HoustonAggie11 said:

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here we go again Texags experts saying gas going to shoot through the moon.....

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It's basic arithmetic at this point. Countries are dipping in their reserves. Australia is importing crude from USGC. The last of the prewar tankers are making it to AP with nothing following. If everything were to be resolved today, a lot of tankers repositioned so it'll take time to get back and the ones nearby will charge a premium.

It'll take at minimum a day to load, about 4 weeks to get to AP, and at least another day to unload. In 1 month 400 million barrels went off the market. It'll take at best in most ideal conditions a month to restore. And coincidentally, the global SPR reserve released is 400MB which is 1 month of supply from Persian Gulf that is lost. Everyday this continues into April eats into reserves and pretty soon countries start hoarding.

ExxonMobil made a new all time high today at $170. Investors are positioning for record energy prices.

BrazosDog02 said:

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T dizl televizl said:

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Dan Scott said:

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Next week I think it starts to get real. The last tankers from Persian Gulf are now arriving in AP.

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Had a talk with a client today about how if diesel stays above $5 / gal his company is going to start getting squeezed hard. He was worried about fuel charges added to all shipping orders and an inability to pass that on to his clients.

Will be interest to see how Trump handles this if it starts to effect the economy in a big(ly) way

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No going back now.

If he is a legitimate company, he won't have any trouble passing it on to the customer as he should because all of his competitors will be doing the same.

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Well yes but at some point you can't keep increasing the price on non essential goods without the consumer deciding to not buy.

I'm not that worried in the grand scheme of things. But there is a real chance of contraction of the economy if oil prices stay high for longer.

T dizl televizl said:

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BrazosDog02 said:

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T dizl televizl said:

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Dan Scott said:

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Next week I think it starts to get real. The last tankers from Persian Gulf are now arriving in AP.

---

Had a talk with a client today about how if diesel stays above $5 / gal his company is going to start getting squeezed hard. He was worried about fuel charges added to all shipping orders and an inability to pass that on to his clients.

Will be interest to see how Trump handles this if it starts to effect the economy in a big(ly) way

---

No going back now.

If he is a legitimate company, he won't have any trouble passing it on to the customer as he should because all of his competitors will be doing the same.

---

Well yes but at some point you can't keep increasing the price on non essential goods without the consumer deciding to not buy.

I'm not that worried in the grand scheme of things. But there is a real chance of contraction of the economy if oil prices stay high for longer.

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What industry is he in?

BrazosDog02 said:

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T dizl televizl said:

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BrazosDog02 said:

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T dizl televizl said:

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Dan Scott said:

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Next week I think it starts to get real. The last tankers from Persian Gulf are now arriving in AP.

---

Had a talk with a client today about how if diesel stays above $5 / gal his company is going to start getting squeezed hard. He was worried about fuel charges added to all shipping orders and an inability to pass that on to his clients.

Will be interest to see how Trump handles this if it starts to effect the economy in a big(ly) way

---

No going back now.

If he is a legitimate company, he won't have any trouble passing it on to the customer as he should because all of his competitors will be doing the same.

---

Well yes but at some point you can't keep increasing the price on non essential goods without the consumer deciding to not buy.

I'm not that worried in the grand scheme of things. But there is a real chance of contraction of the economy if oil prices stay high for longer.

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What industry is he in?

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Sporting goods. So hunting , ammo , fishing , apparel.

T dizl televizl said:

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BrazosDog02 said:

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T dizl televizl said:

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BrazosDog02 said:

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T dizl televizl said:

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Dan Scott said:

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Next week I think it starts to get real. The last tankers from Persian Gulf are now arriving in AP.

---

Had a talk with a client today about how if diesel stays above $5 / gal his company is going to start getting squeezed hard. He was worried about fuel charges added to all shipping orders and an inability to pass that on to his clients.

Will be interest to see how Trump handles this if it starts to effect the economy in a big(ly) way

---

No going back now.

If he is a legitimate company, he won't have any trouble passing it on to the customer as he should because all of his competitors will be doing the same.

---

Well yes but at some point you can't keep increasing the price on non essential goods without the consumer deciding to not buy.

I'm not that worried in the grand scheme of things. But there is a real chance of contraction of the economy if oil prices stay high for longer.

---

What industry is he in?

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Sporting goods. So hunting , ammo , fishing , apparel.

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It might contract but those things are not things I generally think of people doing without. All competitors are going to have to raise prices to remain in business so the consumer won't have a choice but to pay higher prices or properly abandon the hobby/sport and as a sporting and hunting guy myself, I'll eat that cost all day long to continue my hobby.

People happily pay 20 bucks for a burger and 9 bucks for a coffee. They may ***** and moan, but they do manage to find the money.

Purely anecdotal. Diesel at the Bucees in Waller is down $0.30 this week. I was pleasantly surprised this afternoon.

Was in Lubbock today. $3.01 at Stripes. Was at Walmart later where it was $3.05 according to the sign.

Entering into week 5 and 3 hours until markets open. Every Sunday night or early Monday morning Trump has said something to calm the markets. Last week he said there is dialogue with Iran and halting strikes on energy infrastructure. He then extended it into April. I don't think the market is going to believe it too much anymore. Irans energy infrastructure is being hit now.

JUST IN: 🇮🇷 Video shows large-scale blackout across Tehran, Iran after US-Israeli strikes. pic.twitter.com/5abHBkT2Yu

— BRICS News (@BRICSinfo) March 29, 2026

Irans parliament speaker giving trading advice. LOL

Heads-up: Pre-market so-called “news” or “Truth” is often just a setup for profit-taking. Basically, it’s a reverse indicator.

Do the opposite: If they pump it, short it. If they dump it, go long.

See something tomorrow? You know the drill.

— محمدباقر قالیباف | MB Ghalibaf (@mb_ghalibaf) March 29, 2026

Equinox said:

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Was in Lubbock today. $3.01 at Stripes. Was at Walmart later where it was $3.05 according to the sign.

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$3.429 around me in NE San AntMexico

Paid 5.17 for diesel today in Cheyenne WY.

Best thing about living in Mexico is Our gas prices are capped by the Government. We havent seen any increase in fuel prices.

The national average price of diesel has reached $5.37/gal, the highest level since July 27, 2022, according to GasBuddy data.

— Patrick De Haan (@GasBuddyGuy) March 30, 2026

Somewhat misleading stat….CA >$7/gal, TX <$4…. Depends where you're buying your fuel

That's not sustainable. Markets don't care about centralized economic control

Bayou City said:

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Best thing about living in Mexico is Our gas prices are capped by the Government. We havent seen any increase in fuel prices.

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Lol, smh

Bayou City said:

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Best thing about living in Mexico is Our gas prices are capped by the Government. We havent seen any increase in fuel prices.

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Either User Name does NOT fit or you're really misrepresenting the ethnic makeup of Houston.

Also don't give Dora any ideas! The County and the City are BROKE!

I paid 4.99 for diesel and passed several stations from 5.14 to 5.30 per gallon in Seguin. Prices only going up, nothing going down for week 4 now.

KerrAg76 said:

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Somewhat misleading stat….CA >$7/gal, TX <$4…. Depends where you're buying your fuel

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You are looking at gasoline but the tweet is for diesel which is essentially $5/gal in Texas on average. You are correct about gasoline prices being under $4 at $3.60. California is $5.87 for reference and the national average is $3.98.

https://gasprices.aaa.com/state-gas-price-averages/

Dan Scott said:

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HoustonAggie11 said:

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here we go again Texags experts saying gas going to shoot through the moon.....

---

It's basic arithmetic at this point. Countries are dipping in their reserves. Australia is importing crude from USGC. The last of the prewar tankers are making it to AP with nothing following. If everything were to be resolved today, a lot of tankers repositioned so it'll take time to get back and the ones nearby will charge a premium.

It'll take at minimum a day to load, about 4 weeks to get to AP, and at least another day to unload. In 1 month 400 million barrels went off the market. It'll take at best in most ideal conditions a month to restore. And coincidentally, the global SPR reserve released is 400MB which is 1 month of supply from Persian Gulf that is lost. Everyday this continues into April eats into reserves and pretty soon countries start hoarding.

ExxonMobil made a new all time high today at $170. Investors are positioning for record energy prices.

---

So as these oil stock prices rise… the real million dollar question is do investors take some big profits and then wait for stock prices to dip and then get back in? That's all I'm trying to figure out …. They will adjust back down but it's temping to take profits. I'm a long term investor in some oil stocks with dividends but taking some big profits is very tempting …it makes the greed in a person come out no doubt .. lol

fullback44 said:

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Dan Scott said:

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HoustonAggie11 said:

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here we go again Texags experts saying gas going to shoot through the moon.....

---

It's basic arithmetic at this point. Countries are dipping in their reserves. Australia is importing crude from USGC. The last of the prewar tankers are making it to AP with nothing following. If everything were to be resolved today, a lot of tankers repositioned so it'll take time to get back and the ones nearby will charge a premium.

It'll take at minimum a day to load, about 4 weeks to get to AP, and at least another day to unload. In 1 month 400 million barrels went off the market. It'll take at best in most ideal conditions a month to restore. And coincidentally, the global SPR reserve released is 400MB which is 1 month of supply from Persian Gulf that is lost. Everyday this continues into April eats into reserves and pretty soon countries start hoarding.

ExxonMobil made a new all time high today at $170. Investors are positioning for record energy prices.

---

So as these oil stock prices rise… the real million dollar question is do investors take some big profits and then wait for stock prices to dip and then get back in? That's all I'm trying to figure out …. They will adjust back down but it's temping to take profits. I'm a long term investor in some oil stocks with dividends but taking some big profits is very tempting …it makes the greed in a person come out no doubt .. lol

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Maybe take at least some. Never hurts.

(Not financial advice.)

FYI...download the Circle K app and add your card to pay through their phone app...saved $0.55/gal this morning on diesel in Victoria...$4.18 after discount

They are running a deal if you send a text you save an extra 30c/gal on your next two fill ups. Regularly save 25-35c/gal just by paying through the app

I didn't buy a Tesla for gas price savings or the "global warming" nonsense, but I bought it more for the self-driving option and just out of being a nerd/gadget guy.

It is less expensive for "gas" even when the price is $1.75 for gallon. But for times like now, it is nice to have.

I also have a Nissan Titan Diesel with a Cummins because I have some acreage I need it for and boats/trailers, etc..

That diesel price right now -- yikes.

I absolutely love my Tesla and will always have an EV for daily driving. My Tesla says it does the driving 83% of the time.

But I will always also have GAS or DIESEL truck. It is nice to have options.

This gas price shock is temporary. If Trump can fix the Middle East, this price shock will be well worth the money.

That's why we didn't trade wife's '17 Range Rover diesel. One they don't import them after the VW fiasco, they wouldn't give squat for trade, but it gets about 38 hiway.
Beats my deleted F250 by a few mpg.

Paid 4.45 this morning in Casper WY. Get a few miles off I-25 and the price drops considerably.

KerrAg76 said:

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Somewhat misleading stat….CA >$7/gal, TX <$4…. Depends where you're buying your fuel

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True, but things like this were put out when Biden was in office, when Trump was in office the first time, and so on and so forth.

Everyone knows they're misleading, but if it can paint the other side in a negative way, they do it anyway.

Phoenix area Circle K today. Trump won in 2024 but it's going to be a hard sell this fall. I'm hearing more of my circle sounding unhappy with the Republicans.

fullback44 said:

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Dan Scott said:

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HoustonAggie11 said:

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here we go again Texags experts saying gas going to shoot through the moon.....

---

It's basic arithmetic at this point. Countries are dipping in their reserves. Australia is importing crude from USGC. The last of the prewar tankers are making it to AP with nothing following. If everything were to be resolved today, a lot of tankers repositioned so it'll take time to get back and the ones nearby will charge a premium.

It'll take at minimum a day to load, about 4 weeks to get to AP, and at least another day to unload. In 1 month 400 million barrels went off the market. It'll take at best in most ideal conditions a month to restore. And coincidentally, the global SPR reserve released is 400MB which is 1 month of supply from Persian Gulf that is lost. Everyday this continues into April eats into reserves and pretty soon countries start hoarding.

ExxonMobil made a new all time high today at $170. Investors are positioning for record energy prices.

---

So as these oil stock prices rise… the real million dollar question is do investors take some big profits and then wait for stock prices to dip and then get back in? That's all I'm trying to figure out …. They will adjust back down but it's temping to take profits. I'm a long term investor in some oil stocks with dividends but taking some big profits is very tempting …it makes the greed in a person come out no doubt .. lol

---

I'm struggling with the same thing. ExxonMobil is trading at valuations way beyond historical norm. It's forward PE is now higher than NVDA. When this is all over, they will have a monster amount of cash on their balance sheet. I think it makes a run to Trillion dollar valuation.

My bias is towards higher for longer as well. XOM will basically pay for Pioneer in 3 years.

Update: KPC confirmed that the fully-laden Kuwaiti tanker Al-Salmi was attacked in Dubai port—causing hull damage and a fire onboard. No casualties reported, but spill risk remains and Kuwait has issued an “extreme” threat alert. https://t.co/vwFnlROyP9

— OilPrice.com (@OilandEnergy) March 30, 2026

Wonderful.

jja79 said:

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Phoenix area Circle K today. Trump won in 2024 but it's going to be a hard sell this fall. I'm hearing more of my circle sounding unhappy with the Republicans.

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This has more to with CA democrats screwing the pooch so hard. They can blame Trump but their energy prices will be screwed up for a very long time.

AlaskanAg99 said:

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jja79 said:

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Phoenix area Circle K today. Trump won in 2024 but it's going to be a hard sell this fall. I'm hearing more of my circle sounding unhappy with the Republicans.

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This has more to with CA democrats screwing the pooch so hard. They can blame Trump but their energy prices will be screwed up for a very long time.

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Agree. Those prices are a big yawn for me. I've been in Cali several times the last few years and their gas prices are about $2/gal higher than TX. Looks about right to me with gas here in the $3.50 range.

That $2 difference has nothing to do with Iran or Trump and everything to do with Dems insane climate policies. In fact, that $2 spread more likely becomes $3 or $4 with refineries recently shutting down because the Dems drove them out of the state. Lol, Newsome begged them not to go at the last minute when he realized the consequences, but they said "later, see ya!"

MemphisAg1 said:

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AlaskanAg99 said:

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jja79 said:

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Phoenix area Circle K today. Trump won in 2024 but it's going to be a hard sell this fall. I'm hearing more of my circle sounding unhappy with the Republicans.

---

This has more to with CA democrats screwing the pooch so hard. They can blame Trump but their energy prices will be screwed up for a very long time.

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Agree. Those prices are a big yawn for me. I've been in Cali several times the last few years and their gas prices are about $2/gal higher than TX. Looks about right to me with gas here in the $3.50 range.

That $2 difference has nothing to do with Iran or Trump and everything to do with Dems insane climate policies. In fact, that $2 spread more likely becomes $3 or $4 with refineries recently shutting down because the Dems drove them out of the state. Lol, Newsome begged them not to go at the last minute when he realized the consequences, but they said "later, see ya!"

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There are 7 refineries left. Chevron and Marathon own 2 ea. They have both publicly sent statements to Newsime about their concern over CARB increasing the stringent rules and haven't ruled out closing their remaining refineries.

This pushes production to SE Asia, which is under pressure for deliveries from the ME. Its an absolute cluster.

We were paying in the $2.50 - $2.75 range late February. Whether it's California or Iran it's not going to play well with voters and it's definitely a topic of conversation here.

Markets blasting off. Something just happened