Today’s Gas & Diesel Price Updates

Bad news, all prices have jumped up, but don’t be alarmed. I can find no news articles that will account for this jump in prices. Look at the calendar. This was the last trading day of the month. I would bet a bunch of traders got on the wrong side of their shorts and had to buy up to satisfy them. Gasoline jumped up by 6.98 cents/gallon at the average rack in Selma. Diesel fuel jumped up by 7.02 cents/gallon. If I am right, then prices will come down on Monday about as much. I will be out of the office from Monday thru Thursday, traveling to Nashville for the Shell convention. Prices are:Screen Shot 2015-02-01 at 2.22.04 PM

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

I have always tried to attach the OPIS as proof of our average rack prices, but a guy named Scott Berhang called today and accused me of copyright infringement if I continue to post the OPIS copies on our website. You may  verify this fact and contact him at:

Scott H. Berhang
Director, Client Relations and Education
OPIS
Direct: 301-287-2332
Cell: 240-994-9200
sberhang@opisnet.com

It seems he will not verify the price but he will sell you the OPIS prices for Selma. Actually, they will give you thirty days free in most cases so if you ever doubt me, call him for a free trial.

Gasoline moved up today by 2.95 cents/gallon at the average rack in Selma. Diesel fuel is up by 1.75 cents/gallon. I wonder who turned me in? I think it might be my competition. That would be my first choice. Prices are:

Screen Shot 2015-01-28 at 8.17.27 AM

Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Crude is still dropping and will until it reaches a natural bottom just like natural gas did here. The US is now the highest producer of natural gas in the world and has plenty to export, and will become the largest exporter in the world this year. Saudi Arabia is the only member of OPEC that has discretionary barrels to give, but if they cut protection, the world price of crude will increase, and U.S. producers will double down on their efforts to up production, taking more and more of the world’s market share. This is the third BOOM our history fueled by oil. Lower prices will put a $1000 into the hands of every worker, on average, in this country. Your fleet costs will be down 25 to 33% this year. BOOM!

Crude is down today by $0.72 to $45.59/barrel. The Dollar Index is almost to 95 cents (94.99). Only 5 more cents to go until our dollar is worth a dollar. Gasoline slipped by 0.30/cents/gallon. Diesel fuel edged up by 0.83 cents/gallon. Prices are:
Screen Shot 2015-01-23 at 9.23.54 PM

Printable Reports

Have a great day,

-Larry Hopkins

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:

Screen Shot 2015-01-20 at 11.37.23 PM

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:

Screen Shot 2015-01-19 at 8.37.44 PM

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

Screen Shot 2015-01-18 at 6.56.02 PM

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:

Screen Shot 2015-01-12 at 9.05.25 PM

Printable Reports

Have a great day,

-Larry Hopkins