Today’s Gas & Diesel Price Updates

West Texas Intermediate Crude dropped another $2.19/barrel to $47.95 or $1.14/gallon. WTI is the world standard. Saudi and Venezuelan crudes are ‘heavy’ crudes and much harder to refine. The same is true of Canadian crude from shale ore which is trading at $33/barrel.  Crude from North Dakota is high quality, and clear, the color of a Coke, but it has a lot of natural gas dissolved in it which makes it more volatile to transport by rail. Gasoline eased by 1.21 cents/gallon at the average rack in Selma. Diesel fuel is down by 2.51 cents/gallon.

What lower prices mean for this country, the consumer will jumpstart us out of this slow recovery. Our recovery will bring back China and the rest of the world’s economies.
Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

The Dollar Index is now over 91 cents, only 9 cents more to rise against the world’s other major currencies.  The Chinese should be happy with that as they are holding a lot of our paper and will be repaid in higher valued dollars. Crude is paid for in dollars so despite the price of crude has dropped ($52.69 today), the dollars paid are worth more give the producing countries more buying power from their crude.  Gasoline is up by 1.06 cents/gallon at the average rack in Selma. Diesel fuel is down by a healthy 3.89 cents/gallon. However, our State has increased the road tax by 1 cent/gallon on gasoline and diesel fuel. Your prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

The rain finally ceased yesterday. People were making Noah’s Ark jokes. Job sites will not dry out for at least a week, maybe by next year. The good news……the drought is over…….and over,………and O-ver.

Prices today are unchanged at the average rack in Selma. Most oil companies offices are closed. The dollar closed over $0.9003 average against the world’s important currencies. Ten more cents to go and a dollar will be worth a dollar. Crude dropped by 87 cents/barrel to $54.73. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Saudi Arabia is concerned for their market share as well they should be. If they hold the price up by cutting their production, then the United States will take even more of their market share. The U.S. has already closed 15 refineries in Europe by shipping refine products there. The Republicans are proposing to change the law against exporting crude oil. When that happens then Cattie bar the door. Our ships go out with crude oil and return with wealth. Our balance of payments is shifted favorably. The transfer of wealth has reversed. We will keep and accumulate more wealth.

Our GDP increased by 5% from July until November, the largest increase in more than ten years. Our Stocks are at an all-time high. The dollar is increasing in value. Our companies will buy out other companies in the world based upon the strong dollar.

We will increase our interest rate slightly, maybe ½ percent this year and the dollar will trade even higher as no other currency is as strong or as likely to appreciate. Investors will buy dollars.

Iraq, Iran, Russia, Venezuela, and other countries will have less money to invest in weapons. They will have to invest in their people or face revolution. Iraq oil means ‘Kurdistan’ which will be a separate country from Iran and friendly to the U.S. It will also remove the wealth from the rest of Iraq which hates our guts.

As for North Korea, I still believe we have our Star Weapons in space though there is not record of us ever using them. Some such strikes might be mistaken as drone strikes. I picture a solar powered Gatling gun firing lasers (at least two Star Wars Weapons, one to cover the other if attacked), at least that is how I pictured it. If that is true, we could dissolve the North Korean offensive weapons. ZAP! As far as cyber  warfare, I think that could make some of the best books/movies for the next ten years, as long as they incorporate plenty of action, sex, machismo, etc. Maybe Sony needs to explore their real hacking story as a movie and make lemonade out of lemons. That is my definition of genius.

Bad news, temporarily, prices rebounded. Gasoline jumped by up by 11.72 cents/gallon at the average rack in Selma. Diesel fuel is hardly changed, up a mere 0.10 cents/gallon. Crude moved up by $1.17/barrel to $56.77. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

It is with great pleasure that I inform you that gasoline dropped 11.59 cents/gallon at the average rack in Selma. We are very close to a floor at $2.00 including taxes. After four years of this miserable economy, we all deserve this. Diesel fuel went down by 2.58 cents/gallon. Crude is down by $.92/barrel to $55.60. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

The dollar is the highest it has been in five  years, just about the time of all of that Quantitative Easing. We will receive an increase in Federal Reserve rates next year and the dollar should strengthen. Bloomberg News:

“The U.S. dollar looks like the safest currency,” Geoffrey Yu, a senior currency strategist at UBS Group AG in London, said by phone. “If you look at price action, if you look at positioning, it looks like people don’t want to own anything else.”

Good! Dollar worth a dollar, crude at $40/barrel, gasoline at $2.00/gallon. Economy will break out. We grow stronger. Our enemies become weaker, Russia, Iran, Venezuela.  All those who talk as though the United States’ strength is in the past. Wrong! It has only just begun. Government did not save us and never will. It was individual ingenuity. We need to Brain Drain the rest of humanity and keep that spirit alive by attracting the best and smartest people on the planet to come here. It won’t be China with their billions. It will be our country with the smartest people. No other country can welcome that kind of diversity, except perhaps Canada and let it thrive in an atmosphere of free will.

The DOW has rebounded near its high. Crude moved up by $1.64/barrel to $56.52. Gasoline edged up by 0.80 cents/gallon at the average rack in Selma. Diesel fuel is up by 2.03/gallon. Prices are:

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Printable Reports

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

I have attached the best summary of what is happening with prices that I have found. The author predicts the lowest low for gasoline is $2 so that is what I would like to see in gasoline prices. The dollar clicked back up over 89 cents again. We need 11 more cents for our to be  worth a dollar. Why not, our country is on cruise and the rest of the world is sputtering. The lower gasoline prices will jump start this economy and this retail Christmas.
Crude dropped by $1.67 to $54.88 headed to a natural state near $40/ barrel. Gasoline is down by 2.08 cents/gallon at the average rack in Selma. Diesel fuel dropped by 4.37 cents/gallon. Prices are:

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Printable Reports

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Crude oil production in the U.S. last week hit the highest since records were kept in 1983 or 9.14 million barrels at 42 gallons per barrel. It is not going to stop. The Kurd area  of Iraq intends to increase production, not decrease, by 100,000 barrels  by March to 500,0000 barrels per day. OPEC is talking market share, having lost most of the U.S. market. Crude bumped up over a dollar today but it was the last day of a trading session and traders have to settle their positions. Crude is at $56.55/barrel. Gasoline moved up by 1.08 cents/gallon at the average rack  in Selma. Diesel fuel jumped up by 6.76 cents/gallon. Prices are:

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Have a great day,

-Larry Hopkins