Why haven't gas prices gone down?

Around $3.12 or so in this area at the lowest priced stations and $3.15 at Costco, so more than Kroger at their $3.16 since you always get .03 off on your Kroger Plus membership.
Speedway is already making the breakout move to much higher prices, as high as $3.99, maybe based upon current developments in the Middle East.
 
In a bit of a loop, this is also influencing the conflict over the strait. Strikes were halted until 1 hour after the market closed on Friday and then an announcement of return to ceasefire came through 1 hour before the market futures were set to start yesterday.

Agreed though. If this continues and reserves do start running low, we'll see a lot more volatility in the market.

EDIT: Current US oil reserves stand at 331 million barrels, down from 415 million barrels in February. We consume ~21 million barrels a day against a production of ~13.5 million barrels a day.

We are going to be running on fumes soon.

90% of people are in LaLa Land and believe all the lies……
 
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Here is the curve for traded gasoline. It developed a nice head and shoulders and is now on the way up, reacting to developments.

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About 3 bucks per gallon at Sam's in Big D. Increasing production in the US and Venezuela should keep prices manageable. Maybe a slight refinery bottleneck. State prices can vary greatly because of individual state taxes added to the raw cost of gasoline.
 
I believe the original poster was referring to something like this. Gasoline prices are still about a dollar a gallon more than what they were in mid April. Mods I took this off Gas buddy for a quick review.

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Wisconsin full on speedway affect with our local prices moving from being lower than national averages increasing to being identical .
Parity with national averages is a massive change and a bane to Wisconsin drivers
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Worth noting Kalibrate is finally getting sued, it alone unifies and decides pricing nationwide.
 
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