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James48

(5,165 posts)
3. Note- oil price is transitory.
Fri Mar 6, 2026, 11:06 AM
Friday

Last edited Fri Mar 6, 2026, 06:32 PM - Edit history (1)

It’s going to be another two weeks before the first salvos of this war actually hit the pump. The Strait of Hormuz is going to be closed for a long time. Every day it is reduces the amount of oil available to sell. China has stopped exporting refined gasoline and diesel. They means all of Asia is going to be having price shocks, and trying to buy elsewhere. Which means our oil and gasoline will be more expensive soon- by a lot.

I give it two weeks before gasoline goes up fifty cents to a dollar.

If the war continues more than a month (it will) we will see serious shortages and price shocks.

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