Gas Prices In Your Town

[MTSkiBum]

6 minutes ago, cyclone24 said:

The Inflation Reduction Act (IRA) of 2022 included two main provisions that directly or indirectly imposed new costs on the oil and gas sector, with potential (though limited) pass-through effects on gasoline prices:

1. Reinstatement and Increase of the Hazardous Substance Superfund Excise Tax on Petroleum

•  This revived a long-expired excise tax on domestic crude oil received at U.S. refineries and on imported petroleum products.

•  Rate: 16.4 cents per barrel (indexed for inflation thereafter), effective January 1, 2023. (For context, the prior expired rate was 9.7 cents per barrel.)
 

 

uh huh

 

Ok, you got me. There are 42 gallons in a barrel and he raised the tax on a barrel from 9.7 to 16.4, this is raising the fees on a gallon of oil a whole 1 and a half pennies. 

I did not consider this, but does this really matter?

 

Edit, my math was bad. They raised the price on gallon of oil by .15 pennies. Not by a whole penny. 

 

[MTSkiBum]

1 hour ago, cyclone24 said:

Of course, but I’m referring more globally as a philosophy. Biden‘s administration did all it could to kill it off, which certainly is not going to help prices go down. 
 

That’s why I was saying it’s pretty rich for them now to complain about gas prices that are still far lower than when Biden left when it’s not something their party even wanted anyway

 

Oil production peaked in late 2023 and has remained steady since then. This is a lag from the drilling rig count because it takes a while from start of drilling until oil actually gets produced. 

However, I expect another spike in domestic oil production/rig count because I would have to imagine all of our oil producers are salivating over 100+ dollars a bbl. There are profits to be made right now if they can ramp up production fast enough. 

https://www.eia.gov/dnav/pet/hist/leafhandler.ashx?n=pet&s=mcrfpus2&f=m

[The Psychic Observer]

8 minutes ago, MTSkiBum said:

The inflation reduction act caused inflation ironically enough, however gasoline tax's/fees has remained the same since Clinton or Reagan or something like that. 

This is easily verified. 

Please verify what happened to the inflation rate after the inflation reduction act was passed.

[cyclone24]

16 minutes ago, thegeneral said:

Biden didn’t get a pass for gas prices. It was talked about all the time. They were driven up largely by post Covid reopening and then Ukraine war. Your post shows that in the prices per year.

Trump in turn doesn’t get a pass for mismanaging this badly and having us in this spot.

Hopefully this can be unwound.

It’s ok to acknowledge these things. 

 

It’s hard to say he was blasted for gas prices when his entire policy form was to get rid of gas because that’s what your party wanted. EV mandates, emission mandates, increased regulations, were all things designed to push people to this Greene energy that your party wanted. So a little hard to say he was getting blasted for it. 
 

And yes, you guys used Covid as a crutch like I said in a war we weren’t involved in that has caused us billions and hundreds of thousands of lives that’s still not going to win. But Trump’s price is going up. That’s actually doing some good he gets eviscerated for.

EVISCERATED!!!  

So yeah, this temporary raise and prices to hammer down Iran for the foreseeable future? I’m perfectly OK with that. It’s temporary and by people showing prices not that astronomical comparatively to when gas is essentially the same. 

[MTSkiBum]

2 minutes ago, cyclone24 said:

It’s hard to say he was blasted for gas prices when his entire policy form was to get rid of gas because that’s what your party wanted. EV mandates, emission mandates, increased regulations, were all things designed to push people to this Greene energy that your party wanted. So a little hard to say he was getting blasted for it. 
 

 

 

If that was the policy of the administration, please explain why drilling rigs increased by 50% in US and why oil production went up as per my last 2 posts. 

You have drank the kool-aid, years ago you used to be one of the handful of posters who could see topics from both sides and now you are full on propaganda and attacking any decision from the other side and defending the republicans like it is your sports team. 

[cyclone24]

9 minutes ago, MTSkiBum said:

 

If that was the policy of the administration, please explain why drilling rigs increased by 50% in US and why oil production went up as per my last 2 posts. 

You have drank the kool-aid, years ago you used to be one of the handful of posters who could see topics from both sides and now you are full on propaganda and attacking any decision from the other side and defending the republicans like it is your sports team. 

OK, OK stop. Again, this is pure revisionist history. I can’t fathom why you guys are even trying to make it sound like Biden was this pro gasoline get prices as low as they can president because he just wasn’t
 

He was canceling Keystone as soon as he got into office like the very first thing he possibly could do. He increased regulations which made it more difficult and put a pause on drilling on new land. 
 

I don’t mind having rational discussions when they hit on things that are somewhat debatable, but we have to sit here and waste our time arguing with board libs that Iran was an actual threat to our country in our allies for the last 40 years and that Biden wasn’t pro-gasoline by any stretch of the imagination.

So who’s actually drinking the Kool-Aid here?

[thegeneral]

14 minutes ago, cyclone24 said:

It’s hard to say he was blasted for gas prices when his entire policy form was to get rid of gas because that’s what your party wanted. EV mandates, emission mandates, increased regulations, were all things designed to push people to this Greene energy that your party wanted. So a little hard to say he was getting blasted for it. 
 

And yes, you guys used Covid as a crutch like I said in a war we weren’t involved in that has caused us billions and hundreds of thousands of lives that’s still not going to win. But Trump’s price is going up. That’s actually doing some good he gets eviscerated for.

EVISCERATED!!!  

So yeah, this temporary raise and prices to hammer down Iran for the foreseeable future? I’m perfectly OK with that. It’s temporary and by people showing prices not that astronomical comparatively to when gas is essentially the same. 

The price of gas (and everything) was a major point of contention when Biden was Prez. That comes with the job. The push for EV’s and whatever they were saying about green energy had little effect, it was global issues that largely caused it. 

It’s TBD how this war impacts Iran’s future leadership and how they act. The war and the closure of the Strait is of course causing the price spike. 

You can choose of course to feel whatever way you like about this but you should be honest about what happened and not use opinion.

 

 

[MTSkiBum]

5 minutes ago, cyclone24 said:

OK, OK stop. Again, this is pure revisionist history. I can’t fathom while you guys are even trying to make it sound like Biden was this pro gasoline get prices as low as they can president because he just wasn’t
 

He was canceling Keystone as soon as he got into office like the very first thing he possibly could do. He increased regulations which made it more difficult and put a pause on drilling on new land. 
 

I don’t mind having rational discussions when they hit on things that are somewhat debatable, but we have to sit here and waste. Our time arguing that I ran was an actual threat to our country in our allies for the last 40 years and that Biden wasn’t pro-gasoline by any stretch of the imagination.

So who’s actually drinking the Kool-Aid here?

 

Keystone pipeline was incredibly unpopular amongst democrats, so Biden did play a part in killing that, however drilling did greatly expand while he was in office. To be fair he suffered from dementia, but his decision making process could be described as flip/flopping. When the public started crying about gas prices then drilling expanded greatly. 

Hardly the policy of someone who was anti-oil. 

[MTSkiBum]

22 minutes ago, The Psychic Observer said:

Please verify what happened to the inflation rate after the inflation reduction act was passed.

It went up, and economists directly tied some of the inflation directly to the inflation reduction act. However, this is not a topic that interests me like oil/gas prices. I don't want to research articles to find out exactly how much inflation was caused by the bill. 

[MikeMatt]

2 hours ago, Red White and Blue said:

Around $4/gallon here.

I know. Fock. I paid $3.59 last Sunday here and went to South Jersey and it was $4.09. I usually fill up in NJ before coming home (usually cheaper). 

[cyclone24]

4 minutes ago, MTSkiBum said:

 

Keystone pipeline was incredibly unpopular amongst democrats, so Biden did play a part in killing that, however drilling did greatly expand while he was in office. To be fair he suffered from dementia, but his decision making process could be described as flip/flopping. When the public started crying about gas prices then drilling expanded greatly. 

Hardly the policy of someone who was anti-oil. 

This isn’t really all that difficult. Which party is drill, baby drill, and which one would like to see green energy, which would kill gasoline?

so a little hard to say because this is a very obvious answer to say one was helping oil when they in fact, we’re doing everything they could to kill it.

[cyclone24]

7 minutes ago, thegeneral said:

The price of gas (and everything) was a major point of contention when Biden was Prez. That comes with the job. The push for EV’s and whatever they were saying about green energy had little effect, it was global issues that largely caused it. 

It’s TBD how this war impacts Iran’s future leadership and how they act. The war and the closure of the Strait is of course causing the price spike. 

You can choose of course to feel whatever way you like about this but you should be honest about what happened and not use opinion.

 

 

Pot meet kettle my friend. 
 

[The Psychic Observer]

3 minutes ago, MTSkiBum said:

It went up, and economists directly tied some of the inflation directly to the inflation reduction act. However, this is not a topic that interests me like oil/gas prices. I don't want to research articles to find out exactly how much inflation was caused by the bill. 

It's ok I'll do it for you

Event / Milestone		Date			Inflation Rate (CPI)
IRA Signed Into Law		August 2022		8.3%
3 Months Later			November 2022		7.1%
6 Months Later			February 2023		6.0%
1 Year Later			August 2023		3.7%

 

[thegeneral]

5 minutes ago, cyclone24 said:

Pot meet kettle my friend. 
 

Please look up US oil production per year while Biden was Prez.

MTskibum who must work in this industry broke down the impact per barrel from tax increases.

[MTSkiBum]

8 minutes ago, cyclone24 said:

This isn’t really all that difficult. Which party is drill, baby drill, and which one would like to see green energy, which would kill gasoline?

so a little hard to say because this is a very obvious answer to say one was helping oil when they in fact, we’re doing everything they could to kill it.

I don't believe the words out of politicians mouths, I look at their actions. 

[MTSkiBum]

5 minutes ago, The Psychic Observer said:

It's ok I'll do it for you

Event / Milestone		Date			Inflation Rate (CPI)
IRA Signed Into Law		August 2022		8.3%
3 Months Later			November 2022		7.1%
6 Months Later			February 2023		6.0%
1 Year Later			August 2023		3.7%

 

I don't believe that chart without a link to a study by an economist from a reputable organization such as MIT, Princeton, etc. 

Like I responded to cyclone, I don't believe the words that a poltician says and I don't trust random stats on the internet. Sorry. 

[cyclone24]

7 minutes ago, MTSkiBum said:

I don't believe the words out of politicians mouths, I look at their actions. 

Cool then you would agree that halting pipelines, increased regulations, this passionate push from the left for green energy, etc are harmful to gas speculation and prices….

And your 50% numbers you’re going from is post Covid. He basically went back to the production that it was before Covid, but not quite to the extent because of the policies.
Can’t really make it sound like he was this big oil and let’s increase all these rigs. He used the reserves. 

[The Psychic Observer]

4 minutes ago, MTSkiBum said:

I don't believe that chart without a link to a study by an economist from a reputable organization such as MIT, Princeton, etc. 

Like I responded to cyclone, I don't believe the words that a poltician says and I don't trust random stats on the internet. Sorry. 

The data is the data.  It can't be argued.  If you don't trust it then I don't know what to tell you.

Now the real argument is, was the IRA a contributor to the lowering of inflation?  This is where there is room for debate.

But there is no debate that inflation decreased following the IRA, whether it was a result of the IRA or something else, it happened.  You don't need an economist from MIT to read the data to you.

[MTSkiBum]

7 minutes ago, cyclone24 said:

Cool then you would agree that (1)halting pipelines,(2) increased regulations, (3)this passionate push from the left for green energy, etc are harmful to gas speculation and prices….

And your 50% numbers you’re going from is post Covid. He basically went back to the production that it was before Covid, but not quite to the extent because of the policies.
Can’t really make it sound like he was this big oil and let’s increase all these rigs. He used the reserves. 

1. The stopping of the keystone pipeline actually helped lower the price of gasoline in north-central US. The reason this is the case is because Canada wanted to sell their oil on the global market, the pipeline was to get the oil sands to gulf coast refineries where the majority of refined goods is exported to global markets. However, since they could not get their oil to global market they were actually forced to sell it more locally to northern US at suppressed prices. 

2. This seems like a talking point, I know Biden's administration banned some areas from drilling that would never have been drilled anyways. But there were no new regulations on the oil/gas industry that effected us the last 4 years. 

3. How would green energy hurt gas prices? Wouldn't it lower the price of gasoline.

If you keep supply the same and lower demand it decreases price. Adding green energy to the grid and having a percentage of the population that is able to switch to electric vehicles would be good for gasoline prices, however it would have opposite effect on electricity prices. 

If you increase the demand of electricity by adding electric vehicles to the grid, then it would be upward pressure on electricity prices without adding additional electricity supply. 

 

 

Sorry, going to have to get back to work. If you respond, I won't answer until much later today. 

[Hawkeye21]

53 minutes ago, The Psychic Observer said:

The data is the data.  It can't be argued.

Well, that's not true.  Data gets argued all the time.  It depends where it comes from and it's context.

[The Psychic Observer]

3 minutes ago, Hawkeye21 said:

Well, that's not true.  Data gets argued all the time.  It depends where it comes from and it's context.

well just because it happens doesn't make it right.  You think CPI data during the Biden term was fraudulent?

[Sean Mooney]

2 hours ago, cyclone24 said:

Annual averages (regular gasoline, EIA-based):

•  2021: ~$3.01–$3.09

•  2022: ~$3.95–$4.06 (highest annual average on record)

•  2023: ~$3.52–$3.63

•  2024: ~$3.30–$3.43

•  Overall term average: Approximately $3.45–$3.60 per gallon across Biden’s four years, the highest for any full presidential term in modern U.S. history (nominal dollars).
 

 

I’ll also note this is a temporary raise in prices that’s done defending allies and removing a major sponsor of terror. Gas prices under Biden were the result of his policies and nothing else. 
 

It’s a little comical to even try to compare them as if they are on the same playing field

I will just point out that when Russia invaded Ukraine and gas prices spiked I said many times here about how the supply of oil was being hurt and that was raising prices unnaturally at that time. I was repeatedly told by the many MAGA folks here that international things had nothing to do with it and it was all Biden's fault. I find it humorous that people don't want to throw a large portion of this at Trump right now. 

[Hawkeye21]

12 minutes ago, The Psychic Observer said:

well just because it happens doesn't make it right.  You think CPI data during the Biden term was fraudulent?

I think data can be skewed and biased.

[Hawkeye21]

1 minute ago, Sean Mooney said:

I will just point out that when Russia invaded Ukraine and gas prices spiked I said many times here about how the supply of oil was being hurt and that was raising prices unnaturally at that time. I was repeatedly told by the many MAGA folks here that international things had nothing to do with it and it was all Biden's fault. I find it humorous that people don't want to throw a large portion of this at Trump right now. 

What would averages be like without California?  That whole state is whack. 

[cyclone24]

1 minute ago, Sean Mooney said:

I will just point out that when Russia invaded Ukraine and gas prices spiked I said many times here about how the supply of oil was being hurt and that was raising prices unnaturally at that time. I was repeatedly told by the many MAGA folks here that international things had nothing to do with it and it was all Biden's fault. I find it humorous that people don't want to throw a large portion of this at Trump right now. 

I don’t think anybody would debate you that these types of military actions negatively affect gas prices. I guess the one caveat I would say is one was done funding a war that had nothing to do with us. That’s a losing war that cost us billions of dollars. This one will cost a lot, but we’re removing the largest sponsor of terror in the world that is constantly trying to kill us in our allies for decades.
Are either of them great? No but if I’m going to pick one, I’m gonna pick the one we’re in now.

[weepaws]

America losing

[Sean Mooney]

44 minutes ago, cyclone24 said:

I don’t think anybody would debate you that these types of military actions negatively affect gas prices. I guess the one caveat I would say is one was done funding a war that had nothing to do with us. That’s a losing war that cost us billions of dollars. This one will cost a lot, but we’re removing the largest sponsor of terror in the world that is constantly trying to kill us in our allies for decades.
Are either of them great? No but if I’m going to pick one, I’m gonna pick the one we’re in now.

Oh they 100% debated me on it and said it was solely Biden spiking gas prices and the Russia stuff had nothing to do with it. 

[Grace Under Pressure]

Putin invades Ukraine, gas goes up, MAGA blames Biden.

Trump invades Iran (unprovoked, for no reason at all), gas goes up, MAGA defends Trump.

Dumbest and most gullible. 

[cyclone24]

4 minutes ago, Grace Under Pressure said:

Putin invades Ukraine, gas goes up, MAGA blames Biden.

Trump invades Iran (unprovoked, for no reason at all), gas goes up, MAGA defends Trump.

Dumbest and most gullible. 

Not that you had a lot of credibility, but the unprovoked for no reason at all, basically removes you from any rational conversation about this.  
 

Yep, poor little Iran just minding their own business. Big mean orange man bad just blew them up for no reasons.
 

[Grace Under Pressure]

List the provocations that necessitated us attacking Iran at this exact moment in time. 

[Sean Mooney]

2 hours ago, cyclone24 said:

OK, OK stop. Again, this is pure revisionist history. I can’t fathom why you guys are even trying to make it sound like Biden was this pro gasoline get prices as low as they can president because he just wasn’t
 

He was canceling Keystone as soon as he got into office like the very first thing he possibly could do. He increased regulations which made it more difficult and put a pause on drilling on new land. 
 

I don’t mind having rational discussions when they hit on things that are somewhat debatable, but we have to sit here and waste our time arguing with board libs that Iran was an actual threat to our country in our allies for the last 40 years and that Biden wasn’t pro-gasoline by any stretch of the imagination.

So who’s actually drinking the Kool-Aid here?

FWIW- the US field production of crude oil, or Barrels per day...increased over the span of Biden's time.

In January of 2021 the amount of oil in Thousand Barrels per Day was at 11, 156. (this would have been the last month Trump 45 would have been a part of)

January of 2022 it was 11,451

January of 2023 it was 12,640

January of 2024 it was 12, 517

January of 2025 it was 13, 140 (last month Biden would've been part of)

In Trump 47'S first year in office the amount of oil produced rose 7 times, and fell 4 times from month to month.

 

If Biden was trying to kill off oil- he did a really poor job of it. 

[cyclone24]

1 minute ago, Sean Mooney said:

FWIW- the US field production of crude oil, or Barrels per day...increased over the span of Biden's time.

In January of 2021 the amount of oil in Thousand Barrels per Day was at 11, 156. (this would have been the last month Trump 45 would have been a part of)

January of 2022 it was 11,451

January of 2023 it was 12,640

January of 2024 it was 12, 517

January of 2025 it was 13, 140 (last month Biden would've been part of)

In Trump 47'S first year in office the amount of oil produced rose 7 times, and fell 4 times from month to month.

 

If Biden was trying to kill off oil- he did a really poor job of it. 

Yeah, but you’re going from post Covid like I mentioned earlier. Everything shut down…So once everything got back up and running yeah you have to produce a ton more. But even the levels he got back to still didn’t recover quite up to the amount that they were going at was the point I was making. 

[The Psychic Observer]

3 minutes ago, cyclone24 said:

Yeah, but you’re going from post Covid like I mentioned earlier. Everything shut down…So once everything got back up and running yeah you have to produce a ton more. But even the levels he got back to still didn’t recover quite up to the amount that they were going at was the point I was making. 

The highest level of oil production Trump ever got to was 12,983 in Dec 2019.  Biden hit 13,000 in 2023, and every month thereafter minus one until he left office at 13,656

https://www.eia.gov/dnav/pet/hist/leafhandler.ashx?n=pet&s=mcrfpus2&f=m

Your point was wrong, basically removes you from any rational conversation about this

[Grace Under Pressure]

17 minutes ago, Grace Under Pressure said:

List the provocations that necessitated us attacking Iran at this exact moment in time. 

Narrator: In fact, no provocations were listed. 

[Sean Mooney]

1 minute ago, cyclone24 said:

Yeah, but you’re going from post Covid like I mentioned earlier. Everything shut down…So once everything got back up and running yeah you have to produce a ton more. But even the levels he got back to still didn’t recover quite up to the amount that they were going at was the point I was making. 

2019 the average production: 12,311

let's cut out 2020 and 2021 because of COVID stuff:

2022: 12,001

2023: 12,941

2024: 13,234

Yes from May  of 2020 to March of 2021 there was an unnatural low...but from there was a mostly a recovery of producing oil meeting the at that time reduced demand.

2025: 13,584

[cyclone24]

3 minutes ago, The Psychic Observer said:

The highest level of oil production Trump ever got to was 12,983 in Dec 2019.  Biden hit 13,000 in 2023, and every month thereafter minus one until he left office at 13,656

https://www.eia.gov/dnav/pet/hist/leafhandler.ashx?n=pet&s=mcrfpus2&f=m

Your point was wrong, basically removes you from any rational conversation about this

Lol again, you had a pandemic in an invasion of Ukraine so oil production had to be done. So you’re trying to compare high demand when under Trump that demand has not been like that or needed to be.
 

Which is why you probably didn’t include how many are getting produced today

[The Psychic Observer]

12 minutes ago, cyclone24 said:

Lol again, you had a pandemic in an invasion of Ukraine so oil production had to be done. So you’re trying to compare high demand when under Trump that demand has not been like that or needed to be.
 

Which is why you probably didn’t include how many are getting produced today

Biden was producing more oil than Trump ever did.  Can you admit that?

[cyclone24]

16 minutes ago, The Psychic Observer said:

Biden was producing more oil than Trump ever did.  Can you admit that?

You’re trying to take it in a vacuum, which is disingenuous.
 

 

[The Psychic Observer]

9 minutes ago, cyclone24 said:

You’re trying to take it in a vacuum, which is disingenuous.
 

 

Strange tactic to produce the most oil ever in history while doing everything they can to kill gasoline cars don't you think?

[cyclone24]

30 minutes ago, The Psychic Observer said:

Strange tactic to produce the most oil ever in history while doing everything they can to kill gasoline cars don't you think?

But again you’re taking numbers and I said this three times from a Russian invasion and Covid. He had no options to do anything else at that point. You’re trying to make it sound like he was this pro gas guy when none of his actual policies reflected that.