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Message

re: Oil prices dropping live before your eyes.

Posted on 4/8/26 at 8:52 am to
Posted by BTROleMisser
Murica'
Member since Nov 2017
13452 posts
Posted on 4/8/26 at 8:52 am to
quote:

this iran-war thing has a long way to go yet


At least your sure hope so...
Posted by CitizenK
BR
Member since Aug 2019
15625 posts
Posted on 4/8/26 at 8:52 am to
quote:

Maybe with enough education you could explain to people why prices got so high during the Biden administration.


In 2022 they shot up really high due panic among traders due sanctions on Russian. Biden regs and threats made traders keep it high also out of panic
Posted by PorkSammich
North FL
Member since Sep 2013
17517 posts
Posted on 4/8/26 at 9:00 am to
quote:

Exactly. You are an idiot like always


What was our plan for the Straight?
Posted by ColoradoAg
Colorado
Member since Sep 2011
27606 posts
Posted on 4/8/26 at 9:00 am to
A US military presence. Which is currently there and being reinforced.
Posted by oldskule
Down South
Member since Mar 2016
25133 posts
Posted on 4/8/26 at 9:03 am to
It will be going right back up as the cease fire is failing
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
12629 posts
Posted on 4/8/26 at 9:04 am to
quote:

What does LOOP have to do with this? Mars comes via pipeline from Gulf of Mexico production. It is not heavy but has a high residuals, aka asphaltenes fraction.


I was talking about Venezuelan Crude. It is being reported, that the oil spill back in February off of Grand Isle was some Venezuelan crude that was being off loaded at LOOP. The oil that spilled was possibly the first batch of crude to come to the US from Venezuela and caused a hose to bust and leak crude into the Gulf of America.

Some fishermen have already lawyered up because LOOP is offering settlements without allowing fishermen access to representation or further claims.
Posted by CitizenK
BR
Member since Aug 2019
15625 posts
Posted on 4/8/26 at 9:12 am to
Marathon has not been receiving Venezuelan. It has been running quite well on Mars.

My point is that the refinery is designed for high asphaltene content. It could give a shite less about WTI
Posted by Powerman
Member since Jan 2004
173506 posts
Posted on 4/8/26 at 9:17 am to
quote:


In 2022 they shot up really high due panic among traders due sanctions on Russian. Biden regs and threats made traders keep it high also out of panic

A little more to it than that but it wasn't as simple as "Biden sucks and that's why gas prices are high"
Posted by captainFid
Never apologize to barbarism
Member since Dec 2014
10448 posts
Posted on 4/8/26 at 9:37 am to
Watching it drop last night was amazing. Every moment for a couple of hours, you were watching the drop occur. I stopped when it seemed to stabilize at $96 for around 90 minutes, then went to bed... wishing I was smart enough to short the market.
Posted by CitizenK
BR
Member since Aug 2019
15625 posts
Posted on 4/8/26 at 10:01 am to
quote:

A little more to it than that but it wasn't as simple as "Biden sucks and that's why gas prices are high"


Traders for WTI are not necessarily oil buyers. Wall Street reacts to hype and messaging as much as to actual money. WTI is 100% a widget that does not actually exist other than a set of specifications.
Posted by LSUAlum2001
Stavro Mueller Beta
Member since Aug 2003
48496 posts
Posted on 4/8/26 at 10:22 am to
Will fuel prices drop as fast as they rose?

Zero chance.
Posted by ColoradoAg
Colorado
Member since Sep 2011
27606 posts
Posted on 4/8/26 at 10:24 am to
I love it when the market drops. I just invest more
Posted by slackster
Houston
Member since Mar 2009
91837 posts
Posted on 4/8/26 at 10:30 am to
quote:

shite. I said prices will be back down this summer. People could have saved themselves complete embarrassment by just listening to me.


I’ll bet you a significant sum prices are higher in the summer than they were before we started building troops in the Middle East
Posted by GTnerd
ATL Jawja baby
Member since Sep 2023
845 posts
Posted on 4/8/26 at 10:36 am to
quote:

At least your sure hope so...


No sir, but i’m also not delusional
Posted by DMAN1968
Member since Apr 2019
13195 posts
Posted on 4/8/26 at 10:40 am to
quote:

Will be 6 months before the price hits the gas station

The Costco by my house will drop in less than a week. They have always reacted faster to downward prices than any other station around.
Posted by Bayou
Boudin, LA
Member since Feb 2005
42768 posts
Posted on 4/8/26 at 11:02 am to
God Bless Donald J. Trump!
Posted by theronswanson
House built with my hands
Member since Feb 2012
3256 posts
Posted on 4/9/26 at 10:59 am to
Oil prices are now rising right before our eye
Posted by wackatimesthree
Member since Oct 2019
13336 posts
Posted on 4/9/26 at 11:05 am to
quote:

Oil prices are now rising right before our eye


Yep.

Back up over a hundred a barrel.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
37440 posts
Posted on 4/9/26 at 11:08 am to
You mean the US force that will effectively underwrite Iran's new domination of the PG?
Posted by JacieNY
Member since Jul 2024
2143 posts
Posted on 4/9/26 at 11:08 am to
Am looking forward to my May production checks, as that is when the prices during the excursion will begin show up. They are always two months behind on oil and three on gas.
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