Gas Prices Fall Below $4 a Gallon. Is the Worst Over?

Daily Trade Alert ^ | 08/12/2022 | by Emma Newbery, The Motley Fool

[Jonty30]

M\y essential understanding is that oil companies are just working the wells they have to their potential. They aren’t doing much exploring, thanks to Bidon and crew.

This relief might only be temporary.

[MinorityRepublican]

It’s hurricane season so we should see a hurricane or two hit the Gulf so that will cause the prices to go up some. It may happen as soon as two weeks. The price is already high at this point.

[867V309]

November 9th, expect a big jump to 10 bucks a gallon.

RIGHT!!!          Wait until the dumbocraps have done all the damage control they can before elections, then watch prices rocket!

[frank ballenger]

Regardless of what we want there is a big propaganda thrust that Biden is now a confident giant, a hero, the man who brought down gas prices and so on. What GOP pays millions of dollars to get in advertising the Dems get daily for free.

People had better turn miserable——fast——or we are doomed politically. I believe food prices will still hurt the Dems despite the propaganda.

[july4thfreedomfoundation]

That’s impressive!

I wonder who the president was back then? sarc/

[MinorityRepublican]

M\y essential understanding is that oil companies are just working the wells they have to their potential. They aren’t doing much exploring, thanks to Bidon and crew.

Even if Trump wins, the oil companies will only get four years of favorable economic conditions for them to pursuit oil exploration. So they are not going to go for it because they are pricing in that we are going to switch to EVs in the long term.

[stylin19a]

just went back up here...

[griffin]

Until after Nov...then LOOK OUT NELLIE!!!

[tallyhoe]

Remember Biden is hitting our Oil Reserves.. 1 million barrels a day.

[stars & stripes forever]

It appears some states are giving tax holidays on gasoline. This will cause the price to dip, but it is a superficial drop that will increase as soon as the election is over.

[Ex gun maker.]

If it goes like the “Shake every nickel from every pocket” bill that passed today, $10.00 gas is likely.

[SaveFerris]

Is the worst over?

NO!!!

[dragnet2]

I’d guess Israel has enough nukes to take out Iran, and a good portion of the Mideast if they wanted to.

[Zack Attack]

Post-elections this fall will correct the recent small price drops in gas...

[clearcarbon]

"Is the Worst Over?"

Is the SPR empty yet?

[basalt]

went up over 25 cents over night here in Detroit..back to 4.00....even when it was 3.60 last week, thats still the highest ive ever seen. Before that was 3.50 after Katrina in 2005..

[PghBaldy]

Years ago, I read somewhere that what determines gasoline price election effects is what the price was in May of the election year. Not sure if valid or not, but late May is unofficially the start of Summer...

[CJ Wolf]

Well I heard that if the Redskins win a republican will be elected president But I guess that was a long time ago thing. I don’t even really think there are any redskins left for that to even be a thing these days.

[Irenic]

*snort*

[Iowa Slim]

Watch the price of gas to know your cost of driving. Watch the price of diesel to gauge the cost trend of everything else.