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I swear that you live in the only place in the US where gas prices go down when they go up everywhere else in the country. You post the same thing every time someone says that gas prices went up where they are.
Oh, if the Democrats hold the House, up $.50/gallon tomorrow and another dollar by Thanksgiving.
Unfortunately it's still $1/gal higher than it was pre-covid this time of year.
According to the righties it is supposed to be $7 bucks a gallon, but that dastardly Sleepy Creepy Joe tapped Strategic Reserve and artificially brought them down. Of course, that was at the cost of our "national security".
This is not the same as when Trump took oil out of the reserve to keep prices down in 2019.
Fair question here, Gas buddy is asking about gas prices after the election and once the siphon is plugged on the strategic reserve, which was opened just before the elections to artificially “lower” gas prices.
Gas was well above $5 per gallon on the national average until the strategic reserves were opened. Less and less is now in the strategic reserves since none has been replaced yet. Will gas prices surge to $6 per gallon? Even higher? We’re not talking about the high prices of diesel fuel or the impending diesel shortage.
Thoughts going forward?
He can't continue to drain our "strategic" reserve.
Gas will be up over a dollar by Christmas.
The diesel shortage is another story; it's gonna hurt...and hurt bad.
Short term as in next few months sadly gas prices go up.
Long term assuming a red wave today or even any result where the democrats do not control both chambers of congress, gas prices I think go down as oil companies will start drilling and exploring knowing there is no threat from congress to be hostile to them cause without a dem controlled house and senate, there is no threat to them except on Federal land.
Though question remains how much is Federal land needed as that is all Biden/Harris can control without a full backing from the majority in the house and senate.
How effectively can democrats govern? The answer: they really can't, at least not in a vaccum, so what do you think is going to happen? It's likely energy prices will remain under pressure as long as the blue fairies are in the white house. As of today, I expect draining of the strategic oil reserves to stop, and them to replenish the supply, unless they are truly inept and just let the reserve drain.
its possible it could actually go down. Oil markets are speculative on the future and if the Repubs take full control except for the White House and even if they just take control of the House it might indicate that the War on Oil will grind to a halt without the Dems being in full control causing less worries about future attacks on the industry and speculators will not be buying up Oil stocks counting on shortages in the future. I own a decent chunk of USO which is down 2.75% today so far while the market is up. Might not mean anything since that stock has been fluctuating like a seesaw over the previous months but we will see.
Most everything went up including wages, so why not gas?
Probably because once you remove the fixed amounts of federal and state tax, the price of gas itself went up 45% or so.
Inflation around 8%.
I'm not following your point.
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