The nation’s average price of gasoline has fallen 4.5 cents over the last week and stands at $2.85 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country.
Great rundown of market dynamics here. The point about OPEC+ messaging doing little to reassure traders is key because it signals growing skepticism about whether the cartel can actually enforce cuts when prices slide. Ive noticed this same dynamic play out in past cycles where production discipline breaks down once individual members prioritze revenue over coordination. When refineries hit 94.5% utilization and supply outpaces demand, price pressure becomes almoost inevitable regardless of rhetoric.
Great rundown of market dynamics here. The point about OPEC+ messaging doing little to reassure traders is key because it signals growing skepticism about whether the cartel can actually enforce cuts when prices slide. Ive noticed this same dynamic play out in past cycles where production discipline breaks down once individual members prioritze revenue over coordination. When refineries hit 94.5% utilization and supply outpaces demand, price pressure becomes almoost inevitable regardless of rhetoric.