Gas up 18% since election, could surpass $4 under Biden

#1 | Gas up 18% since election, could surpass $4 under Biden datum

Thu Feb 11, 2021 2:06 pm

Gas up 18% since election, could surpass $4 under Biden
https://www.washingtonexaminer.com/washi...s-4-under-biden
by Paul Bedard, Washington Secrets Columnist |
| February 11, 2021 08:23 AM

By the time America gets back to work, and traffic jams, gas prices under the Biden administration could be heading back to $4 thanks to new climate regulations, the president�s shutdown of energy mining on federal lands, and overseas production cuts.

Industry experts believe that as the coronavirus vaccine becomes widely available, offices will start to fill up, as will gas stations.

But the supply may not be there because of production cutbacks, Biden�s new rules, and moves overseas to slow production to match low usage.

The result could be an �oil price trap� for the new president, according to Steven Kopits, the managing director of Princeton Energy Advisors.-- excerpt, rest at link above --

"I wish it need not have happened in my time," said Frodo.

"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."

- J. R. R. Tolkien

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#2 | RE: Gas up 18% since election, could surpass $4 under Biden datum

Thu Feb 11, 2021 2:41 pm (Last edited: Thu Feb 11, 2021 2:41 pm)

There is no doubt in my mind that during 2021 before gasoline gets much higher this Congress will pass legislation to increase federal gasoline taxes immensely, likely 50 cents per gal or higher over several years. It is the boiling frog syndrome.

It has been a dream of theirs since the Carter days and can only ram it through when crude prices are relatively low, as they are now, and let the oil companies be blamed as the tax collectors.

Afterwards, as crude escalates in price due to the disastrous energy policies we see already in the works, the oil companies will be blamed again for manipulating gas prices at the pump and profiting off consumers.

"If the Union is dissolved, I shall return to my native State, and share the miseries of the people, and save in defense will draw my sword on none" Robert E. Lee, February 1861 following hearing of Texas secession.

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#3 | RE: Gas up 18% since election, could surpass $4 under Biden datum

Thu Feb 11, 2021 2:46 pm

You're right, @Isailedaway

Hey, are y'all getting any of this freezing weather? We are pretty much encased in ice right now. Tree branches are breaking off.

"I wish it need not have happened in my time," said Frodo.

"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."

- J. R. R. Tolkien

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The Unfrozen Cave