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Tempest said:
nnut- I'm curious was does regular cost at COSTCO in Georgia-here COSTCO is $3.04 and the cheapest gas on the Hawaiian Islands (Maui, Kauai, Hawaii and Molikai get it from Oahu via fuel barge. And yes they pay more then Oahu.)

FWIW We refine our on gasoline here [I think the oil comes from either Indonesia or So. Calif.] The airlines, military and various South Pac island -out side of Hawaii-also get our refined products.
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COSTCO in Charleston SC $2.74 a Gal. Charleston is one of the cheapest on the Mainland.:D
http://www.southcarolinagasprices.com/Charleston/index.aspx
 
http://biz.yahoo.com/special/invest050707_article1.html

The Complete User's Guide to T. Boone Pickens


By James Altucher
Stockpickr.com

T. Boone Pickens is perhaps the world's greatest oil investor. He's been drilling for oil, buying oil companies and running oil-based hedge funds since 1951 and right now he's saying oil will top last year's high of $78.80 and break through $80. "You will have to stop the demand with price," he said at a recent Milken Conference.
 
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$61.16 -.77 at 09:09, Do I hear $60? OH Yeah!!:D

05/07/2007 - Updated 9:28 AM ET
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Crude futures pressured by rising supplies

By Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Crude futures fell on Monday, extending their prior-session losses, as rising supplies continued to exert downward pressure on energy prices.
Crude oil for June delivery fell 74 cents, or 1.2%, to $61.21 a barrel on the New York Mercantile Exchange.
"Front-month NYMEX crude prices stabilized around $62 after the five-day drop last week that shaved about $5 off prices," said analysts at Action Economics.
markets=COMMODITIES&guid=%7B2876D23A%2DADB2%2D4B5E%2DB8F1%2DE8B5245F4215%7D
 
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$61.56 +.09 at 07:20

http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=June&cmonth=M&year=7&currPrev=C
Oil hovers near 7-week low

Crude prices steady above $61 as investors look at whether current stockpiles can satisfy summer demand.

May 8 2007: 6:03 AM EDT


LONDON (Reuters) -- Oil prices hovered near a seven-week low above $61 Tuesday, as investors looked at crude stockpiles to see whether they could meet upcoming demand.
Despite unseasonally low gasoline stocks in top consumer the United States ahead of peak summer demand, investors have begun focusing on rising crude stockpiles and the promise of increased refinery motor fuel output.
U.S. crude was up three cents at $61.50, having hit its lowest since March 22 in the previous session.
London Brent crude rose 40 cents to $64.84 after an 87-cent drop on Monday that took six-day losses to nearly 6 percent or $4.
"There is increasing confidence that crude oil supplies will be sufficient to meet demand in the U.S. summer driving season," said Commonwealth Bank of Australia in a report.
Weekly U.S. fuel stocks data is due for release on Wednesday. Gasoline inventories were expected to have snapped a 12-week string of draws last week, rising by 100,000 barrels, a preliminary poll of Reuters analysts found. Crude stocks were also expected to have risen again.
Get ready for $4 gasoline
Signs of recovering U.S. oil supplies have outweighed bullish news out of OPEC producer Nigeria, where around a quarter of output is shut following rebel attacks.
Fighters from the Movement for the Emancipation of the Niger Delta destroyed three major oil pipelines in Nigeria's southern delta on Tuesday, the group said in an email statement.
The MEND said Agip's Brass terminal, which normally exports about 200,000 barrels per day, had been affected. Agip could not immediately be reached.
The news comes a day after villagers with machetes and sticks forced Chevron (Charts, Fortune 500) to shut down an oil production site pumping 42,000 bpd.
Some analysts have said oil's slide -- its longest losing run since early September, but not its steepest -- has been aided by soaring metals markets, which have captured investor attention and limited any bargain-hunt buying.
Tokyo platinum futures prices hit a record high on Tuesday while copper and zinc have also surged.
Poll: Most Americans expect $4 gasoline

Oil refinery capacity on the rise
http://money.cnn.com/2007/05/08/markets/oil.reut/index.htm?postversion=2007050806
 
$61.71 +.24 at 09:46:o
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=June&cmonth=M&year=7&currPrev=C

05/08/2007 - Updated 9:48 AM ET
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Crude-oil futures edge higher on supply worries
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By Polya Lesova,
MarketWatchNEW YORK (MarketWatch) --

Crude-oil futures edged up Tuesday, boosted by concerns about supply disruptions after a militant group attacked and destroyed three oil pipelines in Nigeria, but gains were capped by expectations of bearish inventory data later this week.
Crude oil for June delivery rose 12 cents to $61.59 a barrel in electronic trading.
://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BF9BDA4A8%2DB4E1%2D476B%2DB087%2D6ADAA692B7E2%7D
 
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Nigeria unrest fuels oil gain

Crude prices rise as eighth-largest exporter experiences new attacks on oil pipelines; U.S. forecasted to see stronger second-quarter demand.

May 9 2007: 7:45 AM EDT


LONDON (Reuters) -- Oil rose slightly on Wednesday on a rally fired by new attacks on Nigeria's oil industry, forecasts of stronger second-quarter demand in the United States and a harsh Atlantic hurricane season.
U.S. crude gained 12 cents to $62.38.
http://money.cnn.com/2007/05/09/markets/oil.reut/index.htm?postversion=2007050907
 
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Gas Station that was order to raise its prices must be located in a communist state:nuts: .....have we gone that far???? What happen to free enterprise.....???

Friday .....it will be interesting to me to see what happens with the options and the markets........how about U?
 
It works in MYSTERIOUS WAYS and it's a MYSTERY to me, but I know one thing for sure, there are CROOKS envolved!:nuts:
 
USNAVYRETIRED said:
Nnuut... The last time gas prices were at $3 a gal, was when a barrel was at $70. This time the prices didn't even get to $70, and now they are at $61.65 and we are at or above $3 a gallon. I think someone is lining their pockets with liquid gold!!! :mad:
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According to those that know this kind of stuff it's because the refineries can't process the crude into Gas to meet the demand. Yeah, right! we need more refineries but they haven't built any in about 30 years, that is what I call preplanning higher prices!!:mad:
 
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