Gasoline is naturally lower near the Gulf, State gas taxes of course exacerbate them. Just as you'd expect, the leftwing states have the highest prices as well as those farthest from the Gulf. North Carolina reduced its gasoline tax once the Republicans took over. It used to be I'd fill up in either Virginia or South Carolina en route to Myrtle Beach. Gas was always 10 cents higher in NC.
Stock Markets on Election Day, Nov 5, 2024
- Thread starter Winco
- Start date
Winco
Diamond Member
- Nov 1, 2019
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- Thread starter
- #382
OPEC News....... Sept 8, 2025
AI Overview
OPEC+ announced an increase in oil output for October 2025, raising it by 137,000 barrels per day, a move to regain market share despite expectations of an oil glut. This smaller increase is the beginning of a gradual unwinding of a previous 1.65 million bpd cut by eight member countries, which was scheduled to be phased out over a longer period. The group also reaffirmed its commitment to market stability and stated it can adjust future output based on evolving conditions.
Details of the October Increase
AI Overview
OPEC+ announced an increase in oil output for October 2025, raising it by 137,000 barrels per day, a move to regain market share despite expectations of an oil glut. This smaller increase is the beginning of a gradual unwinding of a previous 1.65 million bpd cut by eight member countries, which was scheduled to be phased out over a longer period. The group also reaffirmed its commitment to market stability and stated it can adjust future output based on evolving conditions.
Details of the October Increase
- Volume:
The group will add 137,000 barrels per day of oil supply starting in October 2025.
- Significance:
This marks the first step in returning a portion of the previously held-back 1.65 million bpd production to the market ahead of schedule.
- Context:
The decision comes amid forecasts of potential oversupply in the global oil market, with the International Energy Agency predicting a substantial surplus.
- Market Share Focus:
The move signals a strategic shift by OPEC+, particularly Saudi Arabia, to prioritize market share over tighter supply and higher prices.
- Flexibility:
The group has retained the ability to accelerate, pause, or reverse production hikes at future meetings, allowing for adjustments based on market conditions.
- Price Movement:
.
Oil prices rose following the announcement, reflecting a degree of confidence in the market and the group's ability to manage conditions.
- Market Dynamics:
.
While the output increase is modest, the underlying strategy to gain market share is considered a significant message from the producers.
Winco
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More OPEC News......
OPEC+ has agreed to further raise oil production from October as its leader Saudi Arabia pushes to regain market share, while slowing the pace of increases compared with previous months due to an anticipated weakening of global demand.
OPEC+ has been increasing production since April after years of cuts to support the oil market, but the Sunday decision to further boost output came as a surprise amid a likely looming oil glut in the northern hemisphere winter months.
Eight members of OPEC+ agreed on Sunday in an online meeting to raise production from October by 137,000 barrels per day, it said in a statement, much lower than the monthly increases of about 555,000 bpd for September and August and 411,000 bpd in July and June.
The Sunday deal also means OPEC+ has begun to unwind a second tranche of cuts of about 1.65 million bpd by eight members more than a year ahead of schedule. The group has already fully unwound the first tranche of 2.5 million bpd since April, equivalent to about 2.4 percent of global demand.
“The barrels may be small, but the message is big,” said Jorge Leon, analyst at Rystad and a former OPEC official. “The increase is less about volumes and more about signalling — OPEC+ is prioritizing market share even if it risks softer prices.”
Earlier this year, U.S. President Donald Trump put pressure on the group to boost output as he sought to fulfil his election promise to bring down domestic gasoline prices.
Winco
Diamond Member
- Nov 1, 2019
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- #384
Where is Mashmont ?
Telling me I don't report 'Just the Facts'.
Making Money....... and YOU?
WE Still haven't seen 46,000. It's obviously coming, but don't tout that 4.4% gain in 8 months as a major achievement.
We all can research that the DOW started at 44,025 when trump took office......Thanks to biden increasing it from.......
AI Overview
When Joe Biden took office on January 20, 2021, the Dow Jones Industrial Average closed at 31,188.38
when he took office.
Math says that is a DOW gain of 12,837 over 4 years, representing a gain of 41%.
Or 10%+ per year. Not Great, but not terrible. But Successful.
Yet you Mashmont will claim that trump brought the market back from the depths, when in reality, trump caused that massive decline.
So, when you Mashmont want to recognize that the DOW has increased by ONLY 4.4% in trumps first 8 months, can you say that 4.4% in 8 months is a major success?
Can You.
I'm just happy the DOW is UP.
I'm excited for that event of reaching DOW 46,000, then 50,000.
Let's go.
Telling me I don't report 'Just the Facts'.
Making Money....... and YOU?
WE Still haven't seen 46,000. It's obviously coming, but don't tout that 4.4% gain in 8 months as a major achievement.
We all can research that the DOW started at 44,025 when trump took office......Thanks to biden increasing it from.......
AI Overview
When Joe Biden took office on January 20, 2021, the Dow Jones Industrial Average closed at 31,188.38
when he took office.
Math says that is a DOW gain of 12,837 over 4 years, representing a gain of 41%.
Or 10%+ per year. Not Great, but not terrible. But Successful.
Yet you Mashmont will claim that trump brought the market back from the depths, when in reality, trump caused that massive decline.
So, when you Mashmont want to recognize that the DOW has increased by ONLY 4.4% in trumps first 8 months, can you say that 4.4% in 8 months is a major success?
Can You.
I'm just happy the DOW is UP.
I'm excited for that event of reaching DOW 46,000, then 50,000.
Let's go.
But the point is, you guys said we'd be in a major recession by now. Instead, Trump has broken the all-time record. As for 2020, Trump didn't cause any massive decline. It was the leftwing governors of CA and NY who shut down their large states for a prolonged period that caused it. Alzheimer's patient puppet Biden doesn't get credit for the inevitable rebound.
Since Trump was right about everything concerning COVID and the left was wrong, what is it you think he should have done differently? Should he have fought the leftwing-sponsored CARES Act? Tried to force Newsom and Cuomo to keep their states open? Should he have not worked to get a vaccine before the end of 2020? Think about this. There was NOTHING Fauci or the leftwing were right about concerning COVID.
Recall this:
1) Trump shut down travel to and from China BEFORE the left demanded travel restrictions. In response, they called him 'racist'.
2) Trump said in March 2020 the economy wasn't built to be shut down. He called for no more than a six-week shut down.
3) When Trump said he would have a vaccine before the end of 2020, the leftwing media ridiculed him.
4) Trump correctly stated the origin of COVID in a Chinese laboratory. The media ridiculed him and called him racist.
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Winco
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1). Trump shut down travel to and from China is a lie. He did NOT shut down travel. Being near Seattle, I know many Boeing Employees that came home from China. That is NOT a shutdown. Make ALL the excuses or claim exemptions.....but Trump shut down travel to and from China, means no one travels back home from China, and many people did in fact travel home from China.
Per AI:
Yes, President Donald Trump restricted travel from China in 2020, but it was not a complete shutdown. The restrictions, which barred entry for most non-U.S. citizens who had been in China, went into effect on February 2, 2020.
Details of the restriction:
- Effective date: The proclamation was signed on January 31, 2020, and took effect on February 2, 2020.
- Scope: It barred entry to the U.S. for most foreign nationals who had been in mainland China within the past 14 days.
- Exemptions: U.S. citizens and permanent residents, along with their immediate family members, were exempt from the ban.
- Quarantine measures: Americans returning from China were funneled through specific airports for enhanced health screenings. Those who had been in the Hubei province were required to undergo a mandatory 14-day quarantine.
Winco
Diamond Member
- Nov 1, 2019
- 29,200
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- Thread starter
- #391
National Debt Tracker: American taxpayers (you) are now on the hook for $38,743,577,500,254.48 as of 2/20/26
The United States' national debt is on track to double over the next three decades amid a rush of spending by the White House and Congress.
www.foxbusiness.com
From FOX.
National Debt Tracker: American taxpayers (you) are now on the hook for $37,506,453,566,221.20 as of 9/30/25
Track the rapid rise in the US national debt and see how much taxpayers (you) owe.
Just a "Slight increase" of 1.18 Trillion, in 8.25 months.
On pace for a ONE YEAR increase of $1.7 Trillion.
I thought the tariffs would pay down the debt?
I guess trump was LYING.
Go Figure.
San Souci
Diamond Member
- Feb 4, 2020
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If the shoe fits ,Argyle
leftwinger
Diamond Member
Go back 90 days. Markets are forward looking. Everyone knew Trump would win in a landslide if no cheating allowed oh look. No more vote spikes. (SPIKES only in shutdown states in 2020? Huh?)
Last edited:
- Jan 19, 2010
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Thanks to Senile Joe's autopen...National Debt Tracker: American taxpayers (you) are now on the hook for $38,743,577,500,254.48 as of 2/20/26
The United States' national debt is on track to double over the next three decades amid a rush of spending by the White House and Congress.
From FOX.
National Debt Tracker: American taxpayers (you) are now on the hook for $37,506,453,566,221.20 as of 9/30/25
Track the rapid rise in the US national debt and see how much taxpayers (you) owe.
View attachment 1168236
View attachment 1168237
Just a "Slight increase" of 1.18 Trillion, in 8.25 months.
On pace for a ONE YEAR increase of $1.7 Trillion.
I thought the tariffs would pay down the debt?
I guess trump was LYING.
Go Figure.
leftwinger
Diamond Member
Not working hard. 90 days to six monthes BEFORE election 2024 began the Trump increase. Everyone knew real hope&change was coming if cheating slowed down. Less $2T green new steal. I'm out//
leftwinger
Diamond Member
A child could copy numbers from data. I doubt you got it wrong? We could double check you in an instant. But I won't do it now.
Your hand scribbled notes have no years by the dates. Get off me.
Concerned American
Diamond Member
And the dems are shutting down the country because Trump and the repubs won't approve another $1.5T in debt for illegal alien medicaid and ACA subsidies. LOL. Transparent as a freshly washed window. And before I am accused of being off topic---look at the OPs post #391.
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