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BocaHoo91

Joined: 06/03/2005 Posts: 31023
Likes: 52385


Wait, gas prices go up in the summer?


Who knew?

And the data I'm looking at shows gas prices are pretty much flat since that article was written. $2.96/gallon the first week in May (the date of the article) to $2.924/gallon this week. Yes, we're up ~10% from the Q1 average gas price, but the average increase from Q1 to June/July/August over the last 25 years has been 12%

I actually don't have a strong opinion one way or another on the Iran deal other than I suspect Trump backed out of it because a) it was Obama's deal and b) it allowed him to bluster about being tough with Iran neither of which are good reasons to scrap a deal. Will a reduction in supply from Iran effect oil and gas prices? Sure. But at ~$3.00/gallon which on a real dollar basis is pretty much in line with the average price of gas over the last 40 years, I don't think THAT aspect of us backing out of the Iran deal is that big of a deal.


(In response to this post by WahooMatt05)

Link: Weekly gas prices


Posted: 07/05/2018 at 10:20AM



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Current Thread:
 
  
As gas prices rise, our great Prez tweets. -- Lazarus 07/05/2018 08:23AM
  Summer demand ** -- ConnHoo 07/05/2018 09:19AM
  $75 oil is due to Drumpf dumbass Iran policy. ** -- Shenhoo 07/05/2018 11:46AM
  So you approved of the Iran deal? ** -- ConnHoo 07/05/2018 11:53AM
  Simma down, no one is advocating ditching capitalism. -- Chuck Taylor 07/05/2018 09:53AM
  Lol ** -- Guy LeDouche 07/05/2018 3:08PM
  You can find true believers pretty much anywhere ** -- Faz d. Hoo 07/05/2018 09:47AM
  These people simply cannot admit they were wrong -- hooyorkcity 07/05/2018 09:12AM

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