U.S. gasoline prices fall to pre-Ukraine invasion levels

[chuluma]

Source: Reuters

U.S. wholesale gasoline prices fell to their lowest levels since before Russia's invasion of Ukraine on Wednesday, suggesting motorists in the world's largest energy consumer will see lower pump prices in coming weeks.

U.S. gasoline futures fell as low as $2.5899 per gallon on Wednesday, the lowest since Feb. 18, just before Moscow invaded Ukraine, setting off a series of sanctions from the United States and its allies that boosted prices across the energy markets to multi-year highs.

Energy costs have been the primary driver of global inflation, with retail gasoline prices hitting an all-time record in the United States at more than $5 a gallon in mid-June.

Lack of spare refining capacity pushed costs for refined products higher, but headed into winter, gasoline prices have started to retreat as demand dips.

Read more: https://www.reuters.com/business/energy/us-gasoline-futures-settle-lowest-since-before-ukraine-crisis-2022-08-30/

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And since Biden controls gas prices according to the Right, I say.... Congratulations, Mr. President!

[Botany]

1. Dark Brandon Rules

[Cha]

2. Not in Hawaii unfortunately..

but that's understandable all the was over here!

I don't drive but I see Prices on the Gas Signs. It was $6 the other day.

[chuluma]

5. The average in Hawaii is $5.30

You seem to fill up your tank in one of the most expensive gas stations in Hawaii.

Also, Hawaii relies on Russian oil more than other states.

[BumRushDaShow]

7. You do realize that Hawai'i isn't just one island

[Cha]

10. Mahalo, BRDS!

[BumRushDaShow]

12. Hope you are doing well on this busy news day!!!

[Cha]

13. Yes! Mary Peltola WON

and the First native Alaskan to Rep in the US Congress!

They must be Ecstatic Over there!

[BumRushDaShow]

14. I am so happy for them!

An indigenous rep is historic for the state!!!

[Cha]

15. And, Extra PROPS for

Beating the Gaslit POS 1/2 gov palin!

[BumRushDaShow]

16. That was definitely the biggest relief

Just sick and tired of the crazy loons being elected to office and then getting excessive news coverage of every ridiculous remark they make.

[BumRushDaShow]

20. You seem to have manufactured more than what was posted

This is what I posted - https://www.democraticunderground.com/?com=view_post&forum=1014&pid=2963261

You do realize that Hawai'i isn't just one island

Perhaps try reading first before replying since you were shown to be in error by another poster in this thread who lives in the state (where it's apparent that you don''t), and instead replied to me with some convoluted nonsense.

[BumRushDaShow]

22. Cha is a "her"

so in your rush to argue a bunch of nonsense, you failed again.

She told you what she saw where she lives in the state (where you don't live) but you not only summarily dismissed it, you did so in a juvenile and condescending way as if she were lying, rather than accept that one's "mileage may vary". But nice try.

[Cha]

9. I said I don't drive. I just walked

by the sign.. and it's on Kauai.

[MichMan]

3. I know several people recently buying full size pickups

They had been sitting on the fence waiting to see if prices were going to come down

[Lemon Lyman]

4. :-)

Where I live, Dubuque, IA, the gas prices are higher than the other decent-sized cities in the eastern & central part of Iowa. Sam's Club prices this morning at 4 AM:

Dubuque - $3.52 (had been $3.47 for a week or so)
Cedar Rapids - $3.25
Waterloo - $3.22
Davenport - $3.21
Ames - $3.19
Des Moines - $3.04
Ankeny - $3.03

[Cheezoholic]

6. Where I am in IN they creeped down to 3.89 but

have been sitting right at 4 for the last 2 weeks. Stalemate.

[ruet]

8. ...

[Yavin4]

11. With gas prices falling and pandemic global supply chain disruptions ending...

what will be the excuse for continuing higher prices? Seems like inflation is more the result of corporate consolidation and outright greed than anything else. Wall Street is pushing the Fed to throw us into a nasty recession so that workers will be forced to take shitty jobs at very low pay.

[LudwigPastorius]

17. ...and yet, the war still rages on.

Gee, it's almost like that didn't have a thing to do with the massive price increases we saw.

[Grins]

18. Oh, dear. Now what will the Reich bitch about?

So hard for them…

[kwolf68]

23. SO

Since it was totally Joe Biden's fault gas prices went up. Can we now blame him for gas prices going down? Asking for a friend.

[dalton99a]

24. Brandon is slacking off