Got a deal last night.
New Minimart opened in the area.
They were selling RUG for .99/gal until 6PM.
Got there at 5:55 and got it for the discount price.
Sign was changed to $1.92 while we were in line.
Gasoline consumption in the USA bottomed out In early April at 5 million bbls per day. It is now 7.9 million bbls / and climbing. The pre-C consumption was 10 million bbls/ day.
By the way Exxon Mobil Stock (XOM), is $46.42. For the last 15 years, their stock has been trading at about the price of 1 bbl of oil. You would think they should be able to get ahead of the game. Their dividend however is currently abnormally high with a 7.5% yield.