CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline spiked 33 cents over the past two weeks to $4.71 per gallon.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price jump comes amid higher crude oil costs and tight gasoline supplies.

The average price at the pump is $1.61 higher than it was one year ago.

Nationwide, the highest average price for regular-grade gas is in the San Francisco Bay Area, at $6.20 per gallon. The lowest average is in Tulsa, Oklahoma, at $3.92 per gallon.

According to the survey, the average price of diesel rose 9 cents over two weeks, to $5.66 a gallon.

(17) comments

pdl603

Joke Xiden did that!!!

C.D.Reid

[thumbup][thumbup][thumbup]

#FJX IMPEACH BRANDON 2023!!!

Fredginrickey

Jawohl, Herr Reid, Herr Trumpy ist die ubermensch, Uber Alles, richtig?

newspostreader

I suggest you read this article then. When Biden moved to pass a bill to crack down on this, the Republicans said: "Oil is a global commodity and prices are set on the global market." You don't get to flip back and forth between blaming the President and blaming the global market. https://www.fredericknewspost.com/public/ap/house-passes-bill-to-crack-down-on-gasoline-price-gouging/article_886ae767-3261-527f-9434-472291c781e4.html

pdl603

I do get to blame him. He is in office and owns this debacle.

C.D.Reid

Yep. The [Chinese] buck stops at him.

shiftless88

Then we can blame Trump for COVID, pdl? I mean, he was in office so he owns it.

newspostreader

Exactly shiftless. Blaming the President is only accurate when it is convenient for Piddle and CD. The Republican lawmakers even say it is global, but yet it is still Biden's fault. [rolleyes]

MD1756

https://www.cnn.com/2022/03/24/energy/gas-prices-oil-production-wall-street/index.html "Fifty-nine percent of oil executives said investor pressure to maintain capital discipline is the primary reason publicly traded oil producers are restraining growth ... Today, oil companies are under enormous pressure from Wall Street to return cash to shareholders through dividends and buybacks, instead of investing in badly needed supply. ... Although US oil supply is expected to rise in the coming months, it remains well below pre-Covid output. That's despite the fact that oil prices have spiked to levels unseen since 2008. ... The United States produced 11.6 million barrels per day in the week ending March 18, according to the US Energy Information Administration. That's down 10% from late 2019. ... Current prices are well above the $56 per barrel average that oil companies told the Dallas Fed they need to profitably drill. Larger companies said they need per barrel prices of just $49 to turn a profit. ... Just 6% of executives polled by the Dallas Fed pointed to government regulations as the primary reason publicly-traded oil companies are restraining production growth. ... One oil executive in the Dallas Fed survey said the United States needs to raise production by about two million barrels per day in 2023 to balance global supply and demand. "It is looking unlikely that this will happen," the executive said, "which will result in sustained higher energy prices until the American consumer is pushed into recession." ..."

bhall74

Another Joementia apologist.

C.D.Reid

It's Trump's fault. Oops, I mean COVID'S fault. Oh crap, I forgot, it's Putin's fault. I wonder whose fault it will be tomorrow?

pdl603

Fox News political cartoon today is right on target with your comment CD.

Fredginrickey

Dark MAGAT

bhall74

[thumbup][thumbup][thumbup]

MD1756

Not even close. How is it anyone who is a free market person can blame the government for perceived inaction in the free market? Oil executives could ramp up production of U.S. oil but they have said they have no intention to do so. So are you getting on Biden's case for not trying to exert government control over the free market to force oil companies to pump oil? Are you now in favor of government actions and regulations?

pdl603

If that is the case, then tell Joke to call them to Washington and label them domestic terrorists.

MD1756

So, you are in favor of the government taking over the free market? You must have seen my other response that includes surveys of and quotes from Oil Executives.

Welcome to the discussion.

Keep it clean. No vulgar, racist, sexist or sexually-oriented language.
Engage ideas. This forum is for the exchange of ideas, not personal attacks or ad hominem criticisms.
TURN OFF CAPS LOCK.
Be civil. Don't threaten. Don't lie. Don't bait. Don't degrade others.
No trolling. Stay on topic.
No spamming. This is not the place to sell miracle cures.
No deceptive names. Apparently misleading usernames are not allowed.
Say it once. No repetitive posts, please.
Help us. Use the 'Report' link for abusive posts.

Thank you for reading!

Please log in, or sign up for a new account and purchase a subscription to read or post comments.