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Edited: Dec 19, 2023

Gasoline Prices dropping hard

One of the biggest inflationary items is seeing price retreats. Now I'm thinking what the financial markets are signaling is going to happen : rate cuts by the Fed as a present to Biden in the upcoming election year. Not trying to start a politics thread but I see an opportunity to make money here.

Gasoline prices are poised to end the year at 2023 lows. How does less than $3 a gallon sound?

15 comments

15 Comments

trojangroucho

Dec 21, 2023

Brent is back up

Masked Man

Dec 20, 2023

Election year.....

Java

Dec 20, 2023

Let see if it sticks. We have a president dedicated to the destruction of oil companies. His party wants to kill all drilling here for self sufficiency. Loves to be at the mercy of people who want to kill us. And in fact cancelled all the public land leases they could.

So against that backdrop you think oil is magically going to stay low? Doesn't happen unless economic activity slows and that's not good news for markets

BigBallss

Dec 20, 2023

Replying to

That is a funny gif 😂😂

Brad Stevens

Dec 20, 2023

Replying to

Thanks,,, i shit u not, a few hours after my above post, I received an email informing me both my electricity and gas rates are increasing an additional 3.3% starting in January. Lol, we r getting f'd again?! Where's the deflation? If oil prices are down, we should start seeing several goods like groceries etc go DOWN in price because the overall coast of transportation decreses. Yup, should be any day now 😂

BigBallss

Dec 20, 2023

Replying to

lol, yeah. Everything is up.

the909trojan

Dec 19, 2023

What's even more interesting is that the drop is despite lower than expected declione in inventory markets.

Gard to know which way to play this one to be honest. Conflicting points of view here from true experts in the field. The skeptic in me partly thinks its being manipulated for polling purposes. At least partly. Prices SHOULD be climbing most accounts. Watching it closely, and I wouldn't expect an increase next year. Some refinery will go down or another week of declining inventories. Just a hunch because it is a strange market at the moment.

OldPueblo

Dec 19, 2023

Governor Newsom Signs Gas Price Gouging Law: “California Took on Big Oil and Won” | California Governor

Accuses 'big oil' of 'price gouging', scumbag raises taxes on gas in June.

Ladies and Gentlemen, your next president , Gavin pothole! 🤮

Daystalker

Dec 19, 2023

Replying to

it's pronounced Gel Douche

Java

Dec 19, 2023

Make money in what direction?

BigBallss

Dec 19, 2023

Replying to

I don't know yet 😂. Stocks across the board do well in declining rate environments. But financial stocks and real estate stocks prosper. I'm at the gym typing this in between sets. Doing arms today. These circus mirrors make my arms look freaking huge.

edit: Java, you know way more about stocks than I do. Ihave just been on a lucky run for afew years. But I have been low key nailing my predictions.

Edited

Java

Dec 20, 2023

Replying to

I am not good at equating oil prices to stock moves. Not sure there is one.

I do know that gas goes down when either supply rises or demand decreases. Both happen in recessionary times. And Biden and company aren't the types to push supply and drilling up

Daystalker

Dec 19, 2023

If they would take the ball gags out of our collective mouths we could thank them for these low low prices.

BigBallss

Dec 19, 2023

Replying to

I hear you. The California "road improvements " tax is over a dollar per gallon. I haven't been to a gas station in 5 years but they figured out a way to fuck me anyway via registration fee increases. I'm down for a tax revolt Venezuela style. Gasoline is free in Venezuela or "donation only" people there burn tires and revolt at the mere mention of having to pay for gasoline. Here we just take in the ass .