Are low oil prices helping or hurting you?

[Hobbes]

Down another 4% today.

Interesting tidbit is gasoline futures are up very slightly ranging from $1.70 for September options to $1.40 for December contracts.

I heard gasoline is under $2.00 per gallon in okc, is this true?

I've seen e10 for just under $2 and the lowest I've seen pure gasoline is $2.10.
For some reason the non-ethanol gasoline has a wide pricing bracket.
I filled up at Murphy for $2.10 but the valero down the road was $2.63

 

[dennishoddy]

I've seen e10 for just under $2 and the lowest I've seen pure gasoline is $2.10.
For some reason the non-ethanol gasoline has a wide pricing bracket.
I filled up at Murphy for $2.10 but the valero down the road was $2.63

We have $2.56 for real gas at the casino. The Valero's don't want to compete, keeping their prices in the $2.67 area.

 

[Shadowrider]

One of the things about today is China dropped their exchange rate. Pretty much killed all the markets for the day because nobody saw it coming.


Sent from my iPad using Tapatalk

 

[reade]

Im Osage and a shareholder, been waiting patiently thru all of this BS. Income from Osage oil has been in my family from the beginnings of it in 1906, my grandfather and his family were original allottees, my grampa later inherited his parents shares which he passed down to us. Im 3rd generation headright holder. My mother, a retired banker and part time financial advisor to retirees, told me when I turned 18 and got my money to not ever rely on the oil income as my main income because of the up and down cycles she had seen since the 40s. She was right too about the cycles, and I never have relied on it, Ive always worked hard for myself and invested what extra money I have wisely and have saved like a miser to prepare for the thinner times, like we're in now.

You will have to ask Jake Waller to be sure but I understand to judge gave the tribe back it's sovereignty allowing them to once again negotiate business instead of the BIA doing it for you. I think this is a good thing myself. The tribe and the producers are at this time working together it seems and I hope will continue to. Again, I think this also is a good thing.

 

[nofearfactor]

You will have to ask Jake Waller to be sure but I understand to judge gave the tribe back it's sovereignty allowing them to once again negotiate business instead of the BIA doing it for you. I think this is a good thing myself. The tribe and the producers are at this time working together it seems and I hope will continue to. Again, I think this also is a good thing.

Ya a. Sounds good. I knew when we got the HPP settlement in 2011 that bad things would come later, and sure enough, it did. Now, the Nation and the mineral council seem at odds over control. Always something. At any rate, I always feel blessed to even be receiving the money. And the thought of us some day doing our own producing looks promising after their trip to visit the Utes program.... Thanx for the info.

(Tapatalk)- on the road.

 

[TwoForFlinching]

We have $2.56 for real gas at the casino. The Valero's don't want to compete, keeping their prices in the $2.67 area.

Ever since the station owners formed their own treaty, the gas wars in PC will never be what they used to.

 

[dennishoddy]

Im Osage and a shareholder, been waiting patiently thru all of this BS. Income from Osage oil has been in my family from the beginnings of it in 1906, my grandfather and his family were original allottees, my grampa later inherited his parents shares which he passed down to us. Im 3rd generation headright holder. My mother, a retired banker and part time financial advisor to retirees, told me when I turned 18 and got my money to not ever rely on the oil income as my main income because of the up and down cycles she had seen since the 40s. She was right too about the cycles, and I never have relied on it, Ive always worked hard for myself and invested what extra money I have wisely and have saved like a miser to prepare for the thinner times, like we're in now.

I saw the courts put a hold on the new regulations that were going to basically shut down production and drilling. Good news!

 

[dennishoddy]

Ever since the station owners formed their own treaty, the gas wars in PC will never be what they used to.

Since we only have one jobber in town that supplies gas, he pretty much controls the price. I leave town with just enough gas to get to I35 where its cheaper when on a trip that direction. The little town of Lamont Ok has gas 20 cents a gallon cheaper. Diesel too.

 

[Shadowrider]

Ya a. Sounds good. I knew when we got the HPP settlement in 2011 that bad things would come later, and sure enough, it did. Now, the Nation and the mineral council seem at odds over control. Always something. At any rate, I always feel blessed to even be receiving the money. And the thought of us some day doing our own producing looks promising after their trip to visit the Utes program.... Thanx for the info.

(Tapatalk)- on the road.

I know the Choctaw Nation took over theirs years ago. I called the BIA needing some info and they had turned over all the records to the tribe. Made things much quicker and easier.

 

[TwoForFlinching]

Since we only have one jobber in town that supplies gas, he pretty much controls the price. I leave town with just enough gas to get to I35 where its cheaper when on a trip that direction. The little town of Lamont Ok has gas 20 cents a gallon cheaper. Diesel too.

Same in Lawton. 25-30 cents cheaper than PC for the same 100%... 65-70 cents for e-10 crap