That situation will be changing
- Thread starter BullGear
- Start date
I wouldn’t have called the police.
You spelled Depression wrong.And what's that sign up ahead?
Recession.
It's going to get worse.
That's a little bit further down the road. You know, you're almost there when you reach Stagflation.
- Nov 3, 2010
- 8,671
- 17,624
Should be hitting the 6 figure poverty line just about now I believe
Wasn't there a recent article that people making 250K are living paycheck to paycheck?
- Nov 3, 2010
- 8,671
- 17,624
Piss poor living habits, and genuinely not being able to afford it are two different animals, but yes there was one just recently
Just got this from a buddy. He didn’t even check the reflection first. 
You can see the scraped off biden sticker, lol.Just got this from a buddy. He didn’t even check the reflection first.
View attachment 7890988
View attachment 7890989
A lot of "value shoppers" when it comes to purchasing oil... Interesting times.
oilprice.com
Russia Overtakes Saudi Arabia As India’s Second-Largest Oil Supplier | OilPrice.com
Russia overtook Saudi Arabia to become India’s second-largest supplier of crude oil last month,
oilprice.com 
Biden blasts oil refiners for record profits on pain at the pump
WASHINGTON (Reuters) -U.S. President Joe Biden, under pressure over sky-high gasoline prices, on Wednesday demanded oil refining companies explain why they are not putting more fuel on the market as they reap windfall profits. Biden wrote to executives from Marathon Petroleum Corp, Valero...
It’s amazing how much fail they can put in one article.
Can everyone stop lying with the "he was elected" shit? Installed... words matter.
We haven't had a price increase for about a week. Amazing how it stopped rising at $4.99.
Saw $5.69 in the valley today
$4.83 for reg unleaded and $5.19 for diesel today at Walmart, Weatherford, TX.
$5.36 for premium
I would have called her bluff, before calling the police.
Old Man was upset he didn't have his Viagra with him; or his wife was in the car listening.
5.70 for premium in PHX
edit - I use to get excited when I could use my reward points and knock 30 cents a gallon off. Now, it's almost like, what's the point.
Before, yea, almost 1/2 off of gas, NOW, ohh, I saved 3.00 on 150 bucks.... yea
lol..considering your screen name....i can understand that.
Up to 4.89 here now for regular. It was 4.35 about 10 days ago. I’m not driving my truck that has to have 93 octane. It’s been parked for exactly 50 days now.
Still loving my gay ass Camry. Picked up a load of lumber from Lowes with it and the trailer last weekend, lol.
That is a very timely question, across the board, for all of the commodities. At best, we are seeing some prices plateau.
Oil Prices Fall On Biggest Fed Rate Hike Since 1994 | OilPrice.com
In its largest hike since 1994, the Federal Reserve raised rates by three-quarters of a percentage point, or 75 basis points, with oil prices responding by drawing down just under 1%
oilprice.com Will cover half of my oil short at $110.That is a very timely question, across the board, for all of the commodities. At best, we are seeing some prices plateau.
Oil Prices Fall On Biggest Fed Rate Hike Since 1994 | OilPrice.com
In its largest hike since 1994, the Federal Reserve raised rates by three-quarters of a percentage point, or 75 basis points, with oil prices responding by drawing down just under 1%
so, is the reasoning that oil fell on the rate hike, is
expectations that the hike will cause a further slowdown of the economy (recession)
Thus people will have less money to drive
thus less oil will be used
People buy gas pretty much at any level; since it's like air; unless the gov tells them they can't travel (like during covid) or make it extremely difficult to travel.
My short thesis is that all the analysts have underestimated the broke as fuckness of the world wide middle and lower classes, and that demand is going to drop significantly faster than they believe.
+100 thumbs up.
They've been lying about the inflation rate, and the chickens are coming home to roost.
Going from memory, the volume of both crude and finished distillates dropped quite significantly during the 2008-'09 downturn.
Maybe it's just my AO, maybe it's my pre-existing bias, but my daily journeys give me that "it's coming" feeling.
ExxonMobil is based. Just facts and not a single mention of the Ukraine invasion:
corporate.exxonmobil.com
ExxonMobil statement regarding President Biden Letter to Oil Industry
IRVING, Texas – ExxonMobil today released the following statement in response to a letter from President Biden.
corporate.exxonmobil.com So Exxon is basically saying FJBExxonMobil is based. Just facts and not a single mention of the Ukraine invasion:
ExxonMobil statement regarding President Biden Letter to Oil Industry
IRVING, Texas – ExxonMobil today released the following statement in response to a letter from President Biden.
Looked like nothing but marketing fluff to me ?
From my memory.... Those big old Suburban's and Expeditions were down on value, also. Every Mexican in my area was driving one and the white boys were in those Geo Metro's.... Not long after, the price of fuel dropped like a rock. Some smiling SUV owner's is what I remember.
That's correct - the value of both SUVs and pickups took a complete shit from what they were purchased for in '05-'07. Doesn't at all sound similar to what's happening now
The supply issue will keep the values high.That's correct - the value of both SUVs and pickups took a complete shit from what they were purchased for in '05-'07. Doesn't at all sound similar to what's happening now
That is an interesting theory. I admit this will apply to food.... I'm just not sure what American's are willing to pony up for.... Iphones ? Streaming entertainment ? Booze ? Dope ? Elective surgery ? New eyeglasses ? Car tires ? Broken windshield ?.... IDK
I remember the first spike under Obama, Toyota Tundra's normally were selling for 25k to 30, and a dealer in PHX was dumping them for 15k.. SMOKING deal, if you had the $$ to wait for the gas prices to drop.
Just be patient. You will be amazed at what you will get with a 1 oz Gold Eagle.
You mean real money?
My opinions on precious metals: If shit is sideways, and we’re in TSHTF wet dream, then I’d sell you half a bowl of cooked beans for 10 ounces of gold…maybe.
What happens if fuel prices go even higher at the same time that supply constraints ease?
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