Will the rising oil prices kill the economy?

[Rude196]

Ask North Korea how they like it...

Are you sure you want to use them as an example? Think about it

[unknown angler]

Renegotiate or trash nafta is a start. China is a bit stickier problem due to the bending over by the past four administrations. The good news is that we likely have the greatest mind ever in that position now and quite frankly succeeding more YUGELY than anyone could ever imagine. Just goes to show how terrible the past four have been!

Trying to comprehend this post is like clapping with one hand.

[Rude196]

Trying to comprehend this post is like clapping with one hand.

I have seen that somewhere before. Didn't make sense then and still doesn't. Who would try and clap with one hand or better yet who would know what it is like

[BigSexyPhoenix]

Are you sure you want to use them as an example? Think about it

I think it makes some of these guys sad that we don't have to kiss the butt of China and Mexico now.

[okhawg]

Really? That really stings because I usually buy a new washer and dryer every three to four days...

Its gonna wipe out all my $6000 in savings, guess I’ll quit the washer of the week club.

[DennisMH&F]

Let's see, who benefits from higher gas/oil prices: Saudi Arabia, Russia and US domestic producers (Texas, Oklahoma, Alaska) and shareholders of oil stocks. What do they all have in common, friends of Trump. Pass a big corporate tax cut and a modest break for all citizens (but heavily weighted to the rich) then raise gas prices which hit the middle class (especially the working guy and farmers). Yes it may be a conspiracy theory but you can usually follow the money. Happy for you guys in the oil and gas industry but it sucks for the rest of us.

[TMG]

Trying to comprehend this post is like clapping with one hand.

Hey that's my line.

[Rude196]

Let's see, who benefits from higher gas/oil prices: Saudi Arabia, Russia and US domestic producers (Texas, Oklahoma, Alaska) and shareholders of oil stocks. What do they all have in common, friends of Trump. Pass a big corporate tax cut and a modest break for all citizens (but heavily weighted to the rich) then raise gas prices which hit the middle class (especially the working guy and farmers). Yes it may be a conspiracy theory but you can usually follow the money. Happy for you guys in the oil and gas industry but it sucks for the rest of us.

Lol. I would ask everyone to research who were buying out the little start ups during zero, I'm positive you will see OPEC all over it because zero sold them out by devastating regulations. You can bet on OPEC taking your clean air and water seriously

[n2ratfishin]

Let's see, who benefits from higher gas/oil prices: Saudi Arabia, Russia and US domestic producers (Texas, Oklahoma, Alaska) and shareholders of oil stocks. What do they all have in common, friends of Trump. Pass a big corporate tax cut and a modest break for all citizens (but heavily weighted to the rich) then raise gas prices which hit the middle class (especially the working guy and farmers). Yes it may be a conspiracy theory but you can usually follow the money. Happy for you guys in the oil and gas industry but it sucks for the rest of us.

Feb 2014 the average was 3.45.

Give the Trump deal a break.

[Partie Deux]

Let's see, who benefits from higher gas/oil prices: Saudi Arabia, Russia and US domestic producers (Texas, Oklahoma, Alaska) and shareholders of oil stocks. What do they all have in common, friends of Trump. Pass a big corporate tax cut and a modest break for all citizens (but heavily weighted to the rich) then raise gas prices which hit the middle class (especially the working guy and farmers). Yes it may be a conspiracy theory but you can usually follow the money. Happy for you guys in the oil and gas industry but it sucks for the rest of us.

I can't wait for Trump to call me and ask me to dinner at the Whitehouse since I own a few shares of Exxon Mobil...You know, since we are friends...

[grout-scout]

Let's see, who benefits from higher gas/oil prices: Saudi Arabia, Russia and US domestic producers (Texas, Oklahoma, Alaska) and shareholders of oil stocks. What do they all have in common, friends of Trump. Pass a big corporate tax cut and a modest break for all citizens (but heavily weighted to the rich) then raise gas prices which hit the middle class (especially the working guy and farmers). Yes it may be a conspiracy theory but you can usually follow the money. Happy for you guys in the oil and gas industry but it sucks for the rest of us.

Yes it sucks for us (I live in Texas and it still sucks for me) and yes that’s a total conspiracy theory that I doubt.

I also own Exxon stock and the higher oil prices still suck.

[Buccaneer]

Listen to Cramer folks. https://www.cnbc.com/2018/01/23/cram...soon-peak.html
It’s a supply & demand scenario, purely economics. US production is zooming. Invest.

[206champion]

When gas goes up it does and will hurt the economy,people have to pull back on certain things just to pay for gas.

[wicker*man]

It won't help around here. That's for sure.

[n2ratfishin]

If fuel jumps .20 a gallon and your vehicle averages 17 MPG, and you drive 15,000 miles per year you'll spend an extra 176.47 in fuel that year.

http://calcnexus.com/fuel-cost-calcu...mpg2=17&calc=1

It's the effect on everything else oil cost touch that really cost us if the prices stay up.

I will say it's been decades since I really waited in lines or saw a fuel ration in America.

[DennisMH&F]

Feb 2014 the average was 3.45.

Give the Trump deal a break.

Nice job of picking one month to support your argument. The average price for 2015 was $2.45. The real point is that a tax cut that is accompanied by an increase in the cost of living does not change anything. Higher gas prices, higher interest rates, inflation and a weaker dollar usually hurts the working class disproportionately. There will be some winners and the stock market will rise but the wealth gap will unfortunately continue to grow.

[grout-scout]

Oil companies have been raising the price as long as they could, what you are posting is just mere coincidence. It was going up anyways. Boat sales are better than they have been in years, perfect time to raise those prices on oil too.



I’m about half tempted to get rid of my diesel truck and go back to gasoline, my mileage in it’s horrible. At least the maintenance will be cheaper.

[JerryT]

If fuel jumps .20 a gallon and your vehicle averages 17 MPG, and you drive 15,000 miles per year you'll spend an extra 176.47 in fuel that year.

http://calcnexus.com/fuel-cost-calcu...mpg2=17&calc=1

It's the effect on everything else oil cost touch that really cost us if the prices stay up.

I will say it's been decades since I really waited in lines or saw a fuel ration in America.

So I won’t have to cash in my 401k to still go on vacation ?? That can’t be true

[wildturkey]

Yes it will slow economy down.

[poeman]

I don't see why everyone is happy to pay 2.50 a gallon. yes it could be worse but 2$ a gallon is a lot better. trucks and Suvs are starting to be popular again, it will start to hurt the sales on those things which will effect a lot of people. its all chain reaction. im in the rail car business high gas prices usually help with railcars from what I told, but I would still rather have cheaper gas.