Gas prices going nuts

[Incognito]

Gas has been going down here, last fillup it was $3.38 a gallon. Of course it's going down, election year.

Doesn't always work but if Biden has any chance to win they've got to get energy prices down. If oil and gas go down SOON you're going to have a half a chance to slow general price inflation down. If it's going to make a difference it would have to be 0-1% CPI for a few months before November. I kind of assume everyone understand this is going to be a huge factor.

 

[Floorist]

Gas was $2.89 yesterday, $3.19 today.

 

[Floorist]

Doesn't always work but if Biden has any chance to win they've got to get energy prices down. If oil and gas go down SOON you're going to have a half a chance to slow general price inflation down. If it's going to make a difference it would have to be 0-1% CPI for a few months before November. I kind of assume everyone understand this is going to be a huge factor.

Biden is dumping the gas reserves for votes.

 

[highup]

Biden is dumping the gas reserves for votes.

Trump is clairvoyant.

 

[Incognito]

Biden is dumping the gas reserves for votes.

I had to check that because they just bought 3 million barrells just under $80 for the purpose of rebuilding inventory. That order was cancelled and in fact they are releasing a million.

 

[highup]

No money left to give away, so depleting inventory is the next best thing?

 

[kwfloors]

Going up again, $3.49 today

 

[havasu]

Oh, cry me a song!

 

[Floorist]

$2.89 t0 $3.15 here.

 

[C.J.]

$4.39 for super the other day. Damn, anymore that’s a decent price until I move again.

 

[highup]

$4.22 before the weekend. Nice trend. Wondering if the debate had some positive vibes.

 

[Floorist]

$2.94 here

 

[havasu]

$4.25 at Vons gas station

 

[highup]

4.14 at the VP station yesterday. I like the trend, and I'd love to see $3.50 some day. Maybe November 6th ?

 

[C.J.]

I could be wrong but I don’t think gas will ever come down aside from the usual fluctuations. It’s never gone down that I’ve seen in my lifetime, only up, so why would it go down now? It won’t. It might fluctuate for seasonal changes and holiday demand but it’s never coming back down to what it used to be. If you were a corporation selling X at such n such price and people are lining up and willingly paying for your product so they can fill their gas guzzling grocery getters, why the hell would you ever lower your price? That would be like hoping I will drop my labor rates if Trump gets elected. ********! Rates only go up.

 

[highup]

I could be wrong but I don’t think gas will ever come down aside from the usual fluctuations. It’s never gone down that I’ve seen in my lifetime, only up, so why would it go down now? It won’t. It might fluctuate for seasonal changes and holiday demand but it’s never coming back down to what it used to be. If you were a corporation selling X at such n such price and people are lining up and willingly paying for your product so they can fill their gas guzzling grocery getters, why the hell would you ever lower your price? That would be like hoping I will drop my labor rates if Trump gets elected. ********! Rates only go up.

Too much supply has always lowered gas prices. Investors control the price. Too much worldwide supply and the price goes down.
We have more oil reserves than Saudi Arabia. If we went whole hog, prices would drop a lot.
That won't happen under the current administration.

 

[highup]

Working the past two days 50 miles noth along the coast, I got gas there instead of filling up locally when I got home.
$3.57 up there, $3.89 here.
I had 170 miles on a full tank. I'll tell you what. I wouldn't walk 50 miles for $10

 

[Floorist]

$2.99 to $3.19 here.

 

[highup]

Has it been going down this past month or more?

 

[Floorist]

$2.87-$2.95