Seems like the price of a gallon of oil has gone up from $28'ish to $38'ish.
If so, why? Gas hasn't gone up...
Or am I dreaming?
If so, why? Gas hasn't gone up...
Or am I dreaming?
Why are oil prices going up?
- Thread starter sasilverbullet
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A lot of news regarding Iran. I'm surprised you hadn't heard. The security of tanker traffic through the Straits of Hormuz and the surrounding area has been threatened by attacks and the seizure of one British vessel. Military escorts are the likely solution.
Originally Posted by PimTac
A lot of news regarding Iran. I'm surprised you hadn't heard. The security of tanker traffic through the Straits of Hormuz and the surrounding area has been threatened by attacks and the seizure of one British vessel. Military escorts are the likely solution.
Hm, yes I heard, just didn't think it would hit the shelf prices that fast.
A lot of news regarding Iran. I'm surprised you hadn't heard. The security of tanker traffic through the Straits of Hormuz and the surrounding area has been threatened by attacks and the seizure of one British vessel. Military escorts are the likely solution.
Hm, yes I heard, just didn't think it would hit the shelf prices that fast.
I'm guessing most of us have enough oil on hand to last until it goes back down.
Originally Posted by sasilverbullet
Seems like the price of a gallon of oil has gone up from $28'ish to $38'ish.
If so, why? Gas hasn't gone up...
Or am I dreaming?
Gas sure has gone up here. I just paid $3.73 for a gallon of 87.
Seems like the price of a gallon of oil has gone up from $28'ish to $38'ish.
If so, why? Gas hasn't gone up...
Or am I dreaming?
Gas sure has gone up here. I just paid $3.73 for a gallon of 87.
4WD
$50 site donor 2024
A gallon of what oil ?
Originally Posted by 4WD
A gallon of what oil ?
Autozone:
Castrol GTX HM 10w-40 - $33.99
M1 5W-30 - $37.99
And that's with a discount because of buying a filter with them.
A gallon of what oil ?
Autozone:
Castrol GTX HM 10w-40 - $33.99
M1 5W-30 - $37.99
And that's with a discount because of buying a filter with them.
Originally Posted by sasilverbullet
Originally Posted by 4WD
A gallon of what oil ?
Autozone:
Castrol GTX HM 10w-40 - $33.99
M1 5W-30 - $37.99
And that's with a discount because of buying a filter with them.
If you are buying oil at AutoZone or OReily's, you're doing it wrong.
Walmart:
Castrol GTX HM 10w-40 5 qt. - $16.97
M1 5W-30 5 qt. - $22.88
Ed
Originally Posted by 4WD
A gallon of what oil ?
Autozone:
Castrol GTX HM 10w-40 - $33.99
M1 5W-30 - $37.99
And that's with a discount because of buying a filter with them.
If you are buying oil at AutoZone or OReily's, you're doing it wrong.
Walmart:
Castrol GTX HM 10w-40 5 qt. - $16.97
M1 5W-30 5 qt. - $22.88
Ed
Originally Posted by sasilverbullet
Seems like the price of a gallon of oil has gone up from $28'ish to $38'ish.
With a 42 gallon barrel of crude around $56, that still seems like a bargain.
Seems like the price of a gallon of oil has gone up from $28'ish to $38'ish.
With a 42 gallon barrel of crude around $56, that still seems like a bargain.
Originally Posted by atikovi
Originally Posted by sasilverbullet
Seems like the price of a gallon of oil has gone up from $28'ish to $38'ish.
With a 42 gallon barrel of crude around $56, that still seems like a bargain.
Yup, still below $50 a barrel. Many folks fail to realise gas is high cause of their states taxes on it
Originally Posted by sasilverbullet
Seems like the price of a gallon of oil has gone up from $28'ish to $38'ish.
With a 42 gallon barrel of crude around $56, that still seems like a bargain.
Yup, still below $50 a barrel. Many folks fail to realise gas is high cause of their states taxes on it
Just paid $19.99 for 5q of M1 0-20 AFE.
Picked up 2 at this price.
Cheapest I've paid before rebate in several years...
Gasoline is $2.59/gallon here as well...
Picked up 2 at this price.
Cheapest I've paid before rebate in several years...
Gasoline is $2.59/gallon here as well...
I just got 4 5qt jugs of rotella GASTRUK. (20qts)
for 21.97x4+tax = 93.81 -40 MIR -10walmart grocery pickup coupon -10 chase freedom CC walmart grocery offer = 33.81 or $1.69/qt
Previously I usually pay around 2-2.25/qt for M1 or Pennzoil platinum after rebates.
for 21.97x4+tax = 93.81 -40 MIR -10walmart grocery pickup coupon -10 chase freedom CC walmart grocery offer = 33.81 or $1.69/qt
Previously I usually pay around 2-2.25/qt for M1 or Pennzoil platinum after rebates.
Originally Posted by 53' Stude
Originally Posted by atikovi
Originally Posted by sasilverbullet
Seems like the price of a gallon of oil has gone up from $28'ish to $38'ish.
With a 42 gallon barrel of crude around $56, that still seems like a bargain.
Yup, still below $50 a barrel. Many folks fail to realise gas is high cause of their states taxes on it
$50 seems to be the "low price" benchmark from memory... and it's rumored Irans sitting on several million barrels poised to hit the market so I can't see oil going up..but who knows, Venezuela's still a disaster and the straight of Hormuz is a hotspot so that could all change fast.
(am I talking myself into buying s'more rebate oil?...‚)
Originally Posted by atikovi
Originally Posted by sasilverbullet
Seems like the price of a gallon of oil has gone up from $28'ish to $38'ish.
With a 42 gallon barrel of crude around $56, that still seems like a bargain.
Yup, still below $50 a barrel. Many folks fail to realise gas is high cause of their states taxes on it
$50 seems to be the "low price" benchmark from memory... and it's rumored Irans sitting on several million barrels poised to hit the market so I can't see oil going up..but who knows, Venezuela's still a disaster and the straight of Hormuz is a hotspot so that could all change fast.
(am I talking myself into buying s'more rebate oil?...‚)
4WD
$50 site donor 2024
Originally Posted by Mad_Hatter
Originally Posted by 53' Stude
Originally Posted by atikovi
Originally Posted by 53' Stude
Originally Posted by atikovi
sasilverbullet said:
Originally Posted by 4WD
We might be mixing subjects … but I have wondered if Shell's GTL travels through the "narrows"
Good question.. depends on where their NG fields are. Dunno...
But remember oil as a whole is a traded commodity, overall low supply could force Shell to adjust even their GTL prices because of market forces impacting other upstream/downstream business units (not just PCMO). A spillover effect if you will...
If I were to speculate I'd say blenders (like Warren) will be the first the first to feel the pinch of low supply as a refined like Shell can better absorb/withstand small swings in market prices. Blenders will be forced to hike prices as their margins are smaller than a Chevron, ConocoPhillips or a Shell.
We might be mixing subjects … but I have wondered if Shell's GTL travels through the "narrows"
Good question.. depends on where their NG fields are. Dunno...
But remember oil as a whole is a traded commodity, overall low supply could force Shell to adjust even their GTL prices because of market forces impacting other upstream/downstream business units (not just PCMO). A spillover effect if you will...
If I were to speculate I'd say blenders (like Warren) will be the first the first to feel the pinch of low supply as a refined like Shell can better absorb/withstand small swings in market prices. Blenders will be forced to hike prices as their margins are smaller than a Chevron, ConocoPhillips or a Shell.
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