reply on: Consumer prices rose 3.5% from a year ago in March, more than expected \ stacker news ~econ

0 sats \ 4 replies \ @Satosora 10 Apr \ on: Consumer prices rose 3.5% from a year ago in March, more than expected econ

Ouch, everyone is going to feel it. I did feel that the price of gas rose quite a bit lately, or maybe fiat is becoming more worthless?

10 sats \ 3 replies \ @Cje95 OP 10 Apr

Gas is up because Russia had to stop exporting for at least 6 months due to their refineries blowing up 😅 Iran also had a huge pipeline blow and the Houthi’s are ya know just causing more chaos so Brent has gone up to I think $90

0 sats \ 2 replies \ @Satosora 10 Apr

lol Do you know how much oil they have in storage? They are just creating this squeeze on purpose. Using any excuse to make you feel better about buying it.

10 sats \ 1 reply \ @Cje95 OP 10 Apr

The US? Cause actually yes however it is at its lowest level since we began filling it. The US does swaps with companies so that the crude doesn't go "bad" but those have started to have issues because of the price. The Department of Energy (DOE) announced and then canceled the latest cude resupply because the price went up above $75 level. Not sure how they are going to plan on refilling it more given the price is likely to be stuck in the $80-90 for the foreseeable future but this is actually something I monitor as part of my job lol

0 sats \ 0 replies \ @Bell_curve 10 Apr

We will have zero strategic reserves by October