Entries by Larry Hopkins

Today’s Gas & Diesel Price Updates

From Bloomburg: Have you ever seen an oil rig walk? Some of the newest rigs can travel hundreds of yards to the next well under their own power, lurching along like 150-foot-tall robots on hydraulic legs that raise the equipment five inches at a time, nudging forward at about a foot per minute. While that sounds slow, it is faster […]

Today’s Gas & Diesel Price Updates

Bad news. Bloomburg: Oil capped the biggest three-day gain in 25 years after OPEC said it’s ready to talk to other global producers to achieve ‘fair prices’ and the U.S. government reduced its crude output estimates. Crude traded in New York surged 27 percent in three days, the most since August 1990 when Iraq invaded Kuwait. […]

Today’s Gas & Diesel Price Updates

Prices are Up. No panic. We are near the end of the month and traders are settling their positions. Gasoline jumped up by 8.76 cents/gallon at the average rack in Selma. Diesel fuel is up 6.18 cents/gallon. Crude jumped up by $2.64 to $45.22/barrel. Prices are: Have a great day, -Larry Hopkins

Today’s Gas & Diesel Price Updates

From Bloomberg; Even amid the worst price crash in a generation, that continues to be true for some companies. Pioneer is expected to spend$735 million more this year than it generates in cash. Cimarex, which lost almost $1 billion from January to June, has fallen just 6.4 percent so far in 2015 even as U.S. […]

Today’s Gas & Diesel Price Updates

This is a meaningful event. WTI has dropped below the support level of $40 to $38.32/barrel or 92.24 cents/gallon. Gasoline plummetted by 9.58 cents and regular unleaded is now well below $2 at the rack, at the average rack in Selma. Diesel fuel dropped by 8.69 cents/gallon. Celebrate! Celebrate! Dance to the music! Prices are: […]

Today’s Gas & Diesel Price Updates

I lost my e-mail service but it is back so this change will be for two days. Crude is down 26 cents to $40.45/barrel. Gasoline is down by 8.26 cents/gallon at the average rack in Selma. Diesel fuel is down by 7.92 cents. Prices are: Have a great day, -Larry Hopkins