Something is bothering me- Why have gas prices really dropped?
🗣️ DISCUSSION 💬
It makes no sense afaik, unless Patriots are in control and something devolution-like is going on. Let's hear it peeps.
Living in a large petrochemical area with some of our national reserve tanks close to me, I can tell you, they're empty. Biden used every bit of the strategic reserve to artificially lower gas prices. The same tanks that DJT filled up. Get ready, because if dims get their way, they'll stay empty and pump prices are going to soar!
Part of my job is overseeing that process in my state, the ones in my state were refilled recently by Feds at 2.79 a gallon.
Thank you for actual insight and not your best guess spoken like it’s truth.
Im in Texas. The ones by me are completely empty. Guy I work with is a pilot and we flew over them. Floating roof on all tanks are bottomed out. Glad they've refilled them where you are.
IMHO, it is to distract us from food prices going up astronomically. There continues to be unprecedented number of food processing plants, grain storage facilities, and other food plants being destroyed by fire and explosions. Across the country with the alleged 'bird flu'(So 'They' say), millions of chickens have been ordered to be killed. The government does not include food or energy as part of core inflation. This is the hat trick being used here. If it is an "act of Nature" like droughts, floods, and fires (explosions) that causes the price to go up, it isn't considered inflation.
IMHO, I think it is all a preconceived plan to create food shortages. Can anyone also recognize the reported fertilizer shortages? Or government dictates against Nitrogen as justification to confiscate farmer land? Or the continuing government harassment against Natural grown food producers? Just as the paper manufacturing companies orchestrated a 'toilet paper' shortages as a result of orders from Black Rock and Vanguard limiting transport shipments, we are seeing similar actions here.
Ask yourself-- What does this mean? Is the purpose of this the 'tip-of-the-spear' to lock-in our recognition of more fall out? Another form of Kharmic retribution? In other words, a foresight to more of this to come?
Buy local. Do not support the corporate grocery chains. Buy farmer direct if you can. Enjoy the gas prices while they're artificially low.
What is bothering me, is this is the second post I have seen wondering why gas prices have "really dropped," when they really haven't and no one remembers $2/gal....under GEOTUS....wtf.
Not everyone saw prices that low under Trump. Here is East Tennessee, gas prices never dropped under 2 dollars.
In Ohio, under a Trump $1.89/gallon.
what are your local taxes?
Possibly you have forgotten...
Tennessee's state average gas prices reach the highest price since March DEC 28, 2020 AT 11:34 AM BY WGNS
Nov. 2020
Chattanooga $1.893 Knoxville $1.856 Memphis $1.943 Nashville $1.896
https://www.wgnsradio.com/article/65421/tennessees-state-average-gas-prices-reach-the-highest-price-since-march
That's a big factor here. One local county is usually at least 30 cents a gallon less than in the other counties and the one city nearby. The difference is all local taxes. Now go look at what nearly 70% of that local money goes to in your home local county, town and county (in my state you pay both county and town taxes if you live in a town) or city.
"Now go look at what nearly 70% of that local money goes to in your home local county, town and county".....what is your point?
You had stated your gas prices were never below $2.00...are you still confident in that?
I live in Illinois and over 70% goes towards public pensions of six figure lifetime retirements for teachers....
I never said gas prices here were never below $2. In fact I never mentioned gas prices other than to say one locality was usually at least 30 cents less, responding to your post about local taxes. That county has lower local gas taxes. I have no idea where you got that I said gas prices never went below $2 because it's not there. Do you have a reading disability?
And you got my point about where most of local tax revenues go - to local public schools in one form of spending or another. I left out the part about checking to see how average teacher salaries compare to the average salaries for everyone else in your locality. Most places here teachers' average salary is double what average salaries are for the entire counties or city.
You you chimed in after matheletes foot….got you two confused…apologies. “ Do you have a reading disability?” Apparently….Kek.
I responded to mathelete about local taxes, then you responded….I didn’t catch that you inserted yourself into the conversation…
I swear. Really. This is my third time trying to respond. The computer ate the other two. I wasn't being sarcastic. I really thought you had a reading issue. Local taxes always boil down to paying for lavishly expensive (and mostly failing) school systems churning out adults who don't have the basic skills to get a job. Anyway, hope you're having a very merry Christmas. I just made a humongous meal and am now going to vegetate.
In high-cost Commiefornia, we saw $2.25 under GEOTUS, and we have the most expensive gas in the country
I watched Die Hard yesterday and regular gasoline was 74 cents a gallon in Commiefornia back in 1988. The unleaded was 77 cents.
77 cents was 1.90 at the time.
Partly seasonal...fewer people are driving, the economy is worse than the White House will admit so fewer trucks are moving, Biden is quietly moving oil from our strategic petroleum reserve to be refined.... any number of reasons.
But one reason you can actually LOOK for is to watch the interstates on any Thursday. That is historically the day that is heaviest in truck delivery traffic. If you observe fewer trucks on the interstates on a Thursday, that is an indication of the real economic activity. Fewer trucks, less gas / diesel consumption.
Less people flying is also a major reason for extra supply being available. I've read once that air/rail/OTR trucking account for 90% of transportation fuel consumption.
Entirely possible, but one thing a lot of people don't know is refineries usually make many different products. They could make gas, diesel, airplane fuel, asphalt, naphtha, propane, butane, fuel oil, kerosene, wax, tar, coke, other oils, and various other chemicals used in petroleum products. What they make depends on the crude they use, and the price points of the products they produce (among other things). If gas is higher-priced than jet fuel you can bet they will produce more gas.
yes, patriots are in control, and that's how President Trump knew it would get colder. it's a psychological war & they're 'draining the swamp'...
also think it helps to know how that works; what happens when a swamp dries up/think of the process that takes place/explains all the back and forth/stirring things up.
Winter blends are cheaper.
Keep this in mind. The other side knows what we are trying to do as well.
They control the system.
I do not think they are going to let Hyperinflation happen anytime soon.
They can control the system enough to slowly put in their CBDC. They are already putting in QR code shopping in the DC area.
If the whitehats thought they could force the deep state into a situation where hyperinflation was going to happen.
I don't think that will be the case for a while.
They can keep up the econ long enough to prevent the white hats from making a move.
Wtf I just paid 3.79, what are you buying organic quail eggs?
Following up on this, I just went to a Harris Teeter in NC near my daughter's house and I paid 3.29, FIFTY cents less than a few days ago.
I bought exactly these: https://www.harristeeter.com/p/harris-teeter-large-white-eggs/0007203663220?fulfillment=PICKUP&searchType=default_search
So again, are you buying organic quail eggs?
Did you look at the lake I sent? The eggs are literally $3.29 a dozen
Don't pay extra for supposed free range eggs. Those chickens are not free range and only sparingly, maybe, allowed to have a few minutes out of a cage. Don't pay more for orange yolks. Unlike non-factory chickens who can peck around in grass and eat bugs, those orange yolks are from feeding them marigold flowers. If you're buying store bought, just buy the cheaper store brand.
Are the eggs gold plated? The local Food Lion charges less than $3.00 a dozen.
Prices are getting back to reasonable here in Ontario for reg gas, however diesel is 60 to70 cents per liter more which continues to drive inflation as most goods move by diesel.
Here in Orlando ...
price per liter?
Hmmmmmmmmmm
Roughly 3.6 liters to a US gallon. So diesel is $2.36 - $2.52 more then reg gas
Reg gas considering the exchange rate is around $3.50 US dollars per us gallon.
Diesel is probably about the same after the exchange rate here. Diesel in East TN is ~$1 more per gallon than reg unleaded.
I was always under the impression that diesel is a byproduct of refined crude to gasoline making it much more inexpensive to produce. Things that make you go hmmm.
You are correct, should and always used to be much cheaper then gas.
In a capitalist system, prices are set by supply and demand.
Unfortunately we aren't living in a capitalist system
Correct...this is crony capitalism. When a liberal says "the president can't control the price of gas , those are individually owned companies" I respond with- You can't regulate the land leases we use to get oil from, the equipment we use to retrieve the oil, the chemicals we use, the transport vehicles, the refineries and the labor--then say the president has no control over gasoline prices.
It may be a set up for the BOOM.
Patriots are in control. This is rhe calm before the storm. Prices WILL go up much more than before. I don't know when but probably within 6 months.
Ask OPEC. There isn't anything abnormal happening honestly; they fluctuate fuel prices and negotiate with SA all the time to keep psychological and market control over the situation. And of course, to influence political opinion. I don't think this is WH operation driven.
Letting supply dwindle. Just like draining the strategic reserves just to sell it to china.
I places around me the mid and plus grades are being offered for a penny less than the regular. I'm thinking people aren't consuming b/c they have barely any cash for anything extra. They are at risk of the higher grades spoiling and have to sell it cheap.
My bet is on White Hats being in control of oil prices. Not a stretch seeing that they’re in with the Crown Prince.
I want to know why gas is cheaper in California than Nevada. Just got back from the Bay Area and for the first time I didn't look for a "cheap" gas station since it was all much cheaper than back home in NV.
Gas has dropped a little here in northeastern NC, but diesel hasn't. Diesel is now $2 a gallon more than regular, when diesel in the old days was cheaper than regular. There's a decent supply of gas and slack demand, so the price went down. Diesel is in short supply, and demand hasn't changed much, so the price has remained high, in the $4.60+ range.
The cheapest gas here in the last several years was April of 2020, when the virus crap caused demand to crater. $1.69 was the lowest I paid on April 20, 2020.
Gas was even lower February 11, 2016, almost a year before Trump, at $1.54 per gallon. Gas was in the lower to mid $2 range for Trump's entire term.
I keep complete records of every drop of gas I buy. I wish everyone did.
TLDR; it’s temporary and complicated
I believe it to be temporary; recall when oil went negative? This should be impossible in the commodities market- however it demonstrates the absurdity of the “market”.
In reality there is the “paper” market, and the physical market. People who invest in metals, and to a lesser extent equities are aware of the difference.
Because of the obviousness of the pending pain, as the price of delivered oil rose, the paper market began to bet bigly on more rises. These “bets” in commodity markets are based on the physical delivery of the underlying, having a lot of people purchase options to buy with no intent or even capability to accept delivery results in a pretty easy margin call forcing.
When the bullish bets have been culled is when we will see physical scarcity return; and prices rise. Also gambling liquidity is low (less speculation); and people are poor, so they aren’t consuming as much.
Biden’s plan was to re-open purchases with Venezuela, you know the communists that we shut off years ago?
noticed that as well...haven't had much time to ponder the reason...