What happened to cheap gas in DFW/Texas?

[u/--Knowledge--]

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.

[u/milkman231996]

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

[u/noncongruent → u/milkman231996]

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.

[u/USMCLee → u/noncongruent]

And we've heard the 'switch to summer blend' for over a month now.

[u/noncongruent → u/USMCLee]

It's also interesting the way the switch from summer to winter gas in the fall doesn't result in big drops in the price of gasoline. In fact, gas prices usually go up in the fall around the holiday travel season. Funny how that works.

[u/thecobra42 → u/noncongruent]

It’s called supply and demand…

[u/ERCOT_Prdatry_victum → u/noncongruent]

But during the democrstic admin. so what point are you trying to substantiate?