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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...
Multi-colored Pocket Flask
  04/29/26
Yea, and tapping into our strategic reserves
Hilarious Insecure Stage Ape
  04/29/26
covid hoax ended and proles started driving 10x as much as t...
Hot dog poop
  04/29/26
Price collapse in 2020 (remember negative prices?) led to ze...
bat shit crazy patrolman public bath
  04/29/26
I think there is a pseudo-cartel forming in the US given the...
canary temple
  04/29/26
Independents own, operate, and drill ~85 percent of domestic...
bat shit crazy patrolman public bath
  04/29/26
thread locked for antisemitic dog whistles
copper theater
  04/29/26
...
hairraiser factory reset button
  04/29/26
other reasons mentioned in this thread are correct, but also...
adventurous principal's office
  04/29/26
there was the whole blowing up the nord stream pipeline and ...
Irradiated famous landscape painting sandwich
  04/29/26
That was the PUTIN PRICE HIKE if I remember correctly
vibrant den toilet seat
  04/29/26
Russia/Ukraine shit fucked w/ the supply chain but I forget ...
Passionate Spot Scourge Upon The Earth
  04/29/26


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Date: April 29th, 2026 2:28 PM
Author: Multi-colored Pocket Flask

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: Hilarious Insecure Stage Ape

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: Hot dog poop

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: bat shit crazy patrolman public bath

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: canary temple

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: bat shit crazy patrolman public bath

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: copper theater

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: hairraiser factory reset button



(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: adventurous principal's office

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: Irradiated famous landscape painting sandwich

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: vibrant den toilet seat

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: Passionate Spot Scourge Upon The Earth

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)