doubt it, because they aren't stupid enough to believe he is the one who lowered them

sts7049 said:

---

doubt it, because they aren't stupid enough to believe he is the one who lowered them

---

Well we have a lot of folks who sure blamed him for raising them. Weird logic.

sts7049 said:

---

doubt it, because they aren't stupid enough to believe he is the one who lowered them

---

nortex97 said:

---

sts7049 said:

---

doubt it, because they aren't stupid enough to believe he is the one who lowered them

---

Well we have a lot of folks who sure blamed him for raising them. Weird logic.

---

If I recall correctly most everyone thought that fuel prices were high under Biden for most of his term and Trump said he was going to lower fuel prices. We have a long way to go before getting to that point. And don't bother with one of your weird website graphs that makes no sense at all. Diesel is down to $4.86 a gallon at my gas station which while better is still a far cry from where it needs to be. Gas $3.59.

docb said:

---

nortex97 said:

---

sts7049 said:

---

doubt it, because they aren't stupid enough to believe he is the one who lowered them

---

Well we have a lot of folks who sure blamed him for raising them. Weird logic.

---

If I recall correctly most everyone thought that fuel prices were high under Biden for most of his term and Trump said he was going to lower fuel prices. We have a long way to go before getting to that point. And don't bother with one of your weird website graphs that makes no sense at all. Diesel is down to $4.86 a gallon at my gas station which while better is still a far cry from where it needs to be. Gas $3.59.

---

Lowest price around me per gas buddy is $3.14 per 'gas buddy' (this is a website or app). I'll happily try to explain anything that was too complex, such as WTI, CL=F, Gas futures etc. WTI is off another 57 cents this am.

https://oilprice.com/oil-price-charts/45

Anyone frustrated to be paying $3.59/gallon, or unable to do so might wait a day and/or shop around. Sorry for confusing you. Pricing is continuing in the right direction, ultimately, that's the big picture.

The big picture should be to lower fuel prices as that is the only way to eventually get other prices down. We have a long way to go unfortunately.

docb said:

---

The big picture should be to lower fuel prices as that is the only way to eventually get other prices down. We have a long way to go unfortunately.

---

It is not the price of oil, it is what we are willing to pay and in the end what we want to drive.

doubledog said:

---

docb said:

---

The big picture should be to lower fuel prices as that is the only way to eventually get other prices down. We have a long way to go unfortunately.

---

It is not the price of oil, it is what we are willing to pay and in the end what we want to drive.

---

Do you think those groceries are going to be delivered to HEB in Honda Odysseys?

https://rbnenergy.com/daily-posts/blog/factors-keeping-refined-product-prices-high-even-crude-prices-fall

docb said:

---

nortex97 said:

---

sts7049 said:

---

doubt it, because they aren't stupid enough to believe he is the one who lowered them

---

Well we have a lot of folks who sure blamed him for raising them. Weird logic.

---

If I recall correctly most everyone thought that fuel prices were high under Biden for most of his term and Trump said he was going to lower fuel prices. We have a long way to go before getting to that point. And don't bother with one of your weird website graphs that makes no sense at all. Diesel is down to $4.86 a gallon at my gas station which while better is still a far cry from where it needs to be. Gas $3.59.

---

If you primarily use diesel, take a look at mudflap or the open roads fleet fuel cards. They're both free.

I just checked on OpenRoads, and diesel is $4.43 in town right now. The most expensive diesel I saw in a 250 mile radius was $4.55/gal. Mudflap's average in my area is $4.58/gal. Walmart also offers a $.10 per gallon discount when you sign up for Walmart+ which also comes with same day delivery from the local store.


Not massive savings, but it helps,

nortex97 said:

---

docb said:

---

nortex97 said:

---

sts7049 said:

---

doubt it, because they aren't stupid enough to believe he is the one who lowered them

---

Well we have a lot of folks who sure blamed him for raising them. Weird logic.

---

If I recall correctly most everyone thought that fuel prices were high under Biden for most of his term and Trump said he was going to lower fuel prices. We have a long way to go before getting to that point. And don't bother with one of your weird website graphs that makes no sense at all. Diesel is down to $4.86 a gallon at my gas station which while better is still a far cry from where it needs to be. Gas $3.59.

---

Lowest price around me per gas buddy is $3.14 per 'gas buddy' (this is a website or app). I'll happily try to explain anything that was too complex, such as WTI, CL=F, Gas futures etc. WTI is off another 57 cents this am.

https://oilprice.com/oil-price-charts/45

Anyone frustrated to be paying $3.59/gallon, or unable to do so might wait a day and/or shop around. Sorry for confusing you. Pricing is continuing in the right direction, ultimately, that's the big picture.

---

It would be great if the price at the pump started going down at a consistent clip to where it matches the price of oil like it does when things are normal.

And if they continue to go down in spite of the SOH being a cluster, it would be all the better at showing America really is energy independent and doesn't have to worry about what happens in the "it rained over a refinery in Alahbazikstan so jump prices up by a bazillion!"

No Spin Ag said:

---

nortex97 said:

---

docb said:

---

nortex97 said:

---

sts7049 said:

---

doubt it, because they aren't stupid enough to believe he is the one who lowered them

---

Well we have a lot of folks who sure blamed him for raising them. Weird logic.

---

If I recall correctly most everyone thought that fuel prices were high under Biden for most of his term and Trump said he was going to lower fuel prices. We have a long way to go before getting to that point. And don't bother with one of your weird website graphs that makes no sense at all. Diesel is down to $4.86 a gallon at my gas station which while better is still a far cry from where it needs to be. Gas $3.59.

---

Lowest price around me per gas buddy is $3.14 per 'gas buddy' (this is a website or app). I'll happily try to explain anything that was too complex, such as WTI, CL=F, Gas futures etc. WTI is off another 57 cents this am.

https://oilprice.com/oil-price-charts/45

Anyone frustrated to be paying $3.59/gallon, or unable to do so might wait a day and/or shop around. Sorry for confusing you. Pricing is continuing in the right direction, ultimately, that's the big picture.

---

It would be great if the price at the pump started going down at a consistent clip to where it matches the price of oil like it does when things are normal.

And if they continue to go down in spite of the SOH being a cluster, it would be all the better at showing America really is energy independent and doesn't have to worry about what happens in the "it rained over a refinery in Alahbazikstan so jump prices up by a bazillion!"

---

Isn't the biggest issue most of the US refineries aren't configured to produce gasoline from the light crude produced drilled in the US? Seems odd we haven't reconfigured refineries over the last 20 years to be able to process the domestic crude into gasoline since the shale boom.

I am not the expert on this but re-configuring refineries sounds simple yet is very complex and expensive, plus there has been an effort to offload refineries to smaller operations/outfits over the past 30 years as it's not as profitable as it once was to the big oil companies. I think we have one that can process the sour Venezuelan stuff, but also do all of the refining on the continent for the Canadians as well (they ship some crude too).

With companies shutting down big refineries in california where they are forced to play in a carbon credit market that is entirely unprofitable/unpredictable, investments have just not been made in general in better/more refineries for many decades, net. It's pretty darn capital intensive.

nortex97 said:

---

I am not the expert on this but re-configuring refineries sounds simple yet is very complex and expensive, plus there has been an effort to offload refineries to smaller operations/outfits over the past 30 years as it's not as profitable as it once was to the big oil companies. I think we have one that can process the sour Venezuelan stuff, but also do all of the refining on the continent for the Canadians as well (they ship some crude too).

With companies shutting down big refineries in california where they are forced to play in a carbon credit market that is entirely unprofitable/unpredictable, investments have just not been made in general in better/more refineries for many decades, net. It's pretty darn capital intensive.

---

Is there any way we (Texas) could incentivize oil companies to build more refineries in Texas? We've got plenty of space for them.

Do refineries produce lots of local jobs? Maybe that could be a selling point?

Just throwing ideas out there for the folks that are in the industry.

From what I understand it's easier to expand an existing refinery than go through the years long process of approving and building a new one.

Equinox said:

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$2.99 at Valero in Baytown.

---

Hey look! The OP was right again.

txyaloo said:

---

No Spin Ag said:

---

nortex97 said:

---

docb said:

---

nortex97 said:

---

sts7049 said:

---

doubt it, because they aren't stupid enough to believe he is the one who lowered them

---

Well we have a lot of folks who sure blamed him for raising them. Weird logic.

---

If I recall correctly most everyone thought that fuel prices were high under Biden for most of his term and Trump said he was going to lower fuel prices. We have a long way to go before getting to that point. And don't bother with one of your weird website graphs that makes no sense at all. Diesel is down to $4.86 a gallon at my gas station which while better is still a far cry from where it needs to be. Gas $3.59.

---

Lowest price around me per gas buddy is $3.14 per 'gas buddy' (this is a website or app). I'll happily try to explain anything that was too complex, such as WTI, CL=F, Gas futures etc. WTI is off another 57 cents this am.

https://oilprice.com/oil-price-charts/45

Anyone frustrated to be paying $3.59/gallon, or unable to do so might wait a day and/or shop around. Sorry for confusing you. Pricing is continuing in the right direction, ultimately, that's the big picture.

---

It would be great if the price at the pump started going down at a consistent clip to where it matches the price of oil like it does when things are normal.

And if they continue to go down in spite of the SOH being a cluster, it would be all the better at showing America really is energy independent and doesn't have to worry about what happens in the "it rained over a refinery in Alahbazikstan so jump prices up by a bazillion!"

---

Isn't the biggest issue most of the US refineries aren't configured to produce gasoline from the light crude produced drilled in the US? Seems odd we haven't reconfigured refineries over the last 20 years to be able to process the domestic crude into gasoline since the shale boom.

---

this is a myth.

techno-ag said:

---

Equinox said:

---

$2.99 at Valero in Baytown.

---

Hey look! The OP was right again.

---

Better check that gas to make sure they didn't water it down which I would not put past the culture that seems to run most gas stations.

sts7049 said:

---

txyaloo said:

---

No Spin Ag said:

---

nortex97 said:

---

docb said:

---

nortex97 said:

---

sts7049 said:

---

doubt it, because they aren't stupid enough to believe he is the one who lowered them

---

Well we have a lot of folks who sure blamed him for raising them. Weird logic.

---

If I recall correctly most everyone thought that fuel prices were high under Biden for most of his term and Trump said he was going to lower fuel prices. We have a long way to go before getting to that point. And don't bother with one of your weird website graphs that makes no sense at all. Diesel is down to $4.86 a gallon at my gas station which while better is still a far cry from where it needs to be. Gas $3.59.

---

Lowest price around me per gas buddy is $3.14 per 'gas buddy' (this is a website or app). I'll happily try to explain anything that was too complex, such as WTI, CL=F, Gas futures etc. WTI is off another 57 cents this am.

https://oilprice.com/oil-price-charts/45

Anyone frustrated to be paying $3.59/gallon, or unable to do so might wait a day and/or shop around. Sorry for confusing you. Pricing is continuing in the right direction, ultimately, that's the big picture.

---

It would be great if the price at the pump started going down at a consistent clip to where it matches the price of oil like it does when things are normal.

And if they continue to go down in spite of the SOH being a cluster, it would be all the better at showing America really is energy independent and doesn't have to worry about what happens in the "it rained over a refinery in Alahbazikstan so jump prices up by a bazillion!"

---

Isn't the biggest issue most of the US refineries aren't configured to produce gasoline from the light crude produced drilled in the US? Seems odd we haven't reconfigured refineries over the last 20 years to be able to process the domestic crude into gasoline since the shale boom.

---

this is a myth.

---

I work in tech with the govt and have no clue about O&G, but I did run across this from what appears to be an industry trade mag. I don't typically trust them as sources. I see all the propaganda that's pumped out in my industry.

https://shalemag.com/us-refinery-shale-myth/

Quote:

---

Why Running Shale Oil Reduces Efficiency
When a refinery optimized for heavy crude runs a high proportion of light shale oil, two key issues emerge.
First, expensive upgrading unitslike cokers and hydrocrackersbecome underutilized. These are multi-billion-dollar assets designed to break down heavy molecules. Light crude is more expensive, and it simply doesn't provide enough of those molecules to keep the equipment running efficiently at high capacity.
Second, operational bottlenecks can develop. Light crude produces a higher volume of lighter products, which can overwhelm other parts of the refining system and force a reduction in overall throughput.
The refinery still functions. But it operates less efficientlyand less profitably.

---

I'd be concerned about the DSA's rise as an O&G CEO. I could definitely see nationalization on their agenda if prices don't come down.

Just got it for $2.99 in Weslaco. Drill baby drill!

here's another one

https://www.forbes.com/sites/rrapier/2026/04/05/debunking-a-persistent-myth-us-refineries-cant-handle-shale-oil/

it's really more about economics

sts7049 said:

---

here's another one

https://www.forbes.com/sites/rrapier/2026/04/05/debunking-a-persistent-myth-us-refineries-cant-handle-shale-oil/

it's really more about economics

---

That's the exact same article, written by the same author, that was in the trade magazine I posted. That's why I didn't put it in my post. Opinion pieces written by industry insiders published in legacy media don't move my needle. That's the industry marketing themselves and working to influence opinions. I'm in the AI space (as much as I hate it) and see it frequently. We put out lots of propaganda trying to influence the masses and politicians.

Why call it economics when it's completely about profits? O&G is more profitable when prices are high just like any industry. That's fantastic if you're in the industry, for large parts of Texas, or owners of O&G stock, but high fuel prices aren't sustainable for the American economy as a whole.

DSA folks believe gas/diesel are necessities (which they are) to live in 2026. If prices stay high, they will convince enough idiots to vote them in, and then big daddy government is going to do its thing. This is the changing face of the leftists. It's not 2007 anymore.

I'd think reasonable profits today over being nationalized 5-10 years down the line would be a smarter decision, but reasonable profits today don't help people's RSUs and bonus payouts.

sts7049 said:

---

txyaloo said:

---

No Spin Ag said:

---

nortex97 said:

---

docb said:

---

nortex97 said:

---

sts7049 said:

---

doubt it, because they aren't stupid enough to believe he is the one who lowered them

---

Well we have a lot of folks who sure blamed him for raising them. Weird logic.

---

If I recall correctly most everyone thought that fuel prices were high under Biden for most of his term and Trump said he was going to lower fuel prices. We have a long way to go before getting to that point. And don't bother with one of your weird website graphs that makes no sense at all. Diesel is down to $4.86 a gallon at my gas station which while better is still a far cry from where it needs to be. Gas $3.59.

---

Lowest price around me per gas buddy is $3.14 per 'gas buddy' (this is a website or app). I'll happily try to explain anything that was too complex, such as WTI, CL=F, Gas futures etc. WTI is off another 57 cents this am.

https://oilprice.com/oil-price-charts/45

Anyone frustrated to be paying $3.59/gallon, or unable to do so might wait a day and/or shop around. Sorry for confusing you. Pricing is continuing in the right direction, ultimately, that's the big picture.

---

It would be great if the price at the pump started going down at a consistent clip to where it matches the price of oil like it does when things are normal.

And if they continue to go down in spite of the SOH being a cluster, it would be all the better at showing America really is energy independent and doesn't have to worry about what happens in the "it rained over a refinery in Alahbazikstan so jump prices up by a bazillion!"

---

Isn't the biggest issue most of the US refineries aren't configured to produce gasoline from the light crude produced drilled in the US? Seems odd we haven't reconfigured refineries over the last 20 years to be able to process the domestic crude into gasoline since the shale boom.

---

this is a myth.

---

In reference to gasoline, it is a myth.

In reference to diesel, it is not. That being said, US crude typically is not within the API gravity range to yield diesel.

Holding at $2.99 at a Chevron in Houston.

At $77/barrel, I don't think oil prices are high. Fifteen years ago, many respected economists believed oil needed to be in a range of $60 to $80/barrel to be in the sweet spot of encouraging oil extraction by the industry, while also not being too expensive for businesses and consumers to conduct commerce.

That was 15 years ago. I suspect that sweet spot has moved up to at least $70 to $90/barrel. With all the gains in fuel efficiency over the last 15 years, that seems very reasonable.

The problem is we get accustomed to lower-than-normal prices for things and believe that's the way it should be forever. Interest rates are another example. The 10-year treasury at 4.7% is not high by historical standards. It's right on the long term trendline. It translates to mortgages of 6.5% to 7%, which again are somewhat normal historically.

Of course, gas prices and mortgage rates are huge political footballs. Politicians spike them when it's in their favor and ignore them when it's not.

MemphisAg1 said:

---

At $77/barrel, I don't think oil prices are high. Fifteen years ago, many respected economists believed oil needed to be in a range of $60 to $80/barrel to be in the sweet spot of encouraging oil extraction by the industry, while also not being too expensive for businesses and consumers to conduct commerce.

That was 15 years ago. I suspect that sweet spot has moved up to at least $70 to $90/barrel. With all the gains in fuel efficiency over the last 15 years, that seems very reasonable.

The problem is we get accustomed to lower-than-normal prices for things and believe that's the way it should be forever. Interest rates are another example. The 10-year treasury at 4.7% is not high by historical standards. It's right on the long term trendline. It translates to mortgages of 6.5% to 7%, which again are somewhat normal historically.

Of course, gas prices and mortgage rates are huge political footballs. Politicians spike them when it's in their favor and ignore them when it's not.

---

Oil and gas prices have just turned into a political football. If gas is low then the Pres is great. If gas is high, the Pres has to go. There's no much thought put into why.

more like, If gas is low then the Pres is great. If gas is high, the Pres has nothing to do with it.

Well we used to blame the president when it was a democrat, but now that the Republican president causing high prices we justify it.

To top it off Ben Shapiro had a whole segment about how grocery prices aren't that bad.

Republicans are going to get wiped out at midterms.

Equinox said:

---

Holding at $2.99 at a Chevron in Houston.

---

The OP was right!

That's basically the point I tried to make last week here that $65-75 is ideal for Texas. I still agree, though again as a political matter it's better for the incumbent party if it's lower than that.

It's never going to be 'steady' or in a static price for long, but hopefully the dip over the past 10 days continues largely thru early November;

🛢️ US crude imports from the Middle East are set to exceed 600,000 bpd in August, the highest level since the Iran war began, as a temporary reopening of the Strait of Hormuz and increased Saudi exports via the Suez Canal redirected barrels toward the US. At least 11 tankers… pic.twitter.com/rnIKen39JY

— LWS Financial Research (@lwsresearch) August 6, 2026

Frok said:

---

Well we used to blame the president when it was a democrat, but now that the Republican president causing high prices we justify it.

To top it off Ben Shapiro had a whole segment about how grocery prices aren't that bad.

Republicans are going to get wiped out at midterms.

---

Having less money because of the higher cost of groceries caused by the actions of this current administration aren't that bad?

I mean, if everyone had his net worth of more money than most will make in a lifetime, then sure, prices aren't that bad. In the really real world though, that isn't the sentiment of most.

But, hey, I'm sure there's not one conservative upset about higher gas and grocery prices. Not one.

MemphisAg1 said:

---

At $77/barrel, I don't think oil prices are high. Fifteen years ago, many respected economists believed oil needed to be in a range of $60 to $80/barrel to be in the sweet spot of encouraging oil extraction by the industry, while also not being too expensive for businesses and consumers to conduct commerce.

That was 15 years ago. I suspect that sweet spot has moved up to at least $70 to $90/barrel. With all the gains in fuel efficiency over the last 15 years, that seems very reasonable.

The problem is we get accustomed to lower-than-normal prices for things and believe that's the way it should be forever. Interest rates are another example. The 10-year treasury at 4.7% is not high by historical standards. It's right on the long term trendline. It translates to mortgages of 6.5% to 7%, which again are somewhat normal historically.

Of course, gas prices and mortgage rates are huge political footballs. Politicians spike them when it's in their favor and ignore them when it's not.

---

Yep. Oil was just too cheap before this war, so glad Trump saved us from having one aspect of daily living that wasn't costing us more and more.

It's funny. I own a mineral portfolio. Our checks have been so much bigger, we've paid off our RBL. I am personally benefitting from this situation yet I can still see how it was mismanaged and was a total own-goal. I understand that it's hard for a lot of people to have the price of everything go up. I don't understand why people defend this situation.

-no regime change
-didn't get the nuclear material out from under the rubble
-dead Americans
-higher prices
-more Iranians than ever who hate us and/or feel betrayed by us

Why keep defending this? I just don't get it.

No Spin Ag said:

---

Frok said:

---

Well we used to blame the president when it was a democrat, but now that the Republican president causing high prices we justify it.

To top it off Ben Shapiro had a whole segment about how grocery prices aren't that bad.

Republicans are going to get wiped out at midterms.

---

Having less money because of the higher cost of groceries caused by the actions of this current administration aren't that bad?

I mean, if everyone had his net worth of more money than most will make in a lifetime, then sure, prices aren't that bad. In the really real world though, that isn't the sentiment of most.

But, hey, I'm sure there's not one conservative upset about higher gas and grocery prices. Not one.

---

I think it's important to try and be factual/accurate and not emotional when dealing with a topic like inflation that is a numbers-driven topic.

Gas prices in states that haven't been infected with blue-policy stupidity aren't bad. I'm still buying gas for $3 and change. Not a big deal. California is $2/gal higher than Texas, but that increment is due to their ongoing war against fossil fuels. Other NE and NW states mimic CA to a similar but lesser degree. That's on them for gas.

With food at home, Trump's tariffs haven't been that impactful. His broad tariff war -- which I oppose -- is translating into higher prices for manufactured goods due to higher costs for raw materials and machinery where he is trying to force onshoring of production instead of letting manufacturers buy cheaper foreign components. His immigration policy -- which I support -- is impacting food at home by reducing the cheap foreign labor supply in the US. I'll gladly pay more for food to keep our borders secure and ensure legal immigration.

For food away from home, that cost is getting ridiculous in many blue states because of their stupid labor policies, including $20/hr minimum wage BS. The Dems keep trying to force every job to have a "living wage" when they forget that many jobs like fast food are temporary, starter jobs and not meant to support a family.

There's a lot of moving parts when it comes to inflation. Trump owns some of it. Some of it I support and some I don't. The Dems own a lot of it with their state policies. Just imagine what they'll do when they regain federal control. We already saw it under Biden. I shudder to think of what it looks like under Newsom.

Because to stop defending it would require admitting that they were wrong about the whole thing.