Price Check in the Gas and Diesel Aisle...

[Hobo Hilton]

The Odds of $100 Oil Are Rising as Supply Shocks Convulse the Market

(Bloomberg) -- When oil jumped above $90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to global supply shocks that are intensifying fears of a commodity-driven inflation resurgence.Most Read from...

ca.finance.yahoo.com

 

[Hobo Hilton]

WTI Crude •	86.59	+0.16	+0.19%
Brent Crude •	90.38	-0.79	-0.87%

 

[babyguppy]

Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24

 

[Hobo Hilton]

Appearing the career politicians think that $85 oil is cheap and the consumers have no reason to complain.
If $85 oil is cheap enough for the consumer it's cheap enough to use to refill the Strategic Oil Storage.

WTI Crude •	85.37	-0.29	-0.34%
Brent Crude •	90.12	-0.33	-0.36%

 

[TACC]

$3.29 regular at south Florida Costco

 

[n2ishun]

I just walked out and looked since I can see one of those 100 foot tall lit up gas price signs about 1/2 mile away.
$2.85 reg unl as of 2 minutes ago
$3.44 De-smell.....I mean diesel

 

[BG94591]

87= $5.30
Diesel= $5.15

 

[babyguppy]

87= $5.30
Diesel= $5.15

that CA?

 

[John Glidewell]

It was $5.10 for premium in Reno last week

 

[mosin46]

central fl $3.45 @ 11am,$3.79 @ 2pm

 

[BG94591]

that CA?

Sadly

 

[Hobo Hilton]

WTI Crude •	86.10	+0.69	+0.81%
Brent Crude •	90.78	+0.68	+0.75%

 

[babyguppy]

Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24

 

[Hobo Hilton]

Interesting / Disturbing / Political / Unexplainable... ?

Oil prices settle at three-week low with U.S. supplies up a fourth week in a row

Oil futures declined on Wednesday for a third straight session, with prices falling to their lowest in three weeks.
Analysts attributed the weakness to a fourth straight weekly climb in U.S. crude inventories, as well as concerns about the outlook for China’s energy demand in the wake of recent economic data.

 

[Hobo Hilton]

Not appearing that the lower price of oil is being passed down to the consumer at the gas pump.
Inflation cost of the middle men are being passed along to the consumer.

WTI Crude •	82.94	+0.13	+0.16%
Brent Crude •	88.16	+0.14	+0.16%

 

[babyguppy]

Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24
4.39 - 4/25/24

 

[Californio]

Arizona Mountains, diesel $3.95 and for the first time in years, regular gas is more $4.39, yesterday.

 

[babyguppy]

Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24
4.39 - 4/25/24
4.19 - 4/28/24 Diesel 4.13

 

[Hobo Hilton]

WTI Crude •	79.13	-2.80	-3.42%
Brent Crude •	83.58	-2.75	-3.19%

 

[n2ishun]

I just walked out and looked since I can see one of those 100 foot tall lit up gas price signs about 1/2 mile away.
$2.85 reg unl as of 2 minutes ago
$3.44 De-smell.....I mean diesel

Still exact same prices here...

 

[Pester]

Still exact same prices here...

$3.59 in Carson City NV. And a little over an hour away in CA......... $5.89

 

[babyguppy]

Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24
4.39 - 4/25/24
4.19 - 4/28/24 Diesel 4.13

Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24
4.39 - 4/25/24
4.19 - 4/28/24 Diesel 4.13
4.15 - 5/11/24 Diesel 4.05

 

[Californio]

WeKoPa Casino, Highway 87, AZ
Regular 3.93
Diesel 3.72

 

[Lawless]

The Sheetz and the Circle K close to me both have diesel for $3.37 which is cheaper than their price for Regular. This hasn’t been the case for a loooonnnngggggg time.

 

[Hobo Hilton]

The Sheetz and the Circle K close to me both have diesel for $3.37 which is cheaper than their price for Regular. This hasn’t been the case for a loooonnnngggggg time.

Renewable diesel glut hits US refiner profits, threatens nascent industry​

NEW YORK, May 13 (Reuters) - A rush by U.S. fuel makers to recalibrate their plants to produce renewable diesel has created a supply glut for low-emissions biofuels, hammering profit margins for refiners and threatening to impede a young industry.
Turmoil in the biomass-based diesel sector, an umbrella term for renewable diesel and biodiesel, could become a roadblock to future investments in biofuels, the U.S. Energy Information Administration (EIA) said this year. That could potentially stall the transition away from traditional fossil fuels.

Some producers of these biofuels have already shuttered plants this year, and industry participants say more are set to go out of business before the year's end.

https://www.reuters.com/markets/commodities/renewable-diesel-glut-hits-us-refiner-profits-threatens-nascent-industry-2024-05-13/

 

[Lawless]

Yeah I filled my extra diesel storage capacity cause rebounds are a thing

 

[babyguppy]

Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24
4.39 - 4/25/24
4.19 - 4/28/24 Diesel 4.13
4.15 - 5/11/24 Diesel 4.05

Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24
4.39 - 4/25/24
4.19 - 4/28/24 Diesel 4.13
4.15 - 5/11/24 Diesel 4.05
4.09 - 5/14/24

 

[Herb Stoner]

$6.05 for premium this week. Near our daughters home in a mountain resort town so prices do tend to be higher there. Low to mid $5 closer to hame about 30 minutes away.

 

[Hobo Hilton]

$80 oil is no longer "cheap oil".




U.S. crude oil prices pushed past $80 on Friday, with the global benchmark Brent crude also enjoying its first weekly gain since mid-April on Chinese industrial output data and U.S. consumer prices, both of which came in more favorably than anticipated for April.
On Friday at 4:20 p.m. ET, West Texas Intermediate (WTI) was trading a penny shy of $80, and had surpassed $80 earlier in the afternoon. Brent crude was trading at $83.91, up 0.77% on the day.
The April U.S. Consumer Price Index (CPI) released on Wednesday showed a 0.3% increase from March, lower than the Dow Jones estimate of 0.4%. This data lent more optimism to the potential for the Federal Reserve to cut interest rates, with some speculating that rate cuts could start as early as September, according to CNBC.
Also boosting oil prices was Chinese economic data released earlier on Friday. Official data cited by Reuters showed China’s industrial output growing 6.7% year-on-year in April, up from 4.5% in March and beating expectations of a Reuters poll of analysts of 5.5%.
Both sets of economic data provide strong tailwinds for oil demand.
U.S. crude oil prices pushed past $80 on Friday, with the global benchmark Brent crude also enjoying its first weekly gain since mid-April on Chinese industrial output data and U.S. consumer prices, both of which came in more favorably than anticipated for April.
On Friday at 4:20 p.m. ET, West Texas Intermediate (WTI) was trading a penny shy of $80, and had surpassed $80 earlier in the afternoon. Brent crude was trading at $83.91, up 0.77% on the day.
The April U.S. Consumer Price Index (CPI) released on Wednesday showed a 0.3% increase from March, lower than the Dow Jones estimate of 0.4%. This data lent more optimism to the potential for the Federal Reserve to cut interest rates, with some speculating that rate cuts could start as early as September, according to CNBC.
Also boosting oil prices was Chinese economic data released earlier on Friday. Official data cited by Reuters showed China’s industrial output growing 6.7% year-on-year in April, up from 4.5% in March and beating expectations of a Reuters poll of analysts of 5.5%.
Both sets of economic data provide strong tailwinds for oil demand.

WTI Crude •	80.00	+0.77	+0.97%
Brent Crude •	83.96	+0.69	+0.83%

 

[babyguppy]

Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24
4.39 - 4/25/24
4.19 - 4/28/24 Diesel 4.13
4.15 - 5/11/24 Diesel 4.05
4.09 - 5/14/24
4.07 - 5/22/24

 

[Hobo Hilton]

Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24
4.39 - 4/25/24
4.19 - 4/28/24 Diesel 4.13
4.15 - 5/11/24 Diesel 4.05
4.09 - 5/14/24
4.07 - 5/22/24

Keep that Tesla plugged in. Plan your escape route. Leave early... like tomorrow.

EIA Warns Severe Hurricane Season Could U.S. Disrupt Oil & Gas​

EIA Warns Severe Hurricane Season Could U.S. Disrupt Oil & Gas | OilPrice.com

Up to 25 named storms for this year’s hurricane season could wreak more havoc on the American oil and gas industry than ever before according to the U.S.

oilprice.com

 

[Hobo Hilton]

Back up to expensive ($80 +) oil.

WTI Crude •	80.22	+0.39	+0.49%
Brent Crude •	84.54	+0.32	+0.38%

 

[TACC]

$3.18 regular gas at Costco in South Florida

 

[babyguppy]

Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24
4.39 - 4/25/24
4.19 - 4/28/24 Diesel 4.13
4.15 - 5/11/24 Diesel 4.05
4.09 - 5/14/24
4.07 - 5/22/24

Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24
4.39 - 4/25/24
4.19 - 4/28/24 Diesel 4.13
4.15 - 5/11/24 Diesel 4.05
4.09 - 5/14/24
4.07 - 5/22/24
3.97 - 5/29/24

 

[Whiskey Tango Foxtrot]

Got diesel for 3.19 yesterday mideast tx.
I was surprised

 

[Hobo Hilton]

Good news for the summer driving season:

WTI Crude •	73.00	-1.22	-1.64%
Brent Crude •	77.15	-1.21	-1.54%

Oil Prices Fall as Bearish Sentiment Builds​

https://oilprice.com/Energy/Energy-General/Oil-Prices-Fall-as-Bearish-Sentiment-Builds.html

 

[Bigfatcock]

Good news for the summer driving season:

WTI Crude •	73.00	-1.22	-1.64%
Brent Crude •	77.15	-1.21	-1.54%

Oil Prices Fall as Bearish Sentiment Builds​

https://oilprice.com/Energy/Energy-General/Oil-Prices-Fall-as-Bearish-Sentiment-Builds.html

Hahaha. Oil bools are low IQ.

 

[babyguppy]

another change
Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24
4.39 - 4/25/24
4.19 - 4/28/24 Diesel 4.13
4.15 - 5/11/24 Diesel 4.05
4.09 - 5/14/24
4.07 - 5/22/24
3.97 - 5/29/24
3.79 - 6/4/24

 

[Whiskey Tango Foxtrot]

Got diesel for 3.19 yesterday mideast tx.
I was surprised

Damn 3.05 today!

 

[Bigfatcock]

455 horsepower economy car.

 

[Hobo Hilton]

US gas prices are falling. Experts point to mild demand at the pump ahead of summer travel

NEW YORK (AP) — Gas prices are once again on the decline across the U.S., bringing some relief to drivers now paying a little less to fill up their tanks.

www.wbrz.com

 

[babyguppy]

another change
Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24
4.39 - 4/25/24
4.19 - 4/28/24 Diesel 4.13
4.15 - 5/11/24 Diesel 4.05
4.09 - 5/14/24
4.07 - 5/22/24
3.97 - 5/29/24
3.79 - 6/4/24
3.49 - 6/13/24 - sams club, holding at 3.79 at circle K

 

[Hobo Hilton]

Crew Abandons Sinking Bulk Carrier In Red Sea After Houthi Attack​

WTI Crude •	80.47	+2.02	+2.57%
Brent Crude •	84.42	+1.80	+2.18%

https://oilprice.com/Geopolitics/Mi...k-Carrier-In-Red-Sea-After-Houthi-Attack.html

https://apnews.com/article/yemen-houthi-rebels-rubymar-sinks-red-sea-fb64a490ce935756337ee3606e15d093

 

[babyguppy]

another change
Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24
4.39 - 4/25/24
4.19 - 4/28/24 Diesel 4.13
4.15 - 5/11/24 Diesel 4.05
4.09 - 5/14/24
4.07 - 5/22/24
3.97 - 5/29/24
3.79 - 6/4/24
3.79 6/13/24 at circle K --3.49 - 6/13/24 - sams
3.69 - 6/19/24 circle K

 

[Hobo Hilton]

Just in time for the summer road trips.

Bigfatcock​

WTI Crude •	82.27	+0.70	+0.86%
Brent Crude •	85.84	+0.77	+0.91%

 

[Hobo Hilton]

Unrest in the Red Sea has prices increasing, on everything.

Houthis Release Dramatic Video Of Bulk Carrier Being Blown Apart In Red Sea​

Houthis Release Dramatic Video Of Bulk Carrier Being Blown Apart In Red Sea | OilPrice.com

The significance of this Houthi attack marked the first time a ship was hit by an uncrewed surface vessel packed with explosives

oilprice.com

 

[babyguppy]

Unrest in the Red Sea has prices increasing, on everything.

Houthis Release Dramatic Video Of Bulk Carrier Being Blown Apart In Red Sea​

Houthis Release Dramatic Video Of Bulk Carrier Being Blown Apart In Red Sea | OilPrice.com

The significance of this Houthi attack marked the first time a ship was hit by an uncrewed surface vessel packed with explosives

oilprice.com

If guess if China's products get expensive enough; we'll start making them here.

 

[Hobo Hilton]

Oil extends losses as strong dollar weighs on commodities markets​

SINGAPORE, June 24 (Reuters) - Oil prices fell in early Asian trade on Monday for a second straight session, weighed down by a stronger dollar after concerns of higher-for-longer interest rates resurfaced and cooled investors' risk appetite.
Brent crude futures slid 40 cents, or 0.5%, to $84.84 a barrel by 0036 GMT, after settling down 0.6% on Friday. U.S. West Texas Intermediate crude futures were at $80.34 a barrel, down 39 cents, or 0.5%.

"The U.S. dollar has opened bid this morning and appears to have broken higher following better U.S. PMI data on Friday night and political concerns ahead of the French election," said Tony Sycamore, a Sydney-based markets analyst at IG.
A stronger greenback makes dollar-denominated commodities less attractive for holders of other currencies.
However, both benchmark crude contracts gained about 3% last week on signs of stronger oil products demand in the U.S., world's largest consumer, and as OPEC+ cuts kept supply in check.

WTI Crude •	80.65	-0.08	-0.10%
Brent Crude •	85.18	-0.06	-0.07%

https://www.reuters.com/business/energy/oil-extends-losses-strong-dollar-weighs-commodities-markets-2024-06-24/

 

[Hobo Hilton]

American hegemony's grave wound: The true story of the petrodollar's demise

News about the expiration of a Washington-Riyadh deal may be fake but an arrangement that is key to the dollar success has eroded Read Full Article at RTcom

www.bignewsnetwork.com

 

[babyguppy]

another change
Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24
4.39 - 4/25/24
4.19 - 4/28/24 Diesel 4.13
4.15 - 5/11/24 Diesel 4.05
4.09 - 5/14/24
4.07 - 5/22/24
3.97 - 5/29/24
3.79 - 6/4/24
3.79 6/13/24 at circle K --3.49 - 6/13/24 - sams
3.69 - 6/19/24 circle K
3.65 - 6/26-24 circle K -- 3.35 sams ..... creeping lower LOL