Gas prices are tanking! let me tell you why.

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by WyatteSmith

So, fuel prices are plummeting.

My W/S cost of E10 87 Octane went from:

$2.76/G MONDAY to $2.47 today.

That is in Wisconsin WITH taxes.

Diesel went from $3.58 MONDAY to $3.18 today!!!

See also  Buying a home right now at these elevated prices makes absolutely zero sense with rates this high. You can smell the desperation of the agents any house you walk into.

Here is why.

The economy just went tits up.

One of my stores sells, on average, 22,000 G of clear diesel per day.

This last 2 weeks, we are at 14,000 G per day.

Stores are not ordering durable or soft goods, so a huge reduction in transportation is needed.

See also  Oh, sure, another bull run sounds totally likely with sky-high stock prices and a crumbling economy. Santa comes to town or this house of cards explodes at all time highs?

This is BAD. Stores are NOT ordering more inventory, right before the holidays.

It is over, stick a f**king fork in it.

Do with this what you want.