Harry Le Hermit
Member
That could be said for a lot of the world's ills. As that old saying goes... "the road to hell, is paved with good intentions."
U.S. pump prices and projections
- Thread starter Harry Le Hermit
- Start date
horseless carriage
Well-known Member
UK fuel duty is charged at a flat rate of 52.95 pence per litre for both petrol and diesel. In addition to this, 20% Value Added Tax is charged on top of the product price and duty combined, meaning tax (duty + VAT) typically accounts for over 50% of the total price per litre paid at the pump. There's three and three quarter litres in a US gallon.
StarSong
Awkward is my Superpower
- Location
- Sunny Southern California ♥
Yeah, silly us to consider air pollution and climate change as serious health and planetary problems.
Guess we're just a bunch of crazy hippies.
RambleTamble
Senior Member
- Location
- U.S.
Traders placed over $1bn in perfectly timed bets on the Iran war. What is going on?
Sixteen bets made $100,000 accurately predicting the timing of the US airstrikes against Iran on 27 February. Later, a single user would make over $550,000 after betting that Ayatollah Ali Khamenei would topple, just moments before his assassination by Israeli forces. On 7 April, right before Donald Trump announced a temporary ceasefire with Iran, traders bet $950m that oil prices would come down. They did.
These bets and other well-timed wagers accurately predicted the precise timing of major developments in the US-Israel war with Iran, creating huge windfalls and raising concerns among lawmakers and experts over potential insider trading.
Traders placed over $1bn in perfectly timed bets on the Iran war. What is going on?
How much do you want to bet that no one will be prosecuted?
Sixteen bets made $100,000 accurately predicting the timing of the US airstrikes against Iran on 27 February. Later, a single user would make over $550,000 after betting that Ayatollah Ali Khamenei would topple, just moments before his assassination by Israeli forces. On 7 April, right before Donald Trump announced a temporary ceasefire with Iran, traders bet $950m that oil prices would come down. They did.
These bets and other well-timed wagers accurately predicted the precise timing of major developments in the US-Israel war with Iran, creating huge windfalls and raising concerns among lawmakers and experts over potential insider trading.
Traders placed over $1bn in perfectly timed bets on the Iran war. What is going on?
How much do you want to bet that no one will be prosecuted?
Wombat
Member
- Location
- Wollongong
I noticed on my walk this morning that the price of diesel had fallen below $3 for the first time since this idiotic war began.
Harry Le Hermit
Member
The difference a few days can make. There was a potential for <$4 per gallon national average, this week... now a bit of a reversal.
Global consumption appears to be weakening, as the industries in East Asia are already restricting operations to forestall the anticipated shortages. Most of the Persian Gulf crude flows to this region and the tail end of those deliveries from the March 6th closure have arrived. The issue now being the release of reserves, which in large part are in the wrong locations.
Example would the expected 400M barrels of reserves, include 170M barrels from the U.S. SPR. The latter being capable of a max 1 million barrels per day release.
After all the talk of what might happen... we will now find out exactly what happens. While we in the U.S. might focus on the pump price and its relation to a global commodity... there are other aspects of our economy, that are also tied to the global economy. Probably need to focus on what impact it will have on each of us as individuals, imo. IYKYK!
Global consumption appears to be weakening, as the industries in East Asia are already restricting operations to forestall the anticipated shortages. Most of the Persian Gulf crude flows to this region and the tail end of those deliveries from the March 6th closure have arrived. The issue now being the release of reserves, which in large part are in the wrong locations.
Example would the expected 400M barrels of reserves, include 170M barrels from the U.S. SPR. The latter being capable of a max 1 million barrels per day release.
After all the talk of what might happen... we will now find out exactly what happens. While we in the U.S. might focus on the pump price and its relation to a global commodity... there are other aspects of our economy, that are also tied to the global economy. Probably need to focus on what impact it will have on each of us as individuals, imo. IYKYK!