Price Check in the Gas and Diesel Aisle...

And what's that sign up ahead?

Recession.

It's going to get worse.

iu
You spelled Depression wrong.
 

It’s amazing how much fail they can put in one article.
 
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Long shot question.

Has anyone seen any price decrease (no matter how small) in the last week? Didn't Brandon tell the oil companies to stop being greedy and make more gas and sell it for less?
That is a very timely question, across the board, for all of the commodities. At best, we are seeing some prices plateau.

 
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Will cover half of my oil short at $110.
so, is the reasoning that oil fell on the rate hike, is
expectations that the hike will cause a further slowdown of the economy (recession)​
Thus people will have less money to drive​
thus less oil will be used​

People buy gas pretty much at any level; since it's like air; unless the gov tells them they can't travel (like during covid) or make it extremely difficult to travel.
 
My short thesis is that all the analysts have underestimated the broke as fuckness of the world wide middle and lower classes, and that demand is going to drop significantly faster than they believe.
+100 thumbs up.
They've been lying about the inflation rate, and the chickens are coming home to roost.
 
so, is the reasoning that oil fell on the rate hike, is
expectations that the hike will cause a further slowdown of the economy (recession)​
Thus people will have less money to drive​
thus less oil will be used​

People buy gas pretty much at any level; since it's like air; unless the gov tells them they can't travel (like during covid) or make it extremely difficult to travel.

Going from memory, the volume of both crude and finished distillates dropped quite significantly during the 2008-'09 downturn.
 
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My short thesis is that all the analysts have underestimated the broke as fuckness of the world wide middle and lower classes, and that demand is going to drop significantly faster than they believe.

Maybe it's just my AO, maybe it's my pre-existing bias, but my daily journeys give me that "it's coming" feeling.
 
Going from memory, the volume of both crude and finished distillates dropped quite significantly during the 2008-'09 downturn.
From my memory.... Those big old Suburban's and Expeditions were down on value, also. Every Mexican in my area was driving one and the white boys were in those Geo Metro's.... Not long after, the price of fuel dropped like a rock. Some smiling SUV owner's is what I remember.
 
From my memory.... Those big old Suburban's and Expeditions were down on value, also. Every Mexican in my area was driving one and the white boys were in those Geo Metro's.... Not long after, the price of fuel dropped like a rock. Some smiling SUV owner's is what I remember.

That's correct - the value of both SUVs and pickups took a complete shit from what they were purchased for in '05-'07. Doesn't at all sound similar to what's happening now :cautious:
 
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I remember the first spike under Obama, Toyota Tundra's normally were selling for 25k to 30, and a dealer in PHX was dumping them for 15k.. SMOKING deal, if you had the $$ to wait for the gas prices to drop.
 
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