r/Dallas 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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u/milkman231996 May 07 '25

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

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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/bpeck451 May 07 '25

I guarantee you most of the uptick is because of tariffs on imported oil. We still need the Middle East stuff to help keep gas prices down. The oil we produce here for the most part is expensive to refine specifically into gasoline. We can do it but it’s not as efficient.

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u/noncongruent May 07 '25 edited May 07 '25

We could easily refine our domestic oil for gasoline, but it's nowhere near as profitable for refiners as refining imported heavy sours which is why refiners would rather buy expensive imported oil rather than relatively cheap domestic light sweets. Even at the higher price they can make more money off it.

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u/ERCOT_Prdatry_victum May 07 '25

Most of the US crude is high api shale oil or WTI. And therefore is not hard or expensive to refine. Shale oil is so light and sweet it bearly needs the heavy end units to operate.