Well, maybe not cheap. But just about what it was a year ago. Or maybe even lower depending how you look at things.
10 thoughts on “Gasoline is so, so cheap right now”
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Cats, charts, and politics
Cats, charts, and politics
Well, maybe not cheap. But just about what it was a year ago. Or maybe even lower depending how you look at things.
Comments are closed.
SPECULATORS FLEE
Hedge funds and other money managers built big positions in crude contracts in the wake of Moscow's invasion, but have swiftly exited the market, removing some of the support for oil's rally.
U.S. data shows that hedge funds' net long position in Brent crude contracts is near its lowest level over the past 10 years, and the ratio of long positions to short positions is at its lowest since November 2020.
https://www.reuters.com/business/energy/what-happened-2022-global-oil-rally-2022-12-08/
There really has to be a better way to manage supply and price of a commodity like oil than letting "hedge funds" pump and dump. It's embarrassing for anyone to argue this system is the best since it is such a complete failure, but there you go.
My cousin could truly receive money in their spare time on their laptop. their best friend had been doing this 4 only about 12 months and by now cleared the debt. in their mini mansion and bought a great Car.
That is what we do.. https://profitguru9.blogspot.com/
Regular grade gasoline was down to 2.71.9 along my usual routes yesterday in Albuquerque. At some point, even Chevron will dip below the $3 mark. I can still remember rejoicing when gas broke the $4 mark...
Clearly, bad news for Biden.
My cousin could genuinely get cash in their extra time on their PC. their dearest companion had been doing this 4 somewhere around a year and at this point cleared the obligation. in their smaller than usual house and purchased an extraordinary Vehicle.
That is our specialty. http://www.richsalaries55.blogspot.com/
Gas 2.93 now, going to fill up today.
But oh, diesel.
SUV owners rejoice.
Crime reporting drops, oil prices slide lower and Brittney Griner is released....I wonder if anything happened recently....
Like many boomers, I remember my high school years as a golden age of cheap gas and endless driving. But looking back to 1969, an average price where I lived in the midwest was around 35 cents a gallon. Using the BLS inflation calculator, that is equivalent to $2.81 today. I just saw a pump offering $2.99 gas.
When I consider that the car I drive now gets twice the mileage of the car I drove in high school and is a better, more reliable product altogether, it is probably as cheap or cheaper for me to drive now than it has ever been in my lifetime.
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