ChiefsPlanet - Home and Auto Gasoline over $4 coming to a pump near you because this thread is ass

It's the million barrels Biden pulled out of the strategic reserve. Give it a couple of weeks and it'll probably be more expensive than it was yesterday.

That’s not the reason why. 1 million barrels wouldn’t do much of a impact

In fact prices were coming down weeks before that

IowaHawkeyeChief

06-05-2024 08:24 AM

refineries catching up from switching to summer blends... However, OPEC is reducing production so we will see what prices do.

Donger

08-25-2024 03:51 PM

National average is $3.35. I expect it to get close to $3.00 by year-end.

BlackHelicopters

08-25-2024 04:23 PM

Paid $2.77 this a.m. in JoMo.

notorious

08-25-2024 04:25 PM

Quote:

Originally Posted by Donger (Post 17645952)

National average is $3.35. I expect it to get close to $3.00 by year-end.

Last time I shorted several crude contracts the Gaza Strip was invaded.

I'm going to hold off this round.

Pitt Gorilla

08-25-2024 04:31 PM

Quote:

Originally Posted by BlackHelicopters (Post 17646006)

Paid $2.77 this a.m. in JoMo.

Paid $2.75 yesterday in Iowa.

Shiver Me Timbers

08-25-2024 07:24 PM

The strategic reserve is about 50% of what is was in 2020. It is currently at 1983 levels.

KingPriest2

08-25-2024 10:32 PM

Quote:

Originally Posted by Shiver Me Timbers (Post 17646172)

The strategic reserve is about 50% of what is was in 2020. It is currently at 1983 levels.

And?

We have enough days in inventory and being refilled.

It’s for supply disruptions

It really has to be a major huge disruption to totally empty it

BigRedChief

08-25-2024 10:52 PM

Quote:

Originally Posted by Eureka (Post 17479725)

If gas goes up over $6 a gallon here in the Bay Area is that enough to swing the state in the next presidential election? What price would it take?

$70 a gallon.

Shiver Me Timbers

08-26-2024 11:57 AM

Quote:

Originally Posted by KingPriest2 (Post 17646317)

And?

We have enough days in inventory and being refilled.

It’s for supply disruptions

It really has to be a major huge disruption to totally empty it

I would answer your "And?" but it would sound political.

KingPriest2

08-26-2024 12:58 PM

Quote:

Originally Posted by Shiver Me Timbers (Post 17646989)

I would answer your "And?" but it would sound political.

We have enough oil in inventory.

It’s used for supply disruptions

We are fine

penguinz

08-26-2024 01:59 PM

Quote:

Originally Posted by Shiver Me Timbers (Post 17646172)

The strategic reserve is about 50% of what is was in 2020. It is currently at 1983 levels.