Article

2022-06-21 Economy

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Posted by Lord Garth 2022-06-21 00:00|| || Front Page|| [5 views ] Top

#1 ...Prices here have dropped about 15-20 cents a gallon, and in other parts of town they're headed back under $4. I fear, however, that we may find but temporary solace before something else smacks us in the head.

Mike

Posted by Mike Kozlowski 2022-06-21 04:54|| 2022-06-21 04:54|| Front Page Top

#2 Peak? No, it's just breathing heavy.

Posted by Rob Crawford 2022-06-21 06:57|| 2022-06-21 06:57|| Front Page Top

#3
Oil and etc. just bounced UP again.
Note: Prices listed come with "automated delay quote"

WTI Crude 111.20 +1.64 +1.5%
Natural Gas* 6.642 -0.284 -4.09%
Heating Oil 4.453 +0.113 +2.61%
Gasoline* 3.923 +0.130 +3.41%
Ethanol* 2.160 +0.000 +0.00%
*= wholesale/distributor costs

Posted by NN2N1 2022-06-21 08:08|| 2022-06-21 08:08|| Front Page Top

#4 /\ I'll go out on a limb and say.... nothing good will come of this "bounce."

Posted by Besoeker 2022-06-21 08:10|| 2022-06-21 08:10|| Front Page Top

#5 Invert the chart

Posted by Skidmark 2022-06-21 09:35|| 2022-06-21 09:35|| Front Page Top

#6 Oil company stocks have been falling faster than the overall market recently; investors seem to think prices have peaked, probably because demand has peaked as the recession begins.

Posted by Glenmore 2022-06-21 09:55|| 2022-06-21 09:55|| Front Page Top

#7 Well, until they decide to actually start treating us in the industry as human instead of subscribing to the power-mad-dictator-of-the-month-club, I don't think oil will finish peaking.

I don't think they'll be able to "recession" their way out of massive oil and commodity price increases. The economy will shrink faster than they can shrink the money supply.

Posted by Thing From Snowy Mountain 2022-06-21 12:34|| 2022-06-21 12:34|| Front Page Top

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