Another rub of a crystal ball.
Russia sells us approximately 580,000 barrels of a oil a day. That represents approximately 7% of our consumption. Putin certainly has to be smiling with $100 barrel because that means he’s getting twice as much per barrel today then just 18 months ago.
Other elements come in to play as well. With tremendous spending and printing of additional dollars sooner or later ithere has to be a decline in value of the good old green back. Some argue that would come as a result of the introduction of cryptocurrency, however bitcoin was once considered the leader now is showing signs of decline.
My guess is you will pay $7.59 July 4 weekend.
Last edited by baygo; 02-24-2022 at 01:02 PM.
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