Gas is up $.09 this AM, oil rose again - get ready

[Drahthaardogs]

I am an adherent of higher oil prices = Recession.

Prices should drop after Labor Day, not rise.

[Ohiogal]

1. It's nearly $3 a gallon here

Highest it's been for a long time. Several years, anyway.

[onecaliberal]

2. Nearly 4 dollars a gallon and more in some parts of the city.

[Achilleaze]

3. Thanks a diaperload, republicans

[bearsfootball516]

4. A recession may be in the works, but a nine cent rise in gas prices isn't a harbinger.

The gas where I live fluctuates between 2.60 and 3 per week. Usually goes down to 2.60, goes up slowly to 3 over the course of a week, goes back down to 2.60 over the next week, works its way back up to 3, etc.

If a recession was on its way after every time gas went up 9 cents, we’d be in a neverending recession.

[Drahthaardogs]

6. Oil prices have been steadily climbing (it helps Putin)

High oil prices are a huge contributor to slowing down an economy and bring about a Recession. Add in inflation, stagnant wage growth, and pay disparity and you have a shit storm brewing.

I'll bet you the shit hits the fan sometime around the 3rd quarter of 2020.

[JDC]

5. Maybe the hurricane is affecting prices

At least from an opportunistic standpoint, oil and gas has been known to adjust pricing based on natural disasters fairly consistantly.

[Ron Green]

7. Fossil Fuel Prices at the Pump Are Dirt Cheap

and have been always. It’s how we built this car-centric world, and how we will maintain it.

If we put a price on carbon, if gas prices got to $12 or $15 a gallon, behavior would change. But that won’t happen, so we’ll keep the world we’ve made.

[fescuerescue]

8. Hurricane caused major disruptions

I live a mile from a gasoline depot where gas is offloaded off a pipeline and onto trucks. It was shutdown for at least a day (probably due high winds), while at the same time, on wednesday evening 95% of the gas stations were totally out of fuel.

Given all that, Im surprised that gas only went up 9 cents.

(I'm in North Carolina)

[Drahthaardogs]

9. Oil prices have increased 65% under Trump.

When it tops 80 a barrel this winter things will start to slow down