Gas prices -- how low can they go?

[floridafan]

please make note of WHY prices are dipping. demand cratered demonstrating the depth of this recession.

glad prices will come down ? sure but supply had nothing to do with it so the problem is not solved, only postponed while worse things play through.

In your wet dreams.

[Celticguy]

In your wet dreams.

what color are the unicorns in your fantasy world ?

[floridafan]

what color are the unicorns in your fantasy world ?

Lets try some facts:

Its far more complicated than your simplistic rhetoric

U.S. gasoline prices have followed a drop in the futures market for both crude oil and gasoline. Those markets are down because investors are worried interest-rate hikes will slow the economy as central banks get aggressive in combating inflation.

U.S. demand for gasoline, jet fuel and diesel is down more than 10% compared to 2019, before the pandemic began, according to the Energy Information Administration. Gasoline stations have responded by lowering prices.

The dollar is also having an effect. Oil is generally priced in U.S. dollars, so a stronger greenback makes the commodity more expensive to holders of other currencies. Earlier this week, the dollar index, which tracks the currency against a basket of six counterparts, climbed to 108.56, its highest level since October 2002.

[RB 60]

Bottom line... gas is still a dollar more a gallon than when Biden took office.

[floridafan]

Bottom line... gas is still a dollar more a gallon than when Biden took office.

Please tell us why gas was so low back in 2021.

[RB 60]

Please tell us why gas was so low back in 2021.

[Cypress]

"Gasoline prices are expected to continue to fall after Labor Day and some states could see below $3"

https://www.google.com/amp/s/www.cnb...e-below-3.html

[Geeko Sportivo]

.
Gas Prices Are Going Down — and How Low They Could Drop

Gas prices continue to fall, notching seven straight weeks of decline and providing much needed relief on household budgets all across the country.

The national average for a gallon of regular gas is nearing the $4 mark and, as of Wednesday, is already at or below that price in 20 states, according to data from the automotive club AAA. The country-wide average is currently $4.16, a drop of 65 cents from a month ago.

The price for a gallon of regular gas hit an all-time high of $5.01 in mid-June, contributing heavily to that month’s fresh four-decade high inflation rate of 9.1%. Since then, drivers have been able to save money on gas as prices steadily tumbled coast to coast.

https://www.google.com/amp/s/money.c...22/%3famp=true

$3.05 a gallon in DFW!

[Geeko Sportivo]

yes it WAS Biden, he hamstrung domestic production and started the war with Russia.

YOU FUCKING LIAR!

[Concart]

please make note of WHY prices are dipping. demand cratered demonstrating the depth of this recession.

glad prices will come down ? sure but supply had nothing to do with it so the problem is not solved, only postponed while worse things play through.

So what? Are gas prices falling, or aren't they? It's a combination of greater supply and lower demand. You dumb fucks bitched and moaned about gas prices rising when supply was more limited. But suddenly you do a 180. You are a hypocrite who utterly lacks any economic knowledge or critical thinking skills.

[Cypress]

$3.05 a gallon in DFW!

That might be the largest and fastest drop in gas prices I can remember this century.

[Into the Night]

Lets try some facts:

Its far more complicated than your simplistic rhetoric

U.S. gasoline prices have followed a drop in the futures market for both crude oil and gasoline. Those markets are down because investors are worried interest-rate hikes will slow the economy as central banks get aggressive in combating inflation.

U.S. demand for gasoline, jet fuel and diesel is down more than 10% compared to 2019, before the pandemic began, according to the Energy Information Administration. Gasoline stations have responded by lowering prices.

The dollar is also having an effect. Oil is generally priced in U.S. dollars, so a stronger greenback makes the commodity more expensive to holders of other currencies. Earlier this week, the dollar index, which tracks the currency against a basket of six counterparts, climbed to 108.56, its highest level since October 2002.

Oil prices are finally starting to come down a bit. The reason has nothing to do with investors. It has everything to do with COURT ORDER that requires Biden to finally permit drilling.

[Into the Night]

So what? Are gas prices falling, or aren't they? It's a combination of greater supply and lower demand. You dumb fucks bitched and moaned about gas prices rising when supply was more limited. But suddenly you do a 180. You are a hypocrite who utterly lacks any economic knowledge or critical thinking skills.

Supply is improving, thanks to a COURT ORDER directing Biden to permit drilling for oil.

[Celticguy]

Supply is improving, thanks to a COURT ORDER directing Biden to permit drilling for oil.

and continued covid shutdown of massive cities in China including a major manufacturing center and its largest port city.

[Hawkeye10]

The election will be over soon, expect prices to go up a bunch at that point.