Gasoline costs 50% more in the US than it did before the Iran war

[BumRushDaShow]

10. For some bizarre reason (and I think it was because of the oil drama going back to 2020 when crude went "negative" )

I subbed to MarketWatch.

Here is the 52-week plot of WTI snapshot with the reading at 9:09 am ET (after the "pause" drop, and then the expected "threaten to blow the house down" utterance this morning, where it's creeping back up again) - https://www.marketwatch.com/investing/future/cl.1?gaa_at=eafs



(the range was $54.98 - $119.48 from May '25 to May '26)

And the as of 9:20 am ET reading, you can see where it was down in the upper $80s at the open early this morning and as "water seeks its own level", it's back up in the mid-$90s now.



ETA - the general "breakevens" for the frackers is in the $60 - $70/bbl range -

(Mar 2025)

(I blame you guys for me doing this!! )