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06-16-2017, 10:10 PM
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#1
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Member
Join Date: Mar 2015
Posts: 94
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Start your engines RV friends /low fuel cost
Dip in Oil Could Signal Low Summer Pump Prices
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June 16, 2017 by Dave Barbulesco Leave a Comment
Oil prices continue to lag despite efforts by supply-giants Saudi Arabia and Russia to reduce a stubborn glut in world supplies. According to Business Report, that’s good news for U.S. drivers looking for affordable gas prices this summer – but not so great for oil companies who rely on robust prices to boost profits.
“If oil prices remain below $50 a barrel, as they are currently, that will keep gasoline prices low,” said Pavel Molchanov, an energy analyst at the investment firm Raymond James. “Our team’s forecast is for oil prices to recover, not tomorrow or next week, but over the next six to 12 months.”
For now, however, prices have hit a lull, falling nearly 10% since the last Organization of the Petroleum Exporting Countries in late May. Another steep drop came Wednesday after two new oil market reports, one showing tepid gasoline demand in the United States and the other showing an increase rather than a cut in OPEC output.
The federal Energy Information Administration on Wednesday said that U.S. gasoline stockpiles rose by 2.1 million barrels to 242 million barrels. For the second week, gasoline demand was weak, disappointing many analysts and traders who had been looking for a rebound. The price benchmarks for crude oil fell sharply after the report’s release.
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Roger R.
2016 Cornerstone B
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06-17-2017, 12:15 AM
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#2
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Senior Member
Join Date: Jul 2015
Location: Currently; SW Cali. Sunny & warm!
Posts: 1,323
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Thanks for the update.
Funny though how the price goes up a nickle at a time as you're driving by on the LED signs.
Goes down a penny or two over the next month or two...
Be well
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J & J, DRV Suites ES-38RSSA #9679 GM Denali, 3500HD-Max, 4x CC, 8' DRW,
EZGo-TXT, Clubcar Precedent
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06-17-2017, 05:22 AM
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#3
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Senior Member
Entegra Owners Club
Join Date: Apr 2007
Location: SW FL
Posts: 31,732
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Well there goes any vacancies at RV parks if reservations have not been way in advance. I might be coming home real earlier this year.  Cheap fuel and no place to stay. DW is not a Walmart Camper.
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Chuck in SW FL
Digital 2021 Cornerstone "B"
A "Digital" 2019 Cornerstone "B" Traded
A "Classic" 2014 Anthem 42 RBQ---Sold
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06-17-2017, 07:14 AM
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#4
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Senior Member
Join Date: Jul 2012
Location: Port Charlotte , Fl
Posts: 1,497
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No fear I'm positive fuel prices will rise as summer travel picks up !
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Sue & Brian Ashworth & Rizzy( adopted Boxer)
No RV anymore !
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06-17-2017, 07:21 AM
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#5
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Community Moderator
Newmar Owners Club
Join Date: Feb 2011
Location: Point Pleasant Beach, NJ
Posts: 31,551
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I like low fuel prices! 
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Tony & Ruth........... FMCA#F416727
2016 London Aire 4519, Freightliner chassis, Cummins ISX, 2018 Jeep Wrangler Unlimited, Blue Ox Avail with AF1. TST 507 TPMS
No amount of money can buy you an extra second of time.
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06-17-2017, 07:29 AM
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#6
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Senior Member
Join Date: Jan 2017
Location: "Murvul", TN
Posts: 1,665
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Predicting (a.k.a. guessing!) is almost as impossible to predict the winning lottery numbers! All it takes is for one of the OPEC nation leaders to fart, the rest of them think he has indigestion about their price structure, and the oil prices go up $10/barrel  
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2016 F350 Crew Cab Dually Diesel King Ranch 4x4
2018 Grand Design Momentum 394M Toy Hauler
Excessive Payload Capacity is a Wonderful Thing!
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06-17-2017, 09:20 AM
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#7
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Senior Member
Join Date: Jul 2014
Location: Safety Harbor, FLorida
Posts: 268
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Just returned from an 75-day 8500 mile cross country trip. Best diesel price I found was at the Buc-ees in Ft. Worth in early April. $1.98/gallon.
Their DEF was just $2.50/gal at the pump.
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2017 Entegra Aspire 42DEQ
Tow: 2019 Ford Fusion HYBRID
"Adventure before Dementia"
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06-17-2017, 09:21 AM
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#8
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Senior Member
Entegra Owners Club Spartan Chassis
Join Date: Jun 2015
Location: Vacaville, CA
Posts: 354
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I hope Jerry Brown (Moonbeam) doesn't read this tread!
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Bob & Anna Hutting
2016 Entegra Anthem 44B
2004 Jeep Liberty Limited - FMCA #343990
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06-17-2017, 06:49 PM
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#9
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Senior Member
Entegra Owners Club
Join Date: Sep 2012
Posts: 6,695
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Crossed the continental divide from the West to the East in Montana. Price per gallon dropped from 2.69-2.79/gal to 2.24-2.27/gal in SD and Iowa. Back up to 2.59 in IN and 2.79 in NY. Most of these prices are within 100 miles of a refinery, so transportation costs suggest it is only an excuse. Mainline stations (Pilot, Loves, TA, FJ) all appear to average 0.25 to .45/gal artificially higher. My personal view - disgusting:(
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Dave and Beth
2015 Cornerstone 45J
2020 Ford F-150 Lariat
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06-17-2017, 07:08 PM
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#10
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Senior Member
Winnebago Owners Club Workhorse Chassis Owner
Join Date: May 2017
Posts: 340
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Quote:
Originally Posted by DSL417
Crossed the continental divide from the West to the East in Montana. Price per gallon dropped from 2.69-2.79/gal to 2.24-2.27/gal in SD and Iowa. Back up to 2.59 in IN and 2.79 in NY. Most of these prices are within 100 miles of a refinery, so transportation costs suggest it is only an excuse. Mainline stations (Pilot, Loves, TA, FJ) all appear to average 0.25 to .45/gal artificially higher. My personal view - disgusting:(
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Taxes in the different states definitely affect the prices. NY has a very high gas tax. Here in jersey our gas price per gallon was 50-70 cents a gallon less than NY, until our governor tacked on a 23 cent tax increase earlier this year. Still cheaper than NY. 2.25 a gallon currently.
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Tim
2005 Winnebago Voyage 38J
2009 Nissan Versa
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06-17-2017, 09:23 PM
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#11
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Senior Member
Join Date: Apr 2013
Posts: 1,437
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2.89 in CA
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2022 Newmar Ventana 3717
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06-18-2017, 06:27 AM
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#12
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Senior Member
Entegra Owners Club
Join Date: Apr 2007
Location: SW FL
Posts: 31,732
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Quote:
Originally Posted by DeeGee
2.89 in CA
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Then Monbeam's 20˘ a gallon (stay out of CA) fuel tax goes in to effect this Nov. What a shame.
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Chuck in SW FL
Digital 2021 Cornerstone "B"
A "Digital" 2019 Cornerstone "B" Traded
A "Classic" 2014 Anthem 42 RBQ---Sold
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06-18-2017, 02:01 PM
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#13
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Senior Member
Join Date: Nov 2011
Location: Florida
Posts: 1,457
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Quote:
Originally Posted by brobox
Then Monbeam's 20˘ a gallon (stay out of CA) fuel tax goes in to effect this Nov. What a shame.
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I hope it works my wife wants to visit CA. (I want to stay clear)
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06-18-2017, 02:13 PM
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#14
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Senior Member
Entegra Owners Club Spartan Chassis
Join Date: Jun 2015
Location: Vacaville, CA
Posts: 354
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Quote:
Originally Posted by brobox
Then Monbeam's 20˘ a gallon (stay out of CA) fuel tax goes in to effect this Nov. What a shame.
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X2.... Disgusting!
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Bob & Anna Hutting
2016 Entegra Anthem 44B
2004 Jeep Liberty Limited - FMCA #343990
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