Today’s Gas & Diesel Price Updates

Random thoughts:

 

We had our first frost of the season this morning.

Tomorrow we can vote. I don’t want to be the one who stayed home and might have made the difference in a close race. And you?

I was driving home on the Beltline tonight in the dark now that the time has changed. I got on at 64 expressway headed North and all the red taillights were backing up from the Fortify Project. I can think of another name for it if I could keep the letter F. The farther I drove past all the oncoming headlights, I kept thinking of lemmings rushing to their end.

I heard tell of a story about a young boy who was brought to a Wake County Court. The boy had had a terrible life so far. His parents beat him, then he went to live with an older brother and his brother got drunk and beat him. He was even placed into foster care and you guessed it, the woman beat him, too. The judge sat the boy down in front of him and asked him, kindly, who would you like to go and live with. The young  boy replied,” Judge, I would like to go live with the Carolina Hurricanes. Judge, I have heard people say, they never beat anybody!”

Well, that joke is over. The Hurricanes beat Arizona on Saturday night and then on Sunday they beat no one less than last year’s  Stanley Cup champs, LA Kings, 3-2. Maybe now that they broke that egg in the Win column, the monkey is off their back and the back of the new coach, new assistant coach, and new Manager. They have finally cured their back problems. Lots of backs can straighten up now.

Great news I bear to you today. Crude broke the $8o dollar support level and closed at $78.27/barrel. More good news, the dollar closed at 87.27 cents against a basket of the world’s eleven strongest currencies. I have always said that a dollar should be worth a dollar. That is the strongest the dollar has been since QE began. Not by luck did our price of crude, gasoline and diesel fuel go up at the same time and the dollar dropped. Crude is traded in dollars. Cheaper fuel are like a major tax incentive for everyone and every company. Our country is headed for prosperity and its best days to come. Countries like Venezuela are headed for riot and revolution.

Gasoline is down by 2.30 cents/gallon at the average rack in Selma. Diesel fuel is down a further 3.56/gallon. This is when our customers benefit, when prices are following. We go down next day. The street is following Hopkins Oil pricing by about two weeks. Prices are:

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Printable Reports

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

If you are thinking of buying one of those new mode T880 Kenworth trucks, we bought two of them. Both trucks had do go back to the shop because they had leaks on the passenger side over the seat, no seal around the running light.  Both trucks have been returned with wheel seal leaks in the tandem. Today, one truck’s computer went crazy running the oil pressure way up and then dropping to nothing. The guy at the Kenworth shop demanded we drive it to Durham. Sidney refused. He demanded we tow it there. Sidney refused and quite rightly. Anything we did could have been blamed on us.  It is a good thing we kept the Macks so we have something to drive while these trucks are repaired. One of the T880’s had a minor wreck, bumper and left fender replaced, not our fault. It took over three weeks for them to fix it. Each time, they would say it would be ready and we would call to pick it up and but they had ordered the wrong fender, the wrong light, the wrong bumper, etc. To top that off, the mud and snow tread on the t880s pick up and rocks and then fling them against the rear of the truck. One smashed the back glass giving our driver quite a scare. I had to drive to Rocky Mount to pick up the replacement glass at Kenworth there, that was if I wanted it fixed right away. They couldn’t spare anyone.  Just thought you should know, anyone thinking of picking a new T880 KW.

 

The Dow rebounded by 216 points and swept up our fuel futures, but the general pattern  is down a bunch, back up half a bunch, thus moving down over time. Today, prices are up 4.72 cents/gallon at the average rack in Selma. Diesel fuel is up by 2.85 cents/gallon. Prices are:

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Printable Reports

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Prices have gone up the last three nights, but your prices from May 14th until tonight, gasoline is down by 77.22 cents/gallon. Diesel fuel is down same period by 42.94 cents. If you are buying from some other oil distributors, shouldn’t you be changing to Hopkins Fuel Depot. Come over from the dark side to the light.

Gasoline is up for tomorrow by 3.12 cents/gallon at the average rack in Selma. Diesel fuel is up by 3.30 cents/gallon. Prices are:

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Printable Reports

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Costs have taken a great bounce. Gasoline prices rebounded by 5.36 cents/gallon at the average rack in Selma. Diesel prices moved up by 1.66 cents/gallon. Crude rebounded by $2.45/barrel now $83.12/barrel. It is interesting that West Texas Intermediate is only $1.35/barrel less in price than Brent crude, not the $10 it has been historically. Could it have something to do with those 15 refineries in Europe that were shuttered trying to compete with finished products from the U.S? They quit buying the high price crude so the price dropped to become more competitive.

I want to see the dollar rise, finally, after all the QE’s. Crude is traded in dollars. The higher the relative value of the dollar, now about 85 cents against the 10 major currencies, then our gasoline and diesel fuels prices should drop, giving the whole country a “tax credit”, both companies and individuals. We shall see………..

Prices are:

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Printable Reports

Have a great day,

-Larry Hopkins