You have commented 358 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Submit your comments on this article
Economy
Movin' on up - oil, that is. The rest of us are toast
2023-09-28
[HOT AIR] BREAKING: Crude oil prices surge toward $94 and are now trading at their highest levels since August 2022.

Oil prices are up 38% in just 3 months and the national average gas price is about to cross $4.00.

Furthermore, oil prices are now 35% ABOVE where the US wanted to refill the Strategic Petroleum Reserves (SPR).

Inventories in US reserves remain at their lowest levels since 1983.

If the US attempts to refill reserves now, we will see oil prices skyrocket.

What does the US do now as gas prices soar?[
Posted by:Besoeker

#10  Filled up yesterday.

Sum'bitch.
Posted by: swksvolFF   2023-09-28 13:35  

#9  In Ga. its now $2.96 to $3.09 for Regular Ethanol per Gallon. Because Gov. Kemp eliminated the GA GAS tax ($0.30+/-) until sometime in Oct. Although Kemp is a Political opportunist weasel. He does understand a basic spending rule. "You got have it to spend it."

The lower prices will have people more likely to head out for food, restaurants, and stores sales. Which generate sales taxes and employment #'s will benefit going into the Holidays and the next scamdemic scare cycle.
Posted by: NN2N1   2023-09-28 13:12  

#8  Democrats always tell the voters exactly what they plan to do, then the "polite" church-going white ladies vote for them anyway. That's why we end up with election results within the margin of the steal--guilt-ridden white people who ignore the words of the candidates they vote for.
Posted by: Crusader   2023-09-28 11:24  

#7  RE #4 either way he's a dumbass and always has been. What's your point?
Posted by: Chris   2023-09-28 11:10  

#6  In other news...
Can the very reservoirs where petroleum was produced be used to store carbon? The USGS went to find out!

Posted by: Skidmark   2023-09-28 09:31  

#5  
Posted by: Grom the Reflective   2023-09-28 09:16  

#4  ^The same dumbass who initiated the sanctions?
Posted by: Grom the Reflective   2023-09-28 08:31  

#3  They would probably be working well if the chief dumbass wasn't trying to destroy the US oil industry.
Posted by: Chris   2023-09-28 08:28  

#2  So, how's them Russia-crushing sanctions working?
Posted by: Grom the Reflective   2023-09-28 06:34  

#1  Washington Examiner - Gas prices today: Where to find the cheapest fuel across the country
Posted by: Besoeker   2023-09-28 05:48  

00:00