Oldsouljer said:DrummerboyWolf said:Gulfstream4 said:
US economy grows at brisk 3.4% pace in third quarter on strong consumer spending and AI investment
https://apnews.com/article/economy-gdp-ca48d86b723cc52fe14d142ee033316a
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Wow. Outside of high gas prices, which will come down, the economy is doing pretty well despite our Democrat friends wishing for the worst.
The gas prices have dropped a bit. Yes I know about the pause on NC's gas tax which was 41 cents/gallon, but it's dropped about another 30 cents too. It was $3.229 this morning at Costco. It could go back up because we are in a war and the oil speculators will do what they do. More oil is coming from the gulf now then before the war started and prices are headed downward.
Switching back to winter grades helps. That said, from a technical look at the charts, a strong correction in the price of crude is due. Long term direction is still up, though.
Speculators cause a lot of the problems and it always takes longer for it to drop then to go up. I heard a stat the other day and I will try to find it before I post about it. Too many things that can't be controlled will lead to spikes so it may spike again if Trump unloads on Iran. I have a feeling he may just take Kharg Island and then we will have plenty of oil. Iran is running out of money and their gonads are in a vice.
