Posted on 03/15/2020 5:37:51 AM PDT by Oldeconomybuyer
NEW YORK - At two gasoline stations in Scarsdale, a wealthy suburb of New York City not far from one of the nation’s worst outbreaks of coronavirus, attendants whiled away the minutes on a rainy Friday morning at what would normally be their busiest time of day.
“We’ve had one or two customers - that’s it,” said Julio Barrios as he sat under an umbrella at the full-service Shell station in downtown Scarsdale. “For more than a week, business has been slow.”
The coronavirus has infected at least 138,000 people worldwide and killed more than 5,000, rocking the global economy.
As cases steadily grow across the United States, Americans are cancelling road trips, running fewer errands and finding they don’t have to drop their children off at school following widespread closings.
The irony is that drivers are parking their cars at a time when gasoline is more affordable, which usually spurs more driving. The average price for a gallon of gasoline is $2.28, lowest since 2017, according to the American Automobile Association.
The United States consumes more than 20 million barrels of oil and petroleum products daily, the most worldwide, and motor gasoline accounts for nearly half of that, at about 9 million barrels a day. But the coronavirus outbreak’s effect on driving activity is expected to be drastic.
“We would estimate commuting and leisure driving will be down up to 50%, with most impact in the northern states where the virus spreads faster now,” said Per Magnus Nysveen, senior partner at Oslo, Norway-based energy research firm Rystad Energy.
(Excerpt) Read more at reuters.com ...
I love cheap gas.
I’m gonna drive around today just to use some up and help out my fellow Americans in the petroleum industry.
Yesterday our local prices were the same as they were over a week ago.
Amen brother.
MAGA
It’s $1.79/gal for 87 octane E10 here in Indiana.
I’m thinking this is close to the bottom for now.
*Sister
Hammer down and MAGA
:D
It’s the end of the World, the Apocalypse, Civilization as we know it, etc. and we’re all going out with poop on our butts and no coffee,whiskey,wine, beer,sports,or toilet paper. Don’t ya know?
BTW wholesale gasoline April futures price is at 89.92 cents. if that holds there will be $1.45 to $1.55 per gallon at the pump for 87 octane regular gas here in the Texas Hill Country. YMMV. But since it’s the end of the World, we won’t be able to use it.
$2.00 here. Love it!
2.12 in western MD.
Not far over the line in VA it’s 1.90.
OMG I can’t wait to get my Mag back.
Gasbuddy was showing a couple at 1.40 in Texas the other day but it went back up. Maybe a local “gas war”
Two girls wrote this. They were not good at math, so they went into journalism.
Part of our problem in California are all the green laws requiring expensive additives to winter gas and summer gas and the final prepping before we buy it.
Also, Californicator has a sales tax based on the price per gallon.
So there is never any push/urgency at the state level to reduce the price of gasoline to the gas buying citizens.
Thanks, I’m sending this to fellow Californians.
Our local gas price in spite .of what is happening elsewhere has been stuck at the $3.25 level for a couple of weeks
Californians can feel good knowing their state Cap N Tax is helping Mother Gaia.
“Wonder why they call it the Indianapolis Motor Speedway?”
Myownself has no idea.
Same reason as the Charlotte Motor Speedway.
A bunch of country boys with little edumacation outside of building engines and running shine is one thing.
“Journalists” writing “news” for a living should know the difference.
There are upwards of 7 BILLION people on this planet. Tell me again why this particular virus is closing everything down?
Take a trip down any posting/thread by the freepers telling us 24/7 that all of us will die and Trump is evil and dumb and wants to kill us.
Harlan Fengler, longtime USAC chief steward curmudgeon at Indy, used to go nuts when a racer said they “blew a motor”.
He’d say it’s an engine, NOT a motor.
Jim Hurtubise told him: Well the track isn’t in Indianapolis, it’s in Speedway. So why don’t you call it the Speedway Engine Speedway?
My wife has relatives back in the mid west, and those who know the gas market are saying after Easter, the $1.50/gallon level will be reached.
Californians can feel good knowing their state Cap N Tax is helping Mother Gaia.
Yes, we can thank Mother Gaia for all of our high taxes in Californicator Land.
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