Price Check in the Gas and Diesel Aisle...

[Hobo Hilton]

The Odds of $100 Oil Are Rising as Supply Shocks Convulse the Market

(Bloomberg) -- When oil jumped above $90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to global supply shocks that are intensifying fears of a commodity-driven inflation resurgence.Most Read from...

ca.finance.yahoo.com

 

[Hobo Hilton]

WTI Crude •	86.59	+0.16	+0.19%
Brent Crude •	90.38	-0.79	-0.87%

 

[babyguppy]

Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24

 

[Hobo Hilton]

Appearing the career politicians think that $85 oil is cheap and the consumers have no reason to complain.
If $85 oil is cheap enough for the consumer it's cheap enough to use to refill the Strategic Oil Storage.

WTI Crude •	85.37	-0.29	-0.34%
Brent Crude •	90.12	-0.33	-0.36%

 

[TACC]

$3.29 regular at south Florida Costco

 

[n2ishun]

I just walked out and looked since I can see one of those 100 foot tall lit up gas price signs about 1/2 mile away.
$2.85 reg unl as of 2 minutes ago
$3.44 De-smell.....I mean diesel

 

[BG94591]

87= $5.30
Diesel= $5.15

 

[babyguppy]

87= $5.30
Diesel= $5.15

that CA?

 

[John Glidewell]

It was $5.10 for premium in Reno last week

 

[mosin46]

central fl $3.45 @ 11am,$3.79 @ 2pm

 

[BG94591]

that CA?

Sadly

 

[Hobo Hilton]

WTI Crude •	86.10	+0.69	+0.81%
Brent Crude •	90.78	+0.68	+0.75%

 

[babyguppy]

Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24

 

[Hobo Hilton]

Interesting / Disturbing / Political / Unexplainable... ?

Oil prices settle at three-week low with U.S. supplies up a fourth week in a row

Oil futures declined on Wednesday for a third straight session, with prices falling to their lowest in three weeks.
Analysts attributed the weakness to a fourth straight weekly climb in U.S. crude inventories, as well as concerns about the outlook for China’s energy demand in the wake of recent economic data.

 

[Hobo Hilton]

Not appearing that the lower price of oil is being passed down to the consumer at the gas pump.
Inflation cost of the middle men are being passed along to the consumer.

WTI Crude •	82.94	+0.13	+0.16%
Brent Crude •	88.16	+0.14	+0.16%

 

[babyguppy]

Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24
4.39 - 4/25/24

 

[Californio]

Arizona Mountains, diesel $3.95 and for the first time in years, regular gas is more $4.39, yesterday.

 

[babyguppy]

Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24
4.39 - 4/25/24
4.19 - 4/28/24 Diesel 4.13

 

[Hobo Hilton]

WTI Crude •	79.13	-2.80	-3.42%
Brent Crude •	83.58	-2.75	-3.19%

 

[n2ishun]

I just walked out and looked since I can see one of those 100 foot tall lit up gas price signs about 1/2 mile away.
$2.85 reg unl as of 2 minutes ago
$3.44 De-smell.....I mean diesel

Still exact same prices here...

 

[Pester]

Still exact same prices here...

$3.59 in Carson City NV. And a little over an hour away in CA......... $5.89

 

[babyguppy]

Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24
4.39 - 4/25/24
4.19 - 4/28/24 Diesel 4.13

Circle K (low Octane) PHX (87 octane)
3.39 - 2/28/24
3.69 - 3/14/24
3.89 - 3/17/24
4.19 - 4/3/24
4.49 - 4/9/24
4.59 - 4/15/24
4.39 - 4/25/24
4.19 - 4/28/24 Diesel 4.13
4.15 - 5/11/24 Diesel 4.05

 

[Californio]

WeKoPa Casino, Highway 87, AZ
Regular 3.93
Diesel 3.72

 

[Lawless]

The Sheetz and the Circle K close to me both have diesel for $3.37 which is cheaper than their price for Regular. This hasn’t been the case for a loooonnnngggggg time.

 

[Hobo Hilton]

The Sheetz and the Circle K close to me both have diesel for $3.37 which is cheaper than their price for Regular. This hasn’t been the case for a loooonnnngggggg time.

Renewable diesel glut hits US refiner profits, threatens nascent industry​

NEW YORK, May 13 (Reuters) - A rush by U.S. fuel makers to recalibrate their plants to produce renewable diesel has created a supply glut for low-emissions biofuels, hammering profit margins for refiners and threatening to impede a young industry.
Turmoil in the biomass-based diesel sector, an umbrella term for renewable diesel and biodiesel, could become a roadblock to future investments in biofuels, the U.S. Energy Information Administration (EIA) said this year. That could potentially stall the transition away from traditional fossil fuels.

Some producers of these biofuels have already shuttered plants this year, and industry participants say more are set to go out of business before the year's end.

https://www.reuters.com/markets/commodities/renewable-diesel-glut-hits-us-refiner-profits-threatens-nascent-industry-2024-05-13/

 

[Lawless]

Yeah I filled my extra diesel storage capacity cause rebounds are a thing