GASOLINE Futures Prices up 100% since the FRAUDULENT ELECTION, 47% Year to Date
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The inflationary tailwinds of FED monetary policy are lifting all commodity prices but GASOLINE FUTURES are going Parabolic on the back of Biden's shitty fossil fuels policies. It is not even the summer driving season and we have a huge rally in oil and by extension gasoline.
By this summer pump prices will probably be north of 5 dollars because of that dipshit.
Gas prices will be another reason the economy will fail under Biden and blow him and the Dems out of the water within his first year.
Don't forget the recent winter storm when most of the nation wasn't driving anywhere. Low demand and the price still goes up. Thanks one hell of a lot there Biden & Co. (TM)
They have us right where they want us. Masked, home, cannot afford to go anywhere, and afraid to go anywhere.
I was originally going to argue....but yeah you are correct. I am layed off because this scary nothing of a disease. I refuse to wear a mask...what a rebel I am in the scheme of things.
I refuse to be cowed. Texas' governor has lifted the mask order starting Wednesday. And we shall see how many of the mask preachers will be around. All the big cities are screaming fault and it's fun to watch.
My wife owns her business and as soon as th mask mandate is gone on Wednesday, she will no longer be requiring her workers to wear a mask and will gladly remove the "You must wear a mask" sign from her door.
She is worried people will not want to come in and I straight up told her that no one is stopping them from wearing a mask, and if they insist our workers wear one against their will, then they can take their business elsewhere.
We are so fucking done with this COVID bullshit and want to go back to normal as soon as possible.
She never had to put the sign up in the first place. You people just don’t get it.
Y’all from Texas? If so, good for y’all! We need business owners to stand up and say enough of this crap. Like you said, no one is stopping anyone from continuing to wear a mask if they so choose. I’m willing to bet your wife will start getting a lot more business and if I were you I’d start advertising and promoting as such. Let your locals know they’re free to come without a mask now. Good luck!
I'd come to her business in a heartbeat! And thank her in case I don't actually stumble upon it.! Enjoy your lives in Texas! God bless y'all!
I went to my local grocery store yesterday (Thursday) and lo and behold, at least half the people there were not wearing masks. It was quite an epiphany....
Same at Quiktrip. Mostly white males!
It's wonderful in TX starting Wednesday (actually starting sooner but let them have their stupid illusions).
But but but... they can go to insert tropical island here and feel good they defeated environmental concerns those driving, breathing plebs create!
Disorganized, disconnected and brought to heel
I refuse to be a victim. So can you.
Now if you were to listen to ABC fake news, prices went through the roof because the refineries shut down from the cold. Sure, they did, but the prices were already jacking up at insane rates before they shut down for whatever time it was, one day?
And now OPEC talking about cutting supply. Wonder why they're doing that now 🤣. They're not stupid.
Thats more because refineries and the like shut down in Texas. Probably have some pipeline issues as well.
still doesn't add up. supply goes down but so does demand. Am I missing anything?
Masssssiiiiivvvee money printing. The dollar is worlds reserve currency due to the fact that all oil is traded in dollars. More dollars plus less oil being pumped equals massive price inflation.
From the freeze two weeks ago
When the temperature gets low fuel travels slower along the pipelines and the texas oil refineries slowed production significantly.
OK. No argument here. But the supply/demand equation still does not have prices rising. Supply goes down... sure. But the demand goes down at the same time.
The money supply has been dramatically expanded. More dollars less oil equals higer price, even if demand is flat. Mises.org provides fantastic info on how classical economics works. Or The Creature From Jekell Island
No it doesn’t. If it’s crude the lines are heated. Refined product has zero effect. Used to get 8000 barrels per hour in Phoenix from California pipeline. 2500 per hour from TX because of smaller pipeline and greater distance.
They'll say he inherited it from Trump and the idiots will believe it.
It's an inheritance from Trump when it's going bad, it's an example of good leadership when it's going good, rinse and repeat as needed.
people who believe that will be wearing be double masking through summer
And getting anal swabbed.
economy based on prior president something something something
Crude isn't the only thing that's brown and sticky.
Kamala?
I was thinking more along the lines of
https://www.texasmonthly.com/the-stand-up-desk/and-the-bum-steer-of-the-year-is/
what Wendy Davis was stepping in.
WENDY SUKS
You are so so very correct!
Most of those morons will spin the blame on Trump to help make themselves feel better. They'll claim its because of his "isolationist" policies that we are just now feeling the affects on gas prices and the economy.
They won't care. Many of them don't follow politics or what's going on. In fact, I'd wager a bunch of them would vote for him again if it was between him and Trump.
When gas prices go to $5+ I can't wait for the media and Biden administration to put all the blame on shockwaves from "Trump's horrible policies". You know its going to happen.
Only an idiot would believe that though.
he's absolutely fucked they can only go so far left before the hammer swings back 100 times harder.
Acceleration is imminent
Not really, they got the elections and courts locked up. That means no matter how far they go, they aren't going to get their ass kicked to the curb by people voting them out or challenging the fraud/rigged elections in court.
During the beginning of the scamdemic Exxon stock fell hard, so I used some of my first stimulus to buy; I've never been so upset that one of my stocks has increased so much. Bitter-sweet
Yeah I invested in oil as well. It’s nice watching it go up but I’m gonna have to use the earning to pay for gas so it’s a wash
AND pay taxes on it.
Biden needs your money to help import Blue Voters carrying the China Virus get settled into Texas.
Funny I sold my oil to buy gme and my oul would have near doubled from my sell price.
Pump those numbers up that shit is rookie,
I'm up 35% on XOM and 27% on PSX. I invested back in August, figuring that we'd ever have a resurgence under Trump's second term when the economy re-opened, or oil would spike bigly when Biden sold us down the river.
Yeah. I feel bad that it's been printing reliably for me, but sadly since we're not in Trump's 2nd term yet, I understand it comes at a cost.
nice. Glad to hear from someone putting money in real companies and not bitcoin.
come on man bitcoin is a store of value thats gonna crash if the market ever crashes, because you know its a "hedge" lol
It's unfortunate for those who are gambling on fringe investments like crypto. The value system it's dependent on is fragile.
Crypto is worthless and just a speculation game but it hasn't gone to zero yet.
Buy Crypto in 2022 and thank me in 2025 LOL.
I have friends that made a ton money in it but won't even sell some to lock in gains. I got my start trading in the tech bubble and remember the same kind of bullshit back then, too. That shit is going to zero.
They are idiots. This is the time to lock in profits. Wtf are they waiting for?
fear and greed run the markets not rational thinking. Even if BTC got to 100,000 they'd still hold out for 200,000.
I've committed this same mistake myself plenty of times and lost tons money that's why I can't touch BTC.
Pelosi loves it.
I stuck to small cap oilers to get more dirt cheap share prices and sitting on a goldmine lol
Imagine being a Dem and claiming to love America while supporting a man who's only had a negative impact since day 1. Tells me all I need to know about the party.
Some of them will say it's all worth it to get rid of mean tweets and to let in every migrant that shows up at the border.
They are saying it. I read all the time "I'll gladly pay a little extra for gas if it means saving the world". These dumbfucks must not comprehend that we in the US are only 1 continent, and the others are polluting far more than we are.
God, I hate when they say that because these fucks NEVER donate to charity.
Nothing is stopping them from “paying more” to help others.
They think they’re good people because they siphon money off of everyone.
Someone I work with told me that China's pollution is actually OUR pollution because we're the ones importing so many products that are manufactured there.
When I asked "So how can China's government reduce its pollution..." their response was "Well the USA needs to stop buying products made in China..."
Trying to get a straight answer out of them about how China can reduce China's pollution was impossible.
Dems don't claim to love America any more. Many of them openly despise it.
It's 2024, gas $11 a gallon. Cops don't exist. Murder rate is 666% up. Gay rape is legalized. Abortion is now legal for people up to 150 years old and chosen by the Democrats. America is literally Zimbabwe
Biden wins the election with 128% of the vote!
Biden wins after a SCOTUS decision on election fraud, 30-2. Alito and Thomas in dissent.
32-0 those 2 get Scaliad by the commies
Oh, do they go visit secret homosexual orgy ranches also?
I cried while up voting this
And in 2024 I'll be jobless because I refused the Covid-20 and Covid-21 vaccines.
Oil prices crash when half the population dies form the covid-19 shot...our bad guys.
Gonna need a Judge Dredd by 2024.
Damn truth
This is the answer
if you ran those as a platform in blue states you can become governor
Dude you forgot we all get our monthly “stimulus”‘checks so maybe that’s something good...
One of my family members told me that pain was needed to force people to change and adopt electric vehicles and such. I told him I was very excited about higher gas prices because I'm in a tourist town and it will stop all the people who bring crime from the city because they wont be able to afford gas. Que NPC meltdown.
Normies: "The marketplace made it possible to afford all this cool stuff and to earn money through hard work!"
Businesses: "The marketplace made it possible for us to make a lot of money in exchange for goods and services"
Tyrants: "The marketplace is another tool we can use to control people's behavior for the greater moral good!"
Electric car prices and the electricity are gonna be way more expensive too. Your family member doesn’t understand economics. The fastest way to transition to clean energy is to have cheap oil-> good economy-> cheap to make shit-> people can afford the electric car. Half of people would probably get a tesla over a normal car if it were the same price and available
I'll never own an electric car. All electronics have to be run by computers, not good old fashioned machinery and steel.
I agree but the cars a re already like that now. A good balance is late 90’s early 2000’s so you get airbags
As long as you dont have drive by wire the computer can not take over. Cars with automatic parking have drive by wire although i dont think it canoverride the manual controls it gets creepy
Manual transmissions still give you final say over whether the wheels are receiving power or not, so you're fine if you get one of those. Problem is every company is dumping manuals now.
You sir know how to economy
Just wait until their electric bill goes out of sight when we need to build more substations and generation facilities for electric cars.
Wait until they find out they can't charge their car because it's really cold and the grids are overwhelmed with everyone's home heating draw...
..and wait until they find out "The Tesla Model S owners manual warns: “In cold weather, some of the stored energy in the Battery may not be available on your drive because the battery is too cold.”"
It won't just be fueling vehicles. Is he cool with paying extra for groceries and everything else at the store?
These people are literally insane. They were almost bragging about getting their covid vaccine. Who the fuck brags about getting a shot that everyone else with your mindset is getting? Its just so weird. They live in a super red area that is beautiful and complain about all the trumpers. stupid fuck dont realize the only reason that area is nice is because its conservative.
Oil @ $100/barrel by the end of the year, $200/barrel by the end of Biden term.
after starting another wave of middle east wars.
Texas won’t actually know what to do with all that money lmao.
One hell of an advantage the state has is that low oul prices boom the other sectors of their economy, high oil prices boom the shit out of their oil fields and since it’s all on state or private property, the feds can’t stop it.
Welcome to high interest rates and jacked up prices for everything because of transportation and production cost.
Just wait until hyperinflation ramps up...
Comming to a town near you. Its going to get bad quick.
I hope everyone is stacking physical assets.
Lead and silver? Aye.
I’ll be the crazy guy on the corner saying the sky is falling for a second. Recall in 2007/8 gas went to $4.00 plus a gallon. The retards that borrowed all that money had no money to cover their debt payments and kaboom! It wasn’t that complex. Screen cap this just in case.
you havent seen anything yet. OPEC isnt increasing production in April so wti will hit 75 then if opec stalls or trickles supply in May to jack up prices 85 to 90 is coming then by June there will be a mass supply crunch jacking wti above 100, the average American is now to stupid and brainwashed to do critical thinking
here's another angle. We're already seeing rampant surges in food prices like soy, corn, wheat, sugar, coffee, etc. There's going to be a shitload of food inflation in 3rd world countries and Arab states. This will cause the government to try and do price controls and rationing which will cause shortages. This sparks off civil unrest and possibly civil wars in oil producing countries.
There's your case for 200 dollar a barrel oil.
I believe it. Governments love price controls when it wins them votes. Despite the failures created from rent control, it's still a thing.
India used to have very tight price controls and monopoly laws; so tight that when the government laxed them and reintroduced competition into their economy, the existing players were blindsided by how much better their competition was and were forced to modernize.
Around a week ago, the price per barrel of oil was up 70% .
Closed at the high this week, shit looks like it will be at 70 bucks by the end of the month.
im thinking 75 end of month... big draws coming with free states opening and spring break, and you can never rule out Israel Saudi Iran etc going at it
I remember it being over $100 pet barrel briefly way back.
$80 and above triggers international economic declines.
Not all of that is his fault... Just to be truthful if you look at that map gas dropped waaaaaay down when covid started.... It was up there before they but Trump was working on getting us energy independent and in a few days Biden destroyed all that work that would have eventually brought it down and KEPT it down!!
For all the shit they talk about guns and gasoline, Democrats sure do love to help gas and gun companies make money.
They also invest in them.
Not to mention the price at the pump.
It’s a little foggy but I think I remember some orange guy predicting this. Must have been some genie or something
"Never underestimate Joe's ability to f.ck things up" -- the big O.
Or something like that.
Big SUVs have been extremely popular... in a year or 2 they will not be.
Every move a right one, Joe. 🤦♂️
I drive close to a 1000 miles a week. Work reimburses some of it, but this communist administration is crushing me with these gas prices
500 miles a week for me. 50 miles one way 5 days a week. Glad it is not your 1000.
I was telling y'all to buy oil. especially GUSH.
it's still at a great price. if it hits $110 a share in donating 10K to Project Veritas
if on a budget CDEV is the way to go 5 a share easy 2x and if oil hits 100 easy 15 to 20
I like the number 47. It's the number of years I get to cite when asking people what Biden has accomplished during his political career other than raping assistants, selling out America to China, and locking up blacks. It's the percentage of Americans that Mitt Romney wrote off when he let everyone know that he is a piece of shit. And it's what the left is going to have to call Trump in 2024 or earlier because they won't be able to stomach saying "President Trump".
It's crazy that the lowest gas prices in a while just happened to be in March, 2020. We've been in this FAGGOT ass "pandemic" for a year now. You have to applaud the uniparty, they did something I never thought possible. Over the course of a century, they've managed to completely zombify about half of this country. It's incredible what they've accomplished.
I don't know what scares me more. The idea that American citizens continued to vote for this shit for decades. Or if they've cheated this entire time and we've just allowed it for decades. Either way, it's hard to look into a future USA and see good times ahead. There's no reason to believe we can win in 2024, especially if we can't get about 90% of Congress outta there next year.
If we still had the court system, I could see a bright future. But they've failed us to a point I didn't seem believable. All we ever wanted was an audit to provide receipts. For fucks sake, the voter turnout in some swing state counties was 150-200%. And the judges say there's no EVIDENCE. You have boxes being pulled out from under an aproned table in the middle of the night after they told everyone to go home because they were done counting for the night. That just so happens to coincide with an increase in biden votes. And democrat faggots don't care, because orange man is gone.
1984 is no longer just a story, we're living it. If we don't fight this, any Patriots will become Winston. We know they can watch is via our tvs, phones, computers, cars. Big tech and most media is the ministry of truth. They try to rewrite the past, they constantly lie and manufacture crisis's. They want to get rid of "old think" (whiteness) ideas like being rational. The fbi is turning into the ministry of love, arresting and vetting citizens and soldiers for being conservative.
Is this serious or what?
Isn't it nice to have the clarity though? We know exactly who is reliable and who isn't.
1984 is fiction, this is going to turn into 1933.
Bingo. I’m in my mid 20s and it’s seriously worrying seeing so many young men without a path or purpose in life. There are YouTube channels that cover men’s topics that have gone from 0 to 100k in a year due to young men seeking a sense of community. We are about to enter 1930s Weimar crazy
After Biden was declared the winner (illegitimately) I poured all my money into oil stocks. Let's just say that today I've already made back three times the amount I invested. Like I told my wife, Biden may talk all big about green energy but his hands are slick with oil.
The big problem is his hands are slick with foreign oil as is most of the politicians. Shit is going to skyrocket to unseen prices before it is over.
the last 72 hours have been amazing for my pockets lol and its only to get way way way better
Imagine being in California with $1.52/gallon TAX on top of it. Gas in SoCal is vast approaching $4 already.
I remember it was $1.50 to $1.70 and now it is $2.59
$2.79 here. I think it was $2.19 when Trump left office
I’ll be out of a job by July at this rate. Right where he wants me to be.
Is this GME or oil prices? Hard to tell at this point
I was going to buy a big bitchin car this year, guess not!
some of us been knowing what would happen from trade alone and betting that he shuts more energy independence off. we makin money. but that money gettin less valuable.
yuk...yuk...yuk.....ahhhhhh....happy democrats????...fuk you...suffer
Well whaddyu think a rapists America looks like? Pretty soon the wayward kids crossing the border fucking will begin. We all know the dems are kid fuckers
Correlation is not causation. In this case. Ask me how I know.
You ain't seen nothing yet. This is 2005-2008 all over again. Went to $6 a gallon, then the economy crashed bigly.
This is not financial advice, but just my outlook/perspective.
Last year after the Saudi/Russian oil spat they dumped alot of oil onto the market. Thing is, once you pull all that oil out of the ground you can't exactly put it back in. This extra supply causes the price to drop through the floor. The fact that Crude is above $66.00 is an inflated price. The thing about inflated prices is that a correction or collapse is virtually inevitable. I'd keep an eye on SCO ETF or DRIP.
The Saudis and Russians were aiming to kill American fracking. Frackers were the marginal producers and they had to bring the price point down to kill the industry. Fracking was already on the ropes pre Covid and the collapse along with Biden have put the industry out of commission for the next several years.
Quite possibly. Wouldn't surprise me anyways.
My point is, a violent correction or collapse is coming. Might as well have something to make a buck or two off of it. Secondly, with a crude collapse inbound, like real estate, a lot is tied into it. Should oil spike too high get ready for a possible depression. And with Xiden in power, and what he has done so far, it seems likely.
We're about to have a market crash this month. Probably 15% off the highs but could be 25%. Bond prices are crashing because nobody is stupid enough to buy more debt when the Dems are about to pass another trillion dollar plus stimulus financed by debt.
Fed will intervene so it will bounce but it will only set us up for a much bigger crash probably later this year early next year.
Biden and the Dems will get annihilated.
Indeed. Been eyeballing bear ETFs and ETNs.
Fitting honestly. How did Bill Maher put it? "I hope for a recession..." How poetically ironic.
In 2008 we were days away from money markets funds going illiquid. If that happened there would have been a bank run and nobody without cash in hand would have had access to any of their money. Imagine having only the cash in your pocket at this moment and that's it. Now imagine that for everybody, given what we just saw last summer.
I don't think that this crash is the one that does it, but I think it happens within the next 4 years under Biden and when it does the country collapses into civil war.
Is there any chance we can game the market the way they did with GameStop and make the gas really really cheap instead of really really expensive?
buy oil stocks. They are still cheap to what they will be when wti crude hits 75 80 100 a barrel... the money to be made in oil is amazing
my only saving grace for this is my Exon Stock that I bought for 32 dollars a share. Now its like 60 bucks a share
While Biden's policies are affecting the supply side, we must also look at the demand side. Oil prices cratered at the height of the covid lockdowns as everyone anticipated reduced economic activity. Prices gradually recovered as lockdowns gradually eased, and steadily increased as vaccines started rolling out. This is the demand side equation - with economic activity returning back to pre-covid levels oil prices are increasing to meet demand.
That is the mainstream narrative and it sounds plausible but the numbers do not support these prices or the growth rate.
Oil prices had their first downdraft in 2014 when it crashed from 100 dollars all the way into the 30's in 2016. Then recovered to the upper 70's in 2018 and then was going into another downtrend in 2020 pre Covid.
After prices crashed in March 2020, it bounced up to around 45 and literally was headed back to the lows until it reversed in the first week of November right after the fraudulent election.
I don't buy the argument that the November inflection point was on the back of anticipated oil demand on the back of a recovering economy. There was no data at that point in time, or the month after to support the notion that the economy would be recoverying to support pre covid levels of oil consumption. There was only data saying that a Biden regime would be bad for fossil fuels.
Also, if you take a look at the demand side of the equation, price was falling as demand was rising in the past few years. In addition the anticipated 2021 demand is not expected to be at pre covid levels.
https://www.statista.com/statistics/271823/daily-global-crude-oil-demand-since-2006/
Biden and the Dems are 100% against fossil fuels and make no secret about it. The first thing he did when he got into office was cancel keystone and ban fracking. He did exactly what the markets thought he was going to do, and will take it a step further through further escalation of conflicts in the middle east.
I read an article https://www.washingtonexaminer.com/policy/gas-prices-up-pandemic-texas-cold-snap that says the recent cold in the mid States caused low production of oil which contributed to the gas increase. Biden policies will hurt us more of course, but the current issue is very likely related. The Keystone XL stop was a cause and effect.
Don’t be a scardy type, live free.
This won't be good for the economy.
My only stock doing well since Xiden was installed, down almost 20% overall.
Fens... sell oil stocks when Republicans win. Buy when dems just have won.
Well now we know who also was behind the steal.
$10 by 2022 in blue states.
Construct your own refinery for gasoline bigot.
Yes. Let's make everything expensive while killing jobs and small businesses.
Why aren't the homeless fucking burning liberal cities? Hell if I'd be chill being bankrupt.
Those who live in the city and urban surrounding areas, think that the entire country can sustain policy designed just for them. I've watched them discuss these topics, they believe in public transport and have a distain for rural populations and their cars. They dislike roads and want everything to be rolled back. They think that the way to design and run cities, is a method which can be applied to the entire country regardless of density. Added fuel costs will simply harm those who need to travel for work, whilst making public transport in urban areas the ideal solution. But the problem is, these people don't make anything, they simply profit from the infrastructure that makes all of this possible. The distain for the people who make everything is so clearly evident, and they don't care how little people out there are getting paid to break their backs everyday, just as long as they can sip latte's.
They are effete urbanites living in a bubble and are completely helpless without the very people they hold in contempt.