Posted on 09/27/2022 8:58:19 AM PDT by george76
No surprise at all.
Biden and his Puppet Masters hoped draining the reserve would drop prices long enough to get past Nov.
Nov is ALL they care about right now.
Didn’t crude drop?
But oil is down?
Jumped alot in Michigan, too.
Up from $3.99 to $4.49 here in Phoenix.
Several stations here raised their prices 26 cents between Sunday and Monday. Fortunately they aren’t as high as in Oregon.
Must be some disruption of supply as refineries change over to winter blends.
Sinopec, U.S. Strategic Oil Reserves, and Hunter Biden: Connecting the Dots.. Unipec is the trading arm of Chinese state-run energy giant Sinopec.. Hunter was associated with a company called BHR Partners, which held a stake in Sinopec..
There are two aspects to the U.S. selling oil to Sinopec.
First, many are questioning selling the strategic oil reserves to China since the oil was meant to ease supplies for U.S. refineries..
The other side of the controversy is related to Hunter’s connection with Sinopec.
https://freerepublic.com/focus/f-news/4081228/posts
Was $80~/bbl for one of them yesterday.
Steady in Texas. Around $2.89 here.
FJB isn’t done draining every last drop out of the SPR. Just wait until all that “free” oil dries up. Yes, I know the amount is negligible, but the psychological effect on the oil market will be huge.
And we’ll be left with no national reserves.
Yes, but when refineries are not able to refine there is less gasoline and prices go up.
Yeah...”change over to winter blends.” The long-standing all-purpose excuse.
Prices “could continue” to rise? There is no “could” to that very high probability. They WILL rise. Perhaps even more sharply than anyone now imagines.
To the further diminishment of Democrat Socialists being able to hold on, and to the benefit of every prospective Republican office seeker out there.
$5.59 in Sacramento
They are jumping the gun. Gas prices were not scheduled to skyrocket again until after the November elections.
Went up 30 cents here from Saturday to Monday. Central Indiana.
Eh no worries the commies in Oregon will still vote Commie
Seen and heard of similar increases in California in the last week or so.
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