Oil on the (downward slide) upward climb...

[orange]

I looked at the prices while I was out and about yesterday and we still haven't gotten below $2.10-2.11, I think that will be all she wrote for a while possibly, there is a lot of itching to get oil back up to $30-40 bbl as a support level it seems, whether it has legs to stand on or not.

 

[orange]

Surprise Surprise Surprise!

Two of our stations, Love's Travel Plaza and Pilot-Flying J sneaked in 1.99 and the others are down to $2.03-2.05!

The ones by the mall are always the last to drop.

 

[BlazeES]

Saudi Arabia, Russia, Qatar, Venezuela agree to freeze oil production

http://www.marketwatch.com/story/sa...ela-agree-to-freeze-oil-production-2016-02-16

 

[Northwinds]

Saudi Arabia, Russia, Qatar, Venezuela agree to freeze oil production

http://www.marketwatch.com/story/sa...ela-agree-to-freeze-oil-production-2016-02-16

"The agreement was struck after a short meeting in Qatar, but it came with a significant caveat: Iran and Iraq must also halt production increases. Iraq’s production has soared to record levels as it furiously pumps to generate revenue to fight a war against Islamic State, while Iran is trying to ramp up output now that western sanctions over its nuclear program have ended"

Not likely

Russia can't afford to stop pumping, Venezula is a corrupt mess and any cutback would be pumped, siphoned and sold illegally. Saudi Arabia is running out of cash. Qatar is the only country that can afford to not increase production. No way Iran is going to do shit, they need money and are sitting on enough oil to pump like madmen for 50+ years. Iraq will keep right on pumping also to cut the Saudis throat

It's more likely that WWIII will start and it will be over oil. Of course then, oil will be useless since everybody will be dead

 

[Gepetto]

"The agreement was struck after a short meeting in Qatar, but it came with a significant caveat: Iran and Iraq must also halt production increases. Iraq’s production has soared to record levels as it furiously pumps to generate revenue to fight a war against Islamic State, while Iran is trying to ramp up output now that western sanctions over its nuclear program have ended"

Not likely

Russia can't afford to stop pumping, Venezula is a corrupt mess and any cutback would be pumped, siphoned and sold illegally. Saudi Arabia is running out of cash. Qatar is the only country that can afford to not increase production. No way Iran is going to do shit, they need money and are sitting on enough oil to pump like madmen for 50+ years. Iraq will keep right on pumping also to cut the Saudis throat

It's more likely that WWIII will start and it will be over oil. Of course then, oil will be useless since everybody will be dead

And then the cycle repeats...

 

[laatsch55]

This happens at every election cycle in the USA. After November, expect gas prices to rise again.

My wife wants to know if our aging Honda Accord should be replaced with a hybrid, a full electric, or stick with a conventional power plant. Pros/cons?

Well , that didn't pan out....

 

[Web Police]

Gasoline was on a downward slide till about 6 weeks ago, when the oil companies in cahoots with the refiners and retailers decided prices were too low, then claiming the could not keep up with production under the guise of usage going up they jacked the prices 30% in one week.

 

[laatsch55]

1.69 here....

 

[orange]

Gasoline was on a downward slide till about 6 weeks ago, when the oil companies in cahoots with the refiners and retailers decided prices were too low, then claiming the could not keep up with production under the guise of usage going up they jacked the prices 30% in one week.

it's called, "See the USA in your Chevrolet"...

They expect we will be going to see bison and our mothers-in-law (and no jokes about which is which) because flying will be a joke and planes don't stop at souvenir shops and McDonalds or offer much of a nice view.

Then they go BOOM.

In other words, SUMMER IS NEAR...why didn't you go before we left the rest stop?

 

[orange]

And $2.02

 

[BlazeES]

1.69 here....

Damn !

The average, big name stations around these parts is

Reg-2.85
Mid-2.95
Prem-3.05

My usual place - that gives people a break is

Reg-2.59
Mid-2.69
Prem-2.79


Looks to me like the 'Cartel' wants ~40/barrel oil.
Probably good for the little guys and frackers in U.S. too.

 

[laatsch55]

The suppliers around here got caught with a bunch during the slowdown here, it won't last long, but they are pushing some excess stock. 480 miners got laid off today, gonna get worse...

 

[fitz43]

1.69 here....

Beats the $2.15 I paid in Sumas, Wa today.

 

[orange]

Doesn't Washington State have a lot of taxes in general anyway?

And do remember, if you are that close to Canada you will have higher prices and 'tourist' infrastructures that exist at most borders.

 

[fitz43]

Doesn't Washington State have a lot of taxes in general anyway?

And do remember, if you are that close to Canada you will have higher prices and 'tourist' infrastructures that exist at most borders.

http://dor.wa.gov/Content/FindTaxesAndRates/OtherTaxes/tax_MVfuel.aspx

http://auto.howstuffworks.com/fuel-efficiency/fuel-consumption/gas-price1.htm

 

[stuwee]

Last week it was $1.35 in Tucson, today $2.05. I'm happy about this, my portfolio took a major hit last quarter in the market because of low oil prices, I'd be happy to pay a few more $$'s at the pump to recoup the Thousands I lost ...

 

[Northwinds]

Let's see, we were at $1.69 a few weeks ago and now $2.05 freakin' BS

 

[BlazeES]

Let's see, we were at $1.69 a few weeks ago and now $2.05 freakin' BS

Agreed !

 

[BlazeES]

Always a good sign when the stock market bolts upward and oil sags.

We need more of that !

 

[laatsch55]

Easy now......