Gas prices

Gas has held at $3.29/gallon for regular and $4.99/gallon for diesel last 48 hours in Boone area.
 
heelinhell said:
If your fill up spot drops the price another 20 cents we will be back to when Sleepy Joe left office.
Keep us posted...
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I will make sure to keep you posted. :)I was shocked that it dropped as Oil hadn't gone down. I expect it to shoot up above $3.50 Monday or Tuesday
 


🎁 https://www.wsj.com/world/middle-ea...0?st=LxT6jb&reflink=desktopwebshare_permalink

“… One week into President Trump’s war on Iran, the most severe shock to energy markets since the 1970s is cascading through the world economy. The disruption quickly fed into higher gasoline and diesel prices at the pump, and higher mortgage rates and borrowing costs for the U.S. government, endangering Trump’s economicpriorities.

To be sure, the U.S. has more shock absorbers this time around. Oil is a far smaller component of gross domestic product than it once was, and the U.S. has become a top energy exporter in its own right.

…
But the impact will still reverberate, especially in Europe and Asia. For decades, the U.S. military and its allies have spent billions of dollars ensuring the Strait of Hormuz stays open. Just 21 miles across at its narrowest stretch, and flanked to the northeast by a sworn enemy of the West, the channel between Oman and Iran is a superhighway for about a fifth of global supplies of oil and liquefied natural gas.

Massive amounts of fertilizer sail through these waters, feeding crops on every continent. The few ships that have left the strait since the start of the war were mostly carrying Iranian oil. Traders say crude markets could soar even higher if the strait doesn’t open within days, either with U.S. naval escorts or because shipowners think the danger has receded.…”
 
nycfan said:
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“… After adding more than $40 a barrel in a little more than five trading sessions, the nominal record for West Texas Intermediate futures—$147.59, set on July 3, 2008—no longer seems out of reach.

And if the Strait of Hormuz remains a barrier to Middle Eastern barrels reaching the market for long, an inflation-adjusted all-time high around $215 a barrel might also be in sight.…”
 
So when Israel bombs Iranian oil infrastructure or Iranian oil storage tanks and such, does that help oil prices go down? How do the oil trading markets react to that?
 
aGDevil2k said:
Good job throwing intelligence insults and being a jerk to others for no reason.
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There was a reason. You dismissed a substantive point as semantics without engaging with it. UNCatTech didn’t have any issues understanding what I said.
 
Paine said:
There was a reason. You dismissed a substantive point as semantics without engaging with it. UNCatTech didn’t have any issues understanding what I said.
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I know what the hell you said.

I simply made my fucking point of view and you disagreed. But you can't handle that, so you've got to continue on to have a debate when I'm not interested. I said what I said and that's that.

I'm very confident in my intelligence and I've got the degrees to back it up.
 
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