Today’s Gas & Diesel Price Updates

Saudi Arabia is concerned for their market share as well they should be. If they hold the price up by cutting their production, then the United States will take even more of their market share. The U.S. has already closed 15 refineries in Europe by shipping refine products there. The Republicans are proposing to change the law against exporting crude oil. When that happens then Cattie bar the door. Our ships go out with crude oil and return with wealth. Our balance of payments is shifted favorably. The transfer of wealth has reversed. We will keep and accumulate more wealth.

Our GDP increased by 5% from July until November, the largest increase in more than ten years. Our Stocks are at an all-time high. The dollar is increasing in value. Our companies will buy out other companies in the world based upon the strong dollar.

We will increase our interest rate slightly, maybe ½ percent this year and the dollar will trade even higher as no other currency is as strong or as likely to appreciate. Investors will buy dollars.

Iraq, Iran, Russia, Venezuela, and other countries will have less money to invest in weapons. They will have to invest in their people or face revolution. Iraq oil means ‘Kurdistan’ which will be a separate country from Iran and friendly to the U.S. It will also remove the wealth from the rest of Iraq which hates our guts.

As for North Korea, I still believe we have our Star Weapons in space though there is not record of us ever using them. Some such strikes might be mistaken as drone strikes. I picture a solar powered Gatling gun firing lasers (at least two Star Wars Weapons, one to cover the other if attacked), at least that is how I pictured it. If that is true, we could dissolve the North Korean offensive weapons. ZAP! As far as cyber  warfare, I think that could make some of the best books/movies for the next ten years, as long as they incorporate plenty of action, sex, machismo, etc. Maybe Sony needs to explore their real hacking story as a movie and make lemonade out of lemons. That is my definition of genius.

Bad news, temporarily, prices rebounded. Gasoline jumped by up by 11.72 cents/gallon at the average rack in Selma. Diesel fuel is hardly changed, up a mere 0.10 cents/gallon. Crude moved up by $1.17/barrel to $56.77. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

It is with great pleasure that I inform you that gasoline dropped 11.59 cents/gallon at the average rack in Selma. We are very close to a floor at $2.00 including taxes. After four years of this miserable economy, we all deserve this. Diesel fuel went down by 2.58 cents/gallon. Crude is down by $.92/barrel to $55.60. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

The dollar is the highest it has been in five  years, just about the time of all of that Quantitative Easing. We will receive an increase in Federal Reserve rates next year and the dollar should strengthen. Bloomberg News:

“The U.S. dollar looks like the safest currency,” Geoffrey Yu, a senior currency strategist at UBS Group AG in London, said by phone. “If you look at price action, if you look at positioning, it looks like people don’t want to own anything else.”

Good! Dollar worth a dollar, crude at $40/barrel, gasoline at $2.00/gallon. Economy will break out. We grow stronger. Our enemies become weaker, Russia, Iran, Venezuela.  All those who talk as though the United States’ strength is in the past. Wrong! It has only just begun. Government did not save us and never will. It was individual ingenuity. We need to Brain Drain the rest of humanity and keep that spirit alive by attracting the best and smartest people on the planet to come here. It won’t be China with their billions. It will be our country with the smartest people. No other country can welcome that kind of diversity, except perhaps Canada and let it thrive in an atmosphere of free will.

The DOW has rebounded near its high. Crude moved up by $1.64/barrel to $56.52. Gasoline edged up by 0.80 cents/gallon at the average rack in Selma. Diesel fuel is up by 2.03/gallon. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

I have attached the best summary of what is happening with prices that I have found. The author predicts the lowest low for gasoline is $2 so that is what I would like to see in gasoline prices. The dollar clicked back up over 89 cents again. We need 11 more cents for our to be  worth a dollar. Why not, our country is on cruise and the rest of the world is sputtering. The lower gasoline prices will jump start this economy and this retail Christmas.
Crude dropped by $1.67 to $54.88 headed to a natural state near $40/ barrel. Gasoline is down by 2.08 cents/gallon at the average rack in Selma. Diesel fuel dropped by 4.37 cents/gallon. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Crude oil production in the U.S. last week hit the highest since records were kept in 1983 or 9.14 million barrels at 42 gallons per barrel. It is not going to stop. The Kurd area  of Iraq intends to increase production, not decrease, by 100,000 barrels  by March to 500,0000 barrels per day. OPEC is talking market share, having lost most of the U.S. market. Crude bumped up over a dollar today but it was the last day of a trading session and traders have to settle their positions. Crude is at $56.55/barrel. Gasoline moved up by 1.08 cents/gallon at the average rack  in Selma. Diesel fuel jumped up by 6.76 cents/gallon. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

It never gets boring to say, prices are down again today. I would like prices to drop to $2.00 at the pump and stay there until the economy begins to prosper, really prosper. Gasoline is down by 3.23 cents/gallon at the average rack in Selma. Diesel fuel is down by 2.54 cents/gallon. Crude slipped after a brief rally, down 31 cents to $55.37. Prices are:

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Have a great day,

-Larry Hopkins

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