Gas prices 2019 and beyond
- Thread starter cany
- Start date
About the same here in Westchester - not dropping as fast.
JackPrintMD
Well-Known Angler
409
Jaws1948
Angler
hey jack,,,,,?,,,,,,,,,,,,,,,,,,,,,, ><)))):>
><)))):>
When gas was 30 cents/gal, the cars got 7 mpg and we didn't care. Ah, the good old days.
wader
Well-Known Angler
I remember a price war between two stations in Breantwood many, many, many years ago where it got down to 21 cents.
wader
Well-Known Angler
?
movetheboat
Well-Known Angler
US gasoline prices continue to fall, and they could keep falling, raising the possibility of gas below $3 a gallon in much of the country before the end of the year.
The national average for a gallon of regular gas stood at $3.96 Monday, down only a fraction of a cent from where it stood on Sunday. Still that decline maintained a streak of 62 consecutive days of falling gas prices.
The average national price has fallen $1.06, or 21%, since hitting a record high of $5.02 a gallon on June 14.
The average price is somewhat inflated by some high-priced states, such as California, where the average is $5.37 a gallon. The national median price, which is the price at which half the nation's gas stations are selling for more and half are selling for less, is down to $3.80 a gallon.
Pretty much every state is enjoying the relief from higher prices. Even in states with high gas prices, such as California, the average price is down more than $1 a gallon since the peak in June.
In 28 states, the average price of regular is now $3.99 or less. Roughly two-thirds of 130,000 gas stations nationwide are selling for less than $4 a gallon. And many are selling for much less than that. About 25% of stations nationwide are selling gas for less than $3.50 a gallon.
As students start to return to school, and the summer driving season comes to an end, the price of gas is likely to decline even further, said Tom Kloza, global head of energy analysis for OPIS, which tracks prices for AAA. He said it's very possible that by September or October, the national average for regular could be back below the $3.53 a gallon mark where it stood when Russia invaded Ukraine in late February.
The national average for a gallon of regular gas stood at $3.96 Monday, down only a fraction of a cent from where it stood on Sunday. Still that decline maintained a streak of 62 consecutive days of falling gas prices.
The average national price has fallen $1.06, or 21%, since hitting a record high of $5.02 a gallon on June 14.
The average price is somewhat inflated by some high-priced states, such as California, where the average is $5.37 a gallon. The national median price, which is the price at which half the nation's gas stations are selling for more and half are selling for less, is down to $3.80 a gallon.
Pretty much every state is enjoying the relief from higher prices. Even in states with high gas prices, such as California, the average price is down more than $1 a gallon since the peak in June.
In 28 states, the average price of regular is now $3.99 or less. Roughly two-thirds of 130,000 gas stations nationwide are selling for less than $4 a gallon. And many are selling for much less than that. About 25% of stations nationwide are selling gas for less than $3.50 a gallon.
As students start to return to school, and the summer driving season comes to an end, the price of gas is likely to decline even further, said Tom Kloza, global head of energy analysis for OPIS, which tracks prices for AAA. He said it's very possible that by September or October, the national average for regular could be back below the $3.53 a gallon mark where it stood when Russia invaded Ukraine in late February.
movetheboat
Well-Known Angler
3.75 the other day
schwing
schwing
movetheboat
Well-Known Angler
Photographer: Tim Rue/Bloomberg
By
Alex Longley
August 17, 2022 at 11:31 AM EDT
CL1WTI Crude
87.90
USD/bbl.
+1.37+1.58%
Giant supertankers that haul crude oil across the globe are making the most money in more than two years, buoyed by swelling shipments from the US and the Middle East.
Benchmark earnings for very large crude carriers neared $40,000 a day on Wednesday to hit the highest level since June 2020. Assessments in the industry-standard Worldscale system have jumped almost 40% in a little over a week. Shipowners said the spike was due to an uptick in loadings from the Middle East and the US Gulf.
While demand for tankers collapsed when producers cut output early in the pandemic, record US crude exports and a ramp-up in flows from the Organization of Petroleum Exporting Countries are once again boosting volumes of oil at sea. In addition, redirection of Russian crude flows has upended trade routes and lengthened journeys, further stretching the global fleet.
“We now see frenetic activity in all key basins and rates are moving up quickly,” said Lars Barstad, chief executive officer of Frontline Management AS, which runs the ships of one of the world’s largest tanker companies.
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