I think Biden and his socialist morons are going to be an economic disaster very soon. I'm loading up on HUV to cash in on it!

Gas prices here are all over the place. By new house an Esso station is at $1.44 per liter. Less then two miles away another Esso is at $1.40 per liter. My soon to be old town is $1.37 per liter. My neighboring town without the transit tax is usually .20cents cheaper, but its $1.35 per liter there.....

I filled the truck and all of my gas cans last week at $2.29 which was the cheapest I'd seen in awhile. The owner told me it was good timing because his cost just went up .32/gallon. Sure enough prices are steadily rising. Closing Alaska's north slope to oil drilling really hurt Alaska. Their economy is very dependent on keeping the pipeline flowing (my family lives in Alaska). It's going to be a long four years.

Everybody can work on electric as much as they want but the battery technology is where its hitting a wall. The battery technology exists but its nowhere near cost-effective. The other big scam is wind. I worked in composites for a long time and the blades are constructed cheaper than a Bayliner. What all the "Green" folks think when they see a windmill is quiet, safe energy. But the truth is the tower is costly and the blades are a joke. Once the blades meet their hour requirement on fatigue they are disposed of in a landfill - how in the heck is that green? Three 100 yard blades tossed in a dump - WTF?

Personally, I still think Hydrogen is a better alternative.

Then there is the 800 pound gorillas China and Russia. They arent in a hurry....

I know 3 friends that worked in the oil fields of ND and have all lost their jobs in the last 3 years. The manufacturing of fracking related equipment has been in a recession for the last 3 years as well. There is plenty of domestic oil already capped and ready for market, whenever the owners of those wells get a price thats acceptable. However, for the last 10 years consumption has decreased due to a combination of fuel economy standards, efficiency improvements in aerospace and fleet vehicles, and expanded use of renewables. All of these continuing trends will drive the cost of fuel lower, due to the simple economic idea of supply & demand. Once travel ramps up I would expect fuel demand to also follow, since air travel accounts for nearly 40% of our national consumption of fuel. So all of this talk of pipelines and north slope closures causing a jump in prices is just BS, when the oil producers were already decreasing production capacity 3-4 years ago, due to lowered demand. And you should look to major oil producing economy's for how things will be trending. For example, Saudi Arabia is and has been transitioning it’s economy away from oil for over 5 years, due to year over year decreases in demand. They plan on being a major player in the semi-conductor industry moving into the future. What seems to be our problem in America with having this kind of foresight?

Well, when you're already at the bottom as we are now, rebuilding always brings more prosperous times. It only took 4 years to destroy our economy, hopefully the old adage isn't true in that it will take twice as long to rebuild.

Really? The last four years have been good to me and to America in my opinion.

Saudi Arabia??
What do they have besides oil? They depend on the sale of it for everything. The US depends on it to fuel our already extremely diversified ecomomy.

They have a lot of silica, for making semi conductors. And the other reason oil is so low is due to oil producing nations wanting to get as many combustion engines on the road so they can float their income while they transition.
Also, hate to break more bad news to you but the automakers no longer want to make engines & transmissions anymore because they see much more profit in electric due to approx 60% less components to manufacture and warranty.

Well on the manufacturing side of things which I am in, we have been in a recession for the last 3 years. My wages have decreased year over year for the last 3, and my taxes have increased because I have to pay full price, due to the fact that my home is paid for and no kids to use as socialist coupons for deductions. And the price of everything has gone up due to the tariffs levied on all goods, with the exception of gas being lower.

12 years if you look at it from an investors point of view. Full employment--record stock prices--building boom--and so forth!
China took a different tact on their coronavirus response and their economy is starting to roll driving record commodity prices. When US manufacturing ramps up further it will just add to the current shortages.

https://www.forbes.com/sites/timtrea...h=7187fd1318a6

If you are looking for gas prices to fall prepare to be disappointed IMHO-- The first thing taught in Economics 101 is the law of supply and demand--there was an over supply when the world was on lockdown and that is coming to an end.