US gas hits $4 as Trump tells nations to get their own oil
- Thread starter signalmankenneth
- Start date
It was a 25/25 split. If you allow DC to be the tie breaker, then the majority were above $4. It is now a 19/31 split, with a majority being just under $4. That will not last if trump cannot get the Strait of Hormuz open, but anyway.
People are the important thing, not states.
gfm7175
Jesus is LORD!
No, it wasn't. You obviously can't count. The majority of state averages were (and still are) under $4/gallon. DC doesn't count (as it isn't a state).
It is now an 18/32 split, with a majority being under $4. (Source: AAA)
The Strait has been open the whole time, and is STILL open now.
You don't get to shift the goalposts, Walter. The majority of states have gas prices under $4/gallon. Wholesale gasoline futures are currently about $3/gallon.
If you're in a state that has $5+/gallon gas prices, much of it is because of all the state-added taxes/fees. Wisconsin, even with its taxes and "minimum markup" requirement, averages only $3.77/gal retail atm (compared to the $5+/gal retail along the West Coast).
Mahmoud Ahmadinejad
سپاه پاسداران انقلاب اسلامی
The blockade is a bad sign for gas prices in the U.S., the Wall Street Journal reported.
According to the Journal, the naval blockade in Iran could mean more countries turning to the U.S. in search of oil and gas. If exports increase and start to drain U.S. inventory, gas prices might rise in turn. Monday, after Trump’s blockade announcement, the average cost of U.S. crude oil shot up 2.6% to $99.08 per barrel.
finance.yahoo.com
According to the Journal, the naval blockade in Iran could mean more countries turning to the U.S. in search of oil and gas. If exports increase and start to drain U.S. inventory, gas prices might rise in turn. Monday, after Trump’s blockade announcement, the average cost of U.S. crude oil shot up 2.6% to $99.08 per barrel.
US military is blocking oil imports in Iran. What does that mean for gas prices?
President Donald Trump said that gas prices “should be around the same” by fall — but might be “higher.”
finance.yahoo.com
gfm7175
Jesus is LORD!
Fake news.
Current WTI Crude price: $91.29 per barrel.
Mahmoud Ahmadinejad
سپاه پاسداران انقلاب اسلامی
Oil prices fluctuate continuously during trading hours (and nearly 24/7 for futures), so the exact figure changes by the minute.
Oil futures are volatile, and West Texas Intermediate is not the world benchmark for pricing, is it?
gfm7175
Jesus is LORD!
Indeed it does. So?
Did I ever claim that it was?
Your post mentioned US oil cost, so I quoted WTI which is the US benchmark for pricing.
This is starting to hurt. My kid is still 15 but wants to learn how to drive in order to work next year. I have an old gas guzzler but if the prices are still high next year, 14MPG will eat up his paycheck.
Mahmoud Ahmadinejad
سپاه پاسداران انقلاب اسلامی
I also mentioned retail prices per gallon at the pump.
How much are you willing to pay to keep your president from admitting his failure?
Yet it is not the world benchmark.
gfm7175
Jesus is LORD!
All you said is "gas prices might rise in turn".
What "failure"?
While I don't enjoy paying the current price ($3.49-$3.89 in my area of Wisconsin), I haven't forgotten that I paid that price for three years under the Autopen Regime. A month of this price doesn't phase me... it just depends on how long it'll last, and I don't foresee it lasting anywhere near three years (or even much more than three months).
When quoting the US price, the US benchmark is the appropriate figure to quote. It's not appropriate to quote Brent to refer to the US price.
Mahmoud Ahmadinejad
سپاه پاسداران انقلاب اسلامی
Is that what I said?
Iran is still free. Iran is ruled by the same government in had on 27 February. Iran has not been conquered. Iran retains the ability to enrich uranium. Iran persists in its support of freedom fighters abroad.
Which of these myriad, inconsistent war aims would you deem a success?
You possess the gift of prognostication?
Tell me, did you rail against the price you paid before, or is your current contentment with higher prices e recent phenomeonon?
Who told you that?
If the Strait is open, I wonder why trump was talking about bombing the Iranians into the stone age if they do not open the Strait.
gfm7175
Jesus is LORD!
I think that President Trump is well aware that Iran cannot open a Strait that they haven't actually closed.
Then why would he threaten to destroy Iranian civilization if they do not open it?
gfm7175
Jesus is LORD!
You do realize that 'Iranian civilization' is not referring to Iranian citizens (nor to all of Iran), right?