Beardgoat
Beardgoat
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December 26th, 2014 at 1:58:24 PM permalink
1.97 here in arizona,
mickeycrimm
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December 26th, 2014 at 2:03:54 PM permalink
It's still dropping here in Montana. Its dropped from $2.74 down to $2.25 in the last 13 days.
"Quit trying your luck and start trying your skill." Mickey Crimm
EvenBob
EvenBob
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December 26th, 2014 at 3:09:02 PM permalink
$1.81 about 10 miles from my house in MI. The airlines
aren't even reaping the benefits of this yet, they
buy fuel 3-6 months in advance on contracts.
Next summer they'll be buying for what we're paying
now.
"It's not called gambling if the math is on your side."
EvenBob
EvenBob
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January 3rd, 2015 at 1:07:17 PM permalink
$1.64 10 miles from here in Lowell, MI. Can it
get below $1.50?
"It's not called gambling if the math is on your side."
coilman
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mickeycrimm
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January 3rd, 2015 at 1:27:07 PM permalink
Great site. Thanks, coilman. I'm now seeing where some states, Virginia, Maryland, Pennsylvania are now considering raising the gas tax. Greedy politicians.
"Quit trying your luck and start trying your skill." Mickey Crimm
kewlj
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January 3rd, 2015 at 1:33:40 PM permalink
The price of gas where I live? A couple of chili dogs. :)
onenickelmiracle
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January 3rd, 2015 at 1:53:59 PM permalink
Quote: mickeycrimm

Great site. Thanks, coilman. I'm now seeing where some states, Virginia, Maryland, Pennsylvania are now considering raising the gas tax. Greedy politicians.

I think it's actually a good time because I would rather have roads taken care of than speculators. Final pump prices have a limit for acceptance and better for roads done first than extra profits not benefiting society. 1989 was the last time the federal tax was changed IIRC.
I am a robot.
DRich
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January 3rd, 2015 at 4:16:22 PM permalink
I just paid $2.07 in Vegas. Hopefully we will break that $2 mark this week.
At my age, a "Life In Prison" sentence is not much of a deterrent.
ten2win
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January 3rd, 2015 at 5:08:29 PM permalink
$1.79.9 @ Sam's Club in Albuquerque for 86 Octane Regular.

That includes my 5 cent Member Discount.
I don't know everything but I know a lot.
EvenBob
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January 3rd, 2015 at 11:22:45 PM permalink
Quote: kewlj

The price of gas where I live? A couple of chili dogs. :)



How do you pay those at the pump, do they
have a special door to slide them in to?
"It's not called gambling if the math is on your side."
AxelWolf
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January 3rd, 2015 at 11:45:20 PM permalink
Is there anyway to lock yourself in a a certain price on gas? Pre pay in bulk maybe. Anyway to profit if you believe gas prices will go up? futures or hedging?
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
EvenBob
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January 3rd, 2015 at 11:52:32 PM permalink
Quote: AxelWolf

Is there anyway to lock yourself in a a certain price on gas? Pre pay in bulk maybe.



Yup, buy an airline. The airlines do that, they are
paying last summers prices. In the spring they
will be paying the cheap prices we're paying
now, no matter what the cost is then. Can
your Pinto compete with that?
"It's not called gambling if the math is on your side."
teddys
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January 4th, 2015 at 3:47:03 AM permalink
Quote: AxelWolf

Is there anyway to lock yourself in a a certain price on gas? Pre pay in bulk maybe. Anyway to profit if you believe gas prices will go up? futures or hedging?

Buy CL or RBOB futures.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
AxelWolf
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January 4th, 2015 at 3:50:26 AM permalink
Quote: teddys

Buy CL or RBOB futures.

Explain more please.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
teddys
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January 4th, 2015 at 3:58:40 AM permalink
Quote: AxelWolf

Explain more please.

CL is crude oil and RBOB is refined gasoline. They are traded on the NYMEX exchange as futures for delivery in X months ahead. You can buy contracts in the future which is an obligation to deliver the commodity at the agreed upon price. But nobody ever delivers, they just cash out their contracts. If you buy a contract of CL at $55 six months into the future (not sure what it is at now), and the spot price rises to whatever, you will be able to profit on the difference in price between your contract price and the spot price.

There are also funds that track the commodity indexes which are easier to buy and sell than the actual contracts (you'd need to talk to a commodities broker for that).
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
odiousgambit
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January 4th, 2015 at 4:30:50 AM permalink
Quote: teddys

There are also funds that track the commodity indexes which are easier to buy and sell than the actual contracts (you'd need to talk to a commodities broker for that).



Just set up a brokerage account, no need to talk to anyone. For example, go to the T Rowe Price site and follow the prompts to set up a brokerage account. Then google up your funds; to play it safe, check that fund out with Morningstar.com. This is how I lost my shirt with the PowerShares DB Oil Fund (ETF) [*grin* - it was not a lot of money]

I'm sure I googled something like this:

https://www.google.com/?gws_rd=ssl#q=oil+etf

I don't recommend commodity trading and only did it myself for a lark with some money I could afford to lose; it's the same old advice gamblers get. Prudent investing is diversified investing, and this IMO is what you should do with the bulk of your funds. For the record, the above method can be very low cost investing, no problem with that, it's just commodity trading that can get you snakebit. blah blah blah (sorry)
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
AxelWolf
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January 4th, 2015 at 5:51:25 AM permalink
Quote: teddys

CL is crude oil and RBOB is refined gasoline. They are traded on the NYMEX exchange as futures for delivery in X months ahead. You can buy contracts in the future which is an obligation to deliver the commodity at the agreed upon price. But nobody ever delivers, they just cash out their contracts. If you buy a contract of CL at $55 six months into the future (not sure what it is at now), and the spot price rises to whatever, you will be able to profit on the difference in price between your contract price and the spot price.

There are also funds that track the commodity indexes which are easier to buy and sell than the actual contracts (you'd need to talk to a commodities broker for that).

Thanks sounds interesting.

How long do you have to or get to keep them? or can you decide that? Do you have to buy back the contracts at a certain price?

My sister and her husband own a small trucking company 3 or 4 trucks. I'm wondering if there's an opportunity there somehow.


Im not trying to make a investment necessarily, I'm just betting gas prices will go up again (I assume most people believe they will also it seems very likely at some point) I would like to try to profit from it.

I used to invest in stocks and did ok, but slowly I stopped because the bubble bursting and I moved on, I just never got back into it(probably a good thing). But I really enjoyed it, I would get up early when the market opened, just to watch it. I enjoyed talking about stocks with friends.

before I bought anything, I was sick of watching AOL go up every day. So I got an E-Trade acct and started with $4000, I put most of it in AOL. I tripled my money and locked it up. I started buying and selling small amounts of tech and dot.com. I was up 30k at one time, but only ended up +15k. obviously just luck anyone could have randomly picked a .com or technology stock and it went up.

I THINK I can usually can tell when particular products will do well by my personal interest in a product, I know that doesn't necessarily mean the company will.

I can't say I know enough about stocks to make money or that I know what I'm doing. Its just fun, I had a fair 2014 and I'm interested in starting again. I can call it entertainment gambling. Any advice is appreciated.

NanoTech here I come. Perhaps Zcore wants to go in with me.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
Dieter
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Dieter
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January 4th, 2015 at 6:07:47 AM permalink
Quote: AxelWolf

My sister and her husband own a small trucking company 3 or 4 trucks. I'm wondering if there's an opportunity there somehow.



An acquaintance of mine owns a small trucking company, but somewhat larger than 3-4 trucks.

At the 3-4 truck scale, there's potential... but it requires some infrastructure.

I know my acquaintance has a tanker trailer of diesel dropped every 2-3 days. (Their yard has an underground fuel tank, fuel pumps, the whole lot.)

With just a handful of trucks, you might be able to buy when the prices are low. A 7500 gallon tanker load will probably be 50 fill ups on a typical semi. It might be possible to buy the fuel separate from the road tax as well.

Of course, if you're doing long haul stuff (rather than day runs), you have to refuel away from the yard, which cuts into your cost savings.

I haven't seen diesel prices fall the same way I've seen gasoline prices fall.

As far as doing this on a personal scale, you could buy an above ground tank and stand (typically around 300 gallons), figure out how much trouble you're going to get in for having it on your property, figure out how to get deliveries of fuel to it, and then buy when it's cheap (or, not buy a whole tankful when it's expensive - just fill your vehicle tanks).
May the cards fall in your favor.
AxelWolf
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January 4th, 2015 at 6:52:33 AM permalink
Quote: Dieter

An acquaintance of mine owns a small trucking company, but somewhat larger than 3-4 trucks.

At the 3-4 truck scale, there's potential... but it requires some infrastructure.

I know my acquaintance has a tanker trailer of diesel dropped every 2-3 days. (Their yard has an underground fuel tank, fuel pumps, the whole lot.)

With just a handful of trucks, you might be able to buy when the prices are low. A 7500 gallon tanker load will probably be 50 fill ups on a typical semi. It might be possible to buy the fuel separate from the road tax as well.

Of course, if you're doing long haul stuff (rather than day runs), you have to refuel away from the yard, which cuts into your cost savings.

I haven't seen diesel prices fall the same way I've seen gasoline prices fall.

As far as doing this on a personal scale, you could buy an above ground tank and stand (typically around 300 gallons), figure out how much trouble you're going to get in for having it on your property, figure out how to get deliveries of fuel to it, and then buy when it's cheap (or, not buy a whole tankful when it's expensive - just fill your vehicle tanks).


I thought about An above ground tank, it's Probably not feasible in Vegas, I assume there's laws against it without a permit.

I have a father who lives in washington hes a retired mechanic. He owns land in the country near Lucky Eagle casino.

I asked him about A big tank. I thought He said something about water might accumulated unless you had an expensive set up. He also said it would be a target for kids to steal the gas at night, especially if there was a some kind of emergency.

If someone knocks on his door at 2 AM, he brings a gun to answer it, I've seen him do it. Interesting enough, a few years back, it was a teen who knocked on the door, he happen to run out of gas in front of my dads driveway gate(400 feet from the house). My dad gave me the gun and said go get the gas can follow and help him because he didn't want the guy hanging around sitting in his car.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
Dieter
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Dieter
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January 4th, 2015 at 7:11:33 AM permalink
Quote: AxelWolf

I asked him about A big tank. I thought He said something about water might accumulated unless you had an expensive set up. He also said it would be a target for kids to steal the gas at night, especially if there was a some kind of emergency.



Oh definitely. If you have liquid fuel, it's a target for theft.

If I was going with an above-ground tank, I'd want a roof over (to keep water out of the spill containment pit), possibly some walls around it (cinder block), again to keep the weather out of the containment, and a reasonably secure way of locking up the dispenser.

It's a bit of work to keep 20 fillups on hand, just to save a few bucks. Even going cheap on the tank & containment, it's going to be $1500, and you need to have enough space to not have it next to the house.
May the cards fall in your favor.
teddys
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January 4th, 2015 at 9:02:48 AM permalink
Quote: AxelWolf

Thanks sounds interesting.

How long do you have to or get to keep them? or can you decide that? Do you have to buy back the contracts at a certain price?

My sister and her husband own a small trucking company 3 or 4 trucks. I'm wondering if there's an opportunity there somehow.

It might behoove them (or you) to do a little hedging with diesel contracts. Take a position in low priced diesel contracts for a year or two into the future. If the price goes up, you profit from the contracts (essentially locking in these low prices). If the price goes down or stays the same, hey, you're paying less for gas (but you lose out on the contract).
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
coilman
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January 4th, 2015 at 9:39:22 AM permalink
Quote: teddys

It might behoove them (or you) to do a little hedging with diesel contracts. Take a position in low priced diesel contracts for a year or two into the future. If the price goes up, you profit from the contracts (essentially locking in these low prices). If the price goes down or stays the same, hey, you're paying less for gas (but you lose out on the contract).




IF you think the price is going to rebound that means the price of oil has to head up. The higher the price of a barrel of oil goes the busier the service companies that do the fracing do the coil tubing work do the cementing will be. Prices on these companies right now range from 33% to 50% off their highs from last year. Some might even be takeover targets at current prices. Buying stock in these companies the downside right now is low due to the recent huge drop in prices but the upside could easily be double or triple your money

look at these companies graphs for price the last 12 months
Calfrac, Trican Weatheford and oh so many more
ten2win
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January 22nd, 2015 at 10:11:15 AM permalink
$1.59.9 @ Sam's Club in Albuquerque for 86 Octane Regular.

That includes my 5 cent Member Discount.
I don't know everything but I know a lot.
EvenBob
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January 22nd, 2015 at 10:59:47 AM permalink
It was 1.62 here a few weeks ago,
then overnight it jumped to 2.09 and
is back at 1.72 now.
"It's not called gambling if the math is on your side."
AZDuffman
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January 22nd, 2015 at 11:31:02 AM permalink
Quote: EvenBob

It was 1.62 here a few weeks ago,
then overnight it jumped to 2.09 and
is back at 1.72 now.



Still $2.39 in the high-tax state that we are.

Drilling budgets seem to be being affected for next year at this point. Our abstracting business is falling off. I really don't want to have to find a regular job again!
All animals are equal, but some are more equal than others
Baccaratfrom79
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January 22nd, 2015 at 1:14:30 PM permalink
$1.85 reg and diesel #2 fuel $2.69
Bac79=Hazardous Material and Chemical person correcting other's mistakes. Non AP'er, I can't count cards, low intelligence. Sprinkles magical dust on the cards. Has a lucky monkey. Baby also has a green one. Sum it up: "It's okay just blame me, it's all my fault"! ( No one believes me--so I chose to stop posting)
coilman
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January 22nd, 2015 at 1:27:30 PM permalink
Quote: AZDuffman

Still $2.39 in the high-tax state that we are.

Drilling budgets seem to be being affected for next year at this point. Our abstracting business is falling off. I really don't want to have to find a regular job again!



Layoffs have started out in Alberta already on the service side .... one fella I work with got laidoff yesterday....things are SO SLOW right now when January is usually one of the busy months of the year ,,,, with oil companies just starting into the new years budgets
Romes
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January 22nd, 2015 at 1:41:57 PM permalink
$1.67 as of this morning =)... "Midwest"
Playing it correctly means you've already won.
AZDuffman
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January 22nd, 2015 at 2:06:29 PM permalink
Quote: coilman

Layoffs have started out in Alberta already on the service side .... one fella I work with got laidoff yesterday....things are SO SLOW right now when January is usually one of the busy months of the year ,,,, with oil companies just starting into the new years budgets



I am hearing layoffs in several places around the industry. Landman work has a little less variance than the roustabouts and roughnecks in the field. Hopefully they get those export terminals up and running.
All animals are equal, but some are more equal than others
Face
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Face
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January 22nd, 2015 at 2:30:51 PM permalink
$4.69 pon de islands.

$4.39 if you buy 400gal or more.
The opinions of this moderator are for entertainment purposes only.
coilman
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January 22nd, 2015 at 2:42:09 PM permalink
Quote: AZDuffman

I am hearing layoffs in several places around the industry. Landman work has a little less variance than the roustabouts and roughnecks in the field. Hopefully they get those export terminals up and running.




basically half the DRILLING RIGS are working..... I worked after they finish so guess what we are dead slow now too

http://www.riglocator.ca/
HeySlick
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January 22nd, 2015 at 3:46:36 PM permalink
Just got Gas today $2.15 Placer county.
NicksGamingStuff
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January 22nd, 2015 at 10:04:13 PM permalink
I saw gas at 1.98 at the Henderson Costco on Saturday
teddys
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January 26th, 2015 at 5:39:39 PM permalink
Quote: coilman

basically half the DRILLING RIGS are working..... I worked after they finish so guess what we are dead slow now too

http://www.riglocator.ca/

We are down to three rigs. It is SLOW. But at least I still have a job!
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
GWAE
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January 26th, 2015 at 5:48:22 PM permalink
Gotta love PA, we not only already had one of the highest taxes but as of Jan 1 they added a new tax to pay for bridge repairs. I guess being the city of bridges has finally caught up to us. There are a few bridges that are 40 years old that were only supposed to last 30.

On the other hand, about a year ago I said to my wife that I think 2 a gallon is reasonable price. Now that we are pretty close to it I am satisfied and would be ok if they stayed there forever.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
1BB
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May 4th, 2015 at 9:42:49 AM permalink
Yesterday at one of the Shell stations in Stamford, Ct regular was $3.09. Visited Sturbridge, Ma where it was $2.46. We have a high tax here in Ct.
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
teddys
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May 5th, 2015 at 10:00:42 AM permalink
Pump prices are still higher than they should be. The crack spread (difference in price between a barrel of crude and a barrel of refined product) is the highest it's been in a while. Marathon Petroleum (big refiner and gas station owner in the Midwest) showed income of $1.32 billion this quarter over $362 million last year. They are swimming in profits -- the downstream sector's riding high right now.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
1BB
1BB
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July 15th, 2015 at 8:46:37 AM permalink
Are we still doing this? Atlantic City yesterday was $2.41 and they pump it for you. Greenwich CT. was $3.55. Both were for regular.
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
VladsGiants
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July 15th, 2015 at 8:51:06 AM permalink
Filled up yesterday - $2.89 for regular on Long Island.
AZDuffman
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July 15th, 2015 at 10:45:26 AM permalink
Seems to have backed off about .05-.10 a gallon lately, expected as this always happens after the 4th.
All animals are equal, but some are more equal than others
Ibeatyouraces
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July 15th, 2015 at 11:00:09 AM permalink
$2.60 in a couple of locations near me.
DUHHIIIIIIIII HEARD THAT!
TwoFeathersATL
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July 15th, 2015 at 11:51:24 AM permalink
Quote: Ibeatyouraces

$2.60 in a couple of locations near me.


Atlanta report = about the same.
As an interesting side note :
There is/was a local dealer promising $1/gal forever, with stipulations.
That being you had to marry his 40ish sister and get her off his back.
I attempted to do the math. Marry sister, hit the road in the old Camry, carry ten 5 gal cans of gas w/me, 50 gal plus a full tank.
I could go a long way before having to come back for a refill, have a bunch of fun, see some of those joints I haven't seen before.
But I'm married already, and that polygamy thing is going to take another couple years.
And you have to figure in at least one, maybe two, divorce proceedings and they are not cheap, I know.
Isn't an AP play, I've passed on it as an option.
Youuuuuu MIGHT be a 'rascal' if.......(nevermind ;-)...2F
Gabes22
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July 15th, 2015 at 1:14:11 PM permalink
Quote: teddys

Pump prices are still higher than they should be. The crack spread (difference in price between a barrel of crude and a barrel of refined product) is the highest it's been in a while. Marathon Petroleum (big refiner and gas station owner in the Midwest) showed income of $1.32 billion this quarter over $362 million last year. They are swimming in profits -- the downstream sector's riding high right now.


The Feds make 18.4 cents per gallon of every gallon of gas sold in the US. They don't have to get permits to get it, buy equipment to get it, drill for it, refine it and ship it, pay and insure their employees. They just say that this is ours. Now I ask you, who is making more money off of oil? The oil companies or the government and is there something wrong with that picture?
A flute with no holes is not a flute, a donut with no holes is a danish
beachbumbabs
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July 15th, 2015 at 10:43:01 PM permalink
Quote: Gabes22

The Feds make 18.4 cents per gallon of every gallon of gas sold in the US. They don't have to get permits to get it, buy equipment to get it, drill for it, refine it and ship it, pay and insure their employees. They just say that this is ours. Now I ask you, who is making more money off of oil? The oil companies or the government and is there something wrong with that picture?



The fed tax pays for the US highway and interstate system, including rest areas, bridges, overpasses, fencing, reinforced cliffs, maintenance, new interchanges and expansion. Not a cheap endeavor, and I would call it a bargain. Less than 1 cent per mile for nearly every car on the road today? Best deal a penny can buy these days.
If the House lost every hand, they wouldn't deal the game.
neverquitwhenup
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July 27th, 2015 at 10:08:23 AM permalink
Its 1.77 in London, OH.
tommyngo215
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Joined: Jul 13, 2015
July 27th, 2015 at 10:34:44 AM permalink
$3.59/gallon for 91 I pumped this morning at a Chevron in Summerlin 89117. Yesterday I was in California and it's almost 5 bucks/gallon I had to pump omg it was so painful
Gabes22
Gabes22
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Joined: Jul 19, 2011
July 27th, 2015 at 10:34:55 AM permalink
I visited my gf in the far Southern suburbs of Chicago yesterday. I drove 4 miles to Indiana for gas where it was $2.56, as on the Illinois side it was $2.89
A flute with no holes is not a flute, a donut with no holes is a danish
tommyngo215
tommyngo215
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Joined: Jul 13, 2015
July 27th, 2015 at 10:36:08 AM permalink
Quote: neverquitwhenup

Its 1.77 in London, OH.



I'm so jealous
studmuffn
studmuffn
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Joined: Jan 14, 2015
July 27th, 2015 at 11:41:15 AM permalink
Quote: tommyngo215

$3.59/gallon for 91 I pumped this morning at a Chevron in Summerlin 89117. Yesterday I was in California and it's almost 5 bucks/gallon I had to pump omg it was so painful



I recently saw this article explaining Cali gas prices. Refineries are seizing the cheap oil supply without lowering their output prices, virtually doubling their margin per gallon of gas. Just see midstream stocks like Tesoro and Valero over the past year, +50% earnings per share. I'm not sure how to respond as a consumer in protest.
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