Gasoline becomes more affordable, just when Americans don't need it

Reuters ^ | March 15, 2020 | by Stephanie Kelly, Jessica Resnick-Ault

[faithhopecharity]

with all the discussion of the oil markets and the possible final thankful death of opec manipulation,
we could overlook the fact
that

this entire virus scare is a conspiracy

... of the toilet paper cartel

[Raycpa]

I swear we should require journalists to take economic 101.

[IronJack]

It’s not a coincidence that gas is cheap now. It’s a matter of cause and effect.

[MeneMeneTekelUpharsin]

Told people I know I long time ago that when fuel prices drop dramatically, all hell is about to break loose. That is a sure sign of economic distress coming. Another thing, a whole lot of foolish people bought perishable food in a panic the last few days, spending precious dollars on items which will rot/spoil before they can consume them. Words escape me.

[meatloaf]

I’m waiting until the oil surplus really drives gasoline prices into the basement to stock up on cheap non-ethanol gasoline.

[ptsal]

Look at AOC. She graduated with a degree in economics.

It’s the instructors who are whacked-out in left field.

[abb]

Journalists don’t do numbers. That’s why they majored in a field that works with words.

[SmokingJoe]

Fake news anyone?
Who are these “Americans” who don't need cheaper gas then?
Bloomberg and Tom Steyer?

[wally_bert]

I would love cheap ethanol free fuel.

[linear]

Weird. It`s as if the price of gasoline is affected by supply and demand. Someone should look into that...

[oldasrocks]

I’m praying for cans of oil to go down to a reasonable level. I’d stock up for the oil changes on all my stuff. Can you remember when we would buy a qt of 30 weight for 58 cents?

[Mr Ramsbotham]

The coronavirus has infected at least 138,000 people worldwide and killed more than 5,000, rocking the global economy....

That, right there, tells you everything you need to know. Mass hysteria, on a scale never before seen.

[LoveMyFreedom]

Agree! Many of these journalist only had the feel good classes and hate America classes nothing of any substance.

[SmokingJoe]

It would appear that the “journalists” at Reuters are paid too much. The actually love higher prices. Maybe we can write to Reuters to reduce the pay of their staff?

[chris37]

Inb4let’sraisethegastax!

[Avalon Memories]

The coronavirus has infected at least 138,000 people worldwide and killed more than 5,000, rocking the global economy.

There are upwards of 7 BILLION people on this planet. Tell me again why this particular virus is closing everything down?

[eartick]

Bull crap if not needed.

I just topped off both of my diesel overheads and saved some major bucks compared to a few months ago.

Think I might go fill up all my gas cans as well.

[Migraine]

Headline: “Low Gas Prices, Just When People Don’t Need It”

That’s basic economics, nutwad. Higher supply, lower demand = lower prices.

[jeffc]

Just filled up @ $1.96/gallon in southwest Ocala. YAY!