tysker said:
Do you think that the oil in the Keystone is going to stay in the US?
I suspect a fair amount of it will be shipped to the higher bidders located in Asia
flown-the-coop said:tysker said:
Do you think that the oil in the Keystone is going to stay in the US?
I suspect a fair amount of it will be shipped to the higher bidders located in Asia
Well considering it has to still be completed then I don't think your hypotheticals are relevant.
However, investment and commitments for these to be delivered things is good news and usually still impacts current prices given overall optimism.
EFR said:
Since when does good news about the fairly distant future have a positive effect on current commodity prices?
flown-the-coop said:EFR said:
Since when does good news about the fairly distant future have a positive effect on current commodity prices?
Spot prices of commodities that can be stored are most certainly impacted by future conditions. Believe it's probably been discussed in this thread.
Companies making commitments now for the Keystone XL is positive news. General positivity will at the least calm the markets and less volatility now will likely lower spot price.
tysker said:flown-the-coop said:EFR said:
Since when does good news about the fairly distant future have a positive effect on current commodity prices?
Spot prices of commodities that can be stored are most certainly impacted by future conditions. Believe it's probably been discussed in this thread.
Companies making commitments now for the Keystone XL is positive news. General positivity will at the least calm the markets and less volatility now will likely lower spot price.
I know this thread is about Oil prices but spot prices for cocoa is up 20% and cotton spot is up 17% over the last month. Wheat and soybeans prices are up too.
Will the Keystone help alleviate these input costs for producers as well?
ErnestEndeavor said:
WTI getting awfully close to dropping below $90.
Sims said:
A chinese vessel getting hit is going to move things lower.
Russia has already told Iran to go pound sand from a mutual defense pact and with a chinese vessel getting hit, China is gonna tap the brakes on support for Iran. Iran's clock is ticking faster and they don't have much leverage left.
ErnestEndeavor said:
WTI getting awfully close to dropping below $90.
fc2112 said:
Seems like gas everywhere jumped to $4.19 overnight. I guess they didn't get the memo.
IB4 "it takes time for cheaper oil" yada yada yada. When the price of oil went up 30%, gas jumped 30% 5 minutes later.
fc2112 said:
I love it - "it's hard". OK.
So price of oil jumps and it costs more to refill the tanks 5 minutes later, but price drops and it costs less to fill up the tanks one month later?
Makes sense. Oh wait - it's hard - OK.
fc2112 said:
I love it - "it's hard". OK.
So price of oil jumps and it costs more to refill the tanks 5 minutes later, but price drops and it costs less to fill up the tanks one month later?
Makes sense. Oh wait - it's hard - OK.
No Spin Ag said:
Is the overnight fifteen cent jump in price at the pump the summer blend or just more Iran related price increases?
For those in the know, Garcias.
No Spin Ag said:fc2112 said:
I love it - "it's hard". OK.
So price of oil jumps and it costs more to refill the tanks 5 minutes later, but price drops and it costs less to fill up the tanks one month later?
Makes sense. Oh wait - it's hard - OK.
And don't forget blue collar folk who spend a ton on junk food to get them through their day.
I'd imagine those guys, the ones going daily and dropping more Thabo ten bucks each day, are the biggest money source for those the go inside.
Kansas Kid said:No Spin Ag said:
Is the overnight fifteen cent jump in price at the pump the summer blend or just more Iran related price increases?
For those in the know, Garcias.
The summer blend has less impact on price vs the increase in crude. (Total cost of summer blend is in the $.10 to $.15 range. A $5 increase in crude would have the same impact and obviously it has gone up more than that)
One day jumps of 15 cents are almost always caused when one or more of the major C-stores in the market decide to try to push a price increase through based on higher wholesale price trends. My local market went up 25 cents this week to finally get over $4/gal. It could be them passing on the summer blend in this case but it is likely a combination of the two with crude being the bigger driver.
Deerdude said:
I'd argue that while they may not collude face to face, they make sure that prices are comparable to the guy down the street.
Deerdude said:
I'd argue that while they may not collude face to face, they make sure that prices are comparable to the guy down the street.
Deerdude said:
Sure and there's two angles I guess they use. You can try to be a little lower to generate sales, or be forced to keep as low as the other guy to retain some sales.
I'm a fuel price shopper. I have 130 gallon capacity in my truck including 70 gallon aux tank in bed. I use fuel from reserves where it's expensive and fill up where cheap. Headed thru Laredo today. It's $.20 cheaper there. I'll top off .
Deerdude said:
Sure and there's two angles I guess they use. You can try to be a little lower to generate sales, or be forced to keep as low as the other guy to retain some sales.
I'm a fuel price shopper. I have 130 gallon capacity in my truck including 70 gallon aux tank in bed. I use fuel from reserves where it's expensive and fill up where cheap. Headed thru Laredo today. It's $.20 cheaper there. I'll top off .
aggiehawg said:Deerdude said:
I'd argue that while they may not collude face to face, they make sure that prices are comparable to the guy down the street.
Very competitive market those gas stations are in.
— JT (@Jaberuski) May 16, 2026
