Price of oil down

Sunbeam lodge · 03-13-2015, 03:06 PM

What is the price of a gallon of oil now. Just paid $2.90 from Stafford. Also with the price of oil tanking , how come gasoline prices have not moved substantially.

Slickcraft · 03-13-2015, 03:12 PM

You can get cash prices here, select your area in the pull down.
http://www.newenglandoil.com/newhampshire/zone3.asp?x=0
$2.90 is on the high end.

BroadHopper · 03-13-2015, 04:55 PM

OPEC is meeting very soon and the analysts believe oil prices will got up.

Rusty · 03-13-2015, 05:18 PM

Quote:

Originally Posted by Sunbeam lodge

What is the price of a gallon of oil now. Just paid $2.90 from Stafford. Also with the price of oil tanking , how come gasoline prices have not moved substantially.

Google "Rockets and Feathers".

tummyman · 03-13-2015, 10:01 PM

If you belonged to Our Town Energy Coop, you could have paid $2.23 today if paid within 10 days. That is a big difference. Cost to belong is $25 per year....well worth it.

Greene's Basin Girl · 03-14-2015, 01:55 PM

Yes, but did you have to pay a higher price when rack price was less expensive. I belong to this organization, but I never use it because if I did I would have been a higher price much of the time.

wynndog · 03-15-2015, 02:32 PM

Well $ of gas was going up. "because increased cost for summer gas"
I thought putting in ethanol for warmer weather,was supposed to be cheaper
because we used CORN, toooo, make gas cheaper?

MAXUM · 03-15-2015, 02:57 PM

It's the summer gas and this is the time of the year when refineries are shutting down for maintenance too.

Just because oil is cheap right now doesn't always mean you will see that at the pump. Gas is sold at a contracted rate through the supply chain so the fluctuations at the pump are reflected based on whatever the contract rate is not necessarily in line with the commodity price of a barrel of oil. That plays some part in the price but not the entire picture.

codeman671 · 03-16-2015, 03:58 PM

Quote:

Originally Posted by Greene's Basin Girl

Yes, but did you have to pay a higher price when rack price was less expensive. I belong to this organization, but I never use it because if I did I would have been a higher price much of the time.

We are members as well. Their Rack Plus program is an adjustable price program, it is not a pre-buy or season long lock. They signed us up with Eastern as the provider. Each day the rack plus price is listed on the otchoice.com website. If you pay within 10 days this is the price that you pay. It goes up and down like everyone else, but the base price has always been cheaper than everyone else on newenglandoil.

Sunbeam lodge · 03-16-2015, 04:51 PM

Quote:

Originally Posted by Sunbeam lodge

What is the price of a gallon of oil now. Just paid $2.90 from Stafford. Also with the price of oil tanking , how come gasoline prices have not moved substantially.

http://gascalc.appspot.com/

Sunbeam lodge · 03-16-2015, 04:54 PM

Quote:

Originally Posted by Sunbeam lodge

http://gascalc.appspot.com/

you can slide the green box to change the cost of gas to correlate

jhnmdahl · 03-17-2015, 01:45 PM

A couple factors at work here -

First, refining is the constraint on supply right now, and not availability of oil being pumped from the ground. Refineries are also undergoing spring maintenance right now as they switch from winter blend to summer blend, further reducing refining capacity.

Second, gas is somewhat more expensive in the summer in part because the formulation is more expensive. Butane can be put in winter gas, but will evaporate out of summer gas too easily, requiring a greater amount of heavier hydrocarbons to make a gallon of summer gas.

03-13-2015, 03:06 PM	#1
Sunbeam lodge Senior Member Join Date: Apr 2004 Location: Meredith/Naples Florida Posts: 367 Thanks: 135 Thanked 50 Times in 26 Posts	Price of oil down What is the price of a gallon of oil now. Just paid $2.90 from Stafford. Also with the price of oil tanking , how come gasoline prices have not moved substantially.

03-13-2015, 04:55 PM	#3
BroadHopper Senior Member Join Date: Oct 2004 Location: Laconia NH Posts: 5,606 Thanks: 3,238 Thanked 1,113 Times in 799 Posts	Time to fill up is NOW. OPEC is meeting very soon and the analysts believe oil prices will got up. __________________ Someday may never be an actual day.

03-15-2015, 02:32 PM	#7
wynndog Senior Member Join Date: Oct 2013 Location: Alton Posts: 98 Thanks: 170 Thanked 10 Times in 7 Posts	gaz Well $ of gas was going up. "because increased cost for summer gas" I thought putting in ethanol for warmer weather,was supposed to be cheaper because we used CORN, toooo, make gas cheaper?

03-13-2015, 03:12 PM	#2
Slickcraft Senior Member Join Date: Mar 2008 Location: Welch Island and The Taylor Community Posts: 3,329 Thanks: 1,242 Thanked 2,118 Times in 968 Posts	You can get cash prices here, select your area in the pull down. http://www.newenglandoil.com/newhampshire/zone3.asp?x=0 $2.90 is on the high end.

03-13-2015, 10:01 PM	#5
tummyman Senior Member Join Date: Aug 2009 Location: Moultonborough Posts: 845 Thanks: 261 Thanked 698 Times in 246 Posts	If you belonged to Our Town Energy Coop, you could have paid $2.23 today if paid within 10 days. That is a big difference. Cost to belong is $25 per year....well worth it.

03-14-2015, 01:55 PM	#6
Greene's Basin Girl Senior Member Join Date: Sep 2009 Location: Moultonborough, NH Posts: 1,515 Thanks: 394 Thanked 527 Times in 269 Posts	Yes, but did you have to pay a higher price when rack price was less expensive. I belong to this organization, but I never use it because if I did I would have been a higher price much of the time.

03-15-2015, 02:57 PM	#8
MAXUM Senior Member Join Date: Apr 2004 Location: Kuna ID Posts: 2,755 Thanks: 246 Thanked 1,942 Times in 802 Posts	It's the summer gas and this is the time of the year when refineries are shutting down for maintenance too. Just because oil is cheap right now doesn't always mean you will see that at the pump. Gas is sold at a contracted rate through the supply chain so the fluctuations at the pump are reflected based on whatever the contract rate is not necessarily in line with the commodity price of a barrel of oil. That plays some part in the price but not the entire picture.

The Following User Says Thank You to codeman671 For This Useful Post:
upthesaukee (03-16-2015)

03-17-2015, 01:45 PM	#12
jhnmdahl Junior Member Join Date: Feb 2015 Location: Twin Cities, MN Posts: 6 Thanks: 1 Thanked 0 Times in 0 Posts	A couple factors at work here - First, refining is the constraint on supply right now, and not availability of oil being pumped from the ground. Refineries are also undergoing spring maintenance right now as they switch from winter blend to summer blend, further reducing refining capacity. Second, gas is somewhat more expensive in the summer in part because the formulation is more expensive. Butane can be put in winter gas, but will evaporate out of summer gas too easily, requiring a greater amount of heavier hydrocarbons to make a gallon of summer gas.