[jimjamuser]

Originally Posted by kcal63

Some parts of the country are already approaching $6. By the end of this year we are looking at $8 per gallon. At this point the only reasonable expectation of a price decline would be from a decline in demand, which is not likely for at least 4 years. JMO.

I believe that demand is starting to go down right now.

[fishon]

Build back better is as much a success as shovel ready jobs.

[jimjamuser]

Originally Posted by The Chipster

If you don't need to drive long distances, owning an EV right now is like putting money in the bank each week. No gas, oil changes, regular service intervals, new brake pads, etc. I bought a used Jaguar I-Pace on autotrader.com, charge it up in my garage about once per week, and pat it on the butt every morning.

That helped take down the DEMAND for oil.

[Stu from NYC]

Originally Posted by jimjamuser

I believe that demand is starting to go down right now.

Probably due to the people who cannot afford 5- 6 bucks a gallon for gas.

[Gpsma]

Drove up to Charleston yesterday morning. 301 up to 95 around Yulee. All seemed usual on 301. Got on 95...thought it was the twilight zone...less trucks and cars..and almost no RVs..especially those big bus type driven by old Ralph Kramdens. I would call 95 “empty” compared to normal.

Maybe this is good...brandon types will love it...we are protecting the environment.

[Stu from NYC]

Originally Posted by Gpsma

Drove up to Charleston yesterday morning. 301 up to 95 around Yulee. All seemed usual on 301. Got on 95...thought it was the twilight zone...less trucks and cars..and almost no RVs..especially those big bus type driven by old Ralph Kramdens. I would call 95 “empty” compared to normal.

Maybe this is good...brandon types will love it...we are protecting the environment.

The shops and restaurants along the interstate will certainly not be enjoying their lost business as they layoff their employees

[frose]

10 by labor day.....

[Topspinmo]

Originally Posted by MartinSE

Next time a hurricane comes through, you will be okay with $10/gallon for water?

I mean, they should be able to charge anything they want. And if your grandchild is allergic to bee stings, $1000 for a $15 shot is okay? Gouging is gouging and is generally considered immoral and illegal (in many cases - the shot producers had to pay a $600 Million fine)

All you’re example’s of gouging has nothing to do with crude oil daily price in stock market. The costs of gallon gas directly related to stock commodities exchange where all crude brought on daily basic.

[Topspinmo]

Originally Posted by fishon

Build back better is as much a success as shovel ready jobs.

Or cash for clunkers.

[jimjamuser]

Originally Posted by Topspinmo

We didn’t depend on foreign oil till recently. 3% Russia non player but makes good talking BS point.

Prior to the Russian invasion, Russia produced 14% of the world's oil. Russia is a very large country whose main exports are oil and weapons. John McCain called Russia a "gas station masquerading as a country".

[jimjamuser]

Originally Posted by Stu from NYC

Probably due to the people who cannot afford 5- 6 bucks a gallon for gas.

Yes, an OLD economic slogan is," the CURE for high prices is HIGH PRICES!

[jimjamuser]

Originally Posted by Gpsma

Drove up to Charleston yesterday morning. 301 up to 95 around Yulee. All seemed usual on 301. Got on 95...thought it was the twilight zone...less trucks and cars..and almost no RVs..especially those big bus type driven by old Ralph Kramdens. I would call 95 “empty” compared to normal.

Maybe this is good...brandon types will love it...we are protecting the environment.

I hope that those that are AGAINST protecting the environment and believe that Global Warming is a hoax - don't get HEAT stroke from the heat and humidity here lately in TV Land. Enjoy!

[jimjamuser]

Originally Posted by Topspinmo

All you’re example’s of gouging has nothing to do with crude oil daily price in stock market. The costs of gallon gas directly related to stock commodities exchange where all crude brought on daily basic.

The majority of the increase in the price of oil is caused by the worldwide RISK of loss of oil SUPPLY triggered by Russia's invasion. The price of ANY commodity or stock depends on the future risk.

[JMintzer]

Originally Posted by jimjamuser

The oil price was NOT changed so much by what the US government did, BUT a lot by what the Russian government did.

Then please explain the HUGE jump in prices from January 2021 up to "Putins price hike"...

[JMintzer]

Originally Posted by jimjamuser

Today's inflation has a lot to do with factors that NO ONE in the US had ANY control over - namely the Russian invasion of the Ukraine and China's bad Covid response which shut down its economy and stopped their manufactured goods from being sent to the US - thus hurting the SUPPLY of manufactured products, which drove those prices up.
........The closest thing to US blame is that the FED should have reacted faster. But, historically, the FED has NOT gotten its TIMING PERFECT.

Then what was the cause of all of that inflation BEFORE Putin's invasion?

Why was inflation still very low during the first year of Covid?