Oil Slick Stuff

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Yes I live in central Boiled Peanut Georgia. Turning to the right some would be good for us! I've been in 4 Hurricanes make this one number 5!
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Just passed the BP down the block from me and gas was $3.89/gal. Friday it was $3.65. The speedway around the corner is still $3.67 and the cheapest is $3.44/gal. but that is 5.4 miles from my house.
 
OPEC+ to cut oil production by 2 million barrels per day to shore up prices, defying U.S. pressure

OPEC and non-OPEC partners on Wednesday agreed to impose deep output cuts, seeking to spur a recovery in crude prices despite U.S. pressure to pump more.
Oil prices have fallen to roughly $80 a barrel from over $120 in early June amid growing fears about the prospect of a global economic recession.
Click to expand...
https://www.cnbc.com/2022/10/05/oil...duction-cuts-in-a-bid-to-shore-up-prices.html
 
Within a half mile of my house a BP has gas at $3.69/gal and a Speedway has gas at $3.39/gallon. Diesel is over $5.00/gal.
 
Just drove past a BP station about a mile from me and they jumped from $3.89 yesterday to $4.29 this morning. All the other stations are still sitting at $3.89. Of course the one station across from the BP is $3.69.
 
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Oil is nearing the lowest price of the year. A good news / bad new situation. :eek:

Good news for consumers. Possible bad sign for economy. Maybe a double bottom bounce here?

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According to Gas Buddy within a 5-mile radius of me gas is $3.09 to $3.79. The closest gas stations to me are $3.45 to $3.49 per gallon.
 
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