Why the steady decline the last month or so? I thought opec was slashing production?
Why the steady decline the last month or so? I thought opec was slashing production?
2020 VEXUS 1880 Victor Red
Merc 115 HP Pro XS
Minn Kota Ultrex 80 I-Link MDI
Helix 10 MEGA+ MSI
Helix 9 x 2 MEGA+ MDI
Live Image FFS
2021 Aluminum Trailer
10' Talons w/sandwich brackets
With the price of everything else that's went up the demand for gas has went down. That's my guess.
Still up here....$3.67 outside Cincinnati
2005 Nitro NX 882
2002 Mercury 175 EFI
Some folks think that it is a sign of impeding recession....other folks say that it is a result of China's "covid zero" policy which is largely shutting down the country (and oil demand).
1. Lockdowns in China have reduced demand. China is the 2nd largest user of oil in the world.
2. Winter travel is lower than summer.
3. "U.S." allowed to produce more oil. ()
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Saw the lowest price all year in our area, over the Thanksgiving holiday (the most traveled weekend of the year).
Go figure.
Huntin' Ducks, Chasin' Pheasant, Catching Fish
I expected to see a slight increase over the holiday and it didn’t happen. I’m ok with that.Originally Posted by Bassin_7
2018 Ranger RT188 SC Black/115 hp Yamaha SHO 4-stroke; Garmin LVS34 - north
2018 Ranger RT188 DC Black/115 hp Merc Pro XS 4-stroke; Garmin LVS34 - south
14' Mirrorcraft tin boat (ancient) with a 9.9 Mercury 4-stroke, no electronics; catches fish anyway
Saw 2.99 a gallon cash here in SE Michgian yesterday. That is 2.55 above the high we saw. Keep waiting for the " I did that " stickers to show up. Not complaining at all.
Still $3.89 for the cheap crap here.
I think alot of people are out of extra money... Everything single thing the American consumer purchases has went up in price over the last 2 years! Wages have not kept up if they went up any at all. I'm starting to see alot more toys posted for sale camping trailers, boats, motorcycles, etc. I know just in regards to money outflow at my home the weekly grocery store run has cut into my play money. The less play money people have the more they will stay home.
"Luminous beings are we not this crude matter." Yoda
4.10 here
Around here, decreased usage always occurs when the outdoor sports seasons [fishing, camping, outdoor team sports] shut down. I drove by a popular launch on Erie yesterday. There were nearly 100 vehicles in the lot 3 weeks ago during the height of the perch-fishing frenzy. Yesterday 1 vehicle there, and I was kind of surprised to see 1. The kids’ soccer and football seasons are over. Campgrounds are deserted, etc. Our gas prices are down about 12-15% from their highs [mostly $3.40-3.50], and just as a wild guess, I’d say that usage is down twice that. Diesel is still crazy high, though: mid-5s per gallon.
John Clark — Findlay, Ohio
Can anyone explain why diesel is still so high?
Overall average around 3.00 here.
I’m no expert on fuel prices, but it seems 90+% of diesel use would be commercial, which doesn’t have an off-season, other than road-building equipment in the dead of northern winter.
John Clark — Findlay, Ohio
No idea, but it definitely isn't greed!!
As noted, winter < summer and China's zero COVID plus recessionary pressures.
And we're now blending for winter, lower cost. Along with more EVs, PHEVs, etc.
Most recently, the approval to produce/import from Venezuela, cheap and close.
Once again, politicians, war aside, aren't determining prices, it's a global market.
articles say lowest supply since the 50's
https://www.google.com/search?q=dies...t=gws-wiz-serp
$2.73 at costco.
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$100
