National Average Gas and Diesel Prices for March 2023
Tracking the Great Reset through Gas Prices
My fellow Patriots,
The economy is in turmoil and it’s causing gas and diesel prices to be unpredictable!
The national average gas prices for March 2023 opened up at $3.359 per gallon. Prices proceeded to climb for 9 days in a row to $3.474 per gallon on March 9th. The price stayed the same the next day, but starting on March 12, the price declined to $3.472 per gallon . The price rose by $0.001 per gallon the following day, but starting on March 14th, the national average gas price decreased to $3.466 per gallon and continued to decline for 7 days to $3.436 per gallon on March 21st. The price stayed the same for the next day, but on March 23rd, the price increased to $3.438 per gallon and continued to increase to the next day at $3.441 per gallon. Then on March 25th, the national average gas price decreased to $3.440 per gallon, and continued to decrease to $3.435 per gallon on March 28th. Starting the next day, the prices rapidly increased to $3.461 per gallon and they continued to increase through to the end of the month closing on March 31st at $3.501 per gallon. All data is from AAA.
The national average diesel prices for March opened up at $4.400 per gallon on March 1st. The prices declined for 5 days to $4.375 per gallon on March 6th. Starting the next day at $4.376 per gallon, prices began to increase and did so through the next day to $4.377 per gallon. On March 9th, the national average diesel price began to decline at $4.372 per gallon and continued to do so for 18 days to March 27th at $4.238 per gallon. The price stayed the same for the next day and rose on March 29th to $4.240 per gallon. Starting the following day, diesel prices decreased to $4.236 per gallon and did so through the end of the month, closing on March 31st at $4.228 per gallon.
The reasons for the increases and decreases in both the national average gas and diesel prices are similar to last month’s reasons. There was no release of oil from the US Strategic Petroleum Reserves like last month, which likely contributed to the increase in the national average gas price increase. With there being less oil chasing a similar amount of gasoline consumption, the forces of the supply/demand market caused the gas prices to increase greatly over the course of the month. As has been discussed in previous gas price analyses, market manipulation can only go so far in decreasing the price of fuel, eventually the market will win out causing prices to increase.
For the national average diesel price, essentially the exact same reasoning from last month can be used this month: less goods are being bought and shipped. Americans’ bank accounts are still struggling from inflation and with more Americans out of work and living on tighter budgets, people cannot afford to buy as many goods as they used to. Since less goods are being purchased, less diesel is consumed by trucks to haul the goods nationwide. Less diesel consumption means lower diesel prices.
While the analysis this month is less complex compared to previous months, there are economic signals that people should be worried out; not just in relation to gas and diesel prices, but also to the whole of the economy. America is losing her economic strength found in the US Dollar (USD) being the global reserve currency. Brazil and China have struck a deal to trade goods in Yuans and Reaises instead of USDs. China has similar deals with Russia, Pakistan, and some other nations. This is a signal to the world that America is losing her domineering status to China and that other countries should trade in Yuans for better economic stability than trading in USDs. If the US loses the USD as the global reserve currency, our economy will be in a free fall, since that is the only thing propping up the economy.