Monday, September 7, 2026

WTI Trending Toward A $93-Handle -- September 7, 2026

Locator: 51682WTI.

WTI: opens Sunday night at $92.63, up $1.15; up 1.26%. Later, overnight: up $3.00; trading at $94.44. I’m still amazed that two weeks ago, folks felt Iran was going to capitulate and the price of oil was going to plummet.

Don't even get me started: 

The British tax: $30,000 on a $120,000 car = $150,000 (in Britain, the price of the car embeds the VAT.

California tax: $8,000 to $12,000 on a $120,000 car (in California the sales tax is added after the sales price; tax varies based on zip code where the new car is registered.

Texas: exactly $7,500 in 2026.