Gas is now under $3

140,995 Views | 1713 Replies | Last: 7 hrs ago by T dizl televizl
PaulsBunions
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8:27a, 7/29/26
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RangerRick9211
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In reply to flown-the-coop • 9:08p, 7/29/26
flown-the-coop said:
RangerRick9211 said:
flown-the-coop said:
The scale of the program by Wright is unique particularly in not using permanent sales as Biden did which left the reserves further depleted.

Not sure what your ongoing issue is. Wright, who works for Trump, deployed a tool that is indeed often used by the DoE, but that was not used by the prior administration in their response to the Ukraine conflict.

Pointing that out is somehow… wrong? Again, weird takes bro.


Quote:
Scale: The 2026 program is far larger (targeting ~172 million barrels via multiple exchange solicitations) than typical prior exchanges or Biden's 32-million-barrel competitive exchange.


Your twisting yourself. You compared Biden swap to the current swap. Those are your/your AI's words and what I was responding too. They are the exact same programs and not unique.

Quote:
[...] unique particularly in not using permanent sales as Biden did which left the reserves further depleted.

I guess I'll post the SPR chart again for you,


Further further depleted and still going. So.

Quote:
Pointing that out is somehow… wrong? Again, weird takes bro.

Lol, facts are so "weird". Have a great rest of your day.

Quote:
And its been posted before, by me, that Trump required any draw on the SPR be "repaid" by the take with 1.2 of what is taken. This replaces the reserve plus 20% at zero cost to the taxpayer.

As typical, Trump works for the US taxpayer.

For everyone else, this is where we started. The current DoE swap auctions are not unique, premiums are in-line with historic terms (thanks to FTC's AI summary!), barrel replacement + premium will happen sometime next year, SPR is the 2nd lowest it's ever been and SPR will continue to decline for the foreseeable future; or the admin will face higher $/barrel or need resolve the Straight issue. Those are just the facts.

Oh yeah, and national pump price is $4.10 today and Iran has still not capitulated. Everyone have a great day!

Sorry, facts are not weird, just your take and poor understanding thereof.

Fact: In March 2022, Biden authorized the release of 180 million barrels over roughly six months (about 1 million barrels per day). These were competitive public sales of oil to the highest bidders. Proceeds went to the Treasury. The average sale price was around $95 per barrel. This was the biggest emergency drawdown in SPR history.

It is you comparing that Biden 32-million-barrel swaps and IGNORING the 180 million fire sale with no means, plans, promises or actions to replenish.

That's why your cute little chart appears the way it does. Glad to have cleared this up for you and the 6 others who starred your misinformation.



Is this the official SPR thread now?

Because we're going down down down again. Your LLM isn't keeping up. Have it pull the latest EIA report and prep a response for you to copy/paste.

Biden was a stooge I didn't think could be out done. How we doing on $3 gas at the pump, SPR and Iran capitulation? Yeah, you're gonna get bagged for carrying the water of an extremely leaky bucket that has no water left. But keep going, fam. I respect the game.

But please, leave the AI where it belongs. Formulate your own responses.
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RangerRick9211
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In reply to RangerRick9211 • 9:25p, 7/29/26
If it didn't come through, sorry, the "I did that" AI, the current level is lower than was and much lower today after the EIA report.

Just to clarify, AI is still simple and can't compare simple chart bottoms without some guidance. But here's my AI's attempt of who did what:
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PaulsBunions
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10:10p, 7/29/26
Turns out when you spend like a Democrat they start to agree with you

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flown-the-coop
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In reply to RangerRick9211 • 10:56p, 7/29/26
You are way too obsessed.

It stands that Biden SOLD predominantly from the SPR, and Trump did the usual swaps. In fact, the chart you posted, revised, shows it. When you swap, it comes back up.

Biden sold mostly, did some swapping, which is reflected in the small uptick.

Why fight that simple distinction so much? You chart shows what i ha e been telling you.

If you think i just go to AI and ask dumb questions and post the results, then maybe you should note I have been posting long before AI existed.

We should indeed move on. And the rest of you ad hom rant is noted. Who says "yea, you're gonna get 'bagged' on" then validates my posting?
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BigRobSA
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10:57p, 7/29/26
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RangerRick9211
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In reply to flown-the-coop • 12:10a, 7/30/26
Game over.

Thanks for playing!
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sts7049
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4:09a, 7/30/26
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Eliminatus
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8:28a, 7/30/26
Filled up low grade at 3.89. Central TX.

This is what winning looks like I have been assured.
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docb
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In reply to Eliminatus • 8:37a, 7/30/26
Eliminatus said:
Filled up low grade at 3.89. Central TX.

This is what winning looks like I have been assured.

If it is any consolation you are beating me. I am having to pay 5 plus a gallon to fill my truck.
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nortex97
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In reply to docb • 8:41a, 7/30/26
docb said:
Eliminatus said:
Filled up low grade at 3.89. Central TX.

This is what winning looks like I have been assured.

If it is any consolation you are beating me. I am having to pay 5 plus a gallon to fill my truck.

Diesel is over $7.70/gallon in Kiev right now, speaking of winning. In the UK, it's almost $8.50.
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docb
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In reply to nortex97 • 8:43a, 7/30/26
Is that supposed to make me feel good?
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sts7049
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In reply to nortex97 • 9:04a, 7/30/26
where i am, the average prices for gas in the UK have gone up only 20p a liter or so since the war started. but even at their highest in the last 6 months it was similar to what we were paying in 2023.
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Logos Stick
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9:06a, 7/30/26
Mean gas price in Texas down a penny today! With summer coming to close, we've peaked imo.
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AgBQ-00
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9:08a, 7/30/26
3.39 this morning close to me
God loves you so much He'll meet you where you are. He also loves you too much to allow to stay where you are.

We sing Hallelujah! The Lamb has overcome!
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nortex97
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In reply to sts7049 • 9:11a, 7/30/26
My point is we really haven't struck any of the dilapidated Iranian oil/gas infrastructure. But the 'winning' in other places where some have championed/cheered similar strikes on the global commodity's refining/transport infrastructure have very different consumer costs, especially places like the UK that are strategic adversaries.

I find that a bit amusing/ironic.
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No Spin Ag
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In reply to AgBQ-00 • 3:18p, 7/30/26
AgBQ-00 said:
3.39 this morning close to me


Up another dime to $3.89 at every gas station i passed on the way to work.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
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ErnestEndeavor
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4:41a, 7/31/26
https://www.cnbc.com/2026/07/31/oil-prices-today-brent-wti-hormuz-trump-iran-.html

The Commonwealth Bank of Australia says that despite renewed strikes oil flows out of Hormuz have recovered to 30 to 35% of pre-war levels. They predict the strait needs just to reach about 50 to 60% of pre-war levels for the market to actually be in an oversupply environment. Oil prices fell on the report.
Everything I post is my ignorant opinion expressed in the emotions of the moment. I don't know jack about anything other than the things I do know about and sometimes even I don't know the difference.
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sts7049
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5:00a, 7/31/26
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nortex97
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5:10a, 7/31/26
Quote:
Oil prices extended declines Friday as signs of a recovery in crude flows through the Strait of Hormuz eased supply concerns, after a resumption of hostilities between U.S. and Iran had sent them higher.
West Texas Intermediate futures for September delivery dropped 1.6% to $82.27. Brent crude futures, the international benchmark, fell by 1.4%% to $87.78 a barrel.

Commonwealth Bank of Australia said in a note on Friday that stronger oil flows through the Strait of Hormuz had eased market concerns after U.S.-Iran strikes earlier this week briefly pushed Brent above $93 a barrel.

The bank estimates traffic through the vital waterway has recovered to roughly 30%-35% of pre-war levels, adding that a rebound to around 50%-60% of normal flows could be enough to reassert oversupply conditions in the global oil market.

CNBC source. Not what DSA Democrats want to hear heading into the weekend/August.
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Logos Stick
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In reply to Logos Stick • 12:40p, 7/31/26
Logos Stick said:
Mean gas price in Texas down a penny today! With summer coming to close, we've peaked imo.


dropped another penny today....



a reminder for all the libs and "concerned moderates" in here:

Highest record mean price in Texas:

$4.69 on 6/15/22
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Colonel Kurtz
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In reply to Logos Stick • 12:57p, 7/31/26
This is what winning looks like!
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Rossticus
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In reply to nortex97 • 1:25p, 7/31/26
nortex97 said:
docb said:
Eliminatus said:
Filled up low grade at 3.89. Central TX.

This is what winning looks like I have been assured.

If it is any consolation you are beating me. I am having to pay 5 plus a gallon to fill my truck.

Diesel is over $7.70/gallon in Kiev right now, speaking of winning. In the UK, it's almost $8.50.


That's definitely apples to apples, right there.
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Charpie
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In reply to Logos Stick • 1:44p, 7/31/26
Logos Stick said:
Logos Stick said:
Mean gas price in Texas down a penny today! With summer coming to close, we've peaked imo.


dropped another penny today....



a reminder for all the libs and "concerned moderates" in here:

Highest record mean price in Texas:

$4.69 on 6/15/22

No one is disputing that. The concerned moderate who started this thread was bragging about how gas prices were down. Call him out
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Queso1
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1:48p, 7/31/26
As far as I know, the SOH is still effectively closed and tankers are not going through. I understand that roughly 25% of the world oil production used to go through SOH.

How can oil prices be in the 80s? I'm just a rube, but it doesn't make sense.
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nortex97
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In reply to Queso1 • 2:41p, 7/31/26
Queso1 said:
As far as I know, the SOH is still effectively closed and tankers are not going through. I understand that roughly 25% of the world oil production used to go through SOH.

How can oil prices be in the 80s? I'm just a rube, but it doesn't make sense.

Well that's just not accurate, respectfully. The SoH traffic is back to around 40-45 percent of what it was pre-war. The claims and denunciations of 'gas prices are too high!' Are hysterical precisely because it's the same set of folks in general who support a war to strike oil/gas transit/production systems otherwise, but want to celebrate the escalations as bad for "Trump/GOP" otherwise.

And it's disingenuous, as the leftists across the globe push for high gas prices continuously, not just Obama but Carney, Merz, Macron etc.

Gas prices are used by the left as a convenient talking point when they can, is my point. Fake 'conservatives' lamenting 'my price to fill up my truck this month was really high' are just that.
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txwxman
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2:56p, 7/31/26
Gas prices won't impact the midterms. The LOLPoors complaining are locked in democrat voters.
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Logos Stick
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In reply to Charpie • 3:08p, 7/31/26
Charpie said:
Logos Stick said:
Logos Stick said:
Mean gas price in Texas down a penny today! With summer coming to close, we've peaked imo.


dropped another penny today....



a reminder for all the libs and "concerned moderates" in here:

Highest record mean price in Texas:

$4.69 on 6/15/22

No one is disputing that. The concerned moderate who started this thread was bragging about how gas prices were down. Call him out



They were down at the time he posted. And they will eventually go down again.
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David_Puddy
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3:12p, 7/31/26
One take I saw online that I didn't think about is linked below. Haven't done enough research to say I agree or disagree with it but interesting nonetheless and I hope this guys is right.

https://www.instagram.com/reel/DbYR2B3xzeQ/?igsh=MTVhZzFqeTh3NGhmcw==
https://i.imgur.com/iX1gPs5.gif
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FWTXAg
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In reply to Queso1 • 3:20p, 7/31/26
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GAC06
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In reply to Queso1 • 3:40p, 7/31/26
Queso1 said:
As far as I know, the SOH is still effectively closed and tankers are not going through. I understand that roughly 25% of the world oil production used to go through SOH.

How can oil prices be in the 80s? I'm just a rube, but it doesn't make sense.


Using our strategic reserve is part of the equation, and can't be sustained indefinitely

https://www.investors.com/news/energy-news-today-eia-record-crude-export-record-may-production/
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EMY92
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In reply to txwxman • 3:52p, 7/31/26
txwxman said:
Gas prices won't impact the midterms. The LOLPoors complaining are locked in democrat voters.

That's just fantasy. This will drive away many of the people that are not straight party voters.
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Old McDonald
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In reply to nortex97 • 4:10p, 7/31/26
nortex97 said:

Well that's just not accurate, respectfully. The SoH traffic is back to around 40-45 percent of what it was pre-war. The claims and denunciations of 'gas prices are too high!' Are hysterical precisely because it's the same set of folks in general who support a war to strike oil/gas transit/production systems otherwise, but want to celebrate the escalations as bad for "Trump/GOP" otherwise.
if you live in america, which i presume is the case for the overwhelming majority of people who post here, the impact of the iran war on pump prices dwarfs the impact of ukraine's strikes against russia energy infrastructure.
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Counterpoint
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5:54p, 7/31/26
Saw these at the College Station HEB. What does Elon have to do with any of this?
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AgBQ-00
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In reply to Counterpoint • 5:57p, 7/31/26
leftists are morons who still cant meme with any originality
God loves you so much He'll meet you where you are. He also loves you too much to allow to stay where you are.

We sing Hallelujah! The Lamb has overcome!
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