National Average Gas and Diesel Prices for February 2023
Tracking the Great Reset through Gas Prices
My fellow Patriots,
If January 2023 was a confusing month for gas and diesel prices, February 2023 will melt your mind!
The month of February opened up with a continuation of the decline in the national average Gas price, at $3.501 per gallon. Prices declined for 13 days to $3.414 per gallon on February 14th. Starting the next day, gas prices rose to $3.418 per gallon and continued to rise for another day to $3.422 per gallon as a national average on February 16th. Beginning on February 17th at $3.421 per gallon, the national average gas price began to decline and it did so through the end of the month, with prices closing at $3.357 per gallon. All data comes from AAA.
For the national average diesel prices during February 2023, diesel prices opened up at $4.678 per gallon. The prices then declined the entirety of the month closing at $4.409 per gallon as a national average diesel price.
As I mentioned at the beginning of this article, the reason why gas and diesel prices are the way they are this month is confusing. There is one obvious reason as a contributing factor to the decline in prices, but there are other factors that should have caused price increases, more than the two days that gas prices increased in the middle of February.
One of the factors that would lead to lower gas prices is that Biden released another 26 million barrels of oil from the US Strategic Petroleum Reserve. This would flush the market with more resources so to lessen the prices. Another factor, but not an obvious one, must be that because of people out of the workforce and because of the price of gas, people are driving less and therefore consuming less gas. By consuming less gas, but with an equal or greater amount of gas in the market, prices will naturally decrease. Of course, nothing is truly “natural” about these decreases because they are based on market manipulation and a suffering economy leaving people with less money to spent.
For diesel prices, the factors are similar. Obviously a release from the petroleum reserves would also mean that more diesel is in the market, thus lowering the prices; and because of people having less money to spend, due to price increases and inflation, people cannot buy as many goods, therefore less goods are hauled by trucks and less diesel is consumed. The economy is affecting gas and diesel the same way, but with slightly different methods for each.
There is another possible factor to the decrease in the national average gas and diesel prices, and it is one that I am less sure of because it is harder to prove. It is that Gas Buddy and AAA are using different methods of data collection, from what they used to use, so they can push forward a narrative of national average price reduction. Obviously, I can not prove this, but it is a possible factor.
What about the factors that would cause prices to increase? On February 23rd, Pemex, which is a Mexican oil company, had three fires at three separate facilities in one day. While Pemex is saying that no permanent damages were done to the facilities, fires of that sort would still slow or halt production for a couple days while inspections are being done. Such a slow down, even for a single oil company would cause ripples throughout the oil, gas, and diesel markets; ripples that should have caused at least a slight price increase, yet no national average increases occurred.
An additional factor is the massive earthquakes that have been occurring in Turkey. While Turkey does not export crude oil, major events in one part of the Middle East always end up affecting all parts of the Middle East, especially in terms of the oil markets. I would not expect the earthquakes to massively affect the oil, gas, and diesel markets in America, yet I expected some price increases, but alas, such increases did not happen.
Overall, the reduction in national average gas and diesel prices is not a positive reduction. The factors that are leading to the price decreases are bad for our country, bad for our economy, and bad for you. Unless things change soon, gas and diesel prices will be the least of our worries!