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CapnSteve

(419 posts)
6. Yes, but...
Mon Jun 15, 2026, 12:55 PM
6 hrs ago

….I would argue that all those influencers on gas prices that you list are weak influencers. The strong influencer is what the market will bear. Also, I was focusing on the general consumer, not, for example, airlines who buy up fuel futures to hedge against rising prices (as SWA did successfully a few years back).

Regarding oil speculation (which is the same as stocks, orange juice, etc.) - there is the argument that the US should identify oil as a strategic resource and limit futures trading of it. That would have a stabilizing effect on the price of oil.

Not to distract from the original purpose of the OP: to highlight why the price of a barrel of oil is disconnected from the price of gas.

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