maybe if trump wins he can lock us down again so prices fall to that level once more2004FIGHTINTXAG said:
Remember when it was sub $2 at the end of 2020.
No Spin Ag said:
I've seen gas as low as $2.74 a gallon, which is a twenty-five-cent drop over the past few weeks. Many on here said the SPR release was only going to account for a few cents drop and not something like this.
Do any of you in O&G know why this drop when we're all used to prices jumping in the beginning of summer?
I do. I also remember that nearly all of the country was basically closed for business then, so there was a significant drop in the need for people to buy gas.2004FIGHTINTXAG said:
Remember when it was sub $2 at the end of 2020.
That makes sense. Thanks for the info.Kansas Kid said:No Spin Ag said:
I've seen gas as low as $2.74 a gallon, which is a twenty-five-cent drop over the past few weeks. Many on here said the SPR release was only going to account for a few cents drop and not something like this.
Do any of you in O&G know why this drop when we're all used to prices jumping in the beginning of summer?
Oil dropped about $.20/gal as concerns about Middle East escalation have gone down and global inventories are up. Concerns about the Chinese and American economies aren't helping.
No Spin Ag said:I do. I also remember that nearly all of the country was basically closed for business then, so there was a significant drop in the need for people to buy gas.2004FIGHTINTXAG said:
Remember when it was sub $2 at the end of 2020.
2004FIGHTINTXAG said:
Remember when it was sub $2 at the end of 2020.
Old McDonald said:maybe if trump wins he can lock us down again so prices fall to that level once more2004FIGHTINTXAG said:
Remember when it was sub $2 at the end of 2020.
Old McDonald said:maybe if trump wins he can lock us down again so prices fall to that level once more2004FIGHTINTXAG said:
Remember when it was sub $2 at the end of 2020.
backintexas2013 said:
Who was locked down at the end of 2020 other than covid Nazis
He thinks he's being sarcastic but he's actually correct. Biden released 1 million barrels of refined gasoline to the market for the period between Memorial Day and July.Old McDonald said:
deep state pulling strings to make biden look good, don't fall for it
what does this even mean? we've been a net oil exporter every year since 2020. domestic production has recovered from the pandemic slump to all time highs.techno-ag said:
Elect Trump for energy independence. Right now we're subject to too many global influences.
are you suggesting gas prices were not still depressed by pandemic related global demand collapse in late 2020?backintexas2013 said:
Who was locked down at the end of 2020 other than covid Nazis
2004FIGHTINTXAG said:
Remember when it was sub $2 at the end of 2020.
Trump had a pro oil policy. You can't just hand wave that away. Biden shut the pipelines down FIRST DAY in office.Old McDonald said:are you suggesting gas prices were not still depressed by pandemic related global demand collapse in late 2020?backintexas2013 said:
Who was locked down at the end of 2020 other than covid Nazis
Kansas Kid said:No Spin Ag said:
I've seen gas as low as $2.74 a gallon, which is a twenty-five-cent drop over the past few weeks. Many on here said the SPR release was only going to account for a few cents drop and not something like this.
Do any of you in O&G know why this drop when we're all used to prices jumping in the beginning of summer?
Oil dropped about $.20/gal as concerns about Middle East escalation have gone down and global inventories are up. Concerns about the Chinese and American economies aren't helping.
if the $2 gas prices in 2020 were because of trump's pro oil policy and not covid demand collapse, why weren't they $2 before the pandemic?techno-ag said:Trump had a pro oil policy. You can't just hand wave that away. Biden shut the pipelines down FIRST DAY in office.Old McDonald said:are you suggesting gas prices were not still depressed by pandemic related global demand collapse in late 2020?backintexas2013 said:
Who was locked down at the end of 2020 other than covid Nazis
Try harder.
rocky the dog said:
Bonfire.1996 said:He thinks he's being sarcastic but he's actually correct. Biden released 1 million barrels of refined gasoline to the market for the period between Memorial Day and July.Old McDonald said:
deep state pulling strings to make biden look good, don't fall for it
Thats 55 million gallons.
Also, planned maintenance is over at refiners so they can operate at full-ish capacity.
Finally, the price of oil is down a bit due to a global slowdown in consumer activity.
You don't seem to understand fluctuating markets very well. And oil started going down when Trump took office. Yes demand softened during Covid but the pro oil policies were in place earlier. Anti oil policies have been in place since President Oopsie got in office, and it shows. Gas is lower temporarily because he keeps squandering our strategic reserves.Old McDonald said:if the $2 gas prices in 2020 were because of trump's pro oil policy and not covid demand collapse, why weren't they $2 before the pandemic?techno-ag said:Trump had a pro oil policy. You can't just hand wave that away. Biden shut the pipelines down FIRST DAY in office.Old McDonald said:are you suggesting gas prices were not still depressed by pandemic related global demand collapse in late 2020?backintexas2013 said:
Who was locked down at the end of 2020 other than covid Nazis
Try harder.
