Fuel Prices going DOWN!!!!!
Tuned
Joined: Nov 2018
Posts: 398
Likes: 110
From: Southwest Montana & Idaho
US Diesel Supply of Just 25 Days Poses Problem for Biden - Bloomberg
Fleet Mechanic
Joined: Dec 2021
Posts: 1,735
Likes: 1,116
Hotshot
Joined: Jul 2002
Posts: 18,365
Likes: 9,149
From: Sheridan / Gilchrist
Got a good chuckle out of that article just like the rest of the articles on this topic. They always mention the Biden Admin is looking at all options but yet removing the roadblocks to allow domestic production again is never in that list of all the options... $2.30 diesel and $1.79 gasoline, now I remember that from 2020.
Just one example:
2011 F350 Diesel Report
Date Account Description Tag Memo Amount
9/26/2020 Costco Citi Visa-Costco Rewards Card Costco - Lubbock Tx Fuel Expense 22.181 gals @ 1.669 110475.8 -37.02
(It was 2.699 here at home when we left.) We got to Eastern Oregon and it dropped to 2.399 and we didn't see it that high again until we got back to Oregon.)
Currently running 5.89.9 here.
4wd High
Joined: Oct 2022
Posts: 9
Likes: 0
Gas prices are down 51 days in a row now according to Yahoo Finance/WSJ. (Actually should be 52 now since this was from yesterday) WOOHOO!!!! Who's taking the camper on a road trip?!
Unemployment is at 3.5%, it's lowest level in 50 years. 528,000 new jobs in July. So lots of people should be able to afford to put gas in their tank. We paid $3.24 today in NM, Gas Buddy shows prices as low as $3.09 in NM and $2.99 in TX and OK. Life is good!
https://www.wsj.com/livecoverage/sto...oa6GQcy1ZlB52P
Unemployment is at 3.5%, it's lowest level in 50 years. 528,000 new jobs in July. So lots of people should be able to afford to put gas in their tank. We paid $3.24 today in NM, Gas Buddy shows prices as low as $3.09 in NM and $2.99 in TX and OK. Life is good!
https://www.wsj.com/livecoverage/sto...oa6GQcy1ZlB52P
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Cross-Country
Joined: Feb 2021
Posts: 72
Likes: 13
Lead Driver
Joined: Jul 2003
Posts: 9,372
Likes: 1,733
From: AKRON ohio
Thats STILL over buck higher than it was 2.5 years ago, plus everything else is higher. I'd better stop before, you know............
Lead Driver
Joined: Jul 2003
Posts: 9,372
Likes: 1,733
From: AKRON ohio
Thats STILL over buck higher than it was 2 years ago, plus everything else is higher. I'd better stop before, you know............
Hotshot
Joined: Oct 2015
Posts: 19,713
Likes: 12,853
From: Wyoming
I read that the price drop is due to lack of demand. My guess is nobody can afford gas now that everything else costs so much more.
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Fleet Mechanic
Joined: Jan 2022
Posts: 1,410
Likes: 712
Yeah I read that as well, pretty hard to believe as people aren't driving any less. However no one can really refute that statement so they can claim that's the reason regardless of whether it's true or not.
Hotshot
Joined: Oct 2015
Posts: 19,713
Likes: 12,853
From: Wyoming
Cause and effect is debatable. The actual consumption numbers should be objective. If it's down, it's down.
Fleet Mechanic
Joined: Jan 2022
Posts: 1,410
Likes: 712
Down from what? Last month, last year, the last 10 years? They can swing that statement to be true depending on the dates they're comparing. With the world slowing going back to normal post covid I find it hard to believe demand is less than it was 2 years ago or even 1 year ago due to people returning to offices, going out to eat, going out to do whatever, holidays, etc...... I was agreeing with your statement, didn't mean to start a debate over it....
Hotshot
Joined: Oct 2015
Posts: 19,713
Likes: 12,853
From: Wyoming
Down from what? Last month, last year, the last 10 years? They can swing that statement to be true depending on the dates they're comparing. With the world slowing going back to normal post covid I find it hard to believe demand is less than it was 2 years ago or even 1 year ago due to people returning to offices, going out to eat, going out to do whatever, holidays, etc...... I was agreeing with your statement, didn't mean to start a debate over it....
Hotshot
Joined: Jul 2002
Posts: 18,365
Likes: 9,149
From: Sheridan / Gilchrist
Regular Cash 4.59
Midgrade Cash 4.79
Premium Cash 4.99
Diesel Cash 5.79
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Cross-Country
Joined: Feb 2021
Posts: 72
Likes: 13
You guys complaining about $5-$6 gas need to move somewhere else or sell the gas guzzler - sounds like the price of gas is too damn high where you live! It's less than $3 some places.
Also - 2-2.5 years ago was a demand crash due to pandemic shutdown of the worldwide economy, so if you expect those prices to come back you will be surely, and sorely, disappointed for all eternity. Do you think we just forgot about that????
Also - 2-2.5 years ago was a demand crash due to pandemic shutdown of the worldwide economy, so if you expect those prices to come back you will be surely, and sorely, disappointed for all eternity. Do you think we just forgot about that????