Posted on 03/14/2022 9:54:10 AM PDT by ChicagoConservative27
U.S. oil tumbled more than 8% on Monday, breaking below $100 per barrel, amid talks between Russia and Ukraine as well as new lockdowns in China — which could dent demand.
West Texas Intermediate crude futures, the U.S. oil benchmark, lost 8.75% to trade at $99.76 per barrel. International benchmark Brent crude shed 8% to trade at $103.68 per barrel.
(Excerpt) Read more at cnbc.com ...
Did soros and schwab think it was polling bad for demonrats?
HUH? You mean it won’t be the bargain price of $3.00/gal this afternoon? Suggestion from a dude at the pump opposite of us when I was filling up the other day. Fill up every day or so to psyche yourself out that it ain’t that bad. If you’re not doing a lot of driving I suppose that would work. LOL! Couple gallons here, couple gallons there..............
They’ll wait a couple months then we’ll be off again. Freakin’ pootski and his gas price increase. Right branDUHn?
Once again, the MSM will tout a 20 cent reduction in gas prices while ignoring the 80 cent increase a few weeks before...
You could expect 30 cents lower in 3 days.
The price spike in the US happened just at change over in formulation time hits the us storage and pipeline to your gas stations supplier. The EPA can solve alot of the transition problems by issuing nationwide exemption to the blend sales rules.
If oil sits at 90 for a few weeks, the Opec states and their adjacents get very concerned they are supporting North America energy exploration companies in finding more supplies. Will be at 80, high enough to be painful, but not so high US producers will feel good about making an investment under a brandon admin.
Methinks we will find that some unethical manipulation occurred in the energy futures markets around this time ... after the midterms.
How many months will it before we see lower gas prices
They say “tumbles” as if that word means something.
From Putin price spike to Putin price drop.
How much lower? If you expect to see Trump era prices, then wait until he is re-elected. As far as now, they may come down by a significant percentage, but remember they have risen 100%. So even if they come down 40% we're still paying a lot more.
Down 9 cents from Friday at my location. Not a lot, but better than nothing.
Are the evil speculators being cautious?
I can only put 6 gallons in my tank at a time, so that might work. My 1997 Toyota Corolla has a bad seal in the top of the gas tank so I can’t fill it up.
With every oil price drop, thousands of oilfield jobs are lost. Almost every job in the oilfield pays well, and with every $1.00 movement in oil price, 3000 jobs are affected.
You are probably correct. Businessmen are sitting back waiting, not trusting the brandon administration for anything. Who would make decisions to drill when in six months you spent a pile of money only to be told by the brandon administration that you have to stop and can't drill there anymore?
lower then 5.29 a gal for regular!!!
I'm 61 years old though, I think I may leave this one for the professionals! Thanks all the same though!
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