Forum Discussion
LindsayRichards
Jul 22, 2021Explorer
Oil prices are a function of supply and demand. Demand was down with COVID, but coming back up. Supply is down due to the US federal lands being off limits now after 75 plus years of supplying about 30% of our supply. The US has shifted from a net exporter to a net importer. The same is true of natural gas. Our local prices have been artificially lower due to a new retailer that is trying to establish themselves and is undercutting the prices. We were running about $2.99 and have dropped down to about $2.87. It is WAWA which is big up North I am told. Nice pump islands and easy in and out for a RV with food cooked on site. Huge crowds there now.
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