Oil Slick Stuff

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Warning-

Price of reformulated gasoline at the wholesale level jumped by 14 cents a gallon today.

Better top off tonight, before that price jump works it's way down to retail stations, soon.
 
Fillerup while its Low! If the Market continues up Oil and Gas will follow!!:suspicious:

Oil rebounds from steep sell-off on higher stocks, jobs data
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By Moming Zhou, MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures rallied more than 5% Thursday, gaining the most in more than three months as a broad rally in equity markets and a decline in continuing U.S. jobless claims improved sentiment in the energy markets.
http://markets.usatoday.com/custom/...S&guid={E2DC9201-8FAD-4BA7-A0DB-D904E0242EC5}
 
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PessOptimist said:
Too late! It's gone up almost $.20 in the last five days. Or do you mean it's going up even faster? $2.58 here
Click to expand...
After today and yesterday I'd say there is a Great Chance the price will go higher, UNLESS the Market drops off the edge of the WALL of WORRY.:o
 
Inventories high, demand low, Oil and Gas following the Market HIGHER and HIGHER, WHERE are the REGULATORS????? They are dropping the ball AGAIN!!:nuts:

Oil jumps more than 5%

Crude futures rebound to near $67 a barrel as Wall Street rallies and data spark optimism.

Last Updated: July 30, 2009: 3:55 PM ET


Click the chart for current oil prices
Gasoline prices and taxes by state


Prices at the pump can vary widely among states, due in large part to vastly different levels of gasoline tax. More

NEW YORK (Reuters) -- Oil jumped more than 5% to near $67 a barrel Thursday as economic data sparked fresh optimism that the recession may be bottoming out.
http://money.cnn.com/2009/07/30/markets/oil/index.htm?postversion=2009073015
 
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nobody gave the pit traders an advanced copy of the GDP report?

... hmmm gdp better than expected = higher oil
gdp meets expectations = recovery = higher oil
gdp below expectations = "we're bottoming" = higher oil
gdp very bad = "look at the cash for clunkers program, talk about pent-up demand!!!!" = higher oil

i'm in the wrong business...
 
Damn!! Is anybody steering the ship??? Who's at the helm, NOBODY!? I have had it with the Current Administration we're being governed by a bunch of idiots, we need to FIRE them ALL!! And YES, I do think I could do better, my 8 year old Grand Daughter could do better than this. At least she knows the difference between right and wrong. What happened to good old common sense and honesty?:nuts: Thanks I needed that. View attachment 6621
 
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Gas on the rise!!

NYMEX NYH RBOB Gasoline: [ CLICK] NYH RBOB Gasoline
07/31/09
07:46.........$1.9775.....+.0136
08:58.........$1.9750.....-.0161
10:16.........$2.0102.....+.0191 Gas back up lover $2 a Gallon!!!!:eek:
 
GDP indicated that the Economy is beginning to recover along with a lower Dollar, that drives the price of Oil and Gas higher! As they say "Read em and Weep".:sick:
 
That, inflation concerns, recovering? dollar and climbing interests rates are all in the future. Historically a horrible mix but for the next few months...who knows?
 
Anyone here have a good chart symbol for retail GAS?

I've been using $GASO, but I'm not sure if there is something better out there.

View attachment 6624

As for as Oil goes I've been using $WTIC, if anyone wants to suggest something better, feel free to do so. ;)

View attachment 6625
 
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nnuut said:
Woe - is - Us :(
Click to expand...

Nah.

It's time to break your addiction. When the price of your petroleum Heroin goes up, switch to something else.

E85 now expanding in Georgia----read it and shout for joy- American made fuel.
======================================================

"E85 is currently available at the Walthall gas station on Riverside Dr. and Tom Hill Senior Blvd. in Macon. By the end of the year, Georgia Clean Cities Coalition hopes to have 50 E85 service stations throughout the state, 14 of those in Middle Georgia."

http://wmgt.com/index.php?option=com_content&task=view&id=2094&Itemid=2

It's in the E85 Prices database ... http://e85prices.com/georgia.html
 
JTH said:
Anyone here have a good chart symbol for retail GAS?

I've been using $GASO, but I'm not sure if there is something better out there.

View attachment 6624

As for as Oil goes I've been using $WTIC, if anyone wants to suggest something better, feel free to do so. ;)

View attachment 6625
Click to expand...
Not really but I like NYMEX RBOBhttp://www.nymex.com/rb_fut_condet.aspx?product=RB&month=Aug&cmonth=Q&year=9&currPrev=C, it is the price the majority of retailers pay for READY REFORMULATED Gas in the USA. Which encludes WTIC http://stockcharts.com/h-sc/ui?s=$WTIC.
As far as a Chart I would like to find a good one.
 
Why do they do this kind of stuff on a Stinkin' Monday?

Oil climbs near $71

Futures rise to a one-month high after crude supplies in China decline and stocks advance.

August 3, 2009: 7:10 AM ET


Click the chart for current oil prices.




LONDON (Reuters) -- Oil rose to a one-month high near $71 a barrel on Monday as positive Chinese economic data and firmer equities bolstered hopes of economic recovery and higher energy demand.
The market climbed about 2% last week -- the third straight week of gains -- which helped to reverse steep losses in the middle of the month and brought July's monthly decline to a marginal 0.6%.
http://money.cnn.com/2009/08/03/markets/oil.reut/index.htm?postversion=2009080307
 
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Dollar giving me HeartBurn, along with an improving economy (:laugh:) causing the price of Oil and Gas to spike!! At least that is the excuse THEY are using to run up the price!!

Profits down for Chevron, does that tell you something????? YES, the demand is down and the coffers are full, inventories are high BUT the price continues UP UP UP!!

Chevron's profit plunges 71%

The oil company says second-quarter earnings were 87 cents per share, versus expectations for 97 cents.

July 31, 2009: 9:27 AM ET

NEW YORK (Reuters) -- Chevron Corp. reported a 71% drop in second-quarter profit Friday as oil and gas prices fell from a year earlier and the economic slump shrank demand for fuel.
The second-largest U.S. oil company posted net profit of $1.75 billion, or 87 cents per share, down from $5.98 billion, or $2.90 a share, a year earlier.
http://money.cnn.com/2009/07/31/news/companies/CVX_earns.reut/index.htm?postversion=2009073109
 
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