Today’s Gas & Diesel Price Updates

The Europeans continue to moan about Greece. I cannot imagine why for the life of me. When Greece first asked to join the European Common Market, they were rejected, but they were given a list of goals they had to meet, tough spending goals. About a year later, the Greeks reported that they had met all of the goals. There must have been a Trojan horse involved because they were admitted WITHOUT PROOF, like a gentlemen’s agreement. Guess what. They kept to their usual ways. Why doesn’t the EU just cast Greece free and quit worrying about it. Everyone including the Greeks would be better off as they could let their currency float. But what do I know.

Our own Dollar Index is up another cent to 98.53, closer to a dollar in value. Crude, traded in dollars should decrease in cost with the increase in the dollar’s strength.  Crude is down by $1.32 to $48.75 or $1.1607/gallon or about half what it was last year.  I only see it going lower. New drilling may have slowed down but the existing rigs are still pumping an overabundance.

Gasoline dropped by 5.98 cents/gallon. Diesel fuel is down by 2.52 cents/gallon. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

I am working from my office computer (Monday night) while the tech works over my home laptop. Hopefully, all will be well after tomorrow.

Gasoline is down today by 3.93 cents/gallon at the average rack in Selma. Diesel fuel is down by 7.12 cents/gallon. Crude is $49.87 so still below $50/barrel. Prices are:Screen Shot 2015-03-02 at 10.29.02 PM

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

The reason that prices have gone up for the last 4 weeks on refined product is the ever increasing slowdown at refineries due to a strike by refinery workers that continues to spread. Crude is still abundant and increasing and West Texas Intermediate dipped below  $50 to $49.90. There is every reason to see it drop down to $40. Gasoline prices have gone up about 28 cents the last four weeks due to the strike. When refinery workers strike, typically, a small team of engineers try to run the refineries and camp in around the clock.

Gasoline is up today by 2.0 cents/gallon at the average rack in Selma. Diesel fuel slipped by 0.76 cents/gallon. Prices are:Screen Shot 2015-02-24 at 11.35.07 AM

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

My laptop at home is still down and I am at the office. The Dow jumped up 155 points on Friday to 18,140 which is great for those who own stock. Those who do not have not benefited from the improving economy. What will help the rest of the country will be $1 savings per gallon of gasoline. People are being smarter because the first consideration  buying a car now is mileage.

Crude is down to $50.78/barrel and I think it will continue to drop because the oversupply will continue. Producers have to cover their debt and they must have the cash flow. Temporarily, we will have supply disruption that increase the price. Gasoline is up by 4.51 cents/gallon at the average rack in Selma. Diesel fuel moved up by 1.56 cents/gallon. One cause might be a strike at Shell’s refineries. Port Arthur the huge refinery new Houston, which produces 21 million gallons per day, has already been struck. My brother in law was a chemical engineer for Sunoco. When strikes occurred a handful of engineers had to run the whole refinery in place of hundreds workers. They just socked themselves in until the strike was over.

Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Prices of crude are volatile, but I still believe that prices will drop to $40/barrel because so many small producers went into debt to buy equipment, cement and steel, and they have loans to pay so they must have cash flow from crude sales.
Gasoline bumped up by 5.53 cents/gallon at the average rack in Selma. Diesel fuel is unchanged. Prices are:

Screen Shot 2015-02-20 at 11.52.06 AM

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

I am still having problems with my laptop at home, so prices are late. Only Sidney and I are in the office as of yet. The driver’s are expected about 10:00 a. m. and we will get moving.

These are today’s prices:
Gasoline is down by 2.38 cents/gallon at the average rack in Selma. Diesel inched up 0.34 cents/gallon. Crude is sitting at $52.81/barrel. The rebound apparently has much to do with the war in Libya where production is down. Decreased supply. Prices are:

 

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

The Dollar Index is just below 95 cents. Five more cents to go and our dollar will be worth a dollar against an average of the world’s  major currencies. Crude dropped below $50 now $49.49/barrel. Gasoline is down by 1.98 cents/gallon at the average rack in Selma. Diesel fuel slipped by0.80 cents/gallon. Prices are:

 

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Have a great day,

-Larry Hopkins