But when tankers are blocked and attacked , or worse it'll get their attention as everything is increased , a lot.

Now the stock market doesn’t think the Mideast situation is anything to be concerned about

Then again, for the last two years the market essentially wrote off the trade war

I think the reason for the disconnect is due to the index funds

so far, tho i did fill up tonite expecting a price to increase...

✌🏼

I'm not sure how, considering gas prices go up any time someone sneezes in the Middle East.

where I pass on my way to work every day has gone up 13 cents/gallon in the past week.

However, I remember from the early 90s, when Iraq invaded Kuwait, my gas price went up 20 cents/gallon the very next day.

Trump makes his major moves, if he's not stopped. People like W, Chaney and Koch will see to it, at least until the lid blows.

Good perspectives here:

Oil prices continue to rise, U.S. stock futures retreat as Mideast tensions remain high
By Mike Murphy
Published: Jan 5, 2020 9:17 p.m. ET

Link: https://www.marketwatch.com/story/oil-prices-continue-to-rise-us-stock-futures-retreat-as-mideast-tensions-remain-high-2020-01-05?mod=home-page

(snips)

We need to get back to Impeachment and the election.

...that will just give more impetus for people to take up a Trumpian “we’re being strangled, so send in the troops, kick those Ay-rab* butts, and take OUR oil” narrative.

*Iranians aren’t Arabs, but that will be lost on them.

They’ll just blame the democrats and too many other people will suffer.

Has reshaped the oil industry. In the past ANY sign of instability in the middle east sent prices way up.

We depended on the Saudis to keep OPEC members in line. Mining the straits, drone strikes none of these had any effect on prices in the past year. Minor increases yes but nothing like the 80's or 90's.

I payed $2.70 gal yesterday. Average is $3.15.

All roads lead to Putin

Do tell

i've been through this before in 2003-7 with the oil spikes.

Offended is not the word I use in regards to this.

Wtf?

You do realize that price spikes to an inelastic commodity like fuel, causes the most harm to those in the worst financial shape? Right?
Perhaps not.

What's a few dead elderly folks who can't afford heat, right?

Guess he doesn’t care that this hurts more than just Republicans, nor does he seem to consider that this kind of thing gives the dotard reason to start drilling in wildlife ares.

Disheartening to see this kind of thing here.

Why would you hope for this?
The greatest impact would be on the people who can least afford it, is that what you want?

Maybe you didn't think this through carefully.

This is not the first such post I have seen like this. Smh.

to even make a dent in his support.

and it is offensive!

and Trump will open up the arctic for oil drilling

I don’t see either of those going away anytime soon.

I need to call LHEAP today for heating assistance.

It sucks having to call like its dialing for dollars, but you must do what you have to do.

Lets hope I get through quickly!

Thanks for the reminder from just one more near broke AmeriCAN!!!

I got through on my first try!

That wouldn't have happened if I hadn't seen your thread!

Gas so far is unchanged since last Friday in my area. But it went up .30/gallon shortly after Trump took office, blamed on fire at Colonial pipeline and then other things as I recall and gas has never come back down to where it was back then. But all the Trumpers I know have never complained once and in fact will tell you that gas is less, so I doubt they'll blame him this year.

You may have seen a spike of .30 shortly after Trump took office and maybe gas hasn't come back down to where it was before that, but on a national basis, the price of regular gas when Trump took office was around $2.30 a gallon. It stayed at around that level for several months before beginning a relatively slow ascent, peaking at around $2.94 in June 2018. After that it dropped again, bottoming out at $2.24/gallon in January 2019. Over the past year, it fluctuated, rising to almost $2.90 in May but dropping back into the $2.50-$2.55 range by the end of the year.

Yeah.... I'm not going with your "hope"

In the time Obama took office in 2009 until election day, the price of gas climbed from just under $2/gallon to around $3.75 on election day (down somewhat from a peak of nearly $3.90/gallon earlier that year. Yet Obama was reelected and the economy kept improving. Indeed, it wasn't until late 2014 that the price of gas finally broke, dropping from around $3.35/gallon in the third quarter to under $2.30 in the fourth quarter.

They won't give a shit about gas prices no matter how high they can get. They'll keep watching Fox News and listening to AM hate radio, and watching assholes like Hannity, Limbaugh and Pirro spin it into that it's always the other guy's fault. Now it's even worse because everyone has their own channel now and they can say whatever they want and there's no one to fact check them. :

I drive about maybe 10 miles a week.