We in WA experienced the most dramatic drop of gas price within last 30 days. What about your state?
30 days ago it’s $5.49, now it’s $4.29 (price of last Friday When I pumped gas). During this period the only major event is midterms election. No production increase news, no (more) SPR release. Diesel price dropped too.
Oil prices in the last few months clearly were not an outcome of supply and demand. They were controlled by London market (Brent oil). Somebody manipulated this market for political outcomes.