Next week's gasoline prices... [Question]:

[Earth_First]

I drive a fleet vehicle during the day for a lawn & landscape company, so I fuel every morning. As a result, I become pretty amiable with the morning station manager, "Citgo Dan" he's called. Anyhow, we got to discussing next week's fuel prices, and he's stated that next week's fuel prices have already been earmarked for $4+/gallon.

My question is: how is it that they know gasoline prices a week ahead of time? Perhaps I know much less about this than I am lead to believe.

Thanks in advance!

[Tace]

1. What The Market Will Bear

Plain and simple.

[cynatnite]

2. OMG!

I can't answer your question, but if the prices go that high, we're screwed. I mean screwed. There's no way we can afford it. :cry:

Hubby's a truck driver and this would more than likely sideline him.

[Earth_First]

3. He drives a diesel truck I imagine...?

I've heard that major diesel production will be affected by a Texas Gulf Coast trajectory.

You're in our thoughts, sister.

[GreenPartyVoter]

4. Diesel is in big trouble, hon. *hugs* I hope you guys can find another way

to keep $$ coming into the house while things are unstable. :hug:

[htuttle]

5. If diesel is in big trouble...

...then the rest of us will have to figure out how to keep *food* coming into the house. We will all soon learn the drawbacks of 'just in time' retail inventory management...

[GreenPartyVoter]

7. Yep. I hear crop harvests could be minimal if diesal is short.

[htuttle]

8. Crops are probably safer on that account

Most farmers buy fuel on contract in bulk. They'll get fuel before the independent gas stations like QuikTrips do (which buy on the spot market).

However, as far as trucking that food to your grocery store -- now that's a bigger problem. Nobody keeps any inventory anymore. Everything is trucked in several times per week. Miss one or two trucks, and we're looking at bare shelves...

[GreenPartyVoter]

9. And since we live in the age of centralization, my tiny town has very

little here. Teh "grocery store" is really a convenience store. The hardware store and pharmacy are long gone.

You need anything the nearest "big" town is 20 minutes away. And to do really serious shopping you have to go 40 minutes.

[American Infidel]

6. Better invest in Big Oil

Because they're going to make a killing screwing over Americans, just like Enron did during the California Energy Crisis. Keep an eye on the income statements of energy companies. They'll probably say blow baby blow, instead of burn baby burn. Check out financial statements at, http://edgarscan.pwcglobal.com/servlets/edgarscan