Gas prices up this summer?

[larry_arizona]

Isn’t US oil largely unaffected by global production?

My understanding is we stay under 10% import of foreign oil or at least outside of US and Canada.


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[RC_Hinojosa]

Isn’t US oil largely unaffected by global production?

My understanding is we stay under 10% import of foreign oil or at least outside of US and Canada.


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Global production doesn't matter since the US is now the largest oil producer in the world but with OPEC and global markets we are still exposed to volatility.

Having a glut surplus doesn't change the calculus if the market thinks we're about to engage in a zero sum game in the middle east.

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[larry_arizona]

Global production doesn't matter since the US is now the largest oil producer in the world but with OPEC and global markets we are still exposed to volatility.

Having a glut surplus doesn't change the calculus if the market thinks we're about to engage in a zero sum game in the middle east.

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That is what I thought. But the US exposure is fairly protected to large swings like when gas would hit $4+ a gallon.

Adjusted for inflation, gas is uber cheap currently.


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[sandm]

happens every year. gas will go up around memorial day and back down end of september.
it's already $3/gal here in vegas and I'd be surprised if it doesn't hit $3.75 by mid summer. cali is mid-high 3's and would not be surprised if they are $5 by june.

back in '09-ish when it was spensive, gas in boise was $4 in town and was $4.75 at the marina. we still went up as much as ever BUT did expect some help with gas.
fortunately most of the peeps I have ever boated with offer up gas monies. haven't ran across a lot of people that are clueless on what it really costs to run a boat for a day. most of the people we boated with knew if you go along just for the ride it's free. if you get in the water to play, you pay.