U.S. pump prices and projections

[Harry Le Hermit]

As this will be a topic of conversation for the next several weeks… here goes.


Principle sources:
AAA Fuel Prices GasBuddy - Cheapest Gas Station Finder App with Money Saving Benefits
Homepage - U.S. Energy Information Administration (EIA) California Energy Commission https://www.cmegroup.com/

 

[MoBeans]

California mandates it's own blend of gasoline which is mostly blended for California. They are projecting $10/gal prices if things get really bad. I've seen $6/gal for regular already where I am. I priced a plane ticket the day before the invasion. By the time I got back on to buy it the ticket was up $500

 

[IKE]

Bought 100% regular gas (not ethanol) this morning and the price has gone up another 30¢ per gallon just since 3-8....$3.89 here now.

 

[MACKTEXAS]

Bought 100% regular gas (not ethanol) this morning and the price has gone up another 30¢ per gallon just since 3-8....$3.89 here now.

And supermarkets are probably working on new prices for household items as we write.

 

[Harry Le Hermit]

California mandates it's own blend of gasoline which is mostly blended for California. They are projecting $10/gal prices if things get really bad. I've seen $6/gal for regular already where I am. I priced a plane ticket the day before the invasion. By the time I got back on to buy it the ticket was up $500

I wouldn't argue against it going to $10 in California, as 60% of their crude is imported and 30% of that figure originates in the Persian Gulf. Supplies will likely become very tight... in California, imo.

 

[Trade]

And supermarkets are probably working on new prices for household items as we write.

Most of our groceries are delivered to the store by truck and diesel has gone up even more than regular gas. The nationwide average is now about $5 a gallon and it was about $3.70 before the war started.

 

[debodun]

An increase in gas prices makes everything else increase.