National Average Gas and Diesel Prices for August 2023
Tracking the Great Reset through Gas Prices
My fellow Patriots,
Fuel prices went up up and up, at least for the most part.
Gas prices for August 2023 opened up at $3.780 per gallon and they rose for five days to $3.831 per gallon. On the 6th, prices decreased to $3.829 per gallon and the decrease continued for two days to $3.824 per gallon on August 8th. The next day prices increased to $3.825 per gallon and the increased continued for 9 days to $3.875 per gallon on August 17th. Starting the 18th, the national average gas prices decreased to $3.873 per gallon. Prices continued to decrease for 10 days to $3.818 per gallon; but starting the following day, prices increased to $3.819 per gallon and continued for three days to $3.827 per gallon. On the last day of August, prices decreased to $3.825 per gallon. All data is from AAA.
The national average diesel prices for August opened up at $4.073 per gallon and prices rose for 19 days to $4.348 per gallon. On August 21st, diesel prices decreased to $4.347 per gallon. The decrease did not last long because on August 22nd, the diesel prices increased to $4.349 per gallon and prices continued through the rest of the month to $4.453 per gallon.
August followed the path of July’s gas and diesel prices: a reduced supply caused by oil production cuts. While the OPEC cuts are still playing a factor in the increase in the fuel prices, there are a few other factors that are leading to the price increases both for gasoline and diesel.
The first factor besides OPEC is that one of the largest oil refineries in the United States had a major fire that shut down production temporarily. The Marathon Petroleum facility is the third largest oil refinery in the US and so a shutdown would most definitely have a major impact on the supply of fuel, thus causing prices to increase.
The second factor is that people are heading back to college, so gasoline is being consumed by students and their families as they are traveling across the country to be indoctrinated by communists while they plunge themselves into crippling debt. Additionally, people are purchasing goods to fill their college dorm rooms so diesel is being consumed as goods are being shipped across the country. More diesel consumption means prices increased.
The third factor is one that applies mostly to gasoline, rather than diesel. People generally travel around Labor Day weekend on their last vacation of the summer, so as people are traveling to see relatives, they necessarily consume more gasoline causing prices to increase.
As people settle back into their normal routines at work, school, and college I expect a slight decrease in fuel prices unless other external factors, such as more OPEC cuts, oil refinery fires, or an escalation of war with Russia/Ukraine occur. If such circumstances happen, it can be reasonably assumed that fuel prices will see further increases.
While the repetition may have become boring by now, the best solution to the shifting fuel prices is to simply prepare as I hope you have been doing these past few months. Learn how to purchase smart, save smart, and most importantly consume smart. The more self-reliant you can be, the better you and your family will be prepared in case/when things get worse.