You won't find this broadcast on the "news" propaganda channels.
One year ago, the price of West Texas Intermediate (WTI) crude oil was $86.43/bbl.
Just after the election, the price was $69.24, and it rose to $77.85 in December. Then it began falling, so that on March 31 it was $71.48 and today..........
Today............ta-da!!--following the tariff announcement--.............the price is $61.99/bbl.
Brent crude was pretty much the same pattern, from about $90/bbl in 3/24 to $75/bbl in October, with a little spike in mid-December, and now it is $65.58.
Wholesale gasoline now at $2.05, diesel (heating oil) at $2.08. States and municipals will plunder you buyers, of course. Retailers will be left with only a few cents/gallon.
Trump done good!
3 comments:
We'll let Billy Bob Thorton comment on this:
You want oil to live above 60 but below 90. And don't get me wrong, we're still printing money at 90, but... gas gets up over $3.50 a gallon, it starts to pinch. It hits a hundred, every product in America has to readjust its price. $78 a barrel, that's about perfect. You know, brings enough profit to keep exploring, but it don't sting as much at the pump.
Tariffs are good.
Explained in 7 minutes
Victor Davis Hanson explains Trump’s tariffs like no one else can.
https://x.com/FreyjaTarte/status/1908281098141892883
Maybe Billy Bob can explain why $30/bbl was fine and dandy in the '70's but it must be $60++/bbl now.
Perhaps the multitude of anti-petroleum laws, taxes, and regulations in the US?
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