I'm on my way outI left. Not going to raise a family in WA. Ethanol free 91 octane is 40 cents cheaper in Idaho than regular 10% ethanol 87 octane 5 minutes away in Washington. It’s theft through taxation.
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I'm on my way outI left. Not going to raise a family in WA. Ethanol free 91 octane is 40 cents cheaper in Idaho than regular 10% ethanol 87 octane 5 minutes away in Washington. It’s theft through taxation.
Gas here is $2.92 for 87. $3.33 for premium at Sam’s.California gas prices near $6 a gallon
Average gas prices in California are nearing $6 a gallon due to issues at several refineries within the state. There are 14 refineries in California, producing more than 1.6 million barrels per day.www.foxbusiness.com
WTI Oil at $90+ ..... Some things are not adding up. Wide spread from region to region, like many other things. The shelves in the store may be full but they just don't seem to have the one item you went in to pick up.Gas here is $2.92 for 87. $3.33 for premium at Sam’s.
I expect gas to get cheaper through krimuss to keep the natives docile.WTI Oil at $90+ ..... Some things are not adding up. Wide spread from region to region, like many other things. The shelves in the store may be full but they just don't seem to have the one item you went in to pick up.
cost of transport.. (I laugh)..."Cost to Transport" is coming back into the spotlight.
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The cost of transporting U.S. crude from the Gulf Coast to Europe has been increasingly determining the discount at which the U.S. benchmark WTI trades relative to the North Sea crude benchmark Brent, according to estimates by Argus.
So far in September, the cost of shipping a U.S. crude cargo from the Gulf Coast to Europe has been nearly the same as the Brent-WTI spread.
This month, a cargo of 700,000 barrels of WTI crude has cost $2.33 per barrel on average to transport from the U.S. Gulf Coast to Europe. This has been only a penny away from the average premium at which the second-month Brent futures contract on the ICE has traded over the NYMEX front-month WTI futures contract, Argus has estimated.
The Spread Between Brent And WTI Has Aligned With Transatlantic Freight Costs | OilPrice.com
The discount at which WTI trades relative to Brent is now nearly exactly aligned with the cost of shipping U.S. crude to Europe.oilprice.com
in other words, they are enjoying the high prices.Warren Buffet says "Steady as she goes"....
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Occidental Petroleum Corp. will not be increasing oil output, with its CEO saying that the recent surge in oil to above $90 per barrel is happening without balance in the market.
Speaking on Bloomberg Television, Occidental CEO Vicki Hollub said, “Only in a market where we see balance would we increase our oil production – and even then it would be at a moderate pace.”
Even if oil prices topped $100 per barrel, Hollub told Bloomberg, they would not likely be sustainable long enough to lead to demand destruction.
Hollub cited the shale industry’s new-found discipline to hold off on production increases that at the height of the sale boom led to drillers taking advantage of high per-barrel prices in the short-term by raising output significantly, leading to a market oversupply problem
Occidental Won’t Increase Oil Output Despite Soaring Crude | OilPrice.com
Occidental Petroleum Corp. will not be increasing oil output, with its CEO saying that the recent surge in oil to above $90 per barrel is happening without balance in the marketoilprice.com
Lack of competitionnew-found discipline to hold off on production
That is the plan.in other words, they are enjoying the high prices.
they can pump 100 barrels @ 100 dollars or 120 barrels and lower the price to 80. Which is more favorable?
Lack of competition
It would seem the three West Coast States have some of the highest priced fuels in the nation.$5.59 for 87 in Costa Mesa, CA. A "mountain" town east of San Diego was $6.99 for regular and $7.79 for diesel on Sunday morning when we stopped to grab sandwiches for a range day. It's normally higher there, but it was extremely high this time.
And both California and Washington have several large refineries.It would seem the three West Coast States have some of the highest priced fuels in the nation.
The Deep State is wanting to hold that price down. Good for an election year.$3.31 Regular at Costco south Florida
As we are witnessing this is another commodity with prices fluctuating wildly between "regions".This is from the news today on gas prices in LA.
View attachment 8237358
Well, Biden made sure to drain the Strategic Oil Storage several months ago. There are no coincidents.ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
Maxwell
Here in Komifornia we would sigh and grumble and pay up, I imagine in the midwest heads would explode.By this time next year gasoline nationwide be seven dollars a gallon.
My other prediction is that the United States will have over 20 million illegal immigrants within its borders by this time next year.Here in Komifornia we would sigh and grumble and pay up, I imagine in the midwest heads would explode.
Several factor's involved:By this time next year gasoline nationwide be seven dollars a gallon.
Lol. Free money every year by shorting summer oil prices.Oct 6 (Reuters) - U.S. gasoline prices are heading south and may hit $3 a gallon in many places in coming weeks with crude oil futures down $10 a barrel over economic fears and eroding demand.
The drop in gasoline prices could benefit consumers and cool inflation. But it also may be a sign of economic weakness with U.S. government data showing the four week average of gasoline demand at lowest seasonals in 26 years.
US gasoline prices could fall to $3 a gallon on oil selloff, rising stocks
U.S. gasoline prices are heading south and may hit $3 a gallon in many places in coming weeks with crude oil futures down $10 a barrel over economic fears and eroding demand.www.reuters.com
In some of my comments I simply reply "Regional". Few Americans have caught on to the "Regional Games". All the "numbers" being reported are spun in favor of the topic of the head line. Over in the "firewood" section we joke about the different wood we use for heating. In the West we use fir and other trash wood. The guys back east or in Mississippi are burning oak and other hardwood's. It is cost prohibitive for me to go 1,000 miles to get some oak fire wood..... Regional. Pay close attention.$3.09 At Sammy's Club in Lawton yesterday.
WHelp, there goes my trip to the west coast. Probably for the best, LOL.In some of my comments I simply reply "Regional". Few Americans have caught on to the "Regional Games". All the "numbers" being reported are spun in favor of the topic of the head line. Over in the "firewood" section we joke about the different wood we use for heating. In the West we use fir and other trash wood. The guys back east or in Mississippi are burning oak and other hardwood's. It is cost prohibitive for me to go 1,000 miles to get some oak fire wood..... Regional. Pay close attention.
Just look at the spread on gasoline prices.
View attachment 8242839
WTI Crude • | 85.21 | +2.42 | +2.92% |
Brent Crude • | 86.65 | +2.07 | +2.45% |
In some of my comments I simply reply "Regional". Few Americans have caught on to the "Regional Games". All the "numbers" being reported are spun in favor of the topic of the head line. Over in the "firewood" section we joke about the different wood we use for heating. In the West we use fir and other trash wood. The guys back east or in Mississippi are burning oak and other hardwood's. It is cost prohibitive for me to go 1,000 miles to get some oak fire wood..... Regional. Pay close attention.
Just look at the spread on gasoline prices.
View attachment 8242839
Some of us contemplaing a drive to Canada in the spring/summer were wondering about gas prices up north. Gny data?
Today's AverageGas Prices - CAA National
With CAA's Gas Price tool, you can view local, provincial and national gas prices, including gas price trends and averages.www.caa.ca