This is seriously getting ridiculous and out of hand.
Price gouging at its finest..
4.89 per gallon here in my neighborhood.
It literally jumped 40 cents from this morning.
Keeps getting any higher and there’s gonna be some serious problems with affordability… especially with the folks who have long commutes to work.
Costs of living were already difficult, not to mention being taxed to death.

No one is seriously interested in going after oil companies for price gouging.. they sure do offer lip service though.

This is seriously getting ridiculous and out of hand.
Price gouging at its finest..
4.89 per gallon here in my neighborhood.
It literally jumped 40 cents from this morning.
Keeps getting any higher and there’s gonna be some serious problems with affordability… especially with the folks who have long commutes to work.
Costs of living were already difficult, not to mention being taxed to death.

No one is seriously interested in going after oil companies for price gouging.. they sure do offer lip service though.

Always perplexed why people freak out when a gasoline fill-up costs $25 more than the average you've been paying, then don't think anything about walking in a paying another $10 for a bottle of water and 2 roller dogs

It has nothing to do with oil companies gouging. It’s called a war!

We haven't been officially at war with any country since Korea.

Interesting.

House Speaker Mike Johnson says we're not at war with Iran.

Interesting, isn't it.

58,000+ dead from the Vietnam . . . . . Intervention? 153,000 wounded.

Sure seemed like a war at the time . . ..

$3.99 here this morning. About as high as I ever remember seeing it.

You must not have been alive during the last administration then?

Just when fur prices seem to be improving the gol dang gas prices will make it tough to run a long line unless something happens between now and next fall.
Dang Persians….why did they have to attack us?

My bobcat lines this last season were about 225 miles or roughly 15 gallons. One has to be very optimistic that 1. You’re a productive trapper. And 2. That prices hold…recent history has shown that is a stretch.

My bobcat lines this last season were about 225 miles or roughly 15 gallons. One has to be very optimistic that 1. You’re a productive trapper. And 2. That prices hold…recent history has shown that is a stretch.

2022 gas hit a national average of over 5 bucks a gallon. People have short memories......I took the bike to run errands today. 45 mpg isn't too bad.

Would it help to finish the Keystone pipeline out of Canada? Trump was working on it before Biden come along and stopped it.

People didn't like it then, and they don't like it now. Makes sense to me.

you folks are lucky, the village down the road from us is paying 10.25 per gallon for gas. The village across the bay from them is out of fuel until the barge comes in next month after the ocean ice goes away.

While I don't drive enough for the price at the pump to significantly affect me, I believe we are just now beginning to see the overall effect. Every single thing we buy relies on crude. First it is flew or railed, sailed or trucked somewhere, all of which requires fuel, then it is further transported to retail locations. Not to mention all the businesses requiring fuel just to produce those items before transport... whether it's produced by a multinational corporation, or a farmer on a tractor. Even if the war ended today, the ramifications of these higher prices will last for a while, I am afraid.

We can't get our logs transported as the loggers are standing still until fuel comes down or prices goes up for logs.

Always perplexed why people freak out when a gasoline fill-up costs $25 more than the average you've been paying, then don't think anything about walking in a paying another $10 for a bottle of water and 2 roller dogs

I flew into Anchorage yesterday.

Unleaded is about 5.49 and diesel is 6.29

Even if peace breaks out in the Middle East, it will be months before the oil market returns to anything resembling normal—and much of the industry may never be the same. The lag in restoring operations after the largest supply disruption in history will keep oil prices elevated for months, and will likely add a smaller premium for well over a year, experts say. On Wednesday, oil prices were falling on news that the U.S. and Iran were close to agreeing to the framework of a peace deal. Brent crude futures , the international benchmark, settled down 7.8% to $101.27. The State Street Energy Select Sector SPDR exchange-traded fund fell 4.1%, with Exxon Mobil dropping 4%.

But investors shouldn’t expect oil prices to drop much more in the near-term, analysts said. Gasoline too, could stay elevated. Average prices hit a multiyear high on Wednesday of $4.54 per gallon.

In recent days, analysts have been hiking their oil price estimates for the rest of 2026 to over $100 per barrel. Raymond James analyst John Freeman sees Brent prices at $110 in the third quarter and $100 in the fourth, he wrote in a note on Monday. Elevated prices could last into 2027. His average Brent price estimate is at $90 in the second quarter of next year.

“Predicting prices in the hyper-volatile world of war, jawboning, and social media posts is nearly impossible, but we’re confident in this: Physical market impacts are extreme, and the consequences for the oil market will be very long-lasting regardless of how soon the conflict may end,” he wrote. The news about a possible deal between the U.S. and Iran doesn’t change his price expectations, Freeman wrote in an email on Wednesday.

Noah Barrett, lead energy and utilities analyst at Janus Henderson, said in an interview that he considers Wednesday’s drop in oil stocks to be a buying opportunity. “I would be a buyer on the weakness today or continued weakness,” he said. Barrett said he’d focus on companies without much exposure to the Middle East, who drill in places like the U.S., Canada, and Latin America.

If the war does in fact wind down, the oil industry will still be stuck in deficit for a while. About 20% of the world’s oil normally flows through the Strait of Hormuz, but the Iranian and U.S. blockades have stopped almost all of it from flowing. About 5 million barrels of oil from Saudi Arabia and the U.A.E. have been rerouted to other pipelines away from the Strait, but that’s only a partial release valve.

Middle Eastern countries have shut in more than 11 million barrels of daily oil production. Those operations don’t simply turn back on immediately. In March, Shaikh Nawaf Al-Sabah, the CEO of Kuwait Petroleum Corporation, told a Houston energy conference that some production would likely take months to restore.

Even in an optimistic scenario, “meaningful” amounts of oil won’t move through the Strait until June, with volumes climbing back to 80% to 90% of normal by July, wrote Paola Rodriguez-Masiu, Rystad Energy’s chief oil analyst. “The physical market does not run on political timelines,” she says.

The cumulative size of the oil market’s deficit has ballooned. About 1 billion barrels of oil that would normally have been produced and sent to customers between the start of the war and today never made it to their end destination. To make up for the shortfall, countries are on pace to empty their oil storage tanks at a rate of about 5.5 million barrels a day this quarter—the most ever, according to S&P Global Energy. Once production is restored, they’ll need to replenish those stockpiles, boosting demand and elevating prices even more.

What’s more, the war has done long-lasting damage to infrastructure, and some facilities could take years to come back—if they come back at all.

Oil equipment company NOV said on its earnings call last week that between 500,000 and 2.5 million barrels of oil production may be permanently lost because of the war. Shutting in wells in a hurry can damage them, or make the restart process too difficult. Barrett said he’s not sure that the wells have actually sustained that much damage, but it’s one of many unknowns that could impede the oil market’s comeback.

“There’s some optimism today that we’re closer to the war ending,” he said. “I don’t think you can snap your fingers and magically things go back to normal.”

LOL Typical , just wait it out!
Always darkest before the dawn!