Economic Impacts of Iran War
05-03-2026 | 06:13 PM
#1491
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Joined: Jul 2021
Posts: 621
Likes: 47
Cali and Alaska pull national average up and there is no way for a gulf coast or midwest sate to offset that.
Easy to disproportionally have higher prices, not easy to have disproportionally lower prices to offset an average.
05-03-2026 | 06:17 PM
#1492
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Joined: Nov 2017
Posts: 3,504
Likes: 674
CA, HI and AK skew the prices horribly. Median price would be better. HI and AK have logistics issues getting fuel there (shipping costs are nuts). CA is self inflicted.
05-03-2026 | 06:52 PM
#1493
Gets Weekends Off
Joined: Apr 2011
Posts: 3,488
Likes: 137
$7 diesel…. What State do you live in. Where Im at on these days off, diesel is $2.00 less than that. Where my wife’s folks live, price for 87 OCT is $3.79. What’s the price where you’re at?
I posted this before, if you eliminate CA from the equation, West Coast average prices immediately drop $0.40.
I posted this before, if you eliminate CA from the equation, West Coast average prices immediately drop $0.40.
05-03-2026 | 07:16 PM
#1494
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Joined: Feb 2013
Posts: 941
Likes: 250
From: A320
Probably 40 states have an average price below the national average.
Cali and Alaska pull national average up and there is no way for a gulf coast or midwest sate to offset that.
Easy to disproportionally have higher prices, not easy to have disproportionally lower prices to offset an average.
Cali and Alaska pull national average up and there is no way for a gulf coast or midwest sate to offset that.
Easy to disproportionally have higher prices, not easy to have disproportionally lower prices to offset an average.
05-03-2026 | 07:21 PM
#1495
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Joined: Dec 2007
Posts: 6,193
Likes: 254
I’ve already said in the 61 day June/July timeframe. My prediction, oil will be in the $70’s sometime in June or July. Gas, which is always slower, who knows. In CA it will be slow as molasses to come down because, well, we all know why….. Oklahoma, it’ll be back to the low $2.00 much quicker.
answer this question… when does oil hit $150, furloughs occur and a/c deliveries get cancelled.. that was some of the narrative when this thread started.
answer this question… when does oil hit $150, furloughs occur and a/c deliveries get cancelled.. that was some of the narrative when this thread started.
Oil hits $150 this summer. $200 possibly by year end
05-03-2026 | 07:59 PM
#1496
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Joined: Oct 2023
Posts: 491
Likes: 289
I’ve already said in the 61 day June/July timeframe. My prediction, oil will be in the $70’s sometime in June or July. Gas, which is always slower, who knows. In CA it will be slow as molasses to come down because, well, we all know why….. Oklahoma, it’ll be back to the low $2.00 much quicker.
answer this question… when does oil hit $150, furloughs occur and a/c deliveries get cancelled.. that was some of the narrative when this thread started.
answer this question… when does oil hit $150, furloughs occur and a/c deliveries get cancelled.. that was some of the narrative when this thread started.
05-03-2026 | 08:19 PM
#1497
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Joined: Nov 2011
Posts: 4,164
Likes: 90
From: Volleyball Player
I live in a non cheap state (NJ) where we can't even pump our own gas, and today I paid $5.06 for Diesel at the Speedway less than 2 miles from EWR. Yesterday I filled the wife's car for like $4.24 (87 octane)
CA, HI and AK skew the prices horribly. Median price would be better. HI and AK have logistics issues getting fuel there (shipping costs are nuts). CA is self inflicted.
CA, HI and AK skew the prices horribly. Median price would be better. HI and AK have logistics issues getting fuel there (shipping costs are nuts). CA is self inflicted.
05-03-2026 | 08:46 PM
#1498
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Joined: Aug 2015
Posts: 2,630
Likes: 570
From: Guppy Gear Slinger
Oil has been marching steadily higher since the war began. The world is only just now beginning to experience the consequences of shutting down the straight. It takes weeks for tankers to cross the ocean. The real question that needs to be answered is; when do prices reverse course? If the straight opens today, it’s months to get ships back into position & we don’t have a ton of information about how much infrastructure has been destroyed or damaged or how long repairs will take. Not sure on what planet oil prices will be $70 by July.
05-04-2026 | 03:32 AM
#1499
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Joined: Aug 2022
Posts: 865
Likes: 156
05-04-2026 | 03:40 AM
#1500
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Joined: Aug 2022
Posts: 865
Likes: 156
mine is “in the $70’s, not $70.” All it’s going to take is some SoH announcement that will have an immediate 15% drop, again, just like last month. Ships are already heading to our Gulf of America ports. When the SoH is fully functional that will just add to the return of oil to markets. Between both locations, the rebound will be quick.
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