So seriously, why is my gas at 2.54 A FAWKING GALLON??? It was 2.59 on Thanksgiving.

[a kennedy]

Bit why is is so much cheaper now??? 2.54 is pretty cheap.

[mountain grammy]

1. $1.89 at Costco in Denver yesterday..

[a kennedy]

2. OMGAWD!!!! 1.89?????

[onenote]

23. Costco gas prices are lower than typical retail gas station prices for several reasons

One is volume -- the typical Costco sells far more gas monthly than your average stand alone retail gas station.
Two is subsidies -- Costco charges a membership fee which helps offset its discounting practices, including for gas.
Three is "loss leader" pricing -- while Costco isn't selling at a loss, it is selling at a reduced margin as a way to attract customers to its stores, where they spend money on thing other than gas.

In short, comparing what Costco charges to what stand alone gas stations charge is a bit of an apples to oranges comparison.

[Coventina]

3. Please share. Paying $3.59 in Phoenix

[allegorical oracle]

18. $3.15 in N Fla. ($3.65 for 89 octane)

[Stardust Mirror]

4. $5 and change for premium here

in Sonoma County, California.

Regular is $4 and change

What is it in Europe? Are oil companies subsidized in Europe?

[Celerity]

17. Here in Stockholm 95 Blyfri (normal unleaded petrol) is around 6.20 USD per US gallon atm (we price it in SEK per litre)

[Emile]

5. Just goes to show you big oil has been gouging us

for years.

[kacekwl]

15. I'm quite sure the trump, Miller administration

put in calls to "Big oil" to lower prices because it makes him look bad. You know your industry could go thru some things.

[yardwork]

20. The Oil Cartel fixes prices to benefit themselves.

If that means lowering prices in exchange for who knows what promises from the Tangerine Shitgibbon, well..,

[yourout]

6. Drop in demand I would guess....

Probably a sign that the economy is going in the tank.

[BannonsLiver]

7. Low demand and ample supply on hand

Which is another sign the real economy is in the toilet.

[Blues Heron]

8. So many teslas etc. got to be having an impact on consumption

[mahina]

9. 4.59 here

3.99 at costco

[Maru Kitteh]

10. It's over $3 still in Montana

[Enter stage left]

11. The prices in Mesquite NV range from $329.9 to $359.9...

But 15 miles NE on the Arizona strip it was $289.9.

[Wiz Imp]

12. It has not dropped at all recently in this part of PA

Still over $3.00 and higher than when Trump took office in January.

[durablend]

22. If anything, it's gone UP since the summer

Usually supposed to go down after September.

[WarGamer]

13. W3e haven't dropped a penny... 4.99 for premium

[In It to Win It]

14. I think OPEC increased supply IIRC

[fargone]

16. $2.48 eastern North Dakota

[Buckeyeblue]

19. Isn't new construction down? Maybe it's down globally

Price of oil is below $60/barrel today. While it's nice to pay a little less at the pump, lower gas prices is probably not a great sign for the overall economy.

The flip side is that Trump has convinced OOEC to keep production up because lower gas prices make him look good.

[onenote]

21. Supply, demand, seasonal blends.

Happens almost every winter.
OPEC has increased production just at a time when demand has dropped as it typically does as we move from summer to winter. And winter blends are cheaper to produce than summer blends.

Since 2008 -- as far back as I bothered to look -- the monthly average retail price of a gallon of gas has been lower in November and December than October almost every year.