Costco or Sam's Club will be your new best friend...Helpful. I also just realized premium is $1 more per gallon in my market. I think I'm just gonna get a Prius!
As the president said, "drill baby dril." Gas will be $2.15/gallon in 3 months. You'll be ok.
I can't wait!
Wish I can see those prices here in CA!
What makes you think they will pass any savings on to consumers?
They won't. Money is not in the oil, it's in the refinement.
Exactly they won’t
Um No. you’re failing to understand greed.
Yeah the thing here is that there's no incentive for them to charge less, regardless of what the cost to them is. They've seen what the market will bear and they'll keep prices there.
That's adorably simplistic. Your clear bias aside, oil and gasoline prices are not tethered to one another. Gas (a refined product) pricing is only impacted by supply and demand in the most extreme circumstances (like pandemic). There are many other forces at play in that industry. Why does fuel get cheaper in election years? Demand doesn't change but prices do. Tons of books (its like Facebook but on paper and without click bait) to learn about elasticity and inelasticity. It's fun to throw opinion stones and takes just so much work to learn and be educated.
That's adorably simplistic. Your clear bias aside, oil and gasoline prices are not tethered to one another. Gas (a refined product) pricing is only impacted by supply and demand in the most extreme circumstances (like pandemic). There are many other forces at play in that industry. Why does fuel get cheaper in election years? Demand doesn't change but prices do. Tons of books (its like Facebook but on paper and without click bait) to learn about elasticity and inelasticity. It's fun to throw opinion stones and takes just so much work to learn and be educated.
In regards to political party influence, I'd imagine your referencing fuel taxes and yes tend to be higher in states that use those taxes to fund infrastructure projects. It's the yin and yang.
Now show me on the stuffed bear, where the mean Democrats hurt you
Gas never went above $2.25 for regular during his first term because they were drilling and using American oil. He's not going to drill so ExxonMobil can get richer. They already make a billion a year. You'll see. Gas prices are 3 months behind what is happening so I would guess by May, June we will see gas in the mid-twos.
The US is currently producing more oil than at any other time in our history. The oil companies are experts at price manipulation and if anyone thinks they aren't going to protect their multi-billion quarterly profits you're kidding yourself. They raise prices and we continue to give them $750B/year in subsidies courtesy of the US taxpayer.
