https://www.eia.gov/petroleum/gasdiesel/

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WGTSTUS1&f=W

https://www.eia.gov/petroleum/weekly/gasoline.php

USA National Gas Price Heat Map from Gas Buddy:

https://www.gasbuddy.com/GasPriceMap?z=4

This map directly below is updated constantly.

To get this map updated, go to the link:

https://www.gasbuddy.com/GasPriceMap?z=4&lng=-96.591588&lat=38.822395

Why Have a Strategic Petroleum Reserve?

https://research.stlouisfed.org/publications/economic-synopses/2024/03/20/why-have-a-strategic-petroleum-reserve

The largest series of oil releases from the SPR, by far, has been in response to the oil price hikes in the wake of the Russian invasion of Ukraine, which began in February 2022 (Neely, 2022). On March 1, 2022, the International Energy Agency coordinated an international release that included 30 million barrels from the U.S. SPR. In the following 8 months, President Biden ordered the release of an additional 340 million barrels of oil. The 370 million barrels in these invasion-of-Ukraine SPR releases was 64 percent of the SPR stock on February 25, 2024, and greater than the combined total of all other releases since 1985.⁶ 

The Biden administration argued that the releases substantially lowered gasoline prices, and it is very likely that any supply increase lowers prices to some extent. To put the drawdowns in context, however, the U.S. Energy Information Agency reports worldwide production and consumption of about 97.3 million barrels of oil per day, of which the U.S. consumed about 20.3 million barrels. Therefore, the 370 million barrels released over 8 months amounted to about 1.6% of world oil production during that time.

On the other hand, one might argue that the government functioning as a long-term speculator reduces the incentive for private actors to perform that function themselves and creates incentives for policymakers to use the SPR for short-term gain at the expense of long-term preparedness. Some people would advocate that strategic reserves of natural resources should be saved for a true emergency, such as a war or very large natural disaster.

Finally, some analysts, such as Lee (2023), question whether the U.S. should have a strategic reserve at all, given that the U.S. is now a net oil exporter, not the major importer it was during the 1970s when the SPR was established. The validity of this argument would seem to depend on whether the U.S. is likely to remain a net exporter and whether U.S. production and private storage facilities are as secure from disruptions as the SPR.

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https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W

https://www.energy.gov/ceser/spr-quick-facts

Biden's drawdown of our SPR in 2022 was entirely because of his/NATO's war with Russia(using Ukrainians to fight it) and their sanctions on Russia. Biden, in his retarded wisdom,  dumped our SPR crude on the market so the market wouldn't miss Russia's crude that they decided would be a punishment to Russia.

What actually happened was a total backfire as Russia just sold all their crude at a discount to China and India.

So what Biden did is to give China and India a discount on their crude oil, while severely punishing THE UNITED STATES with higher prices AND massive losses in our SPR.

THE STRATEGIC PETROLEUM RESERVE WAS NEVER MEANT TO BE USED AS PART OF  A POLITICAL TOOL TO PUNISH OTHER COUNTRIES.

https://www.energy.gov/sites/default/files/2024-01/2022%20SPR%20Total%20Inventory.pdf

                Re: Re: Re: Re: May 2024 global temperatures                   

                By metmike - June 8, 2024, 10:23 a.m.            

                The real environmental crisis's                      

                30 responses |            

                Started by metmike - April 10, 2019, 7:11 p.m.            

https://www.marketforum.com/forum/topic/27498/

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censorship     

UN Chief Calls for Governments to Censor Fossil Fuel Advertisements

https://dailycaller.com/2024/06/05/un-chief-calls-governments-censor-fossil-fuel-advertisements/

https://wattsupwiththat.com/2024/06/07/un-chief-calls-for-governments-to-censor-fossil-fuel-advertisements

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     By metmike - March 26, 2024, 1:03 p.m.            

            https://www.ranken-energy.com/index.php/products-made-from-petroleum/

Products made from crude oil

After crude oil is removed from the ground, it is sent to a refinery where different parts of the crude oil are separated into useable petroleum products. These petroleum products include gasoline, distillates such as diesel fuel and heating oil, jet fuel, petrochemical feedstocks, waxes, lubricating oils, and asphalt.

A U.S 42-gallon barrel of crude oil yields about 45 gallons of petroleum products in U.S. refineries because of refinery processing gain. This increase in volume is similar to what happens to popcorn when it is popped.

One 42-gallon barrel of oil creates 19.4 gallons of gasoline. The rest (over half) is used to make things like:  

metmike: This is a partial list of the 6,000+ products!

liquid energies getting crushed today.

DOWNSIDE BREAK OUT BELOW MAJOR SUPPORT!

believe it or not, part of the reason is OPEC announcement that they will increase production because they want to help Harris get elected who is more pro Palestinian vs Trump.

global demand is actually weakening China and the US seeing economic weakness.

In the past, OPEC would rarely  boost production under these circumstances.
If anything they want to keep the same demand/supply balance and would try to justify cuts in production proportional to expected reduction in demand.