https://freerepublic.com/focus/f-news/4089990/posts
Posted on 09/07/2022 9:57:44 AM PDT by The Louiswu
Gas prices are coming down slowly here in East/Central Illinois and while they are still well above prices two years ago they are down a great deal from their high of $5.99/gal a few months ago.
I'm curious as to why that is and do you think they will continue to fall thru the end of the year, as a bonus question, will they go back up after the elections? Thanks!
Recession
Demand destruction.
Mid-terms.
Diesel prices are going up, up, up -- and consumers are paying for that at the grocery store.
because the dems think it will help come november.
Stagnating economies aren’t good for oil prices... which are still nearly double.
Black Market oil found its way into the supply chain.
check any chart
the line zigs and zags while it trends up or down
think gas is trending down?
https://freerepublic.com/focus/f-news/4089990/posts
Ours are $3.19 at Wal-Mart today for regular and $3.29 at BP. Midterms coming up so prices are going down. While I’m glad they are down, I won’t celebrate until they are under $2 like they were with President Trump.
I saw the chart of the SPR volume a day or two ago. That bastard has emptied it to buy votes. So much for defense readiness.
The bastard tries to buy votes by dumping 400 million barrels and buy paying off a trillion dollars of student loans. You can’t accuse them of thinking small.
Wake me when they reach $1.99 - $2.09 again...
Then I can stop cussing when I fill the car (20 gallons) or the van (30 gallons) or the bass boat (24 gallons)...
The price is going down (now $3.85 around here) ONLY because the communists need the bragging points for the 2022 election...
IMHO, it will be back, higher than ever, after the elections no matter the outcome...
Sell-off of more than half of Strategic Petroleum Reserves (SPR).
Gasoline Prices to Rise to $5 by Year End; SPR Releases End Just Before Election
https://www.instituteforenergyresearch.org/fossil-fuels/gas-and-oil/gasoline-prices-to-rise-to-5-by-year-end-spr-releases-end-just-before-election
By the end of Dec. look for $5+ gal. of gas.
This is purely for the elections. All the bad policies are still in place driving up prices.
There may have been less demand due to higher gas prices for a while but as prices come down the demand would go up signalling higher prices. The short version is it’s being manipulated.
Just basic supply-and-demand economics.
Demand is dropping as the economy drops. Thus, prices adjust downward to create more demand. But consumers are not buying it due to higher prices on other goods.
When will oil prices go back up? When OPEC+ decides prices are too low for their purposes, they’ll decrease supply and up go prices.
$3.44 on average here in SE Virginia.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.