Gas prices

[Daniel]

CBS national gas and oil tracker.

CBS News gas and oil price tracker shows how much energy costs are rising amid the Iran war - CBS News https://share.google/9UlvwqviUQhrx1sQJ

[DougG]

on the other hand, I went to the grocery store this morning and every variety of eggs they sold were available for $.98 a dozen.

I believe that is lower than last year…

[Daniel]

Lol.

Yes and the data probably show six million Americans will now have to take the bus to buy them.

I'm expecting inflation and terrible real life job market fundamentals to engulf the US economy and sooner rather than later.

[wtg]

Gas prices going up quickly around here. I bought gas at Costco for $4.39 early in the week and it's up to $4.89 today, up 20 cents since yesterday.

[jon-nyc]

The one here doesn’t have a gas station.

[Rontuner]

I use the GasBuddy app - especially useful while travelling.

I think I paid $4.59 yesterday at the Melrose Park Costco. $4.79 today, while the one in the city closest to us is $4.99

Thank a Republican voter!

[wtg]

@Rontuner said:

Melrose Park

My hometown!

Much as I love Costco, I was sad to see the Kiddieland that was on the site demolished to make way for the warehouse.

Thank a Republican voter!

[jon-nyc]

My car wants the 93 octane. Last fill was $5.99. I assume I’ll pay over 6 next fillup.

[DougG]

driving down the eastern side of the Sierras early next week. There’s a couple hundred miles stretch where gas will be well over seven dollars a gallon.

[DougG]

so I’ve been falling the oil and gas market for over 60 years. My dad worked in the industry. I graduated college in the middle of an oil embargo that led to rationing. I have owned oil and gas stocks for that for 60 year period, although I’ve been steadily decreasing the position for the last 15 years.

Here is my prediction. Sometime within the next 18 months or so , you’ll start seeing the term “oil glut “ in headlines with sharply lower prices.

This stuff is incredibly cyclical…