National Average Gas and Diesel Prices for February 2024
Tracking the Great Reset through Gas Prices
My fellow Patriots,
We’ve seen the first major fuel price increase in months!
The national average gas price for February opened up at $3.150 per gallon. The price increased to $3.154 per gallon the next day before decreasing for two days to $3.147 per gallon on the 4th. On February 5th, the price increased to $3.148 per gallon before decreasing the next day to $3.145 per gallon. On the 6th, the national average gas price rose to $3.148 per gallon and continued to do so for 8 days to $3.284 per gallon on February 16th. On the 17th, prices decreased to $3.282 per gallon did so for 8 days to $3.262 per gallon. The next day prices rose to $3.264 per gallon and the rise increased for the rest of the month to close February at $3.319 per gallon. All data is from AAA.
The national average diesel prices for February opened up at $3.937 per gallon. The price rose to $3.938 per gallon the next day before decreasing back to $3.937 the next day. The price continued to decrease for two days to $3.932 per gallon on February 5th. On the 6th, diesel prices rose to $3.934 per gallon and the increase continued for 11 days to $4.108 per gallon on February 17th. On the 18th, the national average diesel price decreased to $4.106 per gallon and that decrease continued for two days to $4.094 per gallon on February 20th. On the 21st, prices rose to $4.097 per gallon before decreasing the next day to $4.095 per gallon. The decrease continued for the rest of the month to close February at $4.070 per gallon.
February is the first month since March of 2023 that gas prices had a net gain of more than $0.200, and diesel saw significant gains itself. Granted these price increases are long overdue, but as I have talked about before, there are manipulating forces in play somewhere along the supply chain. Also, as I have mentioned before, these manipulating forces are not readily apparent. With a continuing decline in domestic production and a prolonging of the wars along the Russia/Ukraine border and the war between Israel and Hamas, fuel prices should have sky rocketed.
The only possible reason for February’s price increases, besides the obvious reasons (which have strangely not affected fuel prices), is that Biden announced additional sanctions against Russia, so it is possible that those sanctions included a decrease in imports of Russian oil. Other than that, there were not any refinery fires or other supply chain disruptions that would have caused fuel prices to increase like they did.
Time will tell as to whether these increases are isolated to this month or whether they will continue as America approaches the 2024 presidential election in November.