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BumRushDaShow

(144,200 posts)
Mon Dec 9, 2024, 06:07 PM Dec 9

Gas prices are the lowest since 2021

Source: Axios

4 hours ago


Gas prices haven't been this low since spring 2021.

Why it matters: Displayed prominently on big signs everywhere you drive, prices at the pump are a key economic indicator for the general public.

  • The recent lows are a big sign that inflation is increasingly in our rear-view mirror.
  • And, of course, the lower prices are happy news for drivers — especially ahead of the holiday driving season.


  • By the numbers: The average gallon of gas cost $2.98 on Monday, and has been under $3 since Saturday, according to GasBuddy data.

    Between the lines: The good news comes too late for the Biden administration, which suffered politically when inflation and the war in Ukraine drove prices above $5 a gallon in 2022.

  • Instead, low gas prices are more likely to benefit President-elect Donald Trump, who campaigned on bringing them down
  • .

    Read more: https://www.axios.com/2024/12/09/gas-prices-us-average-lowest-biden



    Wait till Syria gets ramped up if they can't agree on a governmental structure.
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    Gas prices are the lowest since 2021 (Original Post) BumRushDaShow Dec 9 OP
    Went up here, to 3.13; was 3.09 recently. elleng Dec 9 #1
    Saw a station that had it for $2.29 the other day n/t TexasBushwhacker Dec 9 #2
    Here... Windy Apple Dec 9 #3
    Ours jumps back to $3.19 every time it starts getting lower. Rhiagel Dec 9 #4
    $2.19.9 At Sams Club TomJulie Dec 10 #5
    It's been longer than that Deminpenn Dec 11 #6

    Rhiagel

    (1,742 posts)
    4. Ours jumps back to $3.19 every time it starts getting lower.
    Mon Dec 9, 2024, 06:55 PM
    Dec 9

    For the last year or so, the service stations around here have been playing this game. It will s-l-o-w-l-y drop to around $2.80ish for a day or 2 , then BAM back up to $3.19 just like that. It's not just one station, but about 10 or more stations in the immediate area. And they all hit that mark simultaneously. It's like 1 decides to jack it up and the rest follow suit to that same exact amount.

    A couple of years ago, the fall-back position was $3.49. There has to be collusion along the pipeline in order for ALL of them to hit the same jacked-up price every freaking time.

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