National Average Gas and Diesel Prices for March 2024
Tracking the Great Reset through Gas Prices
My fellow Patriots,
As with February, March saw some significant gas price increases.
The national average gas prices for March opened up at $3.331 per gallon and they increased for seven days to $3.400 per gallon on March 8th. On March 9th, the price decreased to $3.397 per gallon and the price decreased the following day to $3.394 per gallon. The price then increased back to $3.397 per gallon and then back to $3.394 per gallon for the next two days. On March 13th, the national average gas price increased $3.396 per gallon and the increase continued for 10 days to $3.534 per gallon on March 23rd. On the 24th, prices decreased to $3.533 per gallon then back to $3.534 per gallon the following day. Prices decreased on the 26th to $3.533 per gallon before rising to $3.535 per gallon the following day and again rising to $3.538 per gallon on March 28th. On March 29th, gas prices fell to $3.537 per gallon and they continued to decrease for the rest of the month to close March at $3.535 per gallon. All data is from AAA.
The national average diesel prices for March opened up at $4.065 per gallon and then decreased for three days to $4.050 per gallon on March 4th. On the 5th, prices rose to $4.055 per gallon and then to $4.059 per gallon the following day. On March 6th, diesel prices decreased to $4.058 per gallon and the decrease continued for four days to $4.033 per gallon on March 11th. On the 12th, price rose to $4.036 per gallon and to $4.039 per gallon on the 13th. On March 14th, prices decreased to $4.037 per gallon and to $4.035 per gallon on the 15th. The following day, the a national average diesel price rose to $4.037 per gallon before decreasing back to $4.035 per gallon on March 17th and then even lower to $4.027 per gallon on the 18th. On March 19th, diesel prices rose to $4.040 per gallon and the increase continued for three days to $4.061 per gallon on March 22nd. On the 23rd, prices decreased to $4.060 per gallon and the decrease continued for two days to $4.042 per gallon. On March 26th, prices rose to $4.050 per gallon and then to $4.051 per gallon the next day. On the 28th, prices fell to $4.047 per gallon and they continued to fall through the rest of the month to end March at $4.031 per gallon.
As can be seen, there was a major discrepancy between the prices of gasoline compared to diesel, where gasoline had a net increase of over 3 cents while diesel has a next loss of over 3 cents. Clearly the increases and decreases were not because of the price of crude oil or both types of fuel would have been affected in the same direction. Therefore there had to be a change in the consumption of each type of fuel. Now, since March is when schools are on spring break, it would make sense that people are going to consume more gasoline and purchase less goods (therefore consuming less diesel), which would explain why gasoline prices rose while diesel fell.
Even though I am releasing this article a week later than I normally would, I am not going to mention any effects in the fuel market which have occurred in April so far. All I will say is that April is likely to be a very interesting month with significant fuel price hikes.
On the topic of the month of April, I would like to announce that the gas price analysis for April 2024 will be my final monthly analysis. The time it takes to research and write each article is not worth the return that it brings. These articles do not bring in new eyes to my Substack so there are no gains for me. I hope you all will understand my reasoning for discontinuing these monthly articles.
Although the monthly articles will end, I will continue to daily post the national average fuel prices on social media because those do benefit people. Now, if these articles do start to pick up viewers between this month and next month, I might consider continuing the monthly analysis, but without any increases in my audience, I am simply wasting my time, which I do not have a lot of.