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Gas Prices (1 Viewer)

Gas prices are no where near what Trump thinks they are anywhere in the US.

It is also a practical impossibility for the US to ramp up production of oil fast enough to counter anything OPEC does to force oil prices back up. Because we have been trending downward (thanks in part to this useless trade war and economic uncertainty) oil futures have been down around the $56 to $57 per bbl going out every future month into the middle of 2026.

That is what Saudi Arabia is responding to considering that any additional slowdown means slowing down production to preserve profit, so they warn about "over production," and this happens every single time there is an economic slow down. The Saudis make the suggestion first.

Now the question is who globally wins in controlling the price of oil, and President "art of the deal" Trump nailed one of the US's feet to the floor in that nations who used to buy our oil are shopping us due to this multiple-way trade war.

We'll find out by June / July who won based on the trades we can see being played against the close for those months.
 
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