- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Average U.S. Gas Prices Fall to Lowest March Level since 2021
Posted on 3/10/25 at 12:17 pm to Peter Venkman
Posted on 3/10/25 at 12:17 pm to Peter Venkman
quote:
It seems like cheaper gas will help drive the cost of goods down or at the very least help the costs to remain stagnant.
Lower gasoline prices in and of itself in a vacuum isn't necessarily a bad thing. However, it depends on what the main driver of those low (especially getting sub $2 nationwide average) is.
The last three times, I believe, we've had the national average drop below $2/gallon, it was at the same time we had recessions. The drop in economic commerce ended up being a main driver in such a low dip.
December 2008-March 2009, right after the 2008 Financial Crisis.
January-March 2016, from the 2015 Recession.
April & May 2020 from the COVID shutdowns.
If gasoline drops below $2/gallon solely because there's huge increases in supply and the economy is still chugging along, then that would probably be overall good. But if it drops that low because demand for gasoline has taken a huge fall because of lack of travel and economic transportation, then that's probably not a good thing.
1
Posted on 3/10/25 at 12:20 pm to ragincajun03
How dare you use logic here. This isn’t maga talk!
But yeah look at the stock market, we in something deep.
But yeah look at the stock market, we in something deep.
Posted on 3/10/25 at 12:20 pm to ragincajun03
Don’t like it. I’ve been in the O&G business for 26 years. Not great things tend to happen downstream whenever a Republican is in office. We like the price is a little bit higher. And I know some people will bitch about me saying this. Maybe you should buy vehicles that you can afford to put gas in
Posted on 3/10/25 at 12:22 pm to Potchafa
Someone on reddit posted a 45k civic the other day. I remember that was 22k
Posted on 3/10/25 at 12:23 pm to ragincajun03
All well and good but we don't pay enough attention to diesel prices. That's what really hits your pocketbook unless you just drive a gas car everywhere and consume nothing that gets trans0orted.
Posted on 3/10/25 at 12:32 pm to fareplay
quote:
Someone on reddit posted a 45k civic the other day. I remember that was 22k
Car prices have gotten stupid since COVID.
In 2019, bought a used 2018 Mazda 3 for my kid. 7k miles. Paid $17k.
Looking strolling through the CarMax parking lot in 2022, those 2018 Mazda 3s were going for over $20k with over 20k miles.
Posted on 3/10/25 at 12:53 pm to ragincajun03
Musk didn't do shite for gasoline prices. Oil field baws know ZERO about refining. All they know is producing and what the pipeline will buy it for.
Refiners using heavy crude from Canada and Mexico cannot change to US crude. It's completely different refinery configuration. Also, much of the tight shale crude has to be "refined" before it is actually refined. It also take more heat to refine crude oil the lighter it is.
Refiners using heavy crude from Canada and Mexico cannot change to US crude. It's completely different refinery configuration. Also, much of the tight shale crude has to be "refined" before it is actually refined. It also take more heat to refine crude oil the lighter it is.
Posted on 3/10/25 at 1:04 pm to Bonkers119
quote:
You do realize that falling gas prices is a clear sign of the economy slowing down right? A recession is coming, thanks Trump.
We were in a recession under Biden you stupid frick.
Oh and I’ve been calling this for weeks ever since that dude made his thread about gas prices.
And every week they’ve come down, except for one week it stayed the same.
This post was edited on 3/10/25 at 1:05 pm
Posted on 3/10/25 at 1:07 pm to Potchafa
quote:
Don’t like it. I’ve been in the O&G business for 26 years.
20 years ago gas prices were lower.
What did y’all do then?
Hell 30 years ago that shite was under $1.
This post was edited on 3/10/25 at 1:08 pm
Posted on 3/10/25 at 1:08 pm to Bonkers119
If recession means more money in my pocket to save or spend on family outings then I am all for it. You dems are beyond stupid.
Posted on 3/10/25 at 1:10 pm to dgnx6
quote:
We were in a recession under Biden you stupid frick.
Did you get your weekly email from the GOP for your talking points for the week? If that were the case, then the Atlanta Fed GDP would have predicted it while Biden was still in office. We're in a recession because Trump has terrible domestic policies.
Posted on 3/10/25 at 1:12 pm to Bonkers119
quote:
Did you get your weekly email from the GOP for your talking points for the week? If that were the case, then the Atlanta Fed GDP would have predicted it while Biden was still in office. We're in a recession because Trump has terrible domestic policies.
lol, it’s transitory a-hole.
Hey look at this guy, $5/gallon of gas is where we wanna be.
Stupid frick.
quote:
WASHINGTON—The Department of Commerce announced its advance estimate for second-quarter real gross domestic product (GDP) growth was negative 0.9%, the second consecutive quarter of negative growth, and indicating the U.S. economy is in recession.
Biden.
This post was edited on 3/10/25 at 1:15 pm
Posted on 3/10/25 at 1:21 pm to Bonkers119
But all the Libtards say gas has gone up since Trump took office
Posted on 3/10/25 at 1:21 pm to dgnx6
quote:
WASHINGTON—The Department of Commerce announced its advance estimate for second-quarter real gross domestic product (GDP) growth was negative 0.9%, the second consecutive quarter of negative growth, and indicating the U.S. economy is in recession.
Do you have a link for this quote?
I have a link for mine.
GDP growth by quarter
Q4 2024 (2nd)
+2.3%
Q3 2024
+3.1%
Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024, according to the second estimate. In the third quarter, real GDP increased 3.1 percent. The increase in real GDP in the fourth quarter primarily reflected increases in consumer spending and government spending that were partly offset by a decrease in investment. Imports, which are a subtraction in the calculation of GDP, decreased.
Posted on 3/10/25 at 1:24 pm to mrcoon
My fellow OT republicans, this is your peer.
Posted on 3/10/25 at 1:48 pm to CitizenK
You need to recalibrate your sarcasm meter.
Posted on 3/10/25 at 1:53 pm to dgnx6
quote:
20 years ago gas prices were lower.
What did y’all do then?
National gasoline average 20 years ago (March 2005) was $2.079/gallon. That was actually the first month since the EIA started tracking such data in 1990 that the average got over $2. I was a fairly newbe in the industry and was pretty damn busy. SE Texas had me working harder than I do now.
My dollar was worth a whole hell of alot more back then, and materials and labor in the field was less too. What would $2.079/gallon translate to in today's dollars?
This post was edited on 3/10/25 at 1:55 pm
Posted on 3/10/25 at 1:57 pm to Bonkers119
quote:
We're in a recession because Trump has terrible domestic policies.
In only seven weeks of office this President has already caused a recession?
I'm not sure that's quite how it works. However, I am no economist...though I did sleep at a Marriott hotel not too long ago.
Posted on 3/10/25 at 2:02 pm to dgnx6
quote:
We were in a recession under Biden you stupid frick.
Biden never governed over a recession. In fact, when he left office the markets were humming along, hiring still happening at a strong pace, GDP on track for nearly 4% growth.
I don't know, it's weird. It's like something has happened between then and now that has just fricked everything up.
Posted on 3/10/25 at 2:04 pm to Bonkers119
quote:
Do you have a link for this quote?
The Atlanta fed has a GDP tracker/analyzer...that's where the numbers are coming from (I assume)
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News