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Oil tops $90 7 year high fox business
FOX Business ^ | 2/3/2022

Posted on 02/03/2022 12:46:52 PM PST by SaxxonWoods

Brent crude, the global benchmark, rose to $91 per barrel.

Gas prices, nationally, hit $3.42 per gallon, a 7-year high and energy experts including GasBuddy's Patrick De Haan says prices have a good chance of hitting the $4.00 level.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: biden; bidenlegacy; ididthat; letsgobrandon; poopypantsbiden
WTI and Brent both close above $90 and Barrons says the price could keep right on going up.

A pullback first wouldn't surprise but it does look like tight supplies will continue.

$4.00 gasoline? I remember $4.50 under Bush so $4.00 doesn't look all that high.

1 posted on 02/03/2022 12:46:52 PM PST by SaxxonWoods
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To: SaxxonWoods

Jumped 20 cents per gallon here just in the last week.


2 posted on 02/03/2022 12:48:55 PM PST by Magnum44 (...against all enemies, foreign and domestic...)
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To: Magnum44

It’s weird here, been dropping. Today gasbuddy shows $3.07, down from 3.35ish not to long ago.


3 posted on 02/03/2022 12:54:11 PM PST by SaxxonWoods ("If you see no reason for giving thanks, the fault lies in yourself." - Minquass)
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To: SaxxonWoods

But OPEC’s gonna pump & dump and make millions more for doing nothing.

So it’s kinda like Energy Porn.


4 posted on 02/03/2022 12:54:56 PM PST by Macoozie (Handcuffs and Orange Jumpsuits)
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To: SaxxonWoods

I paid $3.09 3 weeks ago and $3.50 a couple of days ago. I left a “thanks Biden” note on the pump.


5 posted on 02/03/2022 1:11:28 PM PST by subterfuge (I'm a pure-blood!)
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To: Macoozie

Some OPEC members aren’t producing to their quotas now, they can’t. The rest are happy with the pace of rising prices and refused to raise production.

They know how to do the math and they like things just as they are, thanks to Brandon.


6 posted on 02/03/2022 1:15:21 PM PST by SaxxonWoods ("If you see no reason for giving thanks, the fault lies in yourself." - Minquass)
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To: subterfuge

Wow, that’s a quick/large jump. It’s interesting how different prices are around the country.


7 posted on 02/03/2022 1:16:41 PM PST by SaxxonWoods ("If you see no reason for giving thanks, the fault lies in yourself." - Minquass)
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To: SaxxonWoods

Bronco said over 10 years ago that gas needs to be over 4.00.


8 posted on 02/03/2022 1:18:34 PM PST by eyedigress (Trump is my President! )
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To: eyedigress

Heh, the “gas” has no needs and doesn’t care what the price is.


9 posted on 02/03/2022 1:23:15 PM PST by SaxxonWoods ("If you see no reason for giving thanks, the fault lies in yourself." - Minquass)
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To: SaxxonWoods

Maybe the government should limit how much Aviation Gas allowed to AF-1 and fuel for Marine-1 to help save the planet. Congre$$ should also place a limit on how many time their members could fly home every month and get rid of those private jets some of them use.


10 posted on 02/03/2022 1:51:08 PM PST by antidemoncrat (somRead more at: https://economicti Astronomers see white dwarf 'switch on and off' for first time)
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To: Magnum44

Pretty much rose .10 per gallon overnight in the Houston area. It was +- $2.89 a gallon Tuesday, woke up this morning and stations posted $2.99.9


11 posted on 02/03/2022 5:28:01 PM PST by servantboy777
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