Today’s Gas & Diesel Price Updates

Crude closed down $1.85/barrel to $29.53. Gasoline is down below $1 at the rack to 97.82 cents/gallon at the average rack in Selma, down 3.57 cents/gallon.  Diesel fuel is down by 2.35 cents/gallon. Prices are:

Screen Shot 2016-02-02 at 10.38.59 PM

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Big drops in price. Gasoline dropped by 10.85 cents/gallon at the average rack in Selma. Diesel fuel is down by 3.33 cents/gallon. Crude dropped $2.19/barrel to $31.38. Prices are:

Screen Shot 2016-02-01 at 10.40.18 PM

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Prices are still rising but slowly. Crude is up 5 cents/barrel to $33.62. Gasoline moved up by 1.64 cents/gallon at the average rack in Selma. Diesel fuel moved up by 3.10 cents/gallon. Prices are:

Screen Shot 2016-01-31 at 11.10.55 PM

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Tom Kloza was on CNBC yesterday and he said the recent rally in crude is foolish. When Tom Kloza speaks about oil, I listen. I have followed him for years and he is right when other analysts are simply wrong.

What Tom Kloza said was crude will drop, probably, to $25/barrel. There is 3 million gallons hitting the market per day, more than the world needs. Crude will not recover this year and probably not until 2018.

This Spring, prices on the street will rise into the summer. Refineries will be down for maintenance, which is scheduled by our government. Toward end of summer, street prices will go back down with the chill in demand. But crude will not recover. This matches my own thinking that unless Russia and the U.S. join OPEC, there is no price support. I am not recommending that. No way. Russia wants to have talks with OPEC. Go for it. If Saudi Arabia and Russia come to a deal to limit production, then either Iran or the U.S. will gobble up their market share. Game. Set. Match. It would take a huge event like Arab Spring in Saudi Arabia, like a revolution to disrupt supply. Remember, Iraq is again  pumping oil, the Kurds actually. Iran, as part of OPEC, has demanded 4.4 million barrels today as their production share.

Now let’s build a natural gas pipe line to Europe, again to bring wealth back into this country and reward American ingenuity. Okay, American ingenuity can figure out this pipeline, pumps on ships anchored in Mid-Atlantic or on Greenland, Iceland, Ireland or maybe on the ocean bottom. This will block the rise of Russia. Without riches, they cannot rebuild their military. Our children will be safer.

Today, and temporarily, prices jumped up. They will come back down at least until March, then we will see rises on the street. Gasoline is up today by 4.87 cents/gallon at the average rack in Selma. Diesel fuel is up by 2.74 cents/gallon. Crude jumped by $1.77/barrel to $33.57. 

Prices are:

Screen Shot 2016-01-29 at 12.19.50 AM

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Gasoline is up slightly, up 0.79 cents/gallon at the average rack in Selma. Diesel fuel moved up 4.23 cents/gallon. Crude moved up by 95 cents/barrel to $31.80. There is no way crude can move up. Saudi Arabia cannot cut production because the good old USA will take their market share. And then there is Iran who is out looking for customers for their crude. No prices cannot sustain this level and must drop.

Prices are:

Screen Shot 2016-01-27 at 11.29.30 PM

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Gasoline is down by 2.52 cents/gallon at the average rack in Selma. Diesel fuel moved up by 1.97 cents/gallon. Crude is up by $1.08/barrel to $30.85. Prices are:

Screen Shot 2016-01-26 at 9.57.43 PM

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Gasoline is up by 2.0 cents/gallon at the average rack in Selma. Diesel fuel jumped up by 4.63 cents/gallon. Prices are:

Screen Shot 2016-01-26 at 10.24.48 AM

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Everything is up today. I don’t think this is a bottom. Iran will be dumping crude on the market soon. Crude is up by $1.14 to $29.77/barrel.  Gasoline bumped up 3.14 cents/gallon at the average rack in Selma. Diesel fuel is up by 3.85 cents/gallon. Prices are:

Screen Shot 2016-01-21 at 10.38.30 PM

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Panthers have one more game to win to make it to the Super Bowl. I hope they change their game plan from last week. They got ahead in the first half then shut down their offense in the second and went to a prevent defense which left open the middle. Mr. Wilson picked it apart.

Get ahead and pour it on. I am more comfortable with Cam Newton passing down the field then trying to make the running game go and eat up the clock. They ran on every first down, every time. It was too predictable. Next time they get their opponent on the ropes, knock them out. Call it the General Patton Plan, always be on the attack.

Having said that, now I feel better.

Crude moved up by 61 cents to $28.63/barrel. Gasoline is down by 3.33 cents/gallon at the average rack in Selma. Diesel fuel is down by 3.63 cents/gallon.  Prices are:

Screen Shot 2016-01-20 at 11.33.51 PM

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Crude is down another dollar to $28.02/barrel. Gasoline is down by 0.08 cents/gallon at the average rack in Selma. Diesel fuel is down by 2.88 cents/gallon. Prices are:

Screen Shot 2016-01-19 at 11.56.24 PM

Have a great day,

-Larry Hopkins