Fuel prices around the world.

[MossRoad]

Oil was very low cost. Then demand went down as COVID went up and people didn't travel. About 10% of U.S. refineries went off-line last year due to decreased demand. Lot's of reason over the past years for prices to drop. Now, optimism about the future with the rollout of vaccines bringing about more travel in the future, lower refining capacity, and refineries going off-line in the South due to the cold, and the more expensive summer blends will all combine to increase the price of fuel.

Here's why gas prices keep going up — and how high they're likely to rise

Prices are the highest since the pre-pandemic days, and they're still climbing.

www.yahoo.com

 

[MossRoad]

Yet we still have it cheaper than a lot of developed countries.

 

[Hay Dude]

Oil was very low cost. Then demand went down as COVID went up and people didn't travel. About 10% of U.S. refineries went off-line last year due to decreased demand. Lot's of reason over the past years for prices to drop. Now, optimism about the future with the rollout of vaccines bringing about more travel in the future, lower refining capacity, and refineries going off-line in the South due to the cold, and the more expensive summer blends will all combine to increase the price of fuel.

Here's why gas prices keep going up — and how high they're likely to rise

Prices are the highest since the pre-pandemic days, and they're still climbing.

www.yahoo.com

Just because you post a link doesnt mean the link has all the facts. Especially from yahoo.com
Our fuel prices stayed low until September. We were 2.19/G all spring and summer. They rose the most after the election and around the holidays. Covid was almost a year by then.
I think the fossil fuel companies knew on 11/3/20 that their freedom to drill, frack, build pipelines, etc. was going to be curtailed and that reduces future domestic supply and that drives prices up. Retail sees an opportunity to raise pump prices, too.
If the POTUS says he will be reducing fossil fuels, what else would we expect to happen? He sets the tone for the nation and the tone is not fossil fuel friendly.

 

[lman]

Hopefully we can turn things around in a couple of years.

 

[Hay Dude]

Yet we still have it cheaper than a lot of developed countries.

That gives large fuel consumers no comfort. It doesnt bother you because you can handle it. Some of us cant handle that kind of increase easily.

 

[Diggin It]

Prices fell and stayed down all summer due to decreased demand. In the fall, they started going up as they usually do going into winter expecting heating oil, gas and propane demands to increase. Propane prices have risen in winter and fallen in summer ever since I started buying it in '98.

Also, people started to travel again which increased demand.

 

[Hay Dude]

Prices fell and stayed down all summer due to decreased demand. In the fall, they started going up as they usually do going into winter expecting heating oil, gas and propane demands to increase. Propane prices have risen in winter and fallen in summer ever since I started buying it in '98.

Also, people started to travel again which increased demand.

33%?
I could see 10% seasonal price increase, but 33% is a huge hit. I havent seen fuel jump from 2.19 to 2.89 in 3 months in a long time

 

[Diggin It]

Gasoline prices were higher in '17, 1'8 and '19 than they were in '15 and '16.

 

[Diggin It]

33%?
I could see 10% seasonal price increase, but 33% is a huge hit. I havent seen fuel jump from 2.19 to 2.89 in 3 months in a long time

Gas prices were artificially low in '20 due to so much less driving. Even auto insurance companies were giving rebates due to the lower risk of less vehicles being on the road. All that's happening now is that things are beginning to return to normal.

 

[Hay Dude]

OK, we can talk about that, too. But the topic is fuel prices around the world.
Theyre much higher in the USA than they were just months ago. Close to a dollar now.
2010-2013 fuel prices were astronomical compared to 18-20. Really 16-20 look much better than previous periods to me.

Gas Station Price Charts - Local & National Historical Average Trends - GasBuddy.com

Compare gas and crude oil prices over time for the US Average, Canada Average, and your hometown. View charts for the past month to 10 years.

www.gasbuddy.com