Gas is up

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wonder how much the price of oil has gone up in China given than Iran and Venezuela were 17% of China's supply.

China has a year's worth of oil reserves. And China loves their EVs.

And unfortunately Americans prefer to drive Super Dutys and Suburbans.

No they are given no choice because republicans will not allow inexpensive EVs in to this country.

[Anonymous]

So to avoid the world energy market from collapsing this has to end by the third week of the war. I do not think the Republicans will stop the war in two weeks.

[Anonymous]

Diesel is up around $.80 already...and if people don't think this won't be passed on to consumers who buy things that are shipped by truck...like groceries, I don't know what to tell you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Gas, oil, natural gas going to go up quite a bit. We will see $4-5 a gallon soon.
This will lead to a global recession, not just USA. Interest rates and inflation will go up in coming months.

Am I incorrect in thinking that interest rates go down in a recession? Don’t they want to encourage borrowing and spending?

Generally speaking, yes, but the Fed will have to be more cautious with the pace of cutting their benchmark rate due to inflationary pressures that are still lingering from the COVID driven inflation. Don't expect to see rates as low as they were in 2021 anytime soon.

Exactly. The worst case scenario is winding up in stagflation.

[Anonymous]

Anonymous wrote:Paid $3.13 per gallon over the weekend. Now it’s $3.89. Been looking for a job for 8 months. Don’t go out to eat anymore. Groceries are more expensive and packaging is getting smaller. I am officially terrified.

Yep. Gas is up 25% in a week where I live. A pint of blueberries was already $6. I shudder to think what they will be when I go shopping this weekend.

[Anonymous]

Anonymous wrote:Diesel is up around $.80 already...and if people don't think this won't be passed on to consumers who buy things that are shipped by truck...like groceries, I don't know what to tell you.

Yep. I'm the blueberry poster - just checked and the price is up .50 in a week. I'm sure all prices are up but that one stuck in my mind bc I almost stroked out at the store over it last week.

[Anonymous]

Anonymous wrote:Diesel is up around $.80 already...and if people don't think this won't be passed on to consumers who buy things that are shipped by truck...like groceries, I don't know what to tell you.

Groceries are already sky high.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wonder how much the price of oil has gone up in China given than Iran and Venezuela were 17% of China's supply.

China has a year's worth of oil reserves. And China loves their EVs.

Oil is feedstock for plastics and fertilizers.

[Anonymous]

Anonymous wrote:Paid $3.13 per gallon over the weekend. Now it’s $3.89. Been looking for a job for 8 months. Don’t go out to eat anymore. Groceries are more expensive and packaging is getting smaller. I am officially terrified.

I hope it goes to $7.50/gallon or higher. I am looking forward to hearing MAGA big truck drives whine.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Paid $3.13 per gallon over the weekend. Now it’s $3.89. Been looking for a job for 8 months. Don’t go out to eat anymore. Groceries are more expensive and packaging is getting smaller. I am officially terrified.

I hope it goes to $7.50/gallon or higher. I am looking forward to hearing MAGA big truck drives whine.

Trump will tell them that gas prices are going down, and the morons will instantly believe the lying propaganda.

[Anonymous]

[Anonymous]

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:Paid $3.13 per gallon over the weekend. Now it’s $3.89. Been looking for a job for 8 months. Don’t go out to eat anymore. Groceries are more expensive and packaging is getting smaller. I am officially terrified.

Yep. Gas is up 25% in a week where I live. A pint of blueberries was already $6. I shudder to think what they will be when I go shopping this weekend.

I like thinking about the MAGAs in their big trucks belching exhaust rolling up to their local gas station and realizing that filling a tank means possibly not having enough money to pay the cable bill.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Paid $3.13 per gallon over the weekend. Now it’s $3.89. Been looking for a job for 8 months. Don’t go out to eat anymore. Groceries are more expensive and packaging is getting smaller. I am officially terrified.

I hope it goes to $7.50/gallon or higher. I am looking forward to hearing MAGA big truck drives whine.

Trump will tell them is it good to have high gas and diesel prices. They will believe him and be happy. Owning the libs!