Gas prices rise as OPEC announces oil production cut

It now costs nearly $100 to fill up a mid-size car with gas in California. Though gas prices are rising amid the decision by OPEC+ to cut 2 million barrels of oil per day, California prices have little to do with it. Jonathan Vigliotti takes a look.

#gasprices #california #news

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[rasalghul]

Can you name one problem in this country that has been solved by this administration? Just name one

[steveng]

We need to get Hunter involved, his expertise is just what his daddy needs right now.

[rumpstatefiasco]

I just wish the USA had it’s OWN petroleum resources…
but GretaLovers told me we don’t have any of our own oil and gas deposits.
VOTE ACCORDINGLY.

[richiemochi]

California trying to reduce traffic... on the 101

[savageone]

Don’t we produce more oil than opec in the US ?

[andrewmuchtar]

You ask for it, now bear the consequences.

[jasonkorring]

I say don't drive and use the road as the sidewalk

[bigfishy]

Good job shitsinpants Joe.
He did this

[josephpacchetti]

And increasing tax on everyone, I've been to California 4 times, Nice place to visit but would not want to live there.

[janiekcarney]

I wonder if California is out of line.

[jamesberonja]

We went through this crap in the 70's. Now again Biden and the Democrats.

[junielesparas]

Then how about other countries who are not members of OPEC or those on the deal ? Like Norway, Brunei, or etc.

[gizmo]

People need to leave their car home and take a bicycle .

[ddbbtwr]

Central OH was 3.40 a couple weeks ago. It's now $4 but it maxed out at $5.15 before. It's going to keep going up people $8-$10 a gallon.

[judahbloodlines]

Ok... but what's the real reason???

[ismaelibrahem]

American oil companies have a cartel and they are setting domestic price of gas at a very high level to make abnormal profits. Previously when a barrel of oil sold at 140 dollar we paid 4 dollar per a gallon of gas. When the price of a barrel of oil was sold at 78 dollar about 10 days ago we paid about 4 dollar a gallon. Mathematically, the price per gallon should been about 2.25 dollar at most. But we paid 4 dollar, leaving 1.75 dollar extra profit per gallon. The extra profit means the original profits whatever it was now 1.75 dollar added to it. It is a double profit per gallon.
The higher price of oil is because of Biden's sanctions on oil from Iran, Venezuela, and Russia. In total Biden is taking 10 million barrel of oil of the oil market. Added to his sanction is the bombing of the Russian oil and gas pipelines by Biden and his dudes. Finally, OPEC + cut will start gradually in three months from now. The American Media sits the problems of oil price to Russia and OPEC+. But the fact is simple in that oil problem is due to Biden's sanctions and bombing and other domestic reckless decision about the environment. Biden can do whatever he likes but his decisions have costs on others. He does not see these costs.

[aidanhamilton]

If the demand for a product increases then the price will increase. Often ironically, but logically, if there is a projected shortage of a product that makes people think that the price is going to be higher, then, that will make people want to buy more of it now which increases the demand and further increases prices.

[FCEAGLE]

Love the smell of jet fuel in the morning!!

[oak]

:How can we suck money out of the useless eaters to satisfy our stockholders?" sums it up folks...

[ciaojeffitalia]

Brandon is a Failure on so many levels. The only success he has is skimming as a Politician.