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raccoon

(31,105 posts) Mon Nov 12, 2018, 05:21 PM Nov 2018

Not complaining, but why are gas prices going down? At least

They are in SC.

14 replies

= new reply since forum marked as read

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Not complaining, but why are gas prices going down? At least (Original Post) raccoon Nov 2018 OP

Pretty sure I've read world oil prices have been falling ... (nt) mr_lebowski Nov 2018 #1

I have been reading Saudi diversify economy out of only oil dependent. That says something. Wintryjade Nov 2018 #2

Saudi Arabia increased production to help Trump marylandblue Nov 2018 #3

They're going down in my part of New Mexico, also. PoindexterOglethorpe Nov 2018 #4

I may be wrong, but don't prices usually fall Nov-March and then rise in the spring and summer? bearsfootball516 Nov 2018 #5

ppl drive less in winter. nt msongs Nov 2018 #6

The "winter blend" is cheaper to refine so it usually does go down this time of year BumRushDaShow Nov 2018 #7

OPEC supplies were rising for a while. Now they may be stabilizing or dropping Roland99 Nov 2018 #8

Down in Michigan also... N_E_1 for Tennis Nov 2018 #9

Do not worry, they will shoot back up past where they were in the first place ( always do. ) Doreen Nov 2018 #10

To help online sales for Christmas? LiberalFighter Nov 2018 #11

Well, feel fortunate jmowreader Nov 2018 #12

Nope,just came back from a errand,nope, Wellstone ruled Nov 2018 #13

Not down in California kimbutgar Nov 2018 #14

mr_lebowski

(33,643 posts)

1. Pretty sure I've read world oil prices have been falling ... (nt)

Reply to raccoon (Original post)

Mon Nov 12, 2018, 05:23 PM

Nov 2018

Wintryjade

(814 posts)

2. I have been reading Saudi diversify economy out of only oil dependent. That says something.

Reply to raccoon (Original post)

Mon Nov 12, 2018, 05:26 PM

Nov 2018

I understand U.S. is not so dependent, and we have fracking. Also, lots of activity in Odessa Texas area, not sure.

marylandblue

(12,344 posts)

3. Saudi Arabia increased production to help Trump

Reply to raccoon (Original post)

Mon Nov 12, 2018, 05:29 PM

Nov 2018

Today they announced they cutting production back down, so enjoy those low prices while they last.

PoindexterOglethorpe

(25,816 posts)

4. They're going down in my part of New Mexico, also.

Reply to raccoon (Original post)

Mon Nov 12, 2018, 05:29 PM

Nov 2018

Not a lot, but it's nice to have a bit of a decrease.

bearsfootball516

(6,373 posts)

5. I may be wrong, but don't prices usually fall Nov-March and then rise in the spring and summer?

Reply to raccoon (Original post)

Mon Nov 12, 2018, 05:30 PM

Nov 2018

msongs

(67,360 posts)

6. ppl drive less in winter. nt

Reply to bearsfootball516 (Reply #5)

Mon Nov 12, 2018, 05:32 PM

Nov 2018

BumRushDaShow

(128,441 posts)

7. The "winter blend" is cheaper to refine so it usually does go down this time of year

Reply to bearsfootball516 (Reply #5)

Mon Nov 12, 2018, 05:34 PM

Nov 2018

but I think the global prices have been going down the past couple weeks too and supposedly the shale oil folks have increased some production.

More info - https://www.marketwatch.com/story/us-oil-prices-end-below-60-a-barrel-and-mark-a-record-11-straight-session-declines-2018-11-12

Roland99

(53,342 posts)

8. OPEC supplies were rising for a while. Now they may be stabilizing or dropping

Reply to raccoon (Original post)

Mon Nov 12, 2018, 05:37 PM

Nov 2018

Oil hit a correction but that may be sutured now

N_E_1 for Tennis

(9,664 posts)

9. Down in Michigan also...

Reply to raccoon (Original post)

Mon Nov 12, 2018, 05:37 PM

Nov 2018

Don’t know about the cities, but rural is down.

Doreen

(11,686 posts)

10. Do not worry, they will shoot back up past where they were in the first place ( always do. )

Reply to raccoon (Original post)

Mon Nov 12, 2018, 05:41 PM

Nov 2018

Enjoy the low prices while they last.

LiberalFighter

(50,783 posts)

11. To help online sales for Christmas?

Reply to raccoon (Original post)

Mon Nov 12, 2018, 05:44 PM

Nov 2018

jmowreader

(50,528 posts)

12. Well, feel fortunate

Reply to raccoon (Original post)

Mon Nov 12, 2018, 05:44 PM

Nov 2018

In winter, diesel prices go up.

Wellstone ruled

(34,661 posts)

13. Nope,just came back from a errand,nope,

Reply to raccoon (Original post)

Mon Nov 12, 2018, 05:58 PM

Nov 2018

up 3 cents at the three Stations I passed two hours ago. And that changed one hour after I passed on the way to pick up parts.

kimbutgar

(21,055 posts)

14. Not down in California

Reply to raccoon (Original post)

Mon Nov 12, 2018, 06:12 PM

Nov 2018

Filled up tank Friday and it cost more than usual.

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