They are coming, $5.00 per gallon of gasoline. $6.00 for a box of cereal. Most power plants are run on natural gas. Have you seen the prices of natural gas? Sorry folks it is what it is.
Who will warn next? There is no way out. Maybe they will warn over the weekend or in some sneaky way. Inflation & war will be the blame.
Any consolation, my long term Nat Gas positions reversed on close today/hedged. Yes, trying to find highs now. What I find amusing about push to electric cars and trucks, lol you need to convert to 220 to charge up your car. We paying high now for gasoline and diesel, what does people think with everyone switching to electric cars, we be paying hundreds a month for electric. Then gasoline will go down in price.
Yeah, about those silly sanctions that were supposed to stop the war-- while the war in Europe still rages on in laughter, China and enemies of the state are dancing in the cheapest oil ever... Meanwhile, the US and rest of the western world collapses downward in stagflation.