Oil Slick Stuff

Sort by newest Sort by date
It varies here too. One at 2.71, some at 2.91. Up this week between .10 and .15. Figures, I need gas. Old question, is it worth driving 30 miles to save $2? 30 mile will burn one gallon depending on traffic. Burn $2.73 (current tank) to save $2? Why not, then I can brag I got cheap gas.

PO
 
I mostly use Kroger because I get a discount from 3 cents low up to 50 cents a gallon depending on how much I spend at the store, and it's right down the street!:banana:
 
Brent crude closes at highest level since Nov 2014 after OPEC refuses to boost output

  • Brent crude breaches $81 a barrel — its highest level since November 2014 — on the back of a tightening oil market and OPEC leaders signaling they won't be immediately boosting output.
  • Oil producers led by OPEC refused this weekend to agree to a production hike, despite President Donald Trump calling on them to take action last week.
  • The market is growing concerned about undersupply as U.S. sanctions on Iran threaten to reduce supply by about 1 million barrels a day.

https://www.cnbc.com/2018/09/24/bre...ighest-since-2014-as-oil-market-tightens.html
 
Gas prices in Southern California are rising toward $4 a gallon

By James F. Peltz
Sep 27, 2018

Gasoline prices are climbing toward $4 a gallon in Southern California, boosted in large part by a rise in worldwide crude oil prices.

The average pump price for regular gas in the Los Angeles-Long Beach area stood at $3.736 a gallon Thursday, up nearly 60 cents, or 19%, from a year earlier, according to the American Automobile Assn.

Prices for midgrade and premium blends have climbed to $4 or more a gallon at certain stations in the area.

The average regular price for all of California stood at $3.683 a gallon, up 18% from $3.114 a year earlier, the AAA said. It's still well below the state’s record high of $4.671, set in October 2012.

Part of the increase in the last year reflects a 12-cent increase in California’s fuel excise tax that went into effect in November, bringing that state tax to 41.7 cents a gallon. [more]

Gas prices in Southern California are rising toward $4 a gallon - Los Angeles Times
 
[h=1]OPEC 'powerless to prevent' oil prices jumping toward $100 a barrel this year:eek:[/h]
  • China initially rejected a U.S. request to choke off the flow of petrodollars to the Islamic republic but, amid intense pressure from the Trump administration, the Asian giant is now reportedly taking steps to comply.
  • OPEC kingpin Saudi Arabia is thought to be unable to fully offset global supply disruptions over the coming months.
  • And "this essentially leaves the world's only swing producer powerless to prevent a supply shock and subsequent price spike in the final quarter of this year," Stephen Brennock, oil analyst at PVM Oil Associates, said in a research note published Monday. [more]




https://www.cnbc.com/2018/10/01/oil...o-prevent-prices-surging-to-100-a-barrel.html
 
Gas around here has gone to $2.95 per gallon and they are talking $3.00+ in the near future.

The west coast was even more expensive around $4.00/gallon (San Francisco and Seattle)

Victoria, BC was $1.39/liter (just over $5.00/gallon American)
 
[h=1]Gas Prices Continue to Rise[/h] Posted By: Staff Reportson: October 09, 2018In: Alabama News, Featured News, Georgia NewsPrintEmail

The national gas price average increased three-cents on the week to $2.91. All but seven states are paying more on the week. Today’s national gas price average is six-cents more than a month ago and 41-cents more than a year ago.
“The September switch-over to winter-blend gasoline ushered in cheaper gas prices compared to the summer, but that drop was short lived,” said Jeanette Casselano, AAA spokesperson. “Crude oil accounts for half of the retail pump price and crude is selling at some of the highest price points in four years. That means fall and year-end prices are going to be unseasonably expensive.”
Crude oil has priced higher amid concerns of global crude supply and geopolitical tensions, including pending sanctions with Iran and Venezuela’s unstable economy.
As a result, fall gas prices have not been this expensive since 2014. At that time, motorists were paying on average more than $3/gal and crude oil was selling well above $70/bbl. This year, despite stocks increasing in the U.S. by 8 million bbl on the week, crude oil is selling at a good $25/bbl or more than last year, hitting $75/bbl last week. [SEE MAP]

Gas Prices Continue to Rise | Coosa Valley News
 
'Colossal collapse' in gas prices expected heading into midterm elections

Nathan Bomey, USA TODAY Published 9:18 a.m. ET Nov. 2, 2018 '


Gas prices are expected to plunge sharply in the final days leading up to the midterm elections, potentially nearing $2 per gallon at some stations in low-tax states.
The sudden respite at the pump comes from sharply lower oil prices and declining wholesale gasoline prices.
Oil Price Information Service analyst Tom Kloza said it could amount to a "colossal collapse" in prices for consumers: from a $2.78 national average on Friday to as low as $2.50 by Tuesday.[more]


https://www.usatoday.com/story/money/cars/2018/11/02/gas-prices-midterm-elections/1850410002/
 
E10 averaging around $2.90 per gallon here. I noticed last week that the local Safeway station has been running about $.10 higher than the cheaper places. So much for those bonus points.
 
Oil prices tumble anew, with record skid set to continue



Published: Nov 13, 2018 5:27 a.m. ET


Oil prices fell anew on Tuesday, continuing a slide that has West Texas Intermediate crude in the grips of the biggest losing streak in more than 30 years.
Picking up on losses that heated up in Monday’s extended session, crude for December delivery CLZ8, -1.94% fell $1.43, or 2.4% to $58.51 a barrel. Another down day for oil will mark the 12th consecutive decline, the longest series of losses for the commodity since WTI started trading in 1983, according to Dow Jones Market Data. Monday marked an 11th straight loss for the contract.
After falling into a bear market last week—defined as a drop of at least 20% from a recent peak—a tweet by President Donald Trump on Monday added to oil’s woes, as he voiced disapproval over a potential production cut by Saudi Arabia and OPEC, and said prices “should be much lower based on supply!”
Brent crude LCOF9, -1.97% tumbled $1.48, or 2.1%, to $68.62 a barrel. Brent is also flirting with bear-market territory.
“Anyone who thought that the U.S. president’s verbal attacks on OPEC would come to an end after the US congressional elections has been proved wrong, in other words. The question now is how Saudi Arabia and OPEC will respond,” said analysts at Commerzbank in a note to clients. [more]

https://www.marketwatch.com/story/o...e-with-record-skid-set-to-continue-2018-11-13
 
111318c.gif


 
You must log in or register to reply here.
Back
Top