Psssst…. Gas prices are falling!!!!

[Green_Mountain]

Originally Posted by eyecu2

Explain to us how POTUS has been responsible for ANY PENNY of influence. Realistically, the POTUS could refill strategist reserves or release from the same. No drilling is happening due to any policies. It only is affected by oil prices, and locations. Permian or oil shale plays are 180 degree difference . There is a company (Phoenix Energy) up in the Dakota sands offering 9-13% on bonds...sold 3 million barrels which isn't much to invest in at 10% bonds. They own a dozen holes and equipment at high costs and selling oil bellow profit levels....inferior oil as well. Lots of sulfer It's far better to own southern wells and those like re-production wells by fracking in tx or Ok.

Tell us what Trump did to make gas or oil prices go down? Is it steeling tankers off Venezuela??

There’s about 30 pages trying to blame Trump for gas prices.

Well until gas prices go down and then the narrative changes as usual.

And eye, please don’t forget “you’re red hat”.

[jayzee43]

Originally Posted by txdot-guy

Oil prices are expected to fall further in 2026 to as low as 51 a barrel.

Expect prices to stay low unless a Venezuela or Ukraine war escalates.

Welp... trump just fucked all that up.

[Green_Mountain]

Originally Posted by jayzee43

Welp... trump just fucked all that up.

Tell us about it.

Trump should have allowed a dictator, accused of global crimes, sending drugs to the US, etc to remain in power.

You should hurry and go fill up ASAP.

[Green_Mountain]

Originally Posted by jayzee43

Welp... trump just fucked all that up.

Woah! This was just posted by longtime Dem, Bill Ackman, who is now probably considered far right by some.

Is Jayzee wrong, again?

“The removal of Maduro will lower oil prices, which is good for America and very bad for Russia.

A weaker Russian economy will increase the probability that the war in Ukraine ends sooner and on more favorable terms for Ukraine.

And Putin will be sleeping in his safe room from this point going forward.”

https://x.com/BillAckman/status/2007...342892514?s=20

[txdot-guy]

Originally Posted by Green_Mountain

Woah! This was just posted by longtime Dem, Bill Ackman, who is now probably considered far right by some.

Is Jayzee wrong, again?

“The removal of Maduro will lower oil prices, which is good for America and very bad for Russia.

A weaker Russian economy will increase the probability that the war in Ukraine ends sooner and on more favorable terms for Ukraine.

And Putin will be sleeping in his safe room from this point going forward.”

https://x.com/BillAckman/status/2007...342892514?s=20

Unfortunately we still have no idea how things are going to work out in Venezuela yet. Things are likely to get worse before they get better.

And the one thing I do know is that disruption in the world’s oil supply rarely leads to lower prices at the pump.

P.S. The war in Ukraine will end because the US has stopped supplying arms, ammunition and other support to the Ukrainian people.

[Yssup Rider]

Originally Posted by txdot-guy

Unfortunately we still have no idea how things are going to work out in Venezuela yet. Things are likely to get worse before they get better.

And the one thing I do know is that disruption in the world’s oil supply rarely leads to lower prices at the pump.

P.S. The war in Ukraine will end because the US has stopped supplying arms, ammunition and other support to the Ukrainian people.

And tens of thousands more will die.

Which other countries' oil industry was built by US oil companies? Expect those to be the next targets. (do they have oil in Greenland? Cuba?)

[bambino]

Originally Posted by Yssup Rider

And tens of thousands more will die.

Which other countries' oil industry was built by US oil companies? Expect those to be the next targets. (do they have oil in Greenland? Cuba?)

Millions will die!!!!


BAHAHAHA

[lustylad]

Originally Posted by txdot-guy

And the one thing I do know is that disruption in the world’s oil supply rarely leads to lower prices at the pump.

That's because "disruption" usually means a major producer stops supplying oil to world markets. In Venezuela's case, a change of government is likely to result in MORE global supply, not less. Once everything stabilizes, they can increase production to 2-3 million barrels per day from the currently depressed level of only 900k bpd.

[jayzee43]

Originally Posted by lustylad

That's because "disruption" usually means a major producer stops supplying oil to world markets. In Venezuela's case, a change of government is likely to result in MORE global supply, not less. Once everything stabilizes, they can increase production to 2-3 million barrels per day from the currently depressed level of only 900k bpd.

Lol. "Once everything stabilizes". Good luck with that. Nothing in Venezuela will be "stable" any time soon.

But I'm sure you'll just look at gas prices going up again as the "price of freedom" or some shit. MAGA loves that chest pounding, flag waving nonsense.

[nycinthusiast]

Originally Posted by lustylad

You nailed it, NYC.

First, they accused trump of failing to lower gas prices, as promised. Now that gas prices are indeed softening across the nation, they're changing their tune and saying it's only because the economy is headed for a recession lol.

Unfortunately for Democrats (but happily for everyone else), the economy is still growing robustly. Real GDP expanded at an annual rate of around 3.5% in the third quarter (Atlanta Fed estimate) and is likely to close the fourth quarter with a further gain of 2.0% (with much of the slowdown due to Chucky Schumer's 43-day government shutdown).

The "Big Picture" point to remember is:

- Democrats are rooting for higher gas prices and a nasty recession.

- Republicans, by contrast, are working hard to deliver lower gas prices and stable, non-inflationary economic growth.

.

You are also trying to assign blame, you just wear the color red and stamp R on your head instead of wearing Blue with a D on your cap. Smh

[txdot-guy]

Originally Posted by lustylad

That's because "disruption" usually means a major producer stops supplying oil to world markets. In Venezuela's case, a change of government is likely to result in MORE global supply, not less. Once everything stabilizes, they can increase production to 2-3 million barrels per day from the currently depressed level of only 900k bpd.

I fail to see how increasing the oil supply will help things.

Lowering crude prices will create economic instability in petrostate economies. It will depress the oil market in the United States closing low producing wells and inhibiting new oil exploration. Yet global oil companies will still prosper by moving production from the United States to Venezuela instead.

This all has the potential to keep gas prices low but also has the potential for instability in the US oil and gas sector.

[lustylad]

Originally Posted by txdot-guy

I fail to see how increasing the oil supply will help things.

I wasn't making a judgment about whether (or who) it will hurt or help. I was merely explaining why this particular "disruption" (unlike, say, the 1973 OPEC embargo or the 1979 Iranian revolution) is unlikely to result in higher prices and more likely to usher in lower prices at the pump.

[lustylad]

Originally Posted by nycinthusiast

You are also trying to assign blame, you just wear the color red and stamp R on your head instead of wearing Blue with a D on your cap. Smh

That's all you got? I just try to follow the economic data, without fear or favor and without wearing a red or blue cap.

And if I attribute part of the likely 4Q slowdown in GDP growth to the 43-day federal government shutdown, I am applying the same methodology as every other objective, non-partisan economist. Smh.

[txdot-guy]

Originally Posted by lustylad

I wasn't making a judgment about whether (or who) it will hurt or help. I was merely explaining why this particular "disruption" (unlike, say, the 1973 OPEC embargo or the 1979 Iranian revolution) is unlikely to result in higher prices and more likely to usher in lower prices at the pump.

I agree.

[Green_Mountain]

Bump.

Today's national average gasoline price (January 7, 2026) is approximately $2.83 per gallon. On Trump's inauguration day (January 20, 2025), it was $3.125 per gallon.

This represents a decrease of $0.295 per gallon, or about 9.4% lower.