The few lucky or well connected "investors" who made bank by correctly guessing which way the price of crude was going were quite thrilled with this administration did by using the SPR
Gas is now under $3
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Last: 2 hrs ago by outofstateaggie
Dimond1968 said:
What's the general thought here on how to get gas prices down?
Demand destruction......
We all have a price per gallon that will cause us to make significant changes to our driving habits.
If I can't pass my fuel costs along to my customers, I will be forced to stop working.
Dimond1968 said:
What's the general thought here on how to get gas prices down?
- Quit starting wars that aren't needed
- incentivize new refineries and also nuke plants
- incentivize drilling and such to get more oil out of the ground
etc
Don't need more oil
We do need more Electrical infrastructure and generating capacity including SMR and Windmills are not the devil they are part of the solution
We do need more Electrical infrastructure and generating capacity including SMR and Windmills are not the devil they are part of the solution
BigRobSA said:Dimond1968 said:
What's the general thought here on how to get gas prices down?
- Quit starting wars that aren't needed
- incentivize new refineries and also nuke plants
- incentivize drilling and such to get more oil out of the ground
etc
For decades now politicians have said it'll take years for a new refinery to be built so we'll address that issue at a later date.
Well if they'd have started in the early aughts they'd have been able to have many created by now. Per Google it takes up to ten years to build one, and I'm not all that great at the.math, but I think twice that time they could have been built by now.
Pinche politicians living in mañana land screwing us all more than they need to.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
No Spin Ag said:BigRobSA said:Dimond1968 said:
What's the general thought here on how to get gas prices down?
- Quit starting wars that aren't needed
- incentivize new refineries and also nuke plants
- incentivize drilling and such to get more oil out of the ground
etc
For decades now politicians have said it'll take years for a new refinery to be built so we'll address that issue at a later date.
Well if they'd have started in the early aughts they'd have been able to have many created by now. Per Google it takes up to ten years to build one, and I'm not all that great at the.math, but I think twice that time they could have been built by now.
Pinche politicians living in mañana land screwing us all more than they need to.
True
much like a lot of us actual conservatives have complained about $1B waste here, $10B here only to be told that it's just too small to worry about, etc.... and now we're heading to $40T in debt.
Premium at Costco was $4.49. Highest I've seen it yet.
In a world when you can be anything, be the person that ends the meeting early.
Sq 17 said:
The few lucky or well connected "investors" who made bank by correctly guessing which way the price of crude was going were quite thrilled with this administration did by using the SPR
The SPR had nothing to do with my analyses of the USO play, nor did 'insider information' as seemingly hinted above, fwiw.
Trump tried to re-stock the SPR due to the Potatus draw down (arguably they were late to do so) but didn't have enough time for that plan, as we likely would agree today.
annie88 said:
Can the folks in the industry explain why, if prices were higher (per above) the following was found per Google:
Quote:
Gas prices are higher right now than the overall average during the Barack Obama administration. Price ComparisonRight now (2026): The national average for regular unleaded gas is approximately $4.48 per gallon according to AAA Fuel Prices.Under Obama (20092017): The national monthly average fluctuated mostly between $2.00 and $3.98 per gallon, averaging about $3.12 during his first term and $2.95 during his second term.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
Shale Oil boom didn't happen until 2014. Coming out of GFC as world began to recover you had BP accident in the Gulf, Libya, Syria, and Arab Spring. The global market relied much more on ME back then.
Then 2014 shale oil boom ignites. On Thanksgiving 2014 Saudi refused the surrender market share to all the US oil flooded the market. US shale had to keep producing to meet debt obligations. By 2016 oil is in the 30s and gas under $2.
After that Wallstreet got a little smart. They realized if you give oil man some money he'll drill so there was consolidation and slower pace of growth. Wallstreet lost too much and energy was not the place to invest. 2017-2019 oil was boring, not too much downside but not upside.
2020 right before Covid, Saudi and Russia got into a battle more market share where they then flooded the market. Then Covid so a flooded market with demand got us negative.
2021 the world starts opening up. But the oil guys after losing billions in 2020 slowed exploration, cut people, cut projects. Then they had to bring them all back again which took time.
Then 2022 with the world already short due to lack of investment, Russia/Ukraine happens sending oil up before it stabilized.
Then 2014 shale oil boom ignites. On Thanksgiving 2014 Saudi refused the surrender market share to all the US oil flooded the market. US shale had to keep producing to meet debt obligations. By 2016 oil is in the 30s and gas under $2.
After that Wallstreet got a little smart. They realized if you give oil man some money he'll drill so there was consolidation and slower pace of growth. Wallstreet lost too much and energy was not the place to invest. 2017-2019 oil was boring, not too much downside but not upside.
2020 right before Covid, Saudi and Russia got into a battle more market share where they then flooded the market. Then Covid so a flooded market with demand got us negative.
2021 the world starts opening up. But the oil guys after losing billions in 2020 slowed exploration, cut people, cut projects. Then they had to bring them all back again which took time.
Then 2022 with the world already short due to lack of investment, Russia/Ukraine happens sending oil up before it stabilized.
annie88 said:
WTI price had been cruising in the low 70s/60's/high 50's for quite awhile, and he started a war with Iran and now it has been generally in 80s/90s/occasionally low 100s except for his 'MOU' phase. Trump will take expected political hits for that.
annie88 said:
All of that sucks, but only one is PotUS now, when gas is $4+ a lot of places.
BigRobSA said:annie88 said:
All of that sucks, but only one is PotUS now, when gas is $4+ a lot of places.
Yes, but it jumps around. I mean it was under three dollars just a few weeks ago and probably will be again in a few weeks or months.
I just think anything, whether it's the price of gas, Wall Street or whatever it's constantly in fluctuation. It's been good and bad under all different presidents and scrutinizing it every day is just going to stress people out.
But it's the same from both sides. They're always screaming at the other guy.
In a world when you can be anything, be the person that ends the meeting early.
annie88 said:BigRobSA said:annie88 said:
All of that sucks, but only one is PotUS now, when gas is $4+ a lot of places.
Yes, but it jumps around. I mean it was under three dollars just a few weeks ago and probably will be again in a few weeks or months.
I just think anything, whether it's the price of gas, Wall Street or whatever it's constantly in fluctuation. It's been good and bad under all different presidents and scrutinizing it every day is just going to stress people out.
But it's the same from both sides. They're always screaming at the other guy.
No, it hasn't been that for months now. At least not here in SA, which is where I live so....all I give a flying fornication about.
Yes, things fluctuate...especially when left up to whatever market you're talking about. Starting an unnecessary war skews this market greatly. Added to other silliness by Trump, and his predecessors (including himself - from his "45" days) did to F up the economy, it comes at a bad time.
Short answer is lots of factors including inflation. $2.87 in 2016 is about $4 today.
Longer answer is years of terrible policies from all 3 have f****d our economy and the only fix anyone seems to have is "let's spend more because that clearly works"
Longer answer is years of terrible policies from all 3 have f****d our economy and the only fix anyone seems to have is "let's spend more because that clearly works"
keep in mind the $3 number was for wholesale gas. Add the $0.40+ in taxes per gallon and there's your $3.39 at the pump.BigRobSA said:annie88 said:BigRobSA said:annie88 said:
All of that sucks, but only one is PotUS now, when gas is $4+ a lot of places.
Yes, but it jumps around. I mean it was under three dollars just a few weeks ago and probably will be again in a few weeks or months.
I just think anything, whether it's the price of gas, Wall Street or whatever it's constantly in fluctuation. It's been good and bad under all different presidents and scrutinizing it every day is just going to stress people out.
But it's the same from both sides. They're always screaming at the other guy.
No, it hasn't been that for months now. At least not here in SA, which is where I live so....all I give a flying fornication about.
Yes, things fluctuate...especially when left up to whatever market you're talking about. Starting an unnecessary war skews this market greatly. Added to other silliness by Trump, and his predecessors (including himself - from his "45" days) did to F up the economy, it comes at a bad time.
GMaster0 said:
There's never been a scenario like this.
.
This scenario has never happened in real life BUT
this exact situation was a considered one of the likely outcomes If anyone tried to take down the Iranian Regime
We have F A'd and now the global O&G market is
in the F O phase
In a world when you can be anything, be the person that ends the meeting early.
Vestal_Flame
Joined:
Oct 11, 1999
How long do you want to ignore this user?
TexasAggiesWin said:
Seeing way too much of this lately defending this
And when it goes down again, like it always does, in a few months, then what?
Get mad all over again?
In a world when you can be anything, be the person that ends the meeting early.
annie88 said:TexasAggiesWin said:
Seeing way too much of this lately defending this
And when it goes down again, like it always does, in a few months, then what?
Get mad all over again?
Yes, I will be mad that gas prices are lower when I am currently not super excited that gas prices are higher. You got me
TexasAggiesWin said:annie88 said:TexasAggiesWin said:
Seeing way too much of this lately defending this
And when it goes down again, like it always does, in a few months, then what?
Get mad all over again?
Yes, I will be mad that gas prices are lower when I am currently not super excited that gas prices are higher. You got me
The point being, it will always cycle. It sucks when it's higher, of course. But getting upset about it does nothing.
When it goes back down again, y'all can get happy and post about that.
Then get pissed again, I guess.
In a world when you can be anything, be the person that ends the meeting early.
annie88 said:
It is possible for several things to be true at the same time:
Trump is bad for gas prices.
Biden was bad for oil production.
Oil companies will always turn a profit no matter the politics.
I filled up on 87 for $3.999 in FW yesterday.
annie88 said:TexasAggiesWin said:annie88 said:TexasAggiesWin said:
Seeing way too much of this lately defending this
And when it goes down again, like it always does, in a few months, then what?
Get mad all over again?
Yes, I will be mad that gas prices are lower when I am currently not super excited that gas prices are higher. You got me
The point being, it will always cycle. It sucks when it's higher, of course. But getting upset about it does nothing.
When it goes back down again, y'all can get happy and post about that.
Then get pissed again, I guess.
We will wait for the original poster of this thread to post about it that is how we will know when it's back down.
In the meantime listening to "its just cycles" is fun except the current president never described it that way
Lol, if this continues, then republicans will do better than expected. Focusing all in on gas prices while they drop is a bad strategy
— Stephen Miller was the moderate (@YJj1064719) September 22, 2026
inventories still falling.
Wow. pic.twitter.com/IZ173IYBoG
— HFI Research (@HFI_Research) September 21, 2026
this is also rather ominous. haven't looked further into this though
The USGC has hit minimum operational gasoline octane inventories. The largest gasoline blending terminal in the US is restricting movements that take tanks “off float” because their vapor recovery units are at max capacity because so many tanks are empty.
— Schrodinger’s Oil Trades (@SchrodingersAlt) September 21, 2026
High octane blendstocks… https://t.co/CKSR2qrA8u
Fake news. We are not out of inventory/inputs at all.
Stocks are low, refineries are running at max ability, and we are exporting more than usual. Exports will drop if they need to. And WTI is running right around $90 still. USO is off a couple bucks pre-market from yesterday's drop, to $145 and change.
US doesn't have scarcity locally either. US won't run out, because other countries won't be able to outbid the US consumer. It'll just stop going overseas... demand destruction.
— J Rose (@Jrose1924) September 20, 2026
Stocks are low, refineries are running at max ability, and we are exporting more than usual. Exports will drop if they need to. And WTI is running right around $90 still. USO is off a couple bucks pre-market from yesterday's drop, to $145 and change.
did you read the tweet? octane inventories for blending
i'm glad jrose with two tweets shared his view though. credible source.
i'm glad jrose with two tweets shared his view though. credible source.
Yes I did. And I'm following 'gas buddy guy' now too. I just don't think the implied shortage (here) is going to happen, based on the discussion(s)/data.
This thread is turned into an object lesson in the beauty of owning refining capacity.
if you have data showing otherwise on octane inventories that show what i posted was incorrect then go right ahead.
if you are choosing to believe what you want then go right ahead with that too i guess.
if you are choosing to believe what you want then go right ahead with that too i guess.
Someone asked if I was ready for the fall and it took me a second to realize they meant autumn and not the total collapse of society.
— Nux (@mherlihy0816) September 22, 2026
sts7049 said:
if you have data showing otherwise on octane inventories that show what i posted was incorrect then go right ahead.
if you are choosing to believe what you want then go right ahead with that too i guess.
I genuinely don't know what you want me to take issue with. I don't think we are about to run out of gas/diesel, if you do, fine as well. I went to grok and asked;
Quote:
No. Gulf Coast (PADD 3) octane-related inventories are tight but not approaching depletion.
EIA weekly data through September 11, 2026 shows PADD 3 total motor gasoline stocks at 77.6 million barrels (slightly below year-ago levels but mid-range historically). Finished gasoline is a small slice (~5 million barrels); most of the volume is blending components at 72.6 million barrels.
The closest public proxy for high-octane stocks (alkylate, reformate, aromatics, and similar "All Other" components) stood at 28.5 million barrels that week. That category hit a two-year low near 28 million barrels the prior week and has been described by market sources as tight, partly due to some Gulf Coast unit outages that reduced reformate output.
Refiners have also been running high utilization while prioritizing diesel amid global disruptions, which has increased demand for high-octane blendstocks to meet gasoline specifications. Aromatics and reformate prices have risen accordingly. These are signs of operational tightness, not an imminent run-out. Stocks remain well above zero and the system continues to supply both domestic markets and exports.
More. But maybe that is wrong, I don't know, and don't work in the refinery/oil-gas industry. The post you linked to seemed to imply an imminent shortage regionally in the gulf coast. If you have a specific prediction you'd like my opinion on let me know. I sold my USO puts yesterday for a nice profit, and am uninvested right now (would love to see another rapid run up to make a similar play, fwiw.)
I know we've got folks who work in the industries involved here that know more than I do on the topic, maybe they can chip in. Picking X or AI sources to rely on is iffy, admittedly.
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