Today’s Gas & Diesel Price Updates

Crude is up by $2.40/barrel to $49.51, very close to the $50 test level. Geopolitics gets the credit for the upward prices. Traders don’t think much of the Iran peace possibilities, apparently. Gasoline jumped up by 6.29 cents/gallon at the average rack in Selma. Diesel fuel is up by 2.40 cents/gallon. Prices are:
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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

I read an interesting perspective the other day on the fight between David and Goliath. Both sides sent out their champions David, with no armor and no sword, just a stone slinger. Goliath had heavy armor of the day, with shield and sword. Goliath was the heavy favorite. It was said that David had killed both lions and bears with his sling. I never think about there being bears in the Middle East, preying upon sheep. It seems that ‘slingers’ were a part of every army of the day. The new account puts David as the favorite and that Goliath had no more chance against an experienced slinger than a swordsman had against a man with a rifle. Curious!

Crude is down by 49 cents/barrel to $47.47. Gasoline slipped by 0.86 cents/gallon at the average rack in Selma. Diesel dropped by 4.81 cents/gallon. Prices are:
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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

My prices disappeared on Thursday and Friday but showed up today? Go figure! Crude is down by 37 cents/barrel to $48.87. Gasoline dropped by 7.74 cents/gallon a the average rack in Selma. Diesel fuel is unchanged. Prices are:

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Have a great day,

-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 with the Saudi Arabian surplus, the total surplus adds up to a world surplus. Prices have to drop. Prices are:

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Have a great day,

-Larry Hopkins

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 lead to big time flooding. The dollar index is  down to 96.96. WTI moved up $0.88/barrel to $47.45. Gasoline is up by 3.60 cents/gallon at the average rack in Selma. Diesel fuel is unchanged. Prices are:

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Have a great day,

-Larry Hopkins

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 our country’s history due to oil. Boom!

Crude is down by 57 cents to $43.98/barrel. I am thinking it should drop below $40. Gasoline is down by 3.96 cents/gallon at the average rack in Selma. Diesel fuel is down by 3.62 cents/gallon. Prices are:

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Have a great day,

-Larry Hopkins

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 & 3).  With the decisions of interest rates announced today, crude increased $1.85/barrel to $44.55. But nothing has significantly changed. We still have a growing crude surplus.
Gasoline jumped up by 5.65 cents/gallon at the average rack in Selma. Diesel fuel jumped up by 6.70 cents/gallon. Prices are:

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Have a great day,

-Larry Hopkins