U.S. GAS PRICES HIT A FOUR-YEAR HIGH OF $4.23

TODAY US crude oil: +8% Brent crude oil: +8% European natural gas: +9% Heating oil: +5.7% Gasoline: +5.3%

BREAKING: US oil prices surge above $109/barrel, now up +28% in 8 trading days. We expect to see US gas prices above $4.50/gallon in the coming weeks.

The Fed's preferred measure of inflation (Core PCE) came in at 3.2% in March, the highest level since November 2023. This was the 61st consecutive reading above the Fed's 2% target level. There will be no Fed rate cut in June and one could make a strong case for a rate hike.

BREAKING 🚨: U.S. Debt U.S. Debt now exceeds 100% of GDP for the first time since World War 2 🤯👀

JUST IN: 🇺🇸 US national debt surpasses size of the entire United States GDP for first time since World War II.

It makes zero sense that gas costs more today when it’s much easier to pull it from the ground and refine now. #inflation

Since the start of the Iran war... Jet Fuel: +80% Sulfur: +68% Heating Oil: +56% WTI Crude Oil: +55% Brent Crude Oil: +52% Diesel: +48% Gasoline: +47% Urea: +47% European Nat Gas: +44% Fertilizer: +23% Coal: +13% Palm Oil: +13% Iron Ore: +8% Wheat: +6% S&P 500: +5% $VIX: -15%

Crazy that 70-80 year olds are generally seen as unemployable due to physical and mental decline. But we’re allowing them to run our entire country.

JUST IN: Our traders forecast gas prices to surge to $5.40 this year

Stagflation is intensifying across US manufacturing: The ISM Manufacturing PMI remained steady in April at 52.7 points, the highest since August 2022. However, prices paid surged +6.3 points, to 84.6, the highest since May 2022. Prices paid have risen +25.6 points over the

The wealth gap has never been wider: US private sector financial assets relative to US GDP are up to a record 6.7x. This means that the total value of stocks, bonds, and other financial instruments held by the private sector has never been larger relative to the real economy.

Gas prices in the US have moved up to $4.46 per gallon, their highest level since July 2022. The 50% spike over the last 9 weeks ($2.98/gallon to $4.46/gallon) is the biggest we've seen in the past 30 years.

BREAKING: The UAE says a fire has erupted in a petroleum industrial site following a drone attack from Iran. Brent crude oil prices surge over +6% on the news to $115/barrel.

JUST IN: Our traders forecast US national debt to hit $50 trillion before 2029

US gasoline inventories are at their lowest seasonal level for more than a decade - FT

JUST IN: US gas prices rise above $4.50 for first time since 2022

🚨 some good news

BREAKING: US oil prices erase all losses and turn green after WSJ reports that Iran has rejected a US proposal to reopen the Strait of Hormuz.

🇺🇸 U.S. Consumer sentiment falls to lowest reading on record