Oil has doubled and natural gas is up ~130%, since last year.

While the US is slowly adding back rigs we're still far below pre-pandemic levels.

![](https://cdn.commonstock.com/085ccc328f9cf1709f89fad5cda945127eabb65d91c635ddd2f684d47a7ff11a-519x375.png)

Increases in oil and gas prices lead to higher utility costs, which in turn can often decrease consumer spending.

If this pace continues we may see consumer discretionary companies negatively affected.

Curious what you all think given your knowledge in the oil and gas space?
@oilman69 @parrot @kygo @strib

_Source:_ Axios

Oil and gas are likely going to keep rising. The link between it and consumer discretionary is interesting. I think there is a point where it could hold down spending but don’t think we are there yet. Surprisingly consumer discretionary has held up remarkably well despite a rough two years so hopefully it can weather this storm too. 

sam stribling

Oil and gas prices + consumer spending

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