Crude Oil & Natural Gas

Index Units Price Change %Change Contract Time (EST)

CL1:COM

WTI Crude Oil (Nymex)
USD/bbl. 66.76 +0.58 +0.88% Jan 2022 1:03 PM

CO1:COM

Brent Crude (ICE)
USD/bbl. 69.98 +0.75 +1.08% Feb 2022 1:03 PM

CP1:COM

Crude Oil (Tokyo)
JPY/kl 45,510.00 -760.00 -1.64% Feb 2023 11:57 AM

NG1:COM

Natural Gas (Nymex)
USD/MMBtu 4.24 -0.32 -7.07% Jan 2022 1:03 PM


Refined Products

Index Units Price Change %Change Contract Time (EST)

XB1:COM

RBOB Gasoline (Nymex)
USd/gal. 198.09 +4.08 +2.10% Jan 2022 1:03 PM

HO1:COM

Heating Oil (Nymex)
USd/gal. 210.00 +3.97 +1.93% Jan 2022 1:03 PM

QS1:COM

Gasoil (Nymex)
USD/MT 603.50 +3.75 +0.63% Dec 2021 1:03 PM

JX1:COM

Kerosene (Tokyo)
JPY/kl 65,530.00 -1,250.00 -1.87% Jun 2022 12:00 AM


https://www.bloomberg.com/energy

 

Average United States wholesale gas price trend in 2021.
Wonder how long it will take for prices to return to something close to what they were in January, 2021?
Probably another year anyway, if then.

 

And the same question for wholesale heating oil prices

 

And natural gas prices. Same question.


Source for all these charts, so , you know, anyone who cares can check for themselves. Or not.
Natural gas | 2021 Data | 2022 Forecast | 1990-2020 Historical | Price | Quote | Chart (tradingeconomics.com)

 

Let me explain something to stumbler gas cost a lot more now that Joe Biden is president than I did when Donald Trump was president fact fact fact fact not fiction . And you know who caused it Joe Biden and his cronies . Actually whoever is pulling dumb dumb’s strings caused it

 

And of course, crude oil prices haven't changed much.

 

Stumbles should be listening to a guy named Larry Kudlow right now . He will explain to you why the prices of gas heating oil and diesel fuel which is the same as heating oil is costing more now .

 

Why are you lying about this?

New Jersey average gas prices


Regular Mid-Grade Premium Diesel
Current Avg. $3.443 $3.806 $3.981 $3.694
Yesterday Avg. $3.447 $3.804 $3.980 $3.696
Week Ago Avg. $3.449 $3.809 $3.986 $3.703
Month Ago Avg. $3.453 $3.795 $3.976 $3.688
Year Ago Avg. $2.282 $2.670 $2.838 $2.546

https://gasprices.aaa.com/?state=NJ

 

Oil prices have fallen from about $85 per barrel to about $65 per barrel in the past month.

 

This is kind of surprising but proves the pressure from President Biden and our allies is working.

Boosting oil production. OPEC and a group of allied oil producers have collectively agreed to boost their oil output by 400,000 barrels per day in January, after previously mulling pausing production. The announcement was well-received by Washington, which spent months urging such a decision as U.S. gas prices surged. “We appreciate the close coordination over the recent weeks with our partner Saudi Arabia, the U.A.E. and other OPEC+ producers to help address price pressures,” said White House Press Secretary Jen Psaki.

Foreign Policy Morning Brief

 

Stumbles counts on the uninformed to read his posts and think to themselves; "oh, ok, everything is fine now that the despicables fixed what those rascal deplorables did".

The thing is, only despicables fall for stumblers propaganda.

The rest of us spotted stumbler for what he is a long time ago.

 

If you want to see who are the real dummies are watch everyone who agrees with stumbles . Lol lol lol lol lol lol lol . Please despicable’s have a little bit of pride . Lol lol lol

 

Oil drops for sixth straight week as Omicron jolts markets
Crude slid since October on the emergence of a new coronavirus variant, nations tapping oil reserves and OPEC+ continuing output hikes.


While the Organization of the Petroleum Exporting Countries and its allies (OPEC+) decided to continue supplying the market with barrels, the group essentially placed a floor under prices by giving itself the option to change the plan at short notice [File: Andrey Rudakov/Bloomberg]
By Julia FanzeresBloomberg
Published On 3 Dec 20213 Dec 2021
Oil slid for a sixth straight week, marking the longest stretch of weekly declines since 2018, as the omicron variant jolts markets and OPEC+ continues to hike supply.

West Texas Intermediate crude futures fell 2.8% this week. The spread of the omicron variant has investors concerned about any potential hit to demand as the U.S. reported at least six states with cases. Covid-19 infections in South Africa have almost quadrupled since Tuesday. Meanwhile, OPEC and its allies this week decided to add 400,000 barrels a day of crude to global markets in January, ultimately bowing to consumer pressure.


“The short-term demand outlook was shaky at best and if the U.S. sees new restrictions, the oil market could see a supply surplus by the end of the month,” said Ed Moya, senior market analyst at Oanda Corp.



Crude has dropped sharply since late October amid moves by major consuming nations to tap their reserves and the emergence of the new virus variant. A more hawkish Federal Reserve was put in a tough spot Friday as U.S. jobs data missed expectations. Meanwhile, the sharp increase in volatility has oil traders heading for the exit, with open interest across the main oil futures contracts plunging to its lowest level in years.

While OPEC+ decided to continuing supplying the market with barrels, the group essentially placed a floor under prices by giving itself the option to change the plan at short notice. Prior to this week’s meeting, ministers indicated they were concerned about the impact of omicron on crude demand but were struggling to figure out how serious the new strain would become. By effectively keeping its monthly meeting open, the alliance now has more flexibility to address price swings.

Prices

• West Texas Intermediate crude for January delivery slipped 24 cents to settle at $66.26 a barrel in New York
• Brent for February settlement rose 21 cents to settle at $69.88 a barrel

Meanwhile, in Vienna, diplomats attempting to restore the nuclear deal between Iran and world powers face substantial challenges that need urgent solutions, the top European envoy said Friday. Talks are set to resume in the middle of next week.

https://www.aljazeera.com/economy/2...raight-weekly-decline-as-micron-jolts-markets

 

Oil is the most volatile commodity this planet can possess, next to high grade Copper...this is nothing more than a political band-aid that will alleviate nothing...but it sure looks great on the surface.

 

Interesting story this week in Fortune talking about inflation.

Remember, we were being told this inflation thingy, it's just "transitory"?
You know, things will get normal again soon, so don't panic?

Not so much, eh?

"Both Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen said in interviews this week that it’s time to retire the term “transitory” when discussing the current U.S. inflation trends.​

“We tend to use [transitory] to mean that it won’t leave a permanent mark in the form of higher inflation,” Fed Chairman Jerome Powell said during a congressional hearing on Tuesday. “I think it’s probably a good time to retire that word and try to explain more clearly what we mean.”
​

Shooter recalls someone around here pointing out that a lot of the inflation drive was because employers were forced to up the base pay from say, $8 to $15 or more just to attract applicants for open jobs that happened because of Covid. And once things settle down, those employers would have a tough time telling employees, well, now that things are back to normal your pay is going from $15 back to $8.

And as Shooter recalls that someone got attacked and demonized. By the way, he went looking for the thread, but hasn't found it. He'll keep looking cause told you so.

Anyway, yeah, we've probably seen the last of even $2.50/gallon gas.

 

Projecting the utmost government endorsed fear created this...government got in the business of business...all to help out the ''poor people''.

...minimum wage hikes...extended unemployment benefits....so on and so forth.

Inflation is inevitable when government intervenes in business practices, and it will not get better until the States take their perspective roles in retaining and protecting States rights.

 

Oil prices bounced after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States, and as indirect U.S.-Iran talks on reviving a nuclear deal appeared to hit an impasse.

Brent climbed $1.34 to $71.22 a barrel, while U.S. crude added $1.39 to $67.65 per barrel.

Energy independence is the only true tested fight against high energy costs here in the U.S....Crime Boss/half cracker/Soros know that...so do the people.

 

Time for a windfall tax?

https://www.theguardian.com/business/2021/dec/06/oil-companies-profits-exxon-chevron-shell-exclusive

Thinskin

 

Eh...and here comes the tourist with great news about more taxation measures...

How's your behavior been lately tourist?