Today’s Gas & Diesel Price Updates

I am reseeding my lawn which was killed by brown rot or some such. The only place grass was growing was in my brick walk where I did not want it.

We will be working on Monday, full office staff and Driver Team.

Gasoline is down by 1.93 cents at the average rack in Selma. Diesel fuel is up though by 1.72 cents. I would expect diesel fuel/heating to be going up with Winter coming. Gasoline consumption is dropping in this country with the newer engines and lighter vehicles.

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

One of my pet peeves, I make a lot of mistakes dialing the touch telephone. And the reason is I also use a ten key calculator too and they are exactly opposite. My fingers learn one and then makes mistakes on the other. I would really love to buy a phone with keys like a calculator. That’s just me.

Surprise, we got another good drop in prices. Remember the oil guru Tom Kloza  gave 13 reasons why prices would be lower in the Fall than the Spring. Gasoline dropped by 6.4 cents/gallon at the average rack in Selma. Diesel fuel slipped by 2.07 cents/gallon. Prices are:

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Printable Reports

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

I am late today, because my prices just came in. Yesterday’s price drop was probably due to end of the month traders settling their futures. The DOW dropped 230 yesterday because the FED officially ended Quantitative Easing. I call it diluting the dollar. Watch the dollar rise. West Texas Intermediate crude is presently trading below$ $89/barrel.

Gasoline inched up by 0.15 cents/gallon at the average rack in Selma. Diesel fuel moved up by 2.20 cents/gallon. Prices are:

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Printable Reports

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Good news. The Dollar Index against all the world’s major currencies is now at 85.06 cents. I have always said the dollar should be worth, well, a dollar. We can buy more goods in the world. More importantly for our fuel prices, crude is traded in dollars so as the dollar goes up, the price of crude goes down. The dollar is the highest it has been since June, 2010 and has had the longest weekly growth since 1967. The dollar dropped at the same time that Quantitative Easing began, gasoline prices climbed, and it is no coincidence that when the Fed quits diluting our currency, that the dollar is now rising, gasoline prices are falling. People say that the Republicans want to export our crude and that is all true. It is a good thing to rebalance our imports  with exports. The tankers go out and wealth comes back. We will be a richer country. At present exporting crude is against the law, but it is legal to export gasoline and diesel, refined products, and the U.S. has already closed 15 refineries in Europe by underselling them. The end of Quantitative Easing and the rise of interest rates will further strengthen the dollar as the Euro falls due to their own quantitative easing and easing interest rates. While we were easing, they did not have to do anything. Our companies could buy European and other of the world’s companies with their increased buying power. Without government interference, our capitalist system is just like a real Monopoly Game, there would ultimately be one corporation that owned everything. Those who predicted the fall of the U.S.  and its Empire were premature. Whoops!

I would like the infrastructure for natural gas and crude, meaning pipelines, to become so extensive, to become so productive that we won’t need Middle Eastern oil and we can pull our carrier battle groups out of the  Gulf or Hormuz if we wanted and never have to risk another US service man over oil. Our President just doesn’t get it with his green programs. Green is dollars and safety. The US has 11 Super Carrier Battle Groups. We downsized, we used to have 12. No other country can afford even one super carrier fleet. It has been Pax Americana, American Peace, ever since WWII. World trade is made possible by the US Navy, a force for good. The Cuban missile crisis showed how little the USSR could do  to stop the US Navy. After that event, the USSR started building up its own blue water navy but it was rusting and mothballed in the Black Sea after the breakup of the Soviet Empire. You can bet Putin is and will be using his own oil money to rebuild the Russian Navy. In fact they say they will increase their fleet to 206 ships, adding 80 vessels, by 2010. In comparison, Reagan built wanted and got a 600 ship navy that could control all the 7 of the world’s choke points at the same time. The Russian Black Sea fleet is based in port in the Crimea and that is why Putin annexed it. NATO has been conducting stepped up naval exercises since the annexation. NATO as members bordering the Black Sea, Turkey, Bulgaria, and Romania.  The Crimean port is Russia’s only year round port. The rest are frozen half the year. That is why Russia has the most and the most powerful ice breaking ships. Russia would benefit from global warming by being able to sail over the poles. But so would we. The long sought Northwest Passage  would be much shorter to go over poles from the East Coast to the West Coast or back, than going through Panama. We might find we have more arable land in Alaska and Canada and a longer growing season, but so would Russia. Plants grow better in higher concentrations of CO2. The earth has had much colder periods and much warmer periods like the time of the dinosaurs, and life survived. Winners and losers. New York might be a loser and have to become New Amsterdam once again and build dikes like Holland.

Crude is at $92.94/42 gallon barrel today or $2.212/gallon. Gasoline is up by 1.16 cents/gallon at the average rack in Selma. Diesel fuel is up by 0.63 cents/gallon. Prices are:

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Have a great day,

-Larry Hopkins