- Thread starter BullGear
- Start date
Looking like of 10% annual inflation for the next few years.
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JPMorgan’s head of EMEA energy equity research, Christyan Malek, warned markets on Friday that the recent Brent price surge could continue upwards to $150 per barrel by 2026, according to a new research report.
Several catalysts went into the $150 price warning, including capacity shocks, an energy supercycle—and of course, efforts to push the world further away from fossil fuels.
oilprice.com
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JPMorgan’s head of EMEA energy equity research, Christyan Malek, warned markets on Friday that the recent Brent price surge could continue upwards to $150 per barrel by 2026, according to a new research report.
Several catalysts went into the $150 price warning, including capacity shocks, an energy supercycle—and of course, efforts to push the world further away from fossil fuels.
JPMorgan Analyst Sees Energy Supercycle With Oil As High As $150 | OilPrice.com
JPMorgan’s head of EMEA energy equity research, Christyan Malek, warned markets on Friday that the recent Brent price surge could continue upwards to $150 per barrel by 2026
oilprice.com 
California gas prices near $6 a gallon
Average gas prices in California are nearing $6 a gallon due to issues at several refineries within the state. There are 14 refineries in California, producing more than 1.6 million barrels per day.
www.foxbusiness.com Gas here is $2.92 for 87. $3.33 for premium at Sam’s.California gas prices near $6 a gallon
Average gas prices in California are nearing $6 a gallon due to issues at several refineries within the state. There are 14 refineries in California, producing more than 1.6 million barrels per day.
WTI Oil at $90+ ..... Some things are not adding up. Wide spread from region to region, like many other things. The shelves in the store may be full but they just don't seem to have the one item you went in to pick up.
I expect gas to get cheaper through krimuss to keep the natives docile.
"Cost to Transport" is coming back into the spotlight.
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The cost of transporting U.S. crude from the Gulf Coast to Europe has been increasingly determining the discount at which the U.S. benchmark WTI trades relative to the North Sea crude benchmark Brent, according to estimates by Argus.
So far in September, the cost of shipping a U.S. crude cargo from the Gulf Coast to Europe has been nearly the same as the Brent-WTI spread.
This month, a cargo of 700,000 barrels of WTI crude has cost $2.33 per barrel on average to transport from the U.S. Gulf Coast to Europe. This has been only a penny away from the average premium at which the second-month Brent futures contract on the ICE has traded over the NYMEX front-month WTI futures contract, Argus has estimated.
oilprice.com
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The cost of transporting U.S. crude from the Gulf Coast to Europe has been increasingly determining the discount at which the U.S. benchmark WTI trades relative to the North Sea crude benchmark Brent, according to estimates by Argus.
So far in September, the cost of shipping a U.S. crude cargo from the Gulf Coast to Europe has been nearly the same as the Brent-WTI spread.
This month, a cargo of 700,000 barrels of WTI crude has cost $2.33 per barrel on average to transport from the U.S. Gulf Coast to Europe. This has been only a penny away from the average premium at which the second-month Brent futures contract on the ICE has traded over the NYMEX front-month WTI futures contract, Argus has estimated.
The Spread Between Brent And WTI Has Aligned With Transatlantic Freight Costs | OilPrice.com
The discount at which WTI trades relative to Brent is now nearly exactly aligned with the cost of shipping U.S. crude to Europe.
oilprice.com cost of transport.. (I laugh)..."Cost to Transport" is coming back into the spotlight.
____________
The cost of transporting U.S. crude from the Gulf Coast to Europe has been increasingly determining the discount at which the U.S. benchmark WTI trades relative to the North Sea crude benchmark Brent, according to estimates by Argus.
So far in September, the cost of shipping a U.S. crude cargo from the Gulf Coast to Europe has been nearly the same as the Brent-WTI spread.
This month, a cargo of 700,000 barrels of WTI crude has cost $2.33 per barrel on average to transport from the U.S. Gulf Coast to Europe. This has been only a penny away from the average premium at which the second-month Brent futures contract on the ICE has traded over the NYMEX front-month WTI futures contract, Argus has estimated.
The Spread Between Brent And WTI Has Aligned With Transatlantic Freight Costs | OilPrice.com
The discount at which WTI trades relative to Brent is now nearly exactly aligned with the cost of shipping U.S. crude to Europe.
PHX has a pipeline that comes into the city.. then they send it out to every far away town.
yet, it's cheaper 50 miles outside of PHX then inside the city.... by .50 - 75 cents...
so, cost of transport, makes me wonder
Is it transport or Cash Cow and good ol gouging
Gas was 4.70 at CostCo *87 octane and over 5.00 dollars plus at other stations..
Warren Buffet says "Steady as she goes"....
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Occidental Petroleum Corp. will not be increasing oil output, with its CEO saying that the recent surge in oil to above $90 per barrel is happening without balance in the market.
Speaking on Bloomberg Television, Occidental CEO Vicki Hollub said, “Only in a market where we see balance would we increase our oil production – and even then it would be at a moderate pace.”
Even if oil prices topped $100 per barrel, Hollub told Bloomberg, they would not likely be sustainable long enough to lead to demand destruction.
Hollub cited the shale industry’s new-found discipline to hold off on production increases that at the height of the sale boom led to drillers taking advantage of high per-barrel prices in the short-term by raising output significantly, leading to a market oversupply problem
oilprice.com
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Occidental Petroleum Corp. will not be increasing oil output, with its CEO saying that the recent surge in oil to above $90 per barrel is happening without balance in the market.
Speaking on Bloomberg Television, Occidental CEO Vicki Hollub said, “Only in a market where we see balance would we increase our oil production – and even then it would be at a moderate pace.”
Even if oil prices topped $100 per barrel, Hollub told Bloomberg, they would not likely be sustainable long enough to lead to demand destruction.
Hollub cited the shale industry’s new-found discipline to hold off on production increases that at the height of the sale boom led to drillers taking advantage of high per-barrel prices in the short-term by raising output significantly, leading to a market oversupply problem
Occidental Won’t Increase Oil Output Despite Soaring Crude | OilPrice.com
Occidental Petroleum Corp. will not be increasing oil output, with its CEO saying that the recent surge in oil to above $90 per barrel is happening without balance in the market
oilprice.com | WTI Crude • | 92.49 | +2.10 | +2.32% |
| Brent Crude • | 95.66 | +1.70 | +1.81% |
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in other words, they are enjoying the high prices.Warren Buffet says "Steady as she goes"....
_________________
Occidental Petroleum Corp. will not be increasing oil output, with its CEO saying that the recent surge in oil to above $90 per barrel is happening without balance in the market.
Speaking on Bloomberg Television, Occidental CEO Vicki Hollub said, “Only in a market where we see balance would we increase our oil production – and even then it would be at a moderate pace.”
Even if oil prices topped $100 per barrel, Hollub told Bloomberg, they would not likely be sustainable long enough to lead to demand destruction.
Hollub cited the shale industry’s new-found discipline to hold off on production increases that at the height of the sale boom led to drillers taking advantage of high per-barrel prices in the short-term by raising output significantly, leading to a market oversupply problem
Occidental Won’t Increase Oil Output Despite Soaring Crude | OilPrice.com
Occidental Petroleum Corp. will not be increasing oil output, with its CEO saying that the recent surge in oil to above $90 per barrel is happening without balance in the market
they can pump 100 barrels @ 100 dollars or 120 barrels and lower the price to 80. Which is more favorable?
Lack of competition
$5.59 for 87 in Costa Mesa, CA. A "mountain" town east of San Diego was $6.99 for regular and $7.79 for diesel on Sunday morning when we stopped to grab sandwiches for a range day. It's normally higher there, but it was extremely high this time.
It would seem the three West Coast States have some of the highest priced fuels in the nation.
And both California and Washington have several large refineries.
But, they have a "captive audience", also.
A long drive to Idaho for a fill up.
Oil nears $94 per barrel
The price of oil is nearing $94 per barrel after the Energy Information Administration reported a larger-than-expected draw on inventories of over 2.1 million, jolting the crude market.
www.foxbusiness.com 
U.S. Oil Price Hits Highest Level In 13 Months | OilPrice.com
WTI crude prices have been surging as inventories continue to decline, with the U.S. benchmark hitting its highest level since August 2022.
oilprice.com 
The Deep State is wanting to hold that price down. Good for an election year.
The expression "Between a Rock and a Hard Place" comes to mind.
The camel jockey's want to sell less and charge more.
Quite a tug of war to watch.
As we are witnessing this is another commodity with prices fluctuating wildly between "regions".
When the government calculates the COLA they won't be including gas prices in California. They will be quoting gas prices from Baytown, Texas.
Watch out for the smoke and mirror's.... It will not be in your favor.
| WTI Crude • | 92.99 | +1.28 | +1.40% |
| Brent Crude • | 96.20 | +0.82 | +0.86% |
"Premiums Are Going Nuts Everywhere": Plunging US Supply Sends Oil Prices Around The World Soaring | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com Maxwell
Well, Biden made sure to drain the Strategic Oil Storage several months ago. There are no coincidents."Premiums Are Going Nuts Everywhere": Plunging US Supply Sends Oil Prices Around The World Soaring | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Maxwell
US Crude Oil in the Strategic Petroleum Reserve Stocks
In depth view into US Crude Oil in the Strategic Petroleum Reserve Stocks including historical data from 1982 to 2023, charts and stats.
ycharts.com 
By this time next year gasoline nationwide be seven dollars a gallon.
Here in Komifornia we would sigh and grumble and pay up, I imagine in the midwest heads would explode.
My other prediction is that the United States will have over 20 million illegal immigrants within its borders by this time next year.
Several factor's involved:
price of oil + loss of purchasing power of the USD + increasing road use taxes + fewer American refineries + increases in cost to transport product
"++++" is never a good thing for "We the People"
Plan ahead
This is .gov trying to drive (heh) everyone to electric vehicles.
Oct 6 (Reuters) - U.S. gasoline prices are heading south and may hit $3 a gallon in many places in coming weeks with crude oil futures down $10 a barrel over economic fears and eroding demand.
The drop in gasoline prices could benefit consumers and cool inflation. But it also may be a sign of economic weakness with U.S. government data showing the four week average of gasoline demand at lowest seasonals in 26 years.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/7XBXB4KEWZMUFGJF2EHGFA6WAU.jpg)
www.reuters.com
The drop in gasoline prices could benefit consumers and cool inflation. But it also may be a sign of economic weakness with U.S. government data showing the four week average of gasoline demand at lowest seasonals in 26 years.
US gasoline prices could fall to $3 a gallon on oil selloff, rising stocks
U.S. gasoline prices are heading south and may hit $3 a gallon in many places in coming weeks with crude oil futures down $10 a barrel over economic fears and eroding demand.
www.reuters.com Lol. Free money every year by shorting summer oil prices.Oct 6 (Reuters) - U.S. gasoline prices are heading south and may hit $3 a gallon in many places in coming weeks with crude oil futures down $10 a barrel over economic fears and eroding demand.
The drop in gasoline prices could benefit consumers and cool inflation. But it also may be a sign of economic weakness with U.S. government data showing the four week average of gasoline demand at lowest seasonals in 26 years.
US gasoline prices could fall to $3 a gallon on oil selloff, rising stocks
U.S. gasoline prices are heading south and may hit $3 a gallon in many places in coming weeks with crude oil futures down $10 a barrel over economic fears and eroding demand.
In some of my comments I simply reply "Regional". Few Americans have caught on to the "Regional Games". All the "numbers" being reported are spun in favor of the topic of the head line. Over in the "firewood" section we joke about the different wood we use for heating. In the West we use fir and other trash wood. The guys back east or in Mississippi are burning oak and other hardwood's. It is cost prohibitive for me to go 1,000 miles to get some oak fire wood..... Regional. Pay close attention.
Just look at the spread on gasoline prices.
AAA Gas Prices
gasprices.aaa.com
WHelp, there goes my trip to the west coast. Probably for the best, LOL.
Shit here in washington gas is still $$4.59 regular gas and $5.19 diesel thanks to governor inslee's carbon tax, we will never see $3.00 gal gas here again! The people running this state are total idiots and don't give one shit about the residents, especially eastern wa.
| WTI Crude • | 85.21 | +2.42 | +2.92% |
| Brent Crude • | 86.65 | +2.07 | +2.45% |
Low distillate inventories in the United States have tightened the diesel market during the harvest season and ahead of the winter heating season. Diesel and heating oil supply could become even tighter and pricier if U.S. manufacturing activity returns to growth soon.
Economic activity in the U.S. manufacturing sector contracted for the 11th consecutive month in September, according to data from the Institute for Supply Management (ISM). However, the readings—while still showing contraction—were more optimistic than they were in the spring and summer.
https://oilprice.com/Energy/Gas-Prices/Inflation-Concerns-Grow-As-US-Diesel-Market-Tightens.html
Some of us contemplaing a drive to Canada in the spring/summer were wondering about gas prices up north. Gny data?
Gas Prices - CAA National
With CAA's Gas Price tool, you can view local, provincial and national gas prices, including gas price trends and averages.
www.caa.ca Today's AverageGas Prices - CAA National
With CAA's Gas Price tool, you can view local, provincial and national gas prices, including gas price trends and averages.
152.2/L
So with quick rough figuring thats $6.08 Canada Dollars per Imp. gallon.
Imp. gallon is just a bit larger and the CD is a bit lower wo that kind of averages out with the worst in the States.
Oil prices jump 4% after Hamas attack on Israel
Oil prices popped on Monday as the Israel-Hamas conflict extends into a third day following a surprise attack on Israel by Palestinian militants Hamas.
ARE YOU READY FOR WHAT COMES NEXT?
“I have certain rules I live by. My first rule: I don’t believe anything the government tells me.” – George Carlin Well that sure was a weekend of lies, misinformation, disi…
www.theburningplatform.com
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