Gas prices dropping soon?

[LSchicago]

I hope that's the case, because I am reading that it could be over 100 bucks a barrel for months to come.

Even if it stays around $105 a barrel, that's still $25 cheaper than the high a couple weeks ago.

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[MIDLYFE]

There may or may not be a climate emergency but the war in Ukraine has nothing to do with it. I’ve read nothing to indicate that anyone is tying the two together.

OK, you really need to get your facts in order before posting. And by the way Saudi Arabia is not considered an enemy.

https://www.eia.gov/tools/faqs/faq.php?id=727&t=6

Not long ago I would have called you on this but not today. I’ve learned that modern nuclear plants are extremely safe and very efficient. But I’m afraid the past will prevent nuclear from ever becoming a option again.

I get that global politics can be complicated, but one question; was Saudi Arabia an enemy on 9/11? Saudi Arabia, home to 15 of the 19 September 11 hijackers, is ...https://www.cbsnews.com › news › saudi-arabia-shows-...

 

[Bikeman315]

I get that global politics can be complicated, but one question; was Saudi Arabia an enemy on 9/11? Saudi Arabia, home to 15 of the 19 September 11 hijackers, is ...https://www.cbsnews.com › news › saudi-arabia-shows-...

No, officially they were never considered an enemy of the United States.

 

[MIDLYFE]

No, officially they were never considered an enemy of the United States.

9/11 victims might beg to differ.

 

[Bikeman315]

9/11 victims might beg to differ.

I certainly do not disagree with you but that wasn’t the question.

 

[key01]

9/11 victims might beg to differ.

And then we have the home grown terrorists that shoot up children, concert events, nightclubs, business, etc killing and maiming. So, is America it’s’ own enemy?

 

[key01]

$1,000,000 in free gas in Chicago coming after $200,000 in free gas last week.

 

[LSchicago]

I get that global politics can be complicated, but one question; was Saudi Arabia an enemy on 9/11? Saudi Arabia, home to 15 of the 19 September 11 hijackers, is ...https://www.cbsnews.com › news › saudi-arabia-shows-...

Why even bring politics into this post?

 

[MIDLYFE]

Seems that way. On top of that we have boys killing other boys (along with other innocent bystanders) at an alarming rate. If you wander into the wrong part of Chicago during a typical weekend you'd probably feel like you were in a war zone. And that's just one city.

Why even bring politics into this post?

You're right, fuel prices have nothing to do with politics. My bad.

 

[LSchicago]

Seems that way. On top of that we have boys killing other boys (along with other innocent bystanders) at an alarming rate. If you wander into the wrong part of Chicago during a typical weekend you'd probably feel like you were in a war zone. And that's just one city.

You're right, fuel prices have nothing to do with politics. My bad.

They don't. It's a worldwide commodity. All countries see the price increase and drops, not just us.

 

[MIDLYFE]

They don't. It's a worldwide commodity. All countries see the price increase and drops, not just us.

okay

 

[sk47]

Hello; When a countries leaders do things that devalue the currency that has a direct effect on the cost of all commodities including oil. I forget which oil rich South American country had such bad fiscal and social policies that they damaged their own economy to the point citizens could not afford toilet paper some years ago.
They had plenty of oil to sell but when there was a dip in the price of crude all the expensive programs they had in place were too much to carry.

Some of our gasoline price is due to inflation. That inflation is a result of monetary policy. The years of near zero interest rates and printing money had an inflationary effect. The last two years that effect is on steroids.

 

[MIDLYFE]

Hello; When a countries leaders do things that devalue the currency that has a direct effect on the cost of all commodities including oil. I forget which oil rich South American country had such bad fiscal and social policies that they damaged their own economy to the point citizens could not afford toilet paper some years ago.
They had plenty of oil to sell but when there was a dip in the price of crude all the expensive programs they had in place were too much to carry.

Some of our gasoline price is due to inflation. That inflation is a result of monetary policy. The years of near zero interest rates and printing money had an inflationary effect. The last two years that effect is on steroids.

This is surely wrong as I’ve been told by reliable sources in our government that printing currency does not devalue it.

 

[Bikeman315]

Hello; When a countries leaders do things that devalue the currency that has a direct effect on the cost of all commodities including oil. I forget which oil rich South American country had such bad fiscal and social policies that they damaged their own economy to the point citizens could not afford toilet paper some years ago.
They had plenty of oil to sell but when there was a dip in the price of crude all the expensive programs they had in place were too much to carry.

Some of our gasoline price is due to inflation. That inflation is a result of monetary policy. The years of near zero interest rates and printing money had an inflationary effect. The last two years that effect is on steroids.

The country is/was Venezuela.

And by the way the Fed is not printing more money. That’s just an internet thing.

https://www.investopedia.com/are-we-in-for-a-hyperinflation-5093627

 

[MIDLYFE]

The country is/was Venezuela.

And by the way the Fed is not printing more money. That’s just an internet thing.

https://www.investopedia.com/are-we-in-for-a-hyperinflation-5093627

Do they create it digitally?

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