Why haven't gas prices gone down?

[Analog-1]

3.83 In SE Mich.

 

[fdcg27]

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.

 

[Dave Hess]

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……

 

[Snagglefoot]

Here is the curve for traded gasoline. It developed a nice head and shoulders and is now on the way up, reacting to developments.

 

[FZ1]

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.

 

[Rmay635703]

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.

View attachment 346241

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

Worth noting Kalibrate is finally getting sued, it alone unifies and decides pricing nationwide.

 

[Dinoburner]

The fuel industry is a for-profit industry; they are not your friend.

And profits are sacred.

 

[JeffKeryk]

Rag can be had for $4.86 in 2 places, Costco is $5.10 and $5.50 for 91*. Most cheapie stations are about $5.30ish and up.

 

[Snagglefoot]

According to Gas Buddy the average USA gas price in the USA is on the way back up, maybe momentarily. Mods, I added a screen shot from Gas Buddy to show the change.

 

[OS4A]

We are going to be running on fumes soon.

90% of people are in LaLa Land and believe all the lies……

Unless something changes quickly...amazed this is not a news topic.

 

[Revving2Redline]

Out here in Lawrence Kansas, Amoco BP was like $3.31 87e10, $3.67 89e5 $4.06 91 e0

 

[Legs4Arms]

Out here in Lawrence Kansas, Amoco BP was like $3.31 87e10, $3.67 89e5 $4.06 91 e0

So cheap
$218.9L for 91 octane here in Vancouver BC

 

[GON]

Hattisberg, MS Sunday 12JUL 2026…

 

[FZ1]

Hattisberg, MS Sunday 12JUL 2026…
View attachment 347601

Fill 'er up!