What are you guys paying for gas?

[MarvB]

$5.29 for regular, $5.99 for diesel here in Janesville CA. That was an hour ago. Probably more now as fast as it’s going up. Regular was $4.49 for months before all this. Diesel was $4.79.

Better put a locking cap on it, locals might be looking for a High Desert discount!!

 

[F250]

$4.79 now for diesel. If this is becoming a contest… I don’t want to win !

 

[Nick87]

$4.79 now for diesel. If this is becoming a contest… I don’t want to win !

You won't diesel is higher than that here. I think $4.90 yesterday

 

[Stretcher_Jockey]

Regular unleaded here is currently anywhere between 3.49 and 3.89. Diesel is 4.40 to 4.89. Western Tennessee.

 

[mikwat]

Just hit 3.99 in my corner of FL

 

[Stocker]

$4.89 for #2 diesel in Omaha today. The 5000 gallon tank of red fuel is sure looking mighty tempting………..

 

[Laszlo Cravensworth]

Kids.

I remember paying damn near $5/gallon for diesel in Great Falls in either 07 or 08.

Had a Dodge Cummins then, 36 gal tank. $ all time high of $176 for a fill up when I let it get down to fumes.

Shoot. I wish I had had a diesel then. I was driving an 88 F250 with a 460 in it. 35" tires and a massive steel dump bed. Averaged about 7 mpg and I think gas peaked in Yreka around $5.20.

 

[Nick87]

 

[westbranch]

3.59 at costco this morning.

 

[Birdbander]

Increased to $4.09 yesterday and up today to $4.25 an hour north of Grand Rapids, Mi.

 

[pwrwgn57]

$4.25 for regular this morning. Diesel is at $4.99 here in eastern PA so the truck isn’t going anywhere!

 

[RobertD]

We're at 3.99 now. I've got an unavoidable weekend drive coming up that's going to be so expensive it turns my stomach.

 

[noharleyyet]

Filled in Mora, NM last Wednesday for 4.10, didn’t fill up again until today back in Clarendon, TX @ 4.20. Most of I40 was 4.90. Right across the Road from the 4.20 was 4.70.

36 gallon tank.Diesel

 

[MTLabrador]

$3.79 in Billings.

 

[GoGriz]

So bad

 

[Nick87]

Out of town to see some family. On the way down gas averaged around $4.20 but diesel was $5.05

At one exit two stations across from each other one was $3.99
The other was $4.29
Guess which one was empty

 

[Gr8bawana]

I saw diesel at the Circle K in my town go from $4.19 on Friday to $4.55 on Saturday to $4.89 on Sunday. Who knows what it might be today.

 

[Muleyhunter78]

1.749/l here in central BC, roughly 6.62 a gallon for gas. Diesel works out to about 7.34 a gallon..............

 

[jabber]

Got this in an email this afternoon

WASHINGTON, D.C. (DTN) -- New York Mercantile Exchange oil futures and Brent

crude traded on the Intercontinental Exchange powered higher early Monday,

briefly sending the U.S. and international crude benchmarks above $130 bbl

after U.S. and European officials said they are considering sanctions on

Russian oil exports in response to escalating violence in Ukraine, resorting to

the most potent economic pressure on the Russian government, but also removing

millions of barrels from the global market that is in dire need of supplies.



U.S. Secretary of State Antony Blinken said over the weekend the United

States and Western allies are "in active discussions about banning imports of

Russian oil to our countries, while at the same time maintaining a steady

global supply of oil."



The unprecedent measure would remove as much as 5.7 million bpd of oil

instantaneously from the global oil market, lifting oil prices to unsustainably

high levels and chocking economies around the world. Exinity wealth management

estimates oil prices could jump above $200 bbl should Western economies

sanction Russian oil without a response from the Organization of the Petroleum

Exporting Countries.



To that end, U.S. officials are said to have initiated dialogue with the

Venezuelan government of Nicolas Maduro to quickly lift U.S. sanctions on the

country's oil exports that were under strict sanction regime since 2019. As of

2021, Petrleos de Venezuela SA, the country's state oil company, was producing

about 800,000 bpd -- only a quarter of what it pumped in the 1990s. Some

analysts suggest the country could get production up to 1.2 million bpd in

under eight months, particularly if Chevron, the only major American oil

producer in Venezuela, can step up production.



Even in the most optimistic scenario, Venezuelan exports would not be enough

to replace the loss of Russian barrels unless Saudi Arabia and the United Arab

Emirates quickly open up the taps, and sanctions on Iran were lifted allowing

the Islamic Republic to sell oil openly on the global market.



The issue of sanctioning Russian oil is particularly acute for European

Union that draws around 25% of its oil imports from Russia. European refiners

imported some 1.7 million bpd of Russian crude oil via tankers last year, 85%

of which consisted of Urals crude, according to data from Kpler. In addition to

waterborne flows, the Druzhba pipeline system can supply up to 1.4 million bpd

of Urals crude to the continent.



Total U.S. imports of Russian oil averaged 670,000 bpd or 7.9% of total

demand in 2021. It's also important to note that of this volume just 198,000

bpd was crude oil.



For Russia, however, the move would be devastating, cutting a vital artery

for the government and military budget. Oil and gas make up 60% of the Russian

economy's exports, accounting for nearly 20% of Russian gross domestic product

and 40% of Russian government revenues.



The EU is Russia's largest trading partner and accounts for nearly 40% of

Russia's total global trade, with about half of Russia's oil exports and 70% of

their natural gas exports going to Europe.



Even prior to sanctions chatter, oil traders have been reluctant to deal

with Russian oil exports, increasingly wary of dealing with Russian oil given

the legal and reputational risks involved. Analysts estimate a "self-imposed"

embargo cut as much as 2.5 million bpd from the global oil market in recent

days.



The list of companies fleeing Russia's energy complex have now expanded to

ExxonMobil, Chevron, Shell, and British Petroleum, as investors increasingly

view Russian business as toxic. J.P. Morgan estimates that nearly 70% of

Russian oil is currently struggling to find buyers.



So far, economic sanctions have done little to change Russian President

Vladimir Putin's strategy in Ukraine, with reports suggesting shelling against

civilians is getting progressively worse across major cities. Several major

Ukrainian cities, including Kiev, Kharkiv, Mariupol and Odessa, have been or

are close to being encircled by Russian military, trapping over five million

people, and creating a humanitarian catastrophe.



Near 7:45 AM ET, NYMEX April West Texas Intermediate rallied $4.92 to trade

at $120.66 bbl, and ICE Brent May contract advanced $6.14 to $124.20 bbl. NYMEX

April RBOB futures surged 14.16cts to $3.6856 gallon, and April ULSD futures

spiked 21.35cts to $3.9877 gallon.





Thank you for your business,

 

[hank4elk]

$4.04 in Quemado this morn. ,low oct.