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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
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So far, no complaints.
Today the wholesale padd 5 price for CARB unleaded regular is $1.42
The price of gas has been falling like a rock, fortunately for refiners the price if crude has been falling slightly faster and is a leading indicator, so the refining margins had been useasonably good. Right up until last week.
Gas is a give-away right now, loosing money on every gallon. Jet and diesel remain relatively strong.
I'll be watching closely to see how and when it settles and when it starts it's way back up.
Instability is supposed to be good for the industry but I don't like it.
Saudi won't be able to afford keeping the price down for long.
I figure OPEC will collapse next fall.
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