Crude and Transport Cost – Bucking Bronco
As Crude prices began their ascent, a family text went out to those with large tanks to go ahead and fill up and a request to nail down the travel schedule so air could be booked….. Here was our well received post on the five day movements of several asset classes including Crude!
Half success… the tickets were finally booked on a Wednesday after the planning dust settled, at a 20% price increase…. with Wednesday being a great day to book flights rather than the Friday- Sunday price checks… not sure how much they would be now….tanks were topped off in good order….
Thankfully we almost always only use charts that show closing prices to take the intraday stress and noise out of the historical view… at early opening/low volume times the Futures had much larger swings than this less stressful chart is showing! Another reason for dramatic price movements in oil related items …
Given the large price increase with Crude, if you have not nailed down those summer transportation plans… might be a good idea to do so sooner rather than later….
Of course, … black gold flows through many other parts of the Economy… more on that later !
Gas Pump Prices at the State Level via Visual Capitalist
Then Visual Capitalist and AAA hit us with this nice graphic (nice tracking of this on a super high frequency time frame!)
While the movements have been large, the speed has been as well… We all want things to move faster ie Money, computer, traffic (a favorite), internet speed …. BUT in a watch out what we all wish for … this also filters into other areas of the financial system !
Have a Great “Get those summer transport plans done and Crude review” Day!
John A. Kvale CFA, CFP
AI Content Authenticity: All of the following text content has been completed by myself and has not been edited or created by AI. Occasionally we do use AI for images and will note when appropriate.
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
