the (most accurate) gas price guy. 20+ years on fuel prices/energy markets. BS-buster. truth & integrity are my north star. lover of econ, dogs and bourbon.
Chicago, IL/GR, MI/Tampa, FL
Joined April 2009
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today's drop in the national average (LIVE) is 6.3c/gal- this could be the third largest single day drop ever in GasBuddy's history if it holds- or if it surpasses 6.7c/gal will be the largest ever.
UPDATE: GasBuddy now counts 32 states with gas prices below $4/gal. NH, NJ, MA will join tomorrow making it 35, well on our way to 44 by Thanksgiving.
reducing GasBuddy's projection for the national average gas price on Thanksgiving to $3.59-$3.69/gal and diesel prices $5.85-$5.95/gal- prices falling slightly faster than anticipated. currently $3.89 and $6.09, respectively.
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today's 5.5c/gal decline in the nation's average gas price- if it sticks- would be one of the top 10 single day declines.... Americans spending $150 million less today on gas vs a month ago, though still $300 million more than a year ago.
According to GasBuddy data, the national average price of gasoline has fallen to $3.899/gal, the lowest level since July 14, while diesel has fallen to $6.099/gal, less than 10 cents away from falling back below $6.
oil mkt summary (11/11): Dec WTI +49c to $86.53, Jan Brent +$1.27 to $92.76 on bargain hunting and reports of tanker damage near Hormuz, though both backed off highs. Dec ULSD +8c to $4.21, RBOB -0.1c to $2.61. EIA data due Thurs. subscribe for more insights on market moves
Saudis boosting oil exports
#SaudiArabia told OPEC its supply to the market was 9.203mbpd in Oct 26 vs 7.988mbpd in Sep 26, its production was 10.563mbpd in Oct 26 vs 8.372mbpd in Sep 26 #oott
GasBuddy showing the national average price of gasoline down to $3.936/gal, unless you're using Already-Aged Average data which is days behind. Should drop to $3.89 or so by weekend. Diesel down to $6.12/gal and should fall under $6 by Thanksgiving.
11 states with gas prices below $3 and cheapest station in the nation at $2.69/gal this morning! GasBuddy tracking $2.99/gal prices in several states, with cheapest price listed:
NC $2.69
TN $2.69
TX $2.75
GA $2.79
OK $2.79
CO $2.87
IN $2.88
SC $2.97
KY $2.99
MS $2.99
OH $2.99
oil mkt summary (11/10): Dec WTI -81c to $86.04, Jan Brent -$1.08 to $91.49 after briefly dipping under $90 for the first time since Aug as Trump held off on more Iran strikes. Dec ULSD -8.4c to $4.13, RBOB -4.2c to $2.61. subscribe for more insights on market moves
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people see whatever they want. and that many are wrong. gas surged due to refinery issues in late Sept. then plummeted, then new issues emerged- I've covered it all- but gas prices now being at their lowest since summer is a huge scandal? prices always higher in summer.
