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<v Speaker 1>Edward Jones is an expert on many secret things and

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<v Speaker 1>then many public things. Edward Jones, Welcome to the other

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<v Speaker 1>side of midnight.

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<v Speaker 2>Oh I'm Walter. Great to be with you again, Yes.

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<v Speaker 1>Sir, Now, many many issues get to be distorted beyond belief.

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<v Speaker 1>I happen to believe that there is no American that

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<v Speaker 1>has any interest in becoming a socialist. What I believe

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<v Speaker 1>is there many hundreds of thousands of Americans that would

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<v Speaker 1>like to have much better, more reasonably priced, or free

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<v Speaker 1>healthcare if the healthcare insurance, If the health insurance issues

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<v Speaker 1>were fixed, there'd be no more talk about socialism. But

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<v Speaker 1>it's been made bigger and bigger and bigger. Get rid

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<v Speaker 1>of Congress, get rid of the Justice, get rid of

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<v Speaker 1>the presidency. Yeah, that sounds really good. But the fact is,

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<v Speaker 1>if the healthcare system was fixed financially, all that talk

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<v Speaker 1>would go away. Because they hear about Canada. Oh, free

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<v Speaker 1>healthcare in Canada. Yes, and you have to wait until

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<v Speaker 1>you're almost dead to get it. But other than that

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<v Speaker 1>it works out fine. Again, with the straits of horror moves,

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<v Speaker 1>with the whole straits of horror moves, business and cutter

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<v Speaker 1>and all sorts of things about the Middle East, and

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<v Speaker 1>nobody understands. Absolutely nobody understands. It really comes down to

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<v Speaker 1>the price of gas. That's all it is to most

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<v Speaker 1>of us, normal people working the Great Shift, the first shift,

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<v Speaker 1>it's about the price of gas. Now, Edward Jones, because

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<v Speaker 1>of your twenty thousand foot view of the Middle East situation,

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<v Speaker 1>what does what do you see as the future of

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<v Speaker 1>the price of gas and oil futures in general?

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<v Speaker 2>Sir, I would bet Walter well, first of all, the

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<v Speaker 2>good news, so I say, if I can say good news.

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<v Speaker 2>Regular gas today is four dollars and four cents a gallon,

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<v Speaker 2>but that's trending a little bit up, you know, as

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<v Speaker 2>the Brent crew oil barrel price goes up. Brent crude

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<v Speaker 2>is the international barrel price that all of our gas

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<v Speaker 2>prices here in the US are based on. It's a

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<v Speaker 2>market price. So premium right now is looking at four

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<v Speaker 2>ninety four. We're getting toward five dollars a gallon, and

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<v Speaker 2>I said this before. You know, Fortunately, right now the

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<v Speaker 2>demand for gases is a little off this summer, and

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<v Speaker 2>it's keeping prices kind of level, but they're still trending

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<v Speaker 2>up slightly. Four ninety four for premium, the mid grade

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<v Speaker 2>is four point fifty five and your diesel is five

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<v Speaker 2>thirty six. So you know, if I were buying futures contracts,

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<v Speaker 2>I'd be saying I'd be betting that they're going to

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<v Speaker 2>keep rising slightly. And this is due to two reasons

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<v Speaker 2>that there's risk in the Middle East. Right now, there

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<v Speaker 2>are four wars going on.

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<v Speaker 1>No, no, don't go, don't don't talk about that. I just

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<v Speaker 1>want to know about the price of gas.

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<v Speaker 2>I just gave you the price of gas.

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<v Speaker 1>But okay, that's enough. Now I have another question about gas.

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<v Speaker 1>I can't get involved with four wars. I have daughters.

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<v Speaker 1>There's just so many wars I can get involved with.

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<v Speaker 1>That you mentioned about the mid range gasoline. There's premium

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<v Speaker 1>and then there's cheap Who uses the mid range gasoline?

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<v Speaker 1>Who exactly buys that? What car requires the mid price gasoline?

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<v Speaker 2>To be honest with you, won't drive. I don't know exactly.

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<v Speaker 1>Nobody knows. It's a conspiracy. There is no American car

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<v Speaker 1>that you can buy and open up that manual and

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<v Speaker 1>says we recommend the mid octane gasoline. And there are

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<v Speaker 1>very few cars, hardly any, that want the premium. Now

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<v Speaker 1>there are people who are grandiose that they want cars

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<v Speaker 1>that take premium. I don't know anything about them. There

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<v Speaker 1>are people who want the premium gas just because they

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<v Speaker 1>think of themselves as premium people. But ninety nine end

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<v Speaker 1>of Americans use the cheapest gas. If you're very fortunate

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<v Speaker 1>to drive through New Jersey and you go into a

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<v Speaker 1>gas station where they actually pump your gas, they actually

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<v Speaker 1>provide this great service, and the guy looks at you, go,

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<v Speaker 1>you go cheapest, Give me the cheapest. That's all most

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<v Speaker 1>people know. Now, what is the price of the cheapest today?

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<v Speaker 2>The price of the cheapest welter is four dollars and

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<v Speaker 2>four cents a gallon.

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<v Speaker 1>Again, and that's what most people use. But what is

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<v Speaker 1>that mid range? See, even you an expert on the

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<v Speaker 1>straits of harmus and oil, you don't know who uses

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<v Speaker 1>the mid range? Neither do I Do you remember when

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<v Speaker 1>you were a child that Snoko had like eight different

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<v Speaker 1>grades of gas that they had a big dial on

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<v Speaker 1>the side of the pump, like eight different grades of gas.

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<v Speaker 2>That's right, it was twenty six cents a gallon there.

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<v Speaker 1>Now, who would use all those other ones? You're getting

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<v Speaker 1>crazy if you're gonna get fancy about the grades of

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<v Speaker 1>gas you used, don't you think, Edward.

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<v Speaker 2>I do think that, Walter, And quite honestly, I keep

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<v Speaker 2>my eye on the premium fuel. That's that's where a

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<v Speaker 2>lot of cars are today. They're using the premium and

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<v Speaker 2>even if they don't have to, I think they do

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<v Speaker 2>use it. But that's trending right now at four three.

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<v Speaker 2>So we're looking at that five dollar point pretty soon.

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<v Speaker 2>And if we're in a holding pattern, as they said

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<v Speaker 2>the last show or the show before, we're a giant

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<v Speaker 2>holding pattern right now with both sides looking at each

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<v Speaker 2>other but not talking to each other. And as long

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<v Speaker 2>as that stays that way, we'll be in this slightly

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<v Speaker 2>rising level. But as soon as the market. By the way,

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<v Speaker 2>these prices all reflect what the future is telling the

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<v Speaker 2>mister and missus market, and so you know, if we

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<v Speaker 2>if negotiations start to go down, then risk is going

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<v Speaker 2>to go up and these prices will go up. It's well,

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<v Speaker 2>you know over fire into five low fives would be

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<v Speaker 2>five fifty. We don't know, but it depends on how

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<v Speaker 2>the negotiations are going.

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<v Speaker 1>Well, they're not going anywhere.

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<v Speaker 2>They're not, I said, we're in a holding pattern, which

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<v Speaker 2>is which is kind of good. But understand that mister

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<v Speaker 2>and missus market look at the risk, and the risk

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<v Speaker 2>is dependent on how the negotiations are conceding. So if

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<v Speaker 2>it looks like the negotiations are going to collapse, right

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<v Speaker 2>and they go back to shooting, we hope not, but

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<v Speaker 2>then you'll see prices rise again. But right now we're

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<v Speaker 2>in a holding pattern, and you know, Trump is hoping

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<v Speaker 2>this will will last, you know, below five dollars or whatever,

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<v Speaker 2>and so the midterms and the Iranians that they could

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<v Speaker 2>care less. They're just imposing economic pain on the world

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<v Speaker 2>with inflation. And I went to the grocery store the

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<v Speaker 2>other the supermarket. Crustadians by the way, shout out, and

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<v Speaker 2>prices are really high relatively speaking, and we're feeling.

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<v Speaker 1>Well, well, they're cheaper than anyplace else. Go ahead, what

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<v Speaker 1>were you saying.

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<v Speaker 2>I'm saying that, you know, Iron's goal is to inflict

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<v Speaker 2>economic pain. They want to see the higher prices. And

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<v Speaker 2>as you said last night, they don't care about their

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<v Speaker 2>people at all.

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<v Speaker 1>I wasn't here last night.

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<v Speaker 2>I'm sorry, Well, I'm mixed up. Monday morning. Monday morning,

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<v Speaker 2>you said, you know, they don't care about it. They don't.

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<v Speaker 1>They don't know. They're horrible. Yeah, they're horrible people.

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<v Speaker 2>All right.

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<v Speaker 1>Now, Edward Jones, how do we find you online?

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<v Speaker 2>Oh? Okay, great, thank you. Well they listeners can find

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<v Speaker 2>me at it's the at sign at Edward Jones NYC.

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<v Speaker 2>Like from New York City, Edward Jones at Edward Jones NYC.

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<v Speaker 2>On both X the former Twitter, thank goodness, elon Musk

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<v Speaker 2>Rescue that I write on next almost every day, and

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<v Speaker 2>also substack s U, B S T A c K.

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<v Speaker 2>They'll find some wonderful writing there on all of this

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<v Speaker 2>stuff and more. But anyway, I write every day, not

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<v Speaker 2>only in this but on other things that you know,

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<v Speaker 2>it's like my little magazine.

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<v Speaker 1>Well to thank you, well, it's a lot of work.

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<v Speaker 1>I appreciate it. Give us the the X handle again.

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<v Speaker 1>Give it to us again without all that elaboration.

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<v Speaker 2>Just tell it to us. The X handle is at

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<v Speaker 2>sign at Edward Jones NYC. And that's it. And it's

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<v Speaker 2>the same for substack