Today’s Gas & Diesel Price Updates

Dollar is down to 95.21 cents and the Fed held steady on interest rates but the stock market falls? Go figure. Crude moved up by $1.71/barrel to $58.57. Gasoline is unchanged down 0.09 cents/gallon at the average rack in Selma. Diesel moved up by 2.73 cents/gallon. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Prices are stable today. The rise in crude prices has been driven by the war in Yemen. The air war picked up again on Friday. The concern is for problems in Saudi Arabia. They are the heart and soul of OPEC. U.S. rigs continue to come off line. Crude is down by $.47/barrel to $56.68. Diesel fuel is down by 0.46 cents/gallon. Gasoline is down by 0.37 cents/gallon at the average rack in Selma. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

From all the pictures one sees of Cuba, they must have the best collection of classic , mostly American, cars in the world. We could do a great trade in classic cars for new cars in Cuba.

Gasoline inched up yet again, up 1.62 cents/gallon at the average rack in Selma. The street is still about 10 days behind but this will move the needle.  Diesel fuel is up by 0.96 cents/gallon. Crude  slipped $.47/barrel to $57.15. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Bad news. A second day with strong price increases. Gasoline jumped up by 5.55 cents/gallon at the average rack in Selma. Diesel fuel is down by 3.95 cents/gallon. Crude moved up by $1.29/barrel to $57.62.  Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Google has made a change in the order it presents web results. Mobile-friendly websites will rank higher than sites that aren’t mobile-friendly. Good thing I had Uncle Jake Media, my webmaster, to rewrite the Hopkins Oil website for mobile applications. Mobile is the fastest growing web search.

Gasoline jumped up by 4.21 cents/gallon at  the average rack in Selma. Crude dropp 2 cents/barrel to $56.33. Diesel slipped by 0.97 cents/gallon. I am still searching for a reason that prices bumped up. We do have a number of refineries off line for maintence in  anticipation of the summer driving season. We will see as they come back on line over the next month and prices then drop as a result. Prices are:
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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

The CITI crude oil guru was on Squawk Box this morning. Apparently, he thought that crude oil would be down to $30/barrel at this time. Instead, crude is up 60 cents/barrel to $56.34. He was at  a loss to explain it.
Saudi Arabia is still producing at full capacity, regaining market share. The glut in production in the U.S. will continue until the end of the year, dropping each month, but will still be an excess of demand. One cannot go from so much excess there is no where to store crude and drop down  zero excess. Something is just not adding up. Now if you told me that Congress had passed a bill permiting the export of crude, then I could explain it.  Very odd.

Gasoline slipped by 0.60 cents/gallon at the average rack in Selma. Diesel fuel went down by 1.42 cents/gallon. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Crude prices are still moving up $0.73/barrel to $56.63. I think the bet by traders is on the European economy  picking up and demand for oil moving it up because of that. But one has to think that with every dollar that crude goes up, more drilling rigs go back to drilling and more crude oil pumps are being turned back on (they are electric powered). I think it will peak and start back down. Meanwhile, the street has become a believer and stations are starting to raise their prices. Gasoline inched  up by 0.92 cents/gallon at the average rack in  Selma. Diesel fuel is up by 3.65 cents/gallon. Prices are:

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Have a great day,

-Larry Hopkins