Probably not stopping soon

Saw diesel over 5 bucks today. Gonna be run-a-way inflation if an adult doesn't soon take control because costs of transportation alone are skyrocketing.

Hippie, I was over your way today. When I went to the tax accountant the gas price in McAlisterville was $3.99, I was shocked that it wasn't over $4.00. When I came back from the accountant 45 minutes later the gas was $4.19.

Had me wondering because they're always a dime more than beside me. I got gas last Fri or Sat., I forget exactly but it was 3.69. Last night that same place is 4.09.

$3.79/gal today. It will be over $4.00 next week no doubt. Sad state of affairs with all the inflation taking place too. Will be a lean spring/summer and who knows what fall and next winter will surprise us with.

Chris

Wife just called
$3.79 also

There's an Exxon/Mobile right up the street that's always a nickle cheaper than the Wawa I filled up at this morning. i pulled in before i realized all pumps were shut down, they were out of gas.

I went to the Wawa and was talking to an old guy filling up beside me. He said the the Wawa jumped their gas price to $4.19 yesterday while the Exxon/Mobile kept it at $3.95. He said cars were lined up down the street, folks emptied them out of all grades if gas and diesel in one day.

Rat 12 MM BOPD is over 4 BILLION barrels per year. The US would need a robust drilling program to maintain production at that level for any appreciable amount of time. I think your reserve estimate for oil is definitely in the ballpark. We probably have 100+ years worth of gas. I wouldn't get too twisted up about fuel prices yet. If the Russian oil is kept off the market, the price increases are just getting started.

$3.79 here this afternoon

went from 3.59 to 3.89 in a blink of an eye 2 days ago probably over 4 now wonder if folks are filling plastic bags already

Up $.20 overnight $3.59 now.

Clear diesel 2.00 litre here today

$4.19 at convenience store. $3.89 on the Rez

Gas went up another 11 cents from this morning to 3.75 and diesel went up 20 cent to 4.19

Kansas Cat -
I am very interested in the information you have about the Utica and Marcellus shale oil and gas volume? Is the information based upon seismic testing?
Thanks, Willy

I don't know very much about those shale basins but I would say any reserves estimates are based on previous drilling results and known areal extent of the productive area.

$4.09 desil

The entire region was mapped. Drilling was and is based upon the maps. The volume as we know it is much larger than initially expected. It is a good feeling that our local energy makes the horsepower to run this superpower!

Supposedly congress has a veto proof margin to ban russian oil imports.