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Crude
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Jim
Posted 5/11/2025 10:13 (#11220837 - in reply to #11220784)
Subject: RE: Crude


Driftless SW Wisconsin

davy crockett - 5/11/2025 09:16 the lower crude prices aren`t showing up at the pump. in north iowa around $3 gas and $3.10 diesel. i don`t know who`s "greedy", the gas stations or the refiners. kum & go stations seem to be passing it off to consumers a little better with gas in the $2.50`s. they talk about crude needing to be in the $70s to be profitable or breakeven, but it`s like "packer margins in the red!!!" sure is taking them a long time to go broke. like some farmers "losing $1 bushel raising beans and a little less growing corn" yet everyone got a new planter... who paid for that, oprah winfrey? and when a farm sells it`s $15,000. cost of productions are kind of dynamic number.

Strange how price drop doesn't seem to be showing up at larger retail stations around here either.

OPEC recently decided to increase production. Demand is flat to lower for this time of year.



Edited by Jim 5/11/2025 10:13
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