Re: I hear there is a shortage of integrity and good sense

Freshman [-99]

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May 13, 2021, 11:32 AM

That’s true to a point, but government policy has a huge play in fuel prices. Go look at the average price of gas during the Obama administration versus the average cost of gas under the Trump administration. Oil prices were significantly lower while Trump was in office than while Obama was in office. O Bama said he wanted five dollar a gallon gasoline to force people to go to green energy. The irony is green energy is not green. It’s just carbon neutral. But it’s actually not better for the environment. Go read some of the books or watch a podcast on YouTube with Robert Brice or Michael Shellenberger. Both are lifelong Democrats, lifelong liberals, lifelong environmentalist, that promote natural gas a nuclear power, because wind and solar is a joke. It’s far more expensive, it’s incredibly unreliable, it’s not scalable, and it’s not green. It’s just carbon neutral.

You’re in Charleston gas has been under two dollars for several years. Long before Covid gas was well under two dollars in the low country. And this is the most expensive place in the state to buy gas. The Midstate and the upstate always have cheaper gas because of pipelines. Charlston gets most of its gas through tankers. But that’s why places like Costco and Walmart have extremely cheap gas compared to everyone else in the area because they have their own trucks that go to Augusta and buy the gas straight from the gas companies out the pipeline.

There’s very little profit in gasoline. Oil companies are not making much money per gallon. It’s like Walmart. It’s all based on volume. When you get under two dollars a gallon that’s crazy cheap gas. If you look at the cost to get a barrel of oil out the ground to transport it to refine it and then ship it to the retailer plus nearly $.50 in taxes per gallon gas was incredibly cheap during the Trump administration. Well before Covid!

If you think it’s a coincidence that suddenly gas shot up by almost a dollar after Biden took office you need to take an economics class or learn a little something about how oil and gas work.

The best thing that could ever be done for gasoline in America is for the EPA to approve at least one or two new refineries. We haven’t built any new refineries in decades yet the population has skyrocketed. The gas refineries in America are under intense pressure. We need some new refineries.

Another thing people on the left ignore about oil, is the fact that 30 to 40% of every barrel of oil doesn’t even go towards energy or gasoline. There are literally thousands of products we use every day that are chemically founded on a oil. Most make ups and lipsticks are based on petroleum products. Almost every plastic. Fertilizer. The list goes on and on. Modern society couldn’t exist without oil production. Even if we didn’t use any of it for energy or gasoline.

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I live on James Island. Even on Folly Road gas prices for the last few years were well under two dollars a gallon. I have gotten gas at Costco in Charleston the past couple of years for like $1.64 a gallon.

FYI gas in Charleston and along the coast is the most expensive in South Carolina. The Charleston area does not get their gas from the pipeline. It comes from tanker ships that come in to the harbor. Once you start getting 70 to 80 miles inland that gas comes out of the pipeline. Gas has always been pretty much my entire life significantly cheaper in the upstate than the Lowcountry. But what happens is once you start getting this cheap it’s pretty much the same everywhere. You can only go so low. It’s like interest rates. Even when interest rates at the federal reserve are 0% which is why we have had for years, Wall Street investment firms have to make some type of return on their money as do the lenders that make the retail loans. So at some point gas and interest rates can only goes so low. But you would be incorrect. Gas was under two dollars in Charleston pretty much all of 2019 and 2020. Even on Folly Road which is one of the most expensive places in town.

Message was edited by: Lowcntry_Tiger®

Guess everyone is going to have to find something new

I hear there is a shortage of integrity and good sense