Gas surpasses $4.50 average. Can oil tanker escorts bring prices down?
https://san.com/cc/gas-surpasses-4-50-average-can-oil-tanker-escorts-bring-prices-down/
Posted by Branch_Out_Now
Gas surpasses $4.50 average. Can oil tanker escorts bring prices down?
https://san.com/cc/gas-surpasses-4-50-average-can-oil-tanker-escorts-bring-prices-down/
Posted by Branch_Out_Now
9 Comments
r/no
Maybe if we cross our fingers and wish on a star, all of our dreams will come true!
It takes a month and half for the ships to get to their destinations. We’re coming off the surpluses that many countries had stocked. Bombed infrastructure will take 3-5 years to get back online. We’re only at the start of the bad part. Escorting a few ships isn’t going to do anything.
People really don’t bother checking if what they’re posting has already been posted, do they. 🙄
Prices can quickly go up, but they rarely quickly go down (if at all)
I mean, you’re just shifting the bill from gas to taxes
Lol no.
You may have heard about the waves of missiles and drones Iran launched, and realistically they don’t even have to hit anything.
The threat of an active war zone is enough to keep Lloyd’s of London and other insurers from noping out of the entire situation.
Nothing has changed. Well. The situation escalated dramatically and the UAE is on fire. So we have that.
I’m thinking escorting tankers through hormouz isn’t exactly cheap so there’s not much chance that escorts reduce the cost of oil consumption in my mind.
No! Even if we all shook hands and the war ended with the opening of the strait and oil flowing, gas prices are headed upward for a while. Between May 9 and May 30, gas prices are going to skyrocket because the oil we have now is going to run out before any new oil can make it to port and be refined. We will see $8 gal nationally by July 4th and most experts don’t believe that’s the ceiling. It will be another 4-5 years before we see gas prices with a 2 in front. Further, by mid-June every product that is shipped over the road can expect a price increase of 30-40%.