all_i_see@lemy.lol to World News@quokk.au · 3 months agoDollar surges as Middle East war sends oil above $110 a barrelwww.reuters.comexternal-linkmessage-square6linkfedilinkarrow-up174arrow-down10
arrow-up174arrow-down1external-linkDollar surges as Middle East war sends oil above $110 a barrelwww.reuters.comall_i_see@lemy.lol to World News@quokk.au · 3 months agomessage-square6linkfedilink
minus-squarefrongt@lemmy.ziplinkfedilinkarrow-up12·3 months agoProbably not higher than historic peaks. Expect to see gas prices go up too, but not pass $6/gal unless shit gets real bad. https://www.macrotrends.net/1369/crude-oil-price-history-chart
minus-squarequeermunist she/her@lemmy.mllinkfedilinkarrow-up9·3 months agoOil peaked at $147.27 in 2008, it will almost certainly go higher than that. Hey, by the way, did something else happen in 2008? I forget! 🤔
minus-squareOni_eyes@sh.itjust.workslinkfedilinkarrow-up5·3 months agoAre you talking about the major hurricane that messed up a bunch of refinery capacity, or the housing bubble popping?
minus-squarequeermunist she/her@lemmy.mllinkfedilinkarrow-up2·3 months agoLehman Brothers went bankrupt 2 months after oil hit that record high. Something to think about.
Probably not higher than historic peaks.
Expect to see gas prices go up too, but not pass $6/gal unless shit gets real bad.
https://www.macrotrends.net/1369/crude-oil-price-history-chart
Oil peaked at $147.27 in 2008, it will almost certainly go higher than that.
Hey, by the way, did something else happen in 2008? I forget! 🤔
Are you talking about the major hurricane that messed up a bunch of refinery capacity, or the housing bubble popping?
Lehman Brothers went bankrupt 2 months after oil hit that record high. Something to think about.