$1.24 was $1.19 two days ago.
Topped off vehicle and filled 3 five galloners with PRI-G added.
Was on the way to grab some straw bales for next year, considering Greatest Depression has started and straw is from Canada.
Oil is on a dead cat bounce.
Demand... DOES NOT EXIST.
Central KY Speedway , if you shop around, is down to $1.319 and another 3 cents off ($1.289) if you use a Speedy Rewards Card or a Speedway Credit Card.
I put PLUS/ Mid-Range in that Hemi engine so I pop for another 25 cents $1.539.
In NW Florida I've noticed in times of stable energy costs, local pump price tends to "spot" (commodities market RBOB gasoline Nymex) + $.60 to $.70. The $.60-$.70 covers transportation, tax, retail costs, etc.
I've also noticed that the retail market reacts almost instantaneously to market price spikes, whereas dips, no matter how sharp, take weeks to months to factor in.
A week ago, Nymex gas was in the $.44 range, now it's $.67. The relatively small market in West Florida is mostly around $1.80, a historical high relative to spot. A group of stations near where I live are in the $1.65 range but the rest of the area is hanging on with their fingernails.
went up a nickel to 1.45 about a week ago or so, has since been dropping 1.26 now.
Just read an article about an agreement to with Saudis to drastically cut production.
The greedy one's are going to spoil our party.
If ya got anything empty you better...…..soon
In France, fuel at the pump is down only about 20% from the highs. 1.30 Euros instead of 1.70 Euros for 1 LITER (quart), so $5.50/gallon now at the "discount" pumps. 65-80% of the price of fuel is taxes, like everywhere in the EU... so the price of crude doesn't influence the pump price much... Actually, the "remaining" percentage is ALSO taxed (refining, distribution, transport, service stations)... so crude price is almost IRRELEVANT...