Gas is up

[Anonymous]

Anonymous wrote:Don't worry, at least there was a resolution passed around 15-20 years ago by Congress that states if there's ever a global oil crisis/shortage, israelis will get US reserves before Americans do.

Wonder how many Americans know about that law.

There will be Hell to pay when they find out!

[Anonymous]

The straight has been closed for 8 day. That is 160 million barrels of oil deficit. The US is releasing 172 million over 4 months. 1.4 million barrels a day.

All in the group of countries are releasing 400 million barrels. If they have the capacity to release the same amount as the US, it’s 3.3 million barrels a day vs 20-21 million that normally flow through the straight.

Is it time to buy some oil futures?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Don't worry, at least there was a resolution passed around 15-20 years ago by Congress that states if there's ever a global oil crisis/shortage, israelis will get US reserves before Americans do.

Wonder how many Americans know about that law.

There will be Hell to pay when they find out!

No the US will pay any cost for Israel.

[Anonymous]

[Anonymous]

Oil is over $100

[Anonymous]

Anonymous wrote:Oil is over $100

Burning ships in the strait of hormuz. Describe as cargo ships? I think the oil markets could panic at any time.

[Anonymous]

WTI Crude 94.85
Brent Crude 100.74
https://oilprice.com/oil-price-charts/

[Anonymous]

Gas will go up 25 -30 cents on a $10 rise.

$3.83-3.88 national average gas price tomorrow?

Wonder what diesel will do?

[Anonymous]

At some point, there simply won't be new supplies of gas. The rural set who are wholly car dependent won't be able to vote without getting on a bike or walking.

[Anonymous]

This is why EVs will explode in sales soon. Most commutes are well within EV driving range. No more gasoline needed.

[Anonymous]

Anonymous wrote:This is why EVs will explode in sales soon. Most commutes are well within EV driving range. No more gasoline needed.

Too bad Trump ended the tax credit…

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is why EVs will explode in sales soon. Most commutes are well within EV driving range. No more gasoline needed.

Too bad Trump ended the tax credit…

DP. 300,000 are coming off lease

300,000 EVs Are About to Hit the Used Car Market
Hundreds of thousands of off-lease EVs are hitting the market, and the timing could not be better for budget car shoppers.

https://www.autoblog.com/news/300000-evs-are-about-to-hit-the-used-car-market

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is why EVs will explode in sales soon. Most commutes are well within EV driving range. No more gasoline needed.

Too bad Trump ended the tax credit…

DP. 300,000 are coming off lease

300,000 EVs Are About to Hit the Used Car Market
Hundreds of thousands of off-lease EVs are hitting the market, and the timing could not be better for budget car shoppers.

https://www.autoblog.com/news/300000-evs-are-about-to-hit-the-used-car-market

I hate to inform that electricity prices are also through the roof under Trump

[Anonymous]

It’s all going great

[Anonymous]

Anonymous wrote:The straight has been closed for 8 day. That is 160 million barrels of oil deficit. The US is releasing 172 million over 4 months. 1.4 million barrels a day.

All in the group of countries are releasing 400 million barrels. If they have the capacity to release the same amount as the US, it’s 3.3 million barrels a day vs 20-21 million that normally flow through the straight.

Is it time to buy some oil futures?

If they are releasing over a 120 day/4 month period, does that not imply that they think this issue will not be resolved anytime soon? Otherwise there would be an unnecessary oversupply towards the end of the period.