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Posted on 3/6/26 at 1:25 pm to xBirdx
In our area, prices per gallon of regular unleaded are 30 cents higher than last week, over $3.00 a gallon.
This should not be happening, since this is gas that was bought by companies months ago. The current geopolitical situation is affecting gas FUTURES, the price of future gas deliveries. I fully believe in profits, but I don't believe in price extortions.
This should not be happening, since this is gas that was bought by companies months ago. The current geopolitical situation is affecting gas FUTURES, the price of future gas deliveries. I fully believe in profits, but I don't believe in price extortions.
Posted on 3/6/26 at 1:26 pm to 4cubbies
quote:
This. Hell all gasoline in storage tanks was likely purchased prior to the war but they’ll raise prices anyways
quote:
We dont get our oil from Iran anyway!
I dont know which statement shows more ignorance. The lack of understanding around the basic tenets of capitalism or the lack of memory as to why we were pissed at Venezuela for buying oil from terrorist to fund proxy wars. Oil prices are going up. If you dont like it dont buy anything again ever....because it's all made out of petroleum.
Posted on 3/6/26 at 1:27 pm to xBirdx
I put gas in my truck this morning and it was 50 cents higher than what I had been paying.
Posted on 3/6/26 at 1:28 pm to NashvilleTider
quote:
Tesla owner it nice to not have to worry about gas prices.
You better worry about gas prices that's the only thing keeping "Your Tesla" relatively cheap to charge. Let oil go away and you will see how great your Tesla really is
Posted on 3/6/26 at 3:18 pm to NashvilleTider
quote:
Tesla owner it nice to not have to worry about gas prices.
Because it's charged with coal? I always love driving to Austin past the coal plant that powers their "green" vehicles that has had coal piled ten stories high at times.
Even if you insulate, tint windows, etc., it's common in 4000sq ft houses in Houston to have $350+ electric bills in the summer, even if you use a rate shopping service like EnergyOgre. Who wants a $700 a month electric bill?
Posted on 3/6/26 at 3:34 pm to jennBN
Fuel surcharges incoming!!
Posted on 3/6/26 at 3:45 pm to xBirdx
The gasoline at the pump came from oil purchased over a month ago. The market has already been correcting itself due a global glut which never happened.
Traders will panic to send spot markets higher just like they did in 2022.
Traders will panic to send spot markets higher just like they did in 2022.
Posted on 3/6/26 at 4:00 pm to xBirdx
Posted on 3/6/26 at 4:08 pm to NashvilleTider
Any idea how they make electricity Tesla guy?
Posted on 3/6/26 at 4:11 pm to xBirdx
The oil prices were way way way too low.
Most of my investments are in oil, so for me this is great news.
Most of my investments are in oil, so for me this is great news.
Posted on 3/6/26 at 4:22 pm to xBirdx
Coming soon to a gas pump near you:
Posted on 3/6/26 at 4:25 pm to xBirdx
They’re already rising.
Oil companies are going to max out profits.
Oil companies are going to max out profits.
Posted on 3/6/26 at 4:27 pm to conservativewifeymom
quote:
I fully believe in profits, but I don't believe in price extortions.
Well that’s what we’re getting.
Posted on 3/6/26 at 4:27 pm to xBirdx
They’re talking about over $10 a gallon in California. Of course that’s because all the oil companies have shut down their operations there thanks to the horrible Newsom policies
Posted on 3/6/26 at 4:30 pm to deltaland
quote:
I’m hearing 150 a barrel maybe higher if the strait of Hormuz isn’t opened within 2 weeks
that would be an all time as it got to $147 in july of 2008 i don't think your hearings very good. you might want to get one of those hearing test next you're at a sams or costco!
Posted on 3/6/26 at 4:33 pm to CastleBravo
quote:
Most of my investments are in oil, so for me this is great news.
frick your investments.
Posted on 3/6/26 at 4:40 pm to wadewilson
quote:
frick your investments.
They were pretty fricked, now they are doing great.
Posted on 3/6/26 at 4:45 pm to deltaland
This post was edited on 3/6/26 at 4:47 pm
Posted on 3/6/26 at 5:55 pm to Don Quixote
quote:
and we get NONE of our oil from Iran
Problem is not oil FROM Iran. It is oil TRHOUGH the Strait of Hormuz which is closed for some reason. I have been under the assumption that hostilities were under control enough to escort tankers through.
What is the real situation here?
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