Gasoline & Diesel Fuel Price Changes

Good Monday morning,

 

Gasoline prices are down 3/10ths at the average rack in Selma. Diesel fuel prices are up 1.1 cents today. Prices are:

 

AV.RACK

FEDERAL

STATE

SPILL

COST

   PRODUCT

  PRICE

  TAX

TAX

TAX

With Tax

UL REG

2.0196

0.1840

0.3055

0.0019

2.5110

PREMIUM

2.2415

0.1840

0.3055

0.0019

2.7329

ULS

2.1156

0.2440

0.3055

0.0019

2.6670

ULS RD

2.1138

0.0000

0.0025

0.0019

2.1182

 

 

It looks like we are due for rain much of today. I will walk my dog tonight instead of this morning. My wife informs me since, she has some Apple Stock, that Apple is the 2nd highest capitalized stock traded second only to ExxonMobil. I never thought I would live to see Apple pass Microsoft. One can tell that Gates has retired.

 

Enjoy your week,

 

-Larry H.

Gasoline & Diesel Fuel Price Changes

Good morning, We have another day in Paradise. Gasoline prices are up 4.6 cents. Diesel fuel is up 4.4 cents. Crude is up again by $1.42 to $72.93 at this time. Prices today are: AV.RACK FEDERAL STATE SPILL COST PRODUCT PRICE TAX TAX TAX With Tax UL REG 1.9690 0.1840 0.3055 0.0019 2.4604 PREMIUM 2.1963 0.1840 0.3055 0.0019 2.6877 ULS 2.0320 0.2440 0.3055 0.0019 2.5834 ULS RD 2.0305 0.0000 0.0025 0.0019 2.0349 Look out! I’ve been reading again. I just completed Ayn Rand’s ‘Atlas Shrugged’, written back in the 1950’s. I like to complete books that I start. This one was a forced march. The plot was good but the book could have been better if culled down to about one third of its’ 1100 pages. Mrs. Rand apparently minored in philosophy. Some say that a woman never loses an argument, she just didn’t make her point clear enough. The writer argues for hours with the reader and I for one had no argument with her on the subject. The book has a minor revival because of its subject matter. The plot stems around a scenario where the few that are most able are working and end up supporting the rest of the population who she terms ‘looters and loafers’. The able ones go on strike until the whole of the United States shuts down, all the factories, all the trains, the services, the power companies. Everything. I wonder why this book has been resurrected at this particular time? What do you think? Best regards, -Larry Hopkins

Gasoline & Diesel Fuel Price Changes

Good morning, Gasoline prices have dropped another 5.9 cents at the average rack in Selma. This can’t last. These are the lowest prices since the first of the year. Normally with the summer gasoline season, I would have predicted prices would be up 10 cents. Diesel fuel prices dropped below $2 for the first time in almost four months, down by 3.0 cents. Crude is rebounding strongly and is up $2.58 to $71.33 at the present time. Prices are: AV.RACK FEDERAL STATE SPILL COST PRODUCT PRICE TAX TAX TAX With Tax UL REG 1.9235 0.1840 0.3055 0.0019 2.4149 PREMIUM 2.1547 0.1840 0.3055 0.0019 2.6461 ULS 1.9879 0.2440 0.3055 0.0019 2.5393 ULS RD 1.9840 0.0000 0.0025 0.0019 1.9884 Have a good day, -Larry

Gasoline & Diesel Fuel Price Changes

Good Morning, Basically, there are no changes in the gasoline price at the average rack in Selma. Diesel fuel is up 8/10ths of a cent today. Crude at the present time is down $2.47 to $67.74/gallon or $1.61/gallon. Prices are: AV.RACK FEDERAL STATE SPILL COST PRODUCT PRICE TAX TAX TAX With Tax UL REG 1.9828 0.1840 0.3055 0.0019 2.4742 PREMIUM 2.2179 0.1840 0.3055 0.0019 2.7093 ULS 2.0183 0.2440 0.3055 0.0019 2.5697 ULS RD 2.0161 0.0000 0.0025 0.0019 2.0205 Bill Hargreaves who has replaced Eddie as Operations Manager during the past year will be retiring at the end of this month. He will be missed. I have enjoyed working with him and his astute analysis of complex problems that have come up have helped me through many concerns. If any of my customers have had to lay off a good manager or know of someone to recommend, the job description is on our website at www.hopkinsoil.com. Please send resumes to larry@hopkinsoil.com. Best regards, -Larry

Gasoline & Diesel Fuel Price Changes

Good morning, Gasoline at the average rack in Selma is down 1.0 cent. Diesel fuel is also down 1.0 cent. Prices are: AV.RACK FEDERAL STATE SPILL COST PRODUCT PRICE TAX TAX TAX With Tax UL REG 1.9819 0.1840 0.3055 0.0019 2.4733 PREMIUM 2.2056 0.1840 0.3055 0.0019 2.6970 ULS 2.0100 0.2440 0.3055 0.0019 2.5614 ULS RD 2.0083 0.0000 0.0025 0.0019 2.0127 It looks like quite a few jobsites got rained out this weekend. I received 1.75 inches of rain at my house in Raleigh. It walked the dog between rain showers on Sunday. It must have been Chipmunk day. I saw seven of them. I also found my first tick crawling up my leg while I was reading a book. You know how after that happens, every little itch you have to look and see if it is another tick. Take a shower! Enjoy your week, -Larry H.

Gasoline & Diesel Fuel Price Changes

Good morning, Gasoline has dropped below $2 at the rack, down 4.8 cents today. Diesel fuel is down 5.3 cents. Prices are: AV.RACK FEDERAL STATE SPILL COST PRODUCT PRICE TAX TAX TAX With Tax UL REG 1.9918 0.1840 0.3055 0.0019 2.4832 PREMIUM 2.2140 0.1840 0.3055 0.0019 2.7054 ULS 2.0202 0.2440 0.3055 0.0019 2.5716 ULS RD 2.0191 0.0000 0.0025 0.0019 2.0235 Have a good weekend, -Larry

Gasoline & Diesel Fuel Price Changes

Good afternoon, Meetings all morning. The price down 1.6 cents on gasoline today. Diesel fuel is down 1.2 cents at the average rack in Selma. Tomorrow, I am going to switch gasoline pricing from 9.0 to 7.8 (summer gas) as that is most of what we are finding in the terminals presently. The spot shortages continue on gasoline. None of this has anything to do with the problems in the Gulf. Crude is down at this time by $1.59 or $68.28/barrel. That is $1.63/gallon. Prices are: AV.RACK FEDERAL STATE SPILL COST PRODUCT PRICE TAX TAX TAX With Tax UL REG 2.0234 0.1840 0.3055 0.0019 2.5148 PREMIUM 2.2250 0.1840 0.3055 0.0019 2.7164 ULS 2.0614 0.2440 0.3055 0.0019 2.6128 ULS RD 2.0576 0.0000 0.0025 0.0019 2.0620 I believe that crude is dropping because the U.S. dollar is strengthening against the Euro due to the problems with Greece, Spain, Italy, Ireland, etc. When the dollar drops, investors hedge by buying crude and gold, driving the prices up. The opposite is happening here. Today is recycling day in our neighborhood of Raleigh. I firmly believe that my wife thinks that she will go to heaven is she recycles enough. My neighbors have one maybe two recycling bins. Terri has six, and she could probably fill more. I always thought of it such a waste of my time carrying all those bins to the curb. My idea back in the 1980’s was to build a big recycling factory. The trucks of trash/garbage would go in one side and out the other sides would come glass, aluminum, organic matter, paper and cardboard all separate out by machines and the ingenuity of our engineers. Ever since that time, I feel like it is a total waste of my time. I solved this problem so why am I doing this. I had as part of the total idea, a mini-dumpster at each person’s house that could be picked up by a garbage truck. I guess somebody else worked that out nicely. I cannot believe the City of Raleigh has not done the math and cannot see that could pick up the yard waste the same way as the garbage, with the truck with the hydraulic arm that reaches out and grabs the can and dumps it into the truck. One could leave the top off and put drain holes in the bottom. DONE! My 12-year old son has taken over the recycling yard waste work for which I pay him. It is easy money, or much easier than what my dad paid me. I guess, like most parents, you want your kids to have it easier than you did, but you also want them to develop some character along the way and actually earn their pay. Easy doesn’t develop character does it? Best regards, -Larry H.

Gasoline & Diesel Fuel Price Changes

Good afternoon, I have been out calling on customers. Gasoline prices are unchanged today. Diesel fuel at the average rack dropped 2.6 cents. Diesel fuel only cost 3 cents more than gasoline today, before taxes. Prices are: AV.RACK FEDERAL STATE SPILL COST PRODUCT PRICE TAX TAX TAX With Tax UL REG 2.0403 0.1840 0.3055 0.0019 2.5317 PREMIUM 2.2260 0.1840 0.3055 0.0019 2.7174 ULS 2.0731 0.2440 0.3055 0.0019 2.6245 ULS RD 2.0714 0.0000 0.0025 0.0019 2.0758 Enjoy the rest of your day, -Larry

Gasoline & Diesel Fuel Price Changes

Good morning, Prices continue to drop. Good for all of us. My trucks run on the same fuel that yours’ do. My accounts payable and inventory increase every time the price goes up. I don’t make any more money. It just decrease the rate of return. No, I celebrate with you when the price drops. Gasoline is down at the average rack in Selma today by 7.1 cents. Diesel fuel is down 7.0 cents. Prices today are: AV.RACK FEDERAL STATE SPILL COST PRODUCT PRICE TAX TAX TAX With Tax UL REG 2.0418 0.1840 0.3055 0.0019 2.5332 PREMIUM 2.2265 0.1840 0.3055 0.0019 2.7179 ULS 2.0988 0.2440 0.3055 0.0019 2.6502 ULS RD 2.0971 0.0000 0.0025 0.0019 2.1015 Have a good day, -Larry You can view gasoline/diesel price changes at any time on our website at www.hopkinsoil.com but you must first Logon to see them Larry Hopkins President Hopkins Oil Co. Inc. 5211 Trademark Drive Raleigh, N.C. 27610 Direct Line: 919-534-2309 Cell: 919-622-8205 Fax: 919-833-8122 larry@hopkinsoil.com