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I honestly don't remember, but why was gas so high in 2022? Covid?

I keep seeing 'highest price since 2022!' but I don't really...
sadistic cruise ship hunting ground
  04/29/26
Yea, and tapping into our strategic reserves
Harsh alpha
  04/29/26
covid hoax ended and proles started driving 10x as much as t...
Arousing Dysfunction
  04/29/26
Price collapse in 2020 (remember negative prices?) led to ze...
House-broken generalized bond prole
  04/29/26
I think there is a pseudo-cartel forming in the US given the...
red know-it-all party of the first part boltzmann
  04/29/26
Independents own, operate, and drill ~85 percent of domestic...
House-broken generalized bond prole
  04/29/26
thread locked for antisemitic dog whistles
ruddy theater stage place of business
  04/29/26
...
Sapphire Bonkers Knife Theater
  04/29/26
other reasons mentioned in this thread are correct, but also...
mind-boggling garrison community account
  04/29/26
there was the whole blowing up the nord stream pipeline and ...
aphrodisiac pocket flask resort
  04/29/26
That was the PUTIN PRICE HIKE if I remember correctly
Electric white international law enforcement agency
  04/29/26
Russia/Ukraine shit fucked w/ the supply chain but I forget ...
Useless awkward brunch puppy
  04/29/26


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Date: April 29th, 2026 2:28 PM
Author: sadistic cruise ship hunting ground

I keep seeing 'highest price since 2022!' but I don't really remember why it was so much. Just because of Biden and his admin killing off oil deals? I do recall at some point under Trump (2017???) it briefly cost more to storage a barrel of crude than it did to produce.

(http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2#49851629)



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Date: April 29th, 2026 2:38 PM
Author: Harsh alpha

Yea, and tapping into our strategic reserves

(http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2#49851671)



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Date: April 29th, 2026 2:42 PM
Author: Arousing Dysfunction

covid hoax ended and proles started driving 10x as much as they did pre-covid hoax

(http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2#49851678)



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Date: April 29th, 2026 2:45 PM
Author: House-broken generalized bond prole

Price collapse in 2020 (remember negative prices?) led to zero investment in production which led to high prices. Which led to more investment, which led to lower prices, and so on. Lack of a domestic cartel practically ensures boom and bust cycles in oil and gas. There’s a six-12 month lag from investment to production.

(http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2#49851685)



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Date: April 29th, 2026 5:22 PM
Author: red know-it-all party of the first part boltzmann

I think there is a pseudo-cartel forming in the US given the major mergers in the shale patches over the last few years. The Majors are the only ones that can invest in the requisite technology to continue driving output while at the same time managing the supply.

In some ways we are reverting to a new form of the old Seven Sisters model IMO.

(http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2#49852188)



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Date: April 29th, 2026 6:06 PM
Author: House-broken generalized bond prole

Independents own, operate, and drill ~85 percent of domestic onshore oil wells. The majors are pretty much limited to major plays like Permian, DJ, and Eagleford. Everything else is legacy.

(http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2#49852353)



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Date: April 29th, 2026 2:47 PM
Author: ruddy theater stage place of business

thread locked for antisemitic dog whistles

(http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2#49851694)



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Date: April 29th, 2026 2:47 PM
Author: Sapphire Bonkers Knife Theater



(http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2#49851695)



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Date: April 29th, 2026 2:47 PM
Author: mind-boggling garrison community account

other reasons mentioned in this thread are correct, but also need to factor in that the government gave everyone $3,200 in stimulus checks (most which happend pre-Biden)



(http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2#49851696)



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Date: April 29th, 2026 2:56 PM
Author: aphrodisiac pocket flask resort

there was the whole blowing up the nord stream pipeline and starting a war with russia thing too

(http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2#49851709)



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Date: April 29th, 2026 5:17 PM
Author: Electric white international law enforcement agency

That was the PUTIN PRICE HIKE if I remember correctly

(http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2#49852173)



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Date: April 29th, 2026 6:17 PM
Author: Useless awkward brunch puppy

Russia/Ukraine shit fucked w/ the supply chain but I forget the details

(http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2#49852408)