"The dog that didn't bark!"

Since Trump killed the Iranian terrorists, I have been watching the prices at our local gas stations. They have steadily come down from $1.39 to $1.30! Remember what happened when Jimmy Carter was president? Steady increases and long lines at the gas pumps. Thank your local fracker!
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Why is gas so expensive now?

My local gas station here in New Mexico is charging $2.39 per gallon. Just a few weeks ago it was $1.75. Today I see this article from Drudge linking to a L.A. photo of gas prices at $5.19 per gallon.

How does your state rank in gas prices?

GasBuddy is a site that tells us the average price of gas in each state. I wonder why the higher prices out west and up north?

Gas prices

Why are people in France pissed? Gas is now $7.06 per gallon! Macron is only trying to enforce the Paris Climate Accords: you know, the treaty that Trump pulled America out of! Don't be mad at Macron. He is Progressive!

Here where I live in New Mexico there is a gas war. The roads and streets are full of cars as people are happily driving everywhere! Today's price is $2.06 and it goes down about a nickel a day. Stations that do not lower their price have no cars gassing up.

How high will gas prices go?

An oil refinery in Texas City, Texas. PHOTO: LUKE SHARRETT/BLOOMBERG NEWS

Alison Sider reports in the Wall Street Journal,

Gasoline prices surged to a two-year high at the pump Thursday after the owner of the largest pipeline in the U.S. reported that shipments are being sharply curtailed, spreading the economic pain from Hurricane Harvey throughout the nation.

Retail prices for gasoline approached $2.49 a gallon by Thursday evening, according to the Oil Price Information Service, up about 14 cents from a week ago. Prices in some cities have climbed much more than that and could keep rising toward an average of $2.60 to $2.75 a gallon in the next 10 days, said Tom Kloza, global head of energy analysis at the price-data tracker.

Since Harvey made landfall on Friday, the storm has knocked out more than 20% of U.S. refining capacity, analysts said.

...Major refiners are telling customers that they would only supply their own branded outlets because they don’t have enough gasoline to supply wholesale customers as well, analysts said. That’s leading to an unusual situation in which unbranded gasoline is becoming more expensive than the fuel sold at stations affiliated with major oil companies.

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What happens when you're broke and someone takes advantage

Tyler Durden writes that

In a TV address to his divided nation, Ukraine's PM Yatsenyuk stunned the people by first suggesting heating prices would rise gradually, then confirming a plan that will see prices rise 100% in the next 2 years (and almost 200% by 2017) as the cost of imported Russian gas is expected to be around $500 (up from the current $84).

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