Oil news not good today
- Thread starter Bailey28
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Diesel shot up $0.60/gallon over the weekend here.
I predict the near term effects of the current middle eastern situation will be short lived. Things will go back to normal as soon as the US Navy and Air Force are done with their little project. A certain adversarial country currently has no surface ships left, no air force, no air defences to speak of and a big shortage of leaders.
The main loser will be China who will have to play full price for crude going forward.
The main loser will be China who will have to play full price for crude going forward.
The bad news is, the economy was tanking here already, only tax refunds were starting to bring it back... Now, "He's dead, Jim"...
SammyChevelleTypeS3
$50 site donor 2023
I got a non surprise earlier when they were speaking about China and their energy needs. Apparently many THINK China is all in on the Green New World some are praying for while China is in on it alright. They are making and selling all sorts of green energy equipment they not only do not believe in nor have any inclination to use any time soon. They want everyone else buying that stuff while they go on using all the other fuels. Good guys with great intentions I am sure. NO WAY would I step foot in China as a delegate from any country these days let alone Russia.
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Same here on heating oil 🛢
They go off replacement cost. They know they'll sell what's in their tanks for the new price.
Yeah they'll make a years' profit in two weeks, then have to sell at a loss when wholesale dips. It all evens out.
Gas will go up in addition to the higher crude prices in many states when the switch to the summer blend occurs. 
But everyone will blame it on something elseGas will go up in addition to the higher crude prices in many states when the switch to the summer blend occurs.
I saw $2.64 for regular on my way to work this morning, and most stations were up to $2.99 this afternoon. (I paid just $2.39 at QT a few weeks ago.)
Nothing like the old days when we were truly dependent.
Does this mean all those jugs of used motor oil in my garage are worth something now? 
Bunch of stupid rich CA granola heads... What's wrong with those guys? EVs are stupid.EV owners bragging how they are not affected by crude oil prices.
You tell'em! I heard your handle on that other site is "RollinCoal."
Strait of Hormuz (sp?) is closed so the entire region cannot ship to ROW. So everyone who normally buys from that region will now compete on bids to buy from outside that region. This is on top of the loss of refining capacity in the region.
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Or was it "RoastedRadials?"
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