JesseS
Well-Known Member
- First Name
- Jesse
- Joined
- Oct 24, 2024
- Threads
- 1
- Messages
- 116
- Reaction score
- 164
- Location
- California
- Vehicles
- '21 Ford Ranger XLT, Jayco RV (Ford F53)
It won't drop much, then inch back up. The Oil companies don't want it to drop, plain and simple. The oil storage capacity in the US is close to full, and we are pumping at near max now, plus we are exporting oil, if they can pump more (it takes on average 3-5 years to bring a new oil field to production) then they won't drop the price, just export more for more profits. Our refining capacity is maxed out, why they spike the price whenever one is down for maintenance. Build a new one you say? at 10-25 Billion that is a big NO from the oil companies with the looming transition to EV's. So your gas has gone up $1.60 in 7 years, that's about $0.23 a year, in line with inflation and much less than say groceries.Come to NJ a gallon of gas is $3.60, which is ridiculous, prior to covid and the previous president. I was paying $2 per gallon.
no, but for me to have to pay $60 for 16gallons of gas every week is insanity. Compared to 7 years ago when i was paying half. I would rather have kept that price than the $60 i am now. Cant wait for the price to drop again from energy independence.