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Oil Prices
SW0320
Member Posts: 2,520 ✭✭✭✭
So now oil prices have dipped below $100 per barrel which is an estimated drop of 27% from the highs of last week.
Gas prices in our area dropped 4 cents last night or less than a 1% drop from the price of $4.29 per gallon.
Do you think gas prices at the pump will ever drop 27%?
Comments
Sure is peculiar though how fuel prices can go up 10% overnight, but when oil prices start to drop, it takes two months for a 10% reduction in prices.......
It 's also peculiar how when the price of gas goes up my MPG's goes down.....😕
"Never do wrong to make a friend----or to keep one".....Robert E. Lee
Election year
Biden ordered release of oil from strat reserves. Only temporary fix,
@chiefr Bandaid on a decapitated body....
If America will wake up and vote in a REAL president next time, then YES fuel prices will come back down. Like VP said, voters "got what they asked for"!
Mule
I doubt it never will go down to what it was before Biden took office. Only another lock down could do it and it would give them time to in place a carbon tax or huge road tax on fuels while it was cheaper to hide it from the public when it bounce back later.
serf
Yep. Despite this futility, he is again being praised by partisan hacks in the media for his brilliance here. No wonder most people dont believe news anymore.