How’s your fuel prices

[Aussie Dan]

Yikes! That’s about $10.07/gal.


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Hopefully it's only a short term thing while trump deals with Iran

 

[Snowwolfe]

Diesel hit $5 a gallon (on average) in Wasilla AK yesterday

 

[IdahoBeav]

I paid $2.66/ litre today to fill my raptor. That hurt

Is that converted to USD?

 

[Aussie Dan]

Is that converted to USD?

Nah AUD. so more like $4/L

 

[ozyclint]

As per previous post, AU$2.80/L for diesel works out to be about US$7.70/gal

 

[Harvey_NW]

I saw $6.55 today for diesel in Central WA..

 

[CorbLand]

Seeing gas prices skyrocket due to a war in the Middle East is the wrong nostalgia I am looking for from my childhood.

3.79 for premium. That’s over a dollar increase in about 2 weeks.

 

[NRA4LIFE]

Saw $5.49 today for regular unleaded. SE King County in WA.

 

[FLHunter87]

$4 basically here. The wholesale clubs are about $3.50. Trump has been saying this war is almost over with( for at least a week or 2 now) but is it really almost over? He’s got another 2-3 weeks for me and then my patience is going the be pretty thin. I understand everything for the most part and paying another $1-$1.50 more per gallon short term isn’t a big deal, If the long term gain is there. He is starting to become a politician and promises aren’t starting to mean much, even though I would imagine this was a last resort seeing what he has done 1st term and ran on. I’m not trying to stir anything but I’m probably not the only one thinking this way. I think gas will continue to go up and traditionally when summer comes along it goes up naturally anyway. Time will tell but I really hope this is going to be over in the next weeks or so. Then the strait opens and then it starts to slowly come down and level out again.

 

[AK Troutbum]

$4 basically here. The wholesale clubs are about $3.50. Trump has been saying this war is almost over with( for at least a week or 2 now) but is it really almost over? He’s got another 2-3 weeks for me and then my patience is going the be pretty thin. I understand everything for the most part and paying another $1-$1.50 more per gallon short term isn’t a big deal, If the long term gain is there. He is starting to become a politician and promises aren’t starting to mean much, even though I would imagine this was a last resort seeing what he has done 1st term and ran on. I’m not trying to stir anything but I’m probably not the only one thinking this way. I think gas will continue to go up and traditionally when summer comes along it goes up naturally anyway. Time will tell but I really hope this is going to be over in the next weeks or so. Then the strait opens and then it starts to slowly come down and level out again.

I hear ya, and I'm not trying to play devils advocate here but, he did say something to the effect of it possibly lasting several weeks. As of today, it's been going on now for 2 1/2 weeks.

 

[HuntHarder]

Just paid $5.29 a gallon for Diesel in Utah and Northern Az. Loving the 3.0 duramax that averaged 24 mpg round trip from Phoenix to Brian head Utah. Average speed had to be 75-85mph.

 

[Customweld]

Broke 5 here in Boise. 5.29 for diesel this afternoon. Up .20 since yesterday morning.

 

[william schmaltz]

$4 basically here. The wholesale clubs are about $3.50. Trump has been saying this war is almost over with( for at least a week or 2 now) but is it really almost over? He’s got another 2-3 weeks for me and then my patience is going the be pretty thin. I understand everything for the most part and paying another $1-$1.50 more per gallon short term isn’t a big deal, If the long term gain is there. He is starting to become a politician and promises aren’t starting to mean much, even though I would imagine this was a last resort seeing what he has done 1st term and ran on. I’m not trying to stir anything but I’m probably not the only one thinking this way. I think gas will continue to go up and traditionally when summer comes along it goes up naturally anyway. Time will tell but I really hope this is going to be over in the next weeks or so. Then the strait opens and then it starts to slowly come down and level out again.

Short of completely blowing Iran off the map or parking half of our Naval fleet in Hormuz for the next decade, Trump won’t be able to stop anything. Israel hit South Pars today, driving oil up near $110 late this afternoon. Iran has said they are not backing down and they have resources to fight for the next decade. Trump doesn’t get to just say “OK we accomplished our goal. It’s over and we’re going home now. Everyone back to the way things were a month ago” Iran is going to be retaliating on energy fields and tankers in Hormuz for years. That’s just IMO, but hard to think otherwise.

Crack spreads are very high right now. That suggests there is massive demand for not just oil, but gas and diesel. Look at what Australians and Canadians have mentioned they’re already paying. US refineries are in the money business, they’ll sell to whatever country writes the biggest checks. How long does it take to bring those inventories back up? How long does it take US wells to be brought back into service after nothing has been fixed/fracked for the last year because of low prices?