Speaker 1: Edward Jones is an expert on many secret things and
Speaker 1: then many public things. Edward Jones, Welcome to the other
Speaker 1: side of midnight.
Speaker 2: Oh I'm Walter. Great to be with you again, Yes.
Speaker 1: Sir, Now, many many issues get to be distorted beyond belief.
Speaker 1: I happen to believe that there is no American that
Speaker 1: has any interest in becoming a socialist. What I believe
Speaker 1: is there many hundreds of thousands of Americans that would
Speaker 1: like to have much better, more reasonably priced, or free
Speaker 1: healthcare if the healthcare insurance, If the health insurance issues
Speaker 1: were fixed, there'd be no more talk about socialism. But
Speaker 1: it's been made bigger and bigger and bigger. Get rid
Speaker 1: of Congress, get rid of the Justice, get rid of
Speaker 1: the presidency. Yeah, that sounds really good. But the fact is,
Speaker 1: if the healthcare system was fixed financially, all that talk
Speaker 1: would go away. Because they hear about Canada. Oh, free
Speaker 1: healthcare in Canada. Yes, and you have to wait until
Speaker 1: you're almost dead to get it. But other than that
Speaker 1: it works out fine. Again, with the straits of horror moves,
Speaker 1: with the whole straits of horror moves, business and cutter
Speaker 1: and all sorts of things about the Middle East, and
Speaker 1: nobody understands. Absolutely nobody understands. It really comes down to
Speaker 1: the price of gas. That's all it is to most
Speaker 1: of us, normal people working the Great Shift, the first shift,
Speaker 1: it's about the price of gas. Now, Edward Jones, because
Speaker 1: of your twenty thousand foot view of the Middle East situation,
Speaker 1: what does what do you see as the future of
Speaker 1: the price of gas and oil futures in general?
Speaker 2: Sir, I would bet Walter well, first of all, the
Speaker 2: good news, so I say, if I can say good news.
Speaker 2: Regular gas today is four dollars and four cents a gallon,
Speaker 2: but that's trending a little bit up, you know, as
Speaker 2: the Brent crew oil barrel price goes up. Brent crude
Speaker 2: is the international barrel price that all of our gas
Speaker 2: prices here in the US are based on. It's a
Speaker 2: market price. So premium right now is looking at four
Speaker 2: ninety four. We're getting toward five dollars a gallon, and
Speaker 2: I said this before. You know, Fortunately, right now the
Speaker 2: demand for gases is a little off this summer, and
Speaker 2: it's keeping prices kind of level, but they're still trending
Speaker 2: up slightly. Four ninety four for premium, the mid grade
Speaker 2: is four point fifty five and your diesel is five
Speaker 2: thirty six. So you know, if I were buying futures contracts,
Speaker 2: I'd be saying I'd be betting that they're going to
Speaker 2: keep rising slightly. And this is due to two reasons
Speaker 2: that there's risk in the Middle East. Right now, there
Speaker 2: are four wars going on.
Speaker 1: No, no, don't go, don't don't talk about that. I just
Speaker 1: want to know about the price of gas.
Speaker 2: I just gave you the price of gas.
Speaker 1: But okay, that's enough. Now I have another question about gas.
Speaker 1: I can't get involved with four wars. I have daughters.
Speaker 1: There's just so many wars I can get involved with.
Speaker 1: That you mentioned about the mid range gasoline. There's premium
Speaker 1: and then there's cheap Who uses the mid range gasoline?
Speaker 1: Who exactly buys that? What car requires the mid price gasoline?
Speaker 2: To be honest with you, won't drive. I don't know exactly.
Speaker 1: Nobody knows. It's a conspiracy. There is no American car
Speaker 1: that you can buy and open up that manual and
Speaker 1: says we recommend the mid octane gasoline. And there are
Speaker 1: very few cars, hardly any, that want the premium. Now
Speaker 1: there are people who are grandiose that they want cars
Speaker 1: that take premium. I don't know anything about them. There
Speaker 1: are people who want the premium gas just because they
Speaker 1: think of themselves as premium people. But ninety nine end
Speaker 1: of Americans use the cheapest gas. If you're very fortunate
Speaker 1: to drive through New Jersey and you go into a
Speaker 1: gas station where they actually pump your gas, they actually
Speaker 1: provide this great service, and the guy looks at you, go,
Speaker 1: you go cheapest, Give me the cheapest. That's all most
Speaker 1: people know. Now, what is the price of the cheapest today?
Speaker 2: The price of the cheapest welter is four dollars and
Speaker 2: four cents a gallon.
Speaker 1: Again, and that's what most people use. But what is
Speaker 1: that mid range? See, even you an expert on the
Speaker 1: straits of harmus and oil, you don't know who uses
Speaker 1: the mid range? Neither do I Do you remember when
Speaker 1: you were a child that Snoko had like eight different
Speaker 1: grades of gas that they had a big dial on
Speaker 1: the side of the pump, like eight different grades of gas.
Speaker 2: That's right, it was twenty six cents a gallon there.
Speaker 1: Now, who would use all those other ones? You're getting
Speaker 1: crazy if you're gonna get fancy about the grades of
Speaker 1: gas you used, don't you think, Edward.
Speaker 2: I do think that, Walter, And quite honestly, I keep
Speaker 2: my eye on the premium fuel. That's that's where a
Speaker 2: lot of cars are today. They're using the premium and
Speaker 2: even if they don't have to, I think they do
Speaker 2: use it. But that's trending right now at four three.
Speaker 2: So we're looking at that five dollar point pretty soon.
Speaker 2: And if we're in a holding pattern, as they said
Speaker 2: the last show or the show before, we're a giant
Speaker 2: holding pattern right now with both sides looking at each
Speaker 2: other but not talking to each other. And as long
Speaker 2: as that stays that way, we'll be in this slightly
Speaker 2: rising level. But as soon as the market. By the way,
Speaker 2: these prices all reflect what the future is telling the
Speaker 2: mister and missus market, and so you know, if we
Speaker 2: if negotiations start to go down, then risk is going
Speaker 2: to go up and these prices will go up. It's well,
Speaker 2: you know over fire into five low fives would be
Speaker 2: five fifty. We don't know, but it depends on how
Speaker 2: the negotiations are going.
Speaker 1: Well, they're not going anywhere.
Speaker 2: They're not, I said, we're in a holding pattern, which
Speaker 2: is which is kind of good. But understand that mister
Speaker 2: and missus market look at the risk, and the risk
Speaker 2: is dependent on how the negotiations are conceding. So if
Speaker 2: it looks like the negotiations are going to collapse, right
Speaker 2: and they go back to shooting, we hope not, but
Speaker 2: then you'll see prices rise again. But right now we're
Speaker 2: in a holding pattern, and you know, Trump is hoping
Speaker 2: this will will last, you know, below five dollars or whatever,
Speaker 2: and so the midterms and the Iranians that they could
Speaker 2: care less. They're just imposing economic pain on the world
Speaker 2: with inflation. And I went to the grocery store the
Speaker 2: other the supermarket. Crustadians by the way, shout out, and
Speaker 2: prices are really high relatively speaking, and we're feeling.
Speaker 1: Well, well, they're cheaper than anyplace else. Go ahead, what
Speaker 1: were you saying.
Speaker 2: I'm saying that, you know, Iron's goal is to inflict
Speaker 2: economic pain. They want to see the higher prices. And
Speaker 2: as you said last night, they don't care about their
Speaker 2: people at all.
Speaker 1: I wasn't here last night.
Speaker 2: I'm sorry, Well, I'm mixed up. Monday morning. Monday morning,
Speaker 2: you said, you know, they don't care about it. They don't.
Speaker 1: They don't know. They're horrible. Yeah, they're horrible people.
Speaker 2: All right.
Speaker 1: Now, Edward Jones, how do we find you online?
Speaker 2: Oh? Okay, great, thank you. Well they listeners can find
Speaker 2: me at it's the at sign at Edward Jones NYC.
Speaker 2: Like from New York City, Edward Jones at Edward Jones NYC.
Speaker 2: On both X the former Twitter, thank goodness, elon Musk
Speaker 2: Rescue that I write on next almost every day, and
Speaker 2: also substack s U, B S T A c K.
Speaker 2: They'll find some wonderful writing there on all of this
Speaker 2: stuff and more. But anyway, I write every day, not
Speaker 2: only in this but on other things that you know,
Speaker 2: it's like my little magazine.
Speaker 1: Well to thank you, well, it's a lot of work.
Speaker 1: I appreciate it. Give us the the X handle again.
Speaker 1: Give it to us again without all that elaboration.
Speaker 2: Just tell it to us. The X handle is at
Speaker 2: sign at Edward Jones NYC. And that's it. And it's
Speaker 2: the same for substack