As of 2018, the United States is the world’s largest crude oil producer. The US currently produces approximately 12,108,000 barrels per day. Russia and Saudi Arabia follow the United States in crude oil production, producing 10,709,000 and 9,580,000 barrels per day respectively. Texas is the largest producer of crude oil in the United States. In 2018, Texas produced 1,609,075 barrels of oil, which is more than the other nine oil producing states combined. Texas is pushing to become the world’s third-largest oil producer, soon passing Iraq and Iran.

The second largest producer of oil in the US is North Dakota at 461,531 barrels.

Yes we do :ernaehrung004: and I respect yours as well.
We certainly don't need to agree on politics to still be friends.

Wouldn't the surge in demand for heating oil affect prices? Cold winter in most of the country = bump in prices at the pumps.

I buy 90-100 gallons of gas a week (fueling 4 vehicles). So at 2.25 a gallon I spend $200-225 a week, if it bumps 30 cents then I'm up to $230-255 a week. $30 extra a week is $1500 a year, not really a deal breaker.

On the other hand, a product I use frequently in my business was made in Louisiana/Texas and the plant was destroyed in a hurricane last year. It used to be $65-70 a bucket, now it is $135 a bucket IF you can get it. We went about 3 months at the end of 2020 where it couldn't be found at any price. A byproduct of it still isn't being produced which we use less of but when you need it, it is really crucial. 32 years in the same business, never had a shortage like this.

Interest rates are stupid low, if you are making a house payment with a great rate then you are saving there, stock market is roaring so even if you are just a mutual fund investor that is turning nice returns so in the big picture 30 cents a gallon at the pump isn't exactly the end of the world.

Am I looking at this wrong or does the math not make sense

What math are you taking about? What figures are you taking about? What are YOU looking at?

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exactly my reaction too.

For the majority of us here on OSO, a rise in cost for fuel isn't going to be a game changer. However, for someone living off of their very last dime, week-to-week/month-to-month, the rise in fuel costs will make that person have to figure out how to make it to work and put food on the table with less available funds. The rise in fuel costs also creates a rise in the cost of goods Those additional costs will be passed to the consumer. This would make it that much harder for those with little means. And that's just for gasoline. What about those that have to pay for heating oil to stay warm? It spirals from there.

"The US currently produces approximately 12,108,000 barrels per day."
"Texas produced 1,609,075 barrels of oil, which is more than the other nine oil producing states combined."

Where does the other 9 million ish barrels come from???