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$5.01 national gas price average - June 2022
$4.48 national gas price average - September 2026
This is misleading at best. You're taking a national average when prices were high due to Russia invading Ukraine. January of 2025 the national average was around $3.12 a gallon for regular and $3.65 for diesel.
I've explained that to him a couple times now, it doesn't register for some reason.
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There's no logical reason for pump prices to be up in USA. We are a net energy exporter of unrefined oil and LNG especially. The Hormuz area only supplies 5% of global supply- and NONE to USA. Something's rotten in Denmark!
Your second sentence answers the first. It's a global market and issue.
And I think your Hormuz number is off by a factor of 4 or 5.
How is the national gas price average misleading? Were you not paying it because of the reasons behind the increase?
Remember, we aren't allowed to talk politics here now. We're going to have to stick to the actual data and not the purported reasons why gas cost more in '22 and how you care to interpret them.
5% number widely published and reported in mainstream media from the beginning with Asia being the main destination and China the biggest customer by far. Loss of supply from Middle East should not be affecting us at all. We ARE short on refineries for processing the heavy crude and some of that is imported, but not from Middle East based on reports I've seen and figures into the increased interest in locking down supply from Venezuela.
EDIT: just saw this on MSN in UN meetings article:
Trump has repeatedly said that the goal of attacking Iran was to prevent the development of a nuclear weapon, which Iranian officials have said for years that they are not pursuing. Soon after the war started, however, Iran blocked the Strait of Hormuz, a key waterway through which some 20% of the world’s oil flowed before the conflict, sending shock waves through the world economy.
A war started, gas prices increased rapidly. That's not political opinion, it's objective fact. You can continue to ignore that as you please, but that was the reality in 2022, and it's the reality right now. One of those two instance was out of our control, I'll let you deduce which that is.
Thank you for finally admitting this is a political thread, not a gas prices thread.
We invited one conflict.
We created this one.
That's honesty.
Here's the reality: I saw $8.59 Diesel yesterday and I'm paying $5.69 for regular/$2.99 E85 (53-85% E).
Why you delete your post asking about my tax return @Kenny Banyan ?
These gas prices are all about the war in Iran...Maybe I have PTSD from the Nukes that were supposed to be in Iraq...but I'm not sure I'm buying the nukes in Iran, lets just end this thing and come home (IF-intentionally capitalized-Iran does have Nukes/nuke ambition, I'm sure there is another way to prevent them from developing them)...we don't need another 20 year ward (aka Afghanistan)...
I have some thoughts on the war in Iran...
But, because Michael gets 20 to 30 whining bitches who complain to HR every day I run the risk of getting banned if I give those thoughts.
The vocal annoying minority wins
And thus no dialogue can ever exist:. I’m convinced no politics and no religion in the workplace and forums etc is so we never discuss these things and never figure out who’s screwing us. Hint it’s not the left or the right.
Regardless I really can’t wait for gas to drop, I drive 40k miles a year on average: this hurts lol.
This is just my Transit T150, yesterday. Purchased new 3/2020. Plus I average 20K/yr in the Bronco, 30K+/yr in F150…
So, yes, it’s gettin’ expensive 🤣
Right. So 20% of global supply rather than 5%.
Then there's that other body of water in the general area that's gotten messed up also. Name escapes me at the moment...
I just bought a diesel suv first diesel in years. Last diesel was 08-10ish I think gas was high back then too, so just blame me lol.
Pit Row
"Loss of supply from Middle East should not be affecting us at all."
20% of global oil goes through the Hormuz Strait, but that is 50% of the oil transported by ship, if supplies are short, the bidding war pushes the price of shipbourne oil up.
The US exports oil by ship.
If US oil companies sold oil domestically at a lower price, than they can export oil by ship, their shareholders would not be happy, the board and oil company executives would lose their jobs.
That would be the "Gate of Grief"
there are pipelines that can carry most of the normal flow and more being fast tracked. Need to figure out how to protect them from aerial attack now 🤔
When I lived decades of my life in CA, quickly rising and slowly dropping pump prices were always blamed on "corporate greed" and generated commissions to get to the bottom of it that never could prove that as a primary cause. Major refiners have gotten the message CA is not a friendly place and been leaving. Prices went even higher and the state has to import fuel. Not sure resolving the Mideast kerfuffle with bring prices down in a dramatic way in states like CA.
It would bring it down dramatically everywhere if we could snap our fingers and go back to before this stupid BS war about weapons that were already destroyed or never existed in the first place.
Obviously they’ll be regional differences because of taxes / supply etc.
interestingly there are refineries very near SLC and our gas isn’t ‘cheap’ so proximity to refineries doesn’t have much to do with prices.
1st time in a while checkimg Diesel prices on a day trip ,taking care of' 'Me Mum'.
Saw price range differences of 25c per litre.
So, converting them to the small US gallons ( = 3.785 litres ) with today's 70c exchange rate, 'D' is between $7.20 to $7.90 USD for a US Gallon in my NSW , OZ area.
Yikes!
I have to fill up the van tomorrow with diesel... so glad i'm not paying Aus or US prices
Three cars i'd be broke in no time
A gallon of diesel in the UK currently costs the US equivalent of just over $9.
It's roughly $40 more to fill up an average size car with diesel and $30 more to fill up with petrol than it did before the Iran war started in Feb.
How's your GDP growth doing?
We're at +5.1% GDP here in the US against 3.4% inflation.
Simple minds will be along to downvote the facts in 3,2,1...
Wages are doing pretty good, too.
Yep. Things look quite different when you expand beyond a propagandized one-dimensional message.
We catapulted over $4 to $4.29
Do you guys know any owners of independent small retail businesses or restaurants? Those businesses are the best bell-weather of economic conditions.
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