Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

patphil

(8,725 posts)

8. Oil prices have fallen about 20% this year.

Reply to BumRushDaShow (Original post)

Mon May 5, 2025, 11:05 PM

May 2025

I haven't seen much change in the price of gasoline over the past several months. It's maybe gone down about 10 cents a gallon where I live; from about $3.20 to about $3.10.
I would expect to see a much more substantial drop in the summer if OPEC releases a glut of crude as they are planning.
Usually the price of gas goes up in the summer. Will it be different this year?

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

9 replies

= new reply since forum marked as read

Highlight:

U.S. crude oil prices fall after OPEC+ agrees to surge production in June [View all] BumRushDaShow May 2025 OP

Lots of US oil businesses start losing money below $60 a barrel. Will be business and employment impacts. Surprised... dutch777 May 2025 #1

Russia will also lose with the lower prices BumRushDaShow May 2025 #2

That's true, it discounts off the prevailing benchmark and will lose Putin rubles. Thought we were going to... dutch777 May 2025 #3

I saw a recent article about the ghost fleet BumRushDaShow May 2025 #5

Really would not be hard to ID and track the tankers when they leave port. They turn their transponders off but... dutch777 May 2025 #9

The fatalist techbros need cheap energy for their AI and end times bunkers Clouds Passing May 2025 #4

I hope we can drink gas mdbl May 2025 #6

I expect some of the petroleum refinery "cracking" process BumRushDaShow May 2025 #7

Oil prices have fallen about 20% this year. patphil May 2025 #8