Well, $10 a gallon gas soon?

[bluestarone]

Maybe more. How high do you think it will go? I'm thinking $12to $15 a gallon in a month.

[bucolic_frolic]

1. That was the plan all along

now domestic production in national parks, and profit from it. OPEC will not like this bombing move very much.

[newdeal2]

2. Iran must be looking at that option

Bombing oil fields and tankers will inflict a lot of domestic pain and pressure on Trump.

[Strelnikov_]

5. Hormuz, Abaquiq, Ras Tanuri

That’s the script.

If Trump sails a CSG into the Gulf, Leopards gonna feed.

[roamer65]

16. I think Iran will give the neighboring Gulf states an ultimatum.

Either kick out the Americans or your oil infrastructure will burn.

[videohead5]

3. That will put this country

In a recession or even worse. It will skyrocket inflation.

[purple_haze]

4. $4.75 and not a penny more

[bluestarone]

7. Don't count on that.

[purple_haze]

9. In my area

in the last 20 years its never even hit $5/gal, no matter what nonsense was going on in the world.

[bluestarone]

10. That will change.

Just my opinion, of course.

[InAbLuEsTaTe]

11. WAY higher... the Ahole-in-Chief just screwed the pooch!!

We need to impeach that prick now!!

[roamer65]

17. $6.

Gold and oil are going to spike on Monday.

Stocks will nosedive.

[Wednesdays]

23. How are oil futures doing tonight?

[roamer65]

24. It's an open conflict now.

This coming week on the markets is going to be a wild ride.

Watch the futures tomorrow and into the week.

[onenote]

28. Not the best prediction.Gold and oil falling, stock market soaring.

[sakabatou]

6. This will hurt a lot of people I know

[0rganism]

8. Unlikely more than $8/gallon. I think gas producers are ready to soak some losses to enable the tyrant toddler

Even $5/gallon will have the American public howling for vengeance upon various OPEC nations. Over $10 and they'll start blaming shitty policies from F47 and the GOP, which would lead to, among other things, a widening margin of Democratic resurgence, which is unacceptable to them. So I'm thinking Congress forces through a loss-compensation package for the oil & gas companies to keep the retail prices below $10 as long as possible. $5-$10 works to their advantage. Over $10 does not. IMHO.

[progressoid]

12. Nope.

The billionaire class won't allow it.

[LexVegas]

13. I drive an EV. nt

[purple_haze]

14. My primary has two tires

and two pedals

[Xolodno]

15. I knew I should have...

...invested into Chevron.

[Jack Valentino]

18. Luckily, we are much less dependent on middle east oil

than we were in the past.... in fact, under President Joe Biden,
the United States produced more oil than ever...


There could be a little price spike,
but I doubt anything like you are imagining here.

[roamer65]

19. I can think of one thing that will benefit from $10 gasoline.

Planet Earth.

[Ron Green]

20. Gasoline has always been dirt cheap.

That’s why people sit reading their phones with their engines idling, make long commutes alone to work and back, and buy enormous pickup trucks and SUVs.

Until these things change, we know that gasoline is still not expensive.

[RedWhiteBlueIsRacist]

21. Soon from FOX: "Our gasoline is a bargain compared to blah, blah, blah..."

Fuck you fox.

[Mosby]

22. All the gulf states hate Iran.

If anything they will up production to offset Iran, but it might not be needed because they sell almost all of their oil to China.

The Sunni world is not a fan of the Shia Crescent.

[FBaggins]

27. All true... but...

While OPEC does have enough capacity to entirely replace Iran’s production… much of that has to ride tankers through a choke point that Iran can threaten even in their weakened state.

[Polybius]

25. Good thing I've got an EV n/t

[elleng]

26. May get to $5.

$3.20-ish here now.

[onenote]

29. Or it may drop back below $3. But it's not going to $10, $12 or $15 as some here have predicted.

[Blue Full Moon]

30. That has been the goal.

They keep wanting us to pay Europe prices. So most of that is taxes. When do we get universal health care and public transportation?

[tinrobot]

31. And while they simultaneously dismantle EV incentives

If you're thinking about switching to electric, now is the perfect time.

[Greg_In_SF]

32. How are

oil prices going down and how is the market rallying??