Sunday, August 31, 2025

Low gasoline prices

No news here. 


A government agency points out the low price of gasoline. CNN celebrates the low price of gas. And Fox Business attributes the low price to Trump's energy agenda. I think Fox would do better to attribute the low price to Trump's economic policies in total, but that's just me.

Low gasoline prices may mean the demand for gasoline is low. Maybe not, because the news today was predicting a high volume of Labor Day traffic. I guess we'll see.

If gas prices are low because demand is low, maybe demand is low because a recession is developing. 

I guess we'll see.

 


All old dates on these news items, for what that's worth.

 

I wanted to look at gasoline demand, but I ended up looking at prices. The price pattern seems about the same for all the data I looked at: A high point near $5 in 2022 ($6 for premium gas) working its way down to about $3 now ($4 for premium) and the decline appears to have stalled at that point.

The "low" we are at now is low compared to 2022 but high compared to 2020. So I don't see anything newsworthy about the recent price of gasoline. But I didn't know till I looked. 

I looked at 5 different graphs of gasoline prices. First, graphs for 3 different areas of the country:

Two more graphs, these showing the average city price for Regular gasoline and High Test:

My record of prediction is complete failure so don't take my word for this, but I don't see any indication of approaching recession in the price of gasoline. But again, I did have to look or I wouldn't have known.

Going with my gut, I still think Trump's economic policies are moving us toward a depression (not recession). But that's just me. 

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