Get a horse.

West Texas Intermediate crude futures, the U.S. oil benchmark, traded 8% higher to above $125 a barrel, the highest since July 2008. At one point the price rose to $130.50 Sunday evening before retreating.

That means gasoline approaching $9 a gallon by Spring.

FJB

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About On the North River

Forty years toiled in the Tel-com industry, married for 36 years widowed at sixty-one. Ten years in a relationship with a woman until her death. Was a Tea Party supporter. Today a follower of the Last American President to be honestly elected, Donald J. Trump. Recently had Ancestry.com tell me I'm Swedish, not Danish. I may need to change my avatar.
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3 Responses to Get a horse.

  1. pjrae54's avatar pjrae54 says:

    Last year when I accepted the idea that we’re stuck with this fraud of an administration I bought a pile of shares in a gas/oil ETF…which as of this writing is appreciating at better than 200%. I wish that I could be happier about this, as rightfully I should. But after getting croaked by the Obama tenure (lost my business thanks to not believing ObamaCare would pass) I’m at least feeling somewhat prepared.

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    • I’m glad for you. Part of my retirement accounts are heavy into commodities, losing heavily for the last two months. Fortunately I don’t depend on that account for living expenses, more for special things like vacations and upgrading the kitchen.
      If I had had this graphic earlier I’d have included it with the post.
      Biden Gas Prices

      The Pain at the Pump is all Biden, not due to Ukraine… Yet.

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  2. Dan's avatar Dan says:

    Unaffordable gas is just part of the plan. The plan to END privately owned ICE transportation. The criminals in power do not want any of us to.be able to travel at will. They want us dependent on public transport they can.control or crappy EV cars that have almost no range…and for which they can shut down the juice if they choose. The people in power aren’t stupid. They are evil. And EVERYTHING happening is part of their plans.

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