Got topped off yesterday $2.78/gal regular MA/NH Border independent minimart station.

And the rest of the prices listed: $2.86 Plus & $2.96 Super

 sunybuny wrote:Why would anyone stop in Barstow?  Well, I guess if your tank was "on E" then you'd have little choice.  Though, come to think of it, my friends and I may have stopped in a diner in Barstow (or Calico maybe) around 1985 - driving from Vegas to LA.

I keep reflecting on the $4.50 a gallon in Barstow in 2008. And we were driving the Suburban. LOLOLOL.

 Red_Dragon wrote:

“Probably”?  

 Antigone wrote:

Probably going to get worse.

$2.67 this morning.

$2.85 so far. Lowest is $2.55 if you don't mind driving.

$1.749 in Beloit WI.

 miamizsun wrote:
 

$3.16 

 kurtster wrote: 

$1.78 here at costco (i get an additional 4 cents off)

$1.65 Sam's Club Oakwood Village, Ohiya

Drove up it was $1.67 on the board and when I got to the pump, it dropped 2¢ !!

Geez, these instant price changes are amazing considering how long it used to take.  Back in the day on the Ohio Turnpike it would take about 10 minutes of shutting the pumps off, doing the drawers and printing out receipts.  Same thing with shift changes, 3 times a day 24/7/365.  Not to mention having to do all of the signs manually which took time, too.  People in a hurry would get upset because it sucked to be them when they got there.  Now one person can sit in a booth and do it all with a couple of mouse clicks ...

 ScottN wrote:
 

Keep truckin' - safely.

$1.99/gallon

 ScottN wrote: 

 ScottN wrote:
 
So 79¢ a gallon, plus tax. Amazing.

1.29 in northern Iowa around Mason City,  Thursday evening—  at an I-35 truck stop.

 rgio wrote:
 
The Russian strategy is the correct one.  OPEC has never been able stop oil prices from going where they want to go.  OPEC has had at best a moderating, stabilizing influence on the price of oil.

The production cutbacks currently necessary to maintain Brent Crude at US$60/bbl or higher would be absolutely draconian and not feasible to enforce.

Thinking 'long term', the best strategy for OPEC+ is to go with the flow and flood the global market with oil and put as many marginal producers out of business as possible.  By marginal producers, I mean those with high costs of production, e.g., US shale oil, Canadian oil sands and many offshore ventures.  

Bankrupting as many American shale oil producers as possible will make it much easier for OPEC+ to maintain US$70/bbl or higher oil prices once the global economy recovers from the COVID-19 pandemic. 

 rgio wrote:
 
Yes, and gasoline is often a loss leader to get people into the real moneymakers: the C-store. If they have to close the stores, they'll have to pay their bills by charging more for gas. A piece on "Marketplace" this morning talked about stores giving cash discounts which some places do already to save on credit card fees, but now it's so that people will come inside and maybe buy something else too.

 rgio wrote: 
Yeah, there is a lower limit with the addition of taxes.  But last week when oil was @ $22 I saw the NYRBOB price of gas near 45¢.  Its been floating around 50¢ the past week.  I keep the tube on FBN volume off captions on as a default.  I pay most attention to commodities.  Coffee has zoomed up as of late over $1.25 lb.  Meh, its what I do.

 kurtster wrote:
 
There isn't much left to reduce, especially given the taxes.  Gas pricing isn't directly correlated to barrel pricing.  There are over 4 Billion gallons of oil storage globally, and the storage utilization generally runs in the 55%-58% range.   4 weeks ago storage utilization was at 58.4%.  Today it's around 61%.  The reason it's so cheap is that the Saudi's have promised record-high outputs starting this week to mess with Russia.  While they toil, the Iran/Iraq's of the world need any cash possible to keep their economies going.   

Not to be distracted by all of this virus fake news, POTUS got off his Pelosi bashing tweet this morning before calling Vlad on behalf of Jarod's buddy Prince Mo to see if everyone will just take a breath and stop shooting each other in the foot.