("Jim Burns" wrote)
Two weeks ago, the very day of the London terror threat announcement,
September Unleaded gas futures dropped 18 cents per gallon so I jumped and
bought 2 semi loads. I paid $2.789 which includes all of the fed and
state
taxes. Yesterday, the futures dropped 5-6 cents to close 14 cents lower
than the close the day 2 weeks ago... So I figure, time to buy again! I
had
room for one more semi load. I had to pay $2.762. Current NYMEX Sept
futures are $1.845 per gallon, the difference is basis, freight, and tax.

While the futures dropped 14 cents during the past two weeks, basis has
gotten very expensive and terminal prices only dropped 2.7 cents.


So, how does this all shake out for you?

How many gallons is a "semi" load?

"Room for one more semi load" means what, on your end - a physical or a
fiscal cap?

Curious.

What % of fuel use is:

Airline fuel?
Auto?
Trucks?
Other?
Heating oil?
Power plants?
Strategic reserves?

Thanks.


Montblack