US gasoline prices rise again on talk of banning Russian oil

[Omaha Steve]

Source: AP

By DAVID KOENIG

Gasoline prices are pushing even farther above $4 a gallon, the highest price that American motorists have faced since July 2008, as calls grow to ban imports of Russian oil.

Prices at the pump were rising long before Russia invaded Ukraine and have spiraled faster since the start of the war. The U.S. national average for a gallon of gasoline has soared 45 cents a gallon in the past week and topped $4.06 on Monday, according to auto club AAA.

The price of regular broke $4 a gallon on Sunday for the first time in nearly 14 years and is now up nearly 50% from a year ago.

The price for gasoline in Europe is even higher, averaging 1.75 euros per liter last week, according to the European Commission, the equivalent of $7.21 per gallon.



Gas prices are displayed at gas stations in Englewood, N.J., Monday, March 7, 2022. Gasoline prices are pushing even farther above $4 a gallon, the highest price that American motorists have faced since July 2008, as calls grow to ban imports of Russian oil. (AP Photo/Seth Wenig)


Read more: https://apnews.com/article/us-gas-prices-rise-russian-oil-6a308ee99130ce58f549336c046372ee

[myohmy2]

1. sure...

...it's the New England oil stocks, it's the Arabs, it's the Summer blend, it's Winter blend, it's refining capacity, it's lack of off shore drilling, it's Opec, it's war in the Middle East, it's war in the Ukraine, it's cutting off Russian oil, it's, it's, it's

...it's never greed...

...go down and kiss Venezuela's ass and get some oil...

...

[former9thward]

4. Not Venezuela.

They are a dictatorship and human rights violator as bad as Russia.

[tecelote]

24. Rigged?

Exxon Mobil, Chevron, Shell, BP, and Total all report the biggest profits they've seen in eight years.

And, as big oil companies funnel cash back to investors and strengthen their balance sheets, they are taking their foot off the gas on green investment.

https://fortune.com/2022/02/10/big-oil-exxonmobil-chevron-shell-bp-total-green-investment-energy-transition-dividends-buybacks/

[Chainfire]

2. We need to break our addiction to our favorite drug.

Withdrawal can be painful, but we will feel better in the long run.

Like the previous poster, I believe that unbridled greed is the biggest factor. It is a problem of living in an country where the market is controlled by a tiny percentage of the population for whom enough is never enough.

[monkeyman1]

3. QUIT driving so much & the demand for it will go down !!!

[former9thward]

5. Most driving is for work, school and ordinary shopping.

So it is not so easy to "quit driving". Most people are not retired and sitting around.

[monkeyman1]

8. absolute bull- shit !

[jcmaine72]

10. In my case, it happens to be true.

I can't access my place of employment without driving there. My car gets used for very little else. I despise driving, primarily because of the thoughtless louts I always seem to encounter on the road. It's stress I don't need in my life and wish I didn't have....but I need my job more than a stress-free existence.

[monkeyman1]

19. I apologize for being too strait forward !

[jcmaine72]

21. If that's what you want to call it.

Okay.

[FoxNewsSucks]

15. No, for most people that's true.

Going for a "sunday drive" kind of thing is a very small percent of driving.

[manicdem]

12. Carpooling

Its easier than people think when you get it going. Its starting it up is the hard part, finding the right people and routes.

[jcmaine72]

13. Yes. but...

What if you have no one to carpool with? Let's say, for arguments sake, you work for a small company located in town A, but live in Town B, and the company's only other employees all live in Town C. What then?

[manicdem]

17. Doesn't have to be from the same company

Make friends with other people who work at a nearby company in town A. There are apps for it now, and other places to find people.

[jcmaine72]

20. Okay, but it's not exactly something one can just snap their fingers and do on short notice.

"Hi, remember me? We met yesterday. Anyway, would you mind if I tagged along with you 20 miles outside of town to work tomorrow?"

[Roy Rolling]

25. Chris Matthews had a saying

“Perfect is the enemy of good”

Changing driving habits for some is virtually impossible, though we all can do something to reduce fossil fuel consumption that is killing the planet.

For me, saving the planet always the #1 priority. Only being concerned when gas prices are high is the problem brought on by capitalism. Because when gas prices are low, the motivation is then to consume more.

A-B-C…Always Be Concerned. 😂😂

[jcmaine72]

32. If I had Chris Matthews' bank account I'd probably agree.

Know what else is horrendously bad for the environment? Human poverty. Just take a gander at the developing world for proof.

The only people benefitting from these outrageously high fuel prices are our corporate masters. When the cost of fuel goes up, so does everything else, making the rich richer and the poor poorer.

[Dustlawyer]

6. So why don't gas prices drop when they pumped 60 million barrels of crude out of the strategic

reserve? When the impetuous for raising gas prices is removed why does it take so long to come down? It never really goes all the way back down either.

[former9thward]

9. 60 million barrels is almost nothing.

It is 2/3rds of a day of oil use in the world. And it is not pumped out at the snap of someone's fingers. So it has no effect on oil prices.

[3825-87867]

7. Those poor Wall Streeters

and their investors. Worried they might not be able to make more handfuls of money with their 200K+ per year jobs and bonuses?

We should start a go fund them page!

Tears of the clowns!

[jcmaine72]

11. I wish it was only them suffering right now.

[GB_RN]

14. Russian Oil Is LESS Than 5% Of Our Imports...

There is NO reason for prices to go up for because of this...

[marie999]

16. It's not the 3.5% of oil imports the US imports from Russia that is the problem,

it's the 21% of the gasoline imports the US imports from Russia.

[Lonestarblue]

18. The US exports far more gasoline that the amount imported from Russia.

From Forbes:

“In 2021, Russia accounted for 21% of all U.S. gasoline imports, with Canada second at 17%. By value, Russian imports increased 71.05%, which is slightly less than gasoline imports from the world, which increased 80.53%. The Russian total was $12.78 billion.

These are not, however, record years for gasoline imports, thanks to increased U.S. production brought on by hydraulic fracking.

Oil and gasoline are complicated markets, so it’s not as simple as flipping a switch, but it’s worth noting that the United States exported $84.94 billion of gasoline and other refined petroleum products in 2021, or about six times as much as those Russian imports.”

I don’t know where we send our gasoline, but we could consider exporting less.

[moose65]

26. It seems to me...

Didn’t we used to have a law against exporting oil and/or gasoline? It seems crazy to me that we would export anything right now.

Where’s the America First crowd on this issue?!?

[rockfordfile]

22. Republicans have caused that.

That pattern is with everything.

[DENVERPOPS]

23. I just was watching the bimbo on Fox News

and several other of her cronies saying that Biden is causing this because he won't authorize new drilling here in the U.S. LOL

Their News Station should be forced to change their channel to one called fantasy fiction........

The most amazing thing is that Fox News can be allowed to even exist in our country......

[moose65]

27. It's their latest outrage

I’m sure they never mention the thousands of leases that have already been approved but aren’t being used.

They try to act like everything is so simple…. Just authorize more drilling and POOF… the oil starts flowing tomorrow. It’s not that easy, FoxHeads.

[DuaneT]

31. It's plain Greed

https://www.nasdaq.com/articles/the-real-reason-big-oil-is-refusing-to-boost-production?amp&fbclid=IwAR18QXjH9jarQtfaB8yJL2B0XvHRxnEal53QdeH74Y_y_rcwX5xp0w0SEYQ

[DENVERPOPS]

34. LOL

If the 70 million Trump/Republican Humping voters are bitching about the price of gasoline.....just wait..........

Coming now, or in the very near future, will be some of the most staggering, increased costs for Residential Electric and Natural Gas charged by your local Utility providers that have ever been seen.......Welcome to the Corporate Fascists of America

WASF

[HUAJIAO]

28. At the moment the higher pump prices are simply 'windfall profits.'

[BlueWavePsych]

29. Bad time to own a gas guzzler ...

[DENVERPOPS]

35. Good one

I recall during the W Bush/Cheney years when Diesel topped 4.40 a gallon.......I feel sorry for the people that actually need a "huge truck" to do their jobs..........At least, every single Trumphumping/RepublicanVoter is gonna get hit by this also.........

It is most amazing to me, that the 70 million Repub Voters don't realize that this party, for decades, is out to destroy them as much as the liberals, and that they don't see that their heroes are hell bent to destroy them and the entire middle class and Democracy.......

[bluestarone]

30. I 100% support Ukraine (cutting off oil will hurt, that i have no doubt)

Maybe just Maybe THIS all will help with the production and sales of electric vehicles. It's time for a change.

[Emile]

33. Less than 3% of our oil was coming from Russia. Just another excuse

for Predatory Capitalism to screw us some more!