Good news

[fishslayer]

Yep..just filled up , 54 gals at....2.99 /gal. !!!!! Happy days are here again.
Thats down almost a dollar from the high

 

[d23haynes57]

Still waiting on the Diesel to drop!

 

[Boat Bum]

where was this?

 

[fishslayer]

South Louisiana at local station. Wallyworld is 3.05. Chevron is 3.15

 

[fishslayer]

Still waiting on the Diesel to drop!

4.29 here, some 4.49

 

[rjshiflet49]

Diesel is $3.71 here in Weatherford, TX with Greenlane and with GasBuddy "Flash Deal" it's $3.66 at Murphy USA. Regular is $2.99 at Costco and $2.93 with WalMart+. Getting better daily it seems.

 

[fishslayer]

It would appear, the fake shortage is over..

 

[TR25]

It would appear, the fake shortage is over..

sometimes, with commodities, the futures markets dictate pricing. How can an event in bfe half way around the world change the price of something that's already in then ground at your gas station?
That's how.

What was mildly amusing to me is fuel would increase and the reasoning being "it's now spring and soon it'll be the driving/vacationing season".
Then come end of summer, fuel would go up as, well, "soon it'll be cold and people will need to heat their homes".
Then spring increase happens again....

There should be no reason why the usa shouldn't be a world leader in oil and gas production. Well, there actually are a few reasons and it has nothing to do with we don't/can't do it. We aren't allowed to.....

 

[fishslayer]

What gets me is when oil goes up today, stations raise gas prices today..that gas was refined from oil sold months ago. So its obvious profiteering. Then oil goes back down but stations take weeks or months to lower gas priced.

 

[Underboss]

Prices go up due to instability and the war in iran is making the world oil market unstable. The endless falsehoods do not help with stability

 

[Holdmybeer]

What gets me is when oil goes up today, stations raise gas prices today..that gas was refined from oil sold months ago. So its obvious profiteering. Then oil goes back down but stations take weeks or months to lower gas priced.

I'm no fan of big oil but it's their gas, if they want to sell it for $20.00 a gallon they can. My house here in the DFW appraises for 3x what I paid for it 12 years ago. Should I sell it for what I paid for it in 2014 or can I sell it for what it's worth today? I don't want the gov't fixing the price of oil or the price of my house.
Gas and diesel prices will go down when the market says so.

 

[Holdmybeer]

sometimes, with commodities, the futures markets dictate pricing. How can an event in bfe half way around the world change the price of something that's already in then ground at your gas station?
That's how.

What was mildly amusing to me is fuel would increase and the reasoning being "it's now spring and soon it'll be the driving/vacationing season".
Then come end of summer, fuel would go up as, well, "soon it'll be cold and people will need to heat their homes".
Then spring increase happens again....

There should be no reason why the usa shouldn't be a world leader in oil and gas production. Well, there actually are a few reasons and it has nothing to do with we don't/can't do it. We aren't allowed to.....

We are the world leader in oil and gas production and sit on the third largest reserves on the planet. Otherwise, oil companies are under no obligation to justify their prices. They can set the price where ever they choose and you can choose where to buy.

 

[Neal]

Just a reminder to stay clear of politics or political tones. Not there yet, but some are getting really close. Let's cheer on the diesel prices some are seeing in this thread and keep the thread on topic please.

 

[fishslayer]

I'm no fan of big oil but it's their gas, if they want to sell it for $20.00 a gallon they can. My house here in the DFW appraises for 3x what I paid for it 12 years ago. Should I sell it for what I paid for it in 2014 or can I sell it for what it's worth today? I don't want the gov't fixing the price of oil or the price of my house.
Gas and diesel prices will go down when the market says so.

They didnt buy this oil 12 yrs ago..they bought couple months ago..Unjustified massive price hikes are called gouging..As to war , we dont get oil from Iran or anywhere that comes thru the strait. We export oil in mass quanity because we have loads of it..and it doesnt have to be shipped on tankers to us..Theres always been inflation.Sure you house is worth more after 20 yrs but your income has also increased greatly. My first job paid 1.90 /hr....DC city council is trying to make minimum wage 50 bucks an hour! All things are relevant..soon they will be overstocked because we are driving less and prices will drop

 

[Neal]