Now increase that by one third, or 33%.
That's the price you can expect for summer if my understanding of this article is correct.
Oil is currently 120 a barrel, but is projected to raise to 140. But they say the prices will be more like as if oil was 160 a barrel due to refinery capacity shortage.
That means an increase of 33%???
The places relying on tourist this Summer are going to take a big, big hit.
Making food and energy unaffordable for the majority of the citizens.
The stuff of revolution.
I’d like to see us go back to odd-even fueling days. On Odd days Republicans can feul up and on even days independents can fuel up. On leap year day, Democrats can fuel up.
Gas has gone up 60 cents in 4 weeks here in ND.
Filling up the Suburban is a little painful.
Ah, the plan is succeeding. When "they" saying it is going up 33%, then by golly it will jump to 43%.
That’ll put us over $6/gal here in MO. We’re at the lower end of the national scale of prices by state/locale.
“ComeON MAN!!! We can go higher than that” - Brandon
“ComeON MAN!!! We can go higher than that” - Brandon
Probably looking at around $7/gal by Labor Day. This will minimally affect the election with the fraud machine already in place. Dems will hold congress in the end.
I am told many Third World populations won’t be able to afford food.
I suspect they’ll cut out many ~$10/gallon gasoline purchases first.
Vendor greed tends to lose out to would-be buyer poverty.
Whatever it takes to make democrat voters’ minds right.
Geez. I drive a hemi truck and 50 bucks might get me a half a tank. Looks like this summer I may have to start riding the Harley. But the traffic is terrible and there are idiots on the road. May look for some back roads to work.
There are others (B of A for example) who say it’s quite possible to hit $200 per barrel within the next 6-12 months. Don’t know if I believe that but in no way am I an expert on oil prices.
At what price do the torches and pitchforks come out?
If you live in some blue crap hole city, riding gas tax subsidized mass transit, you’re probably more worried about any increases down at the dispensary.
You really have to be clever to work at Goldman Sachs. First you finance a corrupt demented politician to become President. As predicted the lowlife and his cabal assault the fossil fuel industry. No drilling ,no fracking , no pipelines, no new refineries, no nuclear, no coal. Then you get to predict that the price of oil, gas and electricity skyrockets, the economy contracts and inflation soars. What would America ever do without Goldman Sachs?
We fill up about once a week. Last week I paid $5.04. Today it was $5.29.
Biden: Jimmy Carter in diapers.
Expect $10/gallon at the pump by election day.
Goldman is being conservative here.
Unless Brandon surrenders to Russia, the continuation of sanctions and war will lead to about $200/barrel WTI crude oil prices, and about $20/mcf natural gas prices, all by around Nov 1.
A 20-gallon fill-up for your car at the service station will be about $200.