Today’s Gas & Diesel Price Updates

Gasoline is up by 3.85 cents/gallon at the average rack in Selma. Diesel fuel eased by a mere 0.01 cents/gallon. Crude moved up by 77 cents/barrel to $44.97. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Good drop in prices today. Gasoline is down by 4.73 cents/gallon at the average rack in Selma. Diesel fuel is down by 4.90 cents/gallon. Crude slipped by 43 cents/barrel to $44.20. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Prices slipped a little. Gasoline eased by 0.76 cents/gallon at the average rack in Selma. Diesel fuel is down by 2.81 cents/gallon. Crude is also down, by 47 cents/barrel to $44.63. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Crude moved up by $1.67/barrel to $45.83. Diesel fuel follows crude more faithfully than gasoline and is up by 3.78 cents/gallon. Gasoline edged up by0.60 cents/gallon at the average rack in Selma.
Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Prices slipped a bit more. Crude dropped by $1.72/barrel or $1.05/gallon. Gasoline is down by 1.16 cents/gallon at the average rack in Selma.  Diesel fuel slipped by 0.81 cents/gallon. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Prices all edged down today. Crude is down by 17 cents  to $45.88/barrel. Gasoline edged down 0.54 cents/gallon at the average rack in Selma. Diesel fuel slipped by 0.54 cents/gallon. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Gasoline edged down by 0.96 cents/gallon at the average rack in Selma. Diesel fuel is down by 0.27 cents/gallon. Crude is down by 51 cents/barrel or $46.05/barrel or $1.0964/gallon. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Prices are up, but only a little. Gasoline is  actually down 0.64 cents/gallon at the average rack in Selma. Diesel went up by only 0.52 cents/gallon. Crude oil was up by 42 cents/barrel to $46.56. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Gasoline is down by 2.67 cents/gallon at the average rack in Selma. Diesel fuel is up by 2.50 cents/gallon. Crude is up by $2.02/barrel to $46.14. Prices are:

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Have a great day,

-Larry Hopkins

Today’s Gas & Diesel Price Updates

From Bloomburg:

Have you ever seen an oil rig walk?hopkins-rig

Some of the newest rigs can travel hundreds of yards to the next well under their own power, lurching along like 150-foot-tall robots on hydraulic legs that raise the equipment five inches at a time, nudging forward at about a foot per minute. While that sounds slow, it is faster and cheaper than dismantling a rig and trucking the parts to a new site nearby.

More efficient drilling rigs that cost a third less than just a year earlier are changing the face of the U.S. shale industry, helping boost per-rig output in the four largest fields by at least 40 percent since the crude price plunge began in 2014. While helping producers pump more oil, the new rigs have a downside. Companies such as Helmerich & Payne Inc., Nabors Industries Ltd. and Patterson-UTI Energy Inc. that provide the equipment face investor concern that the improvements they’ve made might translate into fewer sales in the future.

Producers “are being incentivized to continue drilling to keep cash coming in the door because costs have come down so much,” Rob Desai, an analyst at Edward Jones in St. Louis, said in a telephone interview. “Even though the rig count is down by half, you can do more with the half that’s still working.”

U.S. Production per rig is up 40% since the crude price plunge.

Good morning,

Good news! Perhaps I was right that traders at the end of month had to settle their bets kicking up the price. Well, it kicked back down today. Gasoline is down by 7.60 cents/gallon at the average rack in Selma. Diesel fuel plummetted by 10.27 cents/gallon. Crude dropped an unbelievable $3.55/barrel to $44.12, probably headed back below $40, especially since it looks like the Iran deal will happen and Iran starts pumping oil into the world glut. Cartels only work if there is a limit to supply. This cannot happen when each country is fighting for market share. Good for us! The country is onthe verge of its third BOOM driven by oil. In just my little world here, our office, I hired an employment agency aout two weeks ago to find Sidney an assistant. I called the young lady at the agency back and she reports everyone has a job. Everytime they call back an applicant, they already have a job. If you know any one good who could work as Sidneys office assistant, taking the phone orders and putting into our Cloud Dispatch program, then have them call Sidney. Thank you.

Have a great day,

-Larry Hopkins