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May 19, 2022
8:58
:38
am
panacablue
All-American
Paying off politicians that want to ruin your business model isnt cheap.
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panacablue
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panacablue
Joined
Jul 18, 2010
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Sep 3, 2023
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Messages
Author
Time
Why is the price of oil per barrel lower than it has been historically yet gas
stenso
5/19/22 8:03am
They realized that people are willing to $5 a gallon so why lower it?
IBC
5/19/22 8:05am
Willing? No. Captive? Yes
Turnpike Lane
5/19/22 8:10am
Because they can blame it on Russia and make a lot of money
Cougz19
5/19/22 8:07am
Yes that makes perfect sense if you don't believe in basic economic theory.
Baron
5/19/22 8:09am
TNT knew Russians were trouble when he watched For Your Eyes Only
TNT
5/19/22 8:09am
Legit question
Turnpike Lane
5/19/22 8:09am
Supply chain issues? Also, are you comparing real prices to real prices?
Baron
5/19/22 8:09am
Part of it. Refinery capacity is at its lowest since ~2014
HuskerFan2
5/19/22 8:17am
At least some of the spr oil is going to Europe
dex13
5/19/22 1:23pm
Transport costs are higher due to high fuel costs.
dYrtbYkerYder
5/19/22 8:10am
which fuel costs which increases transport costs which increases fuel costs
Pro Logic
5/19/22 8:14am
Inflation in the other associated costs & gas taxes.
RdF3
5/19/22 8:11am
Wonder how much taxes have changed over time
Dr T-bone
5/19/22 8:11am
Everything else is higher. The land the gas station sit on is
cougarfann888
5/19/22 8:11am
Time has a factor here
Cosmokid
5/19/22 8:14am
A guess: the oil for sale now is not the oil that has been refined and is now
Socrates Johnson
5/19/22 8:15am
It's still a supply and demand thing. Less oil supply is driving up the crude
JuicyJam
5/19/22 8:20am
Tax hikes, lower refining capacity and myriad other things
2FarGone
5/19/22 8:21am
Gas supply is very low now. Not all oil is used to make gas.
Dangerous
5/19/22 8:31am
The article above says supply isn’t an issue
kotacoug
5/19/22 8:38am
EIA data shows gas stocks are 8% below 5 year average
dex13
5/19/22 1:01pm
Obviously it is Putin's fault.
RexIdaCoug
5/19/22 8:35am
Myriad of reasons. Cost of labor, uptick in other costs associated with
homegrown
5/19/22 8:47am
Paying off politicians that want to ruin your business model isnt cheap.
panacablue
5/19/22 8:58am
ESG impact on oil company capital investments, esp refineries also plays a part
NavyCougar
5/19/22 10:58am
No doubt. It's not a growing industry. Big capital investments are harder and
JuicyJam
5/19/22 11:03am
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