question about your local gas prices

Ed Wright · 01-16-2014, 02:29 PM

Quote:

Originally Posted by John Kissel

As far as crude being marketed as a commodity, I have never understood, and my heating oil dealer told me a few years ago, their org. was trying to get it so that only those in the oil business could buy and sell crude. Home heating was $3.41 last week, Shell 93 was $3.75, and Hess 93 was $3.57 this week. Then add in Lucas fuel treatment so we don't have problems.The other stuff won't start a brush fire so I don't mess with it. Care to guess why my days of riding up and down the highway to race are over??? John Kissel

That is most of it right there. Traders.

Jim Wahl · 01-16-2014, 08:20 PM

Today here in Central Florida regular is $3.37. Diesel has stayed at $3.89 to $3.99 for the last several months. On the major highways it's sometimes $.10 or more a gallon than in town. Gasoline does seem to go up by $.05 - $.10 overnight often. No more $.01 - $.02 anymore. Up then down, up then down. No reason to be seen.

Remember when the difference between the three octane grades of gas was $.10? Now it's $.20 or more between grades. Jim

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Ed Wright · 01-16-2014, 08:26 PM

Regular has been $2.86 to $2.99 for some time. Diesel varies from $3.55 to $3.75. Always goes up a dime overnight, back down a penny or two at a time. Never comes down nearly as fast as it goes up.

FINESPLINE · 01-16-2014, 09:09 PM

Quote:

Originally Posted by Ed Wright

That is most of it right there. Traders.

That is the problem. Oil as a commodity being traded by people on paper. There should be a law that for you to trade oil you would have to be able to delivery of the product.

Ed Wright · 01-16-2014, 09:38 PM

Quote:

Originally Posted by FINESPLINE

That is the problem. Oil as a commodity being traded by people on paper. There should be a law that for you to trade oil you would have to be able to delivery of the product.

I absolutely agree. They do not provide a needed service. I did have have a clown try to convince me they did. Nothing he said held water. Should be illegal.

joespanova · 01-16-2014, 09:45 PM

Quote:

Originally Posted by FINESPLINE

That is the problem. Oil as a commodity being traded by people on paper. There should be a law that for you to trade oil you would have to be able to delivery of the product.

As long as there are those that benefit at many levels , most of which "most of us" can only speculate , the concept above , will apparently continue to elude.
There are far too many greedy hands whom have come to realize "big oil " for the cash cow its always been. Way too many greedy hands in a barrel of crude.
I hate every one of those SOB's

01-16-2014, 08:20 PM	#2
Jim Wahl Veteran Member Join Date: Jan 2002 Location: Central Florida Posts: 5,844 Likes: 666 Liked 683 Times in 129 Posts	Re: question about your local gas prices Today here in Central Florida regular is $3.37. Diesel has stayed at $3.89 to $3.99 for the last several months. On the major highways it's sometimes $.10 or more a gallon than in town. Gasoline does seem to go up by $.05 - $.10 overnight often. No more $.01 - $.02 anymore. Up then down, up then down. No reason to be seen. Remember when the difference between the three octane grades of gas was $.10? Now it's $.20 or more between grades. Jim . __________________ Jim Wahl....NHRA #2239 S/SS - IHRA # 8 Stock, D2 Stock Champion (forever I guess) 2019 Baby Gators Stock Champion 2009 NHRA D2 National Open Stock Champion 1982 NHRA D2 West Palm Beach LDRS SS Runner Up Past President, Southern Stock / Super Stock Association. Last edited by Jim Wahl; 01-16-2014 at 08:26 PM.

01-16-2014, 08:26 PM	#3
Ed Wright Veteran Member Join Date: Mar 2005 Location: Sand Springs, OK Posts: 8,132 Likes: 896 Liked 390 Times in 170 Posts	Re: question about your local gas prices Regular has been $2.86 to $2.99 for some time. Diesel varies from $3.55 to $3.75. Always goes up a dime overnight, back down a penny or two at a time. Never comes down nearly as fast as it goes up. __________________ Ed Wright 4156 SS/JA