Retirement Update (Oct '26) - Christian Cyr, CPA, CFP®

Okay, the first thing we're going to talk about, you watch these videos, so you weren't surprised.

I know you all watch them.

Two months ago, I told you this.

Our country has a strategic petroleum reserve.

It is at a 40-year low.

Some experts are saying that the price of oil could go up by as much as 50%.

Inflation is the most important thing that we watch.

Now, It's fun and easy to say, yeah, I was right, but I guess you could see the writing on the wall.

The point was that we're bringing it to people's attention because I don't think it was at the forefront two months ago.

Now it's October 1st.

Gas prices are soaring.

Diesel is at all-time highs.

It's interesting to drive and see such high diesel prices in some states like California.

Diesel in some gas stations at some point last month was over $9.99 a gallon.

So gas stations were having to try to figure out how they could put an extra digit, $10, onto the sign.

But I just want to say we've had some discussions.

A lot of our advisors have been talking to you, and there's been discussions about this.

With regards to oil, it seems as though experts are saying that right now crude is $107 a barrel.

It is supposed to go down to 74.

The experts say it's going to be down to less than $75 a barrel in 2027.

So there's basically three reasons.

The first reason is that politics.

Politics are always important.

I've always said this current administration loves to I shouldn't say that.

Our administration tends to make decisions that seem to boost the market, the stock market.

Okay, the first thing we're going to talk about, you watch these videos, so you weren't surprised.

I know you all watch them.

Two months ago, I told you this.

Our country has a strategic petroleum reserve.

It is at a 40-year low.

Some experts are saying that the price of oil could go up by as much as 50%.

Inflation is the most important thing that we watch.

Now, It's fun and easy to say, yeah, I was right, but I guess you could see the writing on the wall.

The point was that we're bringing it to people's attention because I don't think it was at the forefront two months ago.

Now it's October 1st.

Gas prices are soaring.

Diesel is at all-time highs.

It's interesting to drive and see such high diesel prices in some states like California.

Diesel in some gas stations at some point last month was over $9.99 a gallon.

So gas stations were having to try to figure out how they could put an extra digit, $10, onto the sign.

But I just want to say we've had some discussions.

A lot of our advisors have been talking to you, and there's been discussions about this.

With regards to oil, it seems as though experts are saying that right now crude is $107 a barrel.

It is supposed to go down to 74.

The experts say it's going to be down to less than $75 a barrel in 2027.

So there's basically three reasons.

The first reason is that politics.

Politics are always important.

I've always said this current administration loves to I shouldn't say that.

Our administration tends to make decisions that seem to boost the market, the stock market.