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Started By
Message
re: National Average Gasoline Price Crashes Week over Week
Posted on 6/1/26 at 12:49 pm to deltaland
Posted on 6/1/26 at 12:49 pm to deltaland
quote:
It will hit 180-200 dollars by July-August and be there well into 2027
I hope you're wrong. I believe you'll be wrong.
But I sure as shite don't have a magic 8 ball.
0
Posted on 6/1/26 at 12:55 pm to deltaland
quote:
The pain hasn’t come yet. Not even close. It will hit 180-200 dollars by July-August and be there well into 2027
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.
This post was edited on 6/1/26 at 12:56 pm
Posted on 6/1/26 at 12:58 pm to AUveritas
quote:quote:
quote:
The pain hasn’t come yet. Not even close. It will hit 180-200 dollars by July-August and be there well into 2027
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.
If all this happens, we better get used to hearing "President Newsom". Or at least hold out hope it'll instead be "President Shapiro".
Posted on 6/1/26 at 1:02 pm to ragincajun03
quote:
If all this happens, we better get used to hearing "President Newsom". Or at least hold out hope it'll instead be "President Shapiro".
Hopefully, we can get someone outside of the Trump circle of neocon Republicans through the primary. I can dream, anyway.
Posted on 6/1/26 at 1:07 pm to AUveritas
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
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
Posted on 6/1/26 at 1:13 pm to deltaland
So, why is China prolonging this conflict by supplying Iran with money and weapons? Why aren't they forcing Iran to capitulate?
Posted on 6/1/26 at 1:15 pm to AUveritas
Because China has plenty of reserves right now.
The western world may feel the pain before China fully does.
The western world may feel the pain before China fully does.
This post was edited on 6/1/26 at 1:20 pm
Posted on 6/1/26 at 1:18 pm to fightin tigers
Seems like a shortsighted gamble imo
Posted on 6/1/26 at 1:21 pm to AUveritas
quote:
Seems like a shortsighted gamble imo
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.
Posted on 6/1/26 at 2:33 pm to ragincajun03
I paid about $1 cheaper per gallon in Knoxville today vs Phoenix yesterday. Was about $4.60 per gallon in AZ. I don't normally pay attention to gas prices bc I don't drive much or fill up often, but was like damn that sucks for commuters.
Posted on 6/1/26 at 2:57 pm to AUveritas
quote:
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
I have some businesses and commercial property I rent to businesses. There’s multiple metrics pointing to prices getting a whole lot worse in the back half of the summer. Weather, tariffs, gas, and input costs are driving food prices up to where businesses have to consider not selling items that you can’t raise the prices enough to make it worth buying/selling. In Colorado certain beef cuts are being eliminated, and in Florida certain seafoods are coming off the menus.
Posted on 6/1/26 at 3:00 pm to Motownsix
quote:
Weather
A hurricane goes into the Houston ship channel this year and people will be biking to work all around the world.
Posted on 6/1/26 at 3:47 pm to shrapnel
quote:
I just paid $7/gallon at the San Diego airport to fill my rental.
Posted on 6/1/26 at 3:49 pm to MKP2004
Somehow a decrease of less than 5% does not feel like a crash.
Posted on 6/1/26 at 3:56 pm to Purplehaze
quote:
Somehow a decrease of less than 5% does not feel like a crash.
This thread is taking on a Political Board Trump pep rally with male cheerleaders leading the pep rally type of tone.
Small businesspeople with service businesses aren't celebrating this manuractured crisis right now.
Posted on 6/1/26 at 4:00 pm to Violent Hip Swivel
$3.51 with Easy Pay at Circle K in Gulf Shores just north of the beach this a.m....: 
Posted on 6/1/26 at 4:05 pm to bad93ex
quote:
Deal will allegedly be completed shortly, I've been watching Bloomberg daily muted in the background and any shred of good news has shot the market up. Once the deal is finalized there will be some new records set along with the SpaceX IPO.
I just pray that Netanyahu lets Trump out of this without boots on the ground.
Posted on 6/1/26 at 6:52 pm to ragincajun03
Between starting more wars and our hyper manic tariff policy things are looking great. Nevermind that literally everything our president has put his hands on in his life has collapsed financially
Posted on 6/1/26 at 6:58 pm to ragincajun03
Got $3.62 earlier.
Posted on 6/1/26 at 7:00 pm to eddieray
quote:
Between starting more wars and our hyper manic tariff policy things are looking great. Nevermind that literally everything our president has put his hands on in his life has collapsed financially
You should look at the stock market from January of 2017 to now.
But you won't because it will make you feel like an idiot.
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