What's your gasoline costing?

[BoomerD]

By golly...how about that Joe Biden? Bringing gas prices back down! (still too damned high...regular grade should be about 35 cents/gallon!)

 

[brianmanahan]

for a second i thought dmcowen might've bumped this

 

[MrSquished]

$2.79 the other day at Costco

 

[JM Aggie08]

Biden's America

 

[allisolm]

For Thanksgiving husband and I drove from Tallahassee to D.C. and, of course, back, a week or so later and all the gas we bought was well under $3. Currently $2.72 here at Sam's Club.

Going to San Antonio for Christmas and today gas is $2.24 at Sam's there.

 

[Lost_in_the_HTTP]

^^^ You may have bought more gas in the last couple of weeks than I buy all year.

 

[JM Aggie08]

For Thanksgiving husband and I drove from Tallahassee to D.C. and, of course, back, a week or so later and all the gas we bought was well under $3. Currently $2.72 here at Sam's Club.

Going to San Antonio for Christmas and today gas is $2.24 at Sam's there.

Hitting up The Pearl? It's beautiful this time of year (all year, really).

 

[Pacfanweb]

I think it's 2.60 at BJ's in Raleigh with your BJ's credit card.

That's considerably cheaper than it was in the 60's, when you adjust for inflation.

 

[Pacfanweb]

Biden's America

lol, it just shows that presidential policy has no real effect on oil prices. About the only thing any Prez can do to really affect oil prices is bomb somewhere in the Middle East. That'll spike them for a week or two. Otherwise, it's 100% supply and demand, and whether OPEC wants to produce more or not.
Everyone pays the same for oil...us, UK, Europe, Japan.
If a US president's policy caused oil to go up, then the rest of the world would be raging at us to change it, as their people would be unhappy since they pay the higher oil cost, too. But they're not, because the market's gonna do what it's gonna do, regardless of what a current Prez might say or do.

 

[nOOky]

I filled up at $3.67 yesterday, but I use premium unleaded. 87 octane is almost exactly a buck a gallon cheaper here.

 

[Brainonska511]

lol, it just shows that presidential policy has no real effect on oil prices. About the only thing any Prez can do to really affect oil prices is bomb somewhere in the Middle East. That'll spike them for a week or two. Otherwise, it's 100% supply and demand, and whether OPEC wants to produce more or not.
Everyone pays the same for oil...us, UK, Europe, Japan.
If a US president's policy caused oil to go up, then the rest of the world would be raging at us to change it, as their people would be unhappy since they pay the higher oil cost, too. But they're not, because the market's gonna do what it's gonna do, regardless of what a current Prez might say or do.

The president can release oil from the strategic petroleum reserve, which exists partly to help stabilize prices in the US if a foreign actor wants to try to play pricing games. I believe Biden's administration released a few million barrels at some of the recent high prices and refilled it at some of the recent lows, so big wins all around: worked to cut costs for Americans, and the government refilled the stockpile at cheaper prices.

However, the long-term play is to just continue to work to transition from oil-based transportation wherever we can.

 

[K1052]

lol, it just shows that presidential policy has no real effect on oil prices. About the only thing any Prez can do to really affect oil prices is bomb somewhere in the Middle East. That'll spike them for a week or two. Otherwise, it's 100% supply and demand, and whether OPEC wants to produce more or not.
Everyone pays the same for oil...us, UK, Europe, Japan.
If a US president's policy caused oil to go up, then the rest of the world would be raging at us to change it, as their people would be unhappy since they pay the higher oil cost, too. But they're not, because the market's gonna do what it's gonna do, regardless of what a current Prez might say or do.

Trump tariffing oil imports from Canada would definitely have an effect on US pump prices. Those refineries across the upper midwest can't just start buying like Saudi oil to offset. California is taking some light crude via tankers from the TransMountain pipeline now but they'll just switch back to middle eastern suppliers.

 

[K1052]

The president can release oil from the strategic petroleum reserve, which exists partly to help stabilize prices in the US if a foreign actor wants to try to play pricing games. I believe Biden's administration released a few million barrels at some of the recent high prices and refilled it at some of the recent lows, so big wins all around: worked to cut costs for Americans, and the government refilled the stockpile at cheaper prices.

However, the long-term play is to just continue to work to transition from oil-based transportation wherever we can.

He sold 180M barrels from the SPR at $95/barrel in 2022. He's been refilling at about $75/barrel. So far netted about $3.5B in profit while using it as a price stabilizer to keep domestic production ticking along. Really an under appreciated win of his presidency.

 

[Pacfanweb]

The president can release oil from the strategic petroleum reserve, which exists partly to help stabilize prices in the US if a foreign actor wants to try to play pricing games. I believe Biden's administration released a few million barrels at some of the recent high prices and refilled it at some of the recent lows, so big wins all around: worked to cut costs for Americans, and the government refilled the stockpile at cheaper prices.

However, the long-term play is to just continue to work to transition from oil-based transportation wherever we can.

Releasing the strategic reserves can help short term, but the market corrects itself eventually

 

[Pacfanweb]

Trump tariffing oil imports from Canada would definitely have an effect on US pump prices. Those refineries across the upper midwest can't just start buying like Saudi oil to offset. California is taking some light crude via tankers from the TransMountain pipeline now but they'll just switch back to middle eastern suppliers.

I should have said a "any reasonable policy". Not batshiat crazy crap like this.

I was really talking about all the brouhaha when Biden said we were going to get off oil and was "unfriendly" to oil, how everyone was saying that was why prices were high. It wasn't, they were high because we just came out of Covid lockdown, and the supply wasn't there and production couldn't just instantly pick back up. Nor did OPEC want it to, they wanted those high prices to make up for the beating they took during 2020.
Gas prices weren't high because of Biden, inflation wasn't up because of Biden, it was just the market correcting itself, like it always is.

And oil/gas was only low because of Covid. Not because of a thing Trump did prior to it. It was 100% supply and demand that made it low.
Gas prices were actually climbing under Trump until Covid started looming, then it nose dived. Exact same thing with border encounters, too...but that's another thread.
And again, adjusted for inflation, gas is actually cheaper now than in the mid 60's.

 

[JujuFish]

And oil/gas was only low because of Covid.

It was low because of an oil price war between Russia and Saudi Arabia. COVID exacerbated the effect.

 

[Brainonska511]

Releasing the strategic reserves can help short term, but the market corrects itself eventually

But that's the point: alleviate short term supply and price shocks, with another effect of disincentivizing foreign countries that completely control their production from messing with global supply.

 

[KLin]

Paid $3.99 for 87 yesterday.

 

[akenbennu]

2.69 in Louisville.

 

[Chaotic42]

$3.13 for 93 the other day. Not sure what peasant gas was.

 

[Red Squirrel]

1.54/litre here.

 

[manly]

$3.94 for premium unleaded at Costco
The lowest I've paid since spring 2021

 

[iRONic]

…less than eggs.

 

[esquared]

I paid 3.79 yesterday at the cheap station.
Shell and Chevron are still 4.59 and above.

@iRONic yep less than eggs if you can find them.
Safeway was out yesterday, I think the price was 6.99. I was in Grocery Outlet and they had eggs for 6.99.
California has always been high since we require the hens to be free range, so prices before the bird flu, they still ranged from 3.00 to 6.00 a dozen depending on the brand.

 

[MrSquished]

2.69 for the peasant stuff this weekend at Costco