Hootie, your new avatar pic looks like you caught a bass in chocolate milk.

Isn't that what water is supposed to look like?

Isn't that what water is supposed to look like?

if you've been drinking water that looks like that..I guess I appreciate your posts a lot more now.

Hootie, your new avatar pic looks like you caught a bass in chocolate milk.

That's what I've been saying about the lake I fish. It's visability is never more than 10 inches. Many times 3" or 4". The bass fishing is really great. Go figure.

Hootie

It seems that gas in Lake Wales, Florida is still in a downtrend.

I topped her off today, and the price matched the thread's name: $1.99

 

Roger

WOW!

 

If you need a lesson on why NOT to be involved in commodity futures, you don't need

to look far. A week ago WTI was trading at $43 and change, the trend was decidedly down

and the pricing looked like it might break through $40 a barrel. Well, that's yesterday's

news!

 

Today WTI is currently at $53.37, but traded earlier at $49.69. Volatile, you think?

Prices here (Kansas) jumped from 1.79 to 1.99 over the last 48 hours. 

WOW!

 

If you need a lesson on why NOT to be involved in commodity futures, you don't need

to look far. A week ago WTI was trading at $43 and change, the trend was decidedly down

and the pricing looked like it might break through $40 a barrel. Well, that's yesterday's

news!

 

Today WTI is currently at $53.37, but traded earlier at $49.69. Volatile, you think?

 

Those who didn't cover their shorts,

are wearing shorts that need to be covered  

WOW!

 

If you need a lesson on why NOT to be involved in commodity futures, you don't need

to look far. A week ago WTI was trading at $43 and change, the trend was decidedly down

and the pricing looked like it might break through $40 a barrel. Well, that's yesterday's

news!

 

Today WTI is currently at $53.37, but traded earlier at $49.69. Volatile, you think?

Futures are definately not for the amateur day trader.

Just about the time oil spiked the market went into rally mode.

As RW said that's yesterday's news, it only takes a few things to turn a market positive or negative, and it can happen fast.

The last few days oil strengthened, copper may have it a bottom (very vital commodity for the economy), the dollar weakened a bit and some favorable news from Greece.

 

Can it turn back around and head to $40 again, with all the volatility going on you bet it can.  I don't care what the price is as long as there is stability.

WTI now back to $47.95

 

What a roller coaster ride this is!

WTI now back to $47.95

 

What a roller coaster ride this is!

 

Butterfly calendar spread?

Of course, there are many other 'options'

 

Roger

Diesel hasn't moved much here in CA.  It is more expensive than 91 octane though. 

 

Filled up the 2500HD, 2.75 a gallon for diesel.

 

Filled up the BMW for the wife, 2.49 for 91 octane.

Just went back above $2 for regular at all station around here yesterday.

Not only did oil turn around so did the market.  About 3:30 or so the Dow was enjoying a 100 point gain due to Disney's performance.  All of sudden news came over the wire that the European bank reported having no confidence in Greece, the market did a complete about face within minutes.  

Yesterday in Cincinnati, went from $2.05 to $2.35.

Hootie

WTI $47.36 was the low price today which popped to $52.10 this morning and currently trading at $50.45.

Local prices here are +/- $1.78 for unleaded regular.

 

 

 

 

Price is going up here due to the changeover to the summer blend fuel

2.29 & rising.. No surprise though.

No question in my mind that the price will keep jumping around for awhile.  I'm getting the feeling that the bottom is trying to be established.

 

FYI, the abbreviation for barrel is BBL, why..................Rockefeller first started shipping oil in blue barrels, BBL became the standard.

 

Futures at 9:00 am 52.25, longer range Dec contract @60.

Edited February 6, 201511 yr by SirSnookalot

We've been stuck around 2.40 to 2.50.

The wild ride continues...WTI $48.05

2.22 here bam!!!

Back down again...

 

WTI $47.80

We seem to be in a stable trading range, pump prices here in South Florida have been on the rise.  For the time being the furor on Wall Street regarding energy has waned a bit and so has the volatility.  The attention is more on Greece, the strong dollar and when the Fed raises rates.  Both the Dow and S & P are in record territory and Nasdaq is tickling 5000.

In Lake Wales, FL, gas at the pump hit a low of $1.96, and is currently trading at $2.29

The uptrend however, doesn't appear as robust as the downtrend (likely the major trend).

 

Roger

Price zipped up $0.12 cents yesterday to $2.49 per -

 

But I'm not complaining.

 

A-Jay