Price Check in the Gas and Diesel Aisle...

[Hobo Hilton]

WTI Crude •	73.90	+2.16	+3.01%
Brent Crude •	78.26	+2.13	+2.80%

Oil prices jumped following OPEC kingpin Saudi Arabia’s decision to cut production by another million barrels per day.
On Sunday, the Organization of the Petroleum Exporting Countries and its partners — collectively known as OPEC+ — made no changes to its planned oil production cuts for this year, but coalition chair — and de-factor leader — Saudi Arabia announced further voluntary declines. The cuts will be implemented from July.

https://www.cnbc.com/2023/06/05/opec-oil-prices-pop-after-saudi-arabia-pledges-production-cuts.html

 

[Hobo Hilton]

WTI Crude •	69.38	-0.79	-1.13%
Brent Crude •	73.96	-0.83	-1.11%
Traders Aren’t Buying The Oil Deficit Story | OilPrice.com Oil has largely given up its OPEC+ output cut gains as the leading narratives in oil markets remain recession fears and demand concerns oilprice.com

 

[Hobo Hilton]

WTI Crude •	67.23	+0.11	+0.16%
Brent Crude •	72.02	+0.18	+0.25%

After a relentless month’s-long climb, U.S. national average gas prices have stabilized, with the current price of $3.594 for a gallon of regular unleaded gasoline only 4 cents higher on a w/w and m/m basis but nearly 30% lower compared to year-ago levels.
Diesel prices have also declined, with the current national average of $3.907 good for a 33% Y/Y contraction.
However, state-by-state prices are more volatile.

U.S. Gasoline Prices Ripe For Volatility | OilPrice.com

U.S. gasoline prices have stabilized in early June, but gas prices could become increasingly volatile because conditions are ripe for some major movements in the broader market

oilprice.com

 

[Maggot]

$2.91 At Sam's in Lawton

 

[Hobo Hilton]

WTI Crude •	71.97	+2.18	+3.12%
Brent Crude •	76.73	+0.48	+0.63%

 

[Marinevet1]

Diesel at Costco in Kansas City today..........$3.03........

 

[DIBBS]

Fuck the Dems in Washington State....

Here's why Washington state has the most expensive gas in the U.S.

According to AAA, a gallon of unleaded gasoline costs $4.98 in Washington state, up from $4.61 one month ago.

www.king5.com

 

[Hobo Hilton]

WTI Crude •	73.86	+2.06	+2.87%
Brent Crude •	78.25	+1.73	+2.26%

Oil Prices Set For A Second Weekly Gain As Supply Concerns Mount | OilPrice.com

Oil prices are on course for a second consecutive weekly gain as supply concerns finally begin to break through the market’s preoccupation with demand.

oilprice.com

 

[Hobo Hilton]

WTI Crude •	73.62	-0.24	-0.32%
Brent Crude •	78.30	-0.17	-0.22%
The Great Oil Market Paradox: Inflation Fears Meet Rising Demand | OilPrice.com Inflation concerns and rate hike fears, which have been driving oil market moves, might soon be overtaken by issues of demand and supply. oilprice.com

 

[Hobo Hilton]

Washington state’s nation-leading gasoline prices should serve as a warning

What explains the almost $2 extra at the pump in Washington and California? Part of it is state taxes. But what really sets them apart is their climate policies targeting gasoline.

www.foxnews.com

 

[babyguppy]

Diesel at Costco in Kansas City today..........$3.03........

4.15 in Phoenix AZ last I looked

 

[Hobo Hilton]

WTI Crude •	74.62	+1.63	+2.23%
Brent Crude •	79.20	+1.51	+1.94%

 

[Hobo Hilton]

Up, up, up

WTI Crude •	75.47	+0.64	+0.86%
Brent Crude •	79.93	+0.53	+0.67%

 

[TACC]

$3.09 Costco regular in South Florida

 

[Hobo Hilton]

$3.09 Costco regular in South Florida

Sour Crude Oil Prices Skyrocket As Saudi Arabia Tightens Supply | OilPrice.com

Reduced oil supply from Saudi Arabia and other OPEC+ producers has significantly increased sour crude oil prices globally.

oilprice.com

 

[BullGear]

Gas in my area has gone down from $3.55.9 to $3.45.9 Small but appreciated.

 

[Hobo Hilton]

$4 gasoline is on the horizon.

WTI Crude •	75.27	+1.12	+1.51%
Brent Crude •	79.46	+0.96	+1.22%

 

[babyguppy]

$4 gasoline is on the horizon.

WTI Crude •	75.27	+1.12	+1.51%
Brent Crude •	79.46	+0.96	+1.22%

4.00 Gas...... hell yes. I'd love to see it decrease 50 cents..
Oh, you mean all the people who've been paying 3.10; yea, it's going to rise.

 

[Hobo Hilton]

4.00 Gas...... hell yes. I'd love to see it decrease 50 cents..
Oh, you mean all the people who've been paying 3.10; yea, it's going to rise.

Well, you know, I have to work with some of those skewed figures that are being reported.
Somewhat regional. Just does not work out for me to drive to Baytown, Texas for a fill up and save 50 cents / gallon.

 

[BullGear]

Had a 14 cent jump in regular over the last 7-10 days!

 

[TACC]

$3.19 @ Costco south Florida

Had a 10 cent raise in 48 hours

 

[Hobo Hilton]

WTI Crude •	76.96	+1.21	+1.60%
Brent Crude •	80.92	+1.29	+1.62%

 

[Hobo Hilton]

Oil Prices Set For Fourth Consecutive Weekly Gain As Supply Tightens | OilPrice.com

Oil markets are on course for a fourth consecutive weekly gain as traders grow increasingly bullish about tightening supply.

oilprice.com

 

[TACC]

Up to $3.24 now at Costco in South Florida

 

[BullGear]

Price went up 6 cents per gallon while the truck was still unloading the gas.

 

[Bigfatcock]

I’ll start another short position if it creeps over $100 per barrel this summer. Cover right around Christmas since prices will be lower to keep the peasants from being angry.

 

[Hobo Hilton]

WTI Crude •	77.07	+1.42	+1.88%
Brent Crude •	81.07	+1.43	+1.80%

 

[Hobo Hilton]

WTI Crude •	77.01	-0.06	-0.08%
Brent Crude •	81.02	-0.05	-0.06%

https://oilprice.com/Energy/Energy-General/US-Oil-Rig-Count-Continues-To-Drop.html

 

[GreenGO Juan]

Around 3.20 in NWFL for 87oct 10%Ethanol.

 

[Hobo Hilton]

The SPR Could Stay Half Empty Forever | OilPrice.com

The Biden Administration has released close to 300 million barrels of crude from the SPR, but the reserves may never be replenished

oilprice.com

 

[Hobo Hilton]

WTI Crude •	79.01	+0.27	+0.34%
Brent Crude •	82.95	+0.21	+0.25%

 

[Hobo Hilton]

WTI Crude •	79.27	-0.36	-0.45%
Brent Crude •	83.27	-0.37	-0.44%

Demand Surge Set To Push Oil Prices Higher This Year | OilPrice.com

While demand has already returned to pre-pandemic levels and set for a record annual average this year, supply is having trouble keeping up, setting the stage for higher oil prices in the second half of this year

oilprice.com

 

[Hobo Hilton]

WTI Crude •	79.51	+0.73	+0.93%
Brent Crude •	83.55	+0.63	+0.76%

https://oilprice.com/Energy/Energy-General/Oil-Prices-Rise-As-Focus-Returns-To-Supply-Tightness.html

 

[fpgt72]

Up .30 this week here.

 

[Hobo Hilton]

U.S. Gasoline Prices Reach 8-Month High | OilPrice.com

Average gasoline prices have risen by 13.4 cents from a week ago today, according to AAA data published on Thursday

oilprice.com

 

[babyguppy]

Diesel - 3.89 to 3.99 depending on which corner store you shop.
Gas - 3.79 to 3.99 depending on same.
Phx prices

 

[BullGear]

I'd like to know why the large increase in Summer time gas prices? Doesn't make any sense to me.

 

[babyguppy]

I'd like to know why the large increase in Summer time gas prices? Doesn't make any sense to me.

combatting climate change

 

[BullGear]

combatting climate change

Yeah, that's the ticket......

 

[Hobo Hilton]

WTI Crude •	80.54	+0.45	+0.56%
Brent Crude •	84.92	+0.68	+0.81%

 

[Hobo Hilton]

Gasoline: The Price Rally That Nobody Saw Coming | OilPrice.com

A quick rise in gasoline prices spells trouble for governments and central banks alike as they continue their fight against inflation

oilprice.com

 

[GreenGO Juan]

Going up here to. This was yesterday.

Look at that diesel thought

 

[Maxwell]

Friday it was $3.479. Saturday was $3.579. Sunday it was $3.679. You read it right, 10 cents every day. And that is the cheap SUNOCO station a few miles outside of town.

Maxwell

 

[Hobo Hilton]

Friday it was $3.479. Saturday was $3.579. Sunday it was $3.679. You read it right, 10 cents every day. And that is the cheap SUNOCO station a few miles outside of town.

Maxwell

 

[TACC]

$3.36 @ South Florida Costco

 

[Hobo Hilton]

WTI Crude •	81.34	+0.76	+0.94%
Brent Crude •	85.55	+0.56	+0.66%

https://oilprice.com/Energy/Energy-...-Largest-Monthly-Gain-Since-January-2022.html

 

[SONIC SAAMI]

In Central Oregon unleaded regular gasoline for about two months held at $4.49 per gallon.
In the past couple of days it's increased $.20 a gallon.

 

[Hobo Hilton]

I am starting to "question" AAA's numbers...

WTI Crude •	81.50	+0.92	+1.14%
Brent Crude •	85.63	+0.64	+0.75%

 

[Hobo Hilton]

Oil Buyers Brace For Saudi Arabia To Boost Prices Once Again | OilPrice.com

Oil buyers are bracing for another price hike from Saudi Arabia as the rollover of its 1 million barrel per day production cut tightens the market.

oilprice.com

WTI Crude •	81.86	+0.06	+0.07%
Brent Crude •	85.39	-0.04	-0.05%

 

[Hobo Hilton]

You guy's remember the toilet paper shortage ? Really no shortage, at all. Simply panic buying after rumors.
Here we go again.
_____________________

Crude oil inventories in the United States unexpectedly fell sizably this week by 15.4 million barrels, the American Petroleum Institute (API) data showed on Tuesday after increasing by 1.319 million barrels in the week prior.
Analysts were expecting a draw of 900,000 barrels in U.S. crude-oil inventories. The total number of barrels of crude oil gained so far this year is 20 million barrels, according to API data, although the net draw in crude inventories since April is 27 million barrels.
On Monday, the Department of Energy (DoE) reported no change for the third week in a row to the inventory held in the Strategic Petroleum Reserve (SPR) in the week ending July 28, with the SPR inventory still sitting at a 40-year low of 346.8 million barrels.

Oil Prices Balloon On Largest Single-Week Crude Inventory Crash In Years | OilPrice.com

Crude oil inventories in the United States unexpectedly fell sizably this week by 15.4 million barrels, the American Petroleum Institute (API) data showed on Tuesday

oilprice.com