Quotes from the news wire:
I would say that going into late October, early November, prices should be moderating, i think it's probable that prices in much of the West Coast should bring things down for a good portion ... it may take a week or two for the trend to start showing downdrafts, but I would say probably by mid to late October, prices should be falling for much of the West Coast and potentially the Great Lakes as well.
Found on FOX News 1 year ago
There's not much they can do aside from shifting policies and providing more clarity and certainty to the oil sector on the future of oil consumption, oil companies are hesitant to invest in raising production and building new capacity because the administration has openly, openly indicated that it will be pushing Americans away from consuming fossil fuels. And that certainly has an impact on the future viability of the oil sector. And I think that's why we probably won't see much meaningful improvement.
Found on FOX News 1 year ago
I think gas prices are a very politically charged subject. It would not surprise me that Americans cognizant of high prices may use, you know, the state of gas prices as a factor in how they vote.
Found on FOX News 1 year ago
I think it's misguiding. The president and the White House insinuating that oil companies have control over something, when really it's a combination of factors outside their control of the way oil prices are higher.
Found on FOX News 1 year ago
To that end, the Biden administration went back on it promise regarding human rights and met with Crown Prince Mohammed bin Salman in the visit to Saudi Arabia in hopes of increasing OPEC production and bringing down gas prices. While that had the temporary desired effect on prices, recent threats of OPEC production cuts will cause another spike in gas prices that could come at the worst possible time in the midterm election cycle for Democrats.
Found on FOX News 1 year ago
We could see a national average that flirts with, or in a worst-case scenario, potentially exceeds $ 4 a gallon.
Found on CNN 2 years ago
The economy is hot. Demand has come roaring back. But supply is still catching up after getting cut greatly in 2020.
Found on CNN 2 years ago
There is less breathing room as a result of those refinery shutdowns.
Found on CNN 2 years ago
Americans who believe that have been fooled into thinking that a pipeline somehow produces oil. They don't. They merely carry oil.
Found on CNN 2 years ago
Looking out on the horizon, I really don't see an organized drop in prices, the market is starting to feel explosive. The fundamentals are there for that to continue.
Found on CNN 2 years ago
After a catastrophe, cut the bottlenecks, why not open the SPR ? It's not perfect. But it may be an option for some refineries.
Found on CNN 3 years ago
This is a long duration event, if you don't need fuel urgently, delay purchases for those who are critical and first responders.
Found on CNN 3 years ago
This is not a political issue. It's more of a Covid-19 challenge simply because of how Covid-19 decimated fuel demand last year, while prices are much higher this year than last year, it's because of the recovery, the economic recovery. More Americans are getting out, gasoline demand has soared from a year ago.
Found on CNN 3 years ago
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