(Washington, February 8, 2016) Domestic crude oil inventories reached their highest level for this time of year in nearly eight decades, and barring any major disruptions in supply, gas prices are likely to remain near their lowest price point since the Great Recession in the near term.
(Washington, February 8, 2016) Domestic crude oil inventories reached their highest level for this time of year in nearly eight decades, and barring any major disruptions in supply, gas prices are likely to remain near their lowest price point since the Great Recession in the near term.
1.38 in Port Huron Michigan as of an hour ago!!!! Even with my Canadian dollar @ .71c and converting ,it paid for toll {7.00} both ways,bought a 30 pack of Rolling Rock {16.99} on sale plus I recycled last case and filled my tank!!! 13.7 u.s. gallons!!! Our gas is .90c a litre as in 4.5Litres to a U.S. gallon. Case of Molson Canadian as of Feb 1...44.00$. Free Medicine my behind!!!!!!
1.38 in Port Huron Michigan as of an hour ago!!!! Even with my Canadian dollar @ .71c and converting ,it paid for toll {7.00} both ways,bought a 30 pack of Rolling Rock {16.99} on sale plus I recycled last case and filled my tank!!! 13.7 u.s. gallons!!! Our gas is .90c a litre as in 4.5Litres to a U.S. gallon. Case of Molson Canadian as of Feb 1...44.00$. Free Medicine my behind!!!!!!
Yeah I see lows of 1.49 or so around Costco and Sams Club locations, but I think even though crude has bounced the movement higher in gas might take longer because there are so high levels of inventories right now. Refiners are dragging their butts because they dont want to lower their margins by cutting prices even though the cost of the raw product went to 27 and in some cases lower for sour crude.
Yeah I see lows of 1.49 or so around Costco and Sams Club locations, but I think even though crude has bounced the movement higher in gas might take longer because there are so high levels of inventories right now. Refiners are dragging their butts because they dont want to lower their margins by cutting prices even though the cost of the raw product went to 27 and in some cases lower for sour crude.
Had a friend once say and a CFO of a major petro-chemical , in a kitchen type setting with the girls out on the patio..... " If they do not make it at the drill they will make it at the pump ". Always remembered that . He had the credentials to know, just sayin. .
Had a friend once say and a CFO of a major petro-chemical , in a kitchen type setting with the girls out on the patio..... " If they do not make it at the drill they will make it at the pump ". Always remembered that . He had the credentials to know, just sayin. .