U.S. pump prices and projections

I bought gas today in Northern Nevada and paid 5.40/gallon. It’s one of the cheapest stations and I passed a station that was charging 5.95/a gallon.

I recently read the price of jet fuel has doubled. It said that in a month, some people could find themselves flying into Europe, but unable to get home because of a gas shortage. I sincerely hope that doesn’t happen.
 
This is connected to but kind of a different comment on the gas price.

I don't drive a gas hog and I don't have 50 toys that need to be filled with gas. No boat, no ATV (used to), and so on and so on.

I don't go far generally...

Do I like the thought of gas increasing to a high point? No.

I'm just commenting on some of the countries who are the biggest consumers of it and often take it for granted.

And that's really all I mean by it. Just an aside.
 
" The war is fought with missiles. The famine is fought with molecules. The molecules are trapped behind three locks on three continents, timed to the one calendar that cannot be paused, extended, or negotiated: the calendar written into the DNA of every seed in the soil. "

" Lock one: the Strait of Hormuz. The IRGC permissioned corridor allows oil tankers from friendly nations to pay $2 million in yuan and pass. It does not allow fertiliser vessels to pass at any price. Zero approved fertiliser transits in 24 days. The Gulf supplies 49 percent of the world’s exported urea and roughly 30 percent of traded ammonia. That supply is not delayed. It is denied. The gate opens for molecules that fund the gatekeeper. It stays closed for molecules that feed the planet.

"
Lock two: Russia. The world’s largest exporter of ammonium nitrate just halted all AN exports until after April 21. Three to four million tonnes per year, gone from global markets at the exact moment the Northern Hemisphere needs it most. The official reason is “domestic priority.” The strategic effect is leverage. Russia earns windfall revenue from the oil price spike its ally’s war created, then removes the fertiliser that farmers need to plant through the crisis. The disease and the cure, again, from the same address. "

" Lock three: China. Beijing has banned exports of nitrogen-potassium blends and phosphate fertilisers through August 2026. China is the world’s largest phosphate producer and a major nitrogen supplier. The ban removes the last alternative source that could have compensated for Hormuz and Russia. Three locks. Three countries. Three deliberate decisions timed to the same biological calendar. "

The Food Supply Chain Is Breaking. Again
 
The rest of the world along with the USA is hurting, but the USA appears to have shot itself in the foot. When an Australian conservative says this, it's significant.

Coalition frontbencher Andrew Hastie has warned the credibility of the United States is being damaged and says Australians may be losing faith in the alliance as the war in Iran enters its second month.

The shadow minister for industry and sovereign capability said the war in Iran was a "huge miscalculation" and criticised US's failure to consult its allies, including Australia, noting many were dependent on the export of fuel in and out of the Middle East.

Iran war live updates: For the latest on the Middle East conflict, read our blog.

"Iran has been able to pretty much hold the whole world economy to ransom," he told Insiders.
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Hmm. Our low is lower than said above. It's at $3.20 at my nearby station and at $3.16 at Costco. As of today, 03/31/26.

Others are in the same range within a couple of pennies in my area at all stations.
 
AutumnGal said:
Hmm. Our low is lower than said above. It's at $3.20 at my nearby station and at $3.16 at Costco. As of today, 03/31/26.

Others are in the same range within a couple of pennies in my area at all stations.
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If you are referencing the above as the Oklahoma average, there are areas still below $3, and other areas above your stated price... which results in the average posted.
 
I was driving into town while ago, and in the 15 short minutes I was there, the gas price at this one station changed threes times. It went from $3.79 to $3.99 to $3.89.
 
Harry Le Hermit said:
If you are referencing the above as the Oklahoma average, there are areas still below $3, and other areas above your stated price... which results in the average posted.
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I didn't look closely, I thought I was looking at the low and high in the states. I'd have to look back to find the post.

If an average low and average high, then yes, that makes sense.

We were getting close to $2 a gallon here just a few months ago. That would have sure been sweet. I don't use a lot though I think I've said so that helps out much when the price increases.

However, it does increase price of goods and such and that does affect us all.
 
Energy Projections.jpg
I'll be watching the EIA weekly report later today. Most concern is for PADD 5 inventories, which includes Alaska, California, Hawaii, Oregon and Washington. California and Hawaii would be main concerns, although not likely to be reflected for another 3 weeks.
 
Curiously, the California average gasoline price slipped every so slightly, while the national average moved up. Not so for diesel.
Energy Projections.jpg
Yesterday's EIA report did not see excessive movement. There was a slight draw on the SPR. I should not have been surprised, as the transit time for tankers moving from the Persian Gulf to destination ports... ranges from 30 days to 45 days. So in 1~3 weeks, there will be some tight supplies in parts of the Asian Pacific region, which might include Hawaii and California.

The spot markets indicate tankers are beginning to move out of the gulf, although a long way from 100%. Not even Amazon next day delivery can fill in that impending gap.
 
Keep an eye on things oil/oil change prices. The next domino to 'fall' which means up in price world. Also plastics will start to increase and tires.
 
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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About 80 percent of the potash fertilizer used on American farms is imported from Canada. Think about what will happen if WE stop selling it to your agricultural sector ? We can sell all of the potash we produce to other nations, at a world price, that is higher than the price we sell it to the American market for.
 
jimintoronto said:
Its a decision that could be made by the Canadian Government. Given the reckless actions of your Government, Canadians are in no mood to be selling products to your country.
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A dose of reality. Canadian ports are already operating at max and a no small amount of Canadian exports to the global market… flow through U.S. ports. While Port of Churchill is undergoing studies to expand, that is years away from full development.

Limiting potash exports to the U.S. would create financial hardship for the Canadian Potash industrym via plummeting prices, as well as limit U.S. agricultural production… of which Canada depends very heavily on the U.S. for at least half of its agricultural imports.

While you seem anxious to cut off your own nose, to spite your face… there are cooler heads prevailing. I would consider most Canadians as being rational and able understand these issues… not withstanding the rhetoric of some politicians trying to inflame the public, for political gain.
 
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