Thread: Oil Slick Stuff

E10 averaging $3.13 in GA. Kinda stuck in one place for a while. The Dollar has been in an up trend for a while. Dollar up gasoline down, Dollar down Gasoline up, usually!
DXY Index Quote - U.S. Dollar Index (DXY) Index Price Today (DXY:NYE) - MarketWatch

dollar index.jpg

E10 at $2.85 this morning

E10 averaging $3.09 a gallon in BPGA!

Do you know what this could mean?!
Oil Traders Say OPEC May Be Heading For Price War

by Reuters
|
Rania El Gamal & David Sheppard
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Thursday, October 02, 2014

LONDON/DUBAI, Oct 2 (Reuters) - Saudi Arabia's decision to slash the official selling price for its oil has sparked trader talk of an emerging OPEC price cutting war, as members of the producer group could compete to defend their market share amid ample supplies and tepid demand. Industry and trading sources in the Middle East say there was now a risk of a race to the bottom, at a time when many were calling for unity from members of the Organization of the Petroleum Exporting Countries (OPEC) as it faces one of the steepest price slides since the financial crisis.

See more at: RIGZONE - Oil Traders Say OPEC May Be Heading For Price War

Republicans Craft 2015 Plan To Force Obama's Hand On Keystone

by Reuters
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Amanda Becker & Timothy Gardner
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Wednesday, October 01, 2014

- See more at: RIGZONE - Republicans Craft 2015 Plan To Force Obama's Hand On Keystone

E10 down to $2.75 this morning

We are averaging $3.01 a gallon down here.

Oil Reverses Course, Ends Higher On Weak Dollar

by Reuters
|
Catherine Ngai
|
Monday, October 06, 2014

NEW YORK, Oct 6 (Reuters) - Crude oil futures reversed course on Monday after a massive sell-off last week and ended higher on a slump in the U.S. dollar. The dollar pushed into negative territory on track for its biggest one-day drop since January, after climbing to a more than four-year peak on Friday. An increase in the index makes oil most costly for buyers using other currencies. Crude's price rise came as talk of an extended outage at the 300,000-barrel per day Irving, St. John refinery in Canada, pushed front-month New York gasoline prices 1.5 percent higher. "There seemed to be a little nervous buying in the products, which led to short covering and turned us around (in crude)," said Phil Flynn, an analyst at Price Futures Group in Chicago. "It was the perfect connection where the market was a bit oversold, and St. John gave us a reason to buy." Brent for November ended 48 cents higher at $92.79 a barrel, after hitting a low of $91.25 a barrel intraday. The benchmark had hit $91.48 a barrel on Friday, its lowest since June 2012. U.S. November crude settled 60 cents higher at $90.34 a barrel, and New York gasoline was up 1.5 percent. Despite the uptick, analysts said that oversupplied markets coupled with lackluster demand continued to weigh on the crude markets. - See more at:

RIGZONE - Oil Reverses Course, Ends Higher On Weak Dollar

E10 now down to $2.70 today

LADRON!

As low as $3.03 in the Cleveland area. Around me the average is $3.11.