Re: Gas Prices
[Re: Trapper7]
#7686293
10/05/22 11:31 PM
10/05/22 11:31 PM
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Joined: Jun 2007
Posts: 16,150 Tennessee
Scuba1
"color blind Kraut"
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"color blind Kraut"
Joined: Jun 2007
Posts: 16,150
Tennessee
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They know what they are doing and its working great . Breaking Americas back is what they are after
Let's go Brandon
"Shall not comply" with morons who don't understand "shall not infringe."
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Re: Gas Prices
[Re: Trapper7]
#7686316
10/06/22 04:17 AM
10/06/22 04:17 AM
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Joined: Jul 2017
Posts: 2,672 Ohio
Willy Firewood
trapper
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trapper
Joined: Jul 2017
Posts: 2,672
Ohio
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Time to stock up before the next series of increases. I ordered more heating oil, on-road diesel, and off-road diesel. Yes I understand two are the same product, but they are stored in different places and one has sales tax added.
FRAC LIVES MATTER
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Re: Gas Prices
[Re: Trapper7]
#7686474
10/06/22 09:41 AM
10/06/22 09:41 AM
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Joined: Feb 2021
Posts: 2,365 Interior Alaska
Oh Snap
trapper
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trapper
Joined: Feb 2021
Posts: 2,365
Interior Alaska
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Mid grade last night $5.74
I love the smell of burning spruce---I love the sound of a spring time goose---I love the feel of 40 below---from my trapline I will never go!
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Re: Gas Prices
[Re: Trapper7]
#7686478
10/06/22 09:45 AM
10/06/22 09:45 AM
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Joined: May 2012
Posts: 5,898 michigan,USA
seniortrap
trapper
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trapper
Joined: May 2012
Posts: 5,898
michigan,USA
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Gas went to $4.49 yesterday. What the F............!
Vietnam--1967 46th. Const./Combat Engineers
"Chaotic action is preferable to orderly inaction." "After the first shot, all plans go out the window!"
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Re: Gas Prices
[Re: Trapper7]
#7686513
10/06/22 10:45 AM
10/06/22 10:45 AM
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Joined: Dec 2010
Posts: 4,828 central arkansas
the Blak Spot
trapper
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trapper
Joined: Dec 2010
Posts: 4,828
central arkansas
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3.24 yesterday morning, this AM 3.39
the just shall live by faith
member FTA, ATA, EAFT 1776 - the year we told a tyrant we weren't to be under a dictator Caveat ater macula
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Re: Gas Prices
[Re: Scuba1]
#7686521
10/06/22 10:55 AM
10/06/22 10:55 AM
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Joined: Dec 2006
Posts: 15,697 MN, Land of 10,000 Lakes
Trapper7
OP
trapper
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OP
trapper
Joined: Dec 2006
Posts: 15,697
MN, Land of 10,000 Lakes
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They know what they are doing and its working great . Breaking Americas back is what they are after Forcing Americans to buy electric vehicles. I heard on NewsMax this morning that Joe is planning to tap into the reserves once again. I'm sure after the midterms that will end if there's anything left in the reserves by then.
We are told not to judge all Muslims by the actions of a few lunatics, but are told to judge all gunowners by the actions of a few.
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Re: Gas Prices
[Re: Trapper7]
#7686545
10/06/22 11:39 AM
10/06/22 11:39 AM
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Joined: Dec 2010
Posts: 11,181 Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Posts: 11,181
Armpit, ak
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"After OPEC+ yesterday agreed to cut production by 2 million bpd, oil prices rose but in a much more limited way than many would’ve predicted as it remained to be seen how much of the cut would be physical and what the U.S. would do in response to the move.
“The market wasn’t thrilled since the actual cuts would be half what the headline number suggests,” Velandera Energy Partners CFO Manish Raj told Market Watch.
Goldman Sachs went further, estimating the actual production cuts at half a million barrels daily because of the gap between targets and output.
Indeed, OPEC+ has been undershooting its own production targets for months, with the August figure at over 3 million barrels daily. This led some analysts to suggest that the production cut agreed at this meeting would be more of an attempt to move targets closer to actual production than anything else.
Until it becomes clear whether OPEC+ will be cutting actual production or moving targets, the price rally forecast ahead of the meeting in Vienna on Wednesday will probably wait.
Regarding the reaction of the United States, there has been a signal from President Biden that the likely response would be to release yet more crude from the strategic petroleum reserve. The Biden administration needs low fuel prices and it needs them now and over the next month until the midterm elections.
Despite the lack of details about the implementation of the production cut, Goldman raised its oil price target to $110 per barrel of Brent for the final quarter of the year. JP Morgan also suggested Brent could rebound to $100 in the current quarter, following OPEC+’s move to cut.
Meanwhile, headwinds remain, the strongest among them being the fear of a global economic slowdown, with recessions expected for some of the world’s biggest economies such as Germany. These headwinds are likely to put a cap on any price rises unless supply shrinks significantly."
Who is John Galt?
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Re: Gas Prices
[Re: charles]
#7686724
10/06/22 07:36 PM
10/06/22 07:36 PM
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Joined: Nov 2007
Posts: 9,834 St. Cloud, MN
trapperkeck
trapper
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trapper
Joined: Nov 2007
Posts: 9,834
St. Cloud, MN
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You say that like it's a good thing.? It was $3.16 here two weeks ago. $3.46 today. I drive about 200 miles a day for work and fill my truck every day. Makes it a much easier decision in the voting booth. FJB! On a bright note, I bought 500 shares of XOM a couple years ago @ $46/share.
"The voice of reason!"
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