Cheap gasoline for the Holiday travelers.

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I just saw a 7-11 and unleaded gas with 10% alcohol was $1.69 per gallon. My 2018 Ram pickup gets the same mileage on it as regular unleaded so that's what I've been using and I have 305 hp V6 and average about 20.5 miles per gallon in the city with a heavy right foot, so travel is pretty cheap right now.
 
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OK and TX have always had cheaper prices. Best I have seen in FL and AL is $1.95; most are closer to $2.12
 
Yes Farmer17, we are fortunate during this special time of the year!

For some reason those who are holding the USA hostage with high Fuel Prices have given us a break now and I shutter to think what the price will reach after they have a change of heart. The prices haven't reached the low here that you mentioned but if we travel about 5 miles out of town we can get below $2.00/9/per. gal. of alchol added fuel. Our intown prices have remained higher because one company owns a big majority of fueling stations in the area. Enjoy it while it lasts, I'm afraid it will soon end.

Merry Christmas to all here on the forum!
 
Regular is down to $1.779 at some stations in my area. Adjusted for inflation, this is the lowest they have been since 2002. Adjusting for inflation again, it's also a better price than all of the 1950s and most of the 1960s.

I don't know whether to be happy that gas is so cheap or sad that money is so worthless.
 
Regular at the Greenville SC Costco is $1.78. Knock off the 4 percent gas rebate with the Costco card and your at $1.71.

Happy trails y'all. :)
 
Avoiding politics, I was reading the other day that there is a glut of oil on the world market.

It seems that several oil producing countries ratcheted up their production because they got the impression that the USA was going to severely curtail its imports of oil from certain other oil producing countries by imposing sanctions. These other producers expected that would mean they could sell their intentionally increased production to us at the current market price.

BUT the expected import reductions (sanctions) were never implemented, so now the increased production has resulted in a surplus on the world market - driving the prices down. Supply and demand in action. The fact is the price is controlled by the producers. It goes down when they increase production, and when they decide they want more per gallon, all they have to do is just dial production back a bit and VOILA' demand exceeds supply - causing the price to go up.

It really isn't about how much oil there IS - it is about how much they are willing to sell - and correspondingly how much they are wanting to get for it. The boys from OPEC started playing the game that way way back in 1973, and it continues right up to today.

So the article I was reading was basically saying that the person(s) who gave the impression that some economic sanctions against some of the oil producers were going to be imposed, kind of "tricked" all the other producers into creating a glut on the market - giving all us regular folks a break on the price of gasoline ;)
 
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Part of NV's high gas prices is the cost of gas coming from CA where they have so many different blends for air quality that there is no economy of scale.
 
Seems like not long ago a huge oil strike was made in Texas.

Just think what prices would be if gasoline was still being taxed at the same rate it was in the '50s.
 
I filled up for $1.80 gallon at the Buc-ees at Terrell, TX on the way home Wednesday. Friday I filled up at the Murphy's at Walmart for $1.83 gallon in New Iberia, LA. I would feel much better if it was around $1.00 a gallon more expensive, since I work in the oilfield. ;)
 
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