$19.97 barrel oil?

[pheoxs]

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Why haven’t gas prices followed suit :\

Because it's been one day?

[Misterman]

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I was quite literally just looking at Suncor.

16% discount? yes please.

I was very tempted, but I honestly don't want anything to do with Canadian energy stocks.

I'm still keeping a close eye on airline stocks.

[Mitsu3000gt]

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Why haven’t gas prices followed suit :\

The correlation between oil prices and gasoline prices is not nearly as strong as people think (there are many processes in between) and also it's been less than a day - they are only quick to adjust when the price goes up, not down

[KPHMPH]

Complete bullshit, I’m tired of paying $2.10/ gallon

[16hypen3sp]

RBOB Gasoline futures are down but not down by as much as I expected. According to MarketWatch, it's currently at 1.19. It was lower at a point in 2016 (0.89).

In terms of gasoline prices here, I was hoping we'd get into the 70 cent range in the near future.

[killramos]

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Good thing I hedged my bet on toilet paper and have a massive stock.

$15/roll. Who wants a clean bum?

Was walking through Safeway yesterday and they had the aisles overflowing with the stuff haha.

[ExtraSlow]

Yeah, there is no shortage of toilet paper. Shoppers, London Drugs, Safeway all have stock.

[Disoblige]

lol, I honestly don't get the toilet paper stockpiling. There are so many other things worth stockpiling other than that...
I mean, if you are gonna be crazy, at least be crazy stockpiling something more sensible, like food and water.

[Mitsu3000gt]

I still haven't seen any of these shortages people are talking about but maybe stores have simply restocked after the hilarious amount of initial panic. I've actually enjoyed shopping recently, everyone is scared to go to the store so nothing is busy haha. Went to Costco on Saturday afternoon and they had people standing around at the tills doing nothing. Picked up my usual items and some TP too. They also had several pallets of Kleenex and wet wipes.

I don't get the TP hoarding - of all the things you would need if quarantined in your house there like 10 other ways to clean yourself haha. Or just buy a bidet for $40 on Amazon.

[ZenOps]

Sanity paper is a supply issue problem. While you can ramp up a liquid soap factory fairly quickly, you cannot do the same with a paper towel factory.

Industrialists will stock up on toilet paper because they know its the first thing that is really hard to make and distribute en mass when things go wrong. Especially considering how few people you can serve with the volume of a truckload (although extremely light in weight, it take a tremendous amount of physical space, space which is always at a shipped premium during times of need)

So yeah, buy as much toilet paper as you want - its not a bad idea. The big distributors probably already know, and are stocking up as we speak.

In this particular situation: Imagine that one worker is confirmed to have sneezed on the factory line at the local paper towel/toilet paper mill. They decide to shut down for a week to sanitize. The tinned bean company can just shrug it off, because they cook everything to death in the tin.

If half a million people start dying in the US though, you can start thinking about wearing gloves, peeling labels off tins of food and permanent marker sharpie them instead. Its prudent in wet climates. People need to watch doomsday preppers, haha.

[pheoxs]

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lol, I honestly don't get the toilet paper stockpiling. There are so many other things worth stockpiling other than that...
I mean, if you are gonna be crazy, at least be crazy stockpiling something more sensible, like food and water.

The hoarding of TP specifically is rather stupid.

Though with all the factories in China shutting down for 2 months we may start seeing shortages in goods in the near future. It takes 3-6 months for a product to get produced, shipped overseas, cleared customs, pushed through the distribution network, and then onto store shelves.

It'll be interesting to see in the spring what happens as distribution centres run low on certain goods.

[killramos]

Canned goods were literally on sale at Safeway yesterday, don’t scream food shortages to me

[Antonito]

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The hoarding of TP specifically is rather stupid.

Though with all the factories in China shutting down for 2 months we may start seeing shortages in goods in the near future. It takes 3-6 months for a product to get produced, shipped overseas, cleared customs, pushed through the distribution network, and then onto store shelves.

It'll be interesting to see in the spring what happens as distribution centres run low on certain goods.

Things will be getting a bit sketchy I think. A rather specialized material that we need for site is currently MIA as far as when we'll see any more of it. As in there isn't even answering of phone calls to the factory in China. This is a very unimportant item, I'd certainly hope major things have fail safes that will quickly spring into action, but yeah.

[kobe tai]

- - - Updated - - -

"Try and see a bit further past your nose commie"

Which one of you clowns wrote this lol?

[ZenOps]

Things like Ipads and phones might be in short supply soon too. Even a one day shutdown can cause ripple effects as all these companies are interlinked. If they can not get a millimeter sized Tantalum capacitor, the entire phone production halts.

Its actually akin to the combustion engine in complexity, which isn't necessarily a good thing.

This would be a great time to startup a company that produces anti-bacterial cell phone cases, of which you could probably sell them for $50 and rake in the cash? Yes?

[Aaaaaron]

People who bought HOD are sitting pretty.

[mr2mike]

Only 3x leveraged ETF's for me.

[ExtraSlow]

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Only 3x leveraged ETF's for me.

Serious question, who's got the balls to buy a 3x oil bull ETF today?

[killramos]

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Serious question, who's got the balls to buy a 3x oil bull ETF today?

If you got it at open you might have done decent for 1 day.

[Disoblige]

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Serious question, who's got the balls to buy a 3x oil bull ETF today?

I scalped UWT for $0.08