Yes, so I doubt it gets much traction.
Gas is now under $3
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Last: 17 min ago by ETFan
Why don't they suspend gas taxes for a while
yippee2 said:
Why don't they suspend gas taxes for a while
You know the answer to this. Ask harder questions.
Burpelson said:
$3.89 HEB not heading in right direction.
It was back down below $4 everywhere I went today.
yippee2 said:
Why don't they suspend gas taxes for a while
Interesting idea. Do you know who else has suggested this very thing? Yup, Talarico.
Gasoline and Diesel were both 3.89 in my neighborhood… either a mistake or things have normalized this week
I can't post the pic but y'all are going to have to trust me.
Super Unleaded was $7.09
Diesel was $8.79
In Santa Clara, CA today
Super Unleaded was $7.09
Diesel was $8.79
In Santa Clara, CA today
That's actually what they're doing in Australiayippee2 said:
Why don't they suspend gas taxes for a while
Cutting a TV ad in front of a gas station.
Typical.
Not the war in Iran you idiot.
— Shipwreckedcrew (@shipwreckedcrew) September 25, 2026
It is the result of Ukraine attacks on Russian refineries.
Russian diesel is used in Russia and sold to Europe.
Because of refinery damage Russia is keeping more and exporting less.
That squeezes world supply and drives up prices. https://t.co/QBDlbh8hz4
Typical.
$4.35 for premium
Was under $4 my last fill up...
Was under $4 my last fill up...
I now have a couple USO 10-23 148 puts I bought yesterday. Already up 5 percent but we will see how it goes. It's not clear of course how dramatic/steady the drop will be. Not investment advice yada yada.
Gas october contracts seem to be dropping back down.
Gas october contracts seem to be dropping back down.
Rapier108 said:nortex97 said:
It would be an enormous mistake, I have to agree with you.Quote:
US refiners currently produce far more diesel than the domestic market consumes and export the surplus (around 1.5 million barrels per day). A ban would trap that diesel on the Gulf Coast. Storage would fill quickly, diesel crack spreads would collapse, and refiners would cut crude runsS&P Global estimates by roughly 1.92 million barrels per dayto eliminate the surplus.
Really hope this doesn't go through, despite some reporting that it is happening. It's insanity. We need/want more diesel on the global market, not less.
If its a bad idea, then Trump will do it no matter what his advisors tell him.
Seems to be his MO as of late.
You'll know it's bad when Trump tries to start pitching export bans.
Lots of chatter about a deal coming
I saw something similar. If we're talking about the same deal, Trump would be an idiot to turn it down.
The Iranians are playing Trump the same way they did Carter in the 1970s, and it's working. They can wait him out, knowing that high fuel prices are going to be detrimental to the midterm elections. But the deal they've put forward gives him an off-ramp.
The Iranians are playing Trump the same way they did Carter in the 1970s, and it's working. They can wait him out, knowing that high fuel prices are going to be detrimental to the midterm elections. But the deal they've put forward gives him an off-ramp.
I am loosing faith in trump.
I thought we were energy independent
He's killing ranchers and agriculture
I thought we were energy independent
He's killing ranchers and agriculture
GMaster0 said:Rapier108 said:nortex97 said:
It would be an enormous mistake, I have to agree with you.Quote:
US refiners currently produce far more diesel than the domestic market consumes and export the surplus (around 1.5 million barrels per day). A ban would trap that diesel on the Gulf Coast. Storage would fill quickly, diesel crack spreads would collapse, and refiners would cut crude runsS&P Global estimates by roughly 1.92 million barrels per dayto eliminate the surplus.
Really hope this doesn't go through, despite some reporting that it is happening. It's insanity. We need/want more diesel on the global market, not less.
If its a bad idea, then Trump will do it no matter what his advisors tell him.
Seems to be his MO as of late.
You'll know it's bad when Trump tries to start pitching export bans.
Well, it went no where, might not have ever been more than a discussion, so the issue is irrelevant at this point.
"If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." - Sir Winston Churchill
yippee2 said:
I am loosing faith in trump.
I thought we were energy independent
He's killing ranchers and agriculture
Something you might want to remember.
The oil companies are not paying more for oil, they are just selling it for more. Because of the stuff Iran is doing.
It's very similar to the tariffs. US Consumers pay the tariffs, the corporations get the rebates.
All designed to move money away from the many to the few.
Netanyahu came to the US and nobody met him. Trump has been busy with Xi. Trump is over this war, let's wrap it up.
Gas and diesel are down 10 cents in my area
$4.19-Gas
$6.19-Diesel
$4.19-Gas
$6.19-Diesel
Watermelon Man said:yippee2 said:
I am loosing faith in trump.
I thought we were energy independent
He's killing ranchers and agriculture
Something you might want to remember.
The oil companies are not paying more for oil, they are just selling it for more. Because of the stuff Iran is doing.
None of this is accurate imho. Refined products are being bid up to be shipped to Europe. Not related to Iran, which is functionally irrelevant at this point.
ETA: the oil business is very transactional and competitive. USO is still however trading at over 2x it's 52-week low. This is bound to come down as it is not a high profit margin industry.
nortex97 said:Watermelon Man said:yippee2 said:
I am loosing faith in trump.
I thought we were energy independent
He's killing ranchers and agriculture
Something you might want to remember.
The oil companies are not paying more for oil, they are just selling it for more. Because of the stuff Iran is doing.
None of this is accurate imho. Refined products are being bid up to be shipped to Europe. Not related to Iran, which is functionally irrelevant at this point.
ETA: the oil business is very transactional and competitive. USO is still however trading at over 2x it's 52-week low. This is bound to come down as it is not a high profit margin industry.
Why wouldn't the refiners keep domestic prices low and offset it by higher export prices? We know the rest of the world needs the fuel. Let them pay for it.
Do you have any evidence the gulf coast refiners are treating US buyers with a discriminatory intent vs. selling to whoever buys their distillates? Ultimately they produce a product and sell it on the market, and could face liability as fiduciaries etc. if they agree not to obtain the maximum price they can.
nortex97 said:
Do you have any evidence the gulf coast refiners are treating US buyers with a discriminatory intent vs. selling to whoever buys their distillates? Ultimately they produce a product and sell it on the market, and could face liability as fiduciaries etc. if they agree not to obtain the maximum price they can.
I didn't say they were discriminating against US buyers. I asked why they are not discriminating against foreign buyers with a higher price to keep domestic prices lower. They would be making the same profit, but the rest of the world subsidize us for once
Dan Scott said:
Lots of chatter about a deal coming
Based on the massive call option flow coming across tech, the insider trading would certainly indicate so.
https://www.cnbc.com/2026/09/25/saudi-arabia-oil-iran-war-pipeline-strait-hormuz-red-sea-houthis.html
The Saudis announced today they're getting out the same amount of oil now that they did on average in 2025 despite the temporary closure of the pipeline. When the pipeline reopens they will exceed last year's daily output.
Total oil exports via Hormuz from all countires are now roughly 3/4 of pre-war levels.
The Saudis announced today they're getting out the same amount of oil now that they did on average in 2025 despite the temporary closure of the pipeline. When the pipeline reopens they will exceed last year's daily output.
Total oil exports via Hormuz from all countires are now roughly 3/4 of pre-war levels.
Less Evil Hank Scorpio
Joined:
Oct 29, 2005
Posts:
20,544
How long do you want to ignore this user?
AG
txyaloo said:nortex97 said:Watermelon Man said:yippee2 said:
I am loosing faith in trump.
I thought we were energy independent
He's killing ranchers and agriculture
Something you might want to remember.
The oil companies are not paying more for oil, they are just selling it for more. Because of the stuff Iran is doing.
None of this is accurate imho. Refined products are being bid up to be shipped to Europe. Not related to Iran, which is functionally irrelevant at this point.
ETA: the oil business is very transactional and competitive. USO is still however trading at over 2x it's 52-week low. This is bound to come down as it is not a high profit margin industry.
Why wouldn't the refiners keep domestic prices low and offset it by higher export prices? We know the rest of the world needs the fuel. Let them pay for it.
Because that would be in violation of their duty to their shareholders.
We aren't a country that believes in setting prices based on feelings, especially in commodity markets.
For what it's worth, Americans are still getting a "good deal" on diesel relative to what most of the developed world is paying, due to differences in tax policy and transportation expenses.
I'm having a difficult time following this logic. If a refiner offers the export market a bbl at a considerably higher price than the domestic market, and the export market lifts the offer, that will then drag up domestic prices, as they now have to compete with an incredibly strong export market.
Less Evil Hank Scorpio said:txyaloo said:nortex97 said:Watermelon Man said:yippee2 said:
I am loosing faith in trump.
I thought we were energy independent
He's killing ranchers and agriculture
Something you might want to remember.
The oil companies are not paying more for oil, they are just selling it for more. Because of the stuff Iran is doing.
None of this is accurate imho. Refined products are being bid up to be shipped to Europe. Not related to Iran, which is functionally irrelevant at this point.
ETA: the oil business is very transactional and competitive. USO is still however trading at over 2x it's 52-week low. This is bound to come down as it is not a high profit margin industry.
Why wouldn't the refiners keep domestic prices low and offset it by higher export prices? We know the rest of the world needs the fuel. Let them pay for it.
Because that would be in violation of their duty to their shareholders.
We aren't a country that believes in setting prices based on feelings, especially in commodity markets.
For what it's worth, Americans are still getting a "good deal" on diesel relative to what most of the developed world is paying, due to differences in tax policy and transportation expenses.
not necessarily. First, blindly appeasing shareholders has killed many companies but that's a whole different conversation. The duty is to make the most money, not list a gallon of diesel for the highest price at the pump. I'm not saying they are or not.
Time will tell if $6+ diesel is going to destroy demand. It has to at some level because the cost of goods transported is going to eat at the consumers wallet and their ability to fill up their vehicles.
Quick Trip at Love Field in Dallas was down to $3.83 today after topping out at $3.99 and 9/10 earlier in the week.
QT in Terrell was 3.99 yesterday and 3. 79 today. Saw it Down to 3.59 in Burleson this morning.
Republicans may not fix all your problems but you can be damn sure Democrats cause ALL of them.
Danny Vermin said:
QT in Terrell was 3.99 yesterday and 3. 79 today. Saw it Down to 3.59 in Burleson this morning.
Down is better than up. I wish that was the case in the LBK, but hopefully soon.
Anyone know if this is the start of a trend to get back down to pre Trump Iran war prices, or just getting us back to where we were before the Houthis came into play?
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
ErnestEndeavor said:
https://www.cnbc.com/2026/09/25/saudi-arabia-oil-iran-war-pipeline-strait-hormuz-red-sea-houthis.html
The Saudis announced today they're getting out the same amount of oil now that they did on average in 2025 despite the temporary closure of the pipeline. When the pipeline reopens they will exceed last year's daily output.
Total oil exports via Hormuz from all countires are now roughly 3/4 of pre-war levels.
Just curious would you believe this assessment that is very good news for the current administration if it were 2023 and Biden's team was reporting good news ??
$4.09 in Fulshear today.
Most I've ever paid here.
Bad Trump.
Most I've ever paid here.
Bad Trump.
Just saw one station at $4.09, Ranges between $3.74 and $3.99. Murphy at Walmart was $3.84 today when I passed in Livingston. It was $2.25 in February.Diesel runs $1.75-$2.00 higher. Prices change daily whenever they purchase a new allotment. Most places are resisting putting a $4+ on their signs.
No Spin Ag said:Danny Vermin said:
QT in Terrell was 3.99 yesterday and 3. 79 today. Saw it Down to 3.59 in Burleson this morning.
Down is better than up. I wish that was the case in the LBK, but hopefully soon.
Anyone know if this is the start of a trend to get back down to pre Trump Iran war prices, or just getting us back to where we were before the Houthis came into play?
Winter blend transition has started according to AAA typically. Winter blend is cheaper than summer blend. By around $.30. So a reduction in around that much could just mean the typical price delta between summer and winter blends
https://www.acg.aaa.com/connect/blogs/4c/auto/what-to-know-about-gasoline-blends-summer-vs-winter
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