💬 What's gasoline going for near ya?

[alabama mike]

$1.59 a gallon in southern Ohio.

 

[planomateo]

WTI crude is trading at $5...at the start of the year it was $60.

 

[rocknthefreeworld]

WTI crude is trading at $5...at the start of the year it was $60.

Crude is now negative in one measure. You actually have to pay someone to take your crude oil. That will shut down a lot of pumping and prices will skyrocket at some point.

 

[planomateo]

-$13.98 now....wow

 

[#80]

-$13.98 now....wow

Supply tankers are sitting off shore with no place to put it. We will see how low gas will go.

 

[RollllTide!]

Crude is now negative in one measure. You actually have to pay someone to take your crude oil. That will shut down a lot of pumping and prices will skyrocket at some point.

what kind of oil is that. It ended today at $21.22

 

[#80]

Those crazy negative numbers are jacked up futures numbers.

 

[It Takes Eleven]

Those crazy negative numbers are jacked up futures numbers.

Storage is at a premium right now.

 

[It Takes Eleven]

Most places I've seen it's been 1.40's to 1.50's. The Sam's club in Oxford has consistently been in the upper 1.60's, which is an insult if you pay an annual fee for them to stick it to you. Many of the places are keeping their prices up to offset loss of volume, but there's a little place a few miles from me on Logan Martin Dam Road that has been selling it for 1.29 a gallon for weeks - The Dam Store.

RTR,

Tim

 

[252BAMA]

Crude is now negative in one measure. You actually have to pay someone to take your crude oil. That will shut down a lot of pumping and prices will skyrocket at some point.

Don't believe the drillers would stay shut down long enough for that to happen. As soon as there was an empty tanker with a storage area to go to, they would start drilling again.

 

[rocknthefreeworld]

Don't believe the drillers would stay shut down long enough for that to happen. As soon as there was an empty tanker with a storage area to go to, they would start drilling again.

Russia and the Saudis are fighting a price war to see who blinks while this is going on. They both are trying to shut down as much production elsewhere so they can consolidate power. So far it is working. If they can force wells to shut down in other places, they increase the odds they won't ever open due to the cost of reopening them.

 

[No Huddle]

1.12 here in Buford, GA at wally world