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ProfessorGAC

(76,555 posts)

3. Several Countries Are Tapping Their Reserves

Reply to LilElf70 (Original post)

Sun Mar 15, 2026, 12:38 PM

Yesterday

The US is one of them. Italy, England, Japan are among the others.
So, that actually is happening.
Prices went up despite that.
Here, prices are up as much as 70 cents, but it dropped a nickel yesterday.

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90 cent increases in 2 weeks? Really? Why? [View all] LilElf70 Yesterday OP

Really Why? gab13by13 Yesterday #1

In addition, it takes weeks for oil from the Gulf to be processed and sold as gasoline at the pump. Midnight Writer Yesterday #2

Several Countries Are Tapping Their Reserves ProfessorGAC Yesterday #3

That's only a short term fix gab13by13 Yesterday #7

Of Course ProfessorGAC Yesterday #10

Simple: Retail gasoline prices are set by station owners. MineralMan Yesterday #4

Rockets and feathers. n/t flvegan Yesterday #6

I will agree with one thing LilElf70 Yesterday #5

Because it's not "our" oil, it belongs to corporations, the government makes some money on leasing the land AZJonnie Yesterday #8

$$$ themaguffin Yesterday #9

Because oil is traded on the world market. Raftergirl Yesterday #11