Gas Prices Are Still Dropping With No Signs Of Stopping.

[FstFrd00]

DFW is 2.80ish???!!!

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[AZ_Liberty]

Up 10 cents here to about 3.29.

 

[MayhemMike]

Jumped twenty five cents in a week in Maryland. BTW, Maryland fuel tax is obscene.

 

[Beach_Bum]

I was shocked to fill up at $2.35/gallon in Marble Falls, TX when I attended the Off-Roadeo on Dec. 12th. Since returning home to FL, it is at $3.29 which is still cheaper than last summer, but it stings a bit knowing that it was almost a full $1 cheaper less than a month ago.

 

[Hopeless Diamond]

Paid $3.07 on Sunday in Cle Elum, WA (central cascades), just paid $3.34 at the same place. Still almost $1.50 cheaper than in the Seattle area

 

[KompressorV12]

The types of comments on this thread would have looked FAR different just 6 months ago. Looks like everyone is back on the "supply and demand" dictate gas prices train and off the "let's fit my agenda" train

 

[carmigo]

It was still almost 4 bucks a gallon (for 91 octane) just a couple days ago here in Utah.

Wow, even Utah is at $4, how interesting...

 

[carmigo]

Paid $3.07 on Sunday in Cle Elum, WA (central cascades), just paid $3.34 at the same place. Still almost $1.50 cheaper than in the Seattle area

Still not a great price. Hoping for a break in all these gas price increases.

 

[carmigo]

I was shocked to fill up at $2.35/gallon in Marble Falls, TX when I attended the Off-Roadeo on Dec. 12th. Since returning home to FL, it is at $3.29 which is still cheaper than last summer, but it stings a bit knowing that it was almost a full $1 cheaper less than a month ago.

Agreed, hopefully they go back down, but only time will tell.

 

[C00TER]

Up 10 cents here to about 3.29.

Yep
Just west of Phoenix and it’s 3.65 out in Tonopah way

 

[BrentC]

The types of comments on this thread would have looked FAR different just 6 months ago. Looks like everyone is back on the "supply and demand" dictate gas prices train and off the "let's fit my agenda" train

Not quite.

The only thing keeping fuel prices down is the alarmingly large drawdown on the Strategic Oil Reserve. This reserve was set up to deal with acute fuel shortages due to war, embargoes and/or catastrophic weather damage, but has instead been drawn down to meet demand and keep voters happy.

It’s a runaway train that’s almost at the end of the track, and it will crash. The US is only producing about 13 million barrels/day and consumes all of it, so there is no way to replenish the reserve without importing fuel as long as the current administration is set on killing the oil industry. So, once the reserve is tapped out, expect shortages and price spikes.

Details:

US Strategic Oil Reserve....to be used in times or catastrophic weather/war.
Coming up on a full year.
Weekly update from DOE.

Still being drained in an attempt to artificially fix a shortage of oil.

Last 6 weeks:

•Week 48....1.4mb draw
•Week 49.... 2.07mb draw
•Week 50.... 4.7 mb draw
•Week 51.... 3.6 mb draw
•Week 52.... 3.5 mb draw
•Week 1 ...2023....2.7mb draw.

Total draw about 228 million barrles. This will end and it will need to be returned. US is only capable of producing 13 million barrels a day, and it's all used every single day with zero "spare" to pay back. The US would need to come up with a million barrles per day of extra capacity to pay it back in nearly a year. Which it doesn't have.

Hence, inflation has not been addressed with supply. It's been addressed with an I.O.U.

 

[Tilzbow]

Not seeing it much out here on the left coast!

Still $4.30 per gallon for premium and $4.85 for diesel in Reno, NV. I just spent a month in AZ and the price for premium gas south of the Tucson area was $.50 to $.80 less (around $3.40) than in parts of NW AZ while diesel was still mid to high $4’s. Cross the border into NV and the price jumps, but at least we don’t have state income tax in NV; they extract it from you somehow……

CA prices suck, too…

My wife paid $7 for a dozen eggs at a Winco (discount grocery chain) in Las Vegas earlier this week.

 

[KompressorV12]

Not quite.

The only thing keeping fuel prices down is the alarmingly large drawdown on the Strategic Oil Reserve. This reserve was set up to deal with acute fuel shortages due to war, embargoes and/or catastrophic weather damage, but has instead been drawn down to meet demand and keep voters happy.

It’s a runaway train that’s almost at the end of the track, and it will crash. The US is only producing about 13 million barrels/day and consumes all of it, so there is no way to replenish the reserve without importing fuel as long as the current administration is set on killing the oil industry. So, once the reserve is tapped out, expect shortages and price spikes.

Details:

US Strategic Oil Reserve....to be used in times or catastrophic weather/war.
Coming up on a full year.
Weekly update from DOE.

Still being drained in an attempt to artificially fix a shortage of oil.

Last 6 weeks:

•Week 48....1.4mb draw
•Week 49.... 2.07mb draw
•Week 50.... 4.7 mb draw
•Week 51.... 3.6 mb draw
•Week 52.... 3.5 mb draw
•Week 1 ...2023....2.7mb draw.

Total draw about 228 million barrles. This will end and it will need to be returned. US is only capable of producing 13 million barrels a day, and it's all used every single day with zero "spare" to pay back. The US would need to come up with a million barrles per day of extra capacity to pay it back in nearly a year. Which it doesn't have.

Hence, inflation has not been addressed with supply. It's been addressed with an I.O.U.

the US averages consumption of 20 million barrels a day. I appreciate your math, but drawing 42,000 barrels a day or 0.21% of total consumption (from your peak number) from the SPR isn’t gonna make a dent my man and you can’t convince me otherwise. Even when the SPR was tapped 9 months ago experts estimated a drop of 5 cents, yet here we are $2 lower than the summer. The only thing that’s changed is a recession and lower oil consumption. No need to overcomplicate.

 

[BrentC]

the US averages consumption of 20 million barrels a day. I appreciate your math, but drawing 42,000 barrels a day or 0.21% of total consumption (from your peak number) from the SPR isn’t gonna make a dent my man and you can’t convince me otherwise. Even when the SPR was tapped 9 months ago experts estimated a drop of 5 cents, yet here we are $2 lower than the summer. The only thing that’s changed is a recession and lower oil consumption. No need to overcomplicate.

I see the data otherwise, but no matter. Time will tell. I hope I’m wrong!

 

[KompressorV12]

I see the data otherwise, but no matter. Time will tell. I hope I’m wrong!

Let’s put this in bronco speak. Ford has just announced that they’ve acquired between 0.15% and 0.21% additional constrained parts from an alternative supplier. Would you expect any material change to your build date? Lol

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