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Nzoner's Game Room>Gasoline over $4 coming to a pump near you because this thread is ass
Donger 08:40 AM 04-23-2007
http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

Spoiler!

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Donger 12:24 PM 06-04-2024
Now $3.518/gallon. Down from $3.65 a month ago.
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Smed1065 07:03 PM 06-04-2024
$2.89 here
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KingPriest2 07:50 AM 06-05-2024
Originally Posted by Bowser:
It's the million barrels Biden pulled out of the strategic reserve. Give it a couple of weeks and it'll probably be more expensive than it was yesterday.
That’s not the reason why. 1 million barrels wouldn’t do much of a impact

In fact prices were coming down weeks before that
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IowaHawkeyeChief 08:24 AM 06-05-2024
refineries catching up from switching to summer blends... However, OPEC is reducing production so we will see what prices do.
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Donger 03:51 PM 08-25-2024
National average is $3.35. I expect it to get close to $3.00 by year-end.
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BlackHelicopters 04:23 PM 08-25-2024
Paid $2.77 this a.m. in JoMo.
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notorious 04:25 PM 08-25-2024
Originally Posted by Donger:
National average is $3.35. I expect it to get close to $3.00 by year-end.
Last time I shorted several crude contracts the Gaza Strip was invaded.

I'm going to hold off this round.
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Pitt Gorilla 04:31 PM 08-25-2024
Originally Posted by BlackHelicopters:
Paid $2.77 this a.m. in JoMo.
Paid $2.75 yesterday in Iowa.
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Shiver Me Timbers 07:24 PM 08-25-2024
The strategic reserve is about 50% of what is was in 2020. It is currently at 1983 levels.
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KingPriest2 10:32 PM 08-25-2024
Originally Posted by Shiver Me Timbers:
The strategic reserve is about 50% of what is was in 2020. It is currently at 1983 levels.
And?

We have enough days in inventory and being refilled.

It’s for supply disruptions

It really has to be a major huge disruption to totally empty it
[Reply]
BigRedChief 10:52 PM 08-25-2024
Originally Posted by Eureka:
If gas goes up over $6 a gallon here in the Bay Area is that enough to swing the state in the next presidential election? What price would it take?
$70 a gallon.
[Reply]
Shiver Me Timbers 11:57 AM 08-26-2024
Originally Posted by KingPriest2:
And?

We have enough days in inventory and being refilled.

It’s for supply disruptions

It really has to be a major huge disruption to totally empty it
I would answer your "And?" but it would sound political.
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KingPriest2 12:58 PM 08-26-2024
Originally Posted by Shiver Me Timbers:
I would answer your "And?" but it would sound political.
We have enough oil in inventory.

It’s used for supply disruptions

We are fine
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penguinz 01:59 PM 08-26-2024
Originally Posted by Shiver Me Timbers:
The strategic reserve is about 50% of what is was in 2020. It is currently at 1983 levels.
Strategic reserve was less full in Jan 2021 than in Jan 2017.
[Reply]
PHOG 02:47 PM 08-26-2024
A chart on the subject:

https://www.eia.gov/dnav/pet/hist/Le...s=mcsstus1&f=m
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