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BumRushDaShow

(168,258 posts)

17. "So please explain why the price of crude in the Persian Gulf affects the price of gasoline in the United States."

Reply to Mosby (Reply #15)

Sun Mar 1, 2026, 03:36 PM

Yesterday

Because the prices of crude are set "globally" and that will eventually trickle down to the cost of the byproducts of it coming out of the refineries that crack it into gasoline and other hydrocarbon fractions.

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$100 oil? Prolonged Hormuz closure could spark a 1970s-style energy shock [View all] BumRushDaShow Yesterday OP

Somehow I doubt a 2020's oil shock will go so well for Orange Julius as the 1973 oil embargo did for Dick Nixon Vogon_Glory Yesterday #1

Agreed. paleotn Yesterday #6

I'm glad I went electric n/t Polybius Yesterday #2

I'm glad I don't drive much! moonscape Yesterday #24

Yeah, but we have all that Venezuelan oil Bayard Yesterday #3

Forget the sarcasm emoji? paleotn Yesterday #7

I didn't think it was necessary, but okay Bayard Yesterday #9

Considering the situation in Venezuela too, maybe MAGA wants higher oil prices? IronLionZion Yesterday #4

That last part. Exactly. paleotn Yesterday #8

Yes. nt wiggs Yesterday #12

It's times like this, I'm glad I work from home Javaman Yesterday #5

The nation wide average price for a gallon of regular gas is just shy of $3 with a barrel of oil at $50. flashman13 Yesterday #10

The correlation is superficial, the price of gas is based more on demand and Mosby Yesterday #13

If a barrel of oil costs $100, producers can not sell gas for $3 a gallon. That's a fact. flashman13 Yesterday #20

I did fill up, at costco. Mosby Yesterday #21

Same here. Costco price was $2.79. flashman13 Yesterday #22

trumps is hoping this happens prolong Hormuz closure republianmushroom Yesterday #11

But that's ok BaronChocula Yesterday #14

The United States is an oil exporter. Mosby Yesterday #15

How about I waste NO time BaronChocula Yesterday #16

"So please explain why the price of crude in the Persian Gulf affects the price of gasoline in the United States." BumRushDaShow Yesterday #17

The official story Mosby Yesterday #18

I was born and raised in the city that had the largest number of oil refineries on the east coast BumRushDaShow Yesterday #23

It just hit over $5.00+ a gallon here CountAllVotes Yesterday #19