BigRobSA said:

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BrazosDog02 said:

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BMX Bandit said:

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major investigation

🚨 JUST IN: President Trump just CONFIRMED he's ordered a MAJOR DOJ investigation into oil companies for price gouging Americans at the pump

ExxonMobil, Chevron, Shell, BP, and more.

"The oil companies are possibly gouging. I hope they're not. Otherwise they're going to be in… pic.twitter.com/Cv1jgPpWNE

— Nick Sortor (@nicksortor) June 24, 2026

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ITS MAJOR! Yuuuggggeeeeee!!!

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The best. I've got Top Men on it.


Top.

Men.

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More help is on the way, independent of the mullah's missiles/drones.

Just insane. Americas adding 2-3mbpd by next spring in supply.

Argentina has the two largest shale formations known to exist but due to communist leaders couldn’t be tapped before Milei https://t.co/P09XK0YyVl

— Latinx Adjacent Doctor PhD (@TonerousHyus) June 27, 2026

4 said:

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Big oil is by and large out of the retail fuel business.

They don't set the price of fuel at the pump.

For that matter, they don't set the price of oil at the wellhead or the refinery, either.

There's a big fat open market you can follow that shows the spot price.

Trump is playing to voters that don't know the difference, which is a smart move.

Idiots are useful in both directions.

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Quote:

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Gasoline speculation refers to Wall Street traders, hedge funds, and institutional investors who bet on crude oil futures contracts to profit from short-term price movements rather than actually using or refining the oil . These trades can inflate prices at the pump by bidding up the paper value of crude

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It is all about perception. That is why Trump is always optimistic on the oil trade through the Gulf and the IRGC is still firing weapons at ships.

https://ideas.repec.org/p/uma/perirb/peri_afr_research_brief_june20.html

Gilligan said:

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FTR - Gas Prices shoot up and flutter down.

Never, never do they drop like a rock.

Paid $3.09 this weekend.

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I paid $4.29 for HEB 2% milk yesterday. Can we start bombing Wisconsin please?

Burdizzo said:

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Gilligan said:

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FTR - Gas Prices shoot up and flutter down.

Never, never do they drop like a rock.

Paid $3.09 this weekend.

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I paid $4.29 for HEB 2% milk yesterday. Can we start bombing Wisconsin please?

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When we invade, we will bring back Spotted Cow beer.

Buy your own milk cow if you don't like it. Farmers and ranchers need high prices! Same with chickens and eggs.

nortex97 said:

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More help is on the way, independent of the mullah's missiles/drones.

Just insane. Americas adding 2-3mbpd by next spring in supply.

Argentina has the two largest shale formations known to exist but due to communist leaders couldn’t be tapped before Milei https://t.co/P09XK0YyVl

— Latinx Adjacent Doctor PhD (@TonerousHyus) June 27, 2026

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Pretty soon, gas stations are going to be paying us to take the gas off their hands once all that new "Drill, Baby, Drill" starts flooding our market.

Let's go!!!

I don't know why I'm mentioning this because it has nothing to do with our situation, but the price of gasoline in Venezuela a few years ago was USD $0.06/gallon. Also, people starving and extreme crime.

Seven Costanza said:

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I don't know why I'm mentioning this because it has nothing to do with our situation, but the price of gasoline in Venezuela a few years ago was USD $0.06/gallon. Also, people starving and extreme crime.

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Socialists love them some controlled prices. Social problems, not so much.

Seven Costanza said:

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I don't know why I'm mentioning this because it has nothing to do with our situation, but the price of gasoline in Venezuela a few years ago was USD $0.06/gallon. Also, people starving and extreme crime.

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Must have been paradise! Just think, you could drive from your shanty to the zoo, pick up some animals for dinner, all the while avoiding gunfire from weapons previously confiscated by the government, all for less than 25 cents!!!

Scenario above coming soon to NYC!!!

Seven Costanza said:

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I don't know why I'm mentioning this because it has nothing to do with our situation, but the price of gasoline in Venezuela a few years ago was USD $0.06/gallon. Also, people starving and extreme crime.

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Interesting.

I may be wrong, but I thought that country's oil/gas was price controlled by the government. If so, that would explain a lot of it. Also a lot of sheety politicians who aren't taking care of their people.

Also, we're the Effing U.S. of A.. I'd imagine, if we wanted to have prices at the pump significantly lower than they are right now it could be done. The O&G folks might not like it for obvious reasons, but if it could be done I'd like to think we could do it.

techno-ag said:

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Seven Costanza said:

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I don't know why I'm mentioning this because it has nothing to do with our situation, but the price of gasoline in Venezuela a few years ago was USD $0.06/gallon. Also, people starving and extreme crime.

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Socialists love them some controlled prices. Social problems, not so much.

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According to our new definition of inflation, Americans will soon learn to love them as well if we are to keep inflation from electing Democratic socialists from taking over.

Its bizarre logic but thats what some now argue.

Yeah, I mention it just for trivia rather than any kind of commentary on anything.

flown-the-coop said:

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techno-ag said:

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Seven Costanza said:

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I don't know why I'm mentioning this because it has nothing to do with our situation, but the price of gasoline in Venezuela a few years ago was USD $0.06/gallon. Also, people starving and extreme crime.

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Socialists love them some controlled prices. Social problems, not so much.

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According to our new definition of inflation, Americans will soon learn to love them as well if we are to keep inflation from electing Democratic socialists from taking over.

It's bizarre logic but thats what some now argue.

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Unfortunately like suicide, electing socialists can be a permanent solution to a temporary problem.

The way some pissed down their leg for a temp gas price spike makes me concerned for the mental health of the average f16 poster for sure.

No Spin Ag said:

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Seven Costanza said:

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I don't know why I'm mentioning this because it has nothing to do with our situation, but the price of gasoline in Venezuela a few years ago was USD $0.06/gallon. Also, people starving and extreme crime.

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Interesting.

I may be wrong, but I thought that country's oil/gas was price controlled by the government. If so, that would explain a lot of it. Also a lot of sheety politicians who aren't taking care of their people.

Also, we're the Effing U.S. of A.. I'd imagine, if we wanted to have prices at the pump significantly lower than they are right now it could be done. The O&G folks might not like it for obvious reasons, but if it could be done I'd like to think we could do it.

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Not really. Not as long as we continue to have open markets.

I mean, you could lower it by the amount of the tax at the pump. Completely get rid of the tax and will come down without affecting supply.

But if the government tries to price fix, and the price is lower than required to turn a profit for the people producing the product, they will just stop producing the product.

At that point, there will be no supply and incredible demand which will raise the price.

If the government comes in and tries to set the price again, they will just stop drilling for oil.

normalhorn said:

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I can also assure you that neither the OP nor anyone else reading this thread has any support or sympathy for anyone that willingly lives in Kalifornia…

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I live in California. Not willingly. But it is rough. Prices are coming down. On base, regular is 5.19 as of yesterday. At the peak it was 5.99, or 6.09, I think. And off base, in some places it was hitting $7.

Also, despite prices falling, our strategic petroleum reserves are at the lowest level since 1983. I don't think we can take another prolonged hit like that with the government doing everything it can to keep prices from skyrocketing. It's going to take a while to refill those reserves.

flown-the-coop said:

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techno-ag said:

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Seven Costanza said:

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I don't know why I'm mentioning this because it has nothing to do with our situation, but the price of gasoline in Venezuela a few years ago was USD $0.06/gallon. Also, people starving and extreme crime.

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Socialists love them some controlled prices. Social problems, not so much.

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According to our new definition of inflation, Americans will soon learn to love them as well if we are to keep inflation from electing Democratic socialists from taking over.

Its bizarre logic but thats what some now argue.

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"Inflation" as a word, hasn't had a definition change.

It's more evidence of the intellectual horsepower, or lack thereof, in regards to the publicly-schooled in the U.S. .

"Inflation" means "prices going up", regardless of the reason, to them.


True inflation is due to monetary policy. Tariffs and other liberal fiscal idiocy drive prices up, but not the money supply, so not inflationary. Still stupid as **** . Just not inflationary.

Price controls are just as stupid, and liberal, as tariffs.

$3.37 for 87 unleaded in northern Alabama (Fort Payne)

just paid it a few hours ago

LMCane said:

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$3.37 for 87 unleaded in northern Alabama (Fort Payne)

just paid it a few hours ago

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Finally saw it at $2.999 today at the HEB by me.

Most economic growth policies will result in higher prices, those dumb liberal policies too?

Using inflation to describe higher prices is what is dumb. And it leads to one having to consider price controls to address inflation, which only makes cents if you are using the *******ized meaning of the term.

flown-the-coop said:

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Most economic growth policies will result in higher prices, those dumb liberal policies too?

Using inflation to describe higher prices is what is dumb. And it leads to one having to consider price controls to address inflation, which only makes cents if you are using the *******ized meaning of the term.

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Usually? Yes. Unless that "policy" is to get the govt out of the way.

And, yes, it's dumb to call prices rising "inflation", but look at the Dem party and, hell, the Republican and Libertarian parties. LOTS of stupid mofos....everywhere.

BigRobSA said:

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flown-the-coop said:

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Most economic growth policies will result in higher prices, those dumb liberal policies too?

Using inflation to describe higher prices is what is dumb. And it leads to one having to consider price controls to address inflation, which only makes cents if you are using the *******ized meaning of the term.

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Usually? Yes. Unless that "policy" is to get the govt out of the way.

And, yes, it's dumb to call prices rising "inflation", but look at the Dem party and, hell, the Republican and Libertarian parties. LOTS of stupid mofos....everywhere.

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Correct. It's why I come f16 for the intellectual bantering.

A powerful narrative construct pic.twitter.com/jb7zHBxDAv

— The Reckoning 💥 (@sethjlevy) June 29, 2026

CL=F is actually a hair over $70 right now.

Gas at my nearby Costo is $2.92

Where?

When driving through Abilene on Wednesday, it was $3.04. Out here by my house it's $3.89 still

That price is at Frisco. Plano is $2.89 and Prosper is $2.93

Back up to $3.499 by me.

BREAKING: Oil has officially fallen below $68.50 for the first time in 4 months.

Oil has now completely erased its US-IRAN war premium. pic.twitter.com/3NakZLbTSV

— Bull Theory (@BullTheoryio) July 1, 2026

$2.95 in Fort Worth

Diesel is at over above $4 per gallon from our suppliers. I was hoping I could wipe out fuel surcharges from my estimates and deliveries but looks like we'll keep those for the rest of the year to offset early price spikes. Oh well, it's coming down slowly.

If oil keeps dropping how we gonna afford this recruiting class?

BrazosDog02 said:

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Diesel is at over above $4 per gallon from our suppliers. I was hoping I could wipe out fuel surcharges from my estimates and deliveries but looks like we'll keep those for the rest of the year to offset early price spikes. Oh well, it's coming down slowly.

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It's been the same since the initial drop after the deal was announced, so a couple of weeks now.

It will be nice to see prices at the pump start reflecting those of the market.

Just as I promised, Oil Prices are plummeting FAST, and Gas Prices at the pump are dropping too, but not as fast as they should be. As we approach America’s 250th Birthday, I am pleased to announce that a VERY smart Retailer, located throughout the Northeast, is stepping up, and… pic.twitter.com/LsDki3aj3s

— Commentary Donald J. Trump Truth Social Posts On X (@TrumpTruthOnX) July 1, 2026

'Freedom Fuel' is a pretty funny Philly name for a gas station chain.