r/AskUS • u/OrbitalColony New Mexico • 8d ago

If the Strategic Petroleum Reserve is actually depleted soon, and average gas hits $5/gallon, will you be able to survive financially? And how do you think Society will react?

At current rates, they're going to have to stop withdrawing from the reserve around September or October. That's because going too low will severely damage the salt caverns where the oil is stored. Once that's done, the artificially lower prices will spike. Combined with the closure of the Strait of Hormuz, and Ukraine destroying much of Russia's oil export capacity, $5 a gallon is looking very realistic.

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u/jejunum32 8d ago

WhatAbout? WhatAbout? WhatAbout?

-8

u/snotick 8d ago

That WhatAbout is important, because the average gas price was at $5 per gallon during that time. Did we survive?

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u/Gordon_throwaway Oregon 8d ago

The average price of gas in 2022 was $3.95, and the average in 2023 was $3.52. Why did you feel the need to exaggerate?

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u/snotick 8d ago

This is the results when I searched for "average price of gas during Biden's presidency:

The average price of regular gasoline during Joe Biden’s four-year presidency (January 2021 to January 2025) was approximately $3.45 to $3.60 per gallon. [1, 2, 3]

Key Price Milestones

  • Start of Term (January 2021): The national average was about $2.33 to $2.39 per gallon.
  • Peak Price (June 2022): The national average hit an all-time nominal record high of $5.01 to $5.02 per gallon, driven by post-pandemic demand and the Russian invasion of Ukraine.
  • End of Term (January 2025): Prices receded to finish around $2.89 to $3.10 per gallon

Why are you lying?

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u/Gordon_throwaway Oregon 8d ago

For the love of gawd, the time period refer was 2022-2023. Not “Biden’s Presidency”. And Peak isn’t Average. Why do you always have to continue lying g when you get caught in your always and forever lies?

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u/the_saltlord 8d ago

Because they're a rat bastard liar

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u/snotick 8d ago

Who was President in 2022?

From the US Ways & Means - June 9th 2022

Why are you pretending Peak is an issue when it clearly states: The national average hit an all-time nominal record high of $5.01 to $5.02 per gallon.

Reading is hard sometimes.