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Trump has lowered the cost of oil by $15 per barrel

Posted on 3/5/25 at 10:25 am
Posted by BCreed1
Alabama
Member since Jan 2024
5147 posts
Posted on 3/5/25 at 10:25 am
As a result, fuel prices are dropping.


Michigan gas prices hit new 2025 low LINK

Gas prices: Decreases at the pumps continue to start the week LINK

Diesel, gas prices drop nationwide LINK


Diesel and gasoline prices dropped across the board in the U.S. this week. The new national diesel price average is $3.635, a 6-cent drop from last week, according to data released by the U.S. Energy Information Administration on March 3.
Posted by LSUDad
Still on the move
Member since May 2004
60637 posts
Posted on 3/5/25 at 10:26 am to
I paid $2.33/gal yesterday.
Posted by tigeraddict
Baton Rouge
Member since Mar 2007
13288 posts
Posted on 3/5/25 at 10:29 am to
easiest way to lower inflation is to lower energy costs

every product requires energy in production and energy in getting the product to market....lower that cost will lower the cost of the end product


Posted by dchog
Pea Ridge
Member since Nov 2012
25626 posts
Posted on 3/5/25 at 10:30 am to
Make gas cheap again.
Posted by Ham Solo
Member since Apr 2015
8054 posts
Posted on 3/5/25 at 10:30 am to
Awesome, one of my local libs has been screaming these higher prices are Trump's fault and that he promised to bring them down. She's not going to like this news.
Posted by Ten Bears
Florida
Member since Oct 2018
4199 posts
Posted on 3/5/25 at 10:30 am to
OPEC agreed to increase production in April.

LINK

And while this is a good thing, this will be happening:

LINK
Posted by lsufan9193969700
Madisonville
Member since Sep 2003
55698 posts
Posted on 3/5/25 at 10:30 am to
I paid $2.43 in Central a few days ago.
Posted by BCreed1
Alabama
Member since Jan 2024
5147 posts
Posted on 3/5/25 at 10:34 am to
quote:

easiest way to lower inflation is to lower energy costs



Yes sir.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
281843 posts
Posted on 3/5/25 at 10:35 am to
quote:

rump has lowered the cost of oil


Posted by SingleMalt1973
Member since Feb 2022
19223 posts
Posted on 3/5/25 at 10:36 am to
Posted by allin2010
Auburn
Member since Aug 2011
18314 posts
Posted on 3/5/25 at 10:37 am to
Posted by LSUnation78
Northshore
Member since Aug 2012
13388 posts
Posted on 3/5/25 at 10:39 am to
I’ll pay dbl if i never have to see trudeau again
Posted by rileytiger
Surfing The Gulf of America
Member since Feb 2007
3169 posts
Posted on 3/5/25 at 10:39 am to
Wow. It looks like gas has gone down about 10 to 15 Cents here in Houston. $2.49 to $2.35 at Walmart/Murphy.
Posted by lungbuster06
Member since Dec 2014
705 posts
Posted on 3/5/25 at 10:44 am to
quote:

easiest way to lower inflation is to lower energy costs

every product requires energy in production and energy in getting the product to market....lower that cost will lower the cost of the end product


Energy drives the cost of every consumer item.
Posted by SlayTime
Member since Jan 2025
1414 posts
Posted on 3/5/25 at 10:45 am to
2.55 here at Sam’s this am. Hasn’t been this low in a long time.
Posted by tigersmanager
Member since Jun 2010
8126 posts
Posted on 3/5/25 at 10:53 am to
best President ever
Posted by LSUDad
Still on the move
Member since May 2004
60637 posts
Posted on 3/5/25 at 10:54 am to
quote:

2.55 here at Sam’s this am.


Sams yesterday was $2.33
Posted by Ag Zwin
Member since Mar 2016
22896 posts
Posted on 3/5/25 at 10:56 am to
WTI sitting at about $65 right now, after dropping over $2 today.

Unpopular opinion (except for many Texas baws): That’s approaching “too low”.

You want it to stay in a band of about 65-80. Outside that is not sustainable, and volatility sucks.
Posted by Jinks
Member since Apr 2018
605 posts
Posted on 3/5/25 at 11:03 am to
Yes, stay in the 65-80 range makes everyone happy. Gotta keep the oil field hard at work.
Posted by Thecoz
Member since Dec 2018
3385 posts
Posted on 3/5/25 at 11:20 am to
This is good news .. almost back to the price it was at end of last year before the elections..

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