General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJust saying, Gas here in North Dakota went from $2.09 3 months ago to now $2.59
Is the reason for this to cause trouble for Joe and Kamala? ( i'm thinking YES) Look for $3 or $4 gas soon.
Arazi
(6,829 posts)The rest of us understand supply and demand
https://finance.yahoo.com/news/why-gasoline-prices-rising-high-162200876.html
Here are six reasons gas prices are going up, plus predictions of how high they're likely to go so you can start thinking about ways to save money to help pay for your costlier fill-ups....
1. Crude oil prices are surging...
2. Harsh winter has been tough on refineries...
3. The pandemic also knocked out refineries...
4. Vaccinations are expected to boost travel...
5. Stimulus checks will drive up spending and prices ...
6. Summer will bring pricier gasoline blends...
bullimiami
(13,076 posts)jimfields33
(15,692 posts)I know it coincidence, but just as President Biden was sworn in the price is going up. Im sure we understand why, but most of America only see the price and dont think further then that.
edhopper
(33,479 posts)as far as getting COVID under control and giving the economy a boost. Stronger economy=more gas use=higher prices.
It is actually a good sign.
WhiskeyGrinder
(22,307 posts)(pandemic hitting employees, lack of demand while people don't travel, weather issues), people are expected to travel more this summer, and the switch to summer gas in March, which is more expensive. People will definitely make hay over gas prices and try to tie them to the Keystone decision, but gas prices are a lot more complicated than that.
empedocles
(15,751 posts)Suspect its Texas supply issue mostly.
CottonBear
(21,596 posts)mackdaddy
(1,522 posts)They were really hit with the cold and power outages.
They should start coming back on line and prices will stabilize somewhat from that cause.
The middle east issues might push prices back up some though.
Might be some increase as demand increases as the covid crisis starts to slow and the economy picks back up.
JT45242
(2,243 posts)As the price of crude oil has jumped back up to about $60 per barrel a couple of things will happen. Fracking in the US and Canada will restart as that price is above the break even point which will drive supply up and limit the increase in the price of crude.
Good read here about the relation between crude oil and gas prices https://blog.stewart.com/stewart/2014/10/15/potential-60-per-barrel-oil-and-corresponding-gasoline-prices/
At $60 per barrel the national average will be between $2.30 and $2.65 a gallon. The farther you are from refineries and other market pressures determine the local price. Given Covid, many people are driving a lot less so the impact on most of us will not be as significant as it once was. We have gone from using 6 tanks of gas a month for our combined vehicles to less than a tank a month.
gblady
(3,541 posts)Yesterday near Poulsbo, WA. That was at a place which is usually the cheapest in the area.