Egg Prices

[Elliott]

Euronews--​

Crude oil prices plunged to a multi-year low following OPEC+’s decision to accelerate production hikes for June. During Monday’s Asian session, Brent futures slumped as much as 4.6% to $58.50 per barrel, while West Texas Intermediate futures dropped nearly 5% to $55.53 per barrel at a point, both at their lowest levels since February 2021.

On Saturday, eight OPEC+ members agreed to raise output by 411,000 barrels per day (bpd) next month, extending the group’s ongoing plan to unwind production cuts that began in April. The cumulative increase will reach 957,000 bpd in June, further weighing on prices already pressured by deteriorating global trade conditions.

A demand-driven market​

Crude prices have been sliding throughout the year, now down over 20% since mid-January. The decline has been driven in part by US President Donald Trump’s pro-drilling stance, the escalating global trade war, and rising US-China tensions. The downtrend intensified after Trump announced sweeping reciprocal tariffs in early April. OPEC+’s increased output has added to bearish sentiment in fossil fuel markets.

Analysts now view crude as primarily a demand-driven market. “The outlook is more demand driven at the moment because the Saudis have effectively taken their hands off the wheel when it comes to supply,” Kyle Rodda, senior market analyst at Capital.com Australia, said. “Now that it's gone and OPEC+ is going to crank up production, any rebound in prices will be down to an improvement in growth conditions — which in the immediate future is all tied to US trade policy.”

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Billy Bob knows this will be a problem for him.

 

[Charles West]

Good news, getting energy prices down is half the battle against price inflation and dry rot.

 

[Fernando]

Euronews--​

Crude oil prices plunged to a multi-year low following OPEC+’s decision to accelerate production hikes for June. During Monday’s Asian session, Brent futures slumped as much as 4.6% to $58.50 per barrel, while West Texas Intermediate futures dropped nearly 5% to $55.53 per barrel at a point, both at their lowest levels since February 2021.

On Saturday, eight OPEC+ members agreed to raise output by 411,000 barrels per day (bpd) next month, extending the group’s ongoing plan to unwind production cuts that began in April. The cumulative increase will reach 957,000 bpd in June, further weighing on prices already pressured by deteriorating global trade conditions.

A demand-driven market​

Crude prices have been sliding throughout the year, now down over 20% since mid-January. The decline has been driven in part by US President Donald Trump’s pro-drilling stance, the escalating global trade war, and rising US-China tensions. The downtrend intensified after Trump announced sweeping reciprocal tariffs in early April. OPEC+’s increased output has added to bearish sentiment in fossil fuel markets.

Analysts now view crude as primarily a demand-driven market. “The outlook is more demand driven at the moment because the Saudis have effectively taken their hands off the wheel when it comes to supply,” Kyle Rodda, senior market analyst at Capital.com Australia, said. “Now that it's gone and OPEC+ is going to crank up production, any rebound in prices will be down to an improvement in growth conditions — which in the immediate future is all tied to US trade policy.”

...................
Billy Bob knows this will be a problem for him.

That's my point. Oil prices have been declining but I don't see the low prices here.

 

[Charles West]

That's my point. Oil prices have been declining but I don't see the low prices here.

You won't, you live in CA, home of the tone-deaf. Wait till we have to import gasoline from neighboring states.

 

[Fernando]

You won't, you live in CA, home of the tone-deaf. Wait till we have to import gasoline from neighboring states.

We had fire in refinery this year and again today. We'll lose that refinery in future. Bad for that local city losing tax revenue.
And we will be importing gasoline because no refineries here.

 

[Fernando]

Flowers for Mother's Day may be more expensive due to Trump's tariffs

Flower prices could be higher this year due to tariffs enacted by President Trump.

www.cbsnews.com

Flowers for Mother's Day may be more expensive due to Trump's tariffs​

With Mother's Day approaching, you may be looking to buy a bouquet of flowers — and prices could be higher due to tariffs enacted by President Trump.

"We're going to do the best we can to sort of keep those prices where they need to be. But people can definitely expect to be paying a little bit more," said Jody Costello, a florist in Royal Oak, Michigan.

While Mr. Trump paused hefty tariffs he announced in early April for 90 days, a 10% baseline tariff on all U.S. imports is in effect.

About 80% of flowers bought in the United States are grown elsewhere. Last year, the U.S. imported $2.2 billion worth of cut flowers and greenery, the bulk of which came from Colombia and Ecuador, according to U.S. Census Bureau data.

"The fact that they can grow year-round gave them a natural advantage," said Kate Penn, CEO of the Society of American Florists.

MY MOM AIN'T GETTING ANY FLOWERS THIS YEAR. BLAME IT ON TRUMP.

 

[glenn walker]

You won't, you live in CA, home of the tone-deaf. Wait till we have to import gasoline from neighboring states.

Actually a lot of our gas at different times has been brought in from other States. How the hell do you have big refinery's right in El Segundo and Los Angeles and you force them to leave. It's crazy.

 

[IlliniApp]

Looks like the new deal with the UK is a winner for U.S. beef and ethanol exports.

 

[Fernando]

Looks like the new deal with the UK is a winner for U.S. beef and ethanol exports.

Something wrong when auto tariffs from UK is lower than auto tariffs from Canada and Mexico.
Better price deal buying a Land Rover.

 

[Terrel L. Shields]

And we will be importing gasoline because no refineries here.

Duh...and you brag on Newt head the gov

Better price deal buying a Land Rover.

Buy one and see....

The Land Rover Reliability Rating is 2.5 out of 5.0, which ranks it 31st out of 32 for all car brands. This rating is based on an average across 345 unique models. The average annual repair cost for a Land Rover is $1,174, which means it has average ownership costs.​