National Average Gas and Diesel Prices for October 2023
Tracking the Great Reset through Gas Prices
My fellow Patriots,
America is worse off because of these reductions in the national average gas and diesel prices.
The national average gas prices for October 2023 opened up at $3.815 per gallon. Prices declined for the entirety of the month to close on October 31st at $3.478 per gallon. All data is from AAA.
The national average diesel prices for October 2023 opened up at $4.560 per gallon. Diesel prices decreased for 15 days to $4.456 per gallon on October 16th. The following day, they increased to $4.459 per gallon and they continued to increase for two days to $4.464 per gallon on October 18th. On October 19th, the national average diesel price decreased to $4.463 per gallon. The next day, the price increased to $4.475 per gallon and they continued to increase for five days to $4.516 per gallon on October 25th. The next day, October 26th, the diesel price decreased to $4.508 per gallon and continued to decrease through the rest of the month to close on October 31st at $4.461 per gallon.
So why are fuel prices decreasing? This is probably the question that is on the forefront of your mind. There is a new war in the Middle East, the US isn’t drilling for more oil, and the Russia/Ukraine conflict is still going on; so prices should be increasing drastically, right? Under normal circumstances this would be the case, but you have to remember that the Biden Regime is draining the US Strategic Petroleum Reserves (SPR) to subsidize our crude oil supply. In fact, as of October 13th, 2023, the SPR has only 17 days worth of crude oil left.
As a reminder, the 17 days left of oil does not mean that in less than three weeks the SPR will be completely drained, but that if all crude oil imports and drilling stopped and we only pulled from the reserves, the US would have 17 days left of oil if the level of daily consumption stayed consistent. Since the Biden Regime is still using the SPR to subsidize the fuel supply, there are now less than 17 days worth of crude oil; this, on the heals of a possible major escalation with Israel and Hamas that could draw the US (and other nations) into a war is extremely dangerous.
Going forward, until the US Strategic Petroleum Reserve is no longer being used to subsidize the fuel supply OR the war in the Middle East (and Eastern Europe) ramps up even more, prices will most likely continue to decrease for a while until the economic floor is reached. As before, just continue to do whatever you can to save money on fuel and other goods as well as working to become more and more self-reliant.