Did I miss an oil rig explosion?

[MacTavish]

The QT one mile from my abode is $2.04. That is down $0.04 from a few days ago.

 

[GeauxLSU]

The difference is just a little reading:

https://www.kiplinger.com/article/business/T019-C000-S010-energy-price-forecast.html

Saudi Arabia is dialing back its oil exports in accord with OPEC’s recent decision to curb production. Oil has started to rally. Increases in the price of crude usually start showing up at the gas station several days later.

During the summer, the benchmark gas futures contract consistently traded at a bit less than $3 per million British thermal units. An autumn cold snap sent its price soaring to nearly $5 per MMBtu in a matter of weeks. But as we noted at the time, a return to milder weather would push gas prices back down, and that’s exactly what has happened: Gas futures are now trading at $2.94. If frigid temperatures return, another price spike is likely, because the amount of gas held in storage remains below average. But otherwise, we look for gas prices to stay near $3 per MMBtu.

We use about 140 billion gallons of gas per year in the U.S. That $1/gallon increase removes obviously $140 billion dollars from the pockets of consumers and potentially other industries. $140 billion is larger than the entirety of several ubiquitous industries, for example, it equates to the entire motion picture and sound recording industries.
So perhaps we should pray for higher gas prices to bankrupt Hollywood?

 

[GeauxLSU]

Just a sign I found on the net. But down the road gas is 1.75 a gallon.

Still interested in weekly deliveries.

 

[BDR1]

The price went up because CLEMSON beat ALABAMA...the oil people see it as the world is coming to an end so they going get it while they can...

 

[Hayata]

The price went up because CLEMSON beat ALABAMA...the oil people see it as the world is coming to an end so they going get it while they can...

Finally explained!

OP, you can close the thread now.