Fuel Warning

Fill up your tanks!! Over the past two days it has gone up 7 cents per gallon and right now currently its up 12 cents per gallon.

The street prices you see today wont be here in another day or two.

Just passin the word!

Next time, please let us know the day before it goes up...

TBONE21 wrote:

Fill up your tanks!! Over the past two days it has gone up 7 cents per gallon and right now currently its up 12 cents per gallon.

The street prices you see today wont be here in another day or two.

Just passin the word!

Sometimes I really don't like you!!! Thanks

Thanks for the warning T-bone.....adding some goodies to the CANNED-HAM huh...

Haha no it's not me. It's wall street.

TBONE21 wrote:

Fill up your tanks!! Over the past two days it has gone up 7 cents per gallon and right now currently its up 12 cents per gallon.

The street prices you see today wont be here in another day or two.

Just passin the word!

Hey T-Bone. Just curious - are you looking at your local retail pump price or the wholesale price? The wholesale price of regular went up by about 14 cents today alone (in the cash market, the nearby futures contract rose by 11.6 cents today), and as of today's close was almost 38 cents higher than its recent low (on June 24). If the wholesale price stays here, retail (pump) prices will almost certainly rise more.

Looking at gulf pipe spot. I do platts contracts and branded contracts. I think wv is on group 3 but either way it's going up bad.

Thanks for the info. The effect from the release from the strategic reserve sure didn't last long.

It hasn't kicked it yet. Main driver is traders are saying economy is getting way better and Goldman sachs wants it higher because they need fuel higher. Supply is great!

Yeah - the economy has, for the last couple of months, been in what is being termed a "soft patch", which in my view was primarily caused by the rise in gasoline prices earlier this year and supply-chain disruptions from the Japanese earthquake. Last week the economic data started looking better (as supply-chain disruptions get worked through and because gasoline prices came down). Today the ADP employment report showed job growth of 157,000 in June when the market was looking for +70,000. Tomorrow we get the real McCoy - the actual official monthly employment report from the Bureau of Labor Statistics. If that report is strong my guess is gasoline prices (wholesale and futures market) will hold their recent gains or even move higher. If tomorrow's employment report is weak, crude oil and gasoline prices will probably give up some of their recent gains.

It's like a Catch 22. Higher gas prices wreck the economy. Bad economic numbers then bring gas prices down. Lower gas prices help the economy improve. Then, when the economy improves, gas prices go back up again.

Yea if tomorrow is good news the traders are going to head back for 4 and over.
I've bought every contract I can get today. If it goes up tomorrow I will be back at it.

I'm by no means an expert here but I don't see where the economy is anything but terrible. Unemployment at it's best this year was 8.8 in March to 9.1 in May, housing market is terrible, people are losing thier homes left and right guys. So please explain to the dummy here why the speculators on Wall Street want higher fuel prices.

Let me have a stab and see if i'm close... It's because they know we have to have it to keep our jobs, homes, food and everything we value. Therefore after they rip our insides outta of our rear end, they get rich!!!

Is it anything like that????

our gas went from 3.44 yesterday to 3.69 now are you saying going up more. our unemployement is at 12.3 in our county and each neighboring county

hey T-Bone r u trying to keep up with Bobby D and get a truck to

Thanks for the heads up T-Bone.

its all a rip off the rich getting richer and the poor getting poorer if the American people would stand up things would change but they can't get off there dead asses

big g wrote:

hey T-Bone r u trying to keep up with Bobby D and get a truck to

Wait a minute...come to think of it....T-bone just bought a new truck....really nice truck....a high dollar truck......................yep.........time for us to pitch in and pay for T-bones new truck..............your welcome T-bone.....ENJOY!!!!

darn first a canned ham and now a new truck i guess a new house is next 4.50 a gallon coming up T-Bone is buying up the contracts

thanks for the info......I'll pray for you all.....I have been pissing in my tank for about a year now.....and it's been working out pretty good.....it sure does relieve my stress.....

rayray wrote:

big g wrote:

hey T-Bone r u trying to keep up with Bobby D and get a truck to

Wait a minute...come to think of it....T-bone just bought a new truck....really nice truck....a high dollar truck......................yep.........time for us to pitch in and pay for T-bones new truck..............your welcome T-bone.....ENJOY!!!!

I hear ya!

Thanks for the info. T-Bone

mason thomas wrote:

its all a rip off the rich getting richer and the poor getting poorer if the American people would stand up things would change but they can't get off there dead asses

I hear ya Mason ! You just keep on telling it like it is !

Thunter wrote:

I'm by no means an expert here but I don't see where the economy is anything but terrible. Unemployment at it's best this year was 8.8 in March to 9.1 in May, housing market is terrible, people are losing thier homes left and right guys. So please explain to the dummy here why the speculators on Wall Street want higher fuel prices.

Let me have a stab and see if i'm close... It's because they know we have to have it to keep our jobs, homes, food and everything we value. Therefore after they rip our insides outta of our rear end, they get rich!!!

Is it anything like that????

I think you are exactly right. Our government wants to take total control of our lives, spread the wealth, etc. Why don't they do something with these oil companys? Oops, I forgot. They are all a bunch of hippie tree huggers that don't want us to be able to afford gas.

I could say alot more, but I won't on here.