@SullyCNBCi
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CNBC TV (2p ET). Creator/author of weekly energy intelligence piece Power Insider. 50 states, 40 countries & counting. insta: BrianSullivan
America
Joined March 2009
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The best performing stock index between today (July 7) and the rest of the year will be:
Place your bets and lets track this puppy through the year.
40%Nasdaq 100
21%Dow Jones
28%SP500
10%Korea Kospi
515 votes • Final resultsSurprising, but also not surprising. Gasoline just doesn't have the same impact as food or insurance costs. Yet those don't get nearly the attention. We should focus on why those prices soared since the lockdowns. Something big changed. Ideas?
You know I'm not only a long-time auto racing fan .. but a racer myself. Started at 9 years old in high-speed karts (back when they were powered by coal) and raced cars since 1996.
So it's great to step out of day-to-day CNBC and talk racing and more with Steve O'Donnell, CEO of NASCAR. Fun fact: Steve is a New Jersey native who also lived in Egypt as a kid (the country, not New Egypt, NJ where there is a short track as I point out!)
We had the chance to sit down for a long(ish) interview about racing, the business of racing and even ... Cole Trickle (aka Tom Cruise).
Check out the interview and story below. Maybe we can get Taylor Swift out to a NASCAR race soon, since she's hanging with ole Cole (Tom) at football games these days!
See you on @PowerLunch in about 30 mins ...
cnbc.com/2026/09/17/nascar-s…
Diesel fuel prices keep creeping higher but thankfully still about 75-cents/gallon away from the all-time highs of 2008 era.
Spoke with trucking & logistics firm and so far no customer pushback on fuel surcharges .. but that could change if prices keep rising.
It's bad, but remember $6.50/gal today is not nearly as painful as $5.80/gal in 2008, inflation adjusted.
Bad, but manageable .. for now.
@CNBC @PowerLunch
It’s gonna be a good day. This legendary show finally out in full. #dead
Stuck between two huge generations -- boomers & millennials -- we Gen Xers (the true video game and internet generation) don't get the credit or love we deserve!
But we should be good for retirement as a huge group of people behind us will be of prime working age while we sit down with a cocktail.
Unless A.I. kills us all, of course.
Brian Sullivan retweeted
seeing a lot of foreign-based accounts that are suddenly experts on U.S. fuel station status. their tweets are going viral and alarm and panic is hitting Americans, but it's FAKE alarmism.
2.1 Million views. False propaganda by an IRGC agent account designed to look like the @KobeissiLetter so users confuse it as legitimate.
This has already debunked by @GasBuddyGuy. But the damage has been already done.
Follow @GasBuddyGuy for real data on fuel and - of course - @CNBC
Lots of “view farmers” out there. Some with an agenda. Be careful.
If it happens, the RenCen teardown/implosion is going to be epic .. and symbolic. The monster complex was the sign of a different time for Detroit: too large, too weird, too ... too.
Sleeker, smaller Detroit is the way forward ... as represented by GM's new HQ.
Thank you for coming to my Ted Talk.
The bankruptcy occurred a few days ago but this is not great for Europe's already struggling power producers. Investors need to know there's a return to make future capital investments.
2nd big solar company in Germany to file for bankruptcy in a few months.
The problem is too MUCH solar crushing prices. Odd problem to have!
The good news is operations and power production will continue.
OilPrice.com
Brian Sullivan retweeted
Replying to @SullyCNBC
We aren’t surprised by these results at all. Food costs across America are extremely high. We recently published this study on the topic. The grocery costs are even worse since publishing it. inspiredtaste.net/83903/comp…
Fed Chair Warsh says Fed doesnt have power to change energy and what's happening around Hormuz, but he adds the Fed can change "second order" effects of energy impacts
(I assume that means lower energy demand ...)
Hi from DC. Not sure if you’ve heard but it’s #Fed day. Let’s go! 3 minutes till a special 90 min show.
@KellyCNBC
Truckers less impacted than companies doing the shipping. Surcharges are on the rise, so trucker rates should stay constant.
Immigration and licensing the larger issue in the industry.
Replying to @SullyCNBC
We are waiting for all necessary goods to be increased big-time retailers aren’t gonna hold this down I feel terrible for the truckers and even our business price of fuels is crazy
Diplomacy only works if all sides have clear goals.
It's not clear what our goals are (regime change?) but also unclear who has the power to even make goals for Iran.
Xi could be the game changer, as China needs Iranian oil more than anyone. Their massive stockpiles mitigated initial impact, but they are now slowly coming back to market and paying a LOT.
Also from me --> my sources believe Khamenei faction is beginning to consolidate power but even best sources have an element of guessing right now.
Replying to @SullyCNBC
@SullyCNBC — Is diplomacy dead as a path to addressing the conflict? What happened to Pakistan’s mediation efforts? Thank you for reporting on the state of Iran’s domestic economy it seems increasingly challenged. Do you think Xi’s visit could lead to a diplomatic breakthrough?
Winner, winner!
Discretionary driving will often go down (aka demand destruction) when prices rise.
Plus, cars today are way more fuel efficient than in the past.
That + EVs + work from home = gas prices don't matter as much as they used to. They still matter - particularly to many working folks who have epically long commutes to work - but all the other price hikes of the past few years are more impactful.
Diesel a bigger issue, as the 'surcharge' on freight keeps going up. Watch that space.
Sure. Station owners *will* take profit when they can, because they may also often lose money on other loads. A normal station may refill its tanks every week or so .. prices can swing wildly in that time.
Replying to @SullyCNBC
Maybe you can explain to me how the price per gallon can go up $.52/gallon in ONE MORNING! No time for the tanks to be refilled. No time for the futures market to have any real effect on what they are paying when it's time to refill the tanks etc. I'm mystified.
I specifically didn't put interest rates/borrowing costs in this because those are often (though certainly not always) decided by factors other than necessity.