Why are we so concerned with fuel prices?

About 20 years ago I remember my neighbor doing it as well just to save some money.

didn’t turn out to good for him when the trailer sank through the pavement and needed a wrecker.

Oh the laugh we had.

 

I wasn't trying to make it political and it wasn't directed at you .. I was probably wanting to vent more than anything I don't want to see this thread shut down
As I told @ RedForeman the other day I respect you and your thoughts
Me.. As I posted in this thread the other day .. I'am just a dumb stinky bull hauler .. never claimed to be smart just trying to make the best of my life & the line of work I have chosen

 

The pipeline everyone likes to talk about would not provide any relief in this situation, this situation is more about speculation than actual supply and demand.

Traders, those in the crude industry and owners of refineries are having no problem paying the price when they stop to top off their tanks.

If you really want to know how fuel prices work, read this article written in 2015. It was written the same year that fuel prices were separated from the price of crude.
Why don't gas prices fall?

 

The price of oil is a consequence of compounding many bad policy moves. Policy specific to oil development moves the needle some, but is not the entirety of the market affect.

 

Me leaving the Petro yesterday, after seeing the big price increase warning and actually being able to exploit it some.

 

@Catmando
I'd like to think about myself that I am apolitical by nature. Still, my reactions are similar to yours when something changes and is hurting, finding the responsible and venting frustration.

When I give it more thought, it is not so simple though. It seems to me that even the past fuel price crises were not so much related to particular administration policies but rather to the over all global supply and demand circumstances.
Someone can effectively try and argue that if we had a different, pro energy administration, also handling the foreign affairs differently then perhaps today's fuel price situation could be completely different....perhaps so. I was just merely asking question if such arguments are valid, which they might be, but to what extent. Could we all enjoy $2.5 per gallon while the rest of the world would pay twice as much?

I am thinking that the only way for any government to keep people happy with gas prices would be for them to own all crude oil resources and set the price at the desired happiness level, provided of course, the resources are inexhaustible. And that they care about the people's happiness at all.

 

Venezuela has been doing that. I don't think it's working like you'd think it would.

 

I am not saying it would, quite the contrary, I am implying that it wouldn't. In other words, I am suggesting that the notion of a government usurping control over fuel prices, or being responsible as in "I did it" slogan, may not be as simple. In other words, for the government here to be solely responsible for this high price increase, it should take more than unfinished pipeline or promoting electric cars. If I am wrong, I'd like to know what else could have been done by them...we know that the pipeline should have been left alone, so should be production on the federal land, leaving Russia and Ukraine war alone, what else?

 

You're just stating the obvious: politicians taking credit or placing blame on things that aren't directly controlled by them. You could also question job creation. Other than hiring and firing government employees, that don't produce anything of value to begin with, one cannot make that claim. Yet they have done so since the beginning of recorded history.

 

One thing that’s sort of overlooked is optimism and speculation given the attitude of an administration. How much money was effectively wasted on the Keystone XL project?