Nah, it’s one of those government agencies that requires handholding to actually serve its role of stabilizing prices.
The Energy Department Is Spoiling Biden’s Plan to Stabilize Oil Prices
The DOE appears reluctant to use the Strategic Petroleum Reserve to buy and sell crude oil in a way that would ‘step into a quasi-market management role.’
From what I’ve heard there are a bunch of cry babies in there and in congress that don’t want to set upper and lower targets like an investor or central bank would do.
Buy low sell high and given the mass of the reserve it would smooth out BS, sadly they are crying like babies and don’t want to follow simple instructions and continue to buy above target despite being told to stop months ago. Add to this congress is mandating sales and still the message isn’t getting through.
A commodities investor akin to the Fed bank would need to become the lead of that organization to hopefully clear out the bums and red tape.
Empirically I have decades of daily dated diesel and rug fuel prices from my then local stations .
Everytime diesel goes down in price gas prices go up, (including right now) when gas goes down in price diesel usually stays high. You could set a clock by the behavior but if you mention it everyone goes insane.
Only once have I got an honest answer that they make the same money one way or another.
Diesel is cheaper than it’s been in several years, though gas is not
As I stated, it’s like clockwork, gas is going up and the diesel is indeed cheaper in this area.
When gas was getting cheaper (a while back) diesel was actually going up still, same behavior I’ve seen since 2001.
It always goes up around this time of year.
- Joined
- Jun 8, 2022
- Messages
- 5,572
It’s cheaper here on SC coast than it has been in a few months.
- Status
