With the Price of Gas at $ 5.00 on the Horizon ?

[Rajflyboy]

We need to drill baby drill

[FastEd95]

If the price of gas goes way above $4 ($3.99 here now) it will definitely keep me closer to home. Will hopefully hit just as many races...probably more weekly shows.

[JustAddDirt]

Diesel just hit $5.15 in my corner of southeastern Indiana today.

[Raceready]

We need to drill baby drill

i'm in total agreement with that ! We import a half a million barrel a day from the Ruskies that we could very easily get here with all of our resources like all of the hardly untapped Alaska .

[Rajflyboy]

Energy independence would be awful nice about now

[MasterSbilt_Racer]

It blows my mind that 81 million people (supposedly) voted in favor of sky high gas prices. It doesn't make any sense to me at all!

I've had economics professors tell me it should be ridiculously expensive to save the planet. There are folks who do indeed want very high gas prices.

[kazual]

What I saw in 2008-2009 was sponsors pulling out and it had a big impact. Circumstances are somewhat different now but with inflation and fuel expenses bet your bottom dollar that some donors are taking a hard look at this year. The only thing we are lacking right now is higher interest rates and a steady barrage of foreclosures and then drivers, race teams, and sponsors will sit out.

[MasterSbilt_Racer]

The pipeline cancellation hurt us having the right mix to feed our refineries, but even if we had it, the price at the pump would be basically the same. The oil market is global. If you have a barrel of oil, are you going to sell it to a Texas refinery for $80 when one in France will give you $120?

[Barbecueboy]

Winging it most likely……We went to around 20 races last year staying within the 3/4 hr range from the house, don’t see that changing a whole lot. Trying to cut costs elsewhere to support the racing this year.

And flo…lots of flo.

[intel8]

Pipeline cancelation was also about Warren Buffet protecting his interests in railroads as hundreds of his railcars pass my house each day. Pipeline critics also claimed Pipeline most dangerous than transport by truck or by rail.

[Patansplant]

You bunch of idiots that are politicizing the current high fuel costs. Do some of us a favor that have at least a minute understanding about what is going on and EDUCATE yourselves. That is if you are capable. You bunch of idiots haven't said one word about the oil companies and their record profits. Don't you think they have some room to contribute here?

[MasterSbilt_Racer]

You bunch of idiots that are politicizing the current high fuel costs. Do some of us a favor that have at least a minute understanding about what is going on and EDUCATE yourselves. That is if you are capable. You bunch of idiots haven't said one word about the oil companies and their record profits. Don't you think they have some room to contribute here?

Record profits? I'm not even getting my full dividend from BP because oil has been cheap and they are wasting money on being woke.

[intel8]

Buffet has stakes in:
Occidential(sp)
Chevron
Dominion Energy

[Barbecueboy]

Being woke, lol………2024 going to knock them out back to sleep.

[Tireguy17]

For what it’s worth….from a CNN article today:

Not only is oil production lagging behind pre-pandemic levels, there's also less US refining capacity. Today, about 1 million fewer barrels of oil a day are available to be broken into gasoline, diesel, jet fuel and other petroleum-based products.
State and federal environmental rules are prompting some refineries to switch from oil to lower carbon renewable fuels. And some companies are closing older refineries rather than invest the money it would cost to retool to keep them operating, especially with massive new refineries set to open overseas in Asia, the Middle East and Africa in 2023.
And major US refineries have yet to return to full operation after two were damaged by hurricanes last year and another by an explosion.
Strong demand for gasoline
Record job gains in 2021, and the strongest economic growth since 1984, have combined to fuel the rebound in driving, as did pent-up demand for travel after the first year of the pandemic.

Job gains have remained strong so far in 2022. And as many workers who have been working from home much of the last two years return to the office, demand is getting another boost.
"Jobs numbers have been pretty impressive and a lot of [workers] will be driving to work somewhere," said Tom Kloza, global head of energy analysis for the Oil Price Information Service. "There's also going to be more people not working remotely than there were last year or even last month. I don't know how to put a number on that, but that is certain to add to demand."
The end of the Omicron surge and the removal of many Covid restrictions is encouraging people to get out of the house for more shopping, entertainment and travel well. US trips in passenger vehicles have increased 25% since the beginning of this year, according to the mobility research firm Inrix.
There may not be quite as much commuting as before the pandemic. Many who plan to return to the office will be there only three or four days a week, rather than five. The total number of jobs is still slightly below 2019 levels.
But there will be periods, most likely this summer, where there will be more demand for gas than during comparable periods before the pandemic, Kloza predicts.
Tight supplies and strong demand were likely to push prices above $4 even without the current disruption caused by the war.
"Even before Ukraine, I was expecting to break the record," Kloza said. "Now it's a question of how much we break the record by."