Willy's Commando
Well-Known Member
In regards to the price of premium gasoline and the Hemi V8 392 future looks bleak.Being heavily invested in O&G I wish you were close to being right but there is so much damn oil in the world today just itching for anything north of $60/BBL the only way the USA will see a dramatic rise in the price per gallon is if they simply add that much in taxes which is possible I suppose, but Supply and Demand is not going to do it...even if the USA were put out of the Oil and Gas business..
You are correct about there being plenty of damn oil in the world today but the limits placed on limiting drilling, production and the move to alternative green new deal energy will drive the price of oil up.
WTI barrel price of oil is only going to increase under the new administratio,n, WTI crude price has been increasing every day lately and will continue to follow this trend under the new administration due to the new administration polices.
1. XL pipeline canceled.
2. No new oil leases on public lands .
3 . No new drilling on public lands already leased.
4. New limitations on offshore drilling.
5. The move to hybrid gasoline engines, electric vehicles and future MPG standards for automobile companies will bring about less consumption of gasoline worldwide. In turn will push OPEC to cut production to increase price per barrel.
The new administration and automobile manufacturers will push consumers to go electric, tax rebates to counter the increase in price.
Personally i have no problem with the new administration policies or the increase of the price of gasoline on swaying my decision on ordering/purchasing the 392.
One of the reasons I decided to purchase the 392 is the days are numbered for V8 engines.
We are using winter gas now wait till late spring summer when the refineries switch to summer gas, and less COVID restrictions another big price jump.
I doubt the price of gasoline will sway Jeep to decrease the 392 price, if you can afford it you can afford the high price of premium gas.
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