U.S. retail gasoline prices continue to surge

Somewhat, although we mostly take my husband’s truck, even though it costs more in gas. It’s just more convenient, newer truck, car seats are already in it, so we could save a bit if we swapped to mine. I rarely ever drive my car right now but I’ll have to start driving my daughter back and forth to preschool starting in August, so I’ll have to fill it up weekly then.

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Let’s simplify this…

Do you think Trump contributed to the current issues in the U.S.?

So the answer is NO!, you cannot defend biden without blaming President Trump

While you avoid answering my questions, I will be happy to answer your question, Yes President Trump contributed, just as so did Obama, Bush and Clinton, you ever heard of the “butterfly effect”

Happy belated Father’s Day,
Take care and I hope you get help for your TDS

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Sign of the times, I am seeing gas stations here in the US replacing perfectly good price signs with ones with room for another digit, they would not be spending millions on this change if they did not know $10 gas would be here soon

Let’s Go Brandon

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This is a joke, right? The Federal gas tax is 18 cents a gallon, we are seeing larger swings than that sometimes daily, that 18 cents will not even be noticed, just as the 12 cents many states have already cut made no difference, the issue is supply, until that is addressed, nothing changes and $10 a gallon will be here soon

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Lets Go Brandon

Suspending federal gas tax is like taking Tylenol for a broken (fractured) arm. :joy:

Even Obama called a gas tax holiday a gimmick:

“We’re arguing over a gimmick to save you half a tank of gas over the course of the entire summer so that everyone in Washington can pat themselves on the back and say that they did something,”

President Barack Obama rejected a gas tax holiday during the oil price spike of 2008, writing in his memoir, A Promised Land, “… I was sure that consumers wouldn’t see much benefit. In fact, gas station owners were just as likely to keep prices high and boost their own profits as they were to pass the savings to motorists.”

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Here is the real problem, we have a president that is disinterested in the challenges of the American people,

If President Trump was in office you can bet he would be up the ass of these oil company’s CEO’s and he would not wait for 5.00 a gallon prices to take action

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Trump is meeting with oil company CEOs to raise gas prices he just celebrated as a ‘massive tax cut’

10 million newly unemployed Americans and the President is working hard to raise, yes I said raise, the price of gas for every American.

President Trump is meeting at the White House on Friday with the top executives of some of the largest U.S. oil companies to discuss ways his administration might support the oil and gas industry amid an oil crash. On Thursday, Trump tweeted that he had spoken with the leaders of Saudi Arabia and Russia — whose price war combined with a sharp drop in demand due to the coronavirus pandemic to tank oil prices — and expected them to cut production, which “will be GREAT for the oil and gas industry!” Indeed, oil prices shot up after Trump’s tweet and continued rising early Friday.

But higher oil prices mean higher gas prices for consumers, as CNN political analyst Joe Lockhart noted.

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Trump Admin Bails Out Oil and Gas Companies That Gave Millions to GOP Groups

As the economy collapsed in the pandemic, oil and gas companies that have donated over $10 million to Republican super PACs got tax breaks and lease pauses from Interior Secretary David Bernhardt, a former fossil fuel industry lobbyist.

When you’re in the business of selling something whose value suddenly collapses, as U.S. oil producers were earlier this year in the global slowdown around the coronavirus pandemic, it’s helpful to have someone in power to cut your tax rate to near zero and press pause on your leases.

Largest oil and gas producers made close to $100bn in first quarter of 2022

“The greed of these companies is staggering,” said Lori Lodes, executive director of Climate Power, an advocacy group. “We’ve heard their executives bragging about how much the agony of inflation and the tragedy of the war in Ukraine has allowed them to raise prices. These profits are going right into their pockets.”

There was no need for a bailout, now they are milking America dry

I challenge anyone to defend this lack of action by biden, and clogging the thread with pages of cut and past about past presidents is a losing argument

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Trump was brought up by you, so I replied to your post :rofl: :rofl: :rofl:

Murika

I am still waiting

In hindsight, they didn’t need a bail out, but if they hadn’t been and this hadn’t happened, then the consequences would be much worse. As much of a moron as Trump is, that wasn’t a bad decision with the data he had at the time.

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and what was he suppose to do in that scenario, have a hearing on capitol hill, because you can’t force them to do anything if it’s legal, you can only ask

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The only thing Dennis does here is to blame and refuses to look into the matter further, so no one hears his cries any more

It would be wonderful if politicians stopped blaming each other’s parties and worked together to find a solution to the problem; this would be better for the country, Of course that behavior trickles down to American society,

America will never again experience its glory days, nor will it improve

A facebook friend posted this

Hard to believe this picture was taken just 2 years ago,

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Some people post just to complain, but never explain why the problem exists

Presidents can scream all they want at Big Oil CEOs but screaming won’t result in additional oil refineries magically appearing.

Even Trump tried to keep a Philly refinery open and sent Peter Navarro, but it still closed proving how little influence the White House has over such operations.

Additional domestic refining capacity is what’s needed to bring gasoline prices down but there is none.

A president can enact price controls but a price ceiling below the free market price causes buyers to demand more than they previously wanted at the free market price and sellers to sell less than they wanted to sell at the free market price. This will result in shortages.

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I would gladly take a screaming president over the one we have now who does nothing and says nothing.

As I have stated before, why not invite CEOs of the major oil companies, ( drillers and refineries) to the White House and have a closed-door meeting, ( no media show) and work together to come up with a plan to increase production. I think a real leader would be doing just that. So far we are seeing no direct action by this president. This leads me to the opinion that $10 a gallon gas prices is what this president wants

5 days ago.

Key points jumping out at me.

But there were low expectations among industry analysts that anything constructive would come out of the meeting. The main bottleneck driving gas prices higher, industry experts say, is a lack of refining capacity after numerous refiners shut down during the pandemic when demand for gasoline tumbled. There is no clear way to put those refineries back on line and no motivation for companies to build new refineries, which would take years to complete, given the ongoing shift to electric vehicles.

“At the end of the day, the problem is this: The electric vehicle environment is on the horizon. It’s out there somewhere, 10 years from now, 15 years from now, 20 years from now, it’s going to happen,” said Bob Yawger, executive director of energy future strategies at Mizuho. “And so, you’re trying to tell these guys that they need to crank it up as they’re drifting into that eventuality? That’s a tough sale, and they’re making money right now for the first time in years."

It’s all about the money.

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