Gas prices

  • Thread starter Thread starter theel4life
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$4.19 a little while ago. I haven't seen it over $4 until today. The magas that work with me said Trump has a master plan for gas. They also made quips that it's not quite to Obamas gas prices. I googled it and gas was never this high under Obama. I will keep my mouth shut as I don't like arguing with brick walls
 
While I don’t buy gas there, a convenience store in Burlington had gas for 3.99 for a while. It dropped to 3.89 earlier last week and has shot up to 4.19 today.
 
nycfan said:
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I'm the furthest thing from an expert on oil and gas markets but I keep reading we're now reaching the point where unutilized supply (reserves, oil in transit, etc.) is now largely gone. The markets, especially in the US, have been keeping prices relatively low while that supply was still available, but that simply can't happen any longer. We really may see national averages north of $5 within the next couple of months.
 
The UAEs actions with OPEC have much to do with the petrodollar arrangement-they can no longer afford to price their oil in dollars or their central bank will fail -they think prices will go down long term. Meanwhile, the ships Iran allows to pass have to pay in yuan. This may be the beginning in the end of petrodollars.
 
I hadn't given it any thought but I should probably check out the price difference . My car is flex fuel and I've neve taken advantage. This prompted me to check and the difference in fuel efficiency is small enough that saving 3 cents on the dollar is the break even point.
 
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