U.S. average diesel price shatters all-time high courtesy of Joe Biden

m.knox

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Joe Biden the idiot.

https://www.fleetowner.com/news/article/21240700/us-average-diesel-price-shatters-alltime-high

The U.S. average per-gallon price of diesel fuel set an all-time high this week, according to the U.S. Energy Information Administration. Trucking’s main fuel rose 34.9 cents to $5.509—easily shattering the previous high of $5.25 per gallon reported by EIA on March 14, shortly after Russia’s invasion of Ukraine.

Diesel is now $2.367 more expensive per gallon than it was just a year ago, according to EIA data.

The week of May 2 price spike represents the third straight weekly increase and comes in way above the surge of just 5.9 cents to $5.16 per gallon reported by the federal government agency last week.
 
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m.knox

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It is. They need a massive energy crisis in order to promote “green” energy as the savior. Unfortunately for the entire world, it isn’t.

Seems like a really stupid strategy. "Promote" green energy by screwing Americans? A normal person would promote green energy by helping make it more effective and cheaper.

Sounds like democrats are really dumb.
 

LioninHouston

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Seems like a really stupid strategy. "Promote" green energy by screwing Americans? A normal person would promote green energy by helping make it more effective and cheaper.

Sounds like democrats are really dumb.
Yes, they are. Can anyone think of any other examples where Dims allow their zealotry to override common sense? Forcing children to wear masks, even outdoors? Defunding police?
 
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junior1

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It is. They need a massive energy crisis in order to promote “green” energy as the savior. Unfortunately for the entire world, it isn’t.
Not sure how wind or solar power are going to fuel the trucks bringing g goods to market
 

bdgan

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This is no accident. All of this is intentional.
Making fossil fuels more expensive is definitely on purpose because that's how you motivate people to switch to renewable.

I don't think dems expected the fallout to be so severe and now we're all screwed.
 

2lion70

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Joe Biden the idiot.

https://www.fleetowner.com/news/article/21240700/us-average-diesel-price-shatters-alltime-high

The U.S. average per-gallon price of diesel fuel set an all-time high this week, according to the U.S. Energy Information Administration. Trucking’s main fuel rose 34.9 cents to $5.509—easily shattering the previous high of $5.25 per gallon reported by EIA on March 14, shortly after Russia’s invasion of Ukraine.

Diesel is now $2.367 more expensive per gallon than it was just a year ago, according to EIA data.

The week of May 2 price spike represents the third straight weekly increase and comes in way above the surge of just 5.9 cents to $5.16 per gallon reported by the federal government agency last week.
What exactly did President Biden do to cause these increases? Exec Order? New legislation? Demanded oil companies charge more?
Tell us the specific actions taken by Biden. Then detail what the Repubs have done to slow inflation - in particular diesel fuel prices.
 

m.knox

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What exactly did President Biden do to cause these increases? Exec Order? New legislation? Demanded oil companies charge more?
Tell us the specific actions taken by Biden. Then detail what the Repubs have done to slow inflation - in particular diesel fuel prices.

Please, stop it. You are getting into NJ territory now. Lockdowns, paying people not to produce while consuming, threatening BIG OIL near daily, and yes, executive orders.
 

Sullivan

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Nov 24, 2001
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What exactly did President Biden do to cause these increases? Exec Order? New legislation? Demanded oil companies charge more?
Tell us the specific actions taken by Biden. Then detail what the Repubs have done to slow inflation - in particular diesel fuel prices.

For starters, Biden's political appointee who now heads FERC (Richard Glick), has never seen a pipeline that he likes. All interstate pipeline projects need FERC approval.

Many of the pipeline projects in the country are now at a standstill. If the country increased the number of drilling rigs ten-fold, it wouldn't increase production much, because the oil and natural gas producers wouldn't be able to get their product to market.

 
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LionDeNittany

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What exactly did President Biden do to cause these increases? Exec Order? New legislation? Demanded oil companies charge more?
Tell us the specific actions taken by Biden. Then detail what the Repubs have done to slow inflation - in particular diesel fuel prices.

Keystone XL.

One of many bad decisions that sent shockwaves through the industry.

LdN
 
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2lion70

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Please, stop it. You are getting into NJ territory now. Lockdowns, paying people not to produce while consuming, threatening BIG OIL near daily, and yes, executive orders.
Not very specific. What EOs, how did they lead to increased fuel prices. What specific threats to BIG OIL?
C'mon now you must have very specific issues and now of the great Repub plans to combat inflation (Hunter Biden).
 

2lion70

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I'm just naming one very obvious thing.

The fact that they canceled XL for no reason showed their mandate.

LdN
That pipeline has nothing to do with inflation - it was only 8% complete when cancelled.
 

2lion70

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Not a single con/repub idea has been noted that would end inflation.
The pandemic, resulting worldwide economic reduction, supply chain disruptions, war in Ukraine, increasing demand exceeding supply.... Those are some of the reasons we have inflation - and none of them were/are controlled by Biden or any political party.
 

LionDeNittany

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That pipeline has nothing to do with inflation - it was only 8% complete when cancelled.

Do you know how much capital was invested into that pipeline which is now worth zero?

Do you know that capital is leveraged?

Do you know what contango is?
 

m.knox

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Not very specific. What EOs, how did they lead to increased fuel prices. What specific threats to BIG OIL?
C'mon now you must have very specific issues and now of the great Repub plans to combat inflation (Hunter Biden).

Why are you so lazy?

https://nypost.com/2022/03/09/why-biden-energy-policies-have-contributed-to-surging-oil-prices/

https://www.csis.org/analysis/biden-makes-sweeping-changes-oil-and-gas-policy

Secondly, and we've had this discussion before, CONFIDENCE weighs in business decisions. If a business owner is not confident, they will not increase production, hire, invest, develop new products, raise wages......

Do you honestly think BIG BAD OIL is feeling confident under the Biden administration?
 

m.knox

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Not a single con/repub idea has been noted that would end inflation.
The pandemic, resulting worldwide economic reduction, supply chain disruptions, war in Ukraine, increasing demand exceeding supply.... Those are some of the reasons we have inflation - and none of them were/are controlled by Biden or any political party.

Good Lord, you are incorrigible...............

Paying people to CONSUME without PRODUCING is exactly what happened. What could go wrong with that? Let's take a look at the US, shall we?

US-COVID19-fiscal-response-Comparing-fiscal-responses-to-the-pandemic-2022.png


And let's take a look at inflation by nation. Shall we?

https://tradingeconomics.com/country-list/inflation-rate

Data is your friend............

Lastly, just today, this very day, Biden self congratulated himself for the jobs numbers and wrongfully cited HIS stimulus as the reason. What a buffoon. HIS stimulus created an 8.5% increase in CPI.
 
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m.knox

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That pipeline has nothing to do with inflation - it was only 8% complete when cancelled.

It absolutely did. Energy is a core component of CPI. By sending the message that we will not be energy independent, he signaled to BIG BAD OIL that he was out to cause harm to their valuable contribution to society.
 
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The Spin Meister

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An altered state
That pipeline has nothing to do with inflation - it was only 8% complete when cancelled.
That pipeline is part of a system that is 90% complete. Like cutting out 10% of I80 and see how that affects trucking costs.

It also was scheduled to be completed......just about now. That would have brought enough crude to lower costs. Pipelines cost about $2/B to ship crude vs 8$/B last I heard. And that was before diesel a Nd labor skyrocketed so the differential is probably higher.

Also the Canadian crude is heavy oil from tar sands meaning it has a higher percentage of diesel than the light crude of US shale based oils.

And canceling it sent shock waves through the industry. Billions lost. Along with the Mountain Valley nat gas pipeline being 90% complete and now in serious jeopardy with a potential loss of another $6 billion.

And this is just the pipeline aspect. There are several other things he.....er.....his handlers......did that spiked energy costs which is a huge driver of inflation. But you know that. It’s been beat to death here. But you don’t care as you are a hack and troll as bad as Jersey boy.
 
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junior1

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Not very specific. What EOs, how did they lead to increased fuel prices. What specific threats to BIG OIL?
C'mon now you must have very specific issues and now of the great Repub plans to combat inflation (Hunter Biden).
Didn't we go through this a couple of weeks ago? You asked the same question, got multiple answers and kept asking the same question.
How about a different tack....what could Biden do to decrease oil prices which could yield lower gas/diesel prices, transPortation cost, etc?
 

Hotshoe

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Seems like a really stupid strategy. "Promote" green energy by screwing Americans? A normal person would promote green energy by helping make it more effective and cheaper.

Sounds like democrats are really dumb.
They sure as hell aren't rational or logical. It's about ideology, not the people.
 
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bourbon n blues

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Didn't we go through this a couple of weeks ago? You asked the same question, got multiple answers and kept asking the same question.
How about a different tack....what could Biden do to decrease oil prices which could yield lower gas/diesel prices, transPortation cost, etc?
He’s very dishonest.
 
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m.knox

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They sure as hell aren't rational or logical. It's about ideology, not the people.

Bridges are racist though.....

Talking about rational and logical, had dinner with an engineer last night who works for a multinational battery company (aka a LARGE COOOORPORATION as the libs would whine). Was in town for a conference on EV's. We talked about the infrastructure necessary to go EV. If there are a million gas pumps, and the average time to fill is 5 minutes, that's 5 MM pump-minutes. If an EV takes 20 minutes, we will need 4X the amount of gas pumps to meet current capacity. Resources consumed.... Lots of them.

And then there is the grid. That will need to grow. Estimates are as high as 27%. Shit, CA already has rolling black outs....
 

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