re: National Average Gasoline Price Crashes Week over Week

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The pain hasn’t come yet. Not even close. It will hit 180-200 dollars by July-August and be there well into 2027

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This seems to be the expert consensus. The oil crisis really hasn't even started yet; July is when the pain really begins. And it's just going to get worse after that.

And no one seems to even be addressing the fertilizer shortage and what that's going to do to the food supply and grocery prices.

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If all this happens, we better get used to hearing "President Newsom". Or at least hold out hope it'll instead be "President Shapiro".

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Hopefully, we can get someone outside of the Trump circle of neocon Republicans through the primary. I can dream, anyway.

If Iran isn’t resolved this has the potential to completely wreck China and Indias economy.

US inventories are only low because we are selling our oil to Europe and others. But we are insulated and the govt can put a pause on allowing oil exports if necessary to lower prices here. But China has few sources to buy from right now. We took Venezuelan oil from China now they can’t get oil from the ME. They have a big tariff on American oil and that makes buying from us not economical. All they have is Russian oil and India is competing with China to get that sanctioned Russian oil. And Russia needs their own oil to feed the war machine. Long story short, the longer it takes on Iran the more fricked China will be

Because China has plenty of reserves right now.

The western world may feel the pain before China fully does.

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Seems like a shortsighted gamble imo

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Maybe. If the war becomes a deadlock or US backs down and leaves the regime in charge they are closer than ever with Iran.

China still has plenty of sources for oil and their pulls have lessened meaning they have found a lot of the bbls they need.