BCM Community

    Watching the news here in Indianapolis, there was a segment about the rise in fuel prices in the coming weeks due

   to the unrest  across the pond, What is the   average price of diesel  across the states?


   Steve 5B.....

In Virginia they are ranging anywhere from $2.87 ( in the south wast ) to 3.35 ( north east near DC ).  Any way you look at it , more than I like.......

Frank

Interesting that oil prices went up by almost 8% today.  That is quite the single day jump.

Oil prices had been going down slightly even during the whole Egypt crisis.

Diesel's almost $4 here in LaLa-land.   This means that last weekend's trip up to the high desert cost me about $0.50 a mile.   No bueno.   (And it snowed several inches overnight  -  I've never seen my engine make so much smoke the next morning when it started!)   Funny how the closer you are to the refinery, the more it costs . . .

John

Just wondering, how much oil does the US buy from Libya?

$3.42 here in NJ, nearer to the east coast refineries. No Joy.

The unrest in the middle east is just beginning and unfortunately may continue. This is not good, understatement of the year.

I am driving to Dayton later this week & taking the Escape due to the prices. (Free Marriott rooms weighed in on decision)

Quote from: Iceni John on February 21, 2011, 10:14:35 PM
Funny how the closer you are to the refinery, the more it costs . . .

John

Just wondering, how much oil does the US buy from Libya?

Kind of like seafood, closer you get to the bay, the higher the price, go out in the valley and it is cheaper.

Go figure?

BCO

Chevron Truck stop Rosenberg, Texas $3.65 and rising.  Glad I just french fried on by. ;D

here in central  Illinois is 3.49 at  shell

running on WVO  Priceless  :)

i even smile when paying the taxes for my fuel :) :)

I read yesterday that prices aren't espected to go up much because of ample oil and gasoline inventories and low demand in the US.

JC

I jus drove from Illinois to Alabama cost and didnt see fuel for under 3.53 a gallon cash price 3.62 credit

We import the vast majority of our oil from Canada so what does that have to with the middle east ? most of the oil we import is refined and shipped back to different countries very few refineries are owned by a American Co any longer the ones that are people complain they make too much money Israel owns about all of the West Tx and Utah refineries now what you are paying now is just the beginning. Chavez refines his oil here and ships every drop out to different countries like Iran, Cuba and others we pay over 3 bucks they pay .12 cents lol  



good luck

I refuse to worry about fuel prices.  There is absolutely nothing I can do to affect them, so I refuse to worry about them.  If fuel goes up, I guess I'll just have to pay more for it. 

Here, my US friends, your taxes are paying for it, might as well use it?

http://www.eia.doe.gov/oog/info/gdu/gasdiesel.asp (http://www.eia.doe.gov/oog/info/gdu/gasdiesel.asp)

happy coaching!
buswarrior

Quote from: luvrbus on February 22, 2011, 07:16:08 AM
We import the vast majority of our oil from Canada so what does that have to with the middle east ? most of the oil we import is refined and shipped back to different countries very few refineries are owned by a American Co any longer the ones that are people complain they make too much money Israel owns about all of the West Tx and Utah refineries now what you are paying now is just the beginning. Chavez refines his oil here and ships every drop out to different countries like Iran, Cuba and others we pay over 3 bucks they pay .12 cents lol  



good luck

(https://busconversionmagazine.com/forum/proxy.php?request=http%3A%2F%2Fi582.photobucket.com%2Falbums%2Fss263%2Fboxcarokie%2Fimages-1.jpg&hash=2dcb4e59bd9c7e8dc89e4b814550c7e276d8f4d3)

Clifford, I am working on a possible solution, have not run a mileage check as of yet, will let you know how it works out.

BCO

we paid $3.559 today for 90 gallons, per gallon.  in Lake Placid florida.

Just got back from Death Valley.  The best price here seems to be $3.81, and my wife says to run out and fill up before it jumps another twenty cents.

Quote from: buswarrior on February 22, 2011, 08:39:10 AM
Here, my US friends, your taxes are paying for it, might as well use it?

http://www.eia.doe.gov/oog/info/gdu/gasdiesel.asp (http://www.eia.doe.gov/oog/info/gdu/gasdiesel.asp)

happy coaching!
buswarrior

     Very good info, thanks for posting.

     Steve 5B........

I'm so busy at work that I can't get away to spend any diesel money anyways. When I do get a chance the last thing that bothers me is how much it might cost for fuel. When you are self employed you don't get no sick days/pto/ and 3 week vacations/Martin Luther King Days off.... PAID!

Oil is sold on a world wide market no matter where the fuel we put in our vehicle comes from.  It does worry me because I don't have unlimited funds and I take my bus to events that are at fixed locations.  I can't just go to a campground closer to home.

I didn't realize until I looked at that DOE site that it now costs more to refine diesel than to refine gasoline.

Just back from the truck rodeo meeting, and fueled the carat the Husky Truck Stop in neighbouring Mississauga Ontario.

Diesel at $1.14 a litre
times 3.78 for a US gallon
US and CDN dollars are almost at par...

$4.31 a gallon.

Quit your sniveling... :'( :'( :'( :'( :'( :'( :'(

happy coaching!
buswarrior

$3.35 in Eureka, Mt. today.

JC

Our last fill up in Florida was 3.75. It really affects us as we travel for work,as some of you do. If it keeps going up, there will be a lot for everyone to worry about. Not just our fuel, but the fuel to get products, food, etc to where we get it, and prices are going to get so bad, it will be hard for lots of folks just to survive. I hope and pray it doesnt get that bad, and not to be political here, but, things are not so bright there either.

ruthi, you best get some sort of fuel surcharge worked out, and fast.

Anyone whose income is tied to travel who doesn't include a variable fuel surcharge is asking to be run into the poor house.

Ask any trucker what happened before they wised up...

DEMAND IT, otherwise you are subsidizing the profits of someone else.

happy coaching!
buswarrior

$399.9 at local truck stop here in Connecticut on I84.

Does anyone check here before they stop for fuel. I know When I see a deal pop up I go out of my way to get it. Sometimes it is worth going and getting it in a 55 gal drum from places the bus does not fit into. http://www.gasbuddy.com/ (http://www.gasbuddy.com/)

Quoterunning on WVO  Priceless

Just hard to do on those long cross country trips. Enjoy WVO as long as you can, because supply and demand will eventually catch up with you, once everyone else decides to do the same. The early adopters will have benefited the most.

Well, I did not run out to buy diesel 2 days ago.  It has jumped 20 cents already.  There was a place selling diesel here for under $3.00, but I can't seem to find it anymore.

Quote from: Lin on February 24, 2011, 03:03:07 PM
Well, I did not run out to buy diesel 2 days ago.  It has jumped 20 cents already.  There was a place selling diesel here for under $3.00, but I can't seem to find it anymore.

Any place selling diesel for under $3 a gallon here in Minneapolis would probably have a constant line of vehicles fueling up.  Diesel prices locally are at $3.69 and up.

Neoplan AN440 6V92 ,  What do you mean by paying taxes on the wvo?

Quote from: buswarrior on February 22, 2011, 07:25:40 PM
ruthi, you best get some sort of fuel surcharge worked out, and fast.

Anyone whose income is tied to travel who doesn't include a variable fuel surcharge is asking to be run into the poor house.

Ask any trucker what happened before they wised up...

DEMAND IT, otherwise you are subsidizing the profits of someone else.

happy coaching!
buswarrior

This week I went into town to pick up some plastic, and when presented the bill, it was higher than expected (what a surprise eh?) so I asked them why.  He said that the reason the bill was some $9 higher was because of a "fuel surcharge out of Kansas City."  So I said, "Yeah, I just drove 18 miles into town to pick up this item and no one paid me a fuel surcharge." 

Long story short, I got them to remove it as they had not previously informed me it would be on the bill.

My trash company came out ONE TIME this month and I was billed $16.98 fuel charge on that.  It seems it is as you say, "everyone is getting on the bandwagon" and guess who is taking it in the shorts as usual.

"$399.9 at local truck stop here in Connecticut on I84."  .... Man, I hope that is a typo, if it isn't, we are dead in the water for sure.

BCO

My trash hauler has had a fuel surcharge applied since at least 2007.  I don't think it is anywhere close to $16 though.  It varies based on the cost of diesel.

Saw 3.99 here today in S.E. Mass.

just checked again its up again now...3.71 cash price at the local truck rest stop

Here in the cold country, 25 miles from the refinery, gas is 392.9/10 and diesel 408.9/10. Go figure.

Here in ID. 3.68 as of to day. Good for some one like me looking to buy a bus. Bad if I wont to drive it.

Tonight the news said that diesel in Los Angeles is over $4.00.........  :o

  It will go back down, but eventually these are the kinds of prices we should expect to pay, and then some.

Art, the scary thing is that traditionally it goes up in the summertime....... no telling what it will be

Quote from: happycamperbrat on February 25, 2011, 10:34:04 PM
Art, the scary thing is that traditionally it goes up in the summertime....... no telling what it will be

There are some really bad reasons why it does go up.

Quote from: happycamperbrat on February 25, 2011, 10:34:04 PM
Art, the scary thing is that traditionally it goes up in the summertime....... no telling what it will be

 It used to be that anyone making claims fuel was going to go up or down had as much probablity as the weatherman. It doesnt feel that way anymore. It seems whenever the news media goes all out to tell us it will be $5 by Memorial Day, it will be $5.


 If it does go up over $5 gallon, and stays there, you can stick a fork in us.

We are on a trip and have been in Nashville for about a week.  Truck stop prices are around 3.65.  Cheapest gas station diesel price on gasbuddy is 3.44.  Local secret:  I found a Kroger store with fuel and tanked up yesterday at 3.18, plus got another 10 cents off for our reward card, making 3.08 !!  Two days ago the station was 2.97 but I didn't get the bus over there fast enough.  Still, the best price around (the whole country) that I could find.  If anyone is around here, the store/station is just off Hwy 70 (Lebanon RD) and east of Hwy 155 near Opreyland.  Bus access is doable.  HTH

With the economy the way it is right now AND now all the unrest in the middle east........ Im pretty sure fuel will just continue to rise, maybe up to about 6.50 before it starts coming down... but I also think some enterprising company is going to come out with some kinda fix for our oil addiction, weather it requires a modification to our vehicles or a fuel substitute or whatever I dont know.. But Im kinda doom and gloom when it comes to this subject anyway, even in better times

Good for you Boomer!!! BTW that is the name of my very loyal doggy :)

Here in AZ the Smiths card( Kroger) also is good at all Shell stations I filled up Friday got 10 cents off for the Kroger card and 10 cents off for my Shell card and 8 cents for a RV cost me 3.09 a gal total fwiw Safeway has that also

good luck

If oil prices continue to skyrocket, driving the price of fuel beyond reach for the average consumer, I wouldn't be suprised to see another recession.  Especially if the price goes up and stays up for a long period.  Simple economics says that your extra cash will go to pay for fuel.  When that runs out then you start looking where you can cut back so you stop buying even more goods.  Less demand for goods equals less need for manufacturing causing businesses to cut back (think layoffs).  Those people that get laid off have even less money to spend so they cut back...and the cycle just continues.  Many on this site have said that $5.00/gal. is the break point where they will sell or park.  125 gal of fuel at $5 is $625.  A few fill ups at that price and the vacation money gets thin quickly.

QuoteI wouldn't be suprised to see another recession.

That's a given.

Our incompetent President's (more incompetent than Bush) no drill policy is working out great. We went from dumb to dumber and have no backup plan. Where are the solar panels that are now manufactured in China that are supposed to power my car? 

"another" recession? I didnt notice we got out of the last one, contrary to what some people in Washington would like us to believe.....

Hi
A good place to look is to go to the web site called gasbuddy it will let you look it up by state and city .Not only does it give fuel price's for our busses but also gives you fuel prices for our cars.

Quote from: trucktramp on February 26, 2011, 06:21:53 AM
Many on this site have said that $5.00/gal. is the break point where they will sell or park.  125 gal of fuel at $5 is $625.  A few fill ups at that price and the vacation money gets thin quickly.

At that price, who you gonna sell it to?  Not meaning YOU specifically, I mean who in general.  I just talked a guy out of buying a bus this very week for the same reasons you mention.  By the way, mine holds right at 225 gallons, and we put back $450 a month for our fuel fund, at this rate, one trip .... Say to the Cody meeting and back to Oklahoma ... and the fuel allotment for the entire year is used up.

Not very encouraging.

BCO

Ha! Gettin so you can't buy donut's and fuel at the same time :o  :D

Yup Van  when fuel was a buck per gal most places gave you a free cup of coffee with fill find those place now lol


good luck

3.95 in Citrus Heights this a.m.! :o

Grant

Who needs petroleum when we got wax?  http://www.instructables.com/id/Build-a-Coke-Can-Stirling-Engine/ (http://www.instructables.com/id/Build-a-Coke-Can-Stirling-Engine/)

  Cant we just get rid of the blue counties? That would solve about 90% of our troubles right there.

At $5 a gallon you should get vaseline.

vaseine? lol dont tempt me! actually bacteria looks promising ...... http://www.fastcompany.com/magazine/122/fueling-the-future.html?page=0%2C1 (http://www.fastcompany.com/magazine/122/fueling-the-future.html?page=0%2C1) it would be really cool if we could get it out of our black tanks too  8)

this sums it up for now...

Quote from: luvrbus on February 26, 2011, 09:00:26 AM
Yup Van  when fuel was a buck per gal most places gave you a free cup of coffee with fill find those place now lol


good luck

  When it was .25 they said howdy what can I do for ya, then washed (and wiped) your wndows, checked your oil and added, checked brake fluid and added, checked bug juice and added, checked your belts and adjusted or replaced if needed, topped off your radiator, checked and filled your tires, and said thanks, come back again. Today they snatch your money and throw your change at you without even looking up at you through their bullet proof glass.

Quote from: charlie on February 26, 2011, 08:11:35 PM
this sums it up for now...

Ah, you gotta love it, the American sense of humor!  That was cool. 

I can remember as a small child, my Mama and my Dad arguing in the front seat about "the high prices of motorfuel" while we were on vacation ... .18/.21 cents per gallon for high octane.

Just think one of these days you will find yourself saying ... "I can remember when gasoline/diesel was ONLY five dollars a gallon and dogs could not vote!  Those were the good ol days."

BCO

All this talk about fuel prices made me get my fuel logbook from the bus.  I think we forget that we have been through this before.

In 2008, we started out in Jan. paying $3.14, then the prices shot up and in July, we paid $4.69 (I saw several stations at over $5 but kept looking for a "better" price).  In Dec. we paid $1.99. 

Every time this subject comes up, we always get terrible predictions of what will happen in the future. 

In the mid '70 we endured fuel shortages and that was a very trying time.  Some folks predicted that we were close to exhausting the world supply.

When fuel first hit $3.00 lots of folks quit traveling.  We were vendors at the FMCA Convention in Charlotte  (middle of Lowes Motor Speedway) in 2006 and that was the first year that diesel hit $3.  FMCA had budgeted for over 7,000 motorhomes.  I checked my travelogue and the official attendance was 3015.

All of the above is intended to try to balance the "Chicken Little" thought process.  Yes, fuel could hit $5 and maybe it will stick.  History would suggest that the price will swing back to a better level when all the speculators get done playing.

I have to admit that all of the problems in the middle east are scary.  We just have to hope that things there will settle down and the new governments will provide stability.

Jim

Fuel will go above 5 bucks then level off at around 4 bucks you will probably never see 3 buck a gal fuel again JMO we in this country are ate up with dumb @$# putting ours and the grandkids future in the hands of foreign countries long live the Trump he has it right and I don't even like the guy lol I fueled our boat little over 2 months ago at 2.87 for 3000 gals today same fuel same location 4.03 gals big difference and the guy says it is only going higher



good luck

Fuel is going for around $3.65 a gallon now in the Charlotte NC area and still rising.

artvonne (Paul),

we still own a gas station. We used to be full serve. That is when we had big enough margins to pay staff to be out front coddling the customers. We had to give it up about 6 or 8 years ago because we could not afford it anymore. The business has changed: thin margins now, so you have to do more volume, and offer more in the store in an attractive way. There is almost as much or more profit now selling a cup of coffee, than in a fill up for a small car...

JC

Lower the price of diesel and I'll buy more coffee, okay.

Quote from: Lin on February 27, 2011, 12:11:48 PM
Lower the price of diesel and I'll buy more coffee, okay.

Oh my gawd ... You people are on a roll today ...

BCO

Checked this morning, and here, 25miles from the refinery, diesel $4.319, and reg gas, $3.989.     Billy

4.09 a gal today in BullHead AZ at the rv pumps 

good luck

Wasilla, Alaska  Regular $3.79,  Diesel $4.11 and we refine gas here!

Diesel $4.15  Seattle..

How come it is not OK to drill here but it is OK for everyone else to drill over there?

I was thinking about the absurdity of that earlier today!

They are drilling ... the consumers.

PICK OUT YOUR OWN "OIL EXCUSE" OR ADD ONE THAT YOU FEEL IS SUITABLE

OIL SPILL ... SOMEWHERE
WINTER STORM ...
SUMMER STORM ....
IT COSTS MORE TO MAKE IT NOW ...
TROUBLE IN _____ (PICK A COUNTRY)
ASK ME AGAIN LATER ...
BECAUSE I SAID SO ...

Will the last person to leave Detroit, please turn off the lites.

BCO

4.07 yesterday in Auburn, CA.  No telling what it is today.

Don and Cary
GMC4107
Neoplan AN340

BCO, add the current administration to you list. ;)

Quote from: Cary and Don on March 04, 2011, 03:40:24 PM
4.07 yesterday in Auburn, CA.  No telling what it is today.

Ah Bliss! That cheap eh? Try $6 in Australia, even more in Europe. Can't wait to get over there in July and start driving nice and cheaply.

I thought they were still blaming the last administration! ;D

I just got back from the grocery store and spent about 1/4th more then I would have a few weeks ago and bought the same stuff! Be careful out there, the world isa changin!

Central Florida - $3.49 gas & 3.95 diesel - yesterday.  Why is that again?  Why are we not drilling here? ???  

We can all migrate to Caracas, Venezuela where gas is .06/gallon.  No, that's not a typo!  .06 per gallon.

Rick

True Rick if you have a car or the six cents a gal to buy as most there don't sad part about that deal is most of his oil is refined in New Orleans then shipped back home or to Iran, Cuba and other places the guy is looney tunes last I heard from a friend there it was .12 cents


good luck

lurbus,

I'd gladly pay the .12cents.  Why does it not surprise me that it's refined here. :o  After all, we're all well to do americans with fat bank accounts, 3 cars and a bus.  :D

Rick 

Quote from: Barn Owl on March 04, 2011, 03:47:46 PM
BCO, add the current administration to you list. ;)

Okay, fair enough.  But someone needs to add OIL COMPANIES to this string or thread (whatever) as culprits, they have or play a big part in all this.  It just isn't inactivity by our government or political upheaval in countries most of cannot find on a globe.  

The lingering effects of the recent global recession amplify the impact of rising oil prices, since higher fuel prices affect the bottom line for families and businesses. In the past year, families have experienced a 13 percent and 17 percent increase in gasoline and fuel heating oil prices, respectively. Meanwhile, family incomes have stagnated.  

Oil profits however, are two thirds HIGHER than last year, which we all know was a banner year.

We are not in this alone, "Higher crude oil prices affect the economies of oil-importing nations like a tax increase ... transferring purchasing power from consumers of energy to producers." This could exacerbate economic problems in struggling nations such as Portugal, Ireland, Greece, and Spain.  We take a hit ... they take a hit ... round and round it goes.

Here in the United States:  A sustained $10 increase in oil prices would shave about two-tenths of a percentage point off economic growth. This increase would offset nearly a quarter of the $120 billion payroll tax cut that Congress had intended to stimulate the economy this year.  Higher oil prices would lead to lower consumer spending. This could smother the nascent economic recovery. Higher oil prices have already hiked food prices, we may have to forgo the Twinkies and The Ding Dong's in order to fuel the family truckster.

I am going to start buying it at the half-tank level, this is my way of coping with it, it alleviates some of the pain we all feel at the pump.  Won't make it any better ... Just easier to stomach.  This is the reality of being a petroleum whore with a fuel sucking monster for a hobby.

$3.65 a gallon, check with me in ten minutes ....


BCO

Rick pull into a Citgo and tell them you want the Chavez .12 cents a gal fuel lol  


good luck

Quote from: luvrbus on March 04, 2011, 05:18:24 PM
Rick pull into a Citgo and tell them you want the Chavez .12 cents a gal fuel lol  


good luck

The tree-house and subsisting on bananas in Belize, living off the grid, is starting to look better and better each day Clifford.

BCO

Boxcar, you also need to factor in the decline of the USD.   It's a double hit.    Dollar goes down, the oil prices rise.   If diesel hits $5 a gallon it's going to stomp out any gains in the economy.

Clifford,

Thanks for the laugh :D  ;D

Rick

Quote from: Zeroclearance on March 04, 2011, 05:27:38 PM
Boxcar, you also need to factor in the decline of the USD.   It's a double hit.    Dollar goes down, the oil prices rise.   If diesel hits $5 a gallon it's going to stomp out any gains in the economy.

Good point. 

Much like a lot of folks, I don't have all the answers, just a viewpoint.  There seems to be no one "definitive answer" to this dilemma wouldn't you agree?  We have no energy program, we have never had one, most likely will never see one in our respective lifetimes.  We need to start sending "businessmen" to negotiate for us and not politicians.  That would be a good start.  It is the kids, the grand kids, they are going to pay the horrible cost for all this in the end.

Thanks for your reply,

BCO

(Clifford, will your boat make it to Belize?)

Clifford, i see that the Smiths in Fort Mohave near Aztec Road has Diesel for $3.59  but the million dollar question is; can you get a bus and toad in and out of there easily? ;D

Sure can ED but watch that price of 3.59 not there my friend was 3.79 today with your Smiths card and points and was only good for 35 gals just enough for the pickup lol

Whoopee, it's come down here!   Now "only" $4.25, was $4.29 this morning.   Mind you, it was $4.05 last Monday.   Unfortunately the only gas station I can get my bus into is the most expensive one!   And there's no truck stops within at least 50 miles of here.   Too bad I'm not closer to Tijuana, otherwise I'd be filling at Pemex.   I think the Mexicans have the right idea  -  just nationalize the whole shebang.

John  

As much I abhor the prospect of 5 buck a gallon diesel, I'm sure happy my car is a VW tdi. I get 46 to 48 miles to the gallon with that thing. The bus, at 8 miles/ gallon, at $5 per gallon is 62.5 cents per mile in fuel costs alone. Ouch! I guess driving a house down the road at 60 miles per hour does have a cost.

I guess with this hobby you got to stay within that magic bubble--I like working on it. This was to be the summer where I had enough done to start doing road trips. Let's hope the Arab Revolution doesn't spread to Saudi Arabia.

Right now I am just working on my bus and praying. I am not doing any long trips unless they are to go get bio-diesel. By the time the Alaska trip rolls around in my sig below, I am praying I will be able to do it... It might behoove me and anyone else who wants to go, to go in together on a tanker truck hauling bio-diesel or our own diesel fuel just for the trip....

waynemcd - but at least you can see Russia from there  ;D

Boxcar - You're absolutely right - there is NO energy program - NO leadership on either side of the aisle - gas at less than $2 (save the environment) gas over $4 (drill baby drill) - The known US oil reserves are over 3 times that of the Saudis - So why are we looking to them to make up for the Libyan shortfall?

Quote from: niles500 on March 04, 2011, 11:29:42 PM
waynemcd - but at least you can see Russia from there  ;D

Boxcar - You're absolutely right - there is NO energy program - NO leadership on either side of the aisle - gas at less than $2 (save the environment) gas over $4 (drill baby drill) - The known US oil reserves are over 3 times that of the Saudis - So why are we looking to them to make up for the Libyan shortfall?

Thank you for that, it is so seldom I hear it, just ask her, she will tell you.  

Two of the biggest disappointments in life are:  

#1.  Wanting something that you do not have.
#2    Getting what you always wanted.

We have had it far too easy for way too long, but those days are now long gone, kiss 'em goodbye.  

By the way, the last I heard, Libya producing 1.5 million barrels per day, only supplies a paltry 2% of world demand, and most of their production is earmarked for the folks in Europe.  So in essence, "there isn't any shortfall" just more propaganda to make us bite the bullet and take it in the shorts once more.

BCO

As long as folks keep missing the biggest contributors to the current oil run up we will not see any long term change in oil policy.
The entire issue revolves around oil speculation which actually exposes the problem.
When anyone can speculate on oil futures therein lies the problem. By only allowing folks that can store the oil the opportunity to speculate on it's future we would in one fell swoop eliminate the fake runup tht are not based on projections of calamity and supply disruptions that have been fueling these wild short term price hikes. The part that makes this difficult is the#1 contributor to oil speculation is.... The hedge fund. Yep folks the biggest greedy animal in this is our preoccupation with 401k's. How would all of us with retirement funds feel about another huge devaluation of our beloved golden parachutes. Wall street will be the end of us yet.

  To much government bureaucracy. We only have 4 refineries to supply the entire US. One fire or explosion, or in the case of Katrina, and the system is immediately overloaded. There is no real reserve capacity.

  Not enough exploration and drilling to protect our own best interests.

  The people weve had running our country the last 25 years are idiots, elected mostly by more idiots. By idiots I refer to people who believe electric cars are zero emission vehicles, that wind mills will reduce the need for power plants, that turning food into fuel to power our cars will save the environment, and any other lame ideas they come up with.

  The only way we have a chance of digging out of the situation were in, is to start a massive construction buildup of nuclear reactors. But were at least 25 years behind now, and I see no discussion of starting anything anywhere on the horizon. Once we have true pollution free power, and we need an excess, we can really begin producing liquid Hydrogen on a massive scale. Thats the only way were going to wean ourselves off oil.

  And honestly, I dont see anything happening on the horizon except more of the same. Were blowing our economy and our entire way of life over rediculous environmental attitudes that have little to do with science and more to do with politics. When you have groups like the Sierra Club, Greenpeace, Save the Earth, and others, led by the Hollywood elite and people like Robert Redford and Al Gore, calling for a world population of 500,000 and an end to ALL farming and a return of all farm land back to nature, you should really start asking better questions. They arent at all interested in YOU being able to function tomorrow, they want YOU gone.

You are way off on the numbers of refineries in the USA Paul in Texas alone they have around 30

good luck

Hey you guys are short sighted!  So we pay $5 a gallon now. We use up all of their oil. Then we drill ours and pay $1-2 a gallon and charge them $100 a gallon.  ;D

Quote from: luvrbus on March 05, 2011, 06:01:33 AM
You are way off on the numbers of refineries in the USA Paul in Texas alone they have around 30

good luck

"We only have 4 refineries to supply the entire US."  Now that is amusing.  Oklahoma alone has five or six of them that I can readily think of.  Close but no cigar, these numbers came out of someones hat.

BCO

Oil is supposed to top 115 dollars a barrel by the end of next week fwiw


good luck

Don, no problem getting to Belize little over 5000 miles the kicker I called the marina in Belize fuel is a little over 10 bucks a gal I pay going you pay for the return trip 2000 gals @ 10 bucks that will work on Visa lol

good luck

Once the (private) Federal Reserve monetized our federal debt, the game was lost.  Overnight we lost something like twenty percent of the value of the money we had in our bank accounts, stocks, cash.  By adding billions of dollars to the money supply we all lost. 

  Now the multi-national oil companies are not idiots.  US. dollar value goes down, simple solution, raise the price.  What are we gonna do, quit driving?   JM

I paid 4.19/gallon at my cheapy station today-in L.A.  Good Luck, TomC

$3.89 today in Independence Ca.

Quote from: challenger440 on March 05, 2011, 09:03:00 AM
Once the (private) Federal Reserve monetized our federal debt, the game was lost.  Overnight we lost something like twenty percent of the value of the money we had in our bank accounts, stocks, cash.  By adding billions of dollars to the money supply we all lost.  

 Now the multi-national oil companies are not idiots.  US. dollar value goes down, simple solution, raise the price.  What are we gonna do, quit driving?   JM

I wince everytime I read posts about the media's knee-jerk reaction to the monetized debt initiative.  What is the alternative to the QEs-1, 2, and possibly 3 ?   


Mike

$4.05 in Ridgecrest, Ca today

  Sorry, guess I had my wires crossed. I had to go do some reading to try and see what it was I was trying to recall.

  What I found was that there is a shortage of processing, that there has not been a new refinery built since 1976, and that we are increasingly running beyond our capacity to process crude and are needing to have crude processed outside the US.

  Like everything else, between treehuggers blocking them entirely, people wanting beach front property, and cities wanting to turn the coastlines into tourist attractions, no one is seemingly able to get a bigger pipe through.

  I thought I recalled during Katrina, when a big refinery was damaged, the networks saying we only had 4 refineries, but obvioulsly I misheard something.

Quote from: happycamperbrat on March 06, 2011, 10:16:28 PM
$4.05 in Ridgecrest, Ca today

You ever go up to Bishop and Lone Pine?  Beautiful country up there, we were at Manzanara a couple of years back, that was kind of sad.

BCO

Just went with my son to pick up the grandkids from school here in Muscat Oman. The Shell down the street has diesel for .146 Rials per litter that works out to be about 1.43 a gal He said it has been that price for over a year and a half. I wonder what it would cost to ship the ole Eagle over here?  :)

Wayne

Quote from: rusty on March 07, 2011, 04:47:27 AM
Just went with my son to pick up the grandkids from school here in Muscat Oman. The Shell down the street has diesel for .146 Rials per litter that works out to be about 1.43 a gal He said it has been that price for over a year and a half. I wonder what it would cost to ship the ole Eagle over here?  :)

Wayne

I guess it would be alright, how do you feel an Eagle would do in sand?  Low ground clearance and all, better get them big ol fatboy tires on it first before you ship it over there Wayne.

BCO

Art - actually there is significant reserve capacity available - since the highest utilization rates of 1998, the reserve capacity has been increasing as refineries 'retooled' and increased their capacities at existing facilities - FWIW

http://www.eia.doe.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MOPUEUS2&f=M (http://www.eia.doe.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MOPUEUS2&f=M)

Mrs. Jones is parked with 200 gallons of Go Juice in her. Wow there,s a switch! A bus that is appreciating! :o :P ::) M&C ;D

Quote from: niles500 on March 07, 2011, 05:40:01 PM
Art - actually there is significant reserve capacity available -

 Maybe, but read this. in either case the answer is more complex than the question.

  http://www.msnbc.msn.com/id/6019739/ns/business-oil_and_energy/ (http://www.msnbc.msn.com/id/6019739/ns/business-oil_and_energy/)

I don't believe the low-capacity dodge.  If there was a shortage it would be obvious.  There is no problem getting all the fuel you want.  There is just the same rampant opportunistic gouging as ever.

  There isnt a shortage, but we are running close to current capacity. And as the report I posted is saying, not all refineries are working to produce the same percentages of various products.

  Then we have fuel being altered 100 different ways for certain cities, which really tangles it up.

Quote from: rusty on March 07, 2011, 04:47:27 AM
Just went with my son to pick up the grandkids from school here in Muscat Oman. The Shell down the street has diesel for .146 Rials per litter that works out to be about 1.43 a gal He said it has been that price for over a year and a half. I wonder what it would cost to ship the ole Eagle over here?  :)

Wayne

Maybe you could ship a 2000 gal tank of diesel back! ???
2000 Gal x 1.43=2,860 in Muscat Oman
2000 Gal x 4.79=9,580 in U.S.

Art - first, the article you noted was from 2004 - second, I most certainly would rely on the DOE figures over MSNBC or any "news" organization - we are currently no where near production capacity nor are we at any historical inventory lows - FWIW

Good point. My son is always shipping equipment back and forth in containers. Maybe he could fill up the extra space for Dad.

Wayne

Quote from: Lin on March 08, 2011, 08:25:46 PM
I don't believe the low-capacity dodge.  If there was a shortage it would be obvious.  There is no problem getting all the fuel you want.  There is just the same rampant opportunistic gouging as ever.

I most certainly have to agree.  If something is in short supply, then it goes up in value, keeping it off the market rigs the price to historical levels.  Last year, just outside of Davis, Oklahoma a bolt of lightning hit a storage tank at a refinery and it ignited the product inside which in turn created a rather spectacular fire that burned for a long time.  

The big story on the news for that day, small town, little refinery, most people could not find it on a map.

Now here is the kicker, this is what I found so interesting.  The tank in question had "28 feet" of diesel stored inside it, now if it is in short supply, what is a little po-dunk refinery in the middle of nowhere, doing with 2.5 stories of the material in storage?


Yesterday I went to town to purchase some enamel reducer for my trailer project.  What an eye opener that was!  I bought one gallon of medium dry reducer.




BCO

Alaska has 6 refineries, lots of oil, and we still pay the highest average prices in the country!!!!

There is a simple answer to reducing oil prices.  That is to require anyone purchasing oil futures to take delivery of that oil.  I think they could probably get 50,000 barrels in the basement of the new York Stock Exchange.

 The price we pay for a gallon of fuel, like a lot of other things we have to have, has very little to do with supply/demand/production costs. Production and distribution costs set a floor price for oil that is then padded by traders at the NYMEX, the New York Mercantile Exchange. The consuming public has been sold a bill of goods.
The price we pay for fuel, corn, wheat, soybeans,heating oil and a crapload of other stuff is not set by the producer or the distributor or the CEO of Shell Oil but by a bunch of greedy traders in a building in Manhattan called the New York Mercantile Exchange.
The old story about supply and demand setting the market price is BS. If you notice the price of everything you have to have (fuel, food)  will always go up over time. The price of TV's, cameras, computors and just about everything in Wal-Mart that is not a necessity will go down over time.
If every American knew how we are railroaded everyday by Wall Street there would be a revolution in this country.

It is cool here today, I am going to try and start a fire with my new box of Chinese Kitchen Matches that will not light, Oh wait a minute that is a little off subject...Time for another rant?? :(

Rick

2 days ago Iposted on this thread that diesel was $4.05 hmm, today it is $4.09

Checked this PM, reg gas 4.059 and diesel 4.359.