Today’s Gas & Diesel Price Updates

Crude Inventories in the U.S. grew by 2.4 million barrels last week. The glut continues, Yah! Crude is down by $1.24/barrel to $46.39/barrel or $1.5981/gallon. Gasoline prices are down by 5.61 cents/gallon at  the average rack in Selma. Diesel fuel is down  by 3.2 cents/gallon. The Dollar Index is almost up to 94 cents. Prices are:

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Printable Reports

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Brent crude, which used to cost more than$10/barrel over WTI (West Texas Intermediate), is only $1.41 higher  today, probably transportation costs. WTI is at $47.63/barrel down $1.41. The dollar Index inched up to 92.68 cents. Gasoline slipped by 0.92 cents/gallon at the average rack in Selma. Diesel fuel is down 0.43 cents. Prices are:

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Printable Reports

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Gasoline rebounded, up by 3.40 cents/gallon at the average rack in Selma. Diesel fuel is up by 2.95 cents/gallon. Crude moved up by $2.29/barrel to $48.69 or $1.105/gallon. The dollar index moved up to 92.52 cents. Nothing has changed. The move up of crude prices was triggered by a report that drilling rigs in the U.S. have been moved off line, thus losing ground to OPEC. Let’s say that is true but that would only include high cost producers. The oversupply here will continue to grow from low cost producers. Prices are

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Printable Reports

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Our movement towards good times continue. The dollar moved back up over 92 cents.  Eight more cents to go. Our dollar should become so powerful that our companies could buy up all of the other companies in the world. We are playing Monopoly. Australia and the U.S. Liquid Natural Gas suppliers should agree to fix the prices, making us (U.S.) competitive to Russia but maximizing prices.
Crude oil dropped another $2.61/barrel to $45.75.($5 more dollars down to go).  Gasoline is down by 3.26/gallon at the average rack in Selma. Diesel Dropped by a full 7.81 cents. Sweet! All my trucks are diesel. Prices are:

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Printable Reports

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

The dollar dropped back below 92 cents today on news that the 250,000 jobs created last month dropped 0.2% in wages. The logic is that the Fed may see the wage drop and put off any interest increase.  Crude is down $1.17/barrel to $48.36. Gasoline edged down 0.20 cents/gallon at the average rack in Selma. Diesel fuel is down by 0.96 cents/gallon. Prices are:

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Printable Reports

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

West Texas Intermediate Crude dropped another $2.19/barrel to $47.95 or $1.14/gallon. WTI is the world standard. Saudi and Venezuelan crudes are ‘heavy’ crudes and much harder to refine. The same is true of Canadian crude from shale ore which is trading at $33/barrel.  Crude from North Dakota is high quality, and clear, the color of a Coke, but it has a lot of natural gas dissolved in it which makes it more volatile to transport by rail. Gasoline eased by 1.21 cents/gallon at the average rack in Selma. Diesel fuel is down by 2.51 cents/gallon.

What lower prices mean for this country, the consumer will jumpstart us out of this slow recovery. Our recovery will bring back China and the rest of the world’s economies.
Prices are:

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Printable Reports

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

The Dollar Index is now over 91 cents, only 9 cents more to rise against the world’s other major currencies.  The Chinese should be happy with that as they are holding a lot of our paper and will be repaid in higher valued dollars. Crude is paid for in dollars so despite the price of crude has dropped ($52.69 today), the dollars paid are worth more give the producing countries more buying power from their crude.  Gasoline is up by 1.06 cents/gallon at the average rack in Selma. Diesel fuel is down by a healthy 3.89 cents/gallon. However, our State has increased the road tax by 1 cent/gallon on gasoline and diesel fuel. Your prices are:

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Printable Reports

Have a great day,

-Larry Hopkins