Posted on 03/08/2020 8:12:46 PM PDT by david1292
Yes, that was correct.
Yup. Pass it on to the WH.
“low to negative interest rates. “
the real danger to dividend stocks is if interest rates go up and bond yields start to look good compared to dividends ...
If the demand is there why isn't it being sold domestically today?
those products would use domestic oil to making make more oil producing jobs.
Who's going to buy those products when they're 65% more expensive than the same products from elsewhere?
Where did 65% come form?
Your $50 oil is 65% higher than the current market price of $30.
LOL! a there is no direct connect or liner relationship between oil prices and pump prices. The difference in a gallon of gasoline at $50/bbl of crude vs $30/bbl of crude is pennies on the dollar.
The Link Between Crude Oil And Gasoline Prices
LOL indeed.
This chart shows spot prices for gas at the refinery so it excludes the taxes, transportation and marketing costs that can break the correlation.
But since we're talking about bulk exports it's much more appropriate than pump prices.
BTW, there are lots of other petroleum-derived products exported that are going to show the same correlation to crude prices.
Let see oil is at $100+/bbl and gas is around $3.50/gallon. At $50/bbl gas is just below $2.00/gallon. So for ever $50/bbl increase in crude gas goes up $1.50. So here’s the relationship, every time crude goes up $10/bbl gas goes up $.30/gallon. Or put another way every dollar increase crude gas foes up .03/gallon. Not a crises. A $20.00/bbl tariff would mean a .60/gallon increase in pump price...
Not sure why you’re talking about pump prices. We were discussing bulk petroleum product exports.
Gas has.
Looking at the wholesale prices, the falloff is comparable between gasoline and diesel. As a matter of fact the price premium for diesel is less than it was.
killed about 3,000 today.
Do NOTwait around to hear THAT on the 'news'!
So, what is the current state with the WuhuVirus in Canada?
Especially in Vancouver, B.C.?
Nice chart.
Please keep us appraised of the comparison as the days go on.
OMG I watch Fox Business but I am telling you Charlie GASBAGarino is just rally PISSING ME OFF does this guy EVER have anything positive to say EVER????
Interesting times ahead...
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