Don’t get complacent folks.
It’s the bike accident. The markets are sensing that there may be an end to the idiocy.
All these decades “oil went down today but don’t look for relief at the pumps; that gas was refined and transported months ago.”
BUT....”Oil went up today; some gas stations have already raised pump costs to the drivers within four hours this morning according to our on the spot news reporters as you will now hear....”
And still remains close to three times the price as of the beginning of 2021.
Consistently saw $4.999/regular upon arriving in Charleston WV, although it was $4.799 along the way TO Charleston. Filled up at $5/gal!
Drove to Lexington, KY...didn’t need gas (big tank). Left Lexington, and halfway to Johnson City, spotted $4.49/gallon 90 proof, and topped off.
Got to Johnson City...saw $4.389. Unsure of the octane.
Joe Brandon has saved us!
When something hits the news which suggests that gas prices will go down, it is months before the gas prices go down.
Plummeting demand from folks too broke to go anywhere
Here comes the oil price crash and devastation for the economies of Texas, New Mexico, North Dakota, and Alaska.
Demand destruction is not good news.
When the fascists steal dollars from you and then toss back pennies, do not be grateful.
this was on probability of recession. it won’t last because supply is limited.
Weren’t markets closed today?
A recession will cut down on demand. With the bad numbers last week, forward looking options traders may be thinking fallen, recession demand.
It’s a no brainer, when fuel went up to nearly 6.00 bucks a gallon, people started driving less. They’ll do the same with all commodities. I know we have!
Good news...
Gas at the pump will plummet by 0.001 percent...
Hooray!
Why do prices go up right away, but then take weeks to go down?
Biden probably released more oil from the Strategic Petroleum Reserve.
People were outraged when it got to $3.50 per gallon. Now if it goes back down to that Biden (and of course the media) will spin it as a huge victory of his policies that we have returned to “low” gas prices.
November 2020...hmmm, what could have happened then to start such a trend upward in oil futures? Gosh, I don't know. Somebody help me out..../s