A this rate oil will be 150 dollar by Friday
But wait, didn’t TRANS SEC Pete Butt-Edge tell us the other day that the Keystone Pipeline was a permanent solution to oil prices that he did not want to pursue???????
BTW, gold and silver are also up bigly.
Stock market is tanking as is the EURO.
Let’s Go Brandon.
NASDAQ futures off 1.88%
TOKYO/HO CHI MINH CITY/JAKARTA -- An oil price surge is pressuring Asian governments to control the price of gasoline, and while some have allowed prices at the pump to rise, others are eating the costs for fear of stoking public anger.
With the price of West Texas Intermediate crude last week hitting $116 a barrel for the first time since 2008, the Vietnamese and Japanese and other governments are implementing or considering measures to ease consumers' economic burdens.
But governments in Turkey and elsewhere are not, as the cost of regulating fuel prices grows too high.
"Sorry," read a sign at a shuttered gas station in Vietnam last month, "prices are being changed."
In the communist country, where gasoline prices are set by the government, the cost of a liter of 95 octane fuel has been raised six times since Dec. 10, increasing 17% in three months. Consumers' pain has been compounded by a supply shortage. Motorbike riders trying to fill up at hundreds of gas stations last month found pumps put away and signs telling them to return later.
This led to speculation that gas station operators were stockpiling until the next price hike, which can only take place on certain days of the month. Drivers want the state to prevent such manipulation.
https://asia.nikkei.com/Spotlight/Market-Spotlight/In-Asia-oil-price-surge-stokes-government-fear-of-angry-voters
Bidens on a roll, hold on tight this party is about to get Hot!!
U.S has More oil than all the Middle East put Together.
https://freerepublic.com/focus/f-news/4044251/posts
Here in Sacramento most of the stations near me are now above $5 for reg unleaded.