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2025-04-06 Economy

Global oil prices sink to lowest level in three years after Trump tariffs

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Posted by Skidmark 2025-04-06 00:00|| E-Mail|| Front Page|| [11124 views ] Top

#1
In 2018 the avg price for Oil $65.23 a Barrel.
We here in GA were paying $1.89 a gallon for Reg EGas.

In 2006 the avg price for Oil $66.05 a Barrel.
We here in GA were paying $1.59 to $1.75 a gallon for Reg EGas.

So why are we paying $2.89 to $3.25 now in GA?

Could Federal and State and Local Taxes and the EPA reg's have a lot to do with it?

OR,
Is it the inflated CORN (Ethanol) costs that are driving it up the Pump prices?

Because Wally World, I am seeing a price for 91% Alcohol at $3.95 for a Quart bottle. That up $2 since 2021-22.

Posted by NN2N1 2025-04-06 05:58|| 2025-04-06 05:58|| Front Page Top

#2 WTI crude is down.

However the refineries are switching to the summer blend of gasoline. This switch combined with some refineries closed for the maintenance produced the increase in gasoline prices.

Posted by Lord Garth 2025-04-06 17:28|| 2025-04-06 17:28|| Front Page Top

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