Kansas City Gas Prices Decline Until Strategic Reserves Run Out

Here's a quick political trick played on stupid people who base their opinions on the news cycle . . .

"Although we’ve seen a recent decline in prices at the pump, the per gallon cost of gasoline is nearly 77 cents higher than a year ago."

Even more importantly . . . This not-so-fun-fact puts the drop in context . . . 

Crude oil price only stabilized and began falling in earnest with massive Strategic Petroleum Reserve releases.

Read more via www.TonysKansasCity.com link . . .

KC-area gasoline prices fall nearly 20 cents in last week: GasBuddy

KANSAS CITY, Mo. (KCTV) - The price for a gallon of gasoline continued its decline. GasBuddy reported Monday morning the cost for a gallon of gasoline fell 19.4 cents in the last week, averaging $3.51 per gallon. Although we've seen a recent decline in prices at the pump, the per gallon cost of gasoline is nearly 77 cents higher than a year ago.

Finally . . . A reminder that this isn't gonna last . . . 

The oil market is set to tighten rapidly as winter approaches and prices are still on track to top $120 a barrel, energy expert says

Despite the recent dip in oil prices, the market will tighten up as winter approaches, Energy Aspects' Amrita Sen said. US releases from the SPR are due to stop, demand from China will grow as lockdowns ease, and the EU's partial ban on Russian oil will take effect.

Developing . . .