Gas

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JeffStrom
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Gas

Post by JeffStrom » Fri Apr 03, 2020 6:31 pm

Just amazing
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dufremle
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Re: Gas

Post by dufremle » Fri Apr 03, 2020 7:01 pm

Yep. Too bad the weather sucks.
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fixxervi6
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Re: Gas

Post by fixxervi6 » Fri Apr 03, 2020 7:19 pm

Yall may be happy to see those numbers, I'm not.
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JeffStrom
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Re: Gas

Post by JeffStrom » Sat Apr 04, 2020 9:55 am

Unfortunately I , like most people, don't have a way to store and preserve 1000 gallons at those prices. I also saw diesel under $2.

While the demand side isn't looking to get much better in the immediate future, I think there will be some production cuts overseas. OPEC and the Russians appear to have problems sitting down at the table but apparently the US is getting involved as well. Production cuts from overseas are coming, but I can't say when. What is harder (for me, and I'm no expert) is predicting if the big gains for WTI in the last few days are just a temporary spike or represent the beginning of a recovery.
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fixxervi6
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Re: Gas

Post by fixxervi6 » Sat Apr 04, 2020 10:14 am

I think they are temporary, speculation based on new talks next week and the feds buying some for the reserve. No doubt they will cut production overseas, but we'll probably cut production too.
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