I filled up at Circle K for under $4 a gallon yesterday

[Williamhbonney]

Originally Posted by Ponderosa

It's the fastest drop in gas prices in over a decade and it is still going on today after a big build in crude inventories. And the shocker - gas consumption is down nearly 9% from last year which was not a great year to begin with. As I love to say, the cure for high prices is high prices. Arizona should see a sharper decline as the summer blend requirements fade away. $3.50 is in view and it could go lower by November - pretty much back to the lows 3s where we have been spending a lot of time. Now, the dark cloud out there is hurricanes.

Yay $3.50!

I don't think so. Don't **** down my back and tell me it's rainin'.

[john3232]

If I recall correct when I moved to Mesa in early 2019 regular gas was under 2 bucks a gallon.

[RocketDawg]

Originally Posted by glass_of_merlot

I paid $3.74 at Costco , Pleasant Prairie Wisconsin.

$4.06 for me at Costco for premium. I think regular was $3.45. And it's top tier gasoline.

However, we shouldn't think of these numbers as a bargain. It only seems that way on the surface beause it was a dollar more just a couple months ago. Rember that it's still over a dollar more per gallon than a year or go, and about two dollars more than the low point during the height of the pandemic when driving was way down.

Diesel is still off the charts. I don't see how truckers manage to make ends meet. And I know of a few people who bought diesel cars because of somewhat better mileage.

[RocketDawg]

Originally Posted by rcarbuilder

Just filled at Circle K for 3.75 a gallon using Fry`s points and my just tuned vehicle is having idling issues. Not buying any more cheap junk gas. Chevron has the cleanest with the Techron added and then Shell is 2nd. Better to pay more since the mpg`s are usually higher with a better fuel. They sold off most of the US strategic reserves to lower it a few pennies. They are also motivated to get the prices on oil and homes down since COLA increases are calculated in the 3rdQ.

That's for sure. Stick with top tier. Texaco and Chevron are the same, so either is good. I use Costco because it's a dollar/gallon cheaper but still top tier. I've had no issues with engine performance using their gas.

Gas prices are coming down primarily to try and win the midterms. Buttigieg says he likes the public to feel the pain so they'll switch to EVs.

[DetroitN8V]

Originally Posted by RocketDawg

$4.06 for me at Costco for premium. I think regular was $3.45. And it's top tier gasoline.

However, we shouldn't think of these numbers as a bargain. It only seems that way on the surface beause it was a dollar more just a couple months ago. Rember that it's still over a dollar more per gallon than a year or go, and about two dollars more than the low point during the height of the pandemic when driving was way down.

Diesel is still off the charts. I don't see how truckers manage to make ends meet. And I know of a few people who bought diesel cars because of somewhat better mileage.

Compared to the rest of the planet, our prices are a bargain.

[waltcolorado]

Interesting looking at the price of crude oil here https://tradingeconomics.com/commodity/crude-oil

Russia invaded Ukraine Feb 24 2022 and within about 10 days, the WTI crude oil price had jumped 33 percent. The price oscillated somewhat before starting to drop early in June and is now about what it was before Russia invaded Ukraine (around $89/barrel). Spread the time frame out and look at the price near April 2020 near the height of the lockdown.

From the link above

WTI crude fell below $90 per barrel on Thursday, the lowest since February when Russia invaded Ukraine as investors are coming to terms that higher interest rates and the global economic slowdown will heavily impact the demand. EIA data showed that US crude stockpiles grew by about 4.5 million barrels last week despite expectations for a 629,000 barrel decline. The same report also indicated that Americans are now driving less than they did in the summer of 2020 despite pandemic restrictions during that period, with surging inflation continuing to weigh on demand. Meanwhile, OPEC agreed to raise oil output by a meager 100,000 barrels a day in September and warned of “severely limited” spare capacity, in a setback to US President Joe Biden’s attempts to convince Arab leaders to boost production.

Also interesting is the price of Lithium.. https://tradingeconomics.com/commodity/lithium

This is more about the Chinese market but interesting that the price of Lithium has increased by a huge factor of 5 times since mid 2021

[Burning Madolf]

Originally Posted by waltcolorado

Interesting looking at the price of crude oil here https://tradingeconomics.com/commodity/crude-oil

Russia invaded Ukraine Feb 24 2022 and within about 10 days, the WTI crude oil price had jumped 33 percent. The price oscillated somewhat before starting to drop early in June and is now about what it was before Russia invaded Ukraine (around $89/barrel). Spread the time frame out and look at the price near April 2020 near the height of the lockdown.

From the link above



Also interesting is the price of Lithium.. https://tradingeconomics.com/commodity/lithium

This is more about the Chinese market but interesting that the price of Lithium has increased by a huge factor of 5 times since mid 2021

Like a smooth version of the coal chart.

As for gas, now the real fun starts as futures hit pre-war prices.