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Bladerunner you can’t keep beating around the Bush pal. Tell us how you really feel.Comment -
54 that’s itComment -
I don't drive around as much anymore since i have worked from home the last 10 years. What i do is fill up at the 1/4 mark and half a tank. So i usually only put in 10 to 20 dollars and stay full all the time. My wife is in real estate it used to be 45 now she is paying 65 to fill up her suv.Comment -
Sharps like me are currently getting around in a Hot Air Balloon... waaay cheaper. Get with the program, blader, ffs.Comment -
Lmao!! Yes, trump kept the gas prices low. How do people exist in the world and think like this? This is why we are the dumbest country on earth.Comment -
Vit...I know you hate Trump and all that and hey you can hate him all you want but cmon bro....this shit is getting ridiculous now. People are paying double what they used to pay before. You can't spin that any other way. Biden has been asking OPEC to increase output and they are telling him to go fuk himself because they see a weak leader. The whole fukin world sees a weak leader in the white house now.Comment -
Where I live gas has only gone up since this idiot took office. It will be $10 a gallon before this fool gets voted out in 2024.Comment -
It’s demand. Very simple. Prices dropped when nobody was driving during the pandemic and there were massive layoffs in the oil industry. They are in catch up mode. Production is lagging and demand is high.
This isn’t hard to figure out if you have a 3rd grade education which most of you trumptards don’t.Comment -
Oil futures declined on Friday, with U.S. prices ending a streak of nine consecutive weekly gains — the longest on record — as rising domestic crude inventories, the potential for revived Iran nuclear talks, and a retreat by natural-gas futures dragged crude prices further away from multiyear highs.
Current Time 1/
Duration 3:Unmute0“The oil market has experienced an imperfect storm,” Michael Lynch, president of Strategic Energy & Economic Research, told MarketWatch.
LCaptioFullscrNaturaand oil prices could retreat after difficult winter: Citi's Mo
The Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, “reduced inventories to relatively low levels at a time when economic growth and oil demand were robust,” he said. That, combined with the loss of oil production and refinery output in the U.S. due to Hurricane Ida, which reached the U.S. Gulf Coast in late August, tightened markets, he said.
However, “it seems likely that even without renewed outbreaks of COVID, supply will outpace demand early in the New Year,” said Lynch.
For now, traders awaited the latest decision on oil production by OPEC+ at its meeting on Thursday. At its meeting in early October, the group decided to keep its current plan in place to gradually raise output each month by 400,000 barrels a
“I don’t think OPEC+ will change their plans at the next meeting, which will be bullish in the short term,” Lynch said.
On Friday, West Texas Intermediate crude for December delivery rose 76 cents, or 0.9%, to $83.57 a barrel on the New York Mercantile Exchange. The U.S. benchmark suffered a 0.2% weekly fall, ending a nine-week streak of gains, the longest ever for front-month contracts, based on records data back to April 1983, according to Dow Jones Market Data.
For the month, WTI crude was up more than 11% after settling earlier this week at a more than seven-year high.
December Brent crude the global benchmark, tacked on 6 cents, or nearly 0.1%, at $84.38 a barrel on ICE Futures Europe. The front-month contract, which expired at the end of the session, fell 1.3% for the week, but climbed 7.5% for the month. January Brent the most actively traded contract, rose 6 cents, or almost 0.1%, to $83.72 a barrel.
“The sharp rise in U.S. crude oil stocks and the expectation of nuclear talks being resumed with Iran have temporarily eased concerns about supply to some extent, leading to profit-taking,” said Carsten Fritsch, commodity analyst at Commerzbank, in a note. “This does nothing to change the tight market situation, however.”
The Energy Information Administration on Wednesday reported that U.S. crude inventories rose 4.3 million barrels last week.
Also Wednesday, Iran indicated that it plans to resume talks on the Joint Comprehensive Plan of Action, known as the Iran nuclear deal, which could pave the way for the removal of U.S. sanctions that were reimposed by the Trump administration after it pulled Washington out of the agreement 2018
Futures for the petroleum products finished Friday on a mixed note, with the November contracts expiring at the end of the session. November gasoline added 1.1% to $2.462 a gallon, down 0.8% for the week, but up over 9% for the month. November heating oil fell 0.8% at $2.496 a gallon, ending 1.7% lower for the week, but notching a monthly climb of 6.6%.
The OPEC+ Joint Technical Committee met on Thursday, ahead of the OPEC+ ministers meeting next week. One delegate told S&P Global Platts that the technical meeting went smoothly, and that “no major changes in [the] demand and supply picture” came up.
Bloomberg reported that the committee delegates said the global oil-supply deficit will be 300,000 barrels a day on average in the fourth quarter — smaller than the 1.1 million barrel daily shortfall shown in figures initially presented to the panel.
In other Nymex trading, natural-gas futures turned lower for the week after falling sharply Friday and Thursday on news Russian President Vladimir Putin told Gazprom to ship more natural-gas westward to European customers.
It is weather that will determine the next move in natural gas “as a cold start to the winter draw season could see prices continue to grind higher on bullish supply concerns, while more moderate temperatures will see stockpiles continue to rebuild in the weeks ahead,” said Tyler Richey, co-editor at Sevens Report Research.
December natural gas lost 6.2% to $5.426 per million British thermal units, with front-month contractComment -
$54 is cheap try living in Southern, California. Double that here.
Green new deal Joe screwing us all at the pumps and with inflation. He has no idea what he is doing. Yes, we miss Trump.Comment -
I said this in another thread the other day but when the price of oil drops below around $50 a barrel us company's lose money they can not produce it for a profit at that price and the company's from the middle east can still make money as low as around $30-$35. Although Mr. Trump didn't want oil at the current $86 he was not happy when it was $40 or below and US company's could not stay in business and he said so on tv but added that he guessed it was good for people when they were buying gas. Many us oil company's folded(his friends was losing money) when opec was was producing all the oil they could to keep the price down in an effort to discourage investors from investing in the oil pipe lines as long as they were selling it cheaper than the US and Canada could produce it, it made the oil pipelines a bad investment, and kept North America depended on them.Comment -
Fock Joe Biden!!!
He caved to the far left the moment he took office and betrayed everyone that voted for him thinking he was gonna be a moderate that would unite the Country like he said he would. He lied.
Everything he touches turns to shiit. Worst absent President EVER!!Comment -
The 4 worst Presidents in history have all been in this century .
Biden
Trump
Obama
Bush #2
Damn shame we have not had a candidate in this century from either party that's worth a damn!!!Comment -
Stock market at all time highs.Comment -
The insurrection. 2020 summer riots and attacks on law enforcement, federal buildings, and statues of great Americans. No accountability.Comment -
Lol i curse Biden when I get gas to but i say more in the line of you old stumbling slobbering dementia victim
I always feel gas is a key to this country when it goes real high people don't travel don't spend.
Things start falling apart that's why I say Bush was the worse scamming mfer president we ever had
he wanted his oil buddies to thrive at our expenseComment -
The American people and voters ARE SO STUPID for voting in Joe Biden. I hope most voters learn from their mistake for the next election. They don't know how good they had it with Trump until he was gone.Comment -
Cars are the biggest money pits ever.
Do your own cost analysis.
Gas, maintenance, insurance, depreciation...
Long story short, owning an automobile is -evComment
