National Average Gas and Diesel Prices for January 2024
Tracking the Great Reset through Gas Prices
My fellow Patriots,
January was a fairly mild month, but February could be interesting.
The national average gas price for January started off at $3.110 per gallon and prices decreased for seven days to $3.077 per gallon on January 8th. The price then increased the next day to $3.078 per gallon and stayed at that price for two days until decreasing to $3.077 per gallon on January 11th. Prices then continued to decrease for four days to $3.068 per gallon. On January 16th, the national average gas price rose to $3.072 per gallon and it continued to rise for two days to $3.094 per gallon on January 18th. The next day, prices decreased to $3.088 per gallon and continued for three days to $3.077 per gallon. On January 23rd, gas prices rose to $3.084 per gallon and continued to do so for eight days to close out the month at $3.141 per gallon on January 31st. All data is from AAA.
The national average diesel price for January 2024 started at $3.983 per gallon and then the next day it decreased to $3.977 per gallon. On January 3rd, the price rose to $3.982 per gallon before decreases the following day to $3.979 per gallon and continues to do so for five days to $3.946 per gallon on January 8th. The follow day, diesel prices rose to $3.947 per gallon and stayed like that through the next day before decreasing to $3.943 per gallon on January 11th. On the 12th, prices continued to decrease and did so for three more days to $3.917 per gallon on January 15th. On January 16th, the national average diesel price rose to $3.927 per gallon and then to $3.938 per gallon the following day. On the 18th, the national average diesel price decreased to $3.936 per gallon and that decrease continued for four days to $3.905 per gallon on January 22nd. The next day, prices rose to $3.915 per gallon and then to $3.920 per gallon the following day before decreasing to $3.917 per gallon on January 25th and then to $3.915 per gallon the following day. On the 27th, diesel prices rose to $3.918 per gallon before decreasing the next day to $3.915 per gallon and then $3.906 per gallon on the 29th. On January 30th, prices rose to $3.920 per gallon and continued to rise to close the month at $3.935 per gallon on January 31st.
Fuel prices for January experienced a lot of ups and downs (although diesel was more volatile than gasoline). As those who follow me on social media and/or listen to my podcast know, I was out of the country for the majority of January so I was not following the news as closely as I normally would. Once I came back to the US, I did see some different articles relating to fuel supply chain issues. The major issue right now would be the Houthis attacking cargo vessels in the Red Sea as well as the other war in the Middle East. Now granted, there is clearly some other manipulation happening, because the instability in the Middle East should be leading to higher fuel prices than what is being seen.
The Middle East is the not the only reason for prices to be volatile on Wednesday, January 31st, there was a major gas pipeline explosion in Oklahoma; although we are not likely to directly experience fuel prices changes for at least another day or two as the market has to react; although both gas and diesel prices did spike toward the end of the month.
The end-of-month price spikes give some indication that prices will rise a decent amount in February, but this has happened before only for prices to again decrease before the first week of the new month finished. What is known for certain is that prices are going to remain unpredictable and this is likely due to some price manipulation somewhere on the supply chain, whether it is at the crude oil level or somewhere along the refinement-tank level. Just keep saving money and being smart.