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Gasoline Prices Dip for 2nd Straight Week; Americans Saving $200 Million per Day

Posted on 4/21/25 at 8:15 am
Posted by ragincajun03
Member since Nov 2007
24696 posts
Posted on 4/21/25 at 8:15 am
quote:

The nation’s average price of gasoline has declined for the second straight week, falling 3.4 cents compared to a week ago and stands at $3.10 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is up 1.8 cents from a month ago and is 54.6 cents per gallon lower than a year ago. The national average price of diesel has decreased 2.7 cents in the last week and stands at $3.519 per gallon.

“The national average has seen its second straight weekly decline, with gas prices falling in over 40 states. However, some states have seen increases due to localized price cycling,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With oil prices rallying over the past week, we may start to see the downward trend in gas prices begin to stall. So far, 2025 has been relatively calm at the pump for most Americans, thanks in part to OPEC’s ongoing restoration of oil production and continued uncertainty surrounding tariff policy and its potential impact on the global economy. Regardless, Americans are currently spending over $200 million less per day on gasoline compared to this time last year.”

As the possibility of a U.S.-led nuclear deal with Iran increases, oil prices have decreased as sanctions relief could potentially be part of a deal, as well as optimism with a brief Easter ceasefire between Russia and Ukraine, and continued worries about rising tensions between the U.S. and China. In early Monday trade, WTI crude oil was down $1.64 per barrel to $63.04, up from last Monday’s $62.43 per barrel start. Brent crude oil was also in the negative, falling $1.56 per barrel to $66.40 in early trade, up from last Monday’s $65.66 per barrel start.


quote:

The SPR rose 300,000 barrels to 397.0 million.


quote:

The states with the lowest average prices: Mississippi ($2.65), Texas ($2.65), and Tennessee ($2.65).

The states with the highest average prices: California ($4.76), Hawaii ($4.42), and Washington ($4.22).

Biggest weekly changes: Ohio (+12.9¢), New Mexico (-11.4¢), Washington (-10.5¢), Michigan (+9.4¢), Idaho (-9.0¢)


quote:

The states with the lowest average diesel prices: Texas ($3.04), Oklahoma ($3.11), and Louisiana ($3.13).

The states with the highest average diesel prices: Hawaii ($5.27), California ($4.93), and Washington ($4.41).

Biggest weekly changes: New Mexico (-8.8¢), Washington (-7.5¢), Texas (-7.1¢), Alaska (+5.7¢), Nevada (-5.0¢).


LINK

Our Big Beautiful Orange President is delivering.
Posted by TDsngumbo
Member since Oct 2011
45406 posts
Posted on 4/21/25 at 8:16 am to
quote:

Americans Saving $200 Million per Day

Thank God, I was down to my last $201 million.
Posted by Smeg
Member since Aug 2018
12176 posts
Posted on 4/21/25 at 8:18 am to
.
This post was edited on 4/21/25 at 8:20 am
Posted by mmmmmbeeer
ATL
Member since Nov 2014
8756 posts
Posted on 4/21/25 at 8:19 am to
Oil futures dropping aren't a good thing, bud. Investors are expecting a large drop in demand. Or, in layman's terms, a recessionary global outlook.
Posted by NIH
Member since Aug 2008
116962 posts
Posted on 4/21/25 at 8:20 am to
Aren’t you the guy that fantasizes about his daughter?
Posted by natsoundup1
Member since Jul 2024
23 posts
Posted on 4/21/25 at 8:23 am to
2.45 in Greenville Sc
Posted by ragincajun03
Member since Nov 2007
24696 posts
Posted on 4/21/25 at 8:25 am to
quote:

I was down to my last $201 million.


Poor.

You live in the trashy part of Denham Springs?
Posted by BigBinBR
Baton Rouge
Member since Mar 2023
7280 posts
Posted on 4/21/25 at 8:25 am to
quote:

Gasoline Prices Dip for 2nd Straight Week; Americans Saving $200 Million per Day


...and why that's a bad thing!

Signed,

CNN
Posted by Mushroom1968
Member since Jun 2023
3523 posts
Posted on 4/21/25 at 8:27 am to
quote:

Oil futures dropping aren't a good thing, bud. Investors are expecting a large drop in demand. Or, in layman's terms, a recessionary global outlook.


Egg prices dropping is also scary. Egg futures show a drop in demand which proves a recession is imminent
Posted by TooFyeToFly
Atlanta, Georgia
Member since Nov 2012
1658 posts
Posted on 4/21/25 at 8:28 am to
OP doesn't understand economics

Since the US is exporting more oil than importing, this means the US is losing money everyday, not saving.

Posted by TooFyeToFly
Atlanta, Georgia
Member since Nov 2012
1658 posts
Posted on 4/21/25 at 8:31 am to
quote:

Egg prices dropping is also scary. Egg futures show a drop in demand which proves a recession is imminent


Yikes. I know you're being ironic, but reading posts about the economy on this board shows how little average Americans understand these concepts. It's scary.
Posted by ragincajun03
Member since Nov 2007
24696 posts
Posted on 4/21/25 at 8:32 am to
quote:

Since the US is exporting more oil than importing, this means the US is losing money everyday


I'm genuinely curious.

In the words of the great Wayne Toups, "Please Explain".
Posted by jizzle6609
Houston
Member since Jul 2009
13797 posts
Posted on 4/21/25 at 8:35 am to
quote:


Oil futures dropping aren't a good thing, bud. Investors are expecting a large drop in demand. Or, in layman's terms, a recessionary global outlook.


I am ok with a recession. The lower the stocks go, the better. Ill buy everyones misery on the way down.

Will only help me build wealth the next 20 years.
This post was edited on 4/21/25 at 8:36 am
Posted by dblwall
Member since Jul 2017
481 posts
Posted on 4/21/25 at 8:35 am to
Anyone get to buy that $1.99 a gallon gas Trump was talking about?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
86681 posts
Posted on 4/21/25 at 8:38 am to
Orange Rad
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
71308 posts
Posted on 4/21/25 at 8:38 am to
quote:


Oil futures dropping aren't a good thing, bud. Investors are expecting a large drop in demand. Or, in layman's terms, a recessionary global outlook.


The article is about current gasoline prices dropping, not futures/speculator activity.
Posted by GumboPot
Member since Mar 2009
132455 posts
Posted on 4/21/25 at 8:42 am to
quote:


Oil futures dropping aren't a good thing, bud. Investors are expecting a large drop in demand.


Supply is up too because the Saudis have increased production (I think Trump asked MbS behind the scenes to up production a little bit).
Posted by BeauxSox
Winter Garden, FL
Member since Feb 2007
1586 posts
Posted on 4/21/25 at 8:44 am to
quote:

Thank God, I was down to my last $201 million.


Subtle, I'm poor brag...
Posted by Tr33fiddy
Hog Jaw, Arkansas (it exists)
Member since Aug 2023
1360 posts
Posted on 4/21/25 at 9:16 am to
quote:

Anyone get to buy that $1.99 a gallon gas Trump was talking about?


I just filled up at 2.58 a gallon. A hell of a lot cheaper than it has been smartass.
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