How much is your local "Trump at the Pump Tax?"

I paid $3.89 to fill up the Prius....total was under $30 for the first time in a while...which was nice. I need to bring the Tundra down and get her filled up.

 

I've never lived in an area with any Speedways, so haven't personally experienced its random sawtooth effect on prices.

I'm not on X or FB, so don't see it there. But also don't see it spilling out anywhere it is visible to me.

But my area is also not a place where nearly all the gas station try to match some 'price leader'. Instead, stations here show a great diversity in prices, with some making use of convenient locations or perceptions of brand quality or other factors to charge higher prices, while some others do approximately compete on price, but not trying to match to the penny. Price spreads of $0.50/gallon over a short distance are normal, and differences of $1/gal within a couple blocks are not unheard of.

A phrase I recently learned is "demand destruction", as many previous users of an item permanently reduce or even quit their consumption of a product. Drivers shifting from gasoline to electric vehicles, and electric generation shifting from fossil fuels to renewable sources, are examples of demand destruction.

 

Market price of crude has more to do with comments made and feelings than actual supply.

AKA The us isnt actually paying the real and correct price for crude.

as you surmise once we have to try and zorch asphalt into diesel I expect a massive price wall broken and rationing.

your apparent belief that Ronald Reagan’s oil market was in any way positive, provided open access to oil (many nations are still out of oil despite the market), or that it properly compensated everyone without winners and losers (or without waste and fraud) is just as unfounded as your belief that the us export ban being lifted helped any normal person, improves energy access or improves energy independence.

What came before long ago involving The direct sale of oil without a market was sadly in many ways fairer to producers with much more opportunity than anything that came after including a unified oil market.
Unified is both easy and brutal and ensures everyone is enslaved to the market middlemen without the willpower or motivation to become energy independent.

 

can they produce in time to head off a major jump in prices?
exxon-may-acquire-rights-produce-oil-venezuela-new-york-times-reports-2026-05-21

 

The post you cite was 100% sarcasm.

My actual position on the distribution of domestic oil production is "it depends on conditions and should be adjusted to fit". If the world and US economy are functioning normally then I favor an open market - because favoring domestic consumption under those conditions is picking winners and losers, often by ideology and cronyism, and it always makes some sector of our economy less competitive (it becomes addicted to the subsidized oil prices and so doesn't spend enough on becoming more energy efficient). On the other hand, if the world and US economy are both melting down, and especially if it reaches the point where there are actual shortages domestically, then at that point a good argument can be made for keeping the delivery trucks rolling here even if it exacerbates supply issues elsewhere. That sort of nimble adjustment isn't something we do well, because politicians stick to their doctrine of choice without taking changing conditions into account. Doing otherwise is hazardous to their standing in their party, which will have a doctrine which is more or less etched in stone.

 

Thank you for your loyalty.

 

Maybe it will be our friend?

Depends on how fast the boats can deliver. Even then, the loss of SPR to the supply means some price increase.

 

If only we had the wisdom of the petunias...

 

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I don't work for "Speedway" (a 7-11 company now) I don't get paid by them, but I do get nice deals for being a loyal customer. This post is not any sales message for them.
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I don't know what if any kinda 45/47 Pump Tax is involved here. My point is, is that I got a 13¢/gal discount today. I use their Speedway card at the register for purchase points, and being that it's pay-first everywhere now I put the amount of $$$ I want on a "Fuel Only" card. This combination generally gets me 8¢ off/gal. It would be more if I used mid-grade or premium gas. Today I got a "Loyalty" email giving me another 5¢ off/gal. All-in-all ... like I said ... I got 13¢/gallon off today. I was only able to put 7+/- gallons in, which is a lot for having 2 bars on my gauge. OK ... +/- 95¢ ... BFD ... but still.