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ragincajun03
LA-Lafayette Fan
Member since Nov 2007
17231 posts

U.S. Gasoline Prices Could Sink Below $4 Today

quote:

Gasoline prices in the United States could fall below the $4 per gallon mark, Gas Buddy’s head of petroleum analysis, Patrick De Haan, said in a note on Monday.

Diesel will likely soon fall under $5 per gallon.

Gasoline prices have fallen for the eighth week in a row, according to Gas Buddy data.

“The national average is poised to fall back under $4 per gallon as early as today as we see the decline in gas prices enter its eighth straight week. By the end of the week, one hundred thousand stations will be at $3.99 or less,” De Haan said, adding that he has even seen some stations set their pricing below $2.99 per gallon.

Gasoline prices on Monday in the United States slipped to an average of $4.059 per gallon, according to AAA data. That’s 1 cent less than yesterday, 15.3 cents less than last week, and 66.2 cents lower than a month ago. While this is a dramatic drop over the last month, the average price is still 87 cents higher than it was a year ago.

Crude oil prices were trending up slightly on Monday, but have fallen considerably over the past week on market fears that we are heading into—or are already in—a recession.

Despite the fears that a looming recession and continued fed tightening could eat into demand for crude oil, the fundamentals haven’t changed over the course of the last week. Global refining capacity is shrinking, U.S. shale Q2 reports indicate that most companies do not have aggressive production plans for the coming year
, and OPEC+ has issued a warning about its own lack of capacity by saying last week that “the severely limited availability of excess capacity necessitates utilizing it with great caution in response to severe supply disruptions”.


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Damn, President Biden's BBB Plan and the Inflation Cancelling Bill already doing some serious work.

Hope you baws didn't finance those platinum truck nuts with too high an interest rate.


Shexter
Prairieville
Member since Feb 2014
10928 posts


Promoting it as a "discount"
I see it as still up $2.00.


upgrayedd
US Space Force Fan
Lifting at Tobin's house
Member since Mar 2013
130019 posts

quote:

Damn, President Biden's BBB Plan and the Inflation Cancelling Bill already doing some serious work.

Hope you baws didn't finance those platinum truck nuts with too high an interest rate.

1. I think demand was dropping because prices were so high
2. Vacation season is pretty much over now that most schools start in early-mid August.


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lockthevaught
Ole Miss Fan
Member since Jan 2013
1982 posts

Found gas for $3.05 per gallon a few days ago in North Mississippi


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SelaTiger
USA Fan
Member since Aug 2016
13241 posts

I got has for 3.19 today. Biden needs to keep up the good work.


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615
East Coast Band
Alabama Fan
Member since Nov 2010
57492 posts

Just like how Biden boasted about "job creations" ladt year after all his fellow Democrats shut everything down in 2020.
Now he boasts about lowering gas prices. Right after he says it's a price to pay for us to transition ( to green energy)


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CatsGoneWild
LSU Fan
Pigeon forge, Tennessee
Member since Jan 2008
11487 posts

quote:

Promoting it as a "discount"
I see it as still up $2.00.
exactly


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cypresstiger
LSU Fan
The South
Member since Aug 2008
7907 posts

People are buying less, so price goes down.


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roadGator
USA Fan
Member since Feb 2009
124514 posts
 Online 

quote:

President Biden's BBB Plan and the Inflation Cancelling Bill


If he brought it down why did he take it so high to begin with?
This post was edited on 8/8 at 5:09 pm


conservativewifeymom
Mid Atlantic
Member since Oct 2012
11433 posts

Nothing to celebrate, temporary anyway!

Just read the provisions of this latest crap bill the regressives have unleashed on America.
This post was edited on 8/8 at 5:01 pm


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ragincajun03
LA-Lafayette Fan
Member since Nov 2007
17231 posts

quote:

If he brought it done why did he take it so high to begin with?


Evil mean oil & gas companies wanted to make him look bad. All their fault. Colluding with Donald Trump and Russia.


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waiting4saturday
LSU Fan
Covington, LA
Member since Sep 2005
8462 posts

Unless the price starts with a $1.XX then its still high.


c on z
New York Yankees Fan
Zamunda
Member since Mar 2009
123108 posts

quote:

If he brought it done why did he take it so high to begin with?

I thought we shouldn’t give presidents credit on the state of gas prices.


ragincajun03
LA-Lafayette Fan
Member since Nov 2007
17231 posts

quote:

Unless the price starts with a $1.XX then its still high.


Well that's happened as a national average for only five months since March 2009.

Everyone can speculate the main cause for it happening March and April 2020.


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Koach K
Duke Fan
Member since Nov 2016
3015 posts

Don’t worry it might be a big head fake.


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armsdealer
New Orleans Pelicans Fan
Member since Feb 2016
7984 posts

Its been sub $3 at costco BR but that place is a shite show.



roadGator
USA Fan
Member since Feb 2009
124514 posts
 Online 

Take it up with the OP, commie.


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jdd48
LSU Fan
Baton Rouge
Member since Jan 2012
19231 posts

quote:


I thought we shouldn’t give presidents credit on the state of gas prices.


This criminal media would give him public praise for spelling his own name right. We thought the media fawning was embarrassing in the Obama years. This is even worse.


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DownSouthCrawfish
US Army Fan
Simcoe Strip - He/Him/Helicopter
Member since Oct 2011
28277 posts

Thank you, President Biden!


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LNCHBOX
LSU Fan
70448
Member since Jun 2009
78040 posts

quote:

I thought we shouldn’t give presidents credit on the state of gas prices.

God damn, you are a retard


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