Has anybody purchased any gas lately?????

gfm7175 said:
"This" hasn't even happened yet (if it ever will).
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There is a shortage of oil, which has caused oil and gasoline prices to shoot up. It would be worse but for the largest release of reserves in the history of the world. The reserves are running out. This already is the largest oil shock ever. It has already happened, but the only question is how bad it will get.

gfm7175 said:
Once the fear mongering ends, gas prices will plummet.
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Oil is consumed, so animal spirits do not matter as much. Prices can be moved a bit by running up or down reserves, but that only works for a while.
 
gfm7175 said:
??? Gas is currently $4.299/gallon at the station that I track (down 10 cents from my last update).
Gas still hasn't gotten as high as it did under the Autopen (here, it was slightly less than $5/gallon), nor has it been high for anywhere near as long as it was under the Autopen.

I wouldn't be surprised if, come the Midterms, high gas prices aren't even an issue anymore.
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That claim is false on both counts — peak gas prices under the current president exceeded the prior highs in nominal terms and have been high for a comparable duration; real (inflation‑adjusted) comparisons and state‑level/regional variation make the picture more complex.

gfm7175 is making a speculative prediction with no solid basis. Here are concise, evidence‑grounded points that rebut the claim that gas prices “won’t be an issue by Nov 2026”:

  1. Gas prices are volatile and driven largely by global factors, so future timing is unpredictable.
    • Prices respond quickly to global oil supply shocks (OPEC+ decisions, wars, sanctions), demand shifts, and major disruptions (refinery outages, hurricanes). Any such event between now and Nov 2026 could push prices up quickly.
  2. Historical precedent shows energy prices can swing rapidly and affect elections.
    • Major spikes (2008, 2022) arose from global events and persisted long enough to influence political sentiment; predicting no problem nearly two years ahead ignores that pattern.
  3. Inventory/production buffers aren’t a reliable guarantee of low prices.
    • Strategic petroleum reserves, U.S. production levels, or short‑term demand reductions can blunt but not eliminate price spikes; markets still react to global supply/demand balance.
  4. Inflation and refining/transport costs matter separately from crude price.
    • Even if crude oil moderates, refinery outages, higher diesel prices, or regional distribution problems can keep pump prices elevated.
  5. Political claims about future voter priorities are speculative.
    • Whether gas prices “won’t be an issue” depends on timing, media coverage, and competing economic concerns; gmm7175 can’t reliably declare them irrelevant.
 
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