Gas prices

TollKeeper

Guru
Dec 3, 2011
6,886
Brighton, CO
Still 1.799 Here in Colorado

@Sparky - Where are you?
 

Reprise

Lifetime VIP Donor
Jul 22, 2015
2,544
Ignore my earlier post about the OPEC+ deal - turns out it didn't occur as scheduled (and since it was because one of them pitched a fit, expect the status quo to last a little longer.)
Drive it like you stole it... :wooot:

Stable at $1.84 - $1.94 /gal here in IL. Most expensive is $1.99.

Least expensive in the country is a small town in WI -- .99 / gal.
I'd visit, but it's almost as far north as Green Bay - I'd use more gas going to *get* the gas, than I could fit in the tank, driving there / back.
 

Sparky

Moderator
Dec 4, 2011
12,798

Reprise

Lifetime VIP Donor
Jul 22, 2015
2,544
Well, oil futures are up by 5% in overnight trading; deal was reached for 9.7 million bbl / day cut by everyone in the OPEC+ cartel this weekend (Mexico was the holdout - they didn't want to cut the full 10mm bbl)

Analysts still feel the cut won't be enough to fully end the glut, due to demand collapse, but I wouldn't expect that price of 97.9 USD that @northcreek posted to stay in effect too long. The other shoe will drop when Saudi announces pricing for May delivery later this morning (4/13)

Northcreek - was that local to you in NY? Can't quite make out the plate on that Tundra (but the color rocks...lol)

As for local pricing in IL - dropped a few more cents. Most stations around here $1.7x to 1.8x / gal
 

Mooseman

Master Blaster
Moderator
Dec 4, 2011
22,548
Ottawa, ON
Prices are still fluctuating between 76¢ in the morning down to 70¢ in the evening. It has always done this up and down thing every day around here.

Even if they cut production, where would they put it? We're not burning it as much and it's still being pumped out of the ground. There's gotta be a limit to how much can be stored.
 

northcreek

Guru
Original poster
Jan 15, 2012
2,933
WNY
Northcreek - was that local to you in NY? Can't quite make out the plate on that Tundra (but the color rocks...lol)
Yes,about 15 miles from my WNY home. NY has two plate colors presently as they phase out that white and blue and go back to Taxi cab yellow and blue.Yes that Tundra's blue is nice.
If I wanted to drive to the Salamanca, NY Seneca Reservation it is even lower but, that would be about 50 miles for me .
5e8facb308407.image.jpg
 
Last edited:

Reprise

Lifetime VIP Donor
Jul 22, 2015
2,544
Can't say I'd blame you... I'd drive 15mi ('cos just about everything is 7-10mi away, for me...) but no way would I drive 50. You'd negate whatever 'savings' you gleaned. :Banghead:
 
  • Like
Reactions: northcreek

Reprise

Lifetime VIP Donor
Jul 22, 2015
2,544
Over here in N. IL, prices dropped about 0.20 / gal about a week ago.
1.29 / 1.65-ish / 1.84 for low / mid / max pricing.

But that's not the reason I updated this thread. Rather, I updated it because West Texas Intermediate (WTI), which is what oil futures are priced at, went from $18 and change on Friday... to...get this... -37.63 /bbl at one point today (currently about -35.xx). Meaning... sellers would technically be 'paying' buyers $37 and change to take the product off their hands. Get a barrel of oil and $37 in your hand for taking delivery of it.

That's how big the glut / oversupply has gotten / how low the demand has gotten (Covid being a substantial factor here.)

Normally, when something like this happens with a commodity, it's called 'contango'. And as you can guess, it's not too good for that commodity's outlook. This is so bad, analysts are calling it 'super contango' (before today, oil futures had never, ever gone negative).

TL; DR -- oil prices are going to be lower for a long time to come (barring something like a major war). From a larger economic perspective... Not. Good.
:worried:
 

northcreek

Guru
Original poster
Jan 15, 2012
2,933
WNY
$.88 a gallon today filled the wife's Nox and two 5 gallon jugs for under $20, feels good and scary at the same time...:quiverlips:
Side note: This is reservation gas which is tax free . Tax on gas in NY is about 50 cents per gallon and off res. stations are still getting $2.25 gal. so there seems to be a bit of gouging going on there.
 
Last edited:

Mounce

Guru
Mar 29, 2014
13,666
Tuscaloosa, AL
Over here in N. IL, prices dropped about 0.20 / gal about a week ago.
1.29 / 1.65-ish / 1.84 for low / mid / max pricing.

But that's not the reason I updated this thread. Rather, I updated it because West Texas Intermediate (WTI), which is what oil futures are priced at, went from $18 and change on Friday... to...get this... -37.63 /bbl at one point today (currently about -35.xx). Meaning... sellers would technically be 'paying' buyers $37 and change to take the product off their hands. Get a barrel of oil and $37 in your hand for taking delivery of it.

That's how big the glut / oversupply has gotten / how low the demand has gotten (Covid being a substantial factor here.)

Normally, when something like this happens with a commodity, it's called 'contango'. And as you can guess, it's not too good for that commodity's outlook. This is so bad, analysts are calling it 'super contango' (before today, oil futures had never, ever gone negative).

TL; DR -- oil prices are going to be lower for a long time to come (barring something like a major war). From a larger economic perspective... Not. Good.
:worried:

Came here to mention that. Heard on the news that they were having to pay refineries to take barrels of oil at this point. Wild. I knew the price drop was gonna be from lack of purchased gas but I didn't think it would go so far.
 

Mooseman

Master Blaster
Moderator
Dec 4, 2011
22,548
Ottawa, ON

BrianF

Hobbyist
Jul 24, 2013
993
West central Sask.
We have been hovering around 1.03 a litre this past month. Even with oil prices dropping, we are still at that price. Surprisingly, diesel has been floating around .95 to .99 a llitre. Had worse but still being ripped off.
 

TollKeeper

Guru
Dec 3, 2011
6,886
Brighton, CO
Filled up at 2.069 a gallon last night..
 

Mooseman

Master Blaster
Moderator
Dec 4, 2011
22,548
Ottawa, ON
Just gassed up at Costco.
 

Attachments

  • Screenshot_20200909-165228.png
    Screenshot_20200909-165228.png
    2.1 MB · Views: 8

Mooseman

Master Blaster
Moderator
Dec 4, 2011
22,548
Ottawa, ON
Holy crap! More than double since my last post. Gas is averaging $2.20/L. Diesel is around $2.30L
 
  • Like
Reactions: northcreek

Reprise

Lifetime VIP Donor
Jul 22, 2015
2,544
Prices have been 'feathering down' a bit over here... was as high as $5.98/gal, recently (I guess no one wanted to cross that $6 threshold). They've since come down to roughly $5.50 or so.

Figure that Chicago proper is easily good for .50-.75 on top of that, so they've got to be above $6, on average. At least they have halfway decent bus / rail service, plenty of rideshare, etc. If I still lived there, I think I'd seriously consider going car-free, at this point.

Was able to stack about .45/gal in discounts the other day and filled up the Accord (by 'filled up', I mean it was about at 1/3 tank). As the digital 'reels' on the slot machine... er, pump... spun past $70, I suffered a mini-anxiety attack (thinking that if I'd been on 'E', I'd have passed $100 for sure). And I consistently get >26mpg with that car, even with A/C running.

For sh!ts & giggles, I've been seeing what people want for used Priuses (Priii ?) I've driven one before, so I know what to expect, both from a drivability / ergonomics perspective, as well as MPG. Looked for Chevy Volts, too. Suffice to say, I didn't 'giggle' very much.

I also found someone selling a rust-free '02 Duramax (the early LB7, with the bad injectors, etc.) I looked up what they were rated at, mpg-wise, and he confirmed that he was about 17.5 unloaded, and between 9-13 towing a 26' 5th wheel. The quick math in my head said the delta between that and my 6.0L gasser meant an ROI of roughly two lifetimes, and that's *without* any allowance for parts / maintenance on either truck. Sigh... (as if I needed another project to spend a couple of years on!)

Counting my blessings & licking my wounds... (as are we all)
 

TollKeeper

Guru
Dec 3, 2011
6,886
Brighton, CO
4.79-4.99 here locally.

Filled the Envoy the other day, and has a mini stroke at $124 to fill it
 
  • Wow
Reactions: Redbeard

Blckshdw

Likes lights and stuff
Moderator
Nov 20, 2011
10,255
Tampa Bay Area, FL
I went to fill up the other day, and the pump clicked off at $80. I thought about making a 2nd purchase to fill all the way up, but I was only about 3 gallons short at that point, so said screw it and went on about my day. We've been bouncing between the $4.84 and $4.89 mark for the past week or so.

20220611_103745.jpg
 
  • Sad
  • Angry
Reactions: Matt and northcreek

Mike534x

Hobbyist
Apr 9, 2012
720
NWI has been bouncing around $ 5.11- 5.45 /gal last 4 weeks. Takes about $80 to fill the Envoy up from half a tank, so I've been limiting driving/going out. Miss when $40-50 basically got me close to a full tank when I run it down low enough. Gas was $ 3.24 back in Jan this year. Our governor just raised the tax on gas again after just 1 year (summer last year), so now we're beating Chicago for having the highest tax so far.
 
Last edited:

Mooseman

Master Blaster
Moderator
Dec 4, 2011
22,548
Ottawa, ON
Around Montreal, gas is around CAD$2.20/L and diesel around CAD$2.30~$2.40/L. I gassed up before crossing over from Ontario where it's a little cheaper. There's an aboriginal reservation gas station on the way home and fuel there is MUCH cheaper without a lot of the taxes. If it weren't for the fact my truck is under warranty, I would run dyed diesel. Never seen or heard of getting dipped for personal vehicles.
 

Forum Statistics

Threads
22,101
Posts
621,842
Members
16,618
Latest member
tskelton205

Staff online

Members Online

Staff online

Members Online

Staff online

Members Online