Gas prices from around the world (what each country is paying per gallon relative to the US dollar)

I was thinking more like kushners pals the saudis, but only on public land.

 

so many Country's oil is cheaper than ours, I thought republicans told us American oil would be cheaper for Americans?

 

Funny, but when you search for world gas prices in mid-2020 you can't seem to be able to find any. I wonder why?

Maybe because when the USA was paying $2 a gallon everyone else was paying $5 or $6?

 

Uh no.
We're not importing Russian oil. Hence they are stuck with a surplus and we got a lack of it. The price goes down in Russia and goes up everywhere else who boycots Russia. At the bottom line, Russia isn't able to make the money they used to make to buy other goods. The amount of goods and inflation troubles in Russia has shrunk it's entire economy by around 10%. That's where the entire spectrum of sanctions show how it plays out. Just eyeballing 1 item means nothing.

 

He is a fact you are apparently not aware of. In 2015, the US passed a consolidated appropriations act that contained language that allowed the export of domestic crude by repealing 42 USC Section 6212.

Exporting US crude and been illegal since 1975 as codified in 42 USC Section 6212.

And who was President in 2015? Who signed a bill repealing 42 USC Section 6212? It was your man Obama. So it was actually Obama that did not want the US to be oil independent.

https://www.law.cornell.edu/uscode/text/42/6212

 

Mid 2020 actually represents the biggest DECREASE in oil production that the US has ever seen in a single year. Production was way down, but so too was global demand, and as a result gas prices were significantly down globally. The US was one of the cheaper countries in terms of gas prices in 2020, and still is today. Most of the countries that have cheaper gas than the US are the ones that have nationalized their oil and gas companies.

In terms of ranking countries by gas prices, the US was in about the same place in 2020 as it is today.

https://www.bloomberg.com/graphics/gas-prices/#20202:United-States:USD:g

 

I would say we are the world's largest producer of oil; Saudi is second. Saudi's prices are low our looks like a country that imports all its oil.

 

Uhh yes we are, google US importing Russian oil via India. I guess it slipped Bidens mind to close that loop hole or their all talk.

 

Globalism at its finest. One thing is for sure don't expect a whole lot of debate on this....Out of sight out of mind!

 

Once again, there seems to be a misconception that the more oil a country produces, the cheaper their gas prices are. That is not the case, oil production actually saw its biggest decrease in 2020 than any other year in history, yet gas prices were down significantly globally and in the US. The reason for this is because global demand was also way down

As for why Saudi Arabia has cheaper gas than the US, most of their oil has been nationalized. That is to say their largest oil company that makes up the majority of their oil production is government run. The US has one of the cheapest gas prices in the world, even today. Those few countries that have cheaper gas than the US have for the most part nationalized most of their oil.

 

Nope. It's thanks to a bomb developed in the US.

 

Remind me who controlled Congress in 2015?

 

Its eyeballing one very important item that nearly everyone needs. They're not stuck with a surplus because theres still plenty of nations buying their oil (or we should just call it energy). We're stuck with the financial burden of a critical resource shortage. They don't have a shortage of anything except iPhones and McDonalds... The shrinkage is all in nonessential goods. We've basically backed Russia into a corner where they cant get any of the stuff they dont need, and at the cost of making it harder to get the things we do need.

 

Well just think you wouldn't even be allowed to participate on this board running down Americans.

 

More supply always lowers cost, always. Most Presidents have this figured out, even Obama, Joe well he's just in the lefty la la land. Look at it this way, we're now helping China increase their supply with our SPR, brilliant.

 

Actually, oil production has increased since Joe Biden took office, not decreased. Which goes to show that more supply doesn't always mean cheaper cost. There's a global demand factor that drives gas prices up or down, an oil company's main concern is keeping with demand in a manner that is most profitable. That is why in 2020 when demand went down, oil companies all decreased their production. It is not profitable to increase supply when demand is down. There are international factors at play that push gas prices up globally.

 

Who signed the bill that allowed the export of domestic oil?

 

All those prices are in US dollars.

So maybe it is inflation that is a large part of the driver behind these price increases?

Maybe you'd also like to explain to us why most of those countries on your list happen to be in Europe? Doesn't seem like a totally random list to me.

 

How’d he get the bill? Why didn’t Trump stop it? 4 years and all he did was cut corporate taxes?

 

That would be a reasonable argument to make if the US dollar's exchange rate went through a decline relative the value of the currencies from around the world, but that is definitely not the case (in fact the value of the US dollar has INXREASED in value internationally). The US dollar is actually worth more than the vast majority of the other nations' currencies listed, and is worth about 98% of the Euro

 

Biden and the Dems vicious attack on American energy producers didn't just screw up the American Economy.

 

What's your point? You don't like non Americans here?

 

Not true in Australia’s case…we were paying $1.40/1.50 per litre a few months ago. I filled up yesterday for $2.35 per litre…

 

I question your claim, given that the US dollar has experienced more recent inflation than several other currencies.

 

You're being stupid and falling for a deceitful argument. Most of those countries on the list are in Europe, and all those prices are denominated in US dollars.

Neither does that list even show the percent increase in those places over the last four years.

When Progressives use statistics, always question it, because it often involves selective framing of the statistics to create a misleading impression.

Of course if the US dollar experienced inflation, all the prices on that list (which are in US dollars) would go up. And someone stupid would think that means prices are high in all parts of the world.