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Jun 12 - Gas prices could fall below $2.00 very soon!!


 


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 4 days ago '19        #1
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Bucks414 18 heat pts18
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Jun 12 - Gas prices could fall below $2.00 very soon!!
 

 
Retail gas prices have been falling steadily for several weeks now. The national average currently stands at $2.72 a gallon for regular gas, according to AAA, down 17 cents from the 2019 high in early May and down 7 cents in just the past week.

Wholesale prices are falling even faster, suggesting that prices at the pump should continue to fall.

“Pretty much every portion of the country should see drops between now and the end of next week,” said Tom Kloza, head of energy analysis for the Oil Price Information Service.

Most of the decline is because of falling oil prices, in part thanks to booming US oil production. That has made up for cuts in production by OPEC nations designed to support prices. Oil prices have also fallen in part because of weaker-than-expected demand for gasoline in international markets, particularly China, where slowing economic activity has cut into auto sales.

Gasoline prices have fallen fastest in parts of the country where $4 gas was the norm at the end of last month. In California, which still has the highest average price at $3.86 a gallon, prices have fallen by 23 cents. And wholesale prices in the West are falling even faster than elsewhere in the country as refineries there that had been shut come back online.

“[Gas prices] should continue to fall as we move through the summer,” said Kloza. “There’s a high probability we’ll be paying less than $2.50 in the next few months.”

The national average price will probably decline even more — perhaps to $2.25 a gallon according to Kloza — later in the year. Once the summer driving season ends, demand for gas falls, pushing down prices. So does a switch away from the more expensive blend of gasoline required in the summer months to control smog.

A national average of $2.25 a gallon would probably mean that nearly half the nation’s gas stations will be selling regular gas for less than $2 a gallon, Kloza said.


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MAGA
+1   

79 comments for "Jun 12 - Gas prices could fall below $2.00 very soon!!"

 4 days ago '15        #2
PineappleOG 47 heat pts47
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 Bucks414 said
Retail gas prices have been falling steadily for several weeks now. The national average currently stands at $2.72 a gallon for regular gas, according to AAA, down 17 cents from the 2019 high in early May and down 7 cents in just the past week.

Wholesale prices are falling even faster, suggesting that prices at the pump should continue to fall.

“Pretty much every portion of the country should see drops between now and the end of next week,” said Tom Kloza, head of energy analysis for the Oil Price Information Service.

Most of the decline is because of falling oil prices, in part thanks to booming US oil production. That has made up for cuts in production by OPEC nations designed to support prices. Oil prices have also fallen in part because of weaker-than-expected demand for gasoline in international markets, particularly China, where slowing economic activity has cut into auto sales.

Gasoline prices have fallen fastest in parts of the country where $4 gas was the norm at the end of last month. In California, which still has the highest average price at $3.86 a gallon, prices have fallen by 23 cents. And wholesale prices in the West are falling even faster than elsewhere in the country as refineries there that had been shut come back online.

“[Gas prices] should continue to fall as we move through the summer,” said Kloza. “There’s a high probability we’ll be paying less than $2.50 in the next few months.”

The national average price will probably decline even more — perhaps to $2.25 a gallon according to Kloza — later in the year. Once the summer driving season ends, demand for gas falls, pushing down prices. So does a switch away from the more expensive blend of gasoline required in the summer months to control smog.

A national average of $2.25 a gallon would probably mean that nearly half the nation’s gas stations will be selling regular gas for less than $2 a gallon, Kloza said.





MAGA
That’s Maga to you? I remember when gas was 4.60 a gallon under Bush, Obama brought that back down to 2. Hope you kept your same d*ck sucking energy then
+25   

 4 days ago '19        #3
Gold Face 2 heat pts
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Can’t wait to fill my 92 Toyota Corolla up

+9   

 4 days ago '19        #4
Bucks414 18 heat pts18 OP
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 PineappleOG said
That’s Maga to you? I remember when gas was 4.60 a gallon under Bush, Obama brought that back down to 2. Hope you kept your same d*ck sucking energy then
I really must’ve gotten in your a*s no homo for you to be on my jock this hard
-9   

 4 days ago '05        #5
Daddy Black 2 heat pts
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Can’t wait. Ain’t been driving for a while with this high a*s gas. Tanks bout to stay on full.
+4   

 4 days ago '17        #6
quarter 138 heat pts138
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Can the Dimms say this is residuals from the Obama administration?? LoL
-9   

 4 days ago '06        #7
Yung Dilla 1595 heat pts1595
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Not in L.A. smh they be raping us with gas prices.
+9   

 4 days ago '19        #8
Bucks414 18 heat pts18 OP
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 Daddy Black said
Can’t wait. Ain’t been driving for a while with this high a*s gas. Tanks bout to stay on full.
Real sh*t I got a v8 that takes premium and been strict on my driving but so far it’s been pretty good 2.55 I can do and that’s the current cost where I’m at

 4 days ago '04        #9
datboy|e 18 heat pts18
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sh*t raised .30 today in Crowley Texas. Filled up in morning @ 2.09 and was 2.38 when I left same station

 4 days ago '15        #10
Black Larry 4 heat pts
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Gas is near 3$ for regular in N.Y.

Guess we're not joining some of our allies with trying to save the world from greenhouse gas.
-5   

 4 days ago '05        #11
old head 190 heat pts190
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Not in Cali. I just paid $3.69 earlier today

+4   

 4 days ago '12        #12
CaLis LEGACY 83 heat pts83
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Still high here in LA

 4 days ago '11        #13
GrindPOWER$ 484 heat pts484
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i wish owned a gas station right now cause you know people gonna just full up daily

 4 days ago '18        #14
DUCEDUCE 11 heat pts11
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 Yung Dilla said
Not in L.A. smh they be raping us with gas prices.
Bro 3.65 at the cheapie station ...

+2   

 4 days ago '17        #15
Ifeellikekobe 113 heat pts113
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These dudes still going with but but but Obama

-5   

 4 days ago '12        #16
gunshot225 1 heat pts
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Gasbuddy card + Shell fuel rewards = under $2 everytime in Louisiana
+1   

 4 days ago '15        #17
PineappleOG 47 heat pts47
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 Bucks414 said
I really must’ve gotten in your a*s no homo for you to be on my jock this hard
No one on your jock, the woman who ends up with you is taking the biggest L of them all
+1   

 4 days ago '17        #18
Green Ranger 16 heat pts16
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I pretty sure I paid $3.13/gallon yesterday for 89
+1   

 4 days ago '19        #19
Bucks414 18 heat pts18 OP
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 PineappleOG said
No one on your jock, the woman who ends up with you is taking the biggest L of them all
You don’t even know me you bum I got plenty hoes on my jock including you
-1   

 4 days ago '17        #20
Naga Sadow 43 heat pts43
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 quarter said
Can the Dimms say this is residuals from the Obama administration?? LoL
I was paying as low as $1.98 for premium under Obama and now pay a dollar more under Trump. Is that what you're bragging about?

+7   

 4 days ago '17        #21
Naga Sadow 43 heat pts43
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 GrindPOWER$ said
i wish owned a gas station right now cause you know people gonna just full up daily
Thing is that gas stations really don't make their money off of gas. They make 1 maybe 2 cents per gallon sold in profit. They really make their money on stuff sold in their convenience store.
+2   

 4 days ago '17        #22
quarter 138 heat pts138
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 Naga Sadow said
I was paying as low as $1.98 for premium under Obama and now pay a dollar more under Trump. Is that what you're bragging about?

Did you know Obama had the longest streak of high gas prices above $3 almost $4.. But it was cool because he was the perfect president
-8   

 4 days ago '06        #23
Yung Dilla 1595 heat pts1595
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 DUCEDUCE said
Bro 3.65 at the cheapie station ...

Yup I use Chevron, shell, or Valero so I'm paying a premium

 4 days ago '17        #24
Naga Sadow 43 heat pts43
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 quarter said
Did you know Obama had the longest streak of high gas prices above $3 almost $4.. But it was cool because he was the perfect president
Maybe because, I don't know, at the time not only were we dealing with the 2nd worst financial disaster in American history but we dealt with a major hurricane that shutdown gas lines in the south severely limiting fuel delivery causing prices to skyrocket.

Before you talk about something make sure you know what you're talking about. K?

+10   

 4 days ago '15        #25
PineappleOG 47 heat pts47
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 Bucks414 said
You don’t even know me you bum I got plenty hoes on my jock including you
If i'm included on that list then I'm sure its a great list

Again any of them that fu*k with a pea brain like you,
ost
-1   

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