News for hackers. Stuff that matters.

A comment on Gas selling for under $1 per gallon in 13 US states. Parent comment

Re:Gas selling for under $1 per gallon in 13 US states by Wowfunhappy on Monday April 20, 2020 @10:05AM (#22923892)
Of course, the reason you're not driving right now is also the reason prices are so low.

You can't beat the system...

[ Parent | on HN ]
Re:Gas selling for under $1 per gallon in 13 US states by philshem on Monday April 20, 2020 @10:10AM (#22923918)
Reminds me of the old witticism “You aren’t stuck in traffic. You are traffic.”
[ Parent | on HN ]
Re:Gas selling for under $1 per gallon in 13 US states by mrweasel on Monday April 20, 2020 @10:56AM (#22924337)
Not the only reason. Until last week Russia and Saudi Arabia was in a price war, which was/is a large part of the reason for the low gas prices, at least in the EU.
[ Parent | on HN ]
Re:Gas selling for under $1 per gallon in 13 US states by Wowfunhappy on Monday April 20, 2020 @11:36AM (#22924801)
My understanding was that the price war was still, indirectly, caused by the Coronavirus. The price was dropping a little early on when the virus was mostly confined to China, and the OPEC countries couldn't agree on who should cut production... so they broke up and made everything worse.

https://www.npr.org/2020/03/11/814529252/episode-978-coronav...

[ Parent | on HN ]