Perception is a funny thing. It doesn't always line up with reality, especially in the futures market.Irish 2.0 said:Still a fraction of the daily use. So 42MM gallons of gasoline. The US consumption is almost 400MM gallons/day. So it is ~1/9th of a day's use.Rapier108 said:It was 1 million barrels of gasoline, not oil. Also, Iran backing off dropped the price of oil.Irish 2.0 said:That SPR release has zero to do with gas prices. The release was 1MM barrels of oil. You get ~22MM gallons of gasoline out of that. That is less than 1/15th of the US daily use.Rapier108 said:Gas prices are down (thanks to another Biden SPR dump), stock market is staying up, and the media is telling us that new jobs are multiplying faster than a Catholic bunny rabbit.Waffledynamics said:Donald Trump suffers quadruple polling blow https://t.co/hOpE6eSUqB pic.twitter.com/Ct5rwOHXao
— Newsweek (@Newsweek) June 10, 2024
Somehow Biden gained in polling on... the economy???
The sheeple will believe whatever they're told.
https://www.cnbc.com/2024/05/21/biden-to-release-1-million-barrels-of-gasoline-to-reduce-prices-at-the-pump-ahead-of-july-4.html
- Joe Biden
I think that, to be very honest with you, I do believe that we should have rightly believed, but we certainly believe that certain issues are just settled.
- Kamala Harris