Re: gas prices

Rosemarie Chavarria

Hi, Brian,

Last night Mom told me that gas has gone up to 6 dollars a gallon. Yes, I'm pretty sure things will get much worse before they get better.


On 3/7/2022 1:36 PM, Brian Vogel wrote:

Gasoline (and other fuel) prices are skyrocketing everywhere.  When I listened to the news last night it was said that this has been the fastest escalation in gas prices since tracking began.

Gasoline always goes up during "vacation season" in the USA, but the war in Ukraine has had a hugely destablilzing effect on the world in general and energy commodities markets in particular.  It's gonna get much worse before it gets better, that's a certainty.  And most of that is due to "irrational doom" rather than true, huge changes in oil availability like we saw, for instance, during the Arab oil embargo of the early 1970s.  Russia doesn't account for more than a drop in the proverbial bucket of US oil consumption, but it accounts for a lot more of total oil and gas consumption in Europe.  The ripple effects from Europe losing, or intentionally cutting itself off from, the Russian energy market will travel around the world.

Brian - Windows 10, 64-Bit, Version 21H2, Build 19044

Under certain circumstances, profanity provides a relief denied even to prayer.

        ~ Mark Twain

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