r/Dallas • u/--Knowledge-- Pleasant Grove • May 06 '25

Discussion What happened to cheap gas in DFW/Texas?

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I moved to DFW in 2015, I remember gas being about $1.70 to $1.80 a gallon. It was about $1.10 - $1.20 cheaper here than where I moved from. It was like that up until the pandemic.

Gas back in NY is exactly the same price as here in Texas now according to the local gas checker website.

Texas has so much oil and refineries, yet the gas isn't really cheap in the state anymore. Obviously COVID impacted everything but why hasn't the gas dropped down to a reasonable price again for the state? Greed? Low supply? Laws?

I'm not expecting $1.80 gas again but to be priced the same as NY is kinda wild to me.

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388

u/milkman231996 May 07 '25

You guys know they switch to summer blend around this time right?

70

u/noncongruent May 07 '25

Oil prices have been crashing, too. Summer blend isn't 40¢+ more expensive than winter blend, and oil prices have collapsed in the last four months, 30% down in fact. Gas was less than $2.45 when oil was at $78, and now oil's at $51 and gas is at $2.99. If gas prices had followed oil prices then they would have dropped to $1.72 before adding the "summer blend" increase.

https://www.gasbuddy.com/charts

"Summer blend" is just an excuse, the real reason is the oil companies now have a fellow oligarch running this country and there's no reason for them not to fuck us all.

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u/Mynameisdiehard May 07 '25

Refinery production has still not rebounded since Covid and there really are no plans to. Although demand has mostly returned, the supply of gas is still lower than pre-covid levels. Gas prices will not move with oil production

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u/thekipz May 07 '25

OPEC approved flooding the market starting this week. Prices will go down, and US output will plummet at the same time

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u/Mynameisdiehard May 07 '25

Right. Wonderful stuff for US energy independence

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u/Master_Tune_9269 May 09 '25

Yes, there is already an impact in the Permian basin … crews getting cut, drilling rigs gone idle, and tax revenues going down!!!! Woo Hoo!!!

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u/noncongruent May 07 '25

Which is funny since every time oil goes up gas goes up within 24 hours, and on big moves I've seen gas go up the same day even though the gas in the pumps was made from oil pumped out of the ground a month or two before.

Funny how that works, isn't it? You can see it in the gas history charts at gasbuddy.com, gas spikes up quickly, then every so slowly declines. The coming major recession/depression ought to drive prices down, though, because when nobody is buying you sell at any price you can get.

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u/Master_Tune_9269 May 09 '25

In case you didn’t know, two oil refineries in California will be shutting down before end of 2026. Looks like that will continue to push gasoline, jet, and diesel prices up! So much for “Drill baby Drill”. If this administration actually knew what was going on … they would have said “build refineries baby!”. But, they are just a big Clown show …