Wow people are making a whole bunch of guesses leading into tomorrow, prices are jaggy as hell

Anybody got any specific news triggering this in east Asia? I don't have the sources I"d like. Mainichi is talking about the subsidy fund running dry in a couple of months but frankly I think they should be pairing it back _now_, long term, for carbon reasons.

https://mainichi.jp/english/articles/20260407/p2a/00m/0bu/006000c

#economy #japan

Japan's gasoline subsidy fund may run dry in 2 months as oil prices surge - The Mainichi

TOKYO -- Estimates by the Japanese government indicate that its subsidies to cap gasoline and other fuel prices will require about 500 billion yen (ar

The Mainichi

WTI is almost $5 above Brent at this point, which is a massive swing in a very short period of time, and it has to be east Asia buying inconvenient oil.

Remember this countdown:

#oil #OilPrice #economy

@moira yeah, just saw $6.75/gal at a truck stop on I-5 coming back from #Portlandia. SO GLAD my trucking days are far behind me.
@moira @ai6yr In the words of the great BTO: "You ain't seen nothing yet
B-b-b-baby, you just ain't seen n-n-n-nothing yet”
@chrisnelder @moira I'm still trying to figure out what (if anything) I should buy NOW to avoid shortages when they hit. (with, of course, realization there is some stuff you can't or shouldn't stockpile at all, i..e. gasoline itself, items that age, etc. etc.). I guess *everything* will be more expensive due to transportation costs.
@ai6yr @moira For sure: fossilflation is unavoidable across the whole economy really. For outright shortages, though? I'd say think chemicals, paints, plastics, and maybe an extra propane tank. Motor fuel though, yeahno.

@chrisnelder @ai6yr Any one-time (or, you know, every several years) durable good will be cheaper now than later, barring deflationary collapse. This will bring a big wave of inflation, so moving now is better than moving later.

Given other hijinks I've talked about, maybe a spare wireless router wouldn't go amiss. But in general: stuff like that.

Shorter term: do you have a CPAP or other device that needs regular parts resupply? Can you order a new round of that? Durable medications may fall under the same regime. So far, this is something which will be less bad than COVID disruptions but _akin to_ COVID disruptions, so if you knew that was happening again, what would you buy? Buy that.

@chrisnelder @ai6yr Also, I do not remember the 1970s oil shocks, but if you do: by percentage of oil supply, 1979 was a much _lower_ cut in supply, whereas 1972 was a much _higher_ cut in supply. So, picture something between those, at about the 45 day mark. So far. If that helps.