Here's a look at recent gasoline prices:
There's really nothing to see. When we started driving less at the start of the pandemic, that reduced demand for gasoline and prices went down. At the start of the Ukraine war supplies of gasoline cratered and prices went up. Aside from that, gasoline has been pretty steadily selling for around $3-3.50 a gallon for the past five years.
Supply and demand: Not just a good idea. It's the law.
Nicely done, Kevin, nicely done. After court, I am doing Christmas cards, (so much work writing these damned things). Watching Captain Blood in the background. But I sincerely liked your post. Merry Christmas to you also. Best Wishes, Traveller
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Watch Joe Biden and the Democratic Party get the credit! Gas prices down, just before the big holiday driving spree!
Not.
Gee, it would be nice if someone would send this chart to EVERY SINGLE VOTER IN AMERICA. Just in case they've decided to vote for trump because THE PRICE AT THE PUMP!!!!!!!
Saudi Arabia is in recession, too, I'm informed, so they're going to be hard pressed to cut production in the near future.
They are not back to normal. They are back to where they were at the end of the Bush's presidency. And that is in REAL not inflation adjusted dollars. That is kind of abnormal.
I drove up to DE from FL and back again last week. Gas prices were under $3 a gallon just about everywhere (a few pricey stations were still a bit over $3 but it was easy to find ones that were not). That's very close to where prices were before the Pandemic.
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