All of my oil shorts are closed. Will start scaling into long positions, and scaling into shorts on DRIP and SCO. I see oil going higher after Christmas. Should remain low through Christmas to keep the natives from getting restless. Very cautious here though.
Price Check in the Gas and Diesel Aisle...
- Thread starter BullGear
- Start date
Saw something today that I haven't seen in over a year.............Diesel for $3.99.
Shell truck stop I-35 and US 36 in Cameron Mo., I filled up..........got into N. KC, and saw a Quick Trip with $3.99 Diesel as well.........
Shell truck stop I-35 and US 36 in Cameron Mo., I filled up..........got into N. KC, and saw a Quick Trip with $3.99 Diesel as well.........
Held off scaling into long positions, and may not go long at all. I’m going to watch until January. Wish I’d have held my short positions, lol.
Just as prices begin to fall the next shoe drops. No rest for the weary.
20 hours ago — An outage on the largest oil pipeline to the United States from Canada could affect inventories at a key U.S. storage hub and cut crude ...
Major oil pipeline outage to hit U.S. stockpiles, refinery supplies
https://www.reuters.com › business › energy › keystone-o...20 hours ago — An outage on the largest oil pipeline to the United States from Canada could affect inventories at a key U.S. storage hub and cut crude ...
| WTI Crude • | 70.46 | -0.56 | -0.79% |
| Brent Crude • | 75.51 | -0.59 | -0.78% |
kinda makes the Russia price cap at $60 laughable.
Also remember when Biden suggested re filling the SPR at $70 a barrel, and guaranteeing that price, regardless if prices dip below 70?
Basic Info. US Crude Oil in the Strategic Petroleum Reserve Stocks is at a current level of 387.02M, down from 389.12M last week and down from 602.56M one year ago. This is a change of -0.54% from last week and -35.77% from one year ago. Nearly half empty.
BTW, saw regular a $2.6x in Fort Walton yesterday.
Sunoco regular in Edison (central Jersey) 3.17 & at Race Track gas was 3.23. Local Sunoco regular was 3.49. The distance between the Sunoco stations was about 12 miles.
Yes.
I have a 16 with a 6.0 gas, and 18 with the l5p Duramax.
Gasser has 2x the miles, and less time in the shop. Gets about 3mpg less on an average day.
$200 oil changes, $1k bills for emissions repair every year, $1+/gallon all kill any fuel savings for the diesel.
Only reason to deal with the diesel tax right now is keeping your 07 or older, or if it's a work truck hooked to a trailer 7 days a week.
Aramco And TotalEnergies To Build $11 Billion Petrochemical Complex | OilPrice.com
Aramco and TotalEnergies plan to build a huge petrochemical complex in Saudi Arabia worth $11 billion
oilprice.com
At least someone's using our tech.. It's a damn shame, the US Gov, won't let our domestic energy companies kick ass and take names.Aramco And TotalEnergies To Build $11 Billion Petrochemical Complex | OilPrice.com
Aramco and TotalEnergies plan to build a huge petrochemical complex in Saudi Arabia worth $11 billion
US poised to become net exporter of crude oil in 2023
As countries turn away from Russia after it invaded Ukraine, the US has become more attractive. This new demand could push US energy production higher.
www.foxbusiness.com
I just filled up with 87 octane at Sams club this morning for 2.949. This was in north central WV. That’s the first time it’s been under 3$ for a long time.
Oil bulls got rekt. Been filling up on premium 93 octane for $3.19.
3.00 at sams for 87
3.59 at the others for 87
3.59 for 91 octane at sams
4.00 for 91 octane at the others
| WTI Crude • | 80.57 | +1.01 | +1.27% |
| Brent Crude • | 83.92 | +2.94 | +3.63% |
Here in Lawton it about $2.27 for reg, a penny less at Sam's, diesel around $3.50.
I don't see that happening, fuel prices dropped for Christmas, but it's back up $0.30/gallon here in the last two days.
Dang.
87 octane was "down" to $2.79⁹ here, but jumped back up to $3.09⁹ as of today.
$3.19 in Georgia for 93 octane. The next several years worth of gas is funded by my extremely successful oil short.
$3.69⁹ here for 93, thankfully I only have to run that in my Harley, which does get ridden in the winter, but not a lot.
Week of Christmas, regular 87 octane was $2.99.9
This week, it's $3.29.9
This week, it's $3.29.9
Yeah, went up $00.25 over night, then another quarter, now its back down to about $2.48.
U.S. oil futures log lowest finish in more than 3 weeks
U.S. oil futures on Wednesday marked their lowest settlement in more than three weeks, pressured by ongoing worries about the outlook for global economic...
www.marketwatch.com
A very general (regional) statement:
Not seeing gasoline and diesel prices come down in relation to oil prices.
Not seeing gasoline and diesel prices come down in relation to oil prices.
| WTI Crude • | 73.50 | +0.66 | +0.91% |
| Brent Crude • | 78.59 | +0.75 | +0.96% |
The invisible hand of the marketplace giving us the finger again.
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