Why Gas Prices May be Set to Spike Again

ight now, the price to fill up at the pump may not feel all that bad. With the average price of a gallon of gasoline around $3.30 in the U.S. this week, down about $1.50 since its peak last summer, the issue has fallen out of the headlines.and the Russian war in Ukraine shows no signs of ebbing, analysts are warning that the price of crude oil may rise back above $100/barrel this year. The price at the pump would follow shortly thereafter: in mid July, the last time the U.S.

The rapid reopening and push for growth could lead demand to soar. In a research note, Swiss banking giant UBS said that it expected oil demand to rise by 1.6 million barrels per day this year. “We see three-quarters of global demand growth in 2023 coming from emerging Asia,” the bank said on Jan. 4, citing China’s reopening. A Jan. 9 research note from U.S. bank Goldman Sachs suggested that global oil demand would rise 2.

Politicians are already bracing themselves for the political fallout. Republicans in Congress proposed legislation earlier this month to tie use of the U.S. Strategic Petroleum Reserve —an oil storage facility controlled by the federal government—to the production of oil and gas on federal land. The theory behind the bill, at least in the telling of its Republican backers, is that restrictions on use of the SPR would force the Biden Administration to make it easier for oil companies to drill. .

This is what war mongers and fossil fuels companies and stup1ds supporting war wants so be ir

This might not actually be bad. Might offset the the deflationary spiral we are looking at because Biden and his voters are weak because trump hurt their little feelings. But, this might actually help - or keep neutral. Counter intuitive.

How? China is profiting from cheap Russian crude..

The government is still trying to save some crude oil for the Slavic Battle troops. Without enough crude oil, the war would not continue.

And don't forget when gas prices go up it's Putin's fault and the White House has no control, but if it goes down 3 cents Biden wants credit.

profits

Energy prices struggling on falling global demand. Overall path of least resistance remains down . . . .

It's just because greedy OPEC. No amount of profits is enough for them.

Energy prices are ⬇️ so far this year.

ebbing... loool

So more record profits for the oil industry.

Russia is fighting German tanks against Nazism again, but this time the West sided with the Nazis

Thanks biden

How TIME is going celebrate its centenary year?

“Duhh , ThAnKs BiDEn”

I'm not blaming other countries for Bidens short comings. START PUMPING

It is better to trust in the Lord Than to put confidence in man. Ps. 118:8

It’s all China’s and Russia’s fault🤣 keep believing sheeple 🐑🐑🐑

I Think we are working on the problems, when Joe wakes Up later I'll ask him.

They mean now that the midterms are there free to rob us again.time to put time out of business.

Everyone should be informed and knowing about those two killers who committed genocide in Rwanda and DRCongo. Until now they still killing Congolese and stealing their natural resources in DRCongo. So, Kagame and kanambe alliance Kabila are not good people to every human being.

what amazing news.. no one had thought of it yet.. 😅

Joey's working on a couple ideas ?

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