Today’s Gas & Diesel Price Updates

Goldman Sachs came out with a positive view on crude. I don’t want to say these wise, rich traders are idiots but they are idiots. It is no coincidence that the US produced over 10 million barrel of crude in November, the most since 1972, the same month OPEC announced their production cuts. The US is eating OPEC’s lunch, more every month they continue with their cuts and it is going to continue. Gasoline moved up by 0.52 cents/gallon. Diesel fuel is up by 1.83 cents/gallon. Crude jumped by $1.24 to $66.08/barrel. Is it possible the analyst at Goldman is being paid by Saudi Arabia for a positive report to keep prices up until they can do an IPO of the country’s oil? The US frackers are building a tsunami wave of oil that will crash against the crude market and OPEC members are going to go down and drown in it. Prices are:

-Larry Hopkins

Today’s Gas & Diesel Price Updates

Gasoline inventory dropped. Several refineries are down for maintenance but it carried crude up a little. Gasoline is up 1.55 cents/gallon. Crude barely changed, up 0.03 cents/gallon. Crude edged up by 11 cents/barrel to $64.84. Prices are:

-Larry Hopkins

Today’s Gas & Diesel Price Updates

We may be at the end of the long price increases. The same seemed to be turning, Crude inventory are starting to grow again. Gasoline slipped 1.10 cents/gallon. Diesel dropped by 2.39 cents/gallon. Crude dropped 75 cents to $65.39/barrel. Prices are:

-Larry Hopkins

Today’s Gas & Diesel Price Updates

OPEC is succeeding at raising crude prices but the higher the price goes the more us frackers will be encouraged to drill. All things equal, between now and March, June at latest, crude will start back down. Just a hunch. Crude jumped $1.58/barrel to $66.14. Gasoline is up by 0.60 cents/gallon. Diesel fuel moved up by 2.06 cents/gallon. Prices are:

-Larry Hopkins