Page 1 of 1

Gas

Posted: Fri Apr 03, 2020 6:31 pm
by JeffStrom
Just amazing
20200403_155807.jpg

Re: Gas

Posted: Fri Apr 03, 2020 7:01 pm
by dufremle
Yep. Too bad the weather sucks.

Re: Gas

Posted: Fri Apr 03, 2020 7:19 pm
by fixxervi6
Yall may be happy to see those numbers, I'm not.

Re: Gas

Posted: Sat Apr 04, 2020 9:55 am
by JeffStrom
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.

Re: Gas

Posted: Sat Apr 04, 2020 10:14 am
by fixxervi6
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.