How’s your fuel prices

Seeing gas prices skyrocket due to a war in the Middle East is the wrong nostalgia I am looking for from my childhood.

3.79 for premium. That’s over a dollar increase in about 2 weeks.
 
$4 basically here. The wholesale clubs are about $3.50. Trump has been saying this war is almost over with( for at least a week or 2 now) but is it really almost over? He’s got another 2-3 weeks for me and then my patience is going the be pretty thin. I understand everything for the most part and paying another $1-$1.50 more per gallon short term isn’t a big deal, If the long term gain is there. He is starting to become a politician and promises aren’t starting to mean much, even though I would imagine this was a last resort seeing what he has done 1st term and ran on. I’m not trying to stir anything but I’m probably not the only one thinking this way. I think gas will continue to go up and traditionally when summer comes along it goes up naturally anyway. Time will tell but I really hope this is going to be over in the next weeks or so. Then the strait opens and then it starts to slowly come down and level out again.
 
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FLHunter87 said:
$4 basically here. The wholesale clubs are about $3.50. Trump has been saying this war is almost over with( for at least a week or 2 now) but is it really almost over? He’s got another 2-3 weeks for me and then my patience is going the be pretty thin. I understand everything for the most part and paying another $1-$1.50 more per gallon short term isn’t a big deal, If the long term gain is there. He is starting to become a politician and promises aren’t starting to mean much, even though I would imagine this was a last resort seeing what he has done 1st term and ran on. I’m not trying to stir anything but I’m probably not the only one thinking this way. I think gas will continue to go up and traditionally when summer comes along it goes up naturally anyway. Time will tell but I really hope this is going to be over in the next weeks or so. Then the strait opens and then it starts to slowly come down and level out again.
Click to expand...
I hear ya, and I'm not trying to play devils advocate here but, he did say something to the effect of it possibly lasting several weeks. As of today, it's been going on now for 2 1/2 weeks.
 
Just paid $5.29 a gallon for Diesel in Utah and Northern Az. Loving the 3.0 duramax that averaged 24 mpg round trip from Phoenix to Brian head Utah. Average speed had to be 75-85mph.
 
FLHunter87 said:
$4 basically here. The wholesale clubs are about $3.50. Trump has been saying this war is almost over with( for at least a week or 2 now) but is it really almost over? He’s got another 2-3 weeks for me and then my patience is going the be pretty thin. I understand everything for the most part and paying another $1-$1.50 more per gallon short term isn’t a big deal, If the long term gain is there. He is starting to become a politician and promises aren’t starting to mean much, even though I would imagine this was a last resort seeing what he has done 1st term and ran on. I’m not trying to stir anything but I’m probably not the only one thinking this way. I think gas will continue to go up and traditionally when summer comes along it goes up naturally anyway. Time will tell but I really hope this is going to be over in the next weeks or so. Then the strait opens and then it starts to slowly come down and level out again.
Click to expand...
Short of completely blowing Iran off the map or parking half of our Naval fleet in Hormuz for the next decade, Trump won’t be able to stop anything. Israel hit South Pars today, driving oil up near $110 late this afternoon. Iran has said they are not backing down and they have resources to fight for the next decade. Trump doesn’t get to just say “OK we accomplished our goal. It’s over and we’re going home now. Everyone back to the way things were a month ago” Iran is going to be retaliating on energy fields and tankers in Hormuz for years. That’s just IMO, but hard to think otherwise.

Crack spreads are very high right now. That suggests there is massive demand for not just oil, but gas and diesel. Look at what Australians and Canadians have mentioned they’re already paying. US refineries are in the money business, they’ll sell to whatever country writes the biggest checks. How long does it take to bring those inventories back up? How long does it take US wells to be brought back into service after nothing has been fixed/fracked for the last year because of low prices?
 
william schmaltz said:
Short of completely blowing Iran off the map or parking half of our Naval fleet in Hormuz for the next decade, Trump won’t be able to stop anything. Israel hit South Pars today, driving oil up near $110 late this afternoon. Iran has said they are not backing down and they have resources to fight for the next decade. Trump doesn’t get to just say “OK we accomplished our goal. It’s over and we’re going home now. Everyone back to the way things were a month ago” Iran is going to be retaliating on energy fields and tankers in Hormuz for years. That’s just IMO, but hard to think otherwise.

Crack spreads are very high right now. That suggests there is massive demand for not just oil, but gas and diesel. Look at what Australians and Canadians have mentioned they’re already paying. US refineries are in the money business, they’ll sell to whatever country writes the biggest checks. How long does it take to bring those inventories back up? How long does it take US wells to be brought back into service after nothing has been fixed/fracked for the last year because of low prices?
Click to expand...
You're assuming that people disagree with removing Iran from the map.

Iran and the Middle East in general have been fighting different wars for 100s if not 1000s of years, they will play the longest of long games.
Messing with the energy fields and tankers in Hormuz only means more of Iran being demolished.
Especially with Trump in the White House.
william schmaltz said:
Short of completely blowing Iran off the map or parking half of our Naval fleet in Hormuz for the next decade, Trump won’t be able to stop anything. Israel hit South Pars today, driving oil up near $110 late this afternoon. Iran has said they are not backing down and they have resources to fight for the next decade. Trump doesn’t get to just say “OK we accomplished our goal. It’s over and we’re going home now. Everyone back to the way things were a month ago” Iran is going to be retaliating on energy fields and tankers in Hormuz for years. That’s just IMO, but hard to think otherwise.

Crack spreads are very high right now. That suggests there is massive demand for not just oil, but gas and diesel. Look at what Australians and Canadians have mentioned they’re already paying. US refineries are in the money business, they’ll sell to whatever country writes the biggest checks. How long does it take to bring those inventories back up? How long does it take US wells to be brought back into service after nothing has been fixed/fracked for the last year because of low prices?
Click to expand...
If Iran doesn't back down, there won't be an Iran left. I have no doubt that they will play the long game and retaliate some time in future, but my money is on it being well after Trump is out.
 
I just don't understand the high prices. Its not like oil is in short supply. No matter what is going on in Iran when was the last time anyone pulled up to the pump and seen a sign saying "no gas"?
Just another excuse for the oil companies to jack up profits.
 
Aussie Dan said:
You're assuming that people disagree with removing Iran from the map.

Iran and the Middle East in general have been fighting different wars for 100s if not 1000s of years, they will play the longest of long games.
Messing with the energy fields and tankers in Hormuz only means more of Iran being demolished.
Especially with Trump in the White House.

If Iran doesn't back down, there won't be an Iran left. I have no doubt that they will play the long game and retaliate some time in future, but my money is on it being well after Trump is out.
Click to expand...
Two weeks ago we were liberating the people of Iran. Now we’re wiping 90 million innocent people off the map? They have been playing stupid games over there for decades, which is why I’ve always like the Trump that campaigned on staying the hell out of there. I have lost zero sleep worrying about a country without an air force dropping a bomb on me. Or a country that alledgedly has bombs so garbage that they bomb their own schools also having a 15,000mph intercontinental missile. This will carry on. Oil will remain high and so will fuel. Israel is in charge and they showed how much they respect Trump’s “demands” on who/when/where they can bomb time and again. Every attack they continue to make will be more energy sector damage retribution.

But this is a gas price thread and not politics (unfortunately gas is driven solely by politics). So Diesel is approaching $5 around my parts. Refineries are switching cloud this time of year so at least that will help diesel prices (the inverse will happen for gasoline as they start summer blends). I live in the heart of oil country and work in refining, so there is optimism around here. We will gladly pay a bit more for fuel for a boom here on American dirt. We’re all excited to see “drill baby, drill” finally happen. We’ve been waiting over a year to get just something we voted for and it may be the only campaign promise we see actually happen at this rate……
 
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