Serenity now!
| 3.62 Premium at Costco Sterling VA
------------------------------------------------ 9/11/01 Never Forget
"In valor there is hope" - Tacitus
|
| |
Serenity now!
| quote: Originally posted by sig 226: 3.62 Premium at Costco Sterling VA
$3.69 today at the same Costco
------------------------------------------------ 9/11/01 Never Forget
"In valor there is hope" - Tacitus
|
| |
Member
| $3.49 here in NC yesterday for 87 unleaded. It was $1.99 on NYE 2020. FJB
--------------------------------------- It's like my brain's a tree and you're those little cookie elves.
|
| Posts: 3625 | Location: Cary, NC | Registered: February 26, 2013 |
IP
|
|
Member
| Jumped here. Anywhere from 3.49 to 3.69. I knew it would jump once Russia started it. |
| |
Member
| quote: Originally posted by P250UA5: I get gas in both cars at the same station every week & usually even at the same pump.
Looking back a bit, we've gone from (all 87 gasoline): $2.599 in Dec $2.659 in Jan $2.999 at the beginning of Feb $3.059 last week $3.039 yesterday morning
$3.099 today for 87
The Enemy's gate is down. |
| |
half-genius, half-wit
| Premium gas $11 here. |
| |
As Extraordinary as Everyone Else
| quote: Originally posted by tacfoley: Premium gas $11 here.
Jesus! At that price an EV really makes a lot of sense.
------------------ Eddie
Our Founding Fathers were men who understood that the right thing is not necessarily the written thing. -kkina
|
| Posts: 6537 | Location: In transit | Registered: February 19, 2013 |
IP
|
|
Member
| quote: Originally posted by tacfoley: Premium gas $11 here.
Is that usd/gal or gbp/l ?
The Enemy's gate is down. |
| |
Drill Here, Drill Now
| Currently, EPA air attainment areas (plus additional state law required areas) are selling CBOB (normal vapor pressure regular unleaded gasoline that burns easier in the winter) and they'll have to switch to RBOB (reformulated regular unleaded gasoline which has a lower vapor pressure to reduce summer emissions) in the spring to avoid fines (i.e. this drives prices for RBOB always going up in the spring). To make the date for having the right vapor pressure at the pump, refineries have to switch to RBOB production several weeks early and it cascades through everybody in the transporting (e.g. pipelines, ships, barges) and storage business. In other words, the Ukraine invasion is occurring at a really shitty time for gasoline prices. Gasoline is a fungible commodity traded on NYMEX. The quote I look at is RBOB for historical and future prices. Its displayed price is per gallon without transportation costs, storage costs, and taxes. What I see when I look at NYMEX: currently, RBOB is $2.73 which is $0.76 per gallon higher than last year June 2021 RBOB averaged $2.21 and June 2022 futures price closed Friday $0.60 per gallon higher than last year. NYMEX traders are putting a $0.16 premium on RBOB now versus June.
What can a Sigforumite do: use an app or website such as GasBuddy to make educated decision when filling up. Use the brand filters to display the cheapest "Top Tier" gasoline or diesel. It's not worth driving out of your way for a penny a gallon, but I'm currently seeing $0.20 per gallon difference between top tiers in my area and occasionally I see $0.30 per gallon spread. if you really have a strong opinion of gasoline prices being higher or lower than current future prices you can make an investment since it is a commodity traded on NYMEX. Going long means you're betting on it being higher and going short means you're betting on it being lower.
DISCLOSURES: My employer sells gasoline, but I'm currently not in that portion of the business. However, I am prohibited from buying or selling refined product, crude oil, or natural gas futures. I'm not an investment advisor.
Ego is the anesthesia that deadens the pain of stupidity
DISCLAIMER: These are the author's own personal views and do not represent the views of the author's employer. |
| Posts: 23957 | Location: Northern Suburbs of Houston | Registered: November 14, 2005 |
IP
|
|
half-genius, half-wit
| quote: Originally posted by P250UA5: quote: Originally posted by tacfoley: Premium gas $11 here.
Is that usd/gal or gbp/l ?
Sorry, we only have UK gallons here. Make it ten bucks even. |
| |
Good enough is neither good, nor enough
| quote: Originally posted by sig77: 3.07 at Sams club and 3.29 at the QT.
Update….$3.49
There are 3 kinds of people, those that understand numbers and those that don't. |
| Posts: 2044 | Location: Liberty, MO | Registered: November 28, 2004 |
IP
|
|