Gage Skidmore via Wikimedia Commons

A massive increase in the price of gasoline is likely under way and may push prices up to four dollars a gallon or more in many areas of the US over the summer.

Over 120,000 individuals employed in the oil and gas industry lost their job in the US last year, and numerous oil wells were capped and ceased pumping after the coronavirus lockdowns sent the price of oil crashing.

And many companies have now announced that they likely won’t be increasing production again even if prices surge.

As MSN reports:

An accelerating rollout of vaccines in the United States is expected to turbocharge the American economy this spring and summer, encouraging people to travel, shop and commute. In addition, President Biden’s coronavirus relief package will put more money in the pockets of consumers, especially those who are still out of work.

Even before Congress approved that legislation, oil and gasoline prices were rebounding after last year’s collapse in fuel demand and prices. Gas prices have risen about 35 cents a gallon on average over the last month, according to the AAA motor club, and could reach $4 a gallon in some states by summer. While overall inflation remains subdued, some economists are worried that prices, especially for fuel, could rise faster this year than they have in some time. That would hurt working-class families more because they tend to drive older, less efficient vehicles and spend a higher share of their income on fuel…

Yet, even as they are making more money thanks to the higher prices, industry executives pledged at a recent energy conference that they would not expand production significantly. They also promised to pay down debt and hand out more of their profits to shareholders in the form of dividends…

Scott Sheffield, chief executive of Pioneer Natural Resources, a major Texas producer, predicted that American production would remain flat at 11 million barrels a day this year, compared with 12.8 million barrels immediately before the pandemic took hold.

 

 

 



Comments

  1. It has already doubled here. I told my (democrat) wife that it’ll be $4 per gallon by summer, and that’ll fix those Trump supporters like me. My insulin has gone up 75% as well. That’ll fix me (R), because this doesn’t effect Biden supporters at all.

    1. How does she feel about sleepy Joe now that you have to pay higher gas prices and higher prices for your insulin? This is no insult intended but most of sleepy Joe’s followers could care less about higher anything even if it is a spouse.

      1. I DON’T KNOW IF HE CAN REALLY COME UP WITH AN ANSWER BASED ON WHAT HE SAID ABOUT HIS DEMONRAT WIFE. I AM A LUCKY MAN I HAVE A SMART WIFE AND KNEW WHO TO VOTE FOR AND HAS COMMON SENSE IN ECONOMICS ABOUT THE HOUSE AND COUNTRY. OH YES, SHE DISLIKES ILLEGALS ALSO LIVING IN SAN ANTONIO- YOU HAVE NOT LIVED UNTIL YOU HAVE TO FORCE THEM FROM YOUR YARD ON A WEEKLY BASIS. THEY ARE LIKE FIRE ANTS STEALING EVERYTHING THAT IS NOT MADE OF CONCRETE OR WELDED TO SHEET STEEL. THEY WILL STEAL THE STINK OFF DOGGIE DOO DOO!!!!!!!!! HOW DOES HE IVE WITH A “DEMONRAT” FOR A WIFE- LIVE-IN OR WHATEVER KNOW WHAT HAS HAPPENED TO THIS COUNTRY BECAUSE OF THIS IGNORANT JERK BIDEN!!! THIS GUY NEEDS A HOSPITAL FULL OF SHRINKS TO KEEP HIS MIND AT LEAST SANE TO DO DEAL WITH A WIFE BEING DEMONRAT . I”LL BET SHE IS A REAL CRACKER JACK- SHE COULD BE STACKED TO THE ROOF AND HAVE A BUTTT LIKE A GOVERNMENT MULE AND I WOULD NOT PUT WITH DEMONRAT BS ON A HOUR TO HOUR BASIS. HE IS A BETTER MAN THAT I AM- AND I HAVE BEEN WITH THE SAME WOMAN SINCE ELEMENTARY SCHOOL IN THE FIRST GRADE THAT IS NOW 56 YEARS AGO. I’M THE LUCKY MAN HERE LOOKS LIKE TO ME!!!!!!!!!!! WE ARE BOTH CONSERVATIVE REPUBLICANS AND WILL DIE THAT WAY- HAPPY WIFE AND HAPPY LIFE -NO DEMONRAT IN MY HOUSE OR BUSINESS!!!

      2. I have one of those spouses and all I hear is “I don’t want to talk about it.” Frankly I think they are embarrassed of the old fool.

    2. THAT MUCH BE SOME REALLY GOOD STUFF TO HAVE TO LIVE WITH A DEMONRAT THAT IS TRYING TO DESTROY THIS COUNTRY BY THE DAY. I NEVER HAVE SEEN ANY OF THAT STUFF WORTH THAT- THERE IS TO MUCH REPUBLICAN STUFF OUT THERE TO HAVE TO PUT UP WITH THE DEMONRAT BASE OF FLUID LIES ONE RIGHT AFTER THE OTHER- THE GARBAGE IS ENDLESS. YOU MUST BE PW’D OR ANY OLD STUFF WILL DO!!!

  2. & TX Freeze shows weak our Grid is to weather etc alone thus NO EV use?
    Or other?
    Sample CA gas prices

    1. We’re stuck with him at least for two more years until the Republicans take back the majority of the House and Senate. Then they can bring articles of impeachment and remove him. The Dems opened pandoras box when they lowered the standard for impeachment and it will come back to haunt them. In the last impeachment against Trump, the Dems gave no Due Process protections. No witnesses were called, and no documentation was presented. All the Dems needed was a simple majority to bring articles of impeachment and yet they couldn’t get enough votes to remove him. The Bible says “Do upon others as you would have them do unto you.” Well, lets use their line of thinking and do as they wish-bring articles of impeachment if they take back the majority.

      1. WHY NOT DO THIS NOW- HE IS DANGEROUS TO EACH AND EVERY AMERICAN CITIZEN LIVING IN THIS EMBATTLED COUNTRY. THEY DO A COUP AGAINST DJT- WHY CAN’T THE VERY SAME STYLE COUP BE DONE TO RESTORE INTEGRITY AND SAFETY PLUS THE ECONOMY TO OUR COUNTRY. IMPEACH THE SOB’S – ALL OF THEM AND FORCE A NEW ELECTION WITHOUT THE BALLOT BOX THEFT IN ALL THE STATES!!

    2. HOW ABOUT YESTERDAY- HE IS GOING TO BANKRUOT THE COUNTRY AND IF WE DON’T RISE UP AND REVOLT IN OUR WAY – WE WILL BE NO MORE! DEMONRATS ARE LIARS AND THIEVES AND ARE OUT FOR THEMSELVES AND NOT ANYONE OUTSIDE THEIR REALM OR PARTY. I THINK OF THEM AS THE ENEMY AND I HAVE A YOUNG DAUGHTER THAT IS GOOFY AND VOTED FOR BIDEN BECAUSE OF SHE DID NOT LIKE TRUMPS HAIR COLOR OR STYLE- NOW THAT TAKES AND INTELLIGENT EDUCATED IDIOT TO THROW A VOTE AWAY FOR A REASON LIKE THAT. SORRY- WE HAVE A LIMITED VOCAL RESPONSE TO QUESTIONS THAT ARE RELATED TO DEMONRATS AND HOW THEIR MINDS AREN’T WORKING CORRECTLY. SHE IS YOUNG AND DUMB AND WE ARE SEASONED FOLKS OF 74 YEARS EACH AND HAVE SEEN THINGS LIKE THIS BEFORE- AND WE BOTH MADE OUT POLITICAL PARTY DECISIONS WHEN WE WERE IN OUR EARLY 20’S. 54 YEARS AGO!!! NEXT TIME IF WE EVER HAVE ANOTHER ELECTION IN THIS COUNTRY REMEMBER THE $4 BUCK A GALLON GAS PRICES AND THE BORDER CRISIS HE IS ENCOURAGING BY HIS IGNORANCE AND HATE TOWARDS THE AMERICAN WORKER AND TAX PAYER. HOW DO WE GET BACK TO WHERE WE WERE WITH MY PRESIDENT DONALD J. TRUMP? I LOOK TO SEE A BLOODY REVOLUTION SOON IN THIS COUNTRY . THE 70-80 MILLION TRUMP VOTERS ARE TIRED OF HIS CRAP ONLY 50+ DAYS INTO A 4 YEAR STENT. I KNOW I AM!!!

  3. Yes, this is what happens with a leftist Democrat economy. I hope you enjoyed the prosperous Trump economy with low inflation and low fuel prices while it lasted because you won’t see it again for at least 4 LONG years. Fuel prices are already going up on just the expectation of the Biden economy. Wait until it actually kicks in.

    1. I hate to have to say it this way but If this country ever needed something to show the people that we are not a socialist country, then this is it. I truly believe this will be the last line of defense the Dems have to try to move this country into a socialist country. The worse things get, the better off we will be. And remember, we have the 2022 midterm election and that will be the test as to whether or not the republicans take back the majority in the House and Senate. I believe they will. And if they do, then they can introduce bills to nullify all of the Executive Orders and laws enacted by the Dems without any input from the Republicans. So really, we don’t have to wait four more years. We can immediately begin to work in 2022.

      1. WE MIGHT NOT HAVE A COUNTRY TO DO ANYTHING WITH IN 2022- THE WAY THIS GOOF IS SIGNING CRAP INTO LAW JUST TO SHOW HIS HATE FOR DJT AND THE AMERICAN PEOPLE AND THE WORKERS THAT KEEP THE LIGHTS ON FOR EVERYONE!!! THE REPUBLICANS WERE JUST RIDING ALONG THINKING WE HAD THIS IN THE BAG AND THE DEMONRATS WERE TO BUT THEY HAD THE SINSITER PLAY TO STEAL THE ELECTION RIGHT UNDER OUR NOSES. AND THEY DID THIS WITH THE HELP AND BLESSING OF THE BIG TECH AND THE SUPREME COURT JUSTICES THAT ARE TO PROTECT SUCH GARBAGE FROM HAPPENING BY MAKING SURE THE RULES ARE NOT SUSPENDED BY ILLEGAL MEANS LIKE IN NOV. 3RD. I’D BET MY LEFT STONE – THE NEXT ELECTION WILL BE A FLOOD OF REPUBLICANS EVEN IF THEY HAVE TO CALL 911 FOR AN AMBULANCE TO GET THEM BREATHING TO A POLL LOCATION. NO MORE SITTING BACK ON OUR HANDS AND TRUSTING OUR FELLOW CITIZEN TO BE FAIR AND ABOVE BOARD AND FOLLOW THE RULES AS STATED AND PRINTED.. THE DEMONRAT CAN’T BE TRUSTED WITH OUR OLD TOILET PAPER SPOOLS TO BE DISPOSED OF IN A PROPER MANNER. THEY ARE LIARS THIEFS AND MOST OF ALL NOW ARE SOCIALIST/COMMUNIST. IF THIS COUNTRY DOES NOT RISE UP AND CAUSE THE COURTS TO GET INVOLVED AND MAKE THE RIGHT DECISIONS REAL SOON- WE ARE IN FOR A BUMPY RIDE OR A COMPLETE CRASH AND BURN- WELL WE ALREADY HAVE THE BURN WITH THE ANTIFA THUGS AND THE BLM – BLACK LOSER MINORITY BURNING EVERYTHING THEY DON’T LIKE – WE NEED A TOUGH PRESIDENT TO SAY THIS IS ENOUGH AND APPLY TOUGH PRESSURE AND SENTENCES TO THE VIOLATORS. WE SHOULD HAVE ANONYMOUS SNIPER TEAMS THAT WHEN THEY SEE A FIREBOMB ABOUT TO BE DEPLOYED A SINGLE LAPUA ROUND NEEDS TO COME CRASHING THROUGH THEIR HEADS AT A VELOCITY UNHEARD OFF – BY DROPPING A FEW OF THESE WONDERFUL TERRORIST WHERE THEY STAND WITH THE BURNING FIREBOMB IN THEIR HANDS- IT WILL GET THROUGH THE RANKS WITH THE SPEED OF BIDEN TELLING THE THRONGS OF MS-13 SCUMBAGS IN CA OUR PEOPLE ARE HERE FOR YOU TO ROB AND RAPE AND MURDER AT WILL ON YOUR WAY TO THE MIDDLE OF OUR COUNTRY TO DESTROY WHAT IS LEFT OF OUR GREAT LAND. THIS A TOTAL CRIME AND A SHAME THAT AMERICA WILL NEVER LIVE DOWN- ALL THANKS TO THIS SOB BIDEN AND HIS CREW OF SCREWBALL COMMUNIST!!

      2. The solution to our economic and cultural debacles will not be solved in Washington. Those people are beyond redemption as far as their political functions are concerned. They are Globalists, and each day they’re revealing this ideology at our borders, and in foreign conflicts. The American people can only address our Constitution to demand our sovereignty, civil rights, and to limit what our leaders can do. We should NEVER put our cultural/economic eggs in their basket. We can do this ourselves, including sealing our borders.

  4. If it brings about Joe Bidens epic failure and the overthrow of the tyrannical Democrats, then it is just a necessary evil and short lived hardship.

      1. THERE IS A MENTALITY BARRICADE IN A DEMORATS BRAIN- THEY HAVE NO COMMON SENSE OR DECENCY THAT IS MEASURABLE TO THE WORKING PERSON OF THIS COUNTRY. ITS A GIVEAWAY – STAY HOME AND BREED BREED BREED KIDS SO THEY CAN BREED MORE AND MORE KIDS FOR THE WORKER PARTY TO FEED AND HOUSE FOR DECADES TO COME. THE BUILDS A VOTER BASE OF IDIOTS THAT CAN’T THINK FOR THEMSELVES- HOLD A JOB BECAUSE THEY HAVE NO SKILLS AND BREED EVERYTHING THAT HAS AN ORIFICE. WHEN A PEOPLE GOING TO WISE UP- WHEN A ROPE NEEDS PULLING TO PULL A HEAVY LOAD ALL HAVE TO GRAB ONTO THE ROPE AND PULL SO IT WILL MOVE – BUT WITH THE DEMONRATS AND THEIR ONE SIDED COMMUNISTIC THINKING – IT WILL BE DEMONRAT LED ELECTION WHERE ALL THE ILLEGALS COMING IN THROUGH BIDENS GIANT WELCOME AND HERE IS YOUR OPEN GATE TO OUR COUNTRY POLICY- IT WILL BE HARD FOR THE REPUBLICIAN PARTY TO WIN AN ELECTION IF THIS IS NOT STOPPED AND THE ELECTION SYSTEN IS NOT REVAMPED FOR FAIRNESS TO BOTH PARTIES. WAKE UP AMERICA- NOT WOKE UP AMERICA-YOU SEE WHAT THEY ARE DOING EVEN TO KIDS CARTOONS- WHERE AND WHEN TO WE SAY YOU ARE NOT GOING TO TAKE MY LIFE AND MY CHILDRENS LIFE AWAY FROM THEM BECAUSE OF YOUR STUPIDITY AND PURE IGNORANCE!!!

    1. I totally agree with you. We only need to wait until 2022 especially if the Republicans take back the majority in the House and Senate. Then things can start turning around at that point.

    2. BUT THE HARDSHIP WILL BE JUST ENOUGH FOR SOME ROGUE COUNTRY LIKE CHINA OR IRAN OR RUSSIA TO INVADE OUR COUNTRY- THEN I HOPE THE VISIT EVERY DEMONRAT FIRST AND THEY DESERVE TO BLEED AND DIE FIRST. THEY BROUGHT THIS ON THEIR-SELVES WITH BIDENS PENCIL AND IGNORANCE OF HOW TO RUN A COUNTRY. WE MAY NOT HAVE A COUNTRY TO REBUILD WITH YOUR THINKING BEFORE TO LONG. I MEAN MONTHS TO ONE YEAR. DON’T TRY AND PAINT A PRETTY PICTURE OF JUST A LITTLE HARD TIME 4 DOLLAR GALLON GAS AND $6 A GALLON DIESEL- THAT WILL KILL THE ENTIRE TRANSPORTATION INDUSTRY OF OVER THE ROAD TRUCKING AND FOOD PRICES WILL GO OUT OF SIGHT- THEN IT STARTS TO CRUMBLE ONE INDUSTRY AT A TIME UNTIL IT KILLS THIS COUNTRY LIKE A LAPUA TO THE BRAIN AT A 1000 YARDS!!! I WOULD NOT TAKE THIS AS LIGHTLY AS YOUR ARE- THATS JUST DOWN RIGHT WRONG TO SAY WE HAVE TO ENDURE WHILE BIDEN AND CRIMINAL CREW RAVAGE THIS COUNTRYS PEOPLE AND ITS ECONOMY! WE NEED TO TAKE OUR COUNTRY BACK FROM THIS BUNCH OF DEMONRATS AND AS- WIPES BEFORE WE HAVE O COUNTRY TO TAKE FROM ANYONE.

  5. Hell ,it was $5.00 last time China Joe had his hand in on it. Maybe he is trying to raise money for his son’s bail?

  6. Democrat/socialist puppet President Joe Biden has gone from being senile, to incompetent, to putz and is fast approaching certifiable crazy; all in less than 2 months!

  7. And this is what the Democratic Party does for the average American. Raise the. Price of gasoline at the pump and see the domino affect in the rise in cost of food and everything else. All this in the name of saving the planet. I certainly hope the 80 million of you who voted for the senile old white racist man enjoy it because U2 will be paying four dollars a gallon and higher electrical cost to heat and cool you’re home and want money to buy your groceries.

    1. I liked old Santa Monica. Nice beaches and laid back people. One element they could do without was the Fonda Factor. It looks like the L.A. gentry will soon need financing for coffee houses.

  8. well with DEMENTIA JOE and KAMAL TOES running things $4.00 A Gallon Gas will be cheap it will be more like $6-7.00 A GALLON BIDEN DOESN’T CARE !

  9. Biden and the rest of the demoscum don’t care about America or it’s citizens. As long as their money, food, and luxurious life style keeps on we the people can starve and die.

    1. Maybe not starve, but we’ll have to grovel. We’ll also be regimented to mimic the Three Monkeys: Hear no evil, See no evil, Speak no evil. Naturally, liberals will define what’s evil.

    1. Well, at least we’ll have clean Trans-Species Restrooms at those filling stations. I guess like fighter pilots, we’ll all have to be labeled with a preferred pronoun call sign.

  10. The problem isn’t just that gas is going up; when Trump made us energy independent, it lowered oil price throughout the world. This caused a lot of pain to Russia, Iran and other Middle East countries. Now that Biden has stopped oil production in the U.S., it is enriching our enemies. Biden and the Democrats are strategical buffoons. They have no idea how the world works or how entwined the world is. You cannot run a country on emotion. These Dems have never created a business or a job in the private sector. They have no real idea how the world works, it’s all theoretical and bad theories to boot.

    1. “Now that Biden has stopped oil production in the U.S., it is enriching our enemies.” Probably. The question is whether these measures enrich the Biden Family.

  11. Production will increase the companies won’t miss out on the chance to profit from it. The increase however will likely be very gradual so prices won’t plunge from a increase in supply.

      1. There’s already technology in place to wean Americans off of fossil fuels. Restoring American Sovereignty should be our chief concern. Relinquishing the foreign oil cartel grip on our bal…uh..lower portions..will go a long way toward getting our nation OUT of the Middle East, and also from under the yoke of Big Oil.

  12. No, he’ll cause $6.00 per gallon gas. One aspect of these shenanigans needs research: Does Biden or any of his family members own energy stocks? Oil Stocks in particular. I wouldn’t put anything past this clown. Liberals raise Taxes/Fees/Fines/Foibles/Funds. It’s what they do. HOW they do this is grist for conjecture, but if you relish having your costs of living skyrocket (While your culture gets embroiled in Transgender Restroom Protocol Enforcement..) they’ll never disappoint.

  13. No doubt about it. For the first time in almost 4 years the National New is talking about Opec and it production for gas prices. And down we goooooooooooooooooooooo

  14. We will be lucky if we can get gas or electricity before long. I am digging an underground home and stacking tons of firewood.

  15. So if gas prices have been raising for over a years why would it be that Biden had any thing to do with it.
    Now stopping a pipe line which was not even suppose to be finished for 3 more years minimum, had nothing to do with it. OPEC calls the shots not the petroleum industry or the President. The oil we pump in not what is needed to make cheaper gasoline, that comes from the Middle East, now Canadian Oil Sands oil is the hardest to refine and cost more in the end, and that is what the shut down pipe line was suppose to transport.

  16. I AM SO HAPPY I WAS SMART ENOUGH TO SEE THROUGH THE DEMONRAT POLITICAL IGNORANCE. $4 DOLLAR GASOLINE THAT CAN’T BE STORED MORE THAN A MONTH WITHOUT IT GOING SOUR. AND WE WILL HAVE TO PAY THE BIDEN INTELLIGENCE BLOOD MONEY OF 4 DOLLAR + A GALLON WHILE THE GOVERNMENT – OR US WILL FURNISH HIS WORTHLESS BUTT WITH FULL SECURITY AND FUEL FOR HIM TO SCOOT AROUND IN ONE OF THE MANY BEAST THAT MOST LIKELY GET 3-4 MILES PER GALLON ON A GOOD DAY. BUT WE THE FOLKS AND WORKERS THAN MADE THIS COUNTRY GREAT AND WORKED OURSELVES INTO EARLY GRAVES FOR THIS GREAT LAND- NOW HAVE A POS LIKE THIS TO FORCE US NOT TO BE ABLE TO LIVE LIKE AMERICANS HAS FOR DECADES IN THE PAST.
    AND IT ALL BECAUSE THE DEMONRATS STOLE THE ELECTION WITH FORGED BALLOTS AND CHANGED VOTES – AND NOW WE SEE WHAT IS OUR FUTURE IS WITH FOOLS AND THE REST OF HIS CRIMINAL COHORTS!! HOW PROUD ARE YOU OF OUR GOOD OLD DEMENTIA COVERED FROM HEAD TO TOE PRESIDENT NOW. THESE FOOLS HAVE ENOUGH STOLEN MONEY FROM YEARS OF POLITICAL THIEVERY TO LAST THEM IF THEY WERE TO LIVE TO BE 5OO YEARS OLD. BUT WHAT ABOUT THE HARD WORKING AMERICAN TRYING TO POUND OUT A LIVING IN THE BIDEN ERA.
    NO FOOD AT THE STORES- NO AMMO FOR OUR SELF PROTECTION- AND HIS IGNORANT GUN CZAR – YOU THE IDIOT FROM ELPASO. THE ONE AND ONLY BETO O’ROURKE THE HEAD BUTTTT KISSER OF ALL. IF BETO HAD 2 KEYS TO A FORTUNE IN GOOD AND BOTH KEYS WERE THE SAME- HE WOULD HAVE A HARD TIME IN CHOOSING WHICH KEY TO IN THE LOCKS FIRST. THIS IS A STUD OF A FOOLS IF THIS COUNTRY HAS EVER SEEN ONE!!!

  17. In California, gas prices are well above $4.00 per gallon and rising. Ain’t it wonderful. And that’s only the beginning!! Bring back the pipeline!!!

  18. The gas is already $4.5 and propane $3.2 in California.
    Don’t wait today MUST sue Nancy Pelosi for gross negligence causing the wrongful dead of Ashli Babbit in the Capitol riot, she was unarmed, who gave those orders to the the Capitol police to shot an unarmed person without first giving prior notice of that they will be shooting at them , violating the law.
    No one is above the Law not even the POTUS, Nancy fired the experienced Capitol chief of police days before the riots and placed an inexperienced person to be in charge, refused the offer from the POTUS TRUMP to have 10,000 troops to stop riots in DC, there are multiple videos that show how the Capitol Police let the rioters in the Capitol and also guide them to the chambers then inside to ambush them and gun down an innocent person.
    We The People want the Law to be upheld even to everyone, no one is above the LAW.
    Now the say the Capitol police that shot Babbit is in hiding who is helping him to do so, and why they haven’t open an investigation!!!.

  19. Thanks to his ‘executive’ orders gas in the area where I reside has gone up 60 cents since he started his mess.

  20. Dems want prices higher than $4/gal to get us out of our cars and dependent on public transport in order to keep us in our “place” in centralized government housing. I know this because we had 5 years of that crap in our University Architecture and related courses back in the late 60’s. All this Communism has been in the works for over a half century now. High energy prices and environmentalism is just a part of the takeover (transformation) of the country.

    1. I’m all for renewable/alternative energy. Not because of “Global Warming”, but to unleash the foreign oil noose from around our necks. Technology today is capable of developing these energy sources. In the meantime, we can supply our oil/gas needs from domestic sources.

  21. Well another hit from Biden and the desperate deplorable dumboRats F you America Biden’s words constantly to us all and they wonder why their hated so much, duh get a clue a holes!

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