3.62 Premium at Costco Sterling VA

$3.39 for the cheap stuff here in central Texas.

We don't have to drive that much but try to keep all three vehicles full. Also keep 20-25gal of lawnmower & mixed gas on hand as well just incase.

quote:

Originally posted by sig 226:
3.62 Premium at Costco Sterling VA

$3.69 today at the same Costco

Two weeks ago I filled the tank at $3.34 a gallon. Today it is $3.80

$4.75 for Mobil Regular yesterday.
Thank goodness my car only holds 11 gal.

$3.69 100 miles from the Delaware Basin oil fields of western Texas

I just paid 4.55 for regular unleaded at an independent dealer here in Costa Misery. A couple blocks away a Chevron was getting 5.09 for the same.

Been holding steady at $3.06/gal for the week. 15 miles to the west it’s $3.39/gal. 30 miles to the north to the town where one of the largest southeastern hubs/distribution centers is located and it’ $3.29/gal. This local disparity in pricing is not new - just odd.

$3.49 here in NC yesterday for 87 unleaded.

It was $1.99 on NYE 2020. FJB

Jumped here. Anywhere from 3.49 to 3.69. I knew it would jump once Russia started it.

3.59 at most stations in West Michigan today.

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

Premium gas $11 here.

quote:

Originally posted by tacfoley:
Premium gas $11 here.

Jesus! At that price an EV really makes a lot of sense.

At the local Costco it was $3.44 last week, dropped to $3.42 yesterday.

quote:

Originally posted by tacfoley:
Premium gas $11 here.

Is that usd/gal or gbp/l ?

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.

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.

quote:

Originally posted by sig77:
3.07 at Sams club and 3.29 at the QT.

Update….$3.49

The day OF, or the day AFTER Russia invaded I bought the absolute cheapest gas I could find for $3.17 per gallon - KMOWING that I might very well never find gas that cheap again. But then things usually are just a little cheaper here in Tennessee.