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Message
U.S. Average Gasoline Price Declines from Last Week
Posted on 7/21/25 at 8:51 am
Posted on 7/21/25 at 8:51 am
quote:
After just one week, the nation’s average price of gasoline has reverted to a decline, falling 1.7 cents compared to a week ago and stands at $3.09 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is down 11.5 cents from a month ago and is 37.7 cents per gallon lower than a year ago. The national average price of diesel has increased 1.7 cents in the last week and stands at $3.693 per gallon.
“The national average price of gasoline slipped slightly over the last week, falling alongside oil, which dropped more than $2 per barrel,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “However, a few states — including Florida, Nebraska, and Indiana — bucked the trend, posting double-digit increases per gallon."
quote:
In early Monday trade, a barrel of WTI crude was down 3 cents to $67.31 per barrel, down from last Monday’s $69.19 per barrel start. Brent crude oil was down 23 cents in early Monday trade to $69.05 per barrel, below last week’s $71.02 per barrel start.
quote:
The EIA’s Weekly Petroleum Status Report for the week ending July 11, 2025, showed U.S. oil inventories fell by 3.9 million barrels and are about 8% below the seasonal average for this time of year, while the SPR fell 300,000 barrels to 402.7 million.
quote:
The states with the lowest average prices: Mississippi ($2.69), Oklahoma ($2.69), and Texas ($2.72).
The states with the highest average prices: Hawaii ($4.47), California ($4.43), and Washington ($4.32).
Biggest weekly changes: Michigan (-11.8¢), Indiana (+10.4¢), Ohio (-10.4¢), Florida (+10.2¢), Colorado (-6.9¢)
quote:
The states with the lowest average diesel prices: Texas ($3.23), Oklahoma ($3.29), and Mississippi ($3.31).
The states with the highest average diesel prices: Hawaii ($5.20), California ($5.14), and Washington ($4.98).
Biggest weekly changes: Arizona (+14.1¢), Indiana (+9.7¢), Colorado (+8.2¢), Alaska (+6.1¢), Texas (+6.0¢).
LINK
quote:
the SPR fell 300,000 barrels to 402.7 million
quote:
the nation’s average price of gasoline has reverted to a decline, falling 1.7 cents compared to a week ago
Selling off our Strategic Petroleum Reserve to artificially lower gasoline prices.
On another note, Hawaii overtook California for highest average gasoline price. Interesting...
3
Posted on 7/21/25 at 8:56 am to ragincajun03
yeah, we should make everyone pay more for gasoline so we can have plenty in the SPR. You're retarded.
What do you think happens when we reduce the amount in the SPR? Do you think they don't replace it?
What do you think happens when we reduce the amount in the SPR? Do you think they don't replace it?
Posted on 7/21/25 at 9:01 am to slidingstop
quote:
yeah, we should make everyone pay more for gasoline so we can have plenty in the SPR. You're retarded.
It'll be ok. Everyone must remain calm.
quote:
WASHINGTON—The U.S. Department of Energy (DOE) today announced the authorization of an exchange from the Strategic Petroleum Reserve (SPR) with ExxonMobil Corporation to address logistical challenges impacting crude oil deliveries to the company’s Baton Rouge refinery. U.S. Secretary of Energy Chris Wright authorized this action to help maintain stable regional supply of transportation fuels across Louisiana and the broader Gulf Coast. This action preserves the SPR’s operational flexibility and will not impact or delay the Department’s ongoing efforts to refill the reserve.
Under the exchange agreement, DOE will provide up to 1 million barrels of crude oil from the SPR. The exchange will support ExxonMobil’s restoration of refinery operations that were reduced due to an offshore supply disruption. ExxonMobil will return the borrowed crude along with additional barrels of crude oil for the SPR at no cost to the taxpayer.
The Department remains in close coordination with industry partners to ensure stability in the fuel supply chain during the peak demand season. DOE continues to encourage refiners to prioritize efficient production and delivery of refined fuels, stands ready to support the nation’s energy security through the responsible use of strategic resources, and will continue to deliver on President Trump’s commitment to protect American energy security by refilling the SPR.
Background:
Sections 159 and 160 of the Energy Policy and Conservation Act (EPCA), 42 U.S.C.A. §§ 6239 and 6240, authorize the Secretary of Energy to exchange SPR petroleum products and to acquire petroleum products by exchange for storage in the SPR. The Secretary of Energy has previously exercised this legal authority to conduct emergency exchanges in response to supply disruptions, including Keystone Pipeline in 2022, and the Calcasieu Ship Channel closures in 2006 and 2000.
An oil supply disruption has led to reduced operations at the Baton Rouge refinery, limiting production of transportation fuels. The exchange is intended to ensure the maximum supply of refined fuel products in the Gulf Coast region while ExxonMobil resolves logistical challenges.
LINK
Posted on 7/21/25 at 9:02 am to ragincajun03
I heard it's down to $1.98 a gallon in some places.
God knows where, but someone is making that claim.
God knows where, but someone is making that claim.
Posted on 7/21/25 at 9:10 am to ragincajun03
quote:
Everyone must remain calm.
you're the only one posting the little angry emojis! Take your own advice.
Posted on 7/21/25 at 9:13 am to slidingstop
quote:
yeah, we should make everyone pay more for gasoline so we can have plenty in the SPR. You're retarded.
It was a government bailout only allowed because XOM has connections within the government.
It cost their competitors millions.
Posted on 7/21/25 at 10:03 am to fightin tigers
quote:
It was a government bailout only allowed because XOM has connections within the government.
It cost their competitors millions
Sounds like those competitors should develop better relations with the Feds.
Also, name the competitors. I doubt Chevron or Shell felt much discomfort from this.
I have no issue with faulting it as a bailout or subsidy. But if it actually drives down the cost of something that affects as many people as gas prices do, I'm not too upset about.
Posted on 7/21/25 at 10:42 am to slidingstop
quote:
Sounds like those competitors should develop better relations with the Feds.
Also, name the competitors. I doubt Chevron or Shell felt much discomfort from this.
I have no issue with faulting it as a bailout or subsidy. But if it actually drives down the cost of something that affects as many people as gas prices do, I'm not too upset abou
So you want socialized losses and privatized profits?
You are for the government picking winners and losers?
Your dumbass probably owns stock in the competitor companies because they perform better than XOM and you will see lesser money in your dividends.
The market could 100% have absorbed XOM losing 300KB of production and the competitors would have filled in their production. Utilization fell that week meaning that production was taken offline due to profitability.
This is government officials being bought for profits of a single company at the expense of their competitors and the taxpayer funded it.
Posted on 7/21/25 at 11:12 am to fightin tigers
quote:
You are for the government picking winners and losers?
when, in modern times, have they not done so? This is how the game is played. Do I like it? Not necessarily. But if I can get a benefit in the form of lower gas prices from it. I'll take it.
You have a lot of butt hurt over something you have absolutely no control over. Take the win in lower gas prices-even if they are temporary. The same game is going to play out regardless. And that won't change no matter how outraged you are about it. Or how little I seem to be moved by it.
Posted on 7/21/25 at 12:01 pm to slidingstop
quote:
when, in modern times, have they not done so?
Never has this step been taken. Ever.
quote:
Take the win in lower gas prices-even if they are temporary.
Likely did not result in lower gas prices. Just removed profit from one company to another.
quote:
This is how the game is played
What, socialized energy? The "rules of the game" have never included this.
This post was edited on 7/21/25 at 12:02 pm
Posted on 7/21/25 at 12:18 pm to ragincajun03
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