I neglected to mention that gasoline is down almost 3% today.
It’s $2.84 at one of my favorite stations
DNC actions drove refineries out of US. Ditto for production and transport — except for RR owners that profited when the Keystone was killed.
Critics of tariffs are extraordinarily stoopid, even for Demos. Short term the (subsidized) suppliers will take a hit at sales — which will force sales back to US suppliers. Price increase? Sure. So wut? Buy American has always been more expensive. But, pull yer head out. Producing American means more jobs in US — and the $$ stay here.
Longer term, this will incent US producers to move production and jobs back to US — so that tariffs become less important to the market.
And oil stocks are slightly down instead of zooming up as one might expect if this was true ...
I went on Gas Buddy early this morning to advise my wife where to get gas today, when she goes to town to work. All the prices that changed this morning (ie., within the last 2 hours) are up about 18-20 cents. More should come in a little later. (Not many people are out @ 5 a.m.!)