It was not too long ago, the price at the pump were floating around $2.67 a gallon. Lately it is the opposite altogether. Believe or not in South Florida you can easily pay $3.77 a gallon in a fair location. Last night I saw $3.99 a gallon on 87. No need to go 89 or 93. Now you could have wonder, there is no lack of gas in the US since we export it out of he country.
oil price is a global market. If you have the oil, you will sell it at the buyer that is willing to pay the most. This is why it is a problem globally. At least there is no worries like 1973 where there is a lack of oil then. The US is well positioned for oil. Due to fracking and Canada, Venezuela, Mexico we have plenty of oil to navigate.
The FED will meet this March 18th to lower rates. it sounds this is a no-no due to the high oil price.There is always something looming for this economy. If it is not this, it is that. If that oil price stays above $100+, strange things will happen to this fragile economy.
Inflation is the number one concern that will hit many folks. If you are doing good in this economy, you will not feel much pain. Just like mortgage rates are going up again is a problem. Actually one thing I see in the US, it is hard to buy a house in certain areas. A lot of places still have affordable housing to purchase. the problem is it is far from work for many.
I recalled quite a few year back I wanted to move to Georgia,a city named Lawrenceville. It is 30 minute from Atlanta. Housing was way less expensive to South Florida. Till today you may find something you like. The issue is you have to commute unless you have a job or you self employed in the area.
For some reasons I still have Georgia on my mind. Weather is great throughout the year. it is the cold that hunt me after that. I am pretty sure oil will come down. Everything will follow close. By the way EV could make a comeback this year. I am hearing $4 a gallon will push many to EV.
Do you guys remember the #eggs dilemma? Slowly but surely everything is back to normal. Chickens are working hard to keep eggs on the table. Now the issue is prices are coming down so hard, farmers are complaining. They like the crazy price last year. Easter is their black Friday so they should be alright.
I don't know what to expect for the remaining of 2026. I hope inflation remains in its place. I do not even want to talk about recession. Lately this is what may happen if oil price remains elevated.
I hope #ai does not eliminated more jobs. it should not be an issue since life should get better with #ai.
We will see.
