Interest rates, Wall Street and the Stock Market, and other leading economic indicators are so much hype that doesn't affect most voters. What seems to stoke the pessimism in most is the fact that groceries are at an all-time high and not coming down any time soon. Lower gas prices help but we aren't seeing that in some states, such as W…
Interest rates, Wall Street and the Stock Market, and other leading economic indicators are so much hype that doesn't affect most voters. What seems to stoke the pessimism in most is the fact that groceries are at an all-time high and not coming down any time soon. Lower gas prices help but we aren't seeing that in some states, such as Washington State where I live. Even with refineries north of Seattle we are still paying around or above $4 a gallon for gas. Heating oil is above $5.
Have people forgotten that we have been in a post pandemic recovery? Does anyone stop to think what a knotted up mess Biden inherited? Added to the recovery was the normal, or should I say usual, price increases that would have been occurring if the pandemic had never happened.
Ps. I also live in northern Washington state and have been seeing meaningful reductions at the pump, as I have when I need to travel in Oregon.
I'm not sure how many refineries are on Colorado but their prices are below $2/gal.
Here in CA, we are hovering above $4/gal (some places are as high as $5).
Without evidence I think it's geographic price gouging. And it's quite possibly politically motivated. Stick those libs where it hurts, in the gas tank.
When was the last time you saw an oil and gas producer sanctioned for gouging?
California has a gasoline blend which I believe is also used in southern Nevada and portions of Washington State. There is a winter blend and a summer blend formula. It’s estimated to add 10 to 30 cents per gallon to the cost above that in most other states. The total federal, state and local taxes in CA run about $1.40 per gallon. This information is actually difficult to find on the internet because the first several Google search page results are heavily weighted by biased anti environmental petroleum industry posts and news media that repeats it along with clickbait outlier prices. California’s gasoline market suffers from lack of competition and usually several “unplanned “ refinery closures and production problems that mysteriously hits several refineries at the same time, usually twice per year. Most consumer oriented analysts will tell you there’s 60 to 70 cents of unexplained additional cost per gallon. It’s either the “we can get away with it” factor because it’s accepted and/or price gouging.
Other industry lies include distribution costs, as distributors will state all gas is trucked to stations from the refineries. This is BS because there are tank farms all over the state which are connected by pipelines. Gas prices are highest in large and mid-sized urban areas away from refineries but drop significantly in the middle of nowhere, except for the Imperial Valley and along the I-15 drive to Las Vegas.
Last spring I was being driven to the train station by a friend who said, "I saw a sticker on the gas pump today that said, 'Thanks Joe!' Bewildered, I asked, "Thanks for what?" My friend said (I think he thought he was being witty), "Biden raised gas prices! The sticker was sarcasm!" I looked at him and said, "Al, President Biden doesn't have anything to do with gas prices. We have a capitalist economy. Gas prices are set by the countries that export the oil, and by the refineries and the gas stations. Biden's got nothing to do with it." Poor Al was really flummoxed. I don't know if I changed his mind about anything, but I think I gave him something to think about until he turned Fox News on again.
Interest rates, Wall Street and the Stock Market, and other leading economic indicators are so much hype that doesn't affect most voters. What seems to stoke the pessimism in most is the fact that groceries are at an all-time high and not coming down any time soon. Lower gas prices help but we aren't seeing that in some states, such as Washington State where I live. Even with refineries north of Seattle we are still paying around or above $4 a gallon for gas. Heating oil is above $5.
Have people forgotten that we have been in a post pandemic recovery? Does anyone stop to think what a knotted up mess Biden inherited? Added to the recovery was the normal, or should I say usual, price increases that would have been occurring if the pandemic had never happened.
Ps. I also live in northern Washington state and have been seeing meaningful reductions at the pump, as I have when I need to travel in Oregon.
Magas certainly pretend to have forgotten that, yes. I remind them frequently.
I also like to ask what they think trump would have done to prevent any of it.
I'm interested in hearing what some of their answers are.
I'm not sure how many refineries are on Colorado but their prices are below $2/gal.
Here in CA, we are hovering above $4/gal (some places are as high as $5).
Without evidence I think it's geographic price gouging. And it's quite possibly politically motivated. Stick those libs where it hurts, in the gas tank.
When was the last time you saw an oil and gas producer sanctioned for gouging?
Doesn't California still have strick requirements for gasoline contents that require more steps, etc. in fuel production that can be pumped in state?
California has a gasoline blend which I believe is also used in southern Nevada and portions of Washington State. There is a winter blend and a summer blend formula. It’s estimated to add 10 to 30 cents per gallon to the cost above that in most other states. The total federal, state and local taxes in CA run about $1.40 per gallon. This information is actually difficult to find on the internet because the first several Google search page results are heavily weighted by biased anti environmental petroleum industry posts and news media that repeats it along with clickbait outlier prices. California’s gasoline market suffers from lack of competition and usually several “unplanned “ refinery closures and production problems that mysteriously hits several refineries at the same time, usually twice per year. Most consumer oriented analysts will tell you there’s 60 to 70 cents of unexplained additional cost per gallon. It’s either the “we can get away with it” factor because it’s accepted and/or price gouging.
Other industry lies include distribution costs, as distributors will state all gas is trucked to stations from the refineries. This is BS because there are tank farms all over the state which are connected by pipelines. Gas prices are highest in large and mid-sized urban areas away from refineries but drop significantly in the middle of nowhere, except for the Imperial Valley and along the I-15 drive to Las Vegas.
Thanks for all the info.
Yes, and higher taxes as well.
Last spring I was being driven to the train station by a friend who said, "I saw a sticker on the gas pump today that said, 'Thanks Joe!' Bewildered, I asked, "Thanks for what?" My friend said (I think he thought he was being witty), "Biden raised gas prices! The sticker was sarcasm!" I looked at him and said, "Al, President Biden doesn't have anything to do with gas prices. We have a capitalist economy. Gas prices are set by the countries that export the oil, and by the refineries and the gas stations. Biden's got nothing to do with it." Poor Al was really flummoxed. I don't know if I changed his mind about anything, but I think I gave him something to think about until he turned Fox News on again.