#price of gas

[princess-space-angel]

I think I'm gonna start putting gas cards on my wishlist for nudes. 😅🤣😂 flash my ass for gas! 🚗🍑

#me #who am i kidding #kidding not kidding #price of gas

[dreaminginthedeepsouth]

LETTERS FROM AN AMERICAN

October 5, 2022

Heather Cox Richardson

Today the OPEC+ oil cartel announced it will cut output by 2 million barrels a day, beginning in November. Since the world currently consumes about 100 million barrels of oil a day, this will be a cut of about 2%.

OPEC is short for the Organization of Petroleum Exporting Countries. It includes 13 member states, led by Saudi Arabia, and produces 44% of the world’s oil. Eleven other countries work alongside OPEC and make up OPEC+. Those additional countries include Russia, and together with OPEC, they control more than half of the world’s oil, about 55% of it.

OPEC+ countries cooperate to reduce market competition and raise prices.

The cost of oil has dropped steadily during the course of the summer, falling about 32% until it fell below $80 a barrel for the American oil the U.S. uses as a benchmark. With today’s announcement, the price of a barrel of oil started to move upward again.

The decision of OPEC+ to cut production is not simply about prices. It is about the ongoing struggle over democracy playing out in Ukraine, as the Ukrainians fight off the Russian invaders.

The Russian economy depends upon oil sales, and the U.S. and European Union have sought to cut into that money to hurt Russia’s ability to continue its attack in Ukraine. A day ago, after Russia illegally annexed four regions of Ukraine, the 27 member nations in the European Union joined the G7 (which is made up of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States) to set a price cap on Russian oil, in addition to another round of sanctions. Theoretically, this plan should have enabled countries that need Russian oil for heat this winter to get it, while keeping the prices low enough to starve Putin’s war efforts.

Russia is co-chair of OPEC+ and is desperate for oil money, on which its economy depends. That economy is crumbling under international sanctions, and Russia’s oil production has dropped about a million barrels a day at the same time that the country has been forced to discount its oil to sell it. As Russia’s invasion of Ukraine is failing, it needs more money, and Russia asked for the OPEC+ cuts to increase prices.

“It’s clear that OPEC+ is aligning with Russia with today’s announcement,” White House press secretary Karine Jean-Pierre said, and OPEC+ delegates said the move was, indeed, a big win for Russia.

Biden took heat earlier this year when he traveled to Saudi Arabia to ask leaders to increase production, in part to ease gas prices here in the U.S., which soared after the economy came roaring back after the worst of the pandemic passed and after Putin invaded Ukraine. At the time, the Saudis increased production slightly, but this announced cut makes Saudi Arabia’s rejection of Biden’s request clear, even though the Saudi energy minister, Prince Abdulaziz bin Salman, said that OPEC+ was simply trying to stabilize markets in the face of a cooling global economy.

It is not immediately clear just how badly this development will hurt prices as the global economy slows and there is less demand for oil. Still, the announcement of the cuts a month before the U.S. midterms certainly seems like an attempt to influence U.S. politics. It is no secret that Saudi leaders cultivated the Trump family, which returned their overtures, and last year, Saudi leader Crown prince Mohammed bin Salman overruled the advisors of the main Saudi sovereign wealth fund to invest $2 billion of the fund in a new investment company run by Jared Kushner, former president Trump’s son-in-law.

Of today’s news, the Biden White House said: “The president is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of Putin’s invasion of Ukraine. At a time when maintaining a global supply of energy is of paramount importance, this decision will have the most negative impact on lower- and middle-income countries that are already reeling from elevated energy prices.”

Apparently recognizing that higher oil prices could well translate into higher gas prices and hamstring the Democrats right before the midterms, the White House statement touted how the president and allies around the world have helped to bring gas prices down by $1.20 to an average of $3.29 a gallon. It said that the administration would continue to release oil from the Strategic Petroleum Reserve, a release that has significantly lowered oil prices and is part of why OPEC+ is upset. The administration will also continue to increase domestic production and has asked U.S. energy companies, which have been making record profits, to close “the historically large gap between wholesale and retail gas prices—so that American consumers are paying less at the pump.”

The administration also said that “in light of today’s action,” it would “consult with Congress on additional tools and authorities to reduce OPEC’s control over energy prices.”

“Finally,” it said, “today’s announcement is a reminder of why it is so critical that the United States reduce its reliance on foreign sources of fossil fuels.” It reminded Americans that the Inflation Reduction Act was the nation’s most significant investment ever in transitioning to clean energy and increasing energy security by fulfilling our energy needs at home.

(Folks: Perhaps fittingly, our power is out. I won’t be able to make corrections tonight, so apologies in advance if I’ve messed something up. And don’t worry– we are perfectly safe– this just happens here sometimes.)

—

Notes:

https://www.forbes.com/sites/arielcohen/2018/06/29/opec-is-dead-long-live-opec/?sh=b64c2652217a

https://www.npr.org/2022/10/05/1126754169/opec-oil-production-cut

https://www.nytimes.com/2022/10/05/business/opec-russia-oil-output.html

https://www.wsj.com/articles/opec-agrees-to-biggest-oil-production-cut-since-start-of-pandemic-11664978144

Vivian Salama @vmsalamaStatement by President Biden’s top national security and economic advisors expressing his disappointment in OPEC’s decision to cut production quotas in the midst of a global economic crisis.

3:27 PM ∙ Oct 5, 2022138Likes63Retweets

https://www.whitehouse.gov/briefing-room/statements-releases/2022/10/05/statement-from-national-security-advisor-jake-sullivan-and-nec-director-brian-deese/

https://apnews.com/article/russia-ukraine-business-brussels-european-union-258c0a5a0ada0433fa6dd0cc8e435a1d

https://www.bbc.com/news/business-62770283

https://www.opec.org/opec_web/en/about_us/25.htm

LETTERS FROM AN AMERICAN

HEATHER COX RICHARDSON

#Heather Cox Richardson #Letters From an American #OPEC #Midterms #price of gas #oil prices

[sonarpup]

from Silent Alarm (2005)

This one and the next I'm sharing are both so extremely of their time. Bloc Party is British, but both this and the next have a pretty American tone to them.

I've been driving a mid-sized car I never hurt anyone Is that a fact? Is that a fact? Is that a fact? Is that a fact? The price of gas keeps on rising Nothing comes for free Make like a stone, make like a plant Make like a stone, make like a plant I can tell you how this ends We're gonna win this We're gonna win this (War! War! War! War!) We're gonna win this (War! War! War! War!) With spades and truncheons, guns and trowels That is how the war will be won Just swat the fly, just swat the fly Just swat the fly, just swat the fly Taking care of cars and bodies Nothing ever comes for free The ghosts are here, the ghosts are here Red white and blue, red white and blue I can tell you how this ends

IDK I really like how bluntly abt shit it is, the call and response style of criticizing the blase, accepted-as-necessary attitudes adopted toward most conflicts around natural resources (esp something as core to modern function as oil has come to be).

#music #samiposting #silent alarm #bloc party #price of gas #the price of gasoline #Youtube

[totallycirclek]

Trying to prove a point to my transphobic parents

Reblog if trans men are REAL, VALID AND HANDSOME MEN, NO MATTER HOW THEY CHOOSE TO PASS

Reblog if trans women are REAL, VALID, AND BEAUTIFUL WOMEN, NO MATTER HOW THEY CHOOSE TO PASS

And finally, because it's a part of my argument for this point, and also because they are,

Reblog if nonbinary and genderqueer people in general, are REAL, VALID, AND GORGEOUS PEOPLE, NO MATTER HOW THEY PASS

#cirklek #circle k has the best gas prices #gimmick blog #circle k #transgender #transmac #transfem #nonbinary #genderqueer #agender #genderfluid #gender nonconforming

[biblicallyaccuratefaggot]

feeling a little less alone thanks to lil bits of graffiti like this

#featuring seattle's atrocious gas prices lol

[wheelsgoroundincircles]

Gassing up the Nova in the 70s

#car #cars #nova #chevy #chevrolet #gas prices

[syoddeye]

asking the 141, los vaqueros, kate, nik, farah, or alex to watch your drink.

cw: obvs alcohol mention

price. places a coaster over it and continues on with his conversation. one guy approaches, but before he can even open his mouth, price shoots him a glare. (poor fella was just gonna ask him to move so he could reach the jukebox.)

gaz. hand over heart, honored to be asked. sneaks a sip though, because 1) it looks delicious and 2) indirect kiss. when he hands it back, he taps his cheek once. pay up.

soap. licks the condensation off the glass as a joke, i licked it so it’s mine, only to make it too slippery to hold. drops it. shatters the glass. red-faced and muttering when you come back to a new drink. it’s completely different.

ghost. he seems to take it seriously and covers it with his whole hand. hands it back with a finger dipped into it and smirks.

alejandro. steals a sip, immediately winces at the cheaper liquor. gets you a new drink. the same one, top shelf, on his tab. immediately asks if you taste the difference.

rudy. oh he’s quietly thrilled you asked, but he acts like he’s not watching it. because he’s kind of daring someone to even glance the wrong way at your drink.

kate. agrees to, and orders the guys to grab a water for you, too. teases you about your taste in liquor/beer, and offers to order you her favorite to try.

nik. you don’t ask anyone to watch your drink, but nothing escapes nik. without pausing his conversation, he grabs your glass and sets it next to his. affectionately scolds you when you return.

farah. she actually offers when you get up to go to the bathroom. she’s not too worried about anything happening, the two of you can handle yourselves. she orders you a snack to share, and grins when it arrives just as you sit back down.

alex. giddy you asked him, he likes that you feel safe with him. smiles the whole goddamn time he’s holding it, too. but he drops it when he goes to hand it back. pays for the replacement.

#alcohol #tw alcohol #cw alcohol #price #soap #ghost #gas #alejandro vargas #rudy parra #kate laswell #nikolai cod #farah karim #alex keller #tf 141 #los vaqueros #I should be sleeping but instead I’m being silly again

[mapsontheweb]

Average gas prices in the United States by state, as of September 21, 2023.

by powerfulcountries

#maps #powerfulcountries #igsourced #gas #prices #us #2023

[thatmemeguy89]

Me either T-800

#memesdaily #funny memes #spicy memes #meme lord #memedaddy #meme page #meme #dankest memes #memes #dank memes #follow me #follow #gas prices #gas station #t 800

[a-5-m-0-d-3-u-5]

Have I ever even touched a COD game in my life? No.

Do I plan to? Who knows.

Am I smitten with 141 and crave male reader stuff, so want to offer it? Very much.

I just hope no one cares if I get them wrong lol

#cod x male reader #141 x male reader #poly 141 x male reader #male reader #ghoap x male reader #john price x male reader #soap x male reader #ghost x male reader #gaz x male reader #full disclosure i know the least about gas stop i might not offer him until i know more but he seems sweet and goofy #also polyam very very likely i need more polyam stuff

[m0e-ru]

employee of the month streak

#persona 4 #p4 #moel gas station attendant #⛽️🌫 #gsa sl au #arttag #tappous #// my last art post went viral i need this to hit 20 notes maximum. does anyone want to see my oc #// mimi your aegyo was too strong what do you mean gas prices literally changed for the 3rd time this week #// you can read my ao3 for context on the 60kph thing if yuo want #// kai's colored shape in solid color background era . happy moel tuesdau my dearest costumers.i miss oyu

[fly-the-pattern]

#memes #meme #lol #funny #lol memes #funny memes #funny meme haha #funny stuff #expensive #so expensive #gas prices #ill never recover from this #eat the rich #why #being alive costs too much

[shirkers2018dirsanditan]

or……..public transit is a necessity because car ownership is expensive and car-centric infrastructure is environmentally destructive and car accidents are a leading cause of death, injury, and lifelong disability (and cars are more dangerous than most forms of public transit). some things are beyond the internet

#come on lol #you SHOULD be able to catch a bus any minute from your front door for free #not to mention anyone could be put in a situation where they can’t drive or get a ride from someone #and at any point car ownership can become financially out of reach for you #or car use #relevant went gas prices are going up again

[dantebt]

#mcyt #lifesteal smp #lifesteal fanart #princezam #wemmbu #itty bittys #little creatures. bugs even. #they r discussing about the recent increased gas prices #four's art!

[a-meh]

#gas prices #humor #meme #bruuuh #lol #funny #memes #lmao #the fuck

[one-time-i-dreamt]

Joe Biden made a Tumblr and used the Supernatural Castiel Confession meme to announce that gas prices were dropping.

#dream #joe biden #potus #supernatural #castiel #castiel confession #meme #gas prices