Near me, Costco is $5.09 and Sam's is at $4.96

Of the four Costco's near me, the highest price is $5.49

4.09 at the country store a bit over a mile from my house
hit a sheetz this morning for a fill up at 3.94

headed to the Northern Neck and it was 3.87 in mattaponi, and 3.99 in kilmarnock,

$4.19 for 87 regular in Coastal NH. Up .30 from 2 weeks ago.

Up another dime of “temporary” pain.

It’s painfully obvious that the oil companies and gas stations are going to milk the Iran war for as much and as long as they can. It’s gonna be a long time before we see any relief.

Went up another .11 cents from $5.54 to $5.65.

$3.97 at sams yesterday....$50=12 gal.

Gas Buddy is showing gasoline price trending with crude oil prices, but with much less volatility. There has been a lot of speculation in the crude oil market, but less speculation in the gasoline market.


State Taxes figure into it, but states closest to Texas', Louisiana's, and Alabama's excess refining capacity tend to have the lowest prices:

Crude Inventories Have Fallen To "Precariously Low" Levels

U.S. crude inventories fell sharply last week as refineries ramped up production to capitalize on higher fuel prices following renewed conflict with Iran, according to Financial Times.

Commercial crude stockpiles declined by 7.2 million barrels, while the Strategic Petroleum Reserve (SPR) dropped another 3.8 million barrels. Refineries operated at 97% of capacity nationwide, with some Midwest facilities running at full capacity as exports to Asia and Europe increased.

FT writes that the drawdown comes as renewed fighting between the U.S. and Iran continues to disrupt oil shipments through the Strait of Hormuz, forcing the U.S. to help offset reduced Middle Eastern supplies. Analysts warn that America is increasingly carrying the burden of stabilizing global oil markets.



"US crude inventories, both commercial and the SPR, have drawn down by nearly 20 per cent since early April. The US accounts for about 70 per cent of global onshore crude inventory draws over the past four months," said Matt Smith of Kpler.

"It has carried the burden of trying to keep oil prices in check over this period via SPR releases and higher exports, but stockpiles are rapidly depleting and this pace of draws cannot persist ad infinitum."

The SPR has now fallen to 307.7 million barrels, its lowest level in more than 40 years. While still above its estimated operational minimum of 180 million to 200 million barrels, analysts warn that continued depletion leaves the U.S. increasingly exposed to future supply shocks.

Commodity Context founder Rory Johnston described current crude and gasoline inventories as "precariously low."

https://www.zerohedge.com/mark...cariously-low-levels

Chellim,

That is a great chart and it's published weekly by the EIA. They make the same chart for gasoline and here is yesterday's publication (data thru last Friday):


Here is the PADD map for everyone's benefit:


Pro-tip: don't just look at your own PADD district, but instead also look at PADD 3 as this is over 50% of USA's refining capacity and it exports to PADD 1 and PADD 2 to make up for their refinery shortage.

Slightly off topic...

But there is also a shortage developing of Synthetic Motor Oil.

Synthetic motor oil shortage stories are spreading fast, and there is a real supply-chain issue behind the headlines.

The concern centers on Group III base oils — highly refined base stocks used in many modern synthetic motor oils, transmission fluids, and other lubricants. When Group III supply tightens, finished synthetic lubricant prices can rise quickly.

Synthetic oil prices are rising because Group III base oil supply is under pressure from Middle East disruptions.
ILMA reports that three Persian Gulf producers supply roughly 44% of U.S. Group III base oil.

https://nationalsynthetics.com...-motor-oil-shortage/

I'm late into this discussion but I'm going to vent anyway....

I have never been a fan of over-regulation of free enterprise. However, in this case I believe it is time for the government to step in and halt this profiteering that is crushing this country.

For decades we've seen gas prices surge if a hint of a problem surfaces, often well before any current stockpiles will see any impact. I fail to understand how a planned routine shutdown at a refinery for maintenance, or a $10/barrel for crude increase instantly shows up as $0.50/gal increase at the pump. When the refinery is back on line, or crude drops $30/barrel, you will see a slow decrease in cost over weeks, but never instant.

The price of fuel has a massive impact on the cost of everything in this country and is one of the biggest drivers of inflation. I fully support free enterprise and capitalism but when a small group of companies have a strangle hold on the US economy, steps need to be taken.

Thank you for entertaining this rant..... I now return you to the thread, already in progress.

quote:

Originally posted by Rightwire:
I'm late into this discussion but I'm going to vent anyway....

I have never been a fan of over-regulation of free enterprise. However, in this case I believe it is time for the government to step in and halt this profiteering that is crushing this country.

For decades we've seen gas prices surge if a hint of a problem surfaces, often well before any current stockpiles will see any impact. I fail to understand how a planned routine shutdown at a refinery for maintenance, or a $10/barrel for crude increase instantly shows up as $0.50/gal increase at the pump. When the refinery is back on line, or crude drops $30/barrel, you will see a slow decrease in cost over weeks, but never instant.

The price of fuel has a massive impact on the cost of everything in this country and is one of the biggest drivers of inflation. I fully support free enterprise and capitalism but when a small group of companies have a strangle hold on the US economy, steps need to be taken.

Thank you for entertaining this rant..... I now return you to the thread, already in progress.

You said essentially the same thing earlier in the thread, and I took the time to answer for your specific Southeast Michigan context with actual data. However, you never responded. Which parts of my explanation do you have specific questions on?

For about a week now, regular has been $3.62 and diesel at $4.95 on my daily path.



Nerdy observations: When I bought my diesel sedan in 2020, a gallon of diesel cost about 15% more than a gallon of gas. In September of 2023 (when I started this spreadsheet), the "diesel premium" was 25%. That fell to below 10% in the summer of 2024, holding until the beginning of 2025, when it rose to 17%. November 2025 brought the DP to 25%. A week after the strikes in Iran (Feb 2028), the DP rose to 31%, fluctuating since then between 28% and 41%.

Diesel is well above $5/gal again (not that it dropped much below it). Effing ridiculous.

Gas is $3.81 when I drove by this AM, filled up the EV, 40 to 100%, $18, normally do this at home, however they installed these charging stations right by my DQ,

Wondering if I have to add the $6.71 I paid for a Reeces Blizzard making it a $24.71 total to the refueling cost.

If I did it at home it would be about $5, but I wouldn't get the Blizzard... Not sure what the excess calorie count is.....

It’s about $6.80 around here. Sigh.

$4.30 Reg. @ Costco
$4.34 Reg. @ Walmart ($4.24 w/Walmart+)

$3.18 cash Shell

Along I-65 in Ky gas is $3.50-$3.70-ish and diesel is at least $1 more. Most truck stops are well over $5 gallon for diesel fuel, the stuff that moves America. That’s over 50 cents a minute, for just fuel, to haul our bread.