The US needs to increase oil production back to 13 million barrels per day to begin reducing gasoline prices.
US Oil & N Gas Production by Month on 2020 and 2021
shows how the reduction in US oil production is driving higher gasoline prices
that track the average price of oil. This
is pure supply and demand.
Month Million BBD Reg Gas Oil Ave
Oct 2021
11.0 est 3.28 83.52
Sep
2021 11.0 est 3.26 74.49
Aug
2021 11.120 3.06
70.75
Jul 2021
11.307 3.04
75.17
Jun
2021 11.276 2.96
73.16
May
2021 11.334
2.89 68.53
Apr
2021 11.230 2.77 64.81
Mar
2021 11.160
2.73 65.41
Feb
2021 9.883 2.41
62.28
Jan
2021 11.056 2.24
54.77
Dec
2020 11.084 2.11 49.99
Nov
2020 11.121
2.02 42.69
Oct
2020 10.413 2.07
40.19
Sep
2020 10.868 2.10
40.91
Aug
2020 10.558 2.09
44.74
Jul
2020 10.956 2.10 43.24
Jun
2020 10.420 2.00 40.27
May
2020 9.711
1.77 29.38
Apr
2020 11.911 1.72
18.38
Mar
2020 12.816 2.13
32.01
Feb
2020 12.826 2.35 55.66
Jan
2020 12.785 2.46 63.65
Dec
2019 12.910 2.47
Nov
2019 12.996 2.48
Oct
2019 12.771 2.50
Sep
2019 12.572 2.49
Aug
2019 12.475 2.52
Jul 2019
11.896 2.64
Jun
2019 12.179 2.60
May
2019 12.141 2.73
Apr
2019 12.125 2.69
Mar
2019 11.899 2.44
Feb
2019 11.653 2.22
Jan
2019 11.848 2.15
https://www.eia.gov/petroleum/production/
https://www.statista.com/statistics/262861/uk-brent-crude-oil-monthly-price-development/
Norb Leahy, Dunwoody GA Tea Party Leader
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