Anonymous wrote:

This is false. Due to the extensive damage to oil refineries, oil will remain high for the foreseeable future.

Went to get my usual Costco has at 9pm when the lines are empty. Well it was 6-8 cars deep per line and the employee said yesterday and today were both like this even late at night. Which I don’t get because you can’t really stockpile fuel. At least normal people can’t.

Anonymous wrote:

Diesel is already at a record high and price will remain high till late fall.

Anonymous wrote:Gas back down to $3 due to ceasefire, right? Right?

Wrong

Gas back down to $3 due to ceasefire, right? Right?

Anonymous wrote:

Yes but if US oil producers can get that oil on a tanker to ship it overseas they get a $30-$40 premium. So guess where that oil is going to go? Guess what the refinery is going to do? The refineries in the US will have to up their prices.

Guess where the oil from the SPR is now going?

The oil and ‌gas crisis triggered by the blockade of the strait of Hormuz is “more serious than the ones in 1973, ​1979 and 2022 together”, the head of the International Energy Agency (IEA) has said, as Donald Trump’s deadline for Iran to reopen the waterway approached on Tuesday.

Fatih Birol, the executive director of the IEA, told ⁠Le Figaro newspaper that the impact of the Middle East conflict on the oil market was larger than the combined force of the twin oil shocks of the 1970s and the fallout from Russia’s invasion of Ukraine.

So US crude oil is now getting a plus $30 a barrel delivered to oversea markets. This means US producers are starting to export as much US oil as they can. This will force US refineries to increase their prices for oil.

A few days of this will increase gas prices 10-20 cents. If it goes longer than a week or two it’s Katy bar the door.

Straits were open a month ago. Great job, Donny! Only listens to himself, Jared and Netanyahu, and thinks he is always the smartest person in the room! A very dangerous combination! Has no plan and is winging it every day!

Anonymous wrote:

This means summer travel around the world will be crippled, and no AC, limited ground transportation, limited cooking fuel in restaurants etc