Trump Offers Timeline for When Gas Prices Will Start Dropping Again
(www.thegatewaypundit.com)
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That would put it at September.
I am not surprised, because all the BIG stuff will happen in October - October surprise for midterms.
It's starting to drop like a rock when you look at https://www.gasbuddy.com/charts.
Amazing what happens when you have a president that actually cares about the country and not what they can get away with in a "lame duck" 2nd term!
Yes. I check Gas Buddy each day too and it has been steadily dropping by a few cents every day.
Yes, 68 cent drop where I'm at from the peak just over the last 2 weeks. I think we will see a steady drop through fall.
We've also released 58 Million barrels of oil from the SPR in the last two months. That's the only thing keeping the price from truly sky rocketing https://www.spr.doe.gov/dir/dir.html
You're 100% correct, it was not. People seem to be very willy-nilly about it. You never want to dip into it to ease the price at the pump. It's for very targeted strategic war-time use.
Things I think people do not understand about the SPR:
Someone made a great graph last month based on DoE reports:
When does the SPR run dry
TL;DR - At current drawdown levels the theoretical, everything goes great pulling it back out, is Feb 2027. We'll see how much we drawdown in June and the rest of this summer.
It's a bad market feedback loop IMO.
Oh he's getting another term. America will beg him to run once Declas happens.
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California gas prices to go up to like $8 might get voters questioning loyalty to Dems? — Mr. Juan’s (107) thoughts, even up to $$10 if more refineries close ( as they do not mert green refinery standards