Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
Oil prices are up, and that affects people far and wide. Drivers pay more for gasoline, and truckers more for diesel.
The world and particularly the west desperately need to address their oil addiction. Business as usual is no longer acceptable.
24Higher oil prices are motivating people to move away from oil, hopefully toward electrification & renewables. Or at the very least, motivating people to lower their fuel consumption.
4How much of a reduction has this caused? Is it even measurable? I’m talking about a much more systematic change. A dramatic departure from cars as the primary mode of transit and electrification of any remaining transport is what’s needed. As well as a phasing out of oil in the chemical industry.
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While I genuinely feel bad for economically disadvantaged workers with long commutes in used vehicles, I can't help but notice most of the complaints about fuel prices come from people who: A. Shout down anyone trying to improve public transportation infrastructure by saying it can't work in rural areas (it can, and has), and B. Own outrageously large personal vehicles that guzzle gas and houses with 2+ stall garages.
I'll listen to complaining from anyone who doesn't fall into one or both of these two groups.
24Personally I think gas is still too cheap.
Gas should be prohibitively expensive. It’s price should reflect its impact.
Unfortunately this would crumble the entire US and possibly western economy. It works in most of the rest of the world because the commutes are smaller and the alternative transit is plentiful.
6The only times I see people like me, who prefer owning a car "shouting down" people adcovating for better public transport, is when people suggest I should get rid of my car and ride a bus instead. A good public transportation system is a net-good for everyone, and in no way inconveniences me especially if I never even use it. It's not busses and trains I have an issue with - it's the naive city dwellers who thinks that because they get around just fine without a car then anyone would.
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The world’s second-largest oil supplier has slashed production by 1 million barrels a day since July and decided this month to extend the cut through the end of the year.
Leon said the Saudis will review the cuts each month — and could add barrels back if prices spike to levels that could seriously worsen inflation in countries buying oil.
Oil costs are keeping gas prices high even as driving demand drops with the end of summer vacations and plentiful gasoline stocks, according to auto club AAA.
Oil is Russia’s main moneymaker, so higher prices help the Kremlin pay for its invasion of Ukraine and weather sweeping Western sanctions aimed at crushing its wartime economy.
The recent rise in oil prices, along with a cutback in the discount that sanctions forced Russia to offer Asian customers, means Moscow will earn “significantly more revenue from those exports,” said Benjamin Hilgenstock, senior economist at the Kyiv School of Economics.
The administration is also in touch with domestic and international producers on longtime supply needs, trying to ensure that the risk of higher oil prices does not disrupt economic growth.
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1That's making gas more expensive for US drivers
yeah no kidding lol
1How much are you paying at a gas station?
Here in Germany it's 2€/liter
3Gas near me is about $3.25 per gallon, which (assuming my math is correct) is about 0.82 Euro per litre.
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