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Diesel Margins Top $100 a Barrel to Reach Record High as Supply Crunch Grows

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Re: Diesel Margins Top $100 a Barrel to Reach Record High as Supply Crunch Grows

#13

I think declaring the Straight of Hormuz a US territory will solve this problem.

How? Or was it sarcasm?

That's apparently the latest bright idea out of the White House.

And no, that's not out of The Onion.

Re: Diesel Margins Top $100 a Barrel to Reach Record High as Supply Crunch Grows

#14
highest Diesel price per gallon national average was $5.81 after covid June 2022

we are most certainly going to break that by the end of the year (it's $5.47 average today)

they are trying to use Strategic Oil Reserve (and maybe Venezuela) as a piggy bank

but all that's about to break badly, permanently

if this administration lets it go down to 70 million barrels despite the warnings by experts at 300 million, they'll never repair the damage

Re: Diesel Margins Top $100 a Barrel to Reach Record High as Supply Crunch Grows

#16
post #6

Earlier quoted context omitted.

It's very annoying that the cost of fixing all this and replenishing the stockpile is going to most likely fall on people who had little to nothing to do with it becoming such a big problem.

Just like any war, ever. This is why we don’t start wars, kids.

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Re: Diesel Margins Top $100 a Barrel to Reach Record High as Supply Crunch Grows

#17
post #14

highest Diesel price per gallon national average was $5.81 after covid June 2022 we are most certainly going to break that by the end of the year (it's $5.47 average today) they are trying to use Strategic Oil Reserve (and maybe Venezuela) as a piggy bank but all that's about to break badly, permanently if this administration lets it go down to 70 million barrels despite the warnings by experts at 300 million, they'l…

When you say “never repair the damage,” do you mean that the practicality of refilling the stores is impossible due to demand requirements, or something else I’m missing?

Re: Diesel Margins Top $100 a Barrel to Reach Record High as Supply Crunch Grows

#18
post #12

Earlier quoted context omitted.

How? Or was it sarcasm?

Personally I assume there was an implied /s at the end

Well, there's an unspoken rule in SV/HN circles about when the take Trump's idiocies seriously and when to ignore them.

For example, "Gulf of America" and "Department of War" you're supposed to take seriously, and all SV communications feature these prominently. Correcting someone about the fact that "The Department of War" doesn't exist will get you downvoted, but apparently you're not supposed to take "Straight of Hormuz is US territory" seriously? I'm am very bad at discerning this rule.

Re: Diesel Margins Top $100 a Barrel to Reach Record High as Supply Crunch Grows

#19
post #14

highest Diesel price per gallon national average was $5.81 after covid June 2022 we are most certainly going to break that by the end of the year (it's $5.47 average today) they are trying to use Strategic Oil Reserve (and maybe Venezuela) as a piggy bank but all that's about to break badly, permanently if this administration lets it go down to 70 million barrels despite the warnings by experts at 300 million, they'l…

[deleted]
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