Gas Prices on the Downhill

Hey, there's been a turn of events-prices went up and everyone had something to say. But now they've managed to steady the flow of fuel. Just fluke this happened.

DennisinPeoria :
I was hoping that was the fastest drop in gas prices in 24 hours I'd ever seen!! Drats!!

Trump just ordered DOJ to look into high gas prices in places where they have not come down or have barely come down.

I thought that unregulated capitalism is what makes us better than every other country. Trump must be the "big government" that Republicans have been warning us about.

Pekin's gas prices have gotten weird. Usually they're the same all over. Over the weekend, most were $3.89.Today, Marathon on Broadway was 3.99, Kroger had dropped .05 to 3.84;
But the Casey's on N. 8th Street had jumped to 4.19.
Meanwhile, North Pekin and Creve Coeur are down to 4.12. Overall, prices still much higher than February 27, and I doubt we'll see those prices again this year, despite the November election. My opinion and mine alone and not my employer's.

Despite oil being $70ish per barrel, I expect the gas stations to attempt to hold out lowering prices until after the Holiday.We've seen it before, the Monday after the holiday, the price drops 20-30 cents per gallon.

If I owned a gas station I'd be holding out as long as I could too.

Beck's in the heights lowered their's a whopping nickel to $4.24/gallon.

I'm just glad that I don't have to fill up every week or two. It's gotta be hard for a working family to keep gas in two cars.

According to Yahoo Finance, oil prices have dropped to about $72-$73 a barrel, lowest since Feb. 27.
finance.yahoo.com/ma rkets/article/oil-pr ices-drop-as-more-sh ips-move-throug
So how long before gas gets back to Feb. 27 prices? Quite awhile because.....Unfortunately, while the oil story was 2 days ago, today it looks like this hillbilly type feud has erupted again. apnews.com/live/trum p-administration-upd ates-06-26-2026
(2 stories are connected, so didn't put this in other thread, sorry)

DennisinPeoria :
Oil is currently at $69.23/barrel Gasoline is at $2.95oilprice.com/

kraziebill :
$2.95, is that the current wholesale price?

DennisinPeoria :
Yes

Almost every large metropolitan area in Illinois, even parts of Chicago, are under $4 a gallon EXCEPT Peoria. Even BFE areas of Shawnee National Forest is under $3.50/gallon and one is at $3.19!!! $2.89 outside of Terre Haute, IN.
Still say there is a Peoria Gas Mafia. The pricing here is more than just state tax, rainfall tax and city tax.

Meanwhile.The U.S. Took Over Venezuela's Oil Industry. Where Has All the Money Gone?
www.cfr.org/articles /the-u-s-took-over-v enezuelas-oil-indust ry-where-has-al

...In the first four months of the United States exerting control over Venezuela's oil exports, almost one hundred million barrels of oil worth an estimated $8 billion have flowed through a process marked by no transparency and minimal oversight. While the Trump administration has repeatedly framed this control as benefiting both countries, it has not publicly disclosed how much Venezuelan oil it has sold, how much revenue it has collected, or how it has used those funds since seizing control of the country's oil exports following the January 3 military intervention that deposed Venezuelan leader Nicolás Maduro. ...