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Pump Prices Plummeted in Past two Months
Wed, January 16, 2019

If you’re going to put in gas tonight, wait until tomorrow - because it will be cheaper.  

For the first time in two years, Premium fuel will be under 10 dollars per gallon.  That’s right, the price of Premium is going down 52 cents from $10.47 per gallon to $9.95 per gallon.  And, diesel is also going down quite a bit.  At midnight, the price for a gallon of that fuel will drop by 52 cents, bringing it to $9.31. For now, the price for regular fuel remains unchanged. Government boasts that “this is the third consecutive decrease in pump prices since November 2018.  Since then, diesel has gone down by almost two dollars per gallon. Of course this is simply a testament to how insanely high prices had gone - with government collecting record high fuel taxes every step of the way.  

And, don’t thank government for the drop in prices - it’s due to plummeting world prices for oil due to over production.  A release from the Ministry of Finance notes, quote, “The dramatic fall in fuel prices is principally due to weakening global demand reflecting concerns about economic growth prospects in 2019 and also a step up in production in the United States, Saudi Arabia and Russia.â€￾

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