I think it's a good time to be buying pipeline stocks.
I neglected to mention that gasoline is down almost 3% today.
Haven't a lot of voters in the northeast for decades been supporting politicians who vow to raise energy prices to make us wean ourselves off of energy?
And I think Trump is expecting to lift the tariffs in a few days.
My small Alabama town (which charges more than a larger metro area) just went from $2.85 to $2.79 a gallon today.
$2.46 at Bucees in Auburn!
It’s like Trumps first term and what he did never happened. They are saying what they hope happens not what history suggests will happen.
Has he re-opened the Keystone XL pipeline?
Sheeeeeyit. We pay $1.50 in taxes per gallon here in Commiefornia and I’ve never heard this foo bitch about the impact on prices. And our roads are still pothole obstacle courses.
Something about the law of supply and demand was lost on whoever wrote this. No tariff will have as much effect on the pump price as (even the prospect of) increased domestic production of oil and a negotiated end to the Russian Ukraine war.
U R a TDS anti tariff troll. Go away.
But the price of fentanyl will go way up as well. Nice trade to make.
Gas is down from 2.89 last month to 2.64 same station now
Communists are not real big on supply and demand. Midway down he says oil is down but gas is up.
The markets tell another story today that is for sure.
The only wrinkle here in Pennsylvania is that a law was passed that when the wholesale gasoline price drops the tax increases.
Gasoline taxed at wholesale was signed into law by then Republican Governor Tom Corbett some years ago.
Who cares. We’re no longer governed by the criminals from BOTH political parties.
hmmm and yet oil futures have dropped ffrom $80 at the beginning of the year to $67 now...
In 2017, GasBuddy launched a gas savings program titled "Pay with GasBuddy" intended to let consumers save at gas stations in the United States.[6]As to Oil Price, itis part of a larger MEDIA concern, and the Oil Price folks are Brits, as shown by an exceprt from their Terms and Conditions: "governed by and construed in accordance with the law of England and Wales and each party agrees to submit to the exclusive jurisdiction of the courts of England and Wales."In the same year, GasBuddy was involved in a lawsuit with Reveal Mobile, a location-based marketing company, over the sale of user location data. It was revealed that GasBuddy sold information on more than 4.5 million users to Reveal each month for $9.50 per 1000 users.[7] According to CNET, that information included "users' latitude, longitude, IP address, and time stamps on the data collected," which sparked concern in the media and between its users.
All in all, we are data to these people. Information to be sold.
As to gas prices, my bride and I are happy to pay a little more to stick it to Trudeau. And Doug Ford.
Short term pain for long term gain.
Trump is very good at getting gas prices down. I know you want him to fail for your boy down there, but you will be wrong.
What I do know is that my local farmers, already screaming about being pinched between high costs and low commodity prices, are not very happy about the tariffs and retaliatory tariffs, which together stand to worsen both ends. A lot of the farmers are barely hanging on anyway, and higher prices at the stores don’t get reflected back to them. Wage increases in the job market (theoretically a long term benefit of tariffs) don’t help them either.
One of the problems with a trade war is that you end up essentially with more money sucked out of the private economy and into gov’t. Whups, that’s not a result conservatives can be good with...
What the solution is, besides more gov’t subsidies (ugh), I don’t know.
Part of the root (not a pun!) problem is that farming techniques worldwide are catching up with us. (Remember when the Soviets had food shortages in the stores? Now Russia is a big exporter, competing with our farmers.)