Oil Slick Stuff

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So the week of 4/27/20 gas around me was $1.39 to $1.45. Today around me is $1.89. What the heck happened? They were saying gas might drop below a dollar a few weeks ago.
 
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Gas within a 5 mile radius from my house is $1.83 to $2.29 per gallon. The gas stations in and around a mile or so average $2.09 per gallon.
 
Gas jumped 20 cents today. Between $2.35 and $2.39 per gallon in and around me. If I want to drive 5-7 miles I can find gas between $2.07 and $2.19. The most expensive is near the airport at $2.45.
 
Coming to a town near you - Supply will be down but demand will increase, aka, oil/gasoline prices will be higher.

Nobody wants to invest in the big bad oil industry because "it's doomed" and is "not a long term solution". ESG investing has made oil once again the corporate villain. Oil companies need to get it together and stop worrying about the 5-10% dividend. A demand boom is coming.
 
Bullitt said:
Coming to a town near you - Supply will be down but demand will increase, aka, oil/gasoline prices will be higher.

Nobody wants to invest in the big bad oil industry because "it's doomed" and is "not a long term solution". ESG investing has made oil once again the corporate villain. Oil companies need to get it together and stop worrying about the 5-10% dividend. A demand boom is coming.
Click to expand...
Maybe!
 
Gas around me almost looks like it changes price every couple of days. It used to be a week or two or three before the price changed up or down. Goofy market right now.
 
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