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/biz/ - Business & Finance

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30013286 No.30013286 [Reply] [Original]

WHY are gas prices STILL SO HIGH?

pic unrelated.

>> No.30013439

Because speculators can, with just a quick word, change how much gas is going to cost. Right now the idea is that stuff is opening back up, which means that more people will be driving, so that means raise the price.

>> No.30013553

>>30013286
>rounds down to $1.99 instead of up to $2.00
This is why they think Trump won

>> No.30013620

>>30013286
Maybe because the price of oil collapsed when Trump was in office, but now it's recovering?

>> No.30013625

>>30013439
Ummm. Good attempt at spin but speculators are CORREECTLY speculating that this new administration will be very unfriendly to fossil fuels and are adjusting the prices accordingly. You aint seen anything yet regular gasoline will be $5/gal before the EOY

>> No.30013745
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30013745

>>30013439
Wrong, Gas is going up because Biden is phasing out fracking meaning we aren't independent on energy anymore. There is currently an oil shortage and we need to ask the Saudi's to sell us more. On Thursday there will be a meeting with OPEC to decide if the Saudi's send us more oil. If they do comply then you might see oil go up to $4 very quickly and eventually $5 a gallon.

>> No.30013803
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30013803

>>30013286
no more fracking, no more cheap canadian oil.
open up fat fucking goy it's time for delicious saudi sludge

>> No.30013853
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30013853

>>30013745
>If they do comply
If they DO NOT comply is what i mean.

>> No.30013926
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30013926

>stop the pipeline
>stop drilling
80 mil burgers actually voted for this tard

>> No.30013998

>>30013926
>80 mil burgers actually voted for this tard
trump won

>> No.30014062

>>30013553
>muh dumb drumpftards don't know math lmao so retarded
>crime statistics? never heard of them

>> No.30014343

No more welfare for oil companies.
They're propped up on subsidies

>> No.30014362

Happily pay more in gas if it means trump isn't pres.
100% worth it. How many incidents have we seen since biden took office. Notice everything's calmed down, news media not screeching and things going back to normal.

>> No.30014741

>>30014362
Really gets to show you the leftard mindset when bombing the Middle East for Israel is the desired normality.

>> No.30014935
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30014935

>>30014362
Golem ZOGbot

>> No.30014953
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30014953

>>30013286
Maybe because eth sucks in scaling? I am honestly just accumulating L2 tokens at this point considering how crucial they will be once congestion gets even worse than this

>> No.30015066

>>30014362
this better be bait

>> No.30015105 [DELETED] 

>>30014062
Drumpftards are tards, niggers are apes, what the fuck's your point

>> No.30015111

>>30013926
>he thinks those votes are real
Oh sweetie...

>> No.30015218

>>30013998
No biden is really more popular than obama despite winning 14% of counties and only 2 bellweather counties something that has never happened before. People just really really don't like trump i guess idk

>> No.30015269

>>30014362
> news man happy
> i happy

>> No.30015276

>>30014362
>>30015105
I hope you guys lose your jobs.

>> No.30015491

The binance chink niggers are driving up gas prices so everyone uses their centralized copy

>> No.30015961
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30015961

>>30013553
Uhh this thread is about ethereum gas prices guys.

>> No.30016198

>>30014362
Yep

>> No.30016352
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30016352

>> No.30016432

>>30014343
I agree. Its time for poors to suffer with higher fuel costs. Which lead to higher heating and cooling costs, higher food costs basically higher costs for everything that requires energy. Sounds good to me.

>> No.30016452

>>30013286
test

>> No.30016643

>>30014362
very high quality bait

>> No.30016673

>>30013745
Saudi's deliberately turned the spigots down and demand is still down due to corona. oil is going to crash after this opec meeting because saudis are going to open the spigots back up.

>> No.30017327
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30017327

>>30014362
>100% worth it. How many incidents have we seen since biden took office. Notice everything's calmed down, news media not screeching and things going back to normal.

>> No.30017419

>>30013286
biden is literally shutting down domestic energy production to fight the invisible gas global warming hoax (while giving money to third world countries to open their own energy production).

/thread

>> No.30017574

>>30015961
What can be done about it? Shits fucked

>> No.30018377
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30018377

>>30016432
There are about 32 gallons of motor fuel in a barrel of oil and America burns 20 million barrels of oil a day or 7.3 billion barrels a year. If you taxed every gallon of motor fuel (233.6 billion gallons) you would raise $233.6 Billion dollars.

How many years would it take this nation of fucking idiots to pay back the $2.3 trillion stimulus?

Bonus question: how many pounds of Carbon Dioxide would this burning of motor fuels release into the atmosphere if 4lbs of CO2 is released for every 1gallon of motor fuel?

Super Bonus: How many thousands of years would this CO2 continue to trap heat in the atmosphere?