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2025-04-07 Economy

Crude oil just dropped below $60 for the first time in 4 years

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Posted by Fred 2025-04-07 00:00|| E-Mail|| Front Page|| [11123 views ] Top

#1
Yet, E-Reg Gas Prices just went up another 10 cents here in Ga. We are pushing $2.89 to $2.99 a gallon

While some will say it is Inflation that could account for some of that.

Still, the oil price is the basis.

BTW: Since 1980 the years with the largest changes in pricing: 1980 (D-CARTER +38.97%), 2021 (D-BIDEN +36%)

Posted by NN2N1 2025-04-07 03:47|| 2025-04-07 03:47|| Front Page Top

#2 Refinery maintenance is keeping refinery capacity down.

In addition we are at the changeover from winter gasoline (higher vapor pressure) to summer (lower vapor pressure) blend

Posted by Lord Garth 2025-04-07 11:50|| 2025-04-07 11:50|| Front Page Top

#3 NN2N1, you don't know how lucky you are. In California it's more like $4.99 a gallon. Most of the difference is state taxes.

Posted by Abu Uluque 2025-04-07 12:42|| 2025-04-07 12:42|| Front Page Top

#4 Still $2.89 at Brookhaven Costco I just filled up, premium was $3.62

Posted by Beavis 2025-04-07 14:13|| 2025-04-07 14:13|| Front Page Top

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