U.S. pump prices and projections

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
 
MoBeans said:
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
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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.
 
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Energy futures are near flat, but the national average has some way to go still. California stations have a wide disparity in pricing, probably due to impending change over to summer blend, with some stations likely finishing off the supply of winter blend. Prices ranging from $4.80 ~ $6.00. A fairly steep increase seems likely over the next 2 weeks, imo... which is relected in the increased premium in carbob.
 
As of mid-March 2026, the Iran war has driven severe global gasoline and energy price spikes, with Southeast Asian nations like Cambodia (+68%) and Vietnam (+50%), along with Bangladesh, facing the sharpest increases. Other severely impacted countries include Nigeria (+35%), Laos (+33%), Australia, and the US (+17-23%) due to supply disruptions and surging shipping costs.

As of March 16, 2026, U.S. gasoline prices have jumped over 23% in some regions, with crude prices rising roughly 42%.
 
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The highest national average for regular unleaded gasoline was $5.016 in June 2022. Diesel was $5.816.
Not sure we will breach the reg. unleaded gasoline cap, although diesel maybe.
All time California highest was $6.438 for regular unleaded and $7.011 for diesel... each in June 2022.
All time California highs are likely, imho.
 
Both solar panels and electric vehicles (EV's) are becoming increasingly desirable in the UK, driven by the need for lower energy bills, environmental concerns, and the government's 2030 ban on new petrol(gas) and diesel cars. As of early 2026, over 1.6 million homes have solar panels, and electric cars have grown to over 1.8 million on the road, with over 150 different models available to buyers

EV sales saw a 23.9% increase in 2025 compared to 2024, with new registrations reaching 473,348 cars, representing over 23% of the new car market. Solar installations have seen a record-breaking surge, with over 500,000 systems installed since January 2022, rapidly rising from 3.5% of households to 5.7% by early 2026.
 
horseless carriage said:
Both solar panels and electric vehicles (EV's) are becoming increasingly desirable in the UK, driven by the need for lower energy bills, environmental concerns, and the government's 2030 ban on new petrol(gas) and diesel cars. As of early 2026, over 1.6 million homes have solar panels, and electric cars have grown to over 1.8 million on the road, with over 150 different models available to buyers

EV sales saw a 23.9% increase in 2025 compared to 2024, with new registrations reaching 473,348 cars, representing over 23% of the new car market. Solar installations have seen a record-breaking surge, with over 500,000 systems installed since January 2022, rapidly rising from 3.5% of households to 5.7% by early 2026.
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The U.S. has increased taxes on renewable energy sources and made it harder to build new clean energy devices such as wind turbines. Instead, it's promoting coal energy and other fossil fuels.
 
On Wednesday, March 18, 2026, an Israeli airstrike targeted Iran’s South Pars gas field, the world’s largest natural gas reserve, marking a significant escalation in the ongoing regional conflict. The strike, which hit facilities in the Asaluyeh energy hub in Bushehr Province, caused multiple explosions and fires that were later reported to be under control.

Impact on Energy Markets
The attack triggered an immediate and sharp rise in global energy benchmarks:
  • Brent Crude Oil: Surged over 5%, climbing above $108–$110 per barrel.
  • WTI Crude Oil: Rose to approximately $98.16, a nearly 3% increase.
  • European Natural Gas: Benchmarks jumped as much as 9.1% following the reports.
  • UK Natural Gas: Spiked 6% to reach 143.53p per therm.
 
Fuel prices are way up, all over the country. In addition, the commentator said corn prices are rising steeply also. The farmers are not greedy, they are barely making ends meet. He said if corn goes up, everything else does also, as over 90% of our products are made with corn syrup or something else from the corn plant. In about a month, there will be a huge increase in prices.
 
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Gasoline futures have tended stabilize a bit, although the pass through has not reached everyone. Currently expect another 20¢. Diesel futures seems to have stalled, with not much upward pressure at the moment. Keeping fingers crossed.

The big story seems to be for East Asia and California. Those prices are difficult to gauge with Middle Eastern spot markets trading at a very steep premium to Brent and WTI. Steep as in Oman benchmark at $160. ($73 one year ago. Brent benchmark was $69)
 
Sunny said:
Fuel prices are way up, all over the country. In addition, the commentator said corn prices are rising steeply also. The farmers are not greedy, they are barely making ends meet. He said if corn goes up, everything else does also, as over 90% of our products are made with corn syrup or something else from the corn plant. In about a month, there will be a huge increase in prices.
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It might be seasonal, as it is about where it was 1 year ago. Have to wait and see, imo.
 
The problem isn't so much that ships won't go through the Strait of Hormuz in fear of attack; it's that insurance companies currently won't insure them. Until that changes, there will be no movement.
 
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