Every now and then I see this thread was active and I click to see if any interesting developments have come about.

Instead it's people regurgitating what their retail gas prices are near them like that's remotely interesting or relevant to the topic.

909Ag2006 said:

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Will be over $125 WTI by the end of the day tomorrow is my guess.

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$92.07

WE control this, not Iran. These high prices are simply a logistical problem.

And the entire world other than Iran and Russia want the strait open. This includes China.

The only country that can oppose this in any way is iran, and they have absolutely no military means of doing so, other than small pot shots they can take, and those are quickly going to be removed.

We actually have an oversupply of oil in relation to demand right now, though there will be a lot of pent-up demand once the strait is fully opened again, which will be very soon, days possibly.

In the meanwhile, the USA starts exporting a hell of a lot more oil. Other countries don't want to run this risk anymore.

My bet is that WTI is back in the 70s by June.

GAC06 said:

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Every now and then I see this thread was active and I click to see if any interesting developments have come about.

Instead it's people regurgitating what their retail gas prices are near them like that's remotely interesting or relevant to the topic.

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Yeah I feel like I'm listening to the "Pump Watch" segment on KRLD 1080.

$2.65 at Sunoco in Spring.

GAC06 said:

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Every now and then I see this thread was active and I click to see if any interesting developments have come about.

Instead it's people regurgitating what their retail gas prices are near them like that's remotely interesting or relevant to the topic.

---

Considering this thread is less than two months old, it is somewhat amusing to me since I know how the oil industry from drilling to the gas pump is structured. Takes a bit of time for things to work through the system.

But markets don't work the same way. They just knee-jerk react to every little thing as if the sky is falling.

Seeing some posts on X about speculators who wanted to make a quick buck not realizing that buying oil means you are buying oil. They are being required to pick up their barrels and don't have any idea how to do it.

🚨 Treasury Sec. Scott Bessent just FIRED OFF A WARNING to the oil and gas companies if they refuse to drop prices the same way they raised prices!

"Treasury will be keeping retail gas stations HONEST. You did this on the way up, better be doing this on the way down!" 🔥

"I'm… pic.twitter.com/383e5glXyG

— Eric Daugherty (@EricLDaugh) April 15, 2026

Just don't go windfall profits tax talk.

Nice. I love it when government gets involved in private business. It's so Republican.

Quote:

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Seeing some posts on X about speculators who wanted to make a quick buck not realizing that buying oil means you arebuying oil. They are being required to pick up their barrels and don't have any idea how to do it.

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That reminds me of the Millard family, who operated cold storage facilities thought out the United States. Many years ago, they started trading pork bellies. If they were upside down, they'd take the bellies, put them in their freezers, and then sell them when the market went higher. They got so good at it the SEC told them they needed to start processing those bellies. So they converted an Omaha cold storage facility (over 600,000 square feet) into a bacon facility. Tyson bought it in 2002. As I recall, that one facility produced 13% of all the bacon in the United States.

GAC06 said:

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Every now and then I see this thread was active and I click to see if any interesting developments have come about.

Instead it's people regurgitating what their retail gas prices are near them like that's remotely interesting or relevant to the topic.

---

Probably because that's the price at the pump, which is what we are paying....regardless of what a barrel of oil costs. Basically, the only thing that matters to the majority of people.

Simplistic? Yep

Logical? Absolutely

BrazosDog02 said:

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Nice. I love it when government gets involved in private business. It's so Republican.

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There was a time when Republicans blamed the guy in office for high gas prices:
https://www.nbcnews.com/id/wbna42779618

Quote:

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With Americans upset over rising gasoline prices, Republicans in Congress aim to fix the blame on one person when they return next week from recess: President Barack Obama.

.....

The 2012 presidential and congressional elections are 18 months away, but they already dominate the Washington dynamic.

On Monday, House Speaker John Boehner, interviewed by ABC News, predicted Obama would not win a second term if gasoline prices were to rise to $5 or $6 a gallon.

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3.39 at Costco Dallas this morning. It was 3.46 on Monday.

aggiehawg said:

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GAC06 said:

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Every now and then I see this thread was active and I click to see if any interesting developments have come about.

Instead it's people regurgitating what their retail gas prices are near them like that's remotely interesting or relevant to the topic.

---

Considering this thread is less than two months old, it is somewhat amusing to me since I know how the oil industry from drilling to the gas pump is structured. Takes a bit of time for things to work through the system.

But markets don't work the same way. They just knee-jerk react to every little thing as if the sky is falling.

---

They've got a future in punditry. Doesn't matter which side.

Just south of Knoxville. The local Shell station was selling regular for $3.99/gallon the other day. Today it's $3.55/gallon. Quite a drop.

tysker said:

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BrazosDog02 said:

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Nice. I love it when government gets involved in private business. It's so Republican.

---

There was a time when Republicans blamed the guy in office for high gas prices:
https://www.nbcnews.com/id/wbna42779618

Quote:

---

With Americans upset over rising gasoline prices, Republicans in Congress aim to fix the blame on one person when they return next week from recess: President Barack Obama.

.....

The 2012 presidential and congressional elections are 18 months away, but they already dominate the Washington dynamic.

On Monday, House Speaker John Boehner, interviewed by ABC News, predicted Obama would not win a second term if gasoline prices were to rise to $5 or $6 a gallon.

---

---

There was a time when an American President gave billions of dollars in cash to the Islamic Republic-

and we also had super high gas prices.

thanks for reminding us!!

Meanwhile.....in the lands of those whom our betters think we should more emulate:

🇪🇺Ursula von der Leyen regarding the energy crises in Europe:

“The cheapest energy is the one you don't use. Stay home, don't drive, don't use electricity.” pic.twitter.com/unbXMHnFUM

— Megatron (@Megatron_ron) April 14, 2026

Squadron7 said:

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Meanwhile.....in the lands of those whom our betters think we should more emulate:

🇪🇺Ursula von der Leyen regarding the energy crises in Europe:

“The cheapest energy is the one you don't use. Stay home, don't drive, don't use electricity.” pic.twitter.com/unbXMHnFUM

— Megatron (@Megatron_ron) April 14, 2026

---

You first, lady.

So, lockdowns coming too?

Claude! said:

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Squadron7 said:

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Meanwhile.....in the lands of those whom our betters think we should more emulate:

🇪🇺Ursula von der Leyen regarding the energy crises in Europe:

“The cheapest energy is the one you don't use. Stay home, don't drive, don't use electricity.” pic.twitter.com/unbXMHnFUM

— Megatron (@Megatron_ron) April 14, 2026

---

You first, lady.

---

In the comments you'll see...unexpectedly!...about 30 different photos of her boarding private aircraft.

Next week’s update: The most affordable food is the meal you don’t eat. Stay hungry, don't chew, avoid calories. Groundbreaking stuff from the Commission. 🙄

— Chase (@Chase1714898326) April 14, 2026

Wont be long until they institute rolling blackouts.

Can't use energy if its not avaliable.

Equinox said:

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$3.79 at the OXXO close to my house. Was $4.14 a couple of days ago.

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$3.49 at this station today.

Squadron7 said:

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Meanwhile.....in the lands of those whom our betters think we should more emulate:

🇪🇺Ursula von der Leyen regarding the energy crises in Europe:

“The cheapest energy is the one you don't use. Stay home, don't drive, don't use electricity.” pic.twitter.com/unbXMHnFUM

— Megatron (@Megatron_ron) April 14, 2026

---

"Let them eat cake"

BREAKING: The US exported over 5 million barrels of oil per day last week, a record high, amid the Iran War.

In aggregate, the US exported a record 12.7 million barrels of crude oil and refined products per day last week.

As the Iran War leads to one of the largest energy… pic.twitter.com/x7XyTKNLBV

— The Kobeissi Letter (@KobeissiLetter) April 15, 2026

June NYMEX has begun trading, and the market opens to test the interest of a sub-$80 barrel of WTI.

BREAKING: Iran officially reopens the Strait of Hormuz for ALL commercial vessels for the remaining period of the ceasefire.

Iran's statement below:

"In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely…

— The Kobeissi Letter (@KobeissiLetter) April 17, 2026

Squadron7 said:

---

Meanwhile.....in the lands of those whom our betters think we should more emulate:

🇪🇺Ursula von der Leyen regarding the energy crises in Europe:

“The cheapest energy is the one you don't use. Stay home, don't drive, don't use electricity.” pic.twitter.com/unbXMHnFUM

— Megatron (@Megatron_ron) April 14, 2026

---

It took about 80 years for the wool to finally be fully torn off from the world's eyes. Europe, without colonial resources, and without capital to be one of the leading sources of innovation, is a worthless group of countries.

They only serve as a small set of consumers for the US and BRIC country products, and convenient basing for US military forces.

Not only are they not self-sufficient, they carry an air of self-importance because of cultural innovations they pioneered when had said colonial resources over a century ago.

aggiehawg said:

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Guess the sky isn't falling that much anymore, eh?

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Considering I am still paying over $2 a gallon more for diesel than I was a few months ago I would say we have a long way to go still.

docb said:

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aggiehawg said:

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Guess the sky isn't falling that much anymore, eh?

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Considering I am still paying over $2 a gallon more for diesel than I was a few months ago I would say we have a long way to go still.

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Still over 5 bucks a gallon for me in CO for diesel.

Hoyt Ag said:

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docb said:

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aggiehawg said:

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Guess the sky isn't falling that much anymore, eh?

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Considering I am still paying over $2 a gallon more for diesel than I was a few months ago I would say we have a long way to go still.

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Still over 5 bucks a gallon for me in CO for diesel.

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It's still over $5 a gallon in Texas also

4 said:

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909Ag2006 said:

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Will be over $125 WTI by the end of the day tomorrow is my guess.

---

$92.07

WE control this, not Iran. These high prices are simply a logistical problem.

And the entire world other than Iran and Russia want the strait open. This includes China.

The only country that can oppose this in any way is iran, and they have absolutely no military means of doing so, other than small pot shots they can take, and those are quickly going to be removed.

We actually have an oversupply of oil in relation to demand right now, though there will be a lot of pent-up demand once the strait is fully opened again, which will be very soon, days possibly.

In the meanwhile, the USA starts exporting a hell of a lot more oil. Other countries don't want to run this risk anymore.

My bet is that WTI is back in the 70s by June.

---

Told you.

In one week, you'll see drastically reduced prices at the pump.

Like most everything else, gas/diesel aren't going to plummet in a single day to reflect the market.

When avian flu was contained, egg prices didn't drop 50% from a monday to tuesday. Similarly, oil has to be extracted, transported, refined, exported. The full effect of a balancing market takes more than 30 days. But the signals are that it IS balancing, as most rational heads have stated in opposite of the MSM

aggiehawg said:

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Guess the sky isn't falling that much anymore, eh?

---

Until it goes back to .99 a gallon when I was in high school, the sky will always be falling for me.

Now, if you'll excuse me, I'm going back to my morning ritual of yelling at clouds.

And... as stated a few days ago, Trump has simultaneously increased our export sales massively.

This guy is an absolute master of convincing people he doesn't know what he's doing while executing on very specific goals with incredible efficiency.

"Crude Oil Supply Tightness Deepens as Asia Turns to US Exports"

http://www.investing.com/analysis/crude-oil-supply-tightness-deepens-as-asia-turns-to-us-exports-200678691