Gasoline prices Skyrocketing!

[BlazeES]

Oh ... I thought I remembered you stating price levels around those numbers being at or around bare minimum sustainability. My bad. Sorry.

 

[laatsch55]

Some wells can make money at that Tony, but very few and we don't have enough...

 

[Oldaudioschool]

Down to $1.11 for ethanol grade.

Its been reported that Russia and the Saudi's are talking about reducing output by 12 to 20 million barrels daily. Not sure if that will help the US suppliers.

 

[BlazeES]

$1.01 at Valero

 

[BlazeES]

that was this morning ... this is now

 

[orange]

Hand sanitizer is more expensive that car diesel.

 

[J!m]

Bottled water is more expensive.

 

[laatsch55]

Pretty big differential between gas and diesel....remember when gas was more expensive??

 

[Oldaudioschool]

$1.09 this morning at Murphy's and couple of other locations. We still see higher prices, $1.18, at branded stations, BP & Shell.

Its reported that Trump has agreed to subsidize Mexico's reduction in output for about 15,000 barrels daily. Where the hell is he going to get the money? Its questionable if congress will go a long with a stimulus proposal for a foreign entity without a repayment plan that could possibly contain some loophole that favor's the GOP administration.

 

[BlazeES]

Pretty big differential between gas and diesel....remember when gas was more expensive??

I sure do.

 

[J!m]

They just print more money as needed.

 

[orange]

Bottled water is more expensive.

There used to be a cruddy drinking fountain and nobody complained...not they want to fill a pop jug the size of the ABS man's liuid nitrogen bottle with all the bull goodies. It lasts all day, they say. Good gravy!

My dad's stations had either a 10 oz bottle or 12 oz. can machine and we chose what it held.

 

[laatsch55]

$1.09 this morning at Murphy's and couple of other locations. We still see higher prices, $1.18, at branded stations, BP & Shell.

Its reported that Trump has agreed to subsidize Mexico's reduction in output for about 15,000 barrels daily. Where the hell is he going to get the money? Its questionable if congress will go a long with a stimulus proposal for a foreign entity without a repayment plan that could possibly contain some loophole that favor's the GOP administration.

We import crude from Mexico and in turn sell them natural gas. A subsidy could just be we import more crude..no biggie. With production falling off in the US, we'll be a net importer in a couple months anyway.

 

[BlazeES]

With production falling off in the US, we'll be a net importer in a couple months anyway.

I think Trump said as much just yesterday ...

 

[laatsch55]

Yeah, I heard he follows the forum...

 

[BlazeES]

 

[J!m]

He has a large investment in precious metal:

 

[nakdoc]

Tapes got one President into a lot of trouble!

 

[J!m]

That was open reel. No problem.

 

[orange]

IIRC It was a European deck.