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Started By
Message
U.S. Gasoline Prices Could Sink Below $4 Today
Posted on 8/8/22 at 4:47 pm
Posted on 8/8/22 at 4:47 pm
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”.
LINK
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.
Posted on 8/8/22 at 4:49 pm to ragincajun03
Promoting it as a "discount"
I see it as still up $2.00.
Posted on 8/8/22 at 4:49 pm to ragincajun03
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.
Posted on 8/8/22 at 4:50 pm to ragincajun03
Found gas for $3.05 per gallon a few days ago in North Mississippi
Posted on 8/8/22 at 4:50 pm to ragincajun03
I got has for 3.19 today. Biden needs to keep up the good work.
Posted on 8/8/22 at 4:51 pm to ragincajun03
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)
Now he boasts about lowering gas prices. Right after he says it's a price to pay for us to transition ( to green energy)
Posted on 8/8/22 at 4:51 pm to Shexter
quote:exactly
Promoting it as a "discount"
I see it as still up $2.00.
Posted on 8/8/22 at 4:52 pm to ragincajun03
People are buying less, so price goes down.
Posted on 8/8/22 at 4:56 pm to ragincajun03
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 8/8/22 at 5:09 pm
Posted on 8/8/22 at 4:58 pm to ragincajun03
Nothing to celebrate, temporary anyway!
Just read the provisions of this latest crap bill the regressives have unleashed on America.
Just read the provisions of this latest crap bill the regressives have unleashed on America.
This post was edited on 8/8/22 at 5:01 pm
Posted on 8/8/22 at 4:59 pm to roadGator
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.
Posted on 8/8/22 at 5:01 pm to ragincajun03
Unless the price starts with a $1.XX then its still high.
Posted on 8/8/22 at 5:03 pm to roadGator
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.
Posted on 8/8/22 at 5:03 pm to waiting4saturday
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.
Posted on 8/8/22 at 5:08 pm to ragincajun03
Don’t worry it might be a big head fake.
Posted on 8/8/22 at 5:08 pm to ragincajun03
Its been sub $3 at costco BR but that place is a shite show.
Posted on 8/8/22 at 5:09 pm to c on z
Take it up with the OP, commie.
Posted on 8/8/22 at 5:09 pm to c on z
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.
Posted on 8/8/22 at 5:10 pm to ragincajun03
Thank you, President Biden!
Posted on 8/8/22 at 5:13 pm to c on z
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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