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The Water Cooler
General Discussion
Diesel Fuel Prices
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<blockquote data-quote="SlugSlinger" data-source="post: 3776669" data-attributes="member: 7248"><p>The issue is he should have never used the emergency oil reserves to artificially and temporarily lower the gasoline prices an immaterial amount. </p><p></p><p>Now he’s going to have to replace those reserves that Trump paid $30 a barrel with oil that cost $110 to whatever it will be in a year. Probably north of $150 a barrel.</p><p></p><p>Filling the reserves is also going to increase the price of oil because it’s taking millions of barrels of oil off the already struggling market that cannot keep up with the current demand.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3776669, member: 7248"] The issue is he should have never used the emergency oil reserves to artificially and temporarily lower the gasoline prices an immaterial amount. Now he’s going to have to replace those reserves that Trump paid $30 a barrel with oil that cost $110 to whatever it will be in a year. Probably north of $150 a barrel. Filling the reserves is also going to increase the price of oil because it’s taking millions of barrels of oil off the already struggling market that cannot keep up with the current demand. [/QUOTE]
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