Today’s Gas & Diesel Price Updates

The news is GSK, Glaxo Smith Kline, with 2500 employed in RTP is planning to shut down all R&D here in favor of Philadelphia and London. I remember when Burroughs Welcome completed that building in the Triangle that was unique in that not a single room was the same size. After the dedication for the building was completed, the company sued the builder Daniels International, the same company that build CP&L’s nuclear site in New Hill with terms cost plus 10%. I heard they sent their junk equipment to New Hill then replaced all of it was new equipment at the stock holder’s expense. CP&L  had a nuclear plant that cost 10x the estimate and only one reactor instead of four. What did the company do, they name the plant after the guy that ran our electric bills from the cheapest in the nation to the higher end of electricity cost. That would be Sharon P Harris.  What a scam. Duke Power had their own engineers design and build their nuclear plants in house. I give them credit for that. What I would like to see Duke Energy in their budget to bury all of the electrical lines in the this city, safe from hurricanes, tornadoes and ice storms. Plus, it would look much more beautiful without tacky wires ruining every photograph you want to take of your home.  Again, much an energy company’s labor is ‘loaded in’ like the fire department. Much of the time the crews are staged, waiting for a call. They could spend this time burrowing wires and like the fire department that takes its fire trucks and crews to inspect fire hydrants, they would be ready for a emergency, drop some heavy metal plates over the exposed hole and take off.  I should like to point out, that I have called Duke Energy for a free survey at our Hopkins Oil office and warehouse and they have refused to come both times. We are here in Raleigh not the Great Dismal Swamp. Since I made this recommendation, my electric bill was forced into accepting a bank draft. Their logic was, I had paid my bill late four times in the previous year.  I should like to point out my staff pays four Duke Energy bills, all four of them with one check, but only the one in my personal name was forced onto bank draft. One bill is still in my Dad’s name at the bulk plant. The other two are in Hopkins Oil’s name. We continue to pay the other three with one check. And Duke Energy continue to pay tree companies to butcher the trees underneath power lines. I have seen trees they decapitated and others they just gave a butch haircut. How lovely they looks in our civilization. If their company culture is to react to my criticism with their power doing their talking, I would also question their best efforts to clean up their coal ash containment ponds. They are running a lot of PR ads by Duke employees saying how their company and ours will do the right thing. I also remember back in the 1960’s when CP&L was running all those t.v. ads about how luck we were to have them as our electricity supplier and they were and are a monopoly. It is like Direct TV or cable, where you have an alternative.

GSK has a big manufacturing plant in Zebulon that makes Altair inhalers, and that drug is coming off patent, so instead of increasing the  R&D budget to try and refill their drug pipeline, some genius decided to cut R&D by a third. Once the bleeding starts in R&D here in January, it will not stop. Many of the best people will bail rather than wait for the other shoe to drop. Multinational drug companies have a problem, it is harder and harder to have a big blockbuster drug to support their size. The problem with, say, cancers, there might be 80 different types. A market test might show 18% success rate for one type of cancer and by the major drug company would deem that drug a failure. But if a gene test shows that people with those special genes will have a tendency  to form one form of the 80 cancers and one drug might be very effective at curing one cancer. What we need is multiple drugs to treat multiple forms of the same disease. Now a much smaller startup might find that same 18% success and market it and thrive with its much lower base. I would predict many of these bright people fired from GSK will come back with small startups that hit it big, for their relative size. What will GSK do, try to buy all of the startups?  It might be better to take these bright minds and actually finance their best ideas, giving them the freedom to work and be successful and share in their success. We do have three pharmacy schools in this state now, Chapel Hill, Wingate and Campbell and 15 other community colleges offering technical degrees.
UNC is rated #2 in the U.S. When I was there, they were not in the top ten, or even 20. I left there in 1972 but another guy Fred Eshelman graduated the same year and later donated $38 million to the Pharmacy School. They renamed the school after Eshelman in 2010. Mr. Eshelman announced another donation of $100 million to UNC, the largest contribution in the University’s history. He started two drug companies and succeeded with both. He is an inspiration  to us all.
That has nothing to do with our gasoline and diesel prices.  The market took a hit today with the DOW down by 268 points. Since the recent recession destroyed my IRA, I have no dog in the hunt. My dog is this fuel/gasoline hunt. Can you stand some good news? Gasoline dropped, the word is dropped, by 8.48 cents at the average rack in Selma. Diesel fuel dropped by 5.38 cents/gallon. Crude dropped by $1.65 per barrel to $61.55, very close to the $60 threshold. If the WTI price drops through that level, then we would have a big free fall. Price are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

A new pipeline came on stream last week operated by Enbridge LLC, the Flanagan South Pipeline is moving crude from Pontiac, Illinois to Cushing, OK  the giant crude hub in the center of the country. This pipeline can carry up to 880,000 barrels per day or 36,960,000 per day, that’s PER DAY.  This is the first pipeline completed to move crude south from the North of our country. Keystone is complete from Cushing to Houston and the major refineries. I would guess why there was not major fervor against Flanagan, because this crude is not produced from shale, with its environmental problems and open pit mining used in Canada. I think we all believe in a quality environment, clean air and clean water, but some people take it to another level, usually where one finds religious fanatics. My brother-in-law put it best, ‘If we listened to those guys, we would all be living in caves!’.  Perhaps when they die and go to Environmental Heaven they will be given a virgin as their reward. Of course, the virgin might be male or female, but if one is a Pure Liberal, he or she won’t care .

Crude dropped $2.79/barrel to $62.84. Gasoline dropped 4.53 cents/gallon at the average rack in Selma. Diesel fuel dropped 6.83 cents/gallon. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

The dollar crossed up and over the 89 cents mark against a basket of the world’s top currencies. I would like to see our dollar worth a dollar, so 11 more cents to go. Stocks closed at a new record high Dow total of 17,959. I think the stronger dollar plus the U.S. economy’s rising, is attracting foreign investment. Just buying stock traded in dollars means the stock is going up as the dollar increases. Also, crude oil is traded in dollars which pushes down the price of crude. Boone Pickens was on the talking shows trying to talk crude up. No luck. U.S. production will continue to increase. Many of the frack wells are in the $40 range. There will be no decrease in efforts to produce more crude in the U.S. because of the lower price. Hear me. Crude will continue to drop in price until it is so cheap that then and only then will efforts slow, wells capped, much as happened with natural gas in the U.S.. President Putin, pronounced Pooh TIN, close to Pooey! Will be encouraged to attack Ukraine. You know the Ukraine was the bread basket of the Soviet Union. That was why Hitler wanted the Ukraine and Poland as territory for the future of the greater Germany. That is why the SS was killing all of the people as they went. It wasn’t just the Jews, though they got special attention, Hitler and his group intended genocide of all the people in the East so they could colonize their land with pure Germans. The Soviets found all of those mass graves when they returned, filling them with a terrible rage.
Pooh Tin may chose a diversion into the Ukraine to take his people’s minds off the Russian economy. We should provide the Ukraine with a dozen or so M1 Abrams tanks so they could take out all the Russian tanks, assuming the Abrams could carry enough shells. The Ukrainians need some Apache helicopters and a couple of squadrons of F17 all-weather fighters with advance missiles and telemetry.  The Ukraine needs to train with NATO and receive proper training and equipment so they can defend themselves.

Why does China keep barreling along even under their communism and Ukraine and other countries cannot prosper the same way? What is the difference? How do we help the Ukraine get moving in a capitalist system and earn a better life for their people? What do they need to do? If it farming is knowledge, maybe we can bring some of their people over here, thinking wheat, and they can have an exchange with our Midwest farmers, show them what we are doing to increase  yields. I am sure they could teach us something also.

The new job reports came out this morning and it was 80,000 higher than the experts predicted hitting new jobs growth of 321,000 last month. That is why the stock market set a new record today.  Crude dropped another dollar today to $65.63/barrel.

Gasoline is unchanged, down 0.08 cents/gallon at the average rack in Selma. Diesel fuel slipped by 0.40/gallon. Prices are:

 

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Saudi Arabia cut the cost of crude to the U.S.  by $1 which means Shell gasoline will be more competitive as Motiva Enterprises in the 36 states in the East plus Texas is a 50/50 marketing company between Aramco and Shell Oil . Crude is not likely to go up any time soon, now $66.67/barrel. I think the smart MBA’s Saudi Arabia employs, all educated in the U.S. have figured out that they can keep market share by dropping their price until the shale oil companies in the U.S. and Canada cannot compete at such a low price. Believe me, this is good news for us.

Gasoline moved up by 1.23 cents/gallon at the average rack in Selma. Diesel fuel dropped down by 2.82 cents/gallon. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

The dollar is gaining strength against almost every currency in the world but averaging 88.6 cents against a  basket of the world’s major currencies. This aids Russia because crude is valued in dollars and the ruble is being devaluated against the ruble, meaning they receive more rubles for their crude oil sales. Nevertheless, Russia is in trouble because they have little else to trade in the world and crude is dropping in value. All the Mideast countries are in trouble which is okay with me, along with Venezuela, not a favorite of mind. You come against my people, you will have bad luck. As the dollar rises, the world will invest in U.S. stocks because their investment will go up with the dollar in worth. Make sense? Our ships send out refined gasoline and diesel fuel into the world and wealth comes back to us, helping to balance our balance of payments. U.S. crude is merely reaching a steady state in prices that natural gas has already arrived at.

If we could form a Greater United States with Canada and Mexico, it would no longer be them against us, especially with Mexico, it we become WE THE PEOPLE, IN ORDER TO FORM A MORE PERFECT UNION. The think tank book that I read predicted strife between Mexico and the U.S. for the next 40 years over immigration, or so, until we submit to a more open border out of necessity due a worker shortage. Why not skip all of that strife in the middle and make all Mexican citizens to be citizens of the United States. I would not change anything in their local governments as long as they were democratic. And if Canada wants to keep their parliamentary system locally then no problem. Change only what has to be changed. True, Canada would have to give up their Prime Minister and Mexico would have to give up their President, but one or both might end up as a Vice Presidential candidate first and then groomed to become the President of the Greater United States. Come live your lives with us as WE, the best is yet to be. It is ironic, that I take a stand against a blanket amnesty for a few million Mexicans but can make the leap to grant citizenship to 104 million Mexicans. It comes with the territory, the greater territory and the strength to compete with China in the future. Again, it isn’t us against them. It will now be We. Americans like Mexicans, they just hate the breaking in line, cheating scenario. It is different when they are our brothers and citizens, a different framework. They and Canadians are family. The largest problem we will have in investing in former Mexico and States of the United States is the culture of graph as a way of doing business. If we take the money we are wasting with Pakistan and such countries (hiding Osama Bin Laden in plain sight). They will continue to hate us without our money which we could send into Mexico, but managed in such a way that the money landed on mark, not lining some officials pockets. Canada could keep their present health care system. I might take decades until we realigned all programs into one. I have no problem with that, just set your sights on the horizon and keep marching towards it without a lot of arbitrary deadlines.  We can do this with time and patience, just keep moving forward together.

Listen to this Christmas music: Crude is down by $1.62/barrel to $67.56/barrel. Gasoline is down by 4.63 cents/gallon at the average rack in Selma. Diesel fuel dropped by 6.50 cents/gallon. MUSIC! Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

THERE IS NOTHING BLACK ABOUT THIS FRIDAY!!

I cannot believe my eyes. Bloomberg is showing West Texas Intermediate down by $7.54/barrel. OMG! I tried to find a story on the same page. One said OPEC is holding fast. That means the Saudi’s are holding fast because the rest of the OPEC crooks pump as much as they physically can all of the time, but they expect the Saudi’s to do the cutting for them. Good luck on  that!  Like I said before, ½ of Shell or Motiva in the eastern 36 states and Texas is a 50-50 joint marketing effort. With Saudi Arabia. They must cut their price on crude in order to compete in the U.S. Another had a headline “Why are crude prices falling”. They , to summarize, said that oil would trade in a narrow range from $81 to $76/barrel. They sited the cold weather holding up prices and the heavy demand which would hold prices up. Something is wrong. The chart is showing the lower price but the story underneath on a list is much different. I dropped the Bloomberg website and went to DTN which was also showing WTI at $66.15/barrel also. Merry Christmas and a  Happy New Year! Wait until this price filters down to the street and retail sales for this Christmas will be record breaker.

Refined product haven’t dropped as yet. This was the last trading day of the month and traders were consolidated their positions. We will find out on Monday how real this drop is. Gasoline edged down by 0.58 cents/gallon at the average rack in Selma. Diesel fuel slipped by 0.39 cents/gallon in spite of all that snow and cold weather. Prices are:

 

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Our office will be closed on Thursday for the purely American holiday, Thanksgiving, time with family. Look around the world. Is there anywhere else you would rather live? Give thanks for that. We will be back at work for regular deliveries on Friday. Please plan any delivery requests accordingly.

Gasoline is little changed, up 0.11/gallon at the average rack in Selma. Diesel fuel went down by 2.95 cents/gallon. Crude dropped $1.78/barrel down to $73.89. Yes!! Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

If one were to look at an expanded United States of America to cope with the growing economic power of China,  the Chinese would not see this coming. Suppose we accepted Mexico as a state and each of the Canadian provinces as states in the United States of America. After all, they are Americans, too

We could take most of the foreign aid and apply it to Mexico and other countries than join us. We would have English as the first language and teach in all schools as a choice, not a requirement. We already teach French and Spanish in our schools. We would have no borders between the states, or at least no formal border crossings as now. Mexico and the U.S. would be like dropping the Berlin Wall between West Germany and East Germany. All states would have to accept the United States Constitution and representative government. It would be a big advantage for Mexicans to become U.S. citizens. It would do away with the current friction and debate. It would add two Senators per state but I guess the number of representatives would be redistributed according to populations. Together we would crush those drug cartels.

Supposed that this worked out for all of us, then who else could be states? How about Costa Rico. There are so many U.S. citizens living in Costa Rico that they need no standing army. It is a given that if any aggressor attacks Costa Rico, they would have to deal with the wrath of the United States, and Costa Rico is a democracy.

Since we are so far outside the box, already, what about Cuba? We will drop all embargo of Cuba if they will embrace democracy and hold free elections and we will offer them a pathway to statehood?

Puerto Rico, they are have been citizens since 1917, and their country is a U.S. Territory. There has been a movement in the past for free country status. That would be a huge mistake for Puerto Ricans. As a U.S. Territory they are citizens of the U.S. and live under the protection of the U.S. As Anwar Sadat, President of Egypt, said, when he switch sides from the U.S.S.R to the U.S, ‘When one lives in the house of a poor man, he is poor. When one lives in the house of a rich man, then he is rich.’ Puerto Rico has all sorts of special trade allowances with the U.S., all to their benefit. When the citizens protested the bombing of an offshore island by the U.S. Navy all the protestors parading and giving t.v. interviews against the use of the bombing range as an infringement of their sovereignty, and after Jesse Jackson showed up to offer his support, the Navy gave in. Then the admiral pulled the U.S. fleet out of San Juan, their base. When the local merchants howled and the government protested, the admiral said, ‘The   only reason the fleet was there was because of the bombing range’. If Puerto Rico had been a state, there would have been no issue. North Carolina, for example, has Navy and Air Force bombing ranges, plus artillery ranges, too. No one is marching in protest. We have practice landing beaches for the Marines. Thank you for spending your dollars in the local economy.

In 2012 in a referendum of registered voters, 54% voted for statehood with the United States.

There was a comedic movie back in the 1960’s where  a small fictitious state in Europe with soldiers dressed like the Swiss guard at the Vatican, declared war on the U.S, landing, I think it was in New York City. They immediately surrendered and then asked that we send them aid to rebuild their country like we did for Germany and Japan.

China would never see this coming. They would have to put off their hegemony for the future, indefinitely. China announced a couple of years ago that they would put a man on the moon. I wonder when that is supposed to happen.

Add to this our plan to capture all of the best minds in the world and make them citizens, the future of our children, and all our new citizens, would be assured. You think about it, with the exception of Canada, no other country offers a diversity of people, equality under the law, and economic opportunity. Can you imagine the Chinese, Russians, or Japanese welcoming other races to live among them, accepted, as equals. We are not perfect, but we are way ahead of any other country in diversity and accepting diversity because diversity makes us stronger, because when one viewpoint fails, we have many other viewpoints that we can offer, not to mention we will have all the world’s best food restaurants from which  to choose.

Better art and more diverse music. Imagine that!

Gasoline dropped today by 4.75 cents/gallon at the average rack in Selma. Diesel fuel is down by 1.73 cents/gallon. Crude is down almost a dollar to $75.67/barrel. OPEC is meeting. Only Saudi Arabia has the ability to contract production. All the rest of OPEC are crooks who produce all they can, all of the time. But the bet is the Saudis are losing market share to the U.S. so they might let the price of crude drop to $60. After all their production costs are $10/barrel. Party Time! Price are:

 

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Have a great day,

-Larry Hopkins