Why haven't gas prices gone down?

[Zee09]

TBH this whole conflict seems like a nothing-burger.

A blip in gas prices, a lot of headlines and speculation. But no real consequences for North Americans.

Life goes on. As long as we get the next iPhone, the internet works, and fast food is cheap, I think the majority in the US won't care. If you didn't read the news, besides some sticker shock at the pump, it appears that there was little to no impact for anyone.

The military learned a few lessons and likely tested some new techniques and equipment.

Iran for the most part, besides getting a beatdown and having their leader vaporized, will recover slowly. It's not hard to ramp up drone production and harass maritime traffic.

The problem is, that most Americans and in the EU don't realize or care, is that the regime is bent on literally causing nuclear war. Nuclear war is a means to an end, and is what they envision as what will bring back the "al-madhi" or some prophet. This guy only shows up in time of great conflict and will assist in destroying the Israel or whatnot. Did the bunker busters buy us some time? Maybe.

Overall I think this operation was important, and we'll see how successful it is if there is any change in the regimes leadership and behavior. The IRGC seem to be a faction not listening to the formal gov't and might have to be dealt with again. Hopefully they can be reigned in. We'll see.

I'm really tired of their blather
I have news fatigue...trying to keep it clean.....

 

[Rmay635703]

My understanding is we cannot get all of it out even if we needed it. I have heard anywhere between 200 - 150 is the bottom, depending on who you want to believe.

Only top quality crude is placed in the buyer of last resort.

FIFO and circulating the brew has not been a priority so 2/3’s of what is left would very likely require mining to get it out.

It’s said to just be sludge and probably similar to asphalt.

Should have been removing the bottom layer for asphalt all along and we wouldn’t have this situation.

I'm really tired of their blather
I have news fatigue...trying to keep it clean.....

Most folks fail to realize to immense and extraordinary stretches many entities have gone to, to prevent immense failure and disruption to everyday life.

Right now there are a fairly large number of people worldwide who have lost “energy access” and access to various chemicals like fertilizers, up to and including entire nations without access.
What I’m writing obviously “looks bad” so domestically you won’t hear about it
, beyond a little blip that Mericans should drive less and not fly (from a very unexpected source you would never expect) our media isn’t going to talk about possible upcoming events, that look bad even if likely. If we get hit by rationing you won’t know until after it happens.

Worth noting the LDS has increased food production and distribution by millions of pounds in 2025, and is increasing that number again, this year for …. Reasons.
They are also more strongly encouraging all members to increase the size of their gardens.

These extremes alluded to and listed above remain invisible to everyday people until they are affected, we no longer live in an environment where you are going to get a full picture of what is actually coming from the usual sources.

I recommend like many others to possibly throw away some money on a rather significant amount of shelf stable rice and beans, alongside other shelf stable items.
I am not an individual who would ever tell anyone to prep as in the past it was a stupid take but at the moment it isn’t.
I’m not to the point of setting up a way to store water, mainly due to where I am but others are doing that as well for … reasons… that historically did not exist here.

We are in the proverbial calm , eye of the storm, hundreds of unprecedented events that would normally be front page news are being completely ignored because there is too much nonsense everyday for media or even individuals whose job it is to stay aware to keep up.

 

[Snagglefoot]

Here is where gasoline prices originate. It is a traded commodity on the CME ( Chicago Mercantile Exchange). The trade price is just below $3.00 per gallon. The traders got to trade. Mods , here are two screen shots to show the traded price.

 

[Snagglefoot]

If you want to bring down the price of gasoline, you need to convince the traders you really don’t need gasoline. Is that happening?

 

[RDY4WAR]

I filled up at Sam's Club yesterday. 26.4 gallons of 93 @ $3.899/gal

 

[Analog-1]

3.90 a gallon here in SE Michigan.

 

[BigCahuna]

If all you were buying was oil, and the price dropped $20 a barrel today over yesterday's price, that's the price you would pay. But once the oil enters the refinery and begins being transformed in to gas, diesel,heating oil, jet fuel, and a million other products, the price you pay will be for a finished product. And when the price of oil drops, and stays stable for a few month's, you notice the price of all those products I mentioned will drop also. So if the price of oil starts off high, everything associated with it will also be high.,

 

[Tdbo]

Taking the discounts wherever I can get them.
Just stopped at the Duchess ( The local purveyor of much of the local BP fuel) and took on a load of RUG for the pickup, because it just so happened that I had .60 cents/gallon of discount handy.
So: $3.69/gal - .60/gal discount - 4% PNC CC rebate = $2.96/gal.

 

[Owen Lucas]

Maybe a little OT but, if the IRGC continues to harass neighbors with cheap drones, and they have to spend mega $$$ shooting them down.

Wouldn't a good deterrent be just sending over your own cheap drones into their airspace?

I guess this could lead to escalation but at least it's not sitting back watching your air defense work for nothing, put theirs to the test too.

 

[Zee09]

If you want to bring down the price of gasoline, you need to convince the traders you really don’t need gasoline. Is that happening?

Here people aren't out and about and food prices etc are all putting a hit on them and utilities. Gas stations are doing limited business but right now the issue is uncertainty with the stuff we can't talk about...

Instead I wonder what @AutoMechanic is going to eat tonight.

 

[Analog-1]

Instead I wonder what @AutoMechanic is going to eat tonight.

Ramen noodles.