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Thursday, February 09, 2023

Why gas prices haven’t dropped yet

2022 was a rough year for drivers at the pump, especially after gas prices hit a record $5 per gallon in June. With the national average gas price rising once again, many drivers may be wondering when they can expect some relief at the pump.

The national average gas price recently rose for the fifth straight week, bringing it to $3.49 per gallon, according to AAA. That is 9.7 cents higher than a week ago, and Patrick De Haan, head of petroleum analysis at GasBuddy, suspects that price is unlikely to fall due to some major hurdles.

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“U.S. refining capacity is still not what it was prior to the pandemic,” De Haan said.

I think what he meant to say was “U.S. refining capacity is still not what it was prior to Biden taking office and shutting down domestic production"

8 comments:

  1. I simply love to read authors who try to convince me that it's really all my fault

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  2. Dropping here in the last couple of weeks in the Athens, Georgia area. I have no idea why. Below $3.00 yesterday. Well, anyway at Quiktrip, Kroger, Walmart and Sam's. Racetrac still in the $3.19 area.

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  3. $2.98 in upstate of SC at a couple of places I've seen. Probably lower towards Anderson SC. A couple of months ago it was down to $2.50.

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  4. Went from $3.599 to $3.759 overnight last week in Payette, Idaho. Fuck if I know why.
    And fuck joe biden!

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  5. Hasn’t been below $3.00 a gallon here in St. Petersburg, Fl since January of 2021. Currently at $3.29, which is 30 cents lower than last week.

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  6. Yesterday I saw prices rise ten to twenty cents between mid-morning to late afternoon.
    Last week, most stations raised prices twice. The culmative increase was twenty cents at the lowest station to forty-nine cents at the highest.
    The week before that was ten cents at all stations.

    That means that over the last three weeks, prices have increased at least forty cents.

    I know some of those stations don't get a new delivery every week. That means they're sitting on an old delivery but raised the prices anyway.
    (Which makes the 'the new delivery cost more' a BS excuse. )

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  7. The price of oil and gas is just another commodity to be manipulated so political insiders can get richer and gain more power. Politics and the economy are inextricably connected. And nothing in politics happens accidentally.

    ReplyDelete

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