Here's What Happened Inside Convenience Stores When Gas Hit $4

Trump Threatens To 'Take Out Entire Country Of Iran' Tomorrow Night, Demands 'Free Traffic Of Oil' In Hormuz Summary:  Trump threatens "Iran can be taken out in one night... maybe tomorrow"; Warns 'every bridge and power plant' will be destroyed WSJ reports US military is making preparations for potential strikes on energy targets in Iran A Sunday night Axios report on a US-proposed 45-day ceasefire has by Monday morning been rejected by Iran, which later on Monday issued a 10-point letter via Pakistan.  Israel strikes large petrochemical plant at South Pars, which is responsible for...

Nation's Largest Power Grid Declares Emergency As Hot Temps Collide With Maintenance Shutdowns A short-lived heat blast across the Midwest and Mid-Atlantic overlaps with scheduled power plant shutdowns for seasonal maintenance on PJM Interconnection's grid, which serves 67 million people from the Mid-Atlantic to Chicago. PJM was forced to declare a low-level emergency for Tuesday and Wednesday as 60 gigawatts of capacity remained offline. Bloomberg reports that the squeeze sent spot power prices skyrocketing across PJM's Western hub to $1,021 per megawatt-hour Tuesday afternoon, more than double the day-ahead average for that...

Housing Starts Collapse Near COVID Lows As Homebuilder Confidence Crashes Following the collapse of Homebuilder confidence (due to mortgage rates, war, and immigration apparently) and the still vast gap down to homebuyer confidence... ...it should be no surprise that homebuilders are unwilling to Start building (Housing Starts -5.2% MoM in September and August revised down to a 5.9% MoM plunge) or even more forward looking, get Permits ( -0.2% MoM)... On a SAAR basis, Starts are back near post-COVID lows while Permits are holding near the lows of a four year range... Starts...