What is happening to the price of gas?

[Codebreaker]

Here in the south it's below $3 a gallon. Oil is down below $68 a barrel. VP Harris has only been running for 6 weeks and gas prices at the pump have plummeted. We are heading to where prices were when covid drove prices to $2, I guess Biden's plan to drill baby, is working brilliantly

 

[Codebreaker]

The fed is about to cut interest rates also which will further feed into our narrative, Biden and Harris are popular with Americans, no wonder she won Florida.

 

[Bozzie]

this...Joe trades oil like no other president ever....He mastered oil trading..

Pretty amazing stuff and this is the main reason gas is cheap.

This is way over the head of the MAGA crew here..enjoy

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www.nasdaq.com

 

[Codebreaker]

Yes, he owned Opec and Saudi in particular. Once Trump was forced to stop lying and acknowledge Covid, in March of 2020, was here in America, he issued a State of emergency, the March crude oil futures contract traded to -$54 dollars a barrel on that March expiration.

I have never seen anything like that, having managed assets for decades. The cash market fell but remained positive. Opec got crushed hedging the forward contracts. That left them vulnerable to our SOR and that is when Biden took over and crushed their nuts while growing our production to record levels here in the US.

Of course MAGAt's have no idea what any of this means. they should watch the video but sadly it will be a waste of their time.

 

[roadreeler57]

 

[Acebb]

Pretty amazing stuff and this is the main reason gas is cheap.

Gas is 61% higher than it was 7 years ago.

You people really are something else.

 

[Acebb]

Here in the south it's below $3 a gallon. Oil is down below $68 a barrel. VP Harris has only been running for 6 weeks and gas prices at the pump have plummeted. We are heading to where prices were when covid drove prices to $2, I guess Biden's plan to drill baby, is working brilliantly

The average regular gas price in the U.S. as of Oct. 17 is $3.196 per gallon.
The national average is 11 cents higher than it was at the start of the year.

Great take, genius.