WTI CRUDE

No. The national average for a gallon of gasoline today is $4.17. I'm willing to bet it will be less in 2 months by June 28th. And that gives you an advantage because gas tends to go up during the summer.


JAROD: I wont wager because I think the Oil price per barrel might come down, but I am iffy on that.

Ill bet on gas prices, will you?
Nice try, aaa.com says $4.03 is the national average. If we use that baseline as a standard, I’ll bet ya.
 
Promises made... Promises kept?


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Throughout his 2024 campaign, Donald Trump consistently promised to drastically lower gasoline and energy prices, often using specific numerical targets and timeframes. H


Key Campaign Promises

50% Reduction in 12 Months: Trump repeatedly pledged to cut all energy costs, including gasoline, by at least 50% within his first year in office. He made this specific 50% promise at several major events:
York, Pennsylvania (August 19, 2024): Pledged that heating, air conditioning, and gasoline bills would drop by more than half within 12 months.

Michigan (September 2024): Stated his goal was to "cut your energy costs in half within 12 months".

Detroit Economic Club (October 10, 2024): Declared that "your gasoline for your car is going to be 50% cheaper" exactly 12 months from his inauguration.

Gasoline Below $2 per Gallon: Another frequent target was bringing the national average for regular gasoline below the $2 mark.

Economic Club of New York (September 2024): Promised that by "going down and getting gasoline below $2 a gallon," he would lower the cost of everything else, from groceries to airfares.

General Campaign Trail: Often cited specific figures like $1.87 a gallon as a target, claiming these levels were seen during his first term.
 
Meanwhile in Tehran, one US gallon of 95 Octane gasoline is sold for $0.110.



 
The cooking process require heat and another step in the refining process. Those two things add expense and they aren't required for sweet crude.
But almost every refinery in the US has it. It's a fairly simply step and produces sulfur, a product they can sell to pay for it.
 
Can righties ever understand that the price of oil is determined on commodity markets? There is a world price determined by world supply and speculators.
There is no 'world price'. The price of any transaction is determined by the buyer and seller agreeing on a price. For an international trade, the currency to be used is also specified in the contract.

Commodity markets are speculations on a future price (they are also called futures markets). Upon maturity, they buy the oil at that price. It's just another way to bid. Reversal fallacy.
 
No. The national average for a gallon of gasoline today is $4.17. I'm willing to bet it will be less in 2 months by June 28th. And that gives you an advantage because gas tends to go up during the summer.


JAROD: I wont wager because I think the Oil price per barrel might come down, but I am iffy on that.

Ill bet on gas prices, will you?
Careful. He welches on bets.
 
Nice try, aaa.com says $4.03 is the national average. If we use that baseline as a standard, I’ll bet ya.

National average gas prices

[th width="187.196px"]Regular[/th][th width="187.196px"]Mid-Grade[/th][th width="187.196px"]Premium[/th][th width="187.196px"]Diesel[/th][th width="187.218px"]E85[/th]
[td]
Current Avg.
[/td]
[td]$4.176[/td][td]$4.674[/td][td]$5.047[/td][td]$5.461[/td][td]$3.307[/td]
[td]
Yesterday Avg.
[/td]
[td]$4.111[/td][td]$4.592[/td][td]$4.969[/td][td]$5.449[/td][td]$3.213[/td]
[td]
Week Ago Avg.
[/td]
[td]$4.022[/td][td]$4.526[/td][td]$4.897[/td][td]$5.511[/td][td]$3.155[/td]
[td]
Month Ago Avg.
[/td]
[td]$3.976[/td][td]$4.501[/td][td]$4.864[/td][td]$5.393[/td][td]$3.139[/td]
[td]
Year Ago Avg.
[/td]
[td]$3.150[/td][td]$3.620[/td][td]$3.976[/td][td]$3.536[/td][td]$2.595[/td]
 
You said your car is electric and uses very little fuel. The price of gas should be inconsequential for you.
The price of gas is a cause of inflation on the overall economy dumbshit, trucks use gas, tractors his gas, fertilizer is made using oil.
 
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