Posted on 04/05/2020 6:47:06 PM PDT by nickcarraway
I saw gas had dropped to 1.19 ca$h tonight.
Perhaps I should wait for a couple of days to stop by and squeeze in a couple of more gallons in to top it off for fun?
Believe me, or don’t believe me. Everything’s OK.
If you are hoping the Russians and Saudis will work together to help the American oil industry, you are going to be disappointed.
It’s $2.99 here.
It doesn’t matter. Oil has booms and busts. It always have and always will.
2.19 in NYC
Any traders got a good play on an ETF that follows oil?
I totally LOVED living in Calif. in the 70’s.
Of course gas was <$0.30/gal.
[And the roads were all smooooooth.]
It was great!
Thank GOD. This happened at the right time.
Simple. USO. Buy puts. They are very liquid and very cheap. I buy short dated puts one or two strikes out of the money. If you care to hedge, buy a couple calls same expy. Ive been playing that game for about a month, Real fun
Sorry, I don't trust unnamed source from CNBC.
Only down 6% tonight. Gas futures down only 3%. They both jumped 20% last Thurs after Trump’s annoucement.
Still $1.29 gal where I am in MI.
Lowest price in MI is...94 cents a gal!
Hey thanks man. I shall look into it
Thanks.
Not bottom picking yet though.
15 a barrel isn’t out of the question before a turnaround
maybe 20 is a base...but i don’t see an upside yet for at least a month or a whole bunch more
$20 oil is like a $200b (per year) stimulus package for the US. The Saudis should stick to their guns. It’s tough for the oil patch (and a good bunch of my personal energy investments that are deeply in the red), but it’s a real shot of adrenaline for the US and world economy.
How dated? I trade options and am terrified of oil. Give me a specific exp date if you would be so kind.
Gas was $1.57/gal. yesterday in Omaha.
I wanted to have my own Strategic Gasoline Reserve just so I could ...top it off!
I loved Jimmy Carters gas lines..MY boss and his wife had 3 cars that needed to be filled..Sooo,I was the lucky one who got to sit in a line for hours...Bring water,bring books a snack and great day ....So each day I filled a different car and thanks to jimmy Carter,got 4 weeks salary sitting in gas lines......
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