U.S. pump prices and projections

WhatInThe said:
I't's not a war between 2 nation states who think similarly or have more common interests. Here the combatants think differently, have different goals and priorities. This isn't about territory or politics. That's one of the reasons 'a' deal cannot be reached. This 'war' or action should've been war gamed better.
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In reality, it's not even a US war. This is an Israeli war that roped the US in. There was no immediate threat that has been articulated. There is no credible evidence that Iran was anywhere near having a nuclear weapon (not have they been for over 20 years). This is an ideological war. This is a religious war.

I think for some, that's enough justification.
 
Wombat said:
It is certainly a win at the moment but I think China is the only long term winner.
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Not sure about China, but certainly Russia is winning, with a lot of Asian countries ponying up to Russian crude, much to the chagrin of the EU. Not sure if the EU will fold by this winter, as Natural Gas storage is below previous years at this stage and the injection into storage is substantially below previous years pace. Maybe they think this coming winter will be pleasant... I dunno.
 
Down 11 more cents to $3.79! That's down 28 cents from the peak. I put 2.11 gallons in my mortorcycle for $8 bucks. If it keeps going down like this they will be giving away the gas for free by the end of summer!:)
 
After 4 weeks straight, of increased gasoline consumption... there was a slight pull back in the latest report. Not enough evidence to suggest a trend, imo.
The gasoline futures indicate that brief respite in pump prices might be over, but not a lot of upward pressure at this time.

Seems many are trying to determine the so called demand destruction in Asia and the changes in coal pricing, as some of those countries are rapidly switching over. Simultaneously, the type of coal might be indicative of industrial production easing... especially in steel production.

Still a confusing mixed bag, with non-coking coal going up in price and coking coal starting to ease off. Signs, signs, everywhere signs.
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This isn't about fuel but relates to the cost of delivery of Goods that will compound the effect of of fuel costs already working it's way through the pipeline.
 
Calboybob said:
This isn't about fuel but relates to the cost of delivery of Goods that will compound the effect of of fuel costs already working it's way through the pipeline.
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Truck brokers work off a % of the rate. The rate is controlled by supply and demand. Freight brokers might be a little less profitable because they might have to buy insurance, but it won't affect rates in the least. The truck already carries insurance so any insurance the brokers might need to carry is only going to be needed in a very few cases, hence making the insurance inexpensive.

One thing we'll never run out of is truck brokers.
 
againstthegrain said:
Truck brokers work off a % of the rate. The rate is controlled by supply and demand. Freight brokers might be a little less profitable because they might have to buy insurance, but it won't affect rates in the least. The truck already carries insurance so any insurance the brokers might need to carry is only going to be needed in a very few cases, hence making the insurance inexpensive.

One thing we'll never run out of is truck brokers.
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While you might not run out of " brokers " ( time will tell ) a trucker with insurance doesn't stop brokers from being drug into tort cases and found liable for damages anymore. You see the case that changed things was a broker who was drug into the case and they thought they weren't going to be held liable. The Supreme Court said they are, not just a few of the, all the judges. Every single one of them.

Lawyer love that. They love deep pockets, and the more the merrier. Insurance companies know that and they will make money and the lawyers will make money and it will all be passed down the food chain just like the fuel cost and the fertilizer costs and the regular inflation that goes on all the time. Now low rated trucking companies, those guys are going to get pushed out because the brokers are trying to cover their ass. It will be interesting and costly. We always get the bill. :) Have a great day.
 
  • Tomatoes: Soared nearly 39.7% annually.
  • Lettuce: Up 7.9% annually.
  • Citrus: Increased 6.5% annually.
  • Bananas: Rose 4.0%.
  • Apples: Up 3.1% annually.
  • Potatoes: Fell 3.0% annually.
" driven by rising fuel and supply chain costs " " the annual inflation rate for fresh fruits and vegetables is running at" 6.5% year-over-year
 
Calboybob said:
  • Tomatoes: Soared nearly 39.7% annually.
  • Lettuce: Up 7.9% annually.
  • Citrus: Increased 6.5% annually.
  • Bananas: Rose 4.0%.
  • Apples: Up 3.1% annually.
  • Potatoes: Fell 3.0% annually.
" driven by rising fuel and supply chain costs " " the annual inflation rate for fresh fruits and vegetables is running at" 6.5% year-over-year
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Produce is priced by supply and demand, not nebulous "supply chain costs" or fuel prices. Somehow potatoes are immune from those factors and they got cheaper.........makes one think a bit doesn't it, well at least it should.
 
againstthegrain said:
Produce is priced by supply and demand, not nebulous "supply chain costs" or fuel prices. Somehow potatoes are immune from those factors and they got cheaper.........makes one think a bit doesn't it, well at least it should.
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" White House Says China Agreed To $17 Billion Annual Commitment To Purchase Agri Goods " ~ zero hedge here's some demand for ya :)
 
Holy Tamales! It jumped up 40 cents since the last time I checked. It's now at an Iran war high of $4.18! Guess I made a good investment when I topped off my tank when it was $3.78!:)
 
Give peace a chance. That seems to be the headline, as crude fell today, as well as gasoline and diesel futures. Seriously tho... demand destruction seems to be settling in, as the past week's demand fell a heathy amount. Still too early to see a trend, but diesel, gasoline and jet fuel... all held their inventory numbers, or gained a bit. Put that bit of information in the old peace-pipe and smoke it.

However, that does not translate to significantly lower prices at this point, imo.
 
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