gas price thread

[Eclectic]

Thursday morning $3.29. Thursday afternoon $3.39. Friday morning $3.39. Friday afternoon $3.89. $0.60 in less than 24 hrs in SoCal.

 

[The fingers]

Up a dime overnight. :x

 

[markz]

$1.10 cdn/ltr here = $4.16 cdn/usg = 5.41 usd/usg
1 usg = 3.785 ltrs
$1 usd = $1.30 cdn

 

[nicobie]

3.99 at the cheapo stations in 93436

 

[dnmun]

$2.95 at my regular cheapo place but just saw another at $2.92 close by the other way across the river.

 

[tomjasz]

$2.74 in tropical Minnesnowta.

 

[The fingers]

Down a nickel.

 

[dnmun]

my cheapo is down to $2.91 and the cheaper place is $2.89 but i think California has received a shipment of the gasoline components from Korea so that may account for the lower price there now.

oil had staggered in front of the Iran nuclear talks settlement and sagged more than 10% last week and i think it made low for the cycle overnight monday when it got down to $49.85 or so. that is kinda like the low from the selloff of the climb from the february lows.

i am hoping the Iran fear is all speculators hype and now WTI has made a new base. i finally bot back some of the oil producers i like who had been selling off in a panic when i thought they had made a bottom last week but got in too quick but they were stronger today after collapsing yesterday.

active rigs in the Bakken is now down to 68, down about 70% and all the boom towns are now deserted and 200-300,000 laid off and equipment now sold at auction so even if the price of crude comes back it will take another 10 years of strong pricing to bring US production growth back to the levels of a year ago. amazingly we still have 9.6mmbopd production in the US with 65% of the rigs laid down.

 

[LockH]

"IT'S OFFICIAL: Oil is in a bear market"
http://finance.yahoo.com/news/official-oil-bear-market-184247526.html

A bear market is roughly defined as a 20% drop from highs. Crude has now fallen by about 20% in the last six weeks.

 

[The fingers]

Regular grade $3.79, supreme $3.99 per gallon.

 

[The fingers]

Regular grade $3.74, supreme $3.97 per gallon.

 

[dnmun]

$2.91 at my el cheapo and $2.89 at the cheaper el cheapo across the river.

 

[yoyoman]

sigh, still $3.95 in San Diego.

 

[The fingers]

http://www.dailynews.com/business/2...gest-daily-drop-in-3-years?source=most_viewed
Dropped 5 cents an hour after I filled up. :x

 

[yoyoman]

I've noticed that it's been dropping, so I waited as long as I could before getting a fill up today at $3.85. I purposely didn't get a full tank since I think it will continue to drop.

 

[The fingers]

Regular $3.45, supreme $3.65 per gallon.

 

[Dauntless]

Yesterday it took a big drop, so I figured I could fill it up rather than waiting another day. Dropped another 6 cents, durn it.

 

[tomjasz]

$2.59

 

[The fingers]

Down another 2 cents.

 

[The fingers]

Regular $3.35, supreme $3.55 per gallon.

 

[striider]

$2.62 at Sams. I sure do hate filling up the 29 gallon tank on the gas guzzling Suburban. Wish I could figure out how to pull my camper with my ebike...

 

[dnmun]

you could leave the camper with the suburban and take a tent in a honda wagon. then it would be 40mpg and the cost would be 6 cents/mile instead of 25 cents/mile. plus it will go into places the suburban will not. love the honda wagon.

$2.84 here at the cheapo spot. crude made a new low today, but has recovered a little. now at $44.94 overnight, up from the 44.20 low.

gotta start the rally somewhere. it is rumored that andy hall has lost $500 million in the last move down trying to get ahead of the market. sometimes the gods fall from the sky.

 

[The fingers]

Regular $3.49, supreme $3.69 per gallon.

 

[dnmun]

$2.77, crude made a new low at $43.72 friday but when prices were this low for crude back in feb and march gas was $1 cheaper.

 

[The fingers]

Regular $3.13, supreme $3.43 per gallon. :?