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Why expensive gasoline is here to stay
Why expensive gasoline is here to stay “Future presidents and administrations are going to be absolutely bedeviled by high gasoline prices.” In the short term, expectations for a drop in gasoline demand have yet to emerge. | Jeff Chiu/AP Photo The political pain that high gasoline prices have inflicted on President Joe Biden offers a […]
Report: US Gas Prices Could Double Soon, Amid Potential Supply Shortage
Report: US Gas Prices Could Double Soon, Amid Potential Supply Shortage Prices for gas at an Exxon gas station on Capitol Hill are seen March 14, 2022 in Washington, DC. (Photo by Win McNamee/Getty Images) Some gas stations across the country are already bracing for the Next Big Thing involving surging fuel prices, namely the […]
Biden’s Policy to Double Gasoline Prices
Biden’s Policy to Double Gasoline Prices Biden’s objectives, or should I say the people really running his administration which does not include even Harris, is to DOUBLE gasoline prices which is Part-B of this plan to “Build Back Better” which first requires you to destroy the economy as it currently exists. Part A was using the lockdowns […]
Canada’s Cars Are World’s Worst Gas Guzzlers, but BC May Be Tipping Point
Canada’s Cars Are World’s Worst Gas Guzzlers, but BC May Be Tipping Point Surge in electric vehicle sales a silver lining to high pump prices. [Editor’s note: Accelerating gasoline prices in B.C. have triggered an investigationby the B.C. Utilities Commission and are helping to fuel a boom in electric vehicle sales in the province. Refining more crude locally […]
US Oil Exports Are Exceeding Almost All Predictions—Thanks to Fracking
US Oil Exports Are Exceeding Almost All Predictions—Thanks to Fracking The U.S. Energy Information Administration (EIA) reported in September that crude oil exports are continuing to set records, mostly due to the fracking boom in the Permian Basin, in Texas and New Mexico. June exports hit a record 2.2 million barrels per day, while the monthly average was up […]
Oil Is Surging… And So Are Gas Prices At The Pump
Oil Is Surging… And So Are Gas Prices At The Pump Brent Crude nears $85 as WTI tops $75 – at four year highs – as the tight oil markets continue to send gas prices at the pump to the highest in four years… WTI is up over 2.5% today – spiking from $73 to […]
Oil Prices Have Been Rising And $4 A Gallon Gasoline Would Put Enormous Stress On The U.S. Economy
Oil Prices Have Been Rising And $4 A Gallon Gasoline Would Put Enormous Stress On The U.S. Economy Thanks to increasing demand and upcoming U.S. sanctions against Iran, oil prices have been rising and some analysts are forecasting that they will surge even higher in the months ahead. Unfortunately, that would be very bad news […]
What Is Behind Surging Gas Prices?
What Is Behind Surging Gas Prices? As gas stations raise prices in the wake of Hurricane Harvey, there have been numerous accusations of price gouging. Especially on social media, some are quick to conclude price gouging if they see gasoline prices go up by 10 or 20 cents per gallon over the course of a […]
Gasoline Prices Tumble As Refiners Resume Operations
Gasoline Prices Tumble As Refiners Resume Operations RBOB Gasoline futures tumbled to their lowest level in almost a week overnnight as several US Gulf Coast refineries reported their plans to restart operationsafter the devastation of Hurricane Harvey forced them to shutdown. While about one-fifth of U.S. refining capacity is halted, according to data compiled by Bloomberg, some […]
Harvey Hangover Hits Pump Prices, Jet Fuel Premium Highest Since 2008
Harvey Hangover Hits Pump Prices, Jet Fuel Premium Highest Since 2008 “It’s only just beginning,” warned one seasoned veteran energy trader as the hangover from Hurricane Harvey flows downstream to retail gas prices and jet fuel premiums. As Bloomberg notes, Harvey impact currently includes: Colonial says it’ll commingle Rbob and conventional gasoline Explorer Pipeline planning to start […]
My Prescription for 2016: Collapse Early and Often
My Prescription for 2016: Collapse Early and Often Tony Futura We are in the time of year when most sensible animals living in northerly climates are hibernating in burrows and hollow tree trunks, while the somewhat less sensible pundits make their predictions for the coming year. My prediction is always the same—things will go on […]
A Bit Of Perspective On Gasoline Prices
A Bit Of Perspective On Gasoline Prices To me, commodity pricing today is so distorted that it is almost startling. The media continues its post Goldman Sachs’ bearish calls to pound away on OPEC supply with little attention paid to rising demand. Admittedly, as we end the summer driving season, such demand will wane, adding […]
The Government Fraudulently Reported April Inflation Numbers
The Government Fraudulently Reported April Inflation Numbers There’s no B.S. like the BLS – Dave Kranzler, Investment Research Dynamics The Bureau of Labor Statistics reported the Consumer Price Index for April this morning. This Ministry of “Truth” published an inflation report that asserts that consumer inflation rose .1% month over month for April. But a further dissection […]
