Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

BumRushDaShow

(154,879 posts)
6. A wild confluence of "events"
Thu May 1, 2025, 04:39 PM
May 1

including idiotic demands to "drill baby drill" along with OPEC+ finally deciding to start pumping more... RIGHT when the world is about to head into a recession, dropped the price below $60/bbl. I am hoping whatever is left of the Dept. of Energy is BUYING to refill the reserves.

This was as of about 20 minutes ago (it already closed at 4 pm EDT), where an intraday low as down as far around ~$56/bbl -



But that hasn't translated to the actual gasoline prices, let alone to the individual stations. There are still $3+ /gal prices around Philly after they had dropped a couple months ago. They are about to go up again to deal with the more expensive "summer blends".

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»Latest Breaking News»Trump Threatens Sanctions...»Reply #6