MEXICOWANDERER wrote:
I do not sweat twenty-five cents either. I sweat the TWO DOLLARS per gallon increase. Different income levels decree different emphasis on different points of logistics.
MUST it be pointed out that many countries have refined fuel prices far and away more expensive than the USA? Shale oil is premium stuff and if you believe anyone would suffer a huge loss of income because of "patriotism" I can only shake my head. The strategic oil storage would last perhaps three months and to jeopardize that cushion over a spike in oil prices is flat admitting no knowledge of how things work. Simple words to calm a jittery market and not one fluid ounce of petroleum reserves used or even threatened. Political word mastery at it's best.
Some of you have what -- a tendency to speak before you read, my assertions specified long term. For the short attention deficit disordered it means four days. It is meant for 4 months. Wait and see. Or does every motorhome sit on the driveway 100% filled? Or empty? Quicksilver tries to remain filled. When pump prices were ascending rapidly down here and before the swamp was bypassed and outages occurred weekly, I saved eight hundred dollars hard cash by purchasing optimally. Remember my life is micro finances, not self-described bigwheel.
In April 2020 we shall see
"How's the cake doing?"
"It's been in the oven ten minutes!"
"Well we SHOULD know something more than only THAT! by now"
Amazing. Simply amazing.
If your tanks remain filled, as you claim, you have no ability to time the market. If you expect the price to rise, you have no storage availability. If prices fall, you have tanks full of overpriced fuel.
No one knows where oil prices will go in the future. The geopolitical threats that drove crude futures skyward yesterday were alleviated today and prices for crude fell dramatically. Will those heightened threats keep crude high due to the potential for supply disruptions or will those same regional threats further dampen global economic conditions and lessen the demand for crude leading to lower prices? Will global climate change lead to a lower demand for heating oil in the northeast, lowering diesel prices or will New England have a cold winter which will cause shortages in fuel oil and propane leading to price spikes? Betting limited personal financial resources on the direction of fuel prices is a fool's errand.