If you wanna pay $5K+ an oz, be my guest. It will get much worse. Just look at https://www.usdebtclock.org We've been on this path for several decades. |
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There's always a bull market somewhere. |
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Gas and diesel price in the US are going up because US refineries will sell gas and diesel to overseas markets. There is no restriction on exporting oil, gas and refinery products.
Gas and oil in the US will rise faster vs oil prices because of shortages cause by the shut down of the gulf refineries. This increases demand and people bid up the prices. https://youtu.be/OGrIzqEpe60?si=tpDt3KbsDubW7bod |
Okay Cramer |
| Oh, good grief. |
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Remember if the strategic reserve is released it gets sold on the open market and will be exported out of the country. Same goes for US oil and US refinery products- diesel, gasoline, fertilizer, etc. Why hasn’t Trump issued an EO to stop the export of US oil, diesel, gasoline, LNG, etc? Oil is at $88 a barrel this morning. |
| Oil is $91.37. It went up over $10 today. That should workout to 20-30 cents increase today in gas prices. Bet it will be high. |