Better Fill up today

[frawin]

Crude oil is trading higher today for the first time in several days. It is at $95.02 up $1.65. If this holds gasoline prices will move up.

[frawin]

Gasoline at our neighborhood station is $2.72 per gallon today.

[frawin]

Crude oil is trading down this morning at $94.70, down $0.44. Our neighborhood pump price is $2.71, if the market holds the pump price will be down tonite.

[frawin]

Crude oil is trading up$1.93 at 106.33 this morning. When I started with Phillips 44 years ago crude was $2.73 a barrel at the lease, when the Embargo hit it went to $39.00 a barrel. I predict that if the Keystone Pipeline is completed  Crude will drop considerably. Our neighborhood pump price for Regular is $ 3.27 a gallon.

[Diane Amberg]

I read some thing recently that between one find and another,such as Permian Basin, we will soon be able to be completely self sufficient for oil. At what price I don't know, but it could get us out of the middle east for good.  Any thoughts?i

[frawin]

Crude oil is trading up$1.93 at 106.33 this morning. When I started with Phillips 44 years ago crude was $2.73 a barrel at the lease, when the Embargo hit it went to $39.00 a barrel. I predict that if the Keystone Pipeline is completed  Crude will drop considerably. Our neighborhood pump price for Regular is $ 3.27 a gallon.

The traders are pushing crude higher because of the increasing violence in Iraq. If the Iraq production is taken out of the market it will create some shortages.

[frawin]

Crude oil continues to trade higher this morning, it has traded as high as $107.68 overnite.  The contract volume is high. Iraq is an important supplier in the crude market and if they are left to fall to the rebels crude will go even higher. Iraq is OPECs no 2 producer.

[Catwoman]

After all of the news today about Iraq, I went out and filled up while it's still 3.39.  Whatcha wanna bet it goes up by at least 10 cents in the next couple of days?  Blah. 

[Catwoman]

This just came out on Facebook from KAKE Ch. 10...

GAS TRACKER: "Spotting prices jumping 16 cents a gallon in parts of Wichita tonight - from $3.39 to $3.55 for regular unleaded."

That sure didn't take long!!!!!  Thank God I filled up earlier this evening before that happened!!!!

[frawin]

Crude oil is trading at $106.66, down $0.60 this morning. Contract volume is still high. Our local pump price is $3.44. The big question is what action we will take in Iraq, and what action Iran will take and what action the Iraqi military will take.