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CapnSteve

(420 posts)
6. Yes, but...
Mon Jun 15, 2026, 12:55 PM
19 hrs ago

….I would argue that all those influencers on gas prices that you list are weak influencers. The strong influencer is what the market will bear. Also, I was focusing on the general consumer, not, for example, airlines who buy up fuel futures to hedge against rising prices (as SWA did successfully a few years back).

Regarding oil speculation (which is the same as stocks, orange juice, etc.) - there is the argument that the US should identify oil as a strategic resource and limit futures trading of it. That would have a stabilizing effect on the price of oil.

Not to distract from the original purpose of the OP: to highlight why the price of a barrel of oil is disconnected from the price of gas.

Recommendations

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

👍 Rec'd underpants 19 hrs ago #1
Excellent explanation gab13by13 19 hrs ago #2
And the media will kacekwl 19 hrs ago #3
They will keep the price as high as possible for as long as possible GreatGazoo 19 hrs ago #4
Great detail! CapnSteve 19 hrs ago #5
Yes, but... CapnSteve 19 hrs ago #6
Same goes for groceries, imported items, restaurant food, TexasBushwhacker 18 hrs ago #7
Well done. Thank you. ❤️ littlemissmartypants 18 hrs ago #8
The same thing is taking place popsdenver 18 hrs ago #9
The price of gas is based on how much oil companies can get away with dlk 17 hrs ago #10
If the "new normal" doesn't come down, how does one explain this: onenote 17 hrs ago #11
These repuke oil companies are making massive amounts of money off our suffering. kimbutgar 17 hrs ago #12
We passed peak oil use IbogaProject 17 hrs ago #13
If it's been 6 months, it isn't temporary. It's just life now... OC375 17 hrs ago #14
After I retired from regular job multigraincracker 16 hrs ago #15
Excellent! That is another thing... CapnSteve 1 hr ago #18
they sure don't waste any time jacking those prices UP Skittles 14 hrs ago #16
After 911 I_UndergroundPanther 7 hrs ago #17
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