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| Economy |
| Gasoline Prices UP |
| 2022-02-04 |
| January 31,2022 [GasPricesAAA] Uncertainty over Russia’s intentions toward Ukraine is contributing to higher crude oil prices, which are closing in on $90 per barrel. Russia is a member of OPEC+, and any sanctions based on their actions toward Ukraine may cause it to withhold crude oil from the global market. Higher oil prices will lead to higher pump prices for drivers. The national average for a gallon of gas has risen to $3.36, three cents more than a week ago. ---------------- up about 5 cents/gal since the report above; also up about $1/gal from last year at this time; currently WTI is well above $90/barrel; not directly related but there was a build up in inventory in January in durables (bad for next month's employment) |
| Posted by:Lord Garth |
| #10 Gas prices jump in Keystone Pipeline cancellation fallout |
| Posted by: Skidmark 2022-02-04 14:33 |
| #9 in June 2008, W was Prez |
| Posted by: Lord Garth 2022-02-04 09:35 |
| #8 FOOD FOR THOUGHT Crude Oil per Barrel prices over the last 22 years. In Jan. 2000 it was $45.66 a barrel and adjusted for inflation that would be $73.93. The highest on record price for a barrel of Crude Oil Barrel since the year 2000, happened in June 2008 when it peaked at $178.36 a barrel. Note: Yep! it happened under the Obama Admin, which is strongly rumored to be now steering this Admin/Junta. |
| Posted by: NN2N1 2022-02-04 09:15 |
| #7 BLS report out just now. +467k non farm payroll (that's right an increase - once again the ADP and BLS numbers don't agree well). Unemployment stays at 4.0; average workweek down a bit. In all not too bad. However, with the inventory build up in January, I fear February's numbers (tb released 4 March) will not be pretty. |
| Posted by: Lord Garth 2022-02-04 08:46 |
| #6 How can we support Chinese solar production if we open the Keystone ? |
| Posted by: Besoeker 2022-02-04 08:44 |
| #5 Two simple acts - reenact Trumps fracking authorization and the keystone pipeline, would stabilize prices. But NOOOOOOOOOO. Self Inflicted Wound! |
| Posted by: Procopius2k 2022-02-04 08:31 |
| #4 #3 Can it get any worse? You know better than to ask that question! |
| Posted by: Nguard 2022-02-04 08:14 |
| #3 Can it get any worse? |
| Posted by: Merrick Ferret 2022-02-04 05:13 |
| #2 In the 70's they simply slowed the crude oil ships down to drive prices up. |
| Posted by: crazyhorse 2022-02-04 02:04 |
| #1 As annoying as it is, I'm not in the mood to get laid off again. And yes Skid, I'm a rig guy. Been MWD, Mudlogger, and now I do automation software. Out here on a rig in West Virigina atm. |
| Posted by: Silentbrick 2022-02-04 01:52 |