Gas prices have gone down, since Trump's re-election.

local observation | 11/9/24 | Dallasbiff

[DallasBiff]

Gas prices going down. Vanity

[DallasBiff]

Last week, before the election, the avg. price of a gallon of gas, where I live was $2.68, now it is $2.35.

Flame away at the anecdotal evidence.

[Morgana]

I’ve noticed this too

[ruiner]

Let’s be honest, gas hasn’t been exactly been high the past few months anyway.

[WASCWatch]

Gas prices have been lower because the economy sucks right now. Lower demand for fuel = lower prices.

[CatOwner]

Let’s be honest, gas hasn’t been exactly been high the past few months anyway.

Same here in Central Texas, but it's been flying around anywhere from $2.29 to $3.19 and mostly in between. Noticeable price changes come weekly and sometimes a few times a week. A week ago, it was $2.35. Thursday, it was $2.84.

I can't complain too much. Back in California, prices would spike upward at the drop of a hat, but they would drop at a snail's pace. At least here in Texas the price drops occur almost at the same rate as the price increases.

[Az Joe]

Yes, by Thursday night gas prices near Phoenix went from $3.35 down to $3.15.

[Red in Blue PA]

This is true.

But it is also true the market is going to start pricing in an increasing supply from the drilling about to occur.

[Flaming Conservative]

Dems will take credit for it, anyway.

[ChildOfThe60s]

I could be wrong on this, but had they not still been drawing the SPR down during the campaign? Albeit at a slower rate?

Still, gas futures are volatile and Trump’s election could have a euphoric effect on trader’s expectations over the coming months. Don’t see how it could happen this quickly, though.

[lurk]

Under the SCOTUS Chevron ruling, can’t the gas companies exert their right to more freedoms if the govt agencies choking them do not have congressional commission to regulate?

[Theoria]

Part of that has been the rise of the dollar since Oct, China economic weakness and the realization that Iran is a paper tiger and the threats in the ME simply aren't there with oil prices.

$40 barrel oil wouldn't be a surprise in the future. Not that domestic producers would be happy with that.

[Uncle Miltie]

WINNING!

[Sacajaweau]

Let it go down. When Trump takes Office....Fill up the reserve.

Biden doubled the cut the government takes when gas/oil companies are working on Federal Land. Let's get that turned around.

[WASCWatch]

That will take at least six months. The Keystone pipeline will also take about that long.