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

No sounds about it from maga, or deplorable was better. A lot of people are sad about this admin, hear it often, sad. Not helping Ukraine because Zelensky didn’t do what he was told that time on the phone. Just one of many wrong things happening that hurts people. A lunatic is making decisions. Congress and scotus fear to stop him.

 

You can't just blame the easily lead for voting him in, it's just as much the fault of those that didn't vote against him ...... I wonder what will happen in the mid terms, not long now ......

T1 Terry

 

$3.06 - today's price at our local Sams Club all-inclusive of State, Federal and other taxes!
($3.06/gallon and falling)

Sam's Club map showed San Antonio Texas as their cheapest gas - $2.40/gallon (and prices falling) all taxes included.

Stocks soar, oil prices fall on tentative agreement to end Iran war

 

I don't like expensive oil and disagree with using the SPR as a market stabilizing device. $3.06 in current money is well less than $2 in pre-covid money.

I also haven't ever been emotionally broken over the result of a presidential election. Quite a few people who put a lot of emotion into their writing about actions in Iran, the Washington monument reflecting pool, etc. were dealing with that emotion before the Iran action. As gasoline prices fall, you won't read how happy these people are that oil is cheaper and attribute the salutary result to the individual against whom they voted. You'll be more likely to see complaints about low prices hurting conservation efforts, or conspiracy theories about the lower prices being the means to a near term electoral end.

That phenomenon isn't confined to Prius owners, but it may be over-represented amongst them.

 

Gas prices dropping from draining the SPR isn't much of a win.
The 'deal' hasn't been signed yet.

 

Indeed. A price drop from flooding the market from the SPR would be a mere manipulation.

A price drop from the prospect of a more freely flowing supply would be a good development.

 

meh....
Time will tell.
Like many things these days people look at issues differently when they're wearing their Trump glasses.

ME?
I don't like using the SPR now and quite frankly it's idiotic that we still have one in 2026 - FOR THE VERY REASON that the Strait is STILL closed and oil is under 80 bucks a gallon......

The present SPR release is...what?
Second largest in history????

 

How many times has he said that a deal was imminent and beginning signed this coming weekend?? Why can't we see the actual deal? Why is it now being called a "letter of understanding"; with 60 days to iron out the details???? That doesn't sound like a peace treaty to me.
When will free navigation of the Strait start? And I mean without paying a bribe to the IRGC???
Analyst say that it's going to take 12-18 months of free Strait navigation to get everything back to normal. Then how long will it take to refill the SPR and at what cost? Are we going to see another 1.5 trillion dollar ask????

YMMV

 

.... and regular averaged $1.16 in 1990. So even if prices are averaging $4 nationwide now, $4 is still cheaper than it was - factoring in for our deflated dollar. Maybe it's my thick skull but I don't see the point in these comparisons.

 

Political fish-slapping.

They should keep emptying it and shut it down.
It's never been used for it's intended purpose and one of the reasons that they ought to put the people who developed hydraulic fracking on Mt Rushmore is that you CAN shut down the NAG and things DO stay more or less normal for months at a time - and this is with the Rooskies and Iranians under sanctions, Venu under rehab caused by their dalliance with Socialism and nationalizing their oil industry AND....a percentage of the OPEC nations having been 'droned' by Iran.

Trump claimed or announced that a peace deal with Iran was imminent or complete at least 38 to 39 times.
SO.
People always blame Lucy for pulling the football away from Charlie Brown, but she's really not the one who is to blame for continuing that cycle, is she?
Chuck has to be into it a little bit, wouldn't you think?

Ahhhh.
Another victim of fake news.....
You cannot see the "deal" for the same reason that you cannot see a unicorn.
-they don't exist.
ALSO - Nobody is talking about a "peace treaty" - at least nobody with a room temp or greater IQ.

What's being talked about is a A Memorandum of Agreement (MOA) which is a written document outlining a cooperative relationship between parties.
It's nowhere CLOSE to a "Treaty."
Treaties are legally binding - Like.....oh.....The Nuclear Non-Proliferation Treaty (NPT) - and let's face it.
There's ZERO PERCENT chance that any treaty will survive in the US Senate to be signed by you-know-who.
THIS is why the Iranians were wiping their backsides with the JCPOA......JUST like the Rooskies did with the The Budapest Memorandum on Security Assurances......which transformed the Ukies from being the #3 nuclear armed nation in the world to their current status....Mugging victim albeit- fighting back fairly well....

Sometimes?
Agreements work.
The Belfast Agreement has been keeping Ireland fairly quiet since the late 90s - but that's ONLY because both sides loved their kids more than they hated the other side.

 

1990 was three and a half decades ago. Covid was six years ago.

The point of the comparison is that the value of the dollar dropped precipitously over a short period between the onset of covid and today. That's inflation rather than deflation.

If the issue is whether gasoline is currently expensive, then number in 1990 dollar values and 2026 values aren't directly comparable. If 2011-2012 prices were nominally what they are today, but the dollars were twice as valuable, then part of the current problem isn't that gasoline has risen in price (along with so much else), but that the value of dollars took an enormous hit.