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Crude Pricing Dynamics #5388339 03/28/20 11:24 PM
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Y_K Offline OP
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Several crude grades in North American are already trading inside the single digit territory as the market tries to force some output to shut-in. Canadian Western Select, the benchmark price for the giant oil-sands industry in Canada, fell to $5.06 a barrel on Friday. Southern Green Canyon in the Gulf of Mexico is worth $11.51 a barrel, Oklahoma Sour is changing hands at $5.75, Nebraska Intermediate at $8, while Wyoming Sweet prices at $3 a barrel


“This disease making us more cruel to one another than if we are doggs.” -- Samuel Pepys 1666
Re: Crude Pricing Dynamics [Re: Y_K] #5388346 03/28/20 11:39 PM
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GMguy84 Offline
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I wonder what summer blend switch is gonna do ?? Stories have heard tanks full of the winter mix since demand is very low ???


Crazy story, i just filled up $1.39 a gallon (East Dallas Suburb) and talked with station owner "Why so cheap" ?? he told me he JUST sold the Gas station to a new owner since gas is way to low and he cant make enough $$$ to stay in business shrug


Dave

Last edited by GMguy84; 03/28/20 11:40 PM.

01 Silverado 1500HD Shell RGT 5W30/XG3675

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Re: Crude Pricing Dynamics [Re: Y_K] #5388355 03/28/20 11:49 PM
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Rolla07 Offline
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Got gas at .80 a liter here...last time i saw that price was ughhh...2003?


2007 Corolla Red Pearl 155k miles
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TGMO 0W20 & OEM filter

Re: Crude Pricing Dynamics [Re: Y_K] #5388360 03/29/20 12:27 AM
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Brybo86 Offline
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Pic taken 3/25 in Elkhorn ,WI just north of Lake Geneva.

99 cents per gallon

I maybe remember seeing diesel for that price in 1991? ...

IMAG36771.jpg
Last edited by Brybo86; 03/29/20 12:28 AM.

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Re: Crude Pricing Dynamics [Re: Y_K] #5388362 03/29/20 12:41 AM
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blufeb95 Offline
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But geez, still $.60 more per gallon for high test.

Re: Crude Pricing Dynamics [Re: blufeb95] #5388363 03/29/20 12:43 AM
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Y_K Offline OP
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Originally Posted by blufeb95
But geez, still $.60 more per gallon for high test.


Normal for shale derivatives


“This disease making us more cruel to one another than if we are doggs.” -- Samuel Pepys 1666
Re: Crude Pricing Dynamics [Re: Rolla07] #5388369 03/29/20 01:42 AM
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OVERKILL Online Content
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Originally Posted by Rolla07
Got gas at .80 a liter here...last time i saw that price was ughhh...2003?


We are into the $0.60's now crzy


2019 RAM 1500 Sport - Mobil 1 EP 0w-20, FRAM Ultra
2020 Grand Cherokee SRT - Ravenol SSL 0w-40, FRAM Ultra
Re: Crude Pricing Dynamics [Re: Y_K] #5388383 03/29/20 03:35 AM
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WhyMe Offline
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this is a double whammy. the virus has caused demand to drop like a rock as no one is going anywhere. combine this with the oil war , its gonna get ugly. But in my part of Wa its still over $2 even at Costco.

Re: Crude Pricing Dynamics [Re: Y_K] #5388394 03/29/20 04:24 AM
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Lapham3 Offline
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I'd think that the retailers make a high profit with this as they often slowly drop the pump prices at the same time they buy product cheaply. The reverse is where they can lose $.

Re: Crude Pricing Dynamics [Re: Y_K] #5388445 03/29/20 08:05 AM
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Snagglefoot Offline
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Speaking of dynamics, WTI oil on Jan 6, 2020 was over $63. It will be 3 months on April 6 since the collapse. Oil closed on Friday at $21.51. Gasoline consumption in the US dropped by over 850,000 bbls per day last week. Average gasoline consumption in the US in 2019 was 9.28 million bbls per day. smile

Last edited by Snagglefoot; 03/29/20 08:17 AM.

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Re: Crude Pricing Dynamics [Re: Y_K] #5388447 03/29/20 08:18 AM
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tcp71 Offline
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Lowest it’s been since the 80s.

[Linked Image]


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Re: Crude Pricing Dynamics [Re: tcp71] #5388587 03/29/20 11:38 AM
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Lolvoguy Offline
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Originally Posted by tcp71
Lowest it’s been since the 80s.

[Linked Image]

I dunno about that.
I recall when I started driving, complaining about gas being 56.9 in Regina, Sask.
That was in the mid-late 90's.
I'd assume it would have been cheaper in Alberta, considering they generally have the lowest prices.


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Re: Crude Pricing Dynamics [Re: OVERKILL] #5388605 03/29/20 11:56 AM
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xxch4osxx Offline
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Originally Posted by OVERKILL
Originally Posted by Rolla07
Got gas at .80 a liter here...last time i saw that price was ughhh...2003?


We are into the $0.60's now crzy


I was just going to say, ya its around .65 cents per liter average around here!


2015 RAM SXT Crew Cab 5.7 with 6 speed tranny.

2008 Mazda 3 GS Sport Hatchback 5sp MT (Girlfriend's car)

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