Posted on 05/23/2012 10:09:24 AM PDT by WellyP
Live update: Oil at $89.53 a barrel. Dow down 156 http://www.marketwatch.com/investing/index/DJIA Dollar up vs Euro at 1.256. http://www.xe.com/currencycharts/?from=USD&to=CLP Chilean Peso has dropped aprox. 8% relative to the Dollar in the last month while copper has dropped to $3.39 a pound.
Warren Buffett wept.
It dropped to $3.63 yesterday in Coastal Maine.
Not in CA - we are now paying around $4.25 in the bay area. It was down to $3.97 just two weeks ago?
You’d think there was a big election coming up, or something. :-)
Yeah. It’s twice what it was when Obama seized power, and we’re happy it dropped a little.
That specific blends required in California limit the suppliers of the fuel.
Does California have some kind of big summer additive requirement that caused the spike 2 weeks ago? We have been SLOWLY but steadily trending down in VA for a month now. I was paying as high as $3.89 and paid $3.49 this morning.
Cherry Point refinery CDU restart stopped-sources
http://www.reuters.com/article/2012/05/10/refinery-operations-bp-cherrypoint-idUSL1E8GAFXG20120510
May 10, 2012
$3.47 here in Texas yesterday. Shows down $0.06 to $2.86/gal today on the market for July delivery. Add state and Federal taxes + dealer profit to get price at pump in July.
Unleaded regular has dropped from $3.99 to $3.33 here in Central Virginia.
The oil companies in WA all make the CA blend for the all the states. They find it more efficient to simply blend the more expensive CA blend for everyone.
BP plans to be up and running by the end of the month. Part of the problem is that the fire occurred right before the scheduled CONOCO turn around and BP had to wait for the contractors to finish at CONOCO before they could even start at BP. So, there were two refineries down at the same time for a month.
Perhaps the reversal of direction of that OK to TX pipeline?
Perhaps connected to the reversal of direction of that OK to TX pipeline?
$3.25/9 in mid-Missouri earlier this week.
I drove to S. IA to decorate graves. Averaged nearly 27 miles per gallon in new Ford Fusion.
Nope, 100% speculation connected to Europe. When the Euro crashes, the dollar is going to strengthen big time and commodity holders are going to lose their shirts.
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