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Fuel cost is down in part due to releasing oil from the US Strategic Petroleum Reserve. The release will stop in October. https://www.energy.gov/articles/doe-i
by peteey 4y ago
Fuel cost is down in part due to releasing oil from the US Strategic Petroleum Reserve. The release will stop in October.
https://www.energy.gov/articles/doe-issues-fifth-emergency-notice-sale-crude-oil-strategic-petroleum-reserve https://www.energy.gov/articles/doe-issues-fifth-emergency-n...
- Kye 4y agoThat's around the same time gas stations switch to cheaper winter-grade fuel and demand drops, so maybe the price drop will stick.
- jusonchan81 4y agoIt’s purely anecdotal but me and a bunch of people I know reduced driving quite a bit since the prices went up. Is it possible that the demand went down? Could the recent price movements be partially attributed to the demand supply paradigm?