Oil Price Down 25% Since January

[initforme]

$3.29 here

 

[CrusaderFrank]

Reversing energy-stifling democrat policies has resulted in a significant drop in crude oil prices. This impacts every aspect of the economy as we rely on energy in every way. Gas prices should follow shortly. This also could counter potential price increases due to tariffs.
Win-win.
Unfortunately, thanks to democrat money-printing and consequential inflation, dollar values of oil likely won’t get to below $50 as they were just before Biden took office. However, they will be that low relatively.

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Yeah, but what about eggs? Huh

 

[LAUGHatLEFTISTS]

For the 4,657,453rd time, the American president does not control the economy, price of oil or eggs. The American president merely presides over the government.

Politics isn't football, no matter how enthusiastic one is about it.

Release the strategic oil reserves!

 

[Zincwarrior]

If the price goes down near $50, producers will quit pumping. $2 gas is a fantasy that isn’t going to be realized, because producers would be losing money.

They already are.

https://www.cnbc.com/2025/05/06/us-oil-production-will-start-to-decline-due-to-price-plunge-diamondback-ceo-warns.html

U.S. onshore oil production has likely peaked and will start to decline due to the recent plunge in crude prices, jeopardizing the nation’s position as the world’s largest fossil fuel producer and its energy security, the CEO of Diamondback Energy told shareholders in a letter this week

U.S. crude oil prices have tumbled about 17% this year as recession fears due to President Donald Trump’s tariffs weigh on demand expectations. At the same time, OPEC+ producers led by Saudi Arabia are rapidly increasing supply to the market.




Adjusted for inflation, there have only been two quarters since 2004 when front-month oil prices have been as cheap as they are now, excluding 2020 when the Covid-19 pandemic swept the world, Diamondback CEO Travis Stice wrote.

“Therefore, we believe we are at a tipping point for U.S. oil production at current commodity prices,” Stice warned the company’s shareholders in a letter published Monday. “It is likely that U.S. onshore oil production has peaked and will begin to decline this quarter,” Stice told investors in his letter, pointing to cuts in activity levels.

Diamondback is an independent oil and gas producer focused on the Permian Basin, the most prolific oil patch in the U.S. The company is the third-biggest oil producer in the Permian and the sixth biggest in the continental U.S., according to data from Enverus.

 

[LeftofLeft]

For the 4,657,453rd time, the American president does not control the economy, price of oil or eggs. The American president merely presides over the government.

Politics isn't football, no matter how enthusiastic one is about it.

President and the Government don’t control or set prices for any industry But their policies DO impact prices. A President that pushes more regulation towards an industry as Obama and Biden did at the oil industry will see price increases. Why? Because regulations increase costs.

 

[konradv]

President and the Government don’t control or set prices for any industry But their policies DO impact prices. A President that pushes more regulation towards an industry as Obama and Biden did at the oil industry will see price increases. Why? Because regulations increase costs.

Regulations can lower costs. What’s the cost to an individual, if safety regulations are discarded? It’s not just about money.

 

[LeftofLeft]

Regulations can lower costs. What’s the cost to an individual, if safety regulations are discarded? It’s not just about money.

If the regulation is a price ceiling or mandate, then, yes, it can lower costs to the consumer. But, the companies still incur more costs. If the government-regulated price control or mandate impacts profit, the company then must downsize or contract.

Everyone agrees safety regulations are necessary yet not all regulations are for safety and/or egregious regulations can be done in the name of safety.

 

[konradv]

If the regulation is a price ceiling or mandate, then, yes, it can lower costs to the consumer. But, the companies still incur more costs. If the government-regulated price control or mandate impacts profit, the company then must downsize or contract.

Everyone agrees safety regulations are necessary yet not all regulations are for safety and/or egregious regulations can be done in the name of safety.

They’re never presented that way by the administration; ‘all regs bad’ is what we get

 

[LeftofLeft]

They’re never presented that way by the administration; ‘all regs bad’ is what we get

From one extreme to another

 

[RoshawnMarkwees]

Yeah, but what about eggs? Huh

If your HVAC, cars and business all run on eggs you may have some concern.

 

[jknowgood]

interesting.

Two weeks ago, Trump falsely claimed “a couple” states had just seen gas prices fall to $1.98 per gallon. That was not even close to true – no state had an average lower than about $2.70 per gallon, and there was no evidence any individual station was offering gas for under $2 per gallon – but the next day Trump said “three states” had just hit $1.98 per gallon, which was also far from the truth.


Just so YOU know

Trump says rising prices ‘peanuts’ compared to cheap gas​

MSN

MSN

Yes I saw it the other week as low as $2.32 a gallon, so I'm sure it got as low as $1.98.

 

[RoshawnMarkwees]

Yes I saw it the other week as low as $2.32 a gallon, so I'm sure it got as low as $1.98.

Lowest I’ve seen so far was $2.30 in western Ohio. That’s the equivalent of about $1.80 during trump 45.

 

[Twisted Gypsy Child]

Yes I saw it the other week as low as $2.32 a gallon, so I'm sure it got as low as $1.98.

Lowest I’ve seen so far was $2.30 in western Ohio. That’s the equivalent of about $1.80 during trump 45.

It was at a Trump gas station, unfortunately it went bankrupt.
They did not pay the oil company for the gasoline, and they are coming to repo it out of peoples tanks

 

[CrusaderFrank]

If your HVAC, cars and business all run on eggs you may have some concern.

 

[konradv]

If your HVAC, cars and business all run on eggs you may have some concern.

You don’t get much power out of egg farts.

 

[dudmuck]

Lowest I’ve seen so far was $2.30 in western Ohio. That’s the equivalent of about $1.80 during trump 45.

 

[Concerned American]

No. OPEC opened up production. US E&P entities have been cutting back developing new reserves.

Yep, and blue state legislatures are being proactive in passing new fuel taxes to counter the inevitable fuel price decreases. Their constituents' fiscal security takes a back seat to any semblance of Republican successes. LMAO, democrats are traitors.

 

[Admiral Rockwell Tory]

2.85 here

$2.42 at Walmart in Tennessee.

 

[Concerned American]

It was at a Trump gas station, unfortunately it went bankrupt.
They did not pay the oil company for the gasoline, and they are coming to repo it out of peoples tanks

Wow, typical democrat. When all else fails, LIE and claim it is sarcasm. ROTFLMFAO

 

[Moonglow]

Oil is climbing now on the hopes that China and the US have settled the tariff tiff.