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Bluetus

(3,006 posts)

41. Oil companies are loving that. The pump prices are starting to hit.

Thu Apr 30, 2026, 01:54 PM

Thursday

The prices in my area have been volatile since the beginning of this Trump/Netanyau war. They sat above $4 for a few weeks, then spent nearly a month around $3.50. But suddenly this week, they all shot up to nearly $5 for regular. I believe that is the > $100/bbl field prices working their way through the system. And it is also the oil companies deciding the market would likely be > $100 for months.

As I write this, Brent is hitting $115. And note, none of those comes from the Persian Gulf in normal times. But the prices are fungible globally. And that is not just a theoretical thing. You can bet that Europe and the Pac Rim are looking to buy oil from wherever they can, even it it involves a lot of shipping.

It is worth examining the fact that Trump first hit Venezuela, right before closing down the Strait of Hormuz. You can bet those two events are connected. Where is the Venezuelan oil going, and what cut is Trump taking off the top?

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Blues Heron

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Save us Whip-poor-will Wednesday #1

I think he may have a mental age of about 10 muriel_volestrangler Wednesday #5

Didn't Iran already have a no nuclear weapons deal and Trump tore it up? Botany Wednesday #6

Yeah, but that was a "woke" deal made by a Black guy with the middle name Hussein Submariner Wednesday #9

That "bad deal" was brought about by Ernie Moniz. Sec. of Energy, PhD in Physics from Stanford, Chair of .. Botany Wednesday #10

Fixed it for Ya! NEOH Wednesday #18

Thanx Botany Wednesday #22

One thing about Trump Dan Wednesday #13

Think about it this way. A LOT of voters... ananda Wednesday #15

Brent crude - 114/bbl Blues Heron Wednesday #2

Lol enjoy that while it lasts..my bet is that by july 4th the futures price will match the spot price. Volaris Wednesday #25

And a "mere" $98 last Friday. Bengus81 Wednesday #34

Oil companies are loving that. The pump prices are starting to hit. Bluetus Thursday #41

shithole and the republican party are bankrupting the USA.............. Lovie777 Wednesday #3

I can't believe we don't have one patriot at the DOJ who will leak the remaining Epstein Files. travelingthrulife Wednesday #7

He's an idiot. highplainsdem Wednesday #4

"he assessed" - FFS barbtries Wednesday #8

At first glance, I thot it said "possessed". sprinkleeninow Wednesday #37

There goes the U.S. economy and the world economy. We are so screwed. Fil1957 Wednesday #11

Yesterday he claimed that Iran admitted it was in a state of collapse and wanted the Strait reopened OnlinePoker Wednesday #12

And there aren't that many neurons to choose from. reACTIONary Wednesday #14

Lies. Lies. Lies. Justice matters. Wednesday #27

You've got a nice country there... Pesky1 Wednesday #16

More grist for the mill come Nov. midterms. paleotn Wednesday #17

I had a cussing fit when I drove by the gas station and saw the price yesterday Mysterian Wednesday #19

The Congressional vote to let him continue this mess is already in the bag then Bayard Wednesday #20

The "risk" of walking away is personal humiliation. As long as he's in the WH, there is NO WAY OUT. pat_k Wednesday #21

Can I say it Whip-poor-will Wednesday #31

The difference is us -- the opposition. pat_k Wednesday #32

Trump should prepare for oil to keep climbing maxsolomon Wednesday #23

Gas is flirting with $5 here now. NEOBuckeye Wednesday #35

I was paying $4.70 for premium before he fucked everything up. maxsolomon Wednesday #36

He's going to take them all down with him. This is his ego, not the Nation or World's best interest. ChicagoTeamster Wednesday #24

Add Pakistan, India, France and the UK to the list of countries with A bombs. Justice matters. Wednesday #28

Yes, but they're not as directly involved in the Hormuz or Ukraine ChicagoTeamster Wednesday #33

In other news, Trump met with oil company executives to discuss the Iran "conflict". Midnight Writer Wednesday #26

They "donated" him a billion on his request. Justice matters. Wednesday #29

So they all went out and bought EV's? Queso Delicioso Wednesday #30

A long hard slog. Lasher Wednesday #38

WELL, At LEAST that's a better strategy than escalating to attacks upon Iran's Jack Valentino Thursday #39

Right, because he doesn't know what to do except punish us with his endless stupidness. GoodRaisin Thursday #40