Gas is up

[Anonymous]

BREAKING: U.S. SPR declines 7.9 million barrels in the last week to 349.2 million as of June 5, meaning that at any moment in the next few days the SPR will decline to its lowest since 1983, when it was being filled for the first time.


I guess trump is going to run it down to zero and then we won't have any oil reserves. Yay, or something.

[Anonymous]

U.S. Gasoline Inventories Are Falling at a Record Pace

By Robert Rapier - Jun 08, 2026, 9:00 AM CDT
U.S. gasoline inventories fell by 47.5 million barrels between early February and late May, a drawdown that is unprecedented in EIA weekly data going back to 1990.
Strong refinery utilization and relatively flat gasoline demand have not prevented inventories from declining, suggesting other factors are contributing to the draw.
Elevated exports, tight global energy markets, and low distillate inventories have reduced the margin for error heading into the summer driving season.

https://oilprice.com/Energy/Energy-General/US-Gasoline-Inventories-Are-Falling-at-a-Record-Pace.html

[Anonymous]

The Countdown to a Major Oil Price Surge Has Begun

By Kurt Cobb - Jun 08, 2026, 11:00 AM CDT
Commercial oil inventories are being drawn down at an unusually rapid pace to compensate for supply losses linked to the closure of the Strait of Hormuz.
The world could soon approach operational inventory thresholds where supply chains become stressed, volatility rises, and fuel shortages emerge.
Markets remain overly optimistic about a quick resolution, leaving oil prices vulnerable to a sharp upward repricing.

https://oilprice.com/Energy/Energy-General/The-Countdown-to-a-Major-Oil-Price-Surge-Has-Begun.html

Do you believe them anymore? They have been saying this for a long time now and prices are very low.

[Anonymous]

[Anonymous]

[Anonymous]

Anonymous wrote:

The Countdown to a Major Oil Price Surge Has Begun

By Kurt Cobb - Jun 08, 2026, 11:00 AM CDT
Commercial oil inventories are being drawn down at an unusually rapid pace to compensate for supply losses linked to the closure of the Strait of Hormuz.
The world could soon approach operational inventory thresholds where supply chains become stressed, volatility rises, and fuel shortages emerge.
Markets remain overly optimistic about a quick resolution, leaving oil prices vulnerable to a sharp upward repricing.

https://oilprice.com/Energy/Energy-General/The-Countdown-to-a-Major-Oil-Price-Surge-Has-Begun.html

Do you believe them anymore? They have been saying this for a long time now and prices are very low.

What do you consider "very low"?

[Anonymous]

Anonymous wrote:BREAKING: U.S. SPR declines 7.9 million barrels in the last week to 349.2 million as of June 5, meaning that at any moment in the next few days the SPR will decline to its lowest since 1983, when it was being filled for the first time.


I guess trump is going to run it down to zero and then we won't have any oil reserves. Yay, or something.

Only need enough to last until the midterms.

[Anonymous]

Anonymous wrote:

Anonymous wrote:BREAKING: U.S. SPR declines 7.9 million barrels in the last week to 349.2 million as of June 5, meaning that at any moment in the next few days the SPR will decline to its lowest since 1983, when it was being filled for the first time.


I guess trump is going to run it down to zero and then we won't have any oil reserves. Yay, or something.

Only need enough to last until the midterms.

At what point do the Iranians just say that they'll wait for the next President?

[Anonymous]

Rogo 3.69 this morning price keeps dropping

[Anonymous]

Anonymous wrote:Rogo 3.69 this morning price keeps dropping

Rofo

[Anonymous]

Anonymous wrote:Rogo 3.69 this morning price keeps dropping

Average for USA is $4.16

[Anonymous]

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:BREAKING: U.S. SPR declines 7.9 million barrels in the last week to 349.2 million as of June 5, meaning that at any moment in the next few days the SPR will decline to its lowest since 1983, when it was being filled for the first time.


I guess trump is going to run it down to zero and then we won't have any oil reserves. Yay, or something.

Only need enough to last until the midterms.

At what point do the Iranians just say that they'll wait for the next President?

given what they did to Jimmy Carter, I am guessing they have already made that determination.

[Anonymous]

Trump just said on TruthSocial that the US military is preparing to take over Kharg Island and the US will control all of Iran's oil, like the US controls Venezuela's oil