The Think Tank

Oil Prices

Crude Oil prices vs. local heating oil prices
green-flame

  • Oil Prices today Aug. 17th, 2010 August 17, 2010Sue

    Well, unfortunately todays prices rose.  They started up overnight, and although they ended up down, it was down from their high on the day, not down from yesterday.

    Crude was up overal  24 cents, and home heating oil prices were up nearly 4 cents.

    Wrong way people.

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  • Oil Prices Today Aug 16, 2010 August 16, 2010Sue

    Geez, it has been a long while since I posted.  The prices have been going up, up, up, and it was just plain depressing.  I am sure you have all noticed that gasoline has risen steadily all summer.  The same was true of home heating oil.  There has been a lovely downward trend for the past week, maybe 10 days.  Today for the first time the price for a gallon of home heating oil is under $ 2,00.  Thank Goodness.  Hopefully at the close of the market today it will be down again.  The prices posted here reflect Fridays close and foreign trading, etc after our markets closed on Friday as well as the current trading prices.  I will try to amend the post this evening so the market price is current.  The home heating oil price will not reflect todays close until tomorrow, as usual.

    Larsen Oil 503 281 0003   200g 400g   closed today
    Pulliam Oil 503 564 4968   200g 2.54 400g 2.49 up  .09
    ——————————————————————————————————————————————————-
    6/04/10    Close 71.13 Crude   8/16/10   Close 75.20   up  3.22
    04/10    Close 1.9542 Heating Oil   8/16/10   Close 1.9505   up 3 .22

    Bear in minde, that the up reflects the difference from my last post which was very back in June.  My most hunmble apologies.  It is down 18 cents per gallon for home heating oil from Friday’s close  and more than a dollar on the crude barrel price.  Definitely the right direction, DOWN.

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  • June 7, 2010Sue
    Larsen Oil 503 281 0003   200g 2.39 400g 2.34 down .o7
    Pulliam Oil 503 564 4968   200g 2.45 400g 2.43 up  .04
    ——————————————————————————————————————————————————-
    6/04/10    Close 71.13 Crude   6/07/10   Close 71.98   down . 15
    6/04/10    Close 1.9542 Heating Oil   6/04/10   Close 1.9505   down  .0027

    The market was up and down today, ending at 9816.49, down 115.96. Crude closed down 15 cents and heating oil basically stayed the same.  Home heating oil ,on the other hand, dropped 7 cents per gallon at Larsen Oil,  and was up 4 cents at Pulliam

     I, for one, hope the price of oil continues to go down.  I would love to buy my winter oil for under 2.00 gallon.  Under one dollar a gallon would be even better. 

    Warm weather may be here for a day or two.  I sure hope so.  I am well and truly ready for some nice sunshine.

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  • Monday, June 4, 2010 Oil Prices Today June 4, 2010Sue
    Larsen Oil 503 281 0003   200g 2.43 400g 2.38 up .o7
    Pulliam Oil 503 564 4968   200g 2.49 400g 2.40 up .08
    ——————————————————————————————————————————————————-
    5/25/10    Close 68.01 Crude   6/04/10   Close 71.13   up 3.12
    5/25/10    Close 1.8717 Heating Oil   6/04/10   Close 1.9542   up .0825

    Prices rose a lot the past week,  fell alot today.  Down 326 today.  Still up from the end of May.  I, for one, am hoping for more price drops, and lowering oil prices.  The oil spill crisis,  the still crumbling economy, with the only jobs being added being part time temporary jobs many relating to the oil spill, there is absoulutely no reason for optimism and rising oil prices.  In my humble opinion.

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  • Tuesday May 25, 2010 Oil Prices Today May 25, 2010Sue
    Larsen Oil 503 281 0003   200g 2.36 400g 2.31 down .o5
    Pulliam Oil 503 564 4968   200g 2.38 400g 2.36 n/c
    ——————————————————————————————————————————————————-
    5/21/10    Close 68.01 Crude   5/25/10   Close 6801   n/c
    5/21/10    Close 1.8967 Heating Oil   5/25/10   Close 1.8717   down  1.025

    Well oddly enough, the prices did not fall too far today.  Strange as it was a volatile day for the market.  Some of the prices for crude were down as much as 2.00 and home heating oil was down nearly 6 cents at one point but after a wild ride the market climbed from down well over 200 points to 22 down and our precious oil prices did not change by much.  Hope for a larger drop tomorrow.

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  • Friday May 21, 2010 Oil Prices Today May 21, 2010Sue

    GoodAfternoon.  Well the market rallied today, closing up 126. 38.  Crude Oil went down again.  Home Heating oil rose , just barely.  Lets see what happens MOnday.

    Larsen Oil 503 281 0003   200g 2.39 400g 2.34 n/c
    Pulliam Oil 503 564 4968   200g 2.38 400g 2.36 n/c
    ——————————————————————————————————————————————————-
    5/20/10    Close 69.26 Crude   5/21/10   Close  6801   down     1.25
    5/20/10    Close 1.8910 Heating Oil   5/21/10   Close     1.8967   up        .0057

     I am uncertain why Pulliams price did not fall today. It certainly should have fallen.  And Larsens price remains the same because they were not anwering the phone today.  that is odd in itself.  Crude dropped today, you would think that would be reflected in the price on Monday.  We shall see.  Experts are predicting the markets to remain volatile until Europe gets a handle on their economic crisis.  I hope the price of oil continues to drop, as far as I am concerned that is a good thing.  Have a great weekend.

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  • Thursday May 20, 2010 Oil Prices Today May 20, 2010Sue

    well, the market fell over 376 points today, and good for us Crude oil and Home Heating OIl fell again also.  I hope it continues to drop.  If it gets nice and low we can all fill our home fuel tanks and breathe easily for the coming winter.   Given todays losses the price of home heating oil should drop again tomorrow.  I, for one, hope so.

    Larsen Oil 503 281 0003   200g 2.39 400g 2.34 down   .08
    Pulliam Oil 503 564 4968   200g 2.38 400g 2.36 down   .10
    ——————————————————————————————————————————————————-
    5/18/10    Close 69.42 Crude   5/20/10   Close  69.26   down     ,16
    5/17/10    Close 1.96 Heating Oil   5/20/10   Close     1.8910   down  .069
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  • Tuesday May 18,2010 Oil Prices Today May 18, 2010Sue

    30 years ago today, Mt St Helens blew her lid.  What a day that was.  Today is much calmer, less catclysmic.  The price of oil did fall again today.  Hooray!  Down is a very good thing.  The last time home heathing oil was this low (if you can call it low) was February.  I hope the price continues to drop.

    Larsen Oil 503 281 0003   200g 2.47 400g 2.42 down   .02
    Pulliam Oil 503 564 4968   200g 2.48 400g 2.46 down   .10
    ——————————————————————————————————————————————————-
    5/17/10    Close 70.50 Crude   5/18/10   Close  69.42   down  1.08
    5/17/10    Close 1.9966 Heating Oil   5/18/10   Close     1.96   down  .0366
    Continue reading →
  • Monday May 17,2010 Oil Prices Today May 17, 2010Sue

     okay  the prices continue to drop.  That is a good thing.  I hope the trend continues through the week.

                
    Larsen Oil 503 281 0003   200g 2.49 400g 2.44 down  .00
    Pulliam Oil 503 564 4968   200g 2.58 400g 2.55 n.c
    ——————————————————————————————————————————————————-
    5/14/10    Close 71.75 Crude   5/17/10   Close  70.50   down  1.25
    5/14/10    Close 2.0596 Heating Oil   5/17/10   Close     1.9966      down  .0626

     

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  • Friday May 14, 2010 Oil Prices Today May 14, 2010Sue
    Larsen Oil 503 281 0003   200g 2.58 400g 2.54 down  .01
    Pulliam Oil 503 564 4968   200g 2.58 400g 2.55 n.c
    ——————————————————————————————————————————————————-
    5/13/10    Close 74.10 Crude   5/14/10   Close  71.75   down  2.35
    5/13/10    Close 2.0764 Heating Oil   5/14/10   Close     2.0591   up  .0173

     

    Well, down again.  That at least is the right direction.  Hoping the trend continues.  Heating oil is not dropping as fast as crude which is infuriating, but predictable.  It rises fast if the price of crude goes up,  and drops very slowly indeed when the wholesale price of crude drops, or even plummets.  They will ring every nickel out of us that they can.  More on Monday.

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