What’s your fuel price limit?

[SuperX]

Not looking forward to the 1800+ mile drive to WI at the end of June pulling a trailer and getting less than 10 mpg....   

You might be have to sell the trailer in WI to pay for your trip home!

[lokidog]

Not looking forward to the 1800+ mile drive to WI at the end of June pulling a trailer and getting less than 10 mpg....   

You might be have to sell the trailer in WI to pay for your trip home!

The trailer will definitely be staying there....

[NRA4LIFE]

I drove there and back in Sep/Oct.  At least the gas gets a bit cheaper as you go east.

[lokidog]

I drove there and back in Sep/Oct.  At least the gas gets a bit cheaper as you go east.

Not so much this Spring. Two trips already, maybe 20-40 cents less across the country.

[Westside88]

Just returned from a coast to coast trip, 3,047 miles one way. Gas was pretty consistent all the way. Typically about .40 per gallon less than WA

[lokidog]

How's that 8.2% inflation working out for everyone driving?   

[Steadyhold]

When it hit $5 last week, I started taking the bus to work on as many days as possible. Employer pays my bus fare. Extra benefits so far include a hard work stop time and extra steps to/from the bus stop.


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[vandeman17]

I am very lucky to have my company vehicle so my truck stays parked all week and only moves on the weekends. These gas prices are insane

[greenhead_killer]

It seems they are going to intentionally continue to squeeze the middle and lower classes. Thanks again, biden voters. 100% on your shoulders. We have a trip to sd planned for later this summer. I’m gonna have to get a third job to afford gas by hunting season

[jackelope]

The Honda Civic market is going to be blowing up here shortly.

[idaho guy]

Buy the oil stocks, they are choosing to take the profit instead of increasing production so at least you can get some of your money back in dividends.

Notice how neither party is saying much to them about it..

   

or Joe could go talk with U.S. energy companies and convince them they are willing to work with them to increase oil production domestically instead of flying overseas and begging Saudi Arabia to pump more oil or Venezuala or etc. The administration has not had one conversation with US oil company execs but he's talked to every foreign dictator on the globe. Its difficult to convince people to invest in "dirty" energy infrastructure and development when your last action was to stop a pipeline that is half way built. Who wants to invest billions in 1/2 of a pipeline that goes nowhere? The administration declared war on the fossil fuel industry from day one. They need to reach out in the interest of national security and create a plan for domestic production. One where oil companies can have faith that new development wont be randomly halted with the stroke of a pen or an executive order. I did buy oil companies     

[WSU]

Buy the oil stocks, they are choosing to take the profit instead of increasing production so at least you can get some of your money back in dividends.

Notice how neither party is saying much to them about it..

You may very well pay for your increased fuel bills and then some, let alone get some back. 

[vandeman17]

Buy the oil stocks, they are choosing to take the profit instead of increasing production so at least you can get some of your money back in dividends.

Notice how neither party is saying much to them about it..

   

or Joe could go talk with U.S. energy companies and convince them they are willing to work with them to increase oil production domestically instead of flying overseas and begging Saudi Arabia to pump more oil or Venezuala or etc. The administration has not had one conversation with US oil company execs but he's talked to every foreign dictator on the globe. Its difficult to convince people to invest in "dirty" energy infrastructure and development when your last action was to stop a pipeline that is half way built. Who wants to invest billions in 1/2 of a pipeline that goes nowhere? The administration declared war on the fossil fuel industry from day one. They need to reach out in the interest of national security and create a plan for domestic production. One where oil companies can have faith that new development wont be randomly halted with the stroke of a pen or an executive order. I did buy oil companies   

I agree. Oil is traded on the open market by speculators who don't even have to take physical possesion of what they buy. I would wager a bet that Biden could schedule a meeting with all the oil execs, make sure all media catches wind of it and then take them out to dinner while having ZERO conversations about oil. The next day, oil would trade lower by $5 or more.

The point I am getting at is that oil is traded on what the traders feel like will happen with both supply and demand down the road. If the administration would even HINT that they might pull their heads out of the sand and discuss more domestic production, oil prices would decline and gas prices would follow

[woodswalker]

Buy the oil stocks, they are choosing to take the profit instead of increasing production so at least you can get some of your money back in dividends.

Notice how neither party is saying much to them about it..

   

or Joe could go talk with U.S. energy companies and convince them they are willing to work with them to increase oil production domestically instead of flying overseas and begging Saudi Arabia to pump more oil or Venezuala or etc. The administration has not had one conversation with US oil company execs but he's talked to every foreign dictator on the globe. Its difficult to convince people to invest in "dirty" energy infrastructure and development when your last action was to stop a pipeline that is half way built. Who wants to invest billions in 1/2 of a pipeline that goes nowhere? The administration declared war on the fossil fuel industry from day one. They need to reach out in the interest of national security and create a plan for domestic production. One where oil companies can have faith that new development wont be randomly halted with the stroke of a pen or an executive order. I did buy oil companies   

Look also into the business of petroleum products pipelines and pumping.  I am doing VERY well there with things being pumped all over the place.

[idaho guy]

Buy the oil stocks, they are choosing to take the profit instead of increasing production so at least you can get some of your money back in dividends.

Notice how neither party is saying much to them about it..

   

or Joe could go talk with U.S. energy companies and convince them they are willing to work with them to increase oil production domestically instead of flying overseas and begging Saudi Arabia to pump more oil or Venezuala or etc. The administration has not had one conversation with US oil company execs but he's talked to every foreign dictator on the globe. Its difficult to convince people to invest in "dirty" energy infrastructure and development when your last action was to stop a pipeline that is half way built. Who wants to invest billions in 1/2 of a pipeline that goes nowhere? The administration declared war on the fossil fuel industry from day one. They need to reach out in the interest of national security and create a plan for domestic production. One where oil companies can have faith that new development wont be randomly halted with the stroke of a pen or an executive order. I did buy oil companies   

I agree. Oil is traded on the open market by speculators who don't even have to take physical possesion of what they buy. I would wager a bet that Biden could schedule a meeting with all the oil execs, make sure all media catches wind of it and then take them out to dinner while having ZERO conversations about oil. The next day, oil would trade lower by $5 or more.

The point I am getting at is that oil is traded on what the traders feel like will happen with both supply and demand down the road. If the administration would even HINT that they might pull their heads out of the sand and discuss more domestic production, oil prices would decline and gas prices would follow

   

That is spot on. Market is always trying to price in 6 months from now. Any positive news from the administration on a friendlier approach to domestic production would have immediate effect  of lowering prices. You’re right, Just the thought of more supply in 6-12 months would create an immediate price reduction. It’s actually an easy solution for current administration but I’m not really hopefull.