Tim Stewart
๐ค SpeakerAppearances Over Time
Podcast Appearances
We're up $10, we're down $10.
It's hard for us to plan for that.
And above 90, our prices for production go up as well.
So those Goldilocks zones are in that 70 to 90, which that translates into that $2.95, $3.15 a gallon for gas.
And that's where people seem to be able to function well.
To your point, though, sorry, but to your point, is what can be done to immediate relief
Keep in mind that the price of crude is one portion of what you're paying at the pump.
The federal and the state and local taxes are the other.
And California adds another $1.65 on top of it.
And the lowest is Alaska, which is like $0.29.
The most immediate thing that could probably be done is have the states themselves look at what they're charging and adjust those fees, adjust those taxes, or waive them, or do a holiday or something like that.
And that brings some immediate relief.
But again, the problem is that relief only lasts as long as we don't get a $20 spike in crude the next day because of a tweet or because of a drone strike.
We're in a really tough spot right now.
Look, I filled up yesterday.
It sucks.
And I've noticed, and nobody wants to be pushing low and moderate income families into energy poverty.
My industry hates that.
We want them to be able to afford food and gas.
So that's where we're at.