Gas Prices

$2.19 for 93 octane Nov. 15th, Wilco Hess in Greensboro
 
Well apparently OPEC is cutting production to jack the prices so I guess this great cheap gas moment is going to be short lived since the price of a barrel is going to go back up soon.
 
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The next round of climb in gas price will not only be where it was, it will be even higher. Enjoy while it's there.
 
The next round of climb in gas price will not only be where it was, it will be even higher. Enjoy while it's there.

How do I buy oil/gas futures? USO ?
 
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I wish I could go down to the local Mobil and prepay for 1000 gallons!!

Funny you mention that. I was talking about this as a business idea for BP, Texaco, etc. Prepaid gas cards, by the gallon, where the oil companies can earn a nice margin (on consumers' fear, frankly) and then manage the price risk through an internal hedging program. It would work. It's like gas insurance. Also improves brand/customer loyalty.
 
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$2.21 for premium gas at Costco in Honolulu, Hawaii :smile:
 
Paid $1.849 for regular unleaded at Costco this morning ($2.059 for premium).
 
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