Today’s Gas & Diesel Price Updates

I really can find no reason for the price of oil going back up. The glut is still there. The dollar is still rising (94.647) and there is every reason to expect it to continue. I look at our dollars as stock certificates in our country and our stock is going up. The economy is still picking up thanks in part to cheaper gasoline and diesel prices. Unemployment is down to 5.7% and salaries are starting to rise. I know I have given few raises these last lean years but I would like to. Crude is up today by $0.74/barrel to $51.69. Gasoline is up by 2.97 cents/gallon at the average rack in Selma. Diesel fuel is up by 3.48cents/gallon.

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

The stock market jumped again and carried our prices with it. Gasoline is up by 3.53 cents/gallon at the average rack in Selma. Diesel fuel is up by 4.83 cents/gallon. Crude moved up by $2.04/barrel, now $50.95. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

More bad news, or no news that I can find on why prices are going up with a bullet. Gasoline jumped up by 4.78 cents/gallon at the average rack in Selma. Diesel fuel jumped up by 7.55 cents/gallon. Crude oil moved up again, up by $2.11 or $52.08/gallon. Prices are:
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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

I have no definitive reason for these prices increases, more big jumps today. What might have started the price increases was a strike by refinery workers. That might explain refined products but I am not sure why
Crude is up to $49.97/barrel. Gasoline is up by 7.78 cents/gallon at the average rack in Selma. Diesel fuel is up by 7.01 cents/gallon. Prices are:Screen Shot 2015-02-02 at 11.27.46 PM

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Bad news, all prices have jumped up, but don’t be alarmed. I can find no news articles that will account for this jump in prices. Look at the calendar. This was the last trading day of the month. I would bet a bunch of traders got on the wrong side of their shorts and had to buy up to satisfy them. Gasoline jumped up by 6.98 cents/gallon at the average rack in Selma. Diesel fuel jumped up by 7.02 cents/gallon. If I am right, then prices will come down on Monday about as much. I will be out of the office from Monday thru Thursday, traveling to Nashville for the Shell convention. Prices are:Screen Shot 2015-02-01 at 2.22.04 PM

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

I have always tried to attach the OPIS as proof of our average rack prices, but a guy named Scott Berhang called today and accused me of copyright infringement if I continue to post the OPIS copies on our website. You may  verify this fact and contact him at:

Scott H. Berhang
Director, Client Relations and Education
OPIS
Direct: 301-287-2332
Cell: 240-994-9200
sberhang@opisnet.com

It seems he will not verify the price but he will sell you the OPIS prices for Selma. Actually, they will give you thirty days free in most cases so if you ever doubt me, call him for a free trial.

Gasoline moved up today by 2.95 cents/gallon at the average rack in Selma. Diesel fuel is up by 1.75 cents/gallon. I wonder who turned me in? I think it might be my competition. That would be my first choice. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Crude is still dropping and will until it reaches a natural bottom just like natural gas did here. The US is now the highest producer of natural gas in the world and has plenty to export, and will become the largest exporter in the world this year. Saudi Arabia is the only member of OPEC that has discretionary barrels to give, but if they cut protection, the world price of crude will increase, and U.S. producers will double down on their efforts to up production, taking more and more of the world’s market share. This is the third BOOM our history fueled by oil. Lower prices will put a $1000 into the hands of every worker, on average, in this country. Your fleet costs will be down 25 to 33% this year. BOOM!

Crude is down today by $0.72 to $45.59/barrel. The Dollar Index is almost to 95 cents (94.99). Only 5 more cents to go until our dollar is worth a dollar. Gasoline slipped by 0.30/cents/gallon. Diesel fuel edged up by 0.83 cents/gallon. Prices are:
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Have a great day,

-Larry Hopkins