Gas is now under $3

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docb
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9:39a, 10/4/26
Watching our energy secretary on Face the Nation talk about diesel prices. Basically blaming Democrats, Russian war, China, European countries not releasing reserves. Not one mention that our Iran war caused any problems. Geez!!!
ETA he was finally pressed into saying Trump knew there was a risk of a "small bump" in prices with the conflict.
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No Spin Ag
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In reply to docb • 9:42a, 10/4/26
docb said:
Watching our energy secretary on Face the Nation talk about diesel prices. Basically blaming Democrats, Russian war, China, European countries not releasing reserves. Not one mention that our Iran war caused any problems. Geez!!!

Maybe he's unaware that he's a member of the political party of personal responsibility? Maybe someone can get him the GOP handbook or something?
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
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No Spin Ag
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In reply to BigRobSA • 9:45a, 10/4/26
BigRobSA said:
Sq 17 said:
Any "peace deal" is going to look like a surrender by the US so that's not going to happen

Nah, as part of the deal, he'd have the country renamed to Bucees-istan or something close.

ROFL!!!

And now I'm imagining so many idiot Americans flying over there to get their picture taken with that damned beaver, the woke women wearing very fashionable hijabs, of course.

Come on, you know it would happen.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
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Dimond1968
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In reply to docb • 1:21p, 10/4/26
docb said:
Watching our energy secretary on Face the Nation talk about diesel prices. Basically blaming Democrats, Russian war, China, European countries not releasing reserves. Not one mention that our Iran war caused any problems. Geez!!!
ETA he was finally pressed into saying Trump knew there was a risk of a "small bump" in prices with the conflict.
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Dan Scott
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2:17p, 10/4/26
Of course Iran War is responsible as evidenced by all the talking points that paying a little more now is worth it to prevent Iran from having a weapon.

The problem is this war has gone on much longer than expected and I'd bet a large sum of money if Trump knew he'd be dealing with this in October, he probably wouldn't have done it. This is a long excursion.

If not for Iran war, China isn't banning exports. China banned exports because there refineries were running less with their crude supplie impacted because of the Iran war.

Because of Iran War, Russian sanctions were waived. I think sanctions waiver didn't renew after July. Russia had a money printer and Ukraine attacked. I don't know if Ukraine would have gone after the refiners as hard if sanctions weren't waived.

And there would be no need to release reserves globally of not for the Iran war.

Everything can be traced back to Iran War. And prices will remain elevated as long as the war is going. We can get back to prewar supplies but that isn't cheap. There is a huge cost to the disruption of the supply chain that is working itself out but that keeps prices elevated. It used to be $2/B to ship crude from ME to China. It approached $30 last week. All those barrels moving out of the ME we heard about last week got moved out a super expensive price.



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Billys Cesspool Enjoyer
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4:19p, 10/4/26
Per AAA (again), the national average is $4.37/gal but is trending down. Hopefully the average American sees some more relief soon.
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HoustonAg2106
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In reply to Billys Cesspool Enjoyer • 4:33p, 10/4/26
AggieVictor10 said:
Per AAA (again), the national average is $4.37/gal but is trending down. Hopefully the average American sees some more relief soon.


The war has no end in sight, it's only going to get worse IMO
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No Spin Ag
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In reply to HoustonAg2106 • 4:56p, 10/4/26
HoustonAg2106 said:
AggieVictor10 said:
Per AAA (again), the national average is $4.37/gal but is trending down. Hopefully the average American sees some more relief soon.


The war has no end in sight, it's only going to get worse IMO

It doesn't even have to get worse to keep things in the cluster they currently are for many years to come. That means the '28 Republican nominee will have an even greater uphill battle if they ever supported Trump in this decision of his.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
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TexasAggiesWin
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In reply to docb • 5:03p, 10/4/26
docb said:
Watching our energy secretary on Face the Nation talk about diesel prices. Basically blaming Democrats, Russian war, China, European countries not releasing reserves. Not one mention that our Iran war caused any problems. Geez!!!
ETA he was finally pressed into saying Trump knew there was a risk of a "small bump" in prices with the conflict.


Reminds me of this guy


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Queso1
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8:12p, 10/4/26
Trump said $200-$250 oil would be a fair price to rid Iran of a nuke. I guess so, if they had one.
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Billys Cesspool Enjoyer
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In reply to Queso1 • 12:04a, 10/5/26
Queso1 said:
Trump said $200-$250 oil would be a fair price to rid Iran of a nuke. I guess so, if they had one.


They have WMDs.
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inconvenient truth
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In reply to Queso1 • 12:35a, 10/5/26
Queso1 said:
Trump said $200-$250 oil would be a fair price to rid Iran of a nuke. I guess so, if they had one.

Discussing/criticizing the decision to go kinetic against Iran is absolutely fair game. However, that being said, to claim that Iran hasn't spent the past decades working towards a bomb is disingenuous at best and completely ignorant at worst.
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nortex97
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In reply to Dan Scott • 4:41a, 10/5/26
Dan Scott said:
Of course Iran War is responsible as evidenced by all the talking points that paying a little more now is worth it to prevent Iran from having a weapon.

The problem is this war has gone on much longer than expected and I'd bet a large sum of money if Trump knew he'd be dealing with this in October, he probably wouldn't have done it. This is a long excursion.

If not for Iran war, China isn't banning exports. China banned exports because there refineries were running less with their crude supplie impacted because of the Iran war.

Inaccurate talking points but the reality is that we need the Russians back online/exporting again to get diesel prices down. There's no shortage of oil flowing (as reflected by WTI hovering around $90 at the moment).


22 refineries have been struck in Russia. That's the proximate cause of the diesel crack spread and pricing today, full stop. And, it's ongoing. China has no shortage at all of oil for their refineries. The 2 percent of the global oil market the IRGC had provided is...ultimately insignificant, especially to American refineries/gas prices.
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Bull Meachem
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In reply to inconvenient truth • 6:28a, 10/5/26
inconvenient truth said:
Queso1 said:
Trump said $200-$250 oil would be a fair price to rid Iran of a nuke. I guess so, if they had one.

Discussing/criticizing the decision to go kinetic against Iran is absolutely fair game. However, that being said, to claim that Iran hasn't spent the past decades working towards a bomb is disingenuous at best and completely ignorant at worst.

Trump told us we took care of that in 2025, right?
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ErnestEndeavor
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In reply to nortex97 • 6:36a, 10/5/26
The oil markets are no longer the issue. It's the refining. Oil is now getting out at roughly pre-war levels, but the Middle East is still only exporting about 20% of pre-war levels of refined products.
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nortex97
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In reply to ErnestEndeavor • 6:47a, 10/5/26
ErnestEndeavor said:
The oil markets are no longer the issue. It's the refining. Oil is now getting out at roughly pre-war levels, but the Middle East is still only exporting about 20% of pre-war levels of refined products.

You've asserted this many times here but again it is simply not true, and hasn't been for months.


The major refined products drop is in fact that from Russia (and, now, China, which is refilling their reserves, though their production/usage is not damaged/offline). Russia normally accounts for about 6-7% of global diesel production, roughly 1.8 million barrels per day out of a worldwide total near 27-28 mb/d.
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ErnestEndeavor
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In reply to nortex97 • 6:55a, 10/5/26


This is what I'm referring to. It's information from O&G data analytics firm Kpler.

https://www.cnbc.com/2026/09/30/iran-war-strait-hormuz-gulf-oil-fuel.html

9/30/2026:
Quote:

Refined products shipped through Hormuz are at a seven-day average of 677,000 bpd as of Monday compared with 3.6 million bpd before the war, according to Kpler.
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nortex97
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In reply to ErnestEndeavor • 7:06a, 10/5/26
JP Morgan Chase report. Refined products are more often piped out vs. shipped, unlike crude.

More. The headlines/stories back when Obama drove gas prices to $4 are pretty comical to revisit.

I don't believe any middle east refineries are at this point 'offline' or not producing, entirely.
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No Spin Ag
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In reply to nortex97 • 8:09a, 10/5/26
nortex97 said:
Dan Scott said:
Of course Iran War is responsible as evidenced by all the talking points that paying a little more now is worth it to prevent Iran from having a weapon.

The problem is this war has gone on much longer than expected and I'd bet a large sum of money if Trump knew he'd be dealing with this in October, he probably wouldn't have done it. This is a long excursion.

If not for Iran war, China isn't banning exports. China banned exports because there refineries were running less with their crude supplie impacted because of the Iran war.

Inaccurate talking points but the reality is that we need the Russians back online/exporting again to get diesel prices down. There's no shortage of oil flowing (as reflected by WTI hovering around $90 at the moment).


22 refineries have been struck in Russia. That's the proximate cause of the diesel crack spread and pricing today, full stop. And, it's ongoing. China has no shortage at all of oil for their refineries. The 2 percent of the global oil market the IRGC had provided is...ultimately insignificant, especially to American refineries/gas prices.


Any chance Trump asked Putin to, I don't know, stop his invasion of Ukraine and remove all his troops?

I'd imagine Ukraine would stop defending themselves with these strikes of Putin did that and whatever effects your strikes have on oiland diesel would stop being affected. I mean, that's just me.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
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Iraq2xVeteran
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8:22a, 10/5/26
Gas was $3.829 at a 7-Eleven on 564 TX-21 in Caldwell two days ago, and I paid $3.779 after I received 5 cents off per gallon from the 7-Eleven rewards app.
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nortex97
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In reply to Iraq2xVeteran • 9:34a, 10/5/26
Cheapest gas around Dallas is $3.57. Nearer me it's $3.72. Gas buddy:
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docb
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9:51a, 10/5/26
$150 even to fill up my truck this morning. The cost should be closer to $80. We have a long way to go.
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BigRobSA
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9:54a, 10/5/26
$3.799/gal as lowest, by me on the Souttttttthhhhsiiiiiiiide of SA, $3.959 as a high. For regular unleaded.

A lot of my coworkers have already been slowing down "doing things" that involves driving. This keeps up and 2028 is in jeopardy. A lot of them, mostly Hispanic, voted for Trump if they voted at all. I doubt they're voting for Talarico, but they're also just not going to vote, here, too.
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Hoyt Ag
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In reply to docb • 9:57a, 10/5/26
$6.49 for diesel here still
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docb
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In reply to Hoyt Ag • 9:58a, 10/5/26
Hoyt Ag said:
$6.49 for diesel here still

Damn that is ridiculous!!!
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Eliminatus
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In reply to BigRobSA • 9:59a, 10/5/26
BigRobSA said:
$3.799/gal as lowest, by me on the Souttttttthhhhsiiiiiiiide of SA, $3.959 as a high. For regular unleaded.

A lot of my coworkers have already been slowing down "doing things" that involves driving. This keeps up and 2028 is in jeopardy. A lot of them, mostly Hispanic, voted for Trump if they voted at all. I doubt they're voting for Talarico, but they're also just not going to vote, here, too.


Fuel costs is something I definitely think of now when driving somewhere beyond normal daily rituals. Haven't done that since the Biden "I did that!" days.
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Dungeon Crawler Carl
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10:03a, 10/5/26




Hootie and the Blowfish are doing some damage out there......
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No Spin Ag
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In reply to BigRobSA • 10:15a, 10/5/26
BigRobSA said:
$3.799/gal as lowest, by me on the Souttttttthhhhsiiiiiiiide of SA, $3.959 as a high. For regular unleaded.

A lot of my coworkers have already been slowing down "doing things" that involves driving. This keeps up and 2028 is in jeopardy. A lot of them, mostly Hispanic, voted for Trump if they voted at all. I doubt they're voting for Talarico, but they're also just not going to vote, here, too.


All my family who jumped from the dems to maga haven't even talked about politics at all in about a year, and until then they were as pro trump and all in on maga. No signs this time either, much less wearing the type of merch they'd been wearing every election time for the past few cycles.

I know they're not voting for a Democrat, but I also don't think they'll be getting off their couches to vote at all.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
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Rossticus
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In reply to BigRobSA • 10:19a, 10/5/26
BigRobSA said:
$3.799/gal as lowest, by me on the Souttttttthhhhsiiiiiiiide of SA, $3.959 as a high. For regular unleaded.

A lot of my coworkers have already been slowing down "doing things" that involves driving. This keeps up and 2028 is in jeopardy. A lot of them, mostly Hispanic, voted for Trump if they voted at all. I doubt they're voting for Talarico, but they're also just not going to vote, here, too.


Been getting it for $3.599 up here on the far NE for the last couple of weeks.
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Eliminatus
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In reply to Dungeon Crawler Carl • 10:34a, 10/5/26
Yemen just announced an all out offensive to take back Houthi land and finish them off for good. I honestly wish them all the luck but I am tempering my hopes. The Yemens are a third world country in every sense of the word and the Houthis are straight up better fighters than them. Probably better supplied too.

Sauds of course remain the wild card. Have they learned anything yet? Can they contribute in a meaningful way? Moreover, do they have the willpower (or rather their mercs) to get stuck in fighting a determined insurgent army on their land? Or just more token bombing.

The BM Straight may not be the Straight of Hormuz but it is still important and it all adds up for the global markets.
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sts7049
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10:51a, 10/5/26
blaming ukraine for hitting russian refineries makes no sense when russia hasn't been exporting diesel anyway
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Dimond1968
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In reply to No Spin Ag • 10:52a, 10/5/26
No Spin Ag said:
nortex97 said:
Dan Scott said:
Of course Iran War is responsible as evidenced by all the talking points that paying a little more now is worth it to prevent Iran from having a weapon.

The problem is this war has gone on much longer than expected and I'd bet a large sum of money if Trump knew he'd be dealing with this in October, he probably wouldn't have done it. This is a long excursion.

If not for Iran war, China isn't banning exports. China banned exports because there refineries were running less with their crude supplie impacted because of the Iran war.

Inaccurate talking points but the reality is that we need the Russians back online/exporting again to get diesel prices down. There's no shortage of oil flowing (as reflected by WTI hovering around $90 at the moment).


22 refineries have been struck in Russia. That's the proximate cause of the diesel crack spread and pricing today, full stop. And, it's ongoing. China has no shortage at all of oil for their refineries. The 2 percent of the global oil market the IRGC had provided is...ultimately insignificant, especially to American refineries/gas prices.


Any chance Trump asked Putin to, I don't know, stop his invasion of Ukraine and remove all his troops?

I'd imagine Ukraine would stop defending themselves with these strikes of Putin did that and whatever effects your strikes have on oiland diesel would stop being affected. I mean, that's just me.


Russia isn't funded by the U.S. and run by the CIA. Ukraine is. When I saw the U.S. had greenlit strikes on Russian refineries I couldn't believe it. Trump might've asked for this to stop. It has not stopped.
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No Spin Ag
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In reply to Dimond1968 • 10:56a, 10/5/26
Dimond1968 said:
No Spin Ag said:
nortex97 said:
Dan Scott said:
Of course Iran War is responsible as evidenced by all the talking points that paying a little more now is worth it to prevent Iran from having a weapon.

The problem is this war has gone on much longer than expected and I'd bet a large sum of money if Trump knew he'd be dealing with this in October, he probably wouldn't have done it. This is a long excursion.

If not for Iran war, China isn't banning exports. China banned exports because there refineries were running less with their crude supplie impacted because of the Iran war.

Inaccurate talking points but the reality is that we need the Russians back online/exporting again to get diesel prices down. There's no shortage of oil flowing (as reflected by WTI hovering around $90 at the moment).


22 refineries have been struck in Russia. That's the proximate cause of the diesel crack spread and pricing today, full stop. And, it's ongoing. China has no shortage at all of oil for their refineries. The 2 percent of the global oil market the IRGC had provided is...ultimately insignificant, especially to American refineries/gas prices.


Any chance Trump asked Putin to, I don't know, stop his invasion of Ukraine and remove all his troops?

I'd imagine Ukraine would stop defending themselves with these strikes of Putin did that and whatever effects your strikes have on oiland diesel would stop being affected. I mean, that's just me.


Russia isn't funded by the U.S. and run by the CIA. Ukraine is. When I saw the U.S. had greenlit strikes on Russian refineries I couldn't believe it. Trump might've asked for this to stop. It has not stopped.


It's been a minute, but I thought Trump stopped helping the Ukes with the things they were asking for about a year ago. Or could this help be because the Ukraine is helping us with Iran?
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
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Dungeon Crawler Carl
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In reply to Eliminatus • 10:58a, 10/5/26
The Blowfish are making a play to be the protectors of Mecca. i.e. - this is a Holy Civil war just as much as a Petro dollar war.

MBS better get his **** together and pay some heavy hitting mercenaries right quick or that chuck of sand is going to get renamed....

Of course all those Marines on the amphibious landing ship steaming towards the Gulf could easily be redirected a little further west help to save MBS and the Petro dollar.

After all that is the agreement Kissinger came up with back in the day.....

Quote:
The 1974 Agreement
  • Exclusive Pricing: Saudi Arabia and other OPEC nations agreed to price their global oil exports exclusively in U.S. dollars.
  • Reinvestment: Surplus oil revenues were recycled back into U.S. Treasury bonds and American financial markets.
  • Security Guarantees: In exchange for these financial commitments, the United States provided military protection, defense sales, and security cooperation to the Saudi royal family

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nortex97
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In reply to sts7049 • 11:11a, 10/5/26
sts7049 said:
blaming ukraine for hitting russian refineries makes no sense when russia hasn't been exporting diesel anyway

Russia was literally number 2 behind us, last year in diesel exports.

They didn't cut off exports until something like two dozen of their refineries involved were struck in July, which happens to correlate with diesel skyrocketing as discussed here, because our exports had to necessarily ramp up to prop up the refinery-lacking feckless Euro's.
Quote:
Why this reaches Europe
It is worth being clear about why a three-week Russian ban matters in Rotterdam and not just Ryazan. Europe stopped buying Russian diesel directly after the 2022 invasion. But it never stopped depending on the barrels that Russia freed up elsewhere. Russian diesel went to Turkey, Brazil, Morocco and Egypt. Those countries now have to buy their diesel from the same alternative suppliers that Europe uses. Take 11% of the world's diesel out of the market, and prices rise everywhere, including here.

From DDG search assist;
Quote:
Diesel Exports from the U.S. Gulf Coast in September 2026

In September 2026, U.S. diesel and gasoil exports from the Gulf Coast reached a record 54.2 million barrels. This figure represents a significant increase compared to previous months, driven by various factors including global supply constraints and high demand for diesel fuel.

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