China no longer buying oil for $30 on the black market from VZ and Iran has caused them to curtail demand?

I was told that oil is a global commodity so if China wanted it they would be driving the price to $250 bbl.

Are they cutting demand to be kind to Americans gas price?

I have noticed gas prices dropping: $4.059 at Buc-ee's In Hillsboro on 5/22, $3.579 at HEB in College Station on 5/30, and $3.499 at 7-Eleven in Austin today. I paid $3.199 because I received 30 cents off per gallon from the 7-eleven rewards app.

Ulysses90 said:

---

Old McDonald said:

---

still 40% higher than 2/27 btw

---

I would have thought that the way the talking points on egg prices backfired would have been a learning opportunity.
Here's the 2/27 average national gas price for the past six years.

---

Don't you dare state real facts …. That's a leftists nightmare

fullback44 said:

---

Ulysses90 said:

---

Old McDonald said:

---

still 40% higher than 2/27 btw

---

I would have thought that the way the talking points on egg prices backfired would have been a learning opportunity.
Here's the 2/27 average national gas price for the past six years.

---

Don't you dare state real facts …. That's a leftists nightmare

---

I expect gas prices to be higher under a Dem, but did anyone else catch that prices are higher in Trump's "I don't care about inflation" second term (at least right now) than they were at the end of his second term?

I mean, by the numbers, that is a real fact, que no?

nortex97 said:

---

That's a great deal.

VZ oil and LNG also will continue to ramp up this year (and next) on the market:

December: US warships blockade Venezuela and seize its tankers.

January: Maduro captured.

💰 June: Shell signs 5 agreements in Caracas, BP already in.

6 months from gunboats to contracts.

This is how fast an energy map gets redrawn.

Shell secured phase 1 of Loran a 7 TCF… pic.twitter.com/w5VmPo0i4L

— Jack Prandelli (@jackprandelli) June 11, 2026

Never thought I'd see this happen:

JUST IN: 🇺🇸🇸🇦 United States officially becomes the world's largest oil exporter, surpassing Saudi Arabia. pic.twitter.com/tjKcUEIpdw

— Watcher.Guru (@WatcherGuru) June 11, 2026

I think gas prices will only trend downward thru November. JMO.

---

From your lips to Allah's, Jehova's, and all the rest of them's ears.

No Spin Ag said:

---

LMCane said:

---

Oil just tumbled to $87 a barrel

I'm old enough to remember when the leftists told me oil would be $157 in July.

that was two months ago.

---

Good.

Now to see that price not go back up, and stay go further down, so prices can go back to where they used to be.

I mean, there's no way prices will go back up in a few days or weeks because of iran I'm sure.

---

Weren't you also sure about the $157 / barrel two months ago?

AGHouston11 said:

---

Trump apparently chose who he wanted to listen to and ignore others. He obviously planned on this being over with Iran fast. All we heard at first was ahead of schedule etc. He obviously chose the wrong advisors. Not only that but they may have purposely misled him because they likely knew nothing was going to be accomplished in a short time frame.

---

I think Marco Rubio gave some good advice on why it was the right time to strike.

Where do you disagree with Rubio:

https://www.state.gov/releases/office-of-the-spokesperson/2026/03/secretary-of-state-marco-rubio-remarks-to-press-6

Summary of Rubio's comments:
-------------------
Iran Military Objectives
Secretary Rubio explicitly defined the mission's scope as the destruction of Iran's ballistic missile capabilities. This includes eliminating their ability to manufacture missiles, their existing stockpiles, and their launch capabilities. Additionally, the operation targets Iran's one-way attack drones and its navy, specifically due to the threat the naval forces pose to global shipping. Rubio emphasized that these are the sole objectives of the current operation.

Quote:

---

Imagine a year from now or a year and a half from now the capabilities they would have to inflict damage on us. It's an unacceptable risk, especially in the hands of a regime that's run by radical clerics. The ayatollah is a radical was a radical cleric. That entire regime is led by radical clerics who don't make geopolitical decisions; they make decisions on the basis of theology their view of theology, which is an apocalyptic one. That has to be taken very seriously as well.

---

Regime Change Stance
While the primary goal is military degradation, Rubio expressed a strong desire for the Iranian people to overthrow the current government. He stated the U.S. would "not be heartbroken" if the regime fell and would love to see a future Iran not governed by radical clerics. However, he drew a sharp distinction between this hope and the mission's actual objective, confirming that regime change is not the goal of the military operation. When asked about the risks of installing a new government, he reiterated that while the U.S. might help a future government depending on circumstances, the current operation is strictly limited to destroying military capabilities.
-----------------------
Iran's ballistic missile capabilities have been decimated, obliterated. That was the objective. Iran is now flailing about like a whiney titty baby, and we are dealing with that, but you are incorrect that we accomplished nothing.

BusterAg said:

---

No Spin Ag said:

---

LMCane said:

---

Oil just tumbled to $87 a barrel

I'm old enough to remember when the leftists told me oil would be $157 in July.

that was two months ago.

---

Good.

Now to see that price not go back up, and stay go further down, so prices can go back to where they used to be.

I mean, there's no way prices will go back up in a few days or weeks because of iran I'm sure.

---

Weren't you also sure about the $157 / barrel two months ago?

---

No. But I am sure that currently, gas prices are higher than they were a few months ago and, by the previous post, higher than Trump's first term.

No Spin Ag said:

---

BusterAg said:

---

No Spin Ag said:

---

LMCane said:

---

Oil just tumbled to $87 a barrel

I'm old enough to remember when the leftists told me oil would be $157 in July.

that was two months ago.

---

Good.

Now to see that price not go back up, and stay go further down, so prices can go back to where they used to be.

I mean, there's no way prices will go back up in a few days or weeks because of iran I'm sure.

---

Weren't you also sure about the $157 / barrel two months ago?

---

No. But I am sure that currently, gas prices are higher than they were a few months ago and, by the previous post, higher than Trump's first term.

---

A wise man I know once posted this:

Quote:

---

Quote:

---

Quote:

---

Quote:

---

Quote:

---

Quote:

---

Quote:

---

FlyRod said:

Chatter from oil folks I'm hearing is $156 by June. That's the summer floor (projected) not ceiling. Well this thread can and should stay alive just to check the numbers.

---

---

March 16 (Current)
$94.72

March 13
$96.84

March 12
$94.43

March 11
$86.07

March 10
$82.10

March 09
$94.77

March 06 (Last Friday)
$90.90

---

If I were speculating on oil prices, I would chatter about $156/barrel too.

---

Futures markets are showing nothing like that.

Jul 2026 futures contract at $87.17
Dec 2026 futures contract at $75.97

---

At those prices, the war can last the entirety of Trump's time in office (it won't) for all I care, as long as he makes Iran, as he coined, MIGA.

---

---

BusterAg said:

---

No Spin Ag said:

---

BusterAg said:

---

No Spin Ag said:

---

LMCane said:

---

Oil just tumbled to $87 a barrel

I'm old enough to remember when the leftists told me oil would be $157 in July.

that was two months ago.

---

Good.

Now to see that price not go back up, and stay go further down, so prices can go back to where they used to be.

I mean, there's no way prices will go back up in a few days or weeks because of iran I'm sure.

---

Weren't you also sure about the $157 / barrel two months ago?

---

No. But I am sure that currently, gas prices are higher than they were a few months ago and, by the previous post, higher than Trump's first term.

---

A wise man I know once posted this:

Quote:

---

Quote:

---

Quote:

---

Quote:

---

Quote:

---

Quote:

---

Quote:

---

FlyRod said:

Chatter from oil folks I'm hearing is $156 by June. That's the summer floor (projected) not ceiling. Well this thread can and should stay alive just to check the numbers.

---

---

March 16 (Current)
$94.72

March 13
$96.84

March 12
$94.43

March 11
$86.07

March 10
$82.10

March 09
$94.77

March 06 (Last Friday)
$90.90

---

If I were speculating on oil prices, I would chatter about $156/barrel too.

---

Futures markets are showing nothing like that.

Jul 2026 futures contract at $87.17
Dec 2026 futures contract at $75.97

---

At those prices, the war can last the entirety of Trump's time in office (it won't) for all I care, as long as he makes Iran, as he coined, MIGA.

---

---

---

And as long as the Iranian people are free and there's no uranium in Iran, prices can stay where they're at. To me, it'll be worth it. Now, if we recall, MIGA was coined by Trump when he said he wanted Iranians free. That is part of the equation to hold him to when it comes to "i signed the greatest deal in history" that we all know he'll call. Anything less is not what he mentioned when he started his war.

And, just because I've taken two vacation trips and traveled by car (ICE) each thing without caring what the price was at the pump doesn't mean I won't state the fact that prices are still higher and that it's affecting people way less fortunate than all of us are.

AGpops1923 said:

---

Hey Old McDonald, put this on your farm and chew on it

---

now post the price from february

Still waiting for $200 oil and $10 gas. https://t.co/Z0iAZLaiNQ

— CA ET Nerd (@earlyvotedata) June 12, 2026

Axios is a Democrat news outlet, a la Politico/CNN etc.

No Spin Ag said:

---

BusterAg said:

---

No Spin Ag said:

---

BusterAg said:

---

No Spin Ag said:

---

LMCane said:

---

Oil just tumbled to $87 a barrel

I'm old enough to remember when the leftists told me oil would be $157 in July.

that was two months ago.

---

Good.

Now to see that price not go back up, and stay go further down, so prices can go back to where they used to be.

I mean, there's no way prices will go back up in a few days or weeks because of iran I'm sure.

---

Weren't you also sure about the $157 / barrel two months ago?

---

No. But I am sure that currently, gas prices are higher than they were a few months ago and, by the previous post, higher than Trump's first term.

---

A wise man I know once posted this:

Quote:

---

Quote:

---

Quote:

---

Quote:

---

Quote:

---

Quote:

---

Quote:

---

FlyRod said:

Chatter from oil folks I'm hearing is $156 by June. That's the summer floor (projected) not ceiling. Well this thread can and should stay alive just to check the numbers.

---

---

March 16 (Current)
$94.72

March 13
$96.84

March 12
$94.43

March 11
$86.07

March 10
$82.10

March 09
$94.77

March 06 (Last Friday)
$90.90

---

If I were speculating on oil prices, I would chatter about $156/barrel too.

---

Futures markets are showing nothing like that.

Jul 2026 futures contract at $87.17
Dec 2026 futures contract at $75.97

---

At those prices, the war can last the entirety of Trump's time in office (it won't) for all I care, as long as he makes Iran, as he coined, MIGA.

---

---

---

And as long as the Iranian people are free and there's no uranium in Iran, prices can stay where they're at. To me, it'll be worth it. Now, if we recall, MIGA was coined by Trump when he said he wanted Iranians free. That is part of the equation to hold him to when it comes to "i signed the greatest deal in history" that we all know he'll call. Anything less is not what he mentioned when he started his war.

And, just because I've taken two vacation trips and traveled by car (ICE) each thing without caring what the price was at the pump doesn't mean I won't state the fact that prices are still higher and that it's affecting people way less fortunate than all of us are.

---

I'm not sure if you know this, but Trump tends to exaggerate.

I like Rubio's discussion of why we entered into the war better:
https://www.state.gov/releases/office-of-the-spokesperson/2026/03/secretary-of-state-marco-rubio-remarks-to-press-6

Old McDonald said:

---

AGpops1923 said:

---

Hey Old McDonald, put this on your farm and chew on it

---

now post the price from february

---

The national average price for regular gasoline in October 2025 was approximately $3.06 to $3.15 per gallon, depending on the data source.

BusterAg said:

---

No Spin Ag said:

---

BusterAg said:

---

No Spin Ag said:

---

BusterAg said:

---

No Spin Ag said:

---

LMCane said:

---

Oil just tumbled to $87 a barrel

I'm old enough to remember when the leftists told me oil would be $157 in July.

that was two months ago.

---

Good.

Now to see that price not go back up, and stay go further down, so prices can go back to where they used to be.

I mean, there's no way prices will go back up in a few days or weeks because of iran I'm sure.

---

Weren't you also sure about the $157 / barrel two months ago?

---

No. But I am sure that currently, gas prices are higher than they were a few months ago and, by the previous post, higher than Trump's first term.

---

A wise man I know once posted this:

Quote:

---

Quote:

---

Quote:

---

Quote:

---

Quote:

---

Quote:

---

Quote:

---

FlyRod said:

Chatter from oil folks I'm hearing is $156 by June. That's the summer floor (projected) not ceiling. Well this thread can and should stay alive just to check the numbers.

---

---

March 16 (Current)
$94.72

March 13
$96.84

March 12
$94.43

March 11
$86.07

March 10
$82.10

March 09
$94.77

March 06 (Last Friday)
$90.90

---

If I were speculating on oil prices, I would chatter about $156/barrel too.

---

Futures markets are showing nothing like that.

Jul 2026 futures contract at $87.17
Dec 2026 futures contract at $75.97

---

At those prices, the war can last the entirety of Trump's time in office (it won't) for all I care, as long as he makes Iran, as he coined, MIGA.

---

---

---

And as long as the Iranian people are free and there's no uranium in Iran, prices can stay where they're at. To me, it'll be worth it. Now, if we recall, MIGA was coined by Trump when he said he wanted Iranians free. That is part of the equation to hold him to when it comes to "i signed the greatest deal in history" that we all know he'll call. Anything less is not what he mentioned when he started his war.

And, just because I've taken two vacation trips and traveled by car (ICE) each thing without caring what the price was at the pump doesn't mean I won't state the fact that prices are still higher and that it's affecting people way less fortunate than all of us are.

---

I'm not sure if you know this, but Trump tends to exaggerate.

I like Rubio's discussion of why we entered into the war better:
https://www.state.gov/releases/office-of-the-spokesperson/2026/03/secretary-of-state-marco-rubio-remarks-to-press-6

---

I love exaggerations, but when it comes to war and telling people America is coming to free them, yeah, that's different. At least to me, but then again, I actually want Iranians to live free like everyone deserves to.

Old McDonald said:

---

AGpops1923 said:

---

Hey Old McDonald, put this on your farm and chew on it

---

now post the price from february

---

Or hell, the price from June of 2022, too.

No Spin Ag said:

---

fullback44 said:

---

Ulysses90 said:

---

Old McDonald said:

---

still 40% higher than 2/27 btw

---

I would have thought that the way the talking points on egg prices backfired would have been a learning opportunity.
Here's the 2/27 average national gas price for the past six years.

---

Don't you dare state real facts …. That's a leftists nightmare

---

I expect gas prices to be higher under a Dem, but did anyone else catch that prices are higher in Trump's "I don't care about inflation" second term (at least right now) than they were at the end of his second term?

I mean, by the numbers, that is a real fact, que no?

---

You mention price increases without taking into account inflation.

The $2.47 per gallon average national gas price on 2/27/2020 would have been $3.20 per gallon in inflated 2026 dollars.

Throughout most of 2025 after Trump took office and until the Iran war began at the end of February, inflation adjusted gas prices during Trump's second term have been lower than during Biden's administration. Biden created a supply shortage by Green New Deal policies that drive up prices and then by massive inflation made them even worse.

Deflating the money supply is a different and a longer term problem than a spike in oil prices resulting from the war with Iran.



ETA: You argument will still convince the majority of the population that has no understanding that inflation and price increases are not the same thing so, keep using it in the presence of ignorant people.

Ulysses90 said:

---

No Spin Ag said:

---

fullback44 said:

---

Ulysses90 said:

---

Old McDonald said:

---

still 40% higher than 2/27 btw

---

I would have thought that the way the talking points on egg prices backfired would have been a learning opportunity.
Here's the 2/27 average national gas price for the past six years.

---

Don't you dare state real facts …. That's a leftists nightmare

---

I expect gas prices to be higher under a Dem, but did anyone else catch that prices are higher in Trump's "I don't care about inflation" second term (at least right now) than they were at the end of his second term?

I mean, by the numbers, that is a real fact, que no?

---

You mention price increases without taking into account inflation.

The $2.47 per gallon average national gas price on 2/27/2020 would have been $3.20 per gallon in inflated 2026 dollars.

Throughout most of 2025 after Trump took office and until the Iran war began at the end of February, inflation adjusted gas prices during Trump's second term have been lower than during Biden's administration. Biden created a supply shortage by Green New Deal policies that drive up prices and then by massive inflation made them even worse.

Deflating the money supply is a different and a longer term problem than a spike in oil prices resulting from the war with Iran.

---

You're right, I was just using the numbers presented. I'm also just talking about prices being higher in the past few months than they were before.

Natural inflation is one thing, but there's no need to add fuel (tarrifs, mostly, but Iran as well for most) to the fire.

BusterAg said:

---

I'm not sure if you know this, but Trump tends to exaggerate.

---

You mean he lies a lot.

DeschutesAg said:

---

BusterAg said:

---

I'm not sure if you know this, but Trump tends to exaggerate.

---

You mean he lies a lot.

---

Are you willing to apply the same ruler you apply to Trump to every other elected politician and to yourself?

If exaggeration is a lie, so is any amount of spin.

I have a pretty strong opinion on your relationship with spin.

Ulysses90 said:

---

No Spin Ag said:

---

fullback44 said:

---

Ulysses90 said:

---

Old McDonald said:

---

still 40% higher than 2/27 btw

---

I would have thought that the way the talking points on egg prices backfired would have been a learning opportunity.
Here's the 2/27 average national gas price for the past six years.

---

Don't you dare state real facts …. That's a leftists nightmare

---

I expect gas prices to be higher under a Dem, but did anyone else catch that prices are higher in Trump's "I don't care about inflation" second term (at least right now) than they were at the end of his second term?

I mean, by the numbers, that is a real fact, que no?

---

You mention price increases without taking into account inflation.

The $2.47 per gallon average national gas price on 2/27/2020 would have been $3.20 per gallon in inflated 2026 dollars.

Throughout most of 2025 after Trump took office and until the Iran war began at the end of February, inflation adjusted gas prices during Trump's second term have been lower than during Biden's administration. Biden created a supply shortage by Green New Deal policies that drive up prices and then by massive inflation made them even worse.

Deflating the money supply is a different and a longer term problem than a spike in oil prices resulting from the war with Iran.



ETA: You argument will still convince the majority of the population that has no understanding that inflation and price increases are not the same thing so, keep using it in the presence of ignorant people.

---

So many incorrect statements and incorrect spin in this take. You didn't even include the massive inflationary effect from the ending of a worldwide pandemic or the effects of OPEC's actions.

WTI down another 3% today, currently trading at $84 and change.

It was at $100 a couple of weeks ago

The ending of the worldwide pandemic has no effect on inflation because, as Milton pointed out on many occasions, inflation only comes from those who possess a printing press to print currency.

4 said:

---

WTI down another 3% today, currently trading at $84 and change.

It was at $100 a couple of weeks ago

---

Hilarious how it will shoot up eleventy cents, literally in an afternoon or overnight, but trickles downward over weeks and weeks and weeks.

DeschutesAg said:

---

BusterAg said:

---

I'm not sure if you know this, but Trump tends to exaggerate.

---

You mean he lies a lot.

---

He absolutely does. Too much. But his lies are "Sure, my hands are small, but I've got a python between these legs."

Progressives and current Dems (since Trump is, after all, a liberal and old school Dem) lie like "Sure, I'm stabbing you in the face, but at least the knife is organic, no BPA, Kosher, Hilal and hypoallergenic."

Dude, it's down 15% or 16% in the last couple of weeks.

That's not a trickle...

4 said:

---

Dude, it's down 15% or 16% in the last couple of weeks.

That's not a trickle...

---

Gas prices. Nobody looks at oil prices, save us.

Gas shoots up, and then trickles down.

I paid $4.35 for diesel yesterday

Two weeks ago I was paying $4.89

I know price at the pump is your schtick for whatever reason, but it is not trickling down,. it's coming down very quickly.

And yes, it is generally pretty much tied directly to the price of WTI, which was at $105 a barrel three and a half weeks ago

I've seen 3.09 at several places. Will be below 3 within a few days.

BigRobSA said:

---

DeschutesAg said:

---

BusterAg said:

---

I'm not sure if you know this, but Trump tends to exaggerate.

---

You mean he lies a lot.

---

He absolutely does. Too much. But his lies are "Sure, my hands are small, but I've got a python between these legs."

Progressives and current Dems (since Trump is, after all, a liberal and old school Dem) lie like "Sure, I'm stabbing you in the face, but at least the knife is organic, no BPA, Kosher, Hilal and hypoallergenic."

---

I can't star this enough. ROFL!

Ulysses90 said:

---

No Spin Ag said:

---

fullback44 said:

---

Ulysses90 said:

---

Old McDonald said:

---

still 40% higher than 2/27 btw

---

I would have thought that the way the talking points on egg prices backfired would have been a learning opportunity.
Here's the 2/27 average national gas price for the past six years.

---

Don't you dare state real facts …. That's a leftists nightmare

---

I expect gas prices to be higher under a Dem, but did anyone else catch that prices are higher in Trump's "I don't care about inflation" second term (at least right now) than they were at the end of his second term?

I mean, by the numbers, that is a real fact, que no?

---

You mention price increases without taking into account inflation.

The $2.47 per gallon average national gas price on 2/27/2020 would have been $3.20 per gallon in inflated 2026 dollars.

Throughout most of 2025 after Trump took office and until the Iran war began at the end of February, inflation adjusted gas prices during Trump's second term have been lower than during Biden's administration. Biden created a supply shortage by Green New Deal policies that drive up prices and then by massive inflation made them even worse.

Deflating the money supply is a different and a longer term problem than a spike in oil prices resulting from the war with Iran.



ETA: You argument will still convince the majority of the population that has no understanding that inflation and price increases are not the same thing so, keep using it in the presence of ignorant people.

---

How exactly did Biden create a shortage? Did american production get reduced significantly? I honestly dont know

Old McDonald said:

---

AGpops1923 said:

---

Hey Old McDonald, put this on your farm and chew on it

---

now post the price from february

---

If you are being honest old mcdonald you will make sure to take out the cost of refining summer blends from your cost analysis, which adds ~$0.30 gallon to the cost of every gallon of gasoline.

2040huck said:

---

Ulysses90 said:

---

No Spin Ag said:

---

fullback44 said:

---

Ulysses90 said:

---

Old McDonald said:

---

still 40% higher than 2/27 btw

---

I would have thought that the way the talking points on egg prices backfired would have been a learning opportunity.
Here's the 2/27 average national gas price for the past six years.

---

Don't you dare state real facts …. That's a leftists nightmare

---

I expect gas prices to be higher under a Dem, but did anyone else catch that prices are higher in Trump's "I don't care about inflation" second term (at least right now) than they were at the end of his second term?

I mean, by the numbers, that is a real fact, que no?

---

You mention price increases without taking into account inflation.

The $2.47 per gallon average national gas price on 2/27/2020 would have been $3.20 per gallon in inflated 2026 dollars.

Throughout most of 2025 after Trump took office and until the Iran war began at the end of February, inflation adjusted gas prices during Trump's second term have been lower than during Biden's administration. Biden created a supply shortage by Green New Deal policies that drive up prices and then by massive inflation made them even worse.

Deflating the money supply is a different and a longer term problem than a spike in oil prices resulting from the war with Iran.



ETA: You argument will still convince the majority of the population that has no understanding that inflation and price increases are not the same thing so, keep using it in the presence of ignorant people.

---

How exactly did Biden create a shortage? Did american production get reduced significantly? I honestly dont know

---

Biden cancelled construction on the Keystone XL pipeline during his first week in office.

Then his Dept of Interior refused to lease federal land for oil exploration. They also canceled leases for oil drilling on federal land if the leasee was not actively drilling. That removed predictability in production sources which is tantamount to increasing prices.



EPA Multi-Pollutant Emissions Standards Finalized April 2024 increased the cost of fuel by forcing refineries to tune their production to meet the new standards. Biden also granted a waiver to California to enforce even stricter emissions standards which is part of what drove Valero and Chevron to close their California refineries and drive California gas prices even higher.