$5 a gallon

Summers: I Haven‘t Seen Any ‘Serious Support‘ for Biden‘s Claim Oil Companies Are Profiteering

During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers responded to President Joe Biden’s tweet accusing oil and gas companies of padding their profits by keeping gas prices high by stating, “there’s nothing that would support that in the president’s tweet, and I haven’t seen any analysis coming out of the administration, or anyplace else, that provided serious support for that.”

https://www.breitbart.com/clips/2022...-profiteering/

More dots... not fresh but indicative of a reality that existed pre-Ukraine as part of the reckoning and rethinking of strategy amongst the major domestic oil producers.

https://www.cnbc.com/2021/12/23/why-...ite-house.html

Larry Summers knows as much about rockets and feathers as anyone that watches these markets routinely. He also knows where prices should be at these crude prices if the market were operating as it was pre-COVID

Bam, saw a mix of 4.399's and 4.299's in West Mifflin, Homestead, Monroeville, Green Tree and near Robinson. Heavier on the 2's, 3:1 ratio

Bam, saw a mix of 4.399's and 4.299's in West Mifflin, Homestead, Monroeville, Green Tree and near Robinson. Heavier on the 2's, 3:1 ratio Originally Posted by HDGristle

Good for you. That price in those stations have been set for weeks. Like forever. Some are always lower than others. Has nothing to do with your intrepid reporting from triple A.

Yet you keep finding the most expensive places to fill up in town. Hell, if I filled up in Bloomfield today it would have been 4.199

Yet you keep finding the most expensive places to fill up in town Originally Posted by HDGristle

And you find the cheapest. The fact of the matter is, gas stations always had different prices. Some lure you in to spend money on Monster drinks and expensive protein bars. But hey, you’re making out Mr Ghristle!!!!!!

I don't. Not by any means. If I had, I'd be wasting gas to get to the 3.99's and 4.06's that aren't near me.

Or buying a Costco or Sam's Club membership to get to 4.15 or 4.13

I don't. Not by any means. If I had, I'd be wasting gas to get to the 3.99's and 4.06's that aren't near me.

Or buying a Costco or Sam's Club membership to get to 4.15 or 4.13 Originally Posted by HDGristle

I’m a member at Costco. We shop there once a month. But, I need to fill up 3 times before that. But Mr Ghristle, you know that your daily posts on gas prices going down is a fallacy. A ruse. Because that’s not happening at the pump. Sure, there may be a station here or there that’s a dime less. That’s been true since I was born. But, as Berry says, you be you.

More than just a station here and there for that average to be where it's at.

I'm aware of rockets and feathers. I know that BP doesn't own the gas in the pump on a BP branded station. And about discounting the gas to hock the convenience store inventory, get turns and drive the margin. Which is why you'll see a 4.09, 4.19, 4.29 and 4.39 on the same 3 mile stretch

But you still haven't figured out what I'm doing yet.

More than just a station here and there for that average to be where it's at.

I'm aware of rockets and feathers. I know that BP doesn't own the gas in the pump on a BP branded station. And about discounting the gas to hock the convenience store inventory, get turns and drive the margin. Which is why you'll see a 4.09, 4.19, 4.29 and 4.39 on the same 3 mile stretch

But you still haven't figured out what I'm doing yet. Originally Posted by HDGristle

You haven’t figured it out yet. I would bet I drive more than you. I haven’t seen any station at 4.09, 419, or 429. You go where you go. It seems you follow tranny sites. You do you.

https://gasprices.aaa.com/?state=PA

$4.30 average

Oh, that’s the average between 4.39 and 4.29

On the evening that the PA average hit its highest point, those were the prices on 51 from Nobles to Greenlee.

Today, Sam's Club in Tarentum was 4.09. Butler was 4.13

Costco in Homestead was 4.15. The Getgo was 4.29. The BP on the way to Hazelwood Bridge was 4.39

But sure, let's agree you probably drive more than me. I give zero fucks about that

Sam's Club in Tarentum was 4.09. Butler was 4.13

Costco in Homestead was 4.15. The Getgo was 4.29. The BP on the way to Hazelwood Bridge was 4.39

But sure, let's agree you probably drive more than me. Originally Posted by HDGristle

But but but, YOU pay to be a member. DUH!!!!!!! But Mr Grhistle, I live in a nicer Neighborhood. The independent stations are still 4.30 average. You have no point.

Do you get ketchup with your fill up”?

BAHAHAHAHA

The 4.19 BP in Canonsburg and 4.19 Sunoco in Cecil are independents. I don't consider the 3.99 in New Castle or the 3.99 Citgo in Aliquippa to be close enough to matter for my purposes. Quippa, maybe, but NC isn't really Pgh metro area

Point is, you love your anecdotes. But the average is the average because most aren't clustering around 4.39

And the average between 4.29 and 4.39 isn't 4.30 unless you're using a weighted average (you're not) or you flubbed your math (you did)

3/21/22 - Morning Average Gas Price in Pittsburgh, per AAA

$4.304 for regular

• No change from yesterday, end of 9 day downward trend
• Down 2.6 cents from the prior week

Democrats are making excuses as gas prices impact us all.

Watch:

https://twitter.com/i/status/1505883274735935495