Gas Price Ramifications... Not Good

What we can do is take the API data from 2024 and use 6.6 million bbls per day as the crude oil imports. Mods, I used a screen shot from API.com to show the crude oil number. Still, it’s a long ways from claiming the country produces 22 million bbls per day. ;)

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What we can do is take the API data from 2024 and use 6.6 million bbls per day as the crude oil imports. Mods, I used a screen shot from API.com to show the crude oil number. Still, it’s a long ways from claiming the country produces 22 million bbls per day. ;)

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My numbers are much closer than yours.

We don't use anywhere near 22MBPD - last numbers were just over 20MBPD - its likely less already because were also exporting people. Mostly south.

Also saying we import 6.6 MBPD without mentioning we export 4 MBPD of crude and 12 Billion Cubic Feet per day of LNG is disingenuous. Net-Net is what matters.

It produces 13.5 million bbls per day and imports 8.5 million bbls per day for a total of 22 million bbls per day.
 
New administration policies start to really have an inflationary effect in 3/2021. Almost a year BEFORE the Ukraine invasion.

https://www.federalreserve.gov/economy-at-a-glance-inflation-pce.htm

The memory fades...
Oh you mean the approx $900B in direct payments to taxpayers beginning in 2000 and ending in 2021? The payments encouraged by BOTH prior administrations combined with a huge percentage of the workforce which demanded higher pay when they were rehired after the lockdowns?

https://www.gao.gov/products/gao-22-106044
 
Yes it is, and it's now March 17. As far as I can tell the (one) above graph is not adjusted for inflation and yes you can easily interpolate the inflated price for the last few weeks.
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SIDE NOTE: It's interesting to me that crude prices are a world priced commodity (do vary by type), even though the supply could be similar or different in several places - the price is the price (at a snapshot in time)..........yet gasoline price varies widely by region. They both have added value, yes crude oil much less, but the regional delta price % doesn't make intuitive sense. So taxes take up some of that delta. Transport types I suppose. Regional costs - land, expenses, etc. Still some places vary - 87-88 octane - by $2.50 gallon????
Ya. Taxes, shipping, and perhaps anticipated refinery maintenance? I'm not sure.
 
My numbers are much closer than yours.

We don't use anywhere near 22MBPD - last numbers were just over 20MBPD - its likely less already because were also exporting people. Mostly south.

Also saying we import 6.6 MBPD without mentioning we export 4 MBPD of crude and 12 Billion Cubic Feet per day of LNG is disingenuous. Net-Net is what matters.
Hold on. Just simple numbers. The USA imports 6.6 million bbls of crude oil per day and produces 13.5 million bbls of crude per day. I didn’t insinuate anything more than that.
 
. Linked in just did a HR survey of HR managers where something like 30% admitted they posted jobs that weren't real just to make it look like they were hiring. If 30% admit it, you know its probably 60%.

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I frequently see a reposting of a job on LinkedIn. I've wondered if they're just looking for a unicorn or have no intention of filling it.
 
I suppose he could have parked like that for $2.49 in Houston a few days ago - only it would be a 3500 with a .40 inside and I’d have said “nice truck” 👀
I had a quirky drivers Ed teacher in high-school who was an ex football coach. The previous year he had a Cadillac cut off a student driver. So at a red light he confronted the "hooligan ". The guy had a loaded .38 between his legs. He quickly apologized and made a beeline back to the driver's Ed car. You never know.
 
Oil went down, yet we went up 60 cents a gallon today! Make it make sense. I may have to tap into my Jerry cans full of powersport fuel dadnabit!
 
This site states we import 7.9 million barrels a day. (updated this month)
You can probably find numbers out there to support whatever argument you're trying to make.

https://usafacts.org/articles/is-the-us-a-bigger-oil-importer-or-exporter/
The US Energy Information Administration is supposedly the purveyor of facts.:ROFLMAO: eia.gov

Even they admit no one really knows for sure how much we actually use domestically due to import and export, equivalents and import / export of refined product, fertilizer, LNG, etc.
 
Those of us old enough to remember the oil embargo, or whatever it was, of 1973. I always wondered how much gas was burned waiting in those lines? And we artificially increased the shortage by gassing up to full more often rather than driving around with half a tank.

Cool '67 Bug. Don't know if it would hold 10 gallons... 1st year of the 12v electrics, by the way. 1500CC engine baby!
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Driver of the Beetle definitely had the right car for the time. I was working part-time at a Standard station and driving a Triumph Spitfire. With it's 1300cc engine, I felt like I was in the catbird seat as well.
 
Why don't you start a different thread because this one is about gasoline.

As have been my posts. YOU tried to make it solely about oil, while ignoring the new policies and regulations implemented in the 1st quarter of 2021, which directly drove up the cost of gasoline to the consumer, and inflation.

As of an hour ago, at the closest gas station, which is never the cheapest, Gas is still $1.80 below it's all-time high in the summer of 2022...
 
Headed to California tomorrow so I’ll find out very soon how it compares to Florida….

California flight to Santa Barbara on American was rescheduled due to ‘weather’.
Instead of 2 flights (8 hours)…... now it was 3 flights with crazy layover times (2 days to get to California) so we cancelled the trip.

Maybe this was a good thing ?

:unsure:

We were looking forward to the California Dreaming, sunshine, food, sightseeing, etc….

Maybe I accidentally run into a BITOG member in southern California.
 
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As have been my posts. YOU tried to make it solely about oil, while ignoring the new policies and regulations implemented in the 1st quarter of 2021, which directly drove up the cost of gasoline to the consumer, and inflation.

As of an hour ago, at the closest gas station, which is never the cheapest, Gas is still $1.80 below it's all-time high in the summer of 2022...
You have no clue as to what percentage in the rise of gas prices is attributed to policy changes in Q1/2021. The fact you're ignoring the ~$1T in direct payments to taxpayers from 2020 through 2021 AND that oil prices were at pre-pandemic levels at the time exposes your bias.
 
My thread is about people behaving badly at a gas station that is always crowded because it has the lowest prices. Specifically, many are on edge because of the price hikes.
 
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