Entries by Larry Hopkins

Today’s Gas & Diesel Price Updates

The Dollar Index is at 97.25. Crude is unchanged at $47.48/barrel. Gasoline is down by 1.55 cents/gallon at the average rack in Selma. Diesel fuel is down by 2.35 cents/gallon. I still believe prices have to drop, for crude then gasoline/diesel fuel because Saudi Arabia is pumping all they can. With the U.S. surplus coupled […]

Today’s Gas & Diesel Price Updates

Spring arrived last Friday at 6:45 p.m. I looked around and all of the Bradford Pears were in full bloom. Now, the Japense cherry trees are blossoming. It is  suppose to be 84 degrees  by Thursday and Friday. Maybe we are skipping Spring and going on to Summer. A quick meltdown over the country could […]

Today’s Gas & Diesel Price Updates

Our country will continue to overproduce until some producers go bankrupt and there is a consolidation of the low cost producers. Unless they can drink the excess crude, we will need to export it. The ships go out with crude and the wealth comes back to our country. We are expeiencing the third boom in […]

Today’s Gas & Diesel Price Updates

The Fed meeting today has riled all of the markets. They have cut their interst expectation for the year, now 0.6252 %. Beginning in June, the Fed will raise rates 0025%. (I hope that this means that the Fed can now unload the trillions of dollars of bond papers that they purchased under QE1,2 & […]

Today’s Gas & Diesel Price Updates

It appears that Germany has finally decided to eject Greece from the EU. It is about time. They never should have been allowed in to begin with. Everyone will be better off including Greece who can float their currency giving them cheaper exports to trade. Crude has dropped another $1.19 to $42.70 or about f$1.00/gallon […]

Today’s Gas & Diesel Price Updates

The dollar Index is now worth over a dollar or 1.0018 against all the major currencies in the world. It will go higher. Crude dropped $2.26/barrel to $44.84. It has to go lower. We are pumping a million barrels (42million gallons) per day more than we can refine. Expect to see a bill introduced into […]