Anyone else notice a .30 cent spike in gas prices? Here's why.

[Man With A Plan]

Also true, but does not change the effect of the cheap bucks. Big Free Money = inflation, plain, simple and immutable as time. Don't forget the millions ripped off by companies that laid off and took the money, the people that blew the money and still didn't pay rent or mortgage as prevented from kicking people out. Car sale went like gasoline prices, and have not settle back yet, due to rachet effect. Now you have major car models with more than a year supply, as people unwilling to pay the huge increases for shittier product. You gotta love big business. They are predictable too.

All that but you still can't admit that it was Biden's economic policies that created EXACTLY what Larry Summers warned him it would...

 

[The Duke]

All that but you still can't admit that it was Biden's economic policies that created EXACTLY what Larry Summers warned him it would...

As if Biden was ever in charge of anything.

 

[White 6]

All that but you still can't admit that it was Biden's economic policies that created EXACTLY what Larry Summers warned him it would...

The ball was in motion, the money in the flow. Too late.
If you think this next administration is going to do better on inflation, wait until the Tarriffs go into effect.

 

[Man With A Plan]

The ball was in motion, the money in the flow. Too late.
If you think this next administration is going to do better on inflation, wait until the Tarriffs go into effect.

The money was approved to get the public by until they could resume their jobs. That took place under Biden. That money should have stopped going out at that point. Anyone with an Economic background would know that. Guess what Trump's major was at Wharton?

 

[Man With A Plan]

The ball was in motion, the money in the flow. Too late.
If you think this next administration is going to do better on inflation, wait until the Tarriffs go into effect.

As for tariffs? Trump uses them as leverage. He'll use them if he has to but doesn't want to. It's exactly what he did before and it worked.

 

[The Duke]

The ball was in motion, the money in the flow. Too late.
If you think this next administration is going to do better on inflation, wait until the Tarriffs go into effect.

The dust from that will take time to settle. I can't say anything, but it won't be as bad as all the hyperbole.

 

[White 6]

The money was approved to get the public by until they could resume their jobs. That took place under Biden. That money should have stopped going out at that point. Anyone with an Economic background would know that. Guess what Trump's major was at Wharton?

You don't get it. Whether needed or not, approved or not,
Free Money = Inflation
Good lord! Crack a book some time!

 

[The Duke]

You don't get it. Whether needed or not, approved or not,
Free Money = Inflation
Good lord! Crack a book some time!

Higher fuel prices=inflation.
You're supposed to be old, right? Like old enough to remember diesel was always a little over 1/2 the price of gas for about a century?
Bush fucked that up. I think it was W.
Right after people had bought tons of Ford 3/4 ton diesel trucks.
That fuckery could be rolled back, too.
Almost all goods in the country move around on diesel.

 

[Man With A Plan]

You don't get it. Whether needed or not, approved or not,
Free Money = Inflation
Good lord! Crack a book some time!

Free money that simply replaced the money that a Government shut down took away wouldn't create inflation...it would even out.

Free money combined with people going back to work + pent up demand + a supply chain issue = RAMPANT INFLATION! I got A's in Economics, White! So did Larry Summers. It was obvious Joe Biden flunked Macro.

 

[White 6]

Higher fuel prices=inflation.
You're supposed to be old, right? Like old enough to remember diesel was always a little over 1/2 the price of gas for about a century?
Bush fucked that up. I think it was W.
Right after people had bought tons of Ford 3/4 ton diesel trucks.
That fuckery could be rolled back, too.
Almost all goods in the country move around on diesel.

Sure do. Also, it goes with Supply Side economic. He who controls the supply, controls the price. With the cutbacks from the Midddle East, Saudi, OPEC, Etc, coupled with bans on Russia, the US simply cannot nor will ever be possible to make up for what they can hold back, making higher prices on what they do release under their government controlled petroleum industries, and making it at much lower internal costs. It is a world market, so world supply sets the price, no matter how much more you drill, baby drill. Being Number 1 producer cannot make up for purposely reduced supplies from other countries.

 

[The Duke]

Sure do. Also, it goes with Supply Side economic. He who controls the supply, controls the price. With the cutbacks from the Midddle East, Saudi, OPEC, Etc, coupled with bans on Russia, the US simply cannot nor will ever be possible to make up for what they can hold back, making higher prices on what they do release under their government controlled petroleum industries, and making it at much lower internal costs. It is a world market, so world supply sets the price, no matter how much more you drill, baby drill. Being Number 1 producer cannot make up for purposely reduced supplies from other countries.

Drill baby drill can capitalize on that.

 

[Woodznutz]

Pimp ride?

More like a ghetto cruiser.

 

[White 6]

Drill baby drill can capitalize on that.

Won't change it, but the oil companies will get rich trying. Oh, Yes. I guess they are already making staggeringly higher profits on it, already. Do you think Exxon wishes the curtailing countries would release onto the world market, to lower prices, so American companies would have to compete for sales? I doubt it. They have investors that are in it, for the profits. Know anybody divesting their oils stocks? I don't either.

 

[The Duke]

Won't change it, but the oil companies will get rich trying. Oh, Yes. I guess they are already making staggeringly higher profits on it, already. Do you think Exxon wishes the curtailing countries would release onto the world market, to lower prices, so American companies would have to compete for sales? I doubt it. They have investors that are in it, for the profits. Know anybody divesting their oils stocks? I don't either.

I bet it will.

 

[White 6]

I bet it will.

Well, I hope you are correct. I just can't see it, looking at the numbers. Hughes says there is a reduction in rig count going on, as producers shift strategic emphasis from expansion to debt reduction and shareholder returns. But actually still predicting 2025 increase above the all time highs of last year. I just watch the industry and the numbers.

 

[Admiral Rockwell Tory]

The ball was in motion, the money in the flow. Too late.
If you think this next administration is going to do better on inflation, wait until the Tarriffs go into effect.

How will tariffs cost you on anything more that you buy that is produced here in the United States? Please explain to us know-nothings with no real education compared to your GED.

 

[Admiral Rockwell Tory]

Sure do. Also, it goes with Supply Side economic. He who controls the supply, controls the price. With the cutbacks from the Midddle East, Saudi, OPEC, Etc, coupled with bans on Russia, the US simply cannot nor will ever be possible to make up for what they can hold back, making higher prices on what they do release under their government controlled petroleum industries, and making it at much lower internal costs. It is a world market, so world supply sets the price, no matter how much more you drill, baby drill. Being Number 1 producer cannot make up for purposely reduced supplies from other countries.

Yeah, right!

 

[White 6]

How will tariffs cost you on anything more that you buy that is produced here in the United States? Please explain to us know-nothings with no real education compared to your GED.

If US companies do not have to compete with foreign competition, and attempt to keep prices down to maintain marketshare, what is there business impetus to do so? Prices will rise as prices on foreign goods rise. Otherwise, would be like leaving money on the table, and they are in business to generate profit dollars and return on investment.

 

[Admiral Rockwell Tory]

If US companies do not have to compete with foreign competition, and attempt to keep prices down to maintain marketshare, what is there business impetus to do so? Prices will rise as prices on foreign goods rise. Otherwise, would be like leaving money on the table, and they are in business to generate profit dollars and return on investment.

The tariffed products will be less expensive as they raise prices. That is why they cannot do it without cutting their own throats. Trump can take tariffs off just as quick as he puts them on. It is the company's best interest to keep their market share or lose it all if they screw themselves. Oh, I forgot you got your economics education from the back of your Count Chocula box!

 

[Winston]

Damn, you are special kind of stupid.....The article was written on the 12th....It did not take long for gas prices to rise as a result.....I doubt if it was mere coincidence.

Again, you have yet to demonstrate a spike in prices. You will have to wait about another week to get the information of the EIA. Personally, I am not seeing it here in Western North Carolina.

https://home.treasury.gov/news/press-releases/jy2777

There you go, from the Treasury department.

Today’s actions are underpinned by the issuance of a new determination that authorizes sanctions pursuant to Executive Order (E.O.) 14024 against persons operating or having operated in the energy sector of the Russian Federation economy. These actions substantially increase the sanctions risks associated with the Russian oil trade.

It is comical, the absolute inconsistency of the positions of the Trump mob. Here, you are bitching about sanctions, most of them have been in place for quite sometime, Biden just added some teeth, and more importantly, protections against Trump overturning them. Those sanctions deal with oil imports, I thought we were "energy independent". We haven't imported oil from Russia since the beginning of the War in Ukraine.

And I understand, oil is a global commodity.

Crude Oil - Price - Chart - Historical Data - News

Crude Oil decreased 11.86 USD/BBL or 16.53% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on April of 2025.

tradingeconomics.com

Check out the ten year chart. When Trump took office the price was $44.79 a barrel. In a year and a half it climbed to $74.41. What the hell happened to drill baby drill? Then the market utterly collapsed. After that, Covid happened.

When Biden took office the price was $54.66. That is a climb from the low of $17.63. Note, Trump presided over an increase from $44.79 to $74.41 and from $17.63 to $54.66, not very impressive. And note, Trump never, ever, went to OPEC and asked them to increase production. In fact, he did precisely the opposite.

Going forward I see the same thing happening, it is De Ja Vue all over again. Crude prices will spike the first year or so of Trump's second administration, then collapse as the economy goes into a recession driven by Trump's insane trade policies. Same for the stock market, straddles, short term calls, long term puts, make bank. No charge for the advice.