Gas Prices So High People Have to Think Very Hard About Where They’re Driving To

Elvis Dunderhoff December 16, 2022

Brandon is out here claiming he fixed everything.

Actually, he didn’t fix anything and everything is getting worse all the time.

New York Post:

At a gas station outside New York City, retired probation officer Karen Stowe was faced with a pump price she didn’t want to pay. She bought groceries from the convenience store instead, planning to buy cheaper gas elsewhere.

“The price is so high, people have to think very hard about where they’re driving to,” said Stowe, who had just been volunteering at a food pantry. “People are in trouble, and that’s the truth.”

Though drivers in the U.S., Europe and elsewhere are getting a break from the sky-high gasoline prices they endured over the summer, the cost is still difficult for many who have been struggling with relentless inflation. The U.S. average was $3.19 per gallon, down from a record $5 in June, while European Union pump prices have dropped the equivalent of 55 cents, to $6.41 per gallon, since October.

Drivers now hope the situation doesn’t get worse after a series of cutbacks tied to Russia’s war in Ukraine, accidents and the slowing global economy have strained the world’s oil supply. While oil and gasoline prices have dropped despite a recent supply crunch, those threats could end up pushing costs higher this winter.

…

The restrictions on Russian exports are likely to have a bigger impact on oil prices next month. Although Western nations have banned Russian oil, customers in India and China are buying it, so there’s enough oil on the market for those who need it. More than 97% of Russia’s seaborne crude exports went to China and India last month, according to Refinitiv, a financial market data provider.

“We do not ask our companies to buy Russian oil. We ask them to buy oil,” Indian External Affairs Minister Subrahmanyam Jaishankar said in Parliament last week. “But it is a sensible policy to go where we get the best deal in the interest of Indian people, and that’s exactly what we are trying to do.”

In February, global oil supply could get more limited, because European nations won’t be able to buy Russian refined products such as gasoline and diesel, so Russia could cut back on producing oil.

“So far, there hasn’t been a major decline in Russian production. But once Russia cannot export products to Europe, they will need to decrease production, and that will result in a supply shortage, which will be reflected in the prices most likely,” Galimberti said.

Russia also could decide not to produce oil due to the G-7 price cap. Its oil is selling for less than that now. But if the price goes up and approaches the cap, Russia could decide to take oil off the market, analysts said.

Yes, they can decide that and they should decide that.

The West has no moral standing to try to morally bully Russia.

Russia is a Christian country.

Related: Russia’s Budget Surplus More Than Quadrupled in November, Energy Profits Booming Spectacularly

Brandon is simply lying about the gas price thing.

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