Originally Posted by Skinny
Originally Posted by abolt300
Originally Posted by Skinny
Today's national average for regular is $4.10 , but the real beast is Diesel, the national average is $5.24. That Diesel average will translate to inflation on nearly all consumer goods, food especially. Diesel was this high from March of 22 to about November of 22, but this current forecast looks like it will be sustained this high or higher through this time next year.
You using a different source for this forecast, or is this the same source that said oil was going to be $200/bbl by now, and we would be rationing gas?

Thats just for Diesel based on refining capacity. Those estimates are Bloomberg and others. Diesel will be at least near the price it is today this time next year and it may be higher. It certainly will not significantly come down any time soon. It would help a lot of we could magically get some new US diesel refineries up and running within the next 6 months.

4-5 yrs from start to finish on a refinery. Might have some new ones in process, if Biden and the demtards had not told the oil companies that they were mandating it, and we would be at zero fossil fuel usage and all electric by 2035. It's stupid on its face, but who's going to spend billions to build a plant, that the president and party in control is saying will be completely obsolete in 7-10 yrs. Not a very good ROI on that investment. Those 4 yrs of construction time are lost forever with no way to get them back.