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Up until a week and a half ago, I was paying between $1,79-1.90/gal. Now, the cheapest is $2.05. This boneheaded policy with Venezuela is going to hit our pocketbooks as we get closer to Summer. Thanks Trump!
Actually the prices for crude oil is set by OPEC...and the supply is set by those countries...the US is not a member of OPEC. So Trump has no control over the world price of crude.
Another factor to be considered is your state gas tax.
Back to topic. OPEC hasn't "set" crude prices since at least 1981, if they ever actually did. I'm doubtful they ever did.
Up until a week and a half ago, I was paying between $1,79-1.90/gal. Now, the cheapest is $2.05. This boneheaded policy with Venezuela is going to hit our pocketbooks as we get closer to Summer. Thanks Trump!
$2.05? How do you survive? Come to California. Highest gas taxes in the nation. Cheapest in my 'hood is over $3.00.
Hmm. I'm paying less than $2.50/gallon for premium for my Merc. I remember paying $4.35 under Obama.
Sure seems good to me under Trump.
Democrats complain about everything.
Even though I didn't like Obama, the $4.35 numbers were actually during June-August 2008, which was while Bush was still President.
Edit: The April futures for unleaded gas has actually dropped about $0.05 since Friday. It had been as low as $1.23 from a high last summer of about $2.25, but most of that decrease and the subsequent increase has not been passed along to consumers. I don't have a good feel for where things top out for the summer season but my guess is about $0.20 lower than last summer.
Gas prices are really low... there's room for it to rise.
Agreed. I don't get alarmed about gas prices until they're north of $3.00/gallon. Even then, odds are it will be a temporary inconvenience, and I'm not going to be running about with my hair on fire like so many others.
The reason? Inflation. To illustrate: That $2.25 per gallon gas you bought earlier today required the same purchasing power, on an inflation-adjusted basis, as the 98-cent gallon of gasoline you bought in 1986.
In 1986, the motoring public was deliriously happy to pay only 98 cents per gallon, because only six years before, in 1980, they had been paying $1.89/gallon, which is equivalent to $5.81/gallon in 2018 inflation-adjusted dollars.
Let's face the facts: Gasoline is pretty inexpensive today, whether or not the price has increased a few cents per gallon in the recent past.
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