View Full Version : Russia v Saudi
Thank you Russia!
Gas $1.49 at Sam's Club. 470 & Quebec
Vs. USA.
Your neighbor just lost his job.
-John
I haven't seen anything under $2.25.
Your local petroleum engineer would love to give you a car wash, while you decide which gas station to go to.
Tip him/her well.
-John
https://www.gasbuddy.com/
Costco Park Meadows - $1.45....and it's Top Tier Gas.
hollohas
03-23-2020, 22:12
I've seen gas under $2.00 pretty much everywhere. Why hasn't diesel come down yet? It's the same it has been for months.
I haven't seen anything under $2.25.
Sam's on Grant is currently $1.45
One of my best friends works on a rig. I have a feeling it wont be for long. His company has stated they keep drilling at $32. I would wager that after the current hole is done, they stack the rig.
I've seen gas under $2.00 pretty much everywhere. Why hasn't diesel come down yet? It's the same it has been for months.
Trucks are probably running overtime with resupplying stores. Commuting is way down, so maybe less demand on gas?
Sam's on Grant is currently $1.45
One of my best friends works on a rig. I have a feeling it wont be for long. His company has stated they keep drilling at $32. I would wager that after the current hole is done, they stack the rig.
Yeah, I'm bummed about this for reasons. Wonder how long it will last.
https://www.gasbuddy.com/
Costco Park Meadows - $1.45....and it's Top Tier Gas.
All gas in the denver metro comes from suncor or Sinclair.
Which is top tier?
beast556
03-23-2020, 22:39
1.40$ at timnath costco this morning.
All gas in the denver metro comes from suncor or Sinclair.
Which is top tier?
https://toptiergas.com/
Consumer are savings lots and lots of money relative to jobs lost. Sucks for people in that industry, but gas price is somewhat also proportional to inflation.
Saudis most likely have lower fixed cost on infrastructure than Russia, and other opec. Different era than back in the 70s where opec tries to cut production to raise price to make more $.
Oil price will bounce back. Also great way to go long on crude LATER ON.
https://toptiergas.com/
So just marketing hype.
Bailey Guns
03-24-2020, 04:36
OKC gas is hovering just over a dollar. Diesel is down to about $1.70, too. But who's really driving anywhere?
I took one of my dogs to the vet yesterday. Looked like a normal day in town here. People must not be getting the word about trying to stay home here. Or they don't care. Not sure which.
Vs. USA.
Your neighbor just lost his job.
-John
I think the Sauds and Russkis resent American production.
Did this price war start prior to the acceleration of the virus or concurrent?
Great-Kazoo
03-24-2020, 07:31
I think the Sauds and Russkis resent American production.
Did this price war start prior to the acceleration of the virus or concurrent?
prior to the public going crazy.
prior to the public going crazy.
So the oil price war is a coincidence. Thank you.
I'm going to save my cheers for cheap gas until I find a job after getting laid off on Friday due to the oil market getting cratered.
One of my best friends works on a rig.
I grew up in OK, and worked on a rig in the late 70's. Brutal, nasty job.
So just marketing hype.
Not at all. I had rough idle and other issues with Sam's gas. Never had that problem again once I went to being specific about Top Tier vendors. Their detergent packages work. My usual stops are Costco and Sinclair.
So the oil price war is a coincidence. Thank you.
I think I posted up a news link where this Saudi/Russian cooperation broke down in another thread. Maybe Coronavirus thread?
...so many threads...[grab]
I took one of my dogs to the vet yesterday. Looked like a normal day in town here.
Traffic here in the 'springs reminds me of what this town was like back in the 80s and 90s.
...the roads are just wider now.
O2
I took one of my dogs to the vet yesterday.
Read a post on a WA gun forum that their vet was having the owners and pets wait in their cars until called for their turn with the vet. Keeps people from mingling in the waiting room. Not a bad idea.
I hate waiting at the vet. Everyone lets their dog run around the waiting room. "Hey, think you could keep your German Shepard's head out of my cat carrier?" "Oh he's fine." "Looks like he's about to need surgery to me."
Delfuego
03-24-2020, 12:24
I filled up for 2.69 here, this place is dumb. Slightly better than the +$3.00 we usually have. Lots of dumb people still out and about.
I don't know. Seems like going for a drive is still physical distancing and gets you out of the house for a bit.
ANADRILL
03-24-2020, 15:18
Out of work directional planner here. It sucks I have been out of work since late November. I have been through a lot of ups and downs, but this is the worst I have seen the oil patch.
Bailey Guns
03-24-2020, 16:16
Energy business is really taking a hit here in OK.
Bailey Guns
03-24-2020, 16:17
Read a post on a WA gun forum that their vet was having the owners and pets wait in their cars until called for their turn with the vet. Keeps people from mingling in the waiting room. Not a bad idea.
The vet I used in Clarkston (WA) was always very busy. Since I left before this became a big deal, I'm not sure how they're handling things. Not unusual to see 10 or more people with their dogs in the waiting room...the fairly small waiting room. They did have a separate waiting room for cats.
$1.54 per gallon in Baltimore...and I didn't hear a single gunshot while filling the tank. Hearing protection is the key. Ears and eyes for safety!
Got some of that $1.45 Costco gas today. Amigo is capable of 19mpg when I don't drive like I usually do, that's nice.
hollohas
03-24-2020, 21:21
Got some of that $1.45 Costco gas today. Amigo is capable of 19mpg when I don't drive like I usually do, that's nice.How many miles on that good ol Amigo now?
The vet I used in Clarkston (WA) was always very busy. Since I left before this became a big deal, I'm not sure how they're handling things. Not unusual to see 10 or more people with their dogs in the waiting room...the fairly small waiting room. They did have a separate waiting room for cats.
Well, cat people are special.
Bailey Guns
03-25-2020, 05:05
I had to wait in the cat room once with one of my dogs. Made us feel all funny... But not funny "queer" or funny "ha ha".
Great-Kazoo
03-25-2020, 07:56
Well, cat people are special.
Bunch o pussies
Well, cat people are special.
https://external-content.duckduckgo.com/iu/?u=http%3A%2F%2F2.bp.blogspot.com%2F-KPyHyUU6ILc%2FUKFAZljhw-I%2FAAAAAAAAAm4%2FwMbwXpH2uMA%2Fs1600%2Fcat-people.jpg&f=1&nofb=1
I disagree about 70-80% of the time with Cramer, but this one I agree.
Why? The statement is so ovious...
https://www.cnbc.com/amp/2020/03/27/cramer-sees-oil-plummeting-below-20-per-barrel.html
Cramer sees oil plummeting below $20 per barrel on dual coronavirus-price war crises
PUBLISHED FRI, MAR 27 2020 11:22 AM EDT
Kevin Stankiewicz
@KEVIN_STANK
SHARE
KEY POINTS
CNBC's Jim Cramer said he does not think the price of oil is done falling as it faces demand and supply shocks.
"I think oil takes out $20," Cramer said on "Squawk on the Street."
With U.S. oil trading around $21.50 per barrel early Friday, prices would have to fall more than 7% to go below $20.
JohnnyDrama
03-27-2020, 17:35
I had to wait in the cat room once with one of my dogs. Made us feel all funny... But not funny "queer" or funny "ha ha".
Herding cats?
I disagree about 70-80% of the time with Cramer, but this one I agree.
Why? The statement is so ovious...
https://www.cnbc.com/amp/2020/03/27/cramer-sees-oil-plummeting-below-20-per-barrel.html
If demand is falling, and supply is rising, the price will go down.
Demand is down, due to Coronavirus restrictions
Supply is up due to Russia, Saudi (OPEC) price war
Basic economics, and terrible for the economy worldwide.
-John
Think I'll buy a few gas cans and get some ethanol free for the bike and lawn mower while it's down.
Aloha_Shooter
03-28-2020, 10:28
Well, cat people are special.
I can agree with that ...
https://www.youtube.com/watch?v=Sv7XHI-3BGA
80654
Nastassja sKinski. I remember the '80s. [Coffee]
Great-Kazoo
03-28-2020, 13:58
I can agree with that ...
https://www.youtube.com/watch?v=Sv7XHI-3BGA
80654
Like putting out fire with
GASOLINE !
Drilldov2.0
03-30-2020, 15:16
If demand is falling, and supply is rising, the price will go down.
Demand is down, due to Coronavirus restrictions
Supply is up due to Russia, Saudi (OPEC) price war
Basic economics, and terrible for the economy worldwide.
-John
Yes. I got laid off after 21 years in the patch. No one is hiring. Thinking of a job with RTD/Lightrail. I was in Culinary School at Johnson and Wales, but it is a crappy time to be a Chef as well. Not much of an office type guy. But right now, I'll push a broom with a smile knowing I have an income.
I am extremely interested in oil. I do have a very very small short (ETF/ETN) position in oil right now ( one that I forgot to sell on accident).
It will bounce back for sure. [I dont have any metrics but] My guess of demand getting back to normal would be about early June, and supply would be back to normal about august assuming same level of outputs.
It will be interesting labor day week for oil investors.
Bailey Guns
04-09-2020, 13:39
$.89 gas, $1.69 diesel. Damn. How low will it go? Can gas get much cheaper than that?
$.89 gas, $1.69 diesel. Damn. How low will it go? Can gas get much cheaper than that?
If they stopped taxing it that would probably be something like .25c / gallon fuel
Bailey Guns
04-10-2020, 04:34
Close. OK fuel state and fed taxes gas/diesel = .38/.44 gallon
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