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In reply to the discussion: So, gas at $5.00/gal? [View all]

ProfessorGAC

(76,452 posts)
11. No
Tue Mar 3, 2026, 08:51 AM
Yesterday

Yes, it's already going up.
Nothing rationalizes a $5 prediction.
North America is a net exporter, so Middle Eastern oil isn't needed here.
And, while it's a global market, direct purchase deals (ahead of markets) are made all the time.
Plus, the major US refiners also generate a substantial fraction of the crude used, so there is vertical integration.
As those refiners make money on both ends, they could raise gas prices. So, predicting an increase is logical.
A 90% increase at the pump is not

Recommendations

1 members have recommended this reply (displayed in chronological order):

So, gas at $5.00/gal? [View all] Aviation Pro Yesterday OP
Ugh, such is life during Operation Epic Tantrum. Hugin Yesterday #1
But ... but ... oppressed Iranian people, Dr. T Yesterday #2
Don't forget "greeted as liberators." Pinback Yesterday #3
That fat motherfucker Aviation Pro Yesterday #4
Seems odd it isn't up more... LetsGetSmartAboutIt Yesterday #5
The pre-election mar a lago meeting set the price mtngirl47 Yesterday #14
Pundits Saying US Oil/Gas Reserves modrepub Yesterday #18
epic tantrum. AllaN01Bear Yesterday #13
That's Operation Epstein Furry Maru Kitteh Yesterday #22
The name seems mutable right now. Hugin Yesterday #26
In a selfish sort of way I hope it does go to $5, screw the monster truck driving MAGATs groundloop Yesterday #6
Most other countries tax gasoline much more heavily than in the US MichMan Yesterday #8
I'm in Panama for the moment PJMcK Yesterday #16
Epstein/Trump "I did that" stickers, i couldn't find any. sunflowerseed Yesterday #7
A lot of rubes care about retail gas prices to the exclusion of anything else.. LeftinOH Yesterday #9
According to AAA, it is up 11 cents since yesterday Wiz Imp Yesterday #10
No ProfessorGAC Yesterday #11
There is nothing rational about any of this Aviation Pro Yesterday #12
Just Stop ProfessorGAC Yesterday #17
OK GenThePerservering Yesterday #19
Might want to readjust your thinking Aviation Pro Yesterday #24
Ended up down about 1% or less. MichMan 20 hrs ago #30
$5 a gallon gas would not be anywhere close to a 90% increase Wiz Imp Yesterday #21
AND DONT BLAME CALIFORNIA as it is part of rs sport. AllaN01Bear Yesterday #15
I paid $4.19/gal. last Thursday. Yesterday, I paid $4.39 for the same gas at the LoisB Yesterday #20
So far gas has not gone up here, it was $2.79 the day IT took office and it doc03 Yesterday #23
2.49 at Costco last week Aviation Pro Yesterday #25
"Almost a 20% increase" MichMan Yesterday #27
Because I hit the 2 instead of the 1 Aviation Pro Yesterday #28
Station by our house went up 50 cents a gallon yesterday. progressoid Yesterday #29
Been a couple of days, but it was up from circa 3.959 to $4.509 or so around Seattle...nt Wounded Bear 20 hrs ago #31
I diddled that lame54 20 hrs ago #32
This message was self-deleted by its author PeaceWave 20 hrs ago #33
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