Biden’s October Surprise Is Even Higher Gas Prices, Experts Say

[mystery-ak]

Biden’s October Surprise Is Even Higher Gas Prices, Experts Say


Jack McEvoy
Energy & Environment Reporter
October 11, 2022 9:18 PM ET

    National gasoline prices will rise to over $4 a gallon due to growing fuel demand and the Organization of Petroleum Exporting Countries’ oil production cuts, experts told the Daily Caller News Foundation.

     “The higher crude oil prices along with a general increase in gasoline demand will drive the gas prices at the gas stations higher,” Rohit Rathod, a senior oil market analyst at Vortexa, told the DCNF.

    “They’ve chosen to go after the oil industry for war profiteering and price gouging while they are canceling pipelines and instituting drilling moratoriums,” Phil Flynn, a senior energy analyst at The PRICE Futures Group, told the DCNF.

Nationwide gasoline prices will surpass $4 per gallon as oil prices spike thanks to rising winter demand and the Organization of Petroleum Exporting Countries’ (OPEC) heavy production cuts, experts told the Daily Caller News Foundation, endangering Democrats’ midterm hopes.

Gas prices across the country have been rising for nearly three weeks and may go up even further after OPEC and its Russia-led allies, together known as OPEC+, cut daily production by over two million barrels of crude oil on Oct. 5, causing crude oil prices to increase, experts told the DCNF. The nationwide average gas price sits at $3.92, which is 14 cents higher than the gas price on Sept. 29, according to AAA data. (RELATED: Top Oil Industry Groups Hammer Biden Admin’s Plan To Ban, Limit Fuel Exports)

“The price of crude oil is up about $10 over the last week as it became apparent that the group [OPEC] was contemplating a big cut,” Mark Finley, a fellow in energy and global oil at Rice University’s Baker Institute, told DCNF. “$10 a barrel is roughly equivalent to 40 cents per gallon at the gas station.”

The price hikes throw a wrench in Democrats’ midterm plans; the White House is desperate to keep gas prices low as it believes that prices at the pump heavily influence voters’ perception of the economy, Politico reported in May. At the same time, the Biden administration is attempting to blame oil companies for “price gouging” as price hikes at the pump may hurt the Democrats’ odds in the November midterm elections.

The Biden administration has released 155 million barrels of oil from the nation’s emergency stockpile since April to help lower high gas prices that were caused by supply constraints exacerbated by Russia’s invasion of Ukraine, according to the Department of Energy (DOE). Gas prices fell for nearly 100 days straight after peaking in June; however, they began rising again on Sept. 22.

more
https://dailycaller.com/2022/10/11/biden-october-surprise-high-gas-prices/

[Smokin Joe]

Oops, gas wasn't supposed to go up until after the mid-terms so Biden could claim he'd brought the price down...

[rustynail]

Speed limiter proposal eyes June 2023 unveiling

By next summer, the Federal Motor Carrier Safety Administration expects to unveil a proposal requiring most commercial motor vehicles to use speed limiters.

https://landline.media/speed-limiter-proposal-eyes-june-2023-unveiling/

[deb]

Speed limiter proposal eyes June 2023 unveiling

By next summer, the Federal Motor Carrier Safety Administration expects to unveil a proposal requiring most commercial motor vehicles to use speed limiters.

https://landline.media/speed-limiter-proposal-eyes-june-2023-unveiling/

Oh goodie. We can anticipate the 55 mph speed limit again.

[mountaineer]

It's gone up to the $3.99 neighborhood around here, having been in the $3.20s just a couple weeks ago.

Of course, another October surprise may be the nuclear armageddon about which Joe is so excited.

[Wingnut]

Oh goodie. We can anticipate the 55 mph speed limit again.

Gas lines? Thermo's set at 65 in the winter. Can we please get a  Biden Malaise speech?

[christian]

Democrats have been testing Americans to see if they can be so stupid as to go along with society/national suicide.  Are people satisfied how far we have gone in that endeavor yet?  WELL?
The Biden SAVIOR of death to society.  A healthy society supports a candidate that supports healthy government and its people.  A evil cancerous leader leads its society over the cliff, to certain death.  Which one do we have now, and who gave this leader this power last President election?  Fools are not satisfied until they can die of being a fool, themselves or their nation.
Here we are!

[GtHawk]

Joe Biden is Jimmy Carter on steroids with none of the brains(and there never was much with Jimmuhs policies).

[Hoodat]

It's gone up to the $3.99 neighborhood around here, having been in the $3.20s just a couple weeks ago.

I had seen it drop to $2.91 in Louisiana a few weeks back, but it is now well north of $3 again.

[Bigun]

Six weeks ago, I paid $3.70 a gallon for off road diesel here. Yesterday it was $4.25.

[GtHawk]

Six weeks ago, I paid $3.70 a gallon for off road diesel here. Yesterday it was $4.25.

Here in southern Californication by me regular at Arco is 5.59 and diesel 6.39! I find it insane that one gas is sooo much higher here even taking into account the crazy taxes, but also that diesel is .80 cents higher than regular! But hey the democrats have got their shit together one moron is running adds trumpeting her work on lowering gas prices and also how she is pro abortion while her republican opponent is pro life....what an absolute moron if she thinks those are winning strategies

[christian]

So many fought so hard for a democrat one party system, tyranny that promised greatly higher fuel prices, and energy scarcity.  They got their way, listen to them bawl like new born babies,  denial won big, didn't it, and fools loved to hear every lie told.

Remember, they really meant it they insisted we HAD TO HAVE $10;00 A GALLON GASOLINE, and fools won't be happy until they get it.  They can then bawl much louder.
 

[sneakypete]

@mystery-ak

I'm calling Bull-Bush on this one. Anybody with a pulse has known  practically ever since Biden took office that the price of gasoline and everything else was going to go through the roof.

The Dim plan from the beginning has been the same as the Stalin Plan. Bankrupt all the businesses in order for the economy to collapse,thus making EVERYBODY dependent on the government for EVERYTHING.

[christian]

The democrats have engaged in the transfer of energy, money, jobs, technology, military weaponry, out of this country and now its much clearer, the political speech like from our from enemies, foreign countries.  Many of the democrat speakers and Joe Bob Biden speak to now just like Bagdad Bob spoke to his people with outrageous lies and deceit.  Bagdad Bob Joe B is our multinational speaker-leader and shamelessly so.  Who new our future and leaders would be so Muslim, Communist leaning! ?  Christian void for sure.  The willfully blind lock-stepping deniers fell for it hook line and sinker.