Labor Day Gas Prices plummet - I paid $2.97

Yeah, but it was lower during Covid when nobody was traveling and we were using freezer trucks to store bodies due to Trump’s horrible mishandling of the pandemic, so take that, Biden!

 

It was lower pre-covid too.

 

Damn, 3.40 in jax!

 

Thanks Obama

 

It is in Gainesville also. Ocala is about 3.35.

 

I paid something like$2.70 here in north tx today.

 

Did Hugo Chavez stop making voting machines and decide to start exporting to the US again? Ole Hugo is a Biden shill.

 

$3.03 near me

 

Pull yerself up from the bootstraps and move to a better damn place.

 

Spiked in volusia. Went from $3.09 to $3.34 over night

 

$3.29 in Naples

Libya just lost 700k bopd in production as the warlord in charge of the oil fields is fighting with the gubmnt in charge of the export terminals

Libya's oil production plunges 63% due to oilfield closures, NOC says | Reuters

Libya's National Oil Corporation said on Friday that recent oilfield closures have caused the loss of approximately 63% of the country's total oil production, as a conflict between rival eastern and western factions continues.
The North African country's oil blockade has widened, with eastern leaders demanding western authorities back down over the replacement of the central bank governor, a key position in a state where control over oil revenue is the biggest prize for all factions.

The crisis over control of the Central Bank of Libya threatens a new bout of instability in a major oil producer split between eastern and western factions that have drawn backing from Turkey and Russia.

Highlighting that the oil sector represents the backbone of the Libyan economy, NOC said restarting the halted oilfields will require huge costs and double technical efforts.

Libya’s Oil Production Has Now Slumped by 700,000 bpd | OilPrice.com
Libya’s crude oil production slumped by 700,000 barrels daily as of Thursday as the eastern government of the country began to shut down oil fields in an escalation of the internal political fighting that Libya has been locked in since 2011.

The current production rate in the country is below 600,000 bpd at the moment, Reuters reported, citing Libya’s National Oil Corporation. Last month’s daily average stood at 1.18 million barrels daily, the report noted.

Per information from petroleum engineers working in Libya’s oil patch, fields including Sharara and El Feel have been shut down and the production rate of Waha Oil Company, a NOC subsidiary, has declined to 150,000 bpd from 280,000 bpd. Exports from all of Libya’s oil ports have been suspended as well. The last loadings, on Thursday, totaled 600,000 barrels, Reuters also said.

 

$2.799 at Sam's Club - Last I gassed up at the same place it was .20 cents more than this.

I got home and immediately looked up to see if there had been any releases from the SPR. If so, I couldn't find it.

I guess those greedy only for excessive profits oil companies decided to give a gift to the US for the holiday weekend.

 

Curious, how does a proposed production increase by OPEC in October help the US market that in my case experienced a .20 cent drop in about 10 days?

 

I recommend everyone watching Mr. Global on TikTok who is an oil and gas expert who has worked in the industry for years. Really does a great job of explaining and going in depth as to how the whole industry works and how prices are determined and set.

TikTok - Make Your Day

 

The US president has a magic wand that controls fuel prices worldwide. Anything beyond that knowledge is excessive and unnecessary.

 

So SA's prince also sees the writing on the wall that DonOLD is going down, and sees no need to try and keep oil prices high to help him.