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Author Topic: So what's everone paying for gasoline?  (Read 198766 times)
adively
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« Reply #1825 on: April 20, 2020, 12:47:28 PM »

So if I go fill my tank up they owe me money right?   grin

Good luck on that...the .gov still wants its pound of fleshlight.
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MillCreek
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« Reply #1826 on: April 20, 2020, 03:58:28 PM »

$ 2.09/gallon this afternoon at the Marysville Costco, 40 miles north of Seattle.
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« Reply #1827 on: April 20, 2020, 04:23:27 PM »

Last Friday I had to go back home.

Gas prices in Mathews and through on to Saluda, Virginia, were in the $1.59-$1.65 range.

I tanked up in Tapahannock, Virginia, for $1.47.

In Fredericksburg, VA, right next to I-95, the price was hovering around $1.59.

In Fairfax at the Citgo near my house it was about $1.85.
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« Reply #1828 on: April 20, 2020, 07:16:10 PM »

Last weekend low-test was $1.48 at 3 stations I drive by daily.  Today they were all at $1.49.
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« Reply #1829 on: April 20, 2020, 09:25:45 PM »

1.50/gal, Shreveport, LA, yesterday.
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« Reply #1830 on: April 21, 2020, 02:52:40 AM »

$1.29 here in Cincinnati
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Hawkmoon - Never underestimate another person's capacity for stupidity. Any time you think someone can't possibly be that dumb ... they'll prove you wrong.

Bacon and Eggs - A day's work for a chicken; A lifetime commitment for a pig.
Stupidity will always be its own reward.
Bad decisions make good stories.

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« Reply #1831 on: April 21, 2020, 04:53:05 AM »

SOMEBODY FILL THE STRATEGIC OIL RESERVES! God Dammit!  angry
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« Reply #1832 on: April 21, 2020, 05:41:04 AM »

SOMEBODY FILL THE STRATEGIC OIL RESERVES! God Dammit!  angry

Someone is playing the game better.
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« Reply #1833 on: April 21, 2020, 06:09:33 AM »

SOMEBODY FILL THE STRATEGIC OIL RESERVES! God Dammit!  angry

https://www.foxbusiness.com/markets/with-oil-below-zero-trump-to-top-off-strategic-petroleum-reserve
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« Reply #1834 on: April 21, 2020, 06:19:13 AM »

WTI just hit 21 CENTS a barrel.

Complete and total market collapse.

Brent is still around $26 a barrel...

This is an expiring contract. It could jump back up with the new contract cycle.

Rush Limbaugh was discussing this on his April 20th show.  In the immediate future, oil has plummeted .... but if you go farther out into the future they recover.  It's believed that demand will rise again with recovery,  which isn't unreasonable.

But things sure hurt now.   J. R.  Ewing must be more nervous than a long-tailed cat in a room full of rocking chairs... Popcorn
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« Reply #1835 on: April 21, 2020, 06:19:32 AM »


Great news if it happens. When I recently complained about it (again), I learned Trump doesn't have carte blanche to just do it. So hopefully congress cooperates on this. I mean, it's a win for the fiscal hawks, and even a win to the AOCs that want to stick it to the oil companies.
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« Reply #1836 on: April 21, 2020, 06:55:28 AM »

Great news if it happens. When I recently complained about it (again), I learned Trump doesn't have carte blanche to just do it. So hopefully congress cooperates on this. I mean, it's a win for the fiscal hawks, and even a win to the AOCs that want to stick it to the oil companies.

Does he really need permission from congress if the oil is free?  (or the receiver is paid to take it)  

Appropriations bills need to start in the House, but if the amount is $0 I'd think he could do that out of petty cash.  Certainly he has a small descretionary budget.  Or he could solicit a donation from someone stuck with May oil contracts and no place to put it.
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« Reply #1837 on: April 21, 2020, 07:01:50 AM »

Does he really need permission from congress if the oil is free?  (or the receiver is paid to take it)  

Appropriations bills need to start in the House, but if the amount is $0 I'd think he could do that out of petty cash.  Certainly he has a small descretionary budget.  Or he could solicit a donation from someone stuck with May oil contracts and no place to put it.

I'm guessing the amount won't be $0. My understanding is negative prices factor in having to build additional storage plus transport costs. The SOR would handle the storage part, but I'm betting the gov will pay transport costs. Which seems reasonable to me.
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« Reply #1838 on: April 21, 2020, 10:30:27 AM »

Since this is the Federal government, the cost of $0/bbl oil will probably be $100/bbl or more.
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« Reply #1839 on: April 21, 2020, 10:37:34 AM »

Is there actual storage facilities for the strategic reserves, or do they just buy oil to be left in the ground? I heard about salt domes in LA being used for storage, but it could just be hearsay.
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« Reply #1840 on: April 21, 2020, 11:19:50 AM »

Crude is cheaper than TP, and more abundant! 
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« Reply #1841 on: April 21, 2020, 12:03:13 PM »

Is there actual storage facilities for the strategic reserves, or do they just buy oil to be left in the ground? I heard about salt domes in LA being used for storage, but it could just be hearsay.

See the wiki.  The oil is stored in underground salt caverns mostly in Louisiana and Texas.
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« Reply #1842 on: April 21, 2020, 01:27:35 PM »

97 cents a gallon today
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« Reply #1843 on: April 21, 2020, 01:51:56 PM »

97 cents a gallon today

I got .50 off a gallon at Kwik Star/Trip, that will make for a cheap fill up, now if I can use up my tank before the .50 expire.
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« Reply #1844 on: April 21, 2020, 04:17:22 PM »

I got .50 off a gallon at Kwik Star/Trip, that will make for a cheap fill up, now if I can use up my tank before the .50 expire.

.50 off?  Where'd you get that, from buying all those packs of bacon last month?  (I'm serious)  I have not seen any good discounts, but I was out of the state for over a month so may have missed the flyer.
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« Reply #1845 on: April 21, 2020, 05:10:32 PM »

Filled up for $1.25 today just North of Tulsa.
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« Reply #1846 on: April 21, 2020, 05:50:23 PM »

.50 off?  Where'd you get that, from buying all those packs of bacon last month?  (I'm serious)  I have not seen any good discounts, but I was out of the state for over a month so may have missed the flyer.

Saturday was a one day buy 2 Cheese Mountain Pizzas get .50 off fuel
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« Reply #1847 on: April 21, 2020, 08:57:57 PM »

Saturday was a one day buy 2 Cheese Mountain Pizzas get .50 off fuel

Thanks.  I didn't miss much then.  Their pizza is okay but not that great and a bit overpriced, and my tank only holds 12 gallons.  Not worth it to save at most $6. Smiley  A good deal if you really like their pizza.  Or have a 30 gallon tank.
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« Reply #1848 on: April 25, 2020, 11:04:43 AM »

I filled up in Reno for the first time in yrs, usually its fifty cents cheaper 25 to 30 miles out of town.
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« Reply #1849 on: April 25, 2020, 03:53:48 PM »

Thanks.  I didn't miss much then.  Their pizza is okay but not that great and a bit overpriced, and my tank only holds 12 gallons.  Not worth it to save at most $6. Smiley  A good deal if you really like their pizza.  Or have a 30 gallon tank.

My truck holds 18, I'll fill up all my gas cans at the same time. Have my lawn care fuel covered for the season.
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