stockischeap

American OIL and Prices like 1995

Short
FX:USOIL   CFDs on Crude Oil (WTI)
Just go back and take a look at famous 1980's movies with gas prices that used to hover in the 1.25 to 1.66 range.
We have been there before and now we are headed there again. 5 to 6 NEW gas stations being built in my area as we speak. that 5 stations within a 4.5 mile radius.
Came across a contract for one of those #maverick #country #stores and the purchase price of #gas in 2020 in a spot price from .75 cents to 1.55 cents

So tell me. where DO YOU think this is going? Manufactured goods via oil will create a massive glut of consumer goods as well and non consumer goods.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.