General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDOJ is now investigating why gas prices aren't coming down.
After all crude dropped last week, so pump prices should be lower today.
https://www.rawstory.com/trump-gas-prices-2677088272/
WTF?
ck4829
(38,180 posts)Lovie777
(24,441 posts)Chasstev365
(8,345 posts)Cheezoholic
(4,098 posts)It's the real price as many states prices were artificially induced downward using this method at the peak. Plus, this DOJ is run by billionaires who never heard gas always goes up like a rocket and comes down like feather because their portfolio's do the same.
Melon
(1,879 posts)Indiana Utah Kentucky and Georgia.
31j20b3
(59 posts)in the past 3 weeks. Still has a way to go to be at pre-iran war prices.
But it is (at least until the nex breakdown in peace talks) down across the inner Milwaukee suburbs
indusurb
(357 posts)Oil shippers are going to be leery of going through the Strait of Hormuz until peace plan is actually in place and working for awhile, therefore fewer tanker going through the Strait. Shipping insurers are going to be charging more for those tankers going through the Strait until the peace plan is in effect for awhile and things have settled down, thus those price hikes get passed on down the line, ultimately to you and me. All that infrastructure that got bombed into oblivion all around the Gulf States is going to take awhile to rebuild, so supplies are going to be constricted for some time, thus keeping prices higher. All in all I don't think prices at the pump are going to come back down to pre war levels for at least a year, maybe two.
The ultimate fault for all of this lies with Trump and his stupid, needless war. But the DOJ won't say that in their report. They'll come up with some stupid excuse to deflect blame away from their dear leader, perhaps blaming it on vandals, or antifa.
allegorical oracle
(6,686 posts)functions. Gas stations are still selling gasoline that was purchased before crude prices started falling. Once that supply is exhausted, prices may fall further. Keep wondering how/when he'll replace the national reserves he's used up.