Oil Slick Stuff

[nasa1974]

Gas around me just jumped .20 a gallon yesterday. It's $3.59. I don't know if it's market BS or they are getting ready for the influx of people for the solar eclipse. Maybe both. :banghead:

 

[nasa1974]

Yesterday the Speedway right around the corner from me had gas for $3.45/gal. Today it is $3.75/gal.

 

[nasa1974]

Gas has slowly been coming down around me. Today it is $3.23/gallon. I filled up on June 1st at $3.39/gallon. It would be nice if it can still drop some more and not have a 40-cent spike soon.

 

[nasa1974]

Dang, gas down to $3.13 by me. Three miles down the road it's $2.99. It's a BP and I can get $0.15 off a gallon. Too bad I don't need gas.

 

[nasa1974]

Gas around me just jumped to $3.59/gallon. What the heck.

 

[weatherweenie]

Oil prices are around 2009 levels. More evidence of greedflation.

Gas around me just jumped to $3.59/gallon. What the heck.

 

[nasa1974]

So this morning the Speedway by me was $3.39/gal. That was around 9:30am. By 1:00pm it was $3.69. Dang.

 

[tsptalk]

I don't know what the lag effect is between oil and gas prices in your area, but gas may be going higher based on the recent rally in oil, unless they are watching the daily oil prices and gouging in real time.

 

[nasa1974]

Now it's down to $3.29. Maybe someone punched the wrong number into the overhead sign yesterday.

 

[nasa1974]

This is crazy. Earlier this week the gas stations around me were $3.29/gal. Yesterday they all jumped to $3.69. Today they are anywhere from $3.29 to $3.59 all within a mile and a half from me. The market is nuts.

 

[rangerray]

These high fuel prices are really hurting people.


Scott Harrison
Senatobia, MS

 

[nasa1974]

These high fuel prices are really hurting people.


Scott Harrison
Senatobia, MS

It's a domino effect. What's frustrating is that gas will drop slowly over two maybe three weeks from where it is to maybe around $3.15 to $3.25 and then overnight spike up 30. 40 or 50 cents. Gas could be less expensive, but the big boys don't want to lose the million-dollar profits.

 

[tsptalk]

U.S. crude oil rallies more than 3%, tops $79 as Pentagon sends more forces to Middle East

U.S. crude oil extended last week’s gains as Middle East tensions continue to weigh on the market.

Futures are trading higher even as OPEC lowered its demand forecast in part because of economic uncertainty in China.

Crude oil prices today: WTI tops $79 per barrel

 

[nnuut]

Yes!!!! That's Oil Slick Stuff!!!

 

[tsptalk]

Oil is tumbling this morning.

 

[nasa1974]

I wonder if that will make a difference at the pump. $2.89 to $3.59 around me.

 

[tsptalk]

It should, but they are not as quick to drop gas prices when oil falls, as to raising prices when oil is up. :soapbox:

 

[tsptalk]

OPEC+ members delay plans to hike production by two months after oil price slump

Members of the OPEC+ oil alliance have delayed plans to hike production by a scheduled 180,000 barrels per day in October, according to two OPEC+ sources, who could only speak anonymously due to the sensitivity of talks.

The increases were part of a plan to gradually return a broader 2.2 million barrels per day to the market over the following months.

The 2.2 million-barrel-per-day decline had been a short-term voluntary cut implemented by just eight members of the OPEC+ alliance.

OPEC+ members delay plans to hike production by two months after oil price slump

 

[tsptalk]

Crude prices fall more than 5% as Israel not expected to strike Iran’s oil industry

World oil demand is expected to slow this year and in 2025 as consumption in China is particularly weak, according to the IEA.

OPEC cut its 2024 forecast for the third month in a row this week.

https://www.cnbc.com/2024/10/15/crude-oil-prices-today.html

 

[tsptalk]

Oil is plummeting today...