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Bus Discussion => Bus Topics ( click here for quick start! ) => Topic started by: luvrbus on November 05, 2021, 05:52:31 AM

Title: Fuel Shortage
Post by: luvrbus on November 05, 2021, 05:52:31 AM
They are limiting fuel purchases here in Az now what the hell is going on,some stations are out of diesel fuel in Kingman,is that happening in other states.We are opening the border and now our friends from Canada cannot buy fuel it's BS   
Title: Re: Fuel Shortage
Post by: dtcerrato on November 05, 2021, 06:06:45 AM
Plenty of fuel down here in the Southeast we just paid 3.21/gal
Title: Re: Fuel Shortage
Post by: richard5933 on November 05, 2021, 06:14:49 AM
Same here as by Dan - plenty of fuel with no problems.

Perhaps the local supplier/distribution center by you is having problems with their system and/or can't find enough drivers to haul the fuel?

Is this problem at one station/brand or across the board in Arizona?
Title: Re: Fuel Shortage
Post by: luvrbus on November 05, 2021, 06:17:21 AM
Quote from: dtcerrato on November 05, 2021, 06:06:45 AM
Plenty of fuel down here in the Southeast we just paid 3.21/gal

Better stock up it will come that way a friend in SC says it is there now  in some areas,it will spread when they start diverting to other areas of the US  I-10 and I-40 are the life line for truckers and the food supply 
Title: Re: Fuel Shortage
Post by: Nova Eona on November 05, 2021, 06:25:58 AM
Across the entire planet our demand for oil is currently eclipsing our ready supply - shortages and supply oddities are going to be the norm for the next several months most likely before it corrects.
Title: Re: Fuel Shortage
Post by: dtcerrato on November 05, 2021, 07:20:29 AM
As long as we can make it to Alaska next year! :^
Title: Re: Fuel Shortage
Post by: luvrbus on November 05, 2021, 07:34:12 AM
Quote from: richard5933 on November 05, 2021, 06:14:49 AM
Same here as by Dan - plenty of fuel with no problems.

Perhaps the local supplier/distribution center by you is having problems with their system and/or can't find enough drivers to haul the fuel?

Is this problem at one station/brand or across the board in Arizona?

WI may not be a problem all their oil comes from Canada or did since there are no oil production or reserves in WI,if the few refineries there can produce enough for the demand I forget if the Marathon refinery is in Wi or MN  .Winter is coming fuel will be in short supply for awhile and should have never happen 
Title: Re: Fuel Shortage
Post by: Dave5Cs on November 05, 2021, 07:52:53 AM
Plenty in Kansas but it is $3.26 a gal.
Title: Re: Fuel Shortage
Post by: luvrbus on November 05, 2021, 07:57:57 AM
Quote from: Dave5Cs on November 05, 2021, 07:52:53 AM
Plenty in Kansas but it is $3.26 a gal.

Yea but Dorothy and toto left Kansas you better get ready for the ice storms big guy
Title: Re: Fuel Shortage
Post by: luvrbus on November 05, 2021, 08:13:54 AM
Quote from: richard5933 on November 05, 2021, 06:14:49 AM
Same here as by Dan - plenty of fuel with no problems.

Perhaps the local supplier/distribution center by you is having problems with their system and/or can't find enough drivers to haul the fuel?

Is this problem at one station/brand or across the board in Arizona?

Is fuel getting exspensive in WI I see your bus is for sale
Title: Re: Fuel Shortage
Post by: richard5933 on November 05, 2021, 09:20:18 AM
Quote from: luvrbus on November 05, 2021, 08:13:54 AM


Is fuel getting exspensive in WI I see your bus is for sale

No more expensive than elsewhere. I'd say that we're still cheaper than some areas.

Yes, my bus is for sale. Nothing to do with fuel prices and nothing specifically to do with the bus itself, more so with a few other issues in my life at the moment.
Title: Re: Fuel Shortage
Post by: luvrbus on November 05, 2021, 09:47:43 AM
Good luck on your sale and dealing with the people they can be a PITA
Title: Re: Fuel Shortage
Post by: windtrader on November 05, 2021, 10:11:22 AM
Quote from: Dave5Cs on November 05, 2021, 07:52:53 AM
Plenty in Kansas but it is $3.26 a gal.
Not missing Cal yet? Local prices for diesel are crawling to the five buck level, saw several at $4.99. Did not check if it was in stock though. lol


Seriously, high fuel prices generally put a serious damper on fuel-guzzling vehicles like our bus conversions and RVs but also in these insane times used cars sell for more than new prices, and prices being fetched at BAT are just looney these days.
Title: Re: Fuel Shortage
Post by: luvrbus on November 05, 2021, 10:54:43 AM
Quote from: windtrader on November 05, 2021, 10:11:22 AM
Not missing Cal yet? Local prices for diesel are crawling to the five buck level, saw several at $4.99. Did not check if it was in stock though. lol


Seriously, high fuel prices generally put a serious damper on fuel-guzzling vehicles like our bus conversions and RVs but also in these insane times used cars sell for more than new prices, and prices being fetched at BAT are just looney these days.

Lot of buses for sale now they are everywhere from Prevost to Gm's
Title: Re: Fuel Shortage
Post by: chessie4905 on November 05, 2021, 11:12:35 AM
yep, just saw a Prevost for sale on FB. Owner says he intends to fly instead.
Richard may be preparing for a Prevost in future.
Yep, the fuel prices will test the conversion owner resolve. Just like last fuel spike in  maybe 2008?
No problem for diesel in PA. Cliff, election over in AZ so they can resume screwing the public.🤣
Title: Re: Fuel Shortage
Post by: luvrbus on November 05, 2021, 11:19:42 AM
Quote from: chessie4905 on November 05, 2021, 11:12:35 AM
yep, just saw a Prevost for sale on FB. Owner says he intends to fly instead.
Richard may be preparing for a Prevost in future.
Yep, the fuel prices will test the conversion owner resolve. Just like last fuel spike in  maybe 2008?
No problem for diesel in PA. Cliff, election over in AZ so they can resume screwing the public.🤣

People buy fuel before PA so you should have plenty we get the CA truckers to escape the CA prices
Title: Re: Fuel Shortage
Post by: OKIE9ERS on November 05, 2021, 11:21:33 AM
plenty here on I40 in western Okla,
3.79 at Loves---.50 cheaper in town
Title: Re: Fuel Shortage
Post by: luvrbus on November 05, 2021, 11:26:58 AM
We are at $3.05 where I buy fuel I don't complain much but a $1.66 was better last year than $3.05.I don't really like use the Bio fuel so I pay a few cents more for the real stuff we have stations that offer both so I don't have to deal with Pilot and Loves   
Title: Re: Fuel Shortage
Post by: richard5933 on November 05, 2021, 11:29:29 AM
Quote from: chessie4905 on November 05, 2021, 11:12:35 AM
...Richard may be preparing for a Prevost in future...🤣

Only if it comes with its own driver and a prepaid maintenance account.
Title: Re: Fuel Shortage
Post by: luvrbus on November 05, 2021, 11:35:05 AM
Parts and Labor has gotten so exspensive now on anything.I always buy blower gaskets 6 at a time 2 years ago they cost $4.28 ea I ordered 6 last week and I had a runaway when they billed me $19.82 ea for blower mounting gaskets lol a friggn piece of paper.Jake brake tune kits up to $500.00 from $145.00 if you can find one, once they reach high prices you can forget about it going down 
Title: Re: Fuel Shortage
Post by: dtcerrato on November 05, 2021, 02:01:27 PM
Just finished a 1600 mile road trip. What's with Loves charging from .50 to .80 more per gal. of diesel?! Everywhere they were much more than their competitors in FL, GA, TN, SC, & NC... Wtf?
Title: Re: Fuel Shortage
Post by: buswarrior on November 05, 2021, 02:08:23 PM
Quote from: dtcerrato on November 05, 2021, 02:01:27 PM
Just finished a 1600 mile road trip. What's with Loves charging from .50 to .80 more per gal. of diesel?! Everywhere they were much more than their competitors in FL, GA, TN, SC, & NC... Wtf?

That's the retail price. The truckers with account cards are not paying that price.

None of these places are too worried about retail pricing with most of the fuel is going out on account.

All of us should have some form of fuel card, don't pay retail price at a truck stop!!!

Happy coaching!
Buswarrior
Title: Re: Fuel Shortage
Post by: luvrbus on November 05, 2021, 02:27:25 PM
At the RV pumps at Loves in AZ fuel is lower than at the trucks pumps without a card but still over priced with a fuel card here.This summer I used the talked about fuel card here at Loves and they gave me a whopping 11 cents a gal off their inflated prices lol but I didn't have to pay the got you 6 cents a gal for a credit card,that is the fee I dislike the most it is a big rip off for profit.I can do a lot better with my Shell,Texaco and Maverick credit card than a fuel card at Loves or Pilot   
Title: Re: Fuel Shortage
Post by: richard5933 on November 05, 2021, 04:00:51 PM
Quote from: luvrbus on November 05, 2021, 02:27:25 PM
At the RV pumps at Loves in AZ fuel is lower than at the trucks pumps without a card but still over priced with a fuel card here.This summer I used the talked about fuel card here at Loves and they gave me a whopping 11 cents a gal off their inflated prices lol but I didn't have to pay the got you 6 cents a gal for a credit card,that is the fee I dislike the most it is a big rip off for profit.I can do a lot better with my Shell,Texaco and Maverick credit card than a fuel card at Loves or Pilot   

To get the benefits out of a fuel card you have to buy fuel at the places where they've negotiated the best price. Right now Loves is not giving much discount for the TSD card, but I believe TA is. They have an app that shows the discount pricing.
Title: Re: Fuel Shortage
Post by: dtcerrato on November 05, 2021, 04:36:51 PM
Unless Loves or TA among other brands are giving .50 to .80 per gallon discount - it's better just to stay away from them. While I was pumping at Circle K for 3.39/gal I was talking to a local who told me to go 5 mi. down the freeway to a QT that it was the cheapest diesel in the area. When I pumped my 1st $100 pump limit I moved on to the unadvertised QT for the next two $100 pump limit for 3.21/gal. That saved me $36! Glad I talked to a local! Geeze... Meanwhile.Loves & TA's prices are in the 3.80s - BS!  >:(
Title: Re: Fuel Shortage
Post by: Van on November 05, 2021, 04:57:20 PM
No shortage of diesel here Clifford,$3.32 a gallon. Have you seen the price of Shop Towels lately? Unreal! Glad I told them where they could stuff theirs. ::)
Title: Re: Fuel Shortage
Post by: tr206 on November 05, 2021, 05:02:48 PM
Maybe it's time lets go Brandon should let the U.S. oil producers produce again and get the pipeline finished too.
Title: Re: Fuel Shortage
Post by: luvrbus on November 05, 2021, 05:18:20 PM
Quote from: Van on November 05, 2021, 04:57:20 PM
No shortage of diesel here Clifford,$3.32 a gallon. Have you seen the price of Shop Towels lately? Unreal! Glad I told them where they could stuff theirs. ::)

Yep $.14 each lol
Title: Re: Fuel Shortage
Post by: luvrbus on November 05, 2021, 05:23:27 PM
Quote from: dtcerrato on November 05, 2021, 04:36:51 PM
Unless Loves or TA among other brands are giving .50 to .80 per gallon discount - it's better just to stay away from them. While I was pumping at Circle K for 3.39/gal I was talking to a local who told me to go 5 mi. down the freeway to a QT that it was the cheapest diesel in the area. When I pumped my 1st $100 pump limit I moved on to the unadvertised QT for the next two $100 pump limit for 3.21/gal. That saved me $36! Glad I talked to a local! Geeze... Meanwhile.Loves & TA's prices are in the 3.80s - BS!  >:(

I like QT truck stops they are from Tulsa Ok they have their own credit cards too.the guy that owns 1/2 of QT was my insurance agent for years lol and he still sells insurance and is worth millions now
Title: Re: Fuel Shortage
Post by: chessie4905 on November 05, 2021, 05:54:27 PM
If you have a Cintas location, at least here, they sell used rags at so much per pound. They have been cleaned along with all the rest and damaged are sorted out. Check it out.
Title: Re: Fuel Shortage
Post by: richard5933 on November 05, 2021, 06:44:36 PM
Quote from: dtcerrato on November 05, 2021, 04:36:51 PM...Meanwhile.Loves & TA's prices are in the 3.80s - BS!  >:(

Dan - don't look at the retail prices on their signs. You've got to get a discount card and look at the negotiated prices on the app. With the TSD card I can usually save about $0.50/gal at TA off their sign price.
Title: Re: Fuel Shortage
Post by: dtcerrato on November 05, 2021, 07:21:14 PM
Quote from: richard5933 on November 05, 2021, 06:44:36 PM
Dan - don't look at the retail prices on their signs. You've got to get a discount card and look at the negotiated prices on the app. With the TSD card I can usually save about $0.50/gal at TA off their sign price.
Rich that part I understand. What's BS IMO is when the price is inflated then a middle man discount card has to get in the equation to come to a reasonable price like QT in this case sells it for w/o a discount. WTF! rant over.
Title: Re: Fuel Shortage
Post by: buswarrior on November 05, 2021, 08:18:46 PM
Dan, you've got it backwards.

Why are they bothering to put these prices on the pump at all?

Nobody is paying that price, except the uninformed... and the guys who lost or max'd out their company fuel card

The fleet I was working for recently, had a set price for the fuel. no matter which of that brand's stations we attended, same price. The taxes take care of themselves with IFTA for the commercial peeps. That flavour of fuel station, we were usually around 15 cents per litre under the pump price. US gallon is 3.78 litres, the exchange rate today is $1.25, so about US .45 cents per gallon. Fleet runs about 35 trucks long haul full time.

Nobody but the civilians are paying any attention to the numbers on the pump, they are meaningless.

Whoever consumes more fuel, gets a better rate. Hitching a ride on volume discounts makes for some savings. Those discounts aren't being handed out for nothing.

happy coaching!
buswarrior

Title: Re: Fuel Shortage
Post by: richard5933 on November 06, 2021, 03:21:20 AM
Quote from: dtcerrato on November 05, 2021, 07:21:14 PM
Rich that part I understand. What's BS IMO is when the price is inflated then a middle man discount card has to get in the equation to come to a reasonable price like QT in this case sells it for w/o a discount. WTF! rant over.

I'm sure that it has everything to do with the convoluted way companies report profit/loss in the US.

I'm also sure that if QT was setup to service large fleets they'd be doing something similar.

Fuel pricing in the US is an odd duck. One of the industries that operates largely on prices negotiated behind closed doors while they continue to advertise a retail price which is much much higher.

Actually, nearly everything in the trucking world seems to have odd pricing structures. Have you ever tried to understand how freight pricing is calculated? When I ran my wood shop it was a series of endless frustrations trying to understand how freight companies were charging me for LTL shipments. It wasn't until I got put in touch with a company rep and got an account set up that I realized how severely they overcharge mere mortals for freight. Get an account and suddenly you pay 80% less on many shipments.
Title: Re: Fuel Shortage
Post by: luvrbus on November 06, 2021, 04:31:53 AM
Quote from: richard5933 on November 06, 2021, 03:21:20 AM


I'm also sure that if QT was setup to service large fleets they'd be doing something similar.


Quick Trip is setup to serve large fleets at their truck stops and do play the same silly game as TA,Pilot and Loves.To me it makes no sense when you can buy diesel at the front pumps cheaper than you can at the truck pumps at Quick Trip with the cards.The fuel is lower priced on the truck prices than the others most of the time and they take most of the fuel program cards if not all.Circle K plays the same game at their truck stops too
Title: Re: Fuel Shortage
Post by: buswarrior on November 06, 2021, 04:46:57 AM
Variation due to the local tax structures also is in the mix.

Tax on heavy or commercial added at the back pumps, not on the front pumps.

Federal, state, county, town, all can put taxes in some jurisdictions, and lay them against whichever, whatever they have decided gets to pay.

There are jurisdictions in which fleets forbid their drivers to buy fuel, because of the tax structure.

There used to be a few printed trucker guides that had all the tax info in them, they let you figure out where to plan to get the cheapest fuel cost, IFTA balances the taxes, or for us RV types, we could choose the lowest overall combined price, as we don't have any way to get out from under the taxes.

For instance, back then, Toronto to Arcadia, wait to fuel until Buffalo NY, cheaper US fuel, run to Wytheville Va, cheapest fuel tax jurisdiction on the trip, fill it again in Brunswick GA, the FL taxes added 25 cents a gallon in those days, put as little fuel as possible in FL, get clear, do the same in reverse to get home. Accumulate free showers at Flying J, when the onboard shower facilities are lacking.

Anyone know if there's a fuel tax table like those anywhere? We can dream of wandering around again...

Happy coaching!
Buswarrior
Title: Re: Fuel Shortage
Post by: luvrbus on November 06, 2021, 04:59:31 AM
There is nothing you can do about the price of fuel except shop to save a few bucks you buy it or stay home .It get confusing in OR when you see a posted price then they add $.25 a Gal because you are RV and here in Az they discount $.08 a gal for RV's.I don't shop were they add 5 or 6 cents a gal for credit cards the $.35 one time charge I can live with 
Title: Re: Fuel Shortage
Post by: Tedsoldbus on November 06, 2021, 02:54:03 PM
When I went to Indiana even the truck stops were 4 a gallon and I needed some! Rat bastards. It was a Saturday. Coming home on Tuesday everybody had dropped prices. Paid 3.45 a gallon in Indiana at a corner store. Took on 100 gallons and ran all the way home. In N Ga right now it is 3.30 and no shortage.
Title: Re: Fuel Shortage
Post by: chessie4905 on November 06, 2021, 05:07:22 PM
I read an article this summer that some, many stations can electronically change (raise)prices quickly to take advantage of weekend and holiday travel.
Title: Re: Fuel Shortage
Post by: richard5933 on November 06, 2021, 05:23:03 PM
Quote from: chessie4905 on November 06, 2021, 05:07:22 PM
I read an article this summer that some, many stations can electronically change (raise)prices quickly to take advantage of weekend and holiday travel.

Wisconsin stations are limited by law to only one price change a day. They almost all use electronic price boards and machines though, and they can change things very quickly when they want to.
Title: Re: Fuel Shortage
Post by: luvrbus on November 07, 2021, 05:45:53 AM
Fuel prices vary with the bio content it comes in B5,B10.B15 and B20  and B25 is on the way.I pay more for pure diesel because my engine likes it better and it improves the fuel mileage,it doesn't cost me that much more since I don't add the fuel additive I do with the bio fuel that Cummins recommends using bio fuel 
Title: Re: Fuel Shortage
Post by: chessie4905 on November 07, 2021, 06:13:45 AM
I ended up passing up a couple stations with best price because of only selling bio diesel. Might work in the Duramax ok, but wasn't  wanting to risk it on trip. I did notice that No Mobil stations sold it.
Title: Re: Fuel Shortage
Post by: belfert on November 11, 2021, 01:43:00 PM
A number of states, Minnesota included, require the blending of biodiesel into the diesel sold at the pumps.  I have run at least a few thousand gallons of biodiesel blend through my Series 60 and not yet aware of any issues from doing so.
Title: Re: Fuel Shortage
Post by: luvrbus on November 11, 2021, 01:55:10 PM
Quote from: belfert on November 11, 2021, 01:43:00 PM
A number of states, Minnesota included, require the blending of biodiesel into the diesel sold at the pumps.  I have run at least a few thousand gallons of biodiesel blend through my Series 60 and not yet aware of any issues from doing so.

You can buy both at most places in the West pure diesel is 5 to 6 cents a gal more that the Bio mix, your 11.1 series  60 calls for no more 5% bio fwiw
Title: Re: Fuel Shortage
Post by: freds on November 12, 2021, 09:41:59 AM
Tax wise you definitely want to fill up in Arizona before crossing into California as it jumps thirty cents a gallon.
Title: Re: Fuel Shortage
Post by: luvrbus on November 12, 2021, 10:59:32 AM
Quote from: freds on November 12, 2021, 09:41:59 AM
Tax wise you definitely want to fill up in Arizona before crossing into California as it jumps thirty cents a gallon.

Were I live the fuel in Needles CA is $5.60 a gal in AZ fuel is bumping $3.80 a gal at the stations close to Needles but you can buy it for $3.10 at Bullhead City 15 miles N of the CA border
Title: Re: Fuel Shortage
Post by: windtrader on November 12, 2021, 12:36:16 PM
That 30 cents just got tacked on the past two years or so. I'm seeing diesel bumping on 5 bucks a gallon. Premium is now over that line. I'm riding my Ebike everwhere now. lol
Title: Re: Fuel Shortage
Post by: luvrbus on November 12, 2021, 01:43:10 PM
Oil has been on the downside for 3 weeks dropping a few a dollars a barrel and prices are getting higher at the pump. Hang on it will hit a $100.00 a barrel then you have $6.00 fuel for your summer travels.I feel for the people with a variable rate loan on a house they are getting ready for a hit the interest rate is going to go up and will for months trying to stop the runaway train named inflation   
Title: Re: Fuel Shortage
Post by: richard5933 on November 12, 2021, 01:50:49 PM
Interesting read...

Based on this chart, I seriously doubt we'll see average fuel prices anywhere near $6/gal. Probably we'll see high prices in select markets, but not as a national average.
Title: Re: Fuel Shortage
Post by: chessie4905 on November 12, 2021, 03:09:53 PM
Finally got to try my Gas buddy card. Didn't show any discount at my usual fuel source. On gasoline. Got an invoice via email next morning. 28 cents  per gallon off. Now to try on diesel for truck. Will report when I do it.
Title: Re: Fuel Shortage
Post by: luvrbus on November 12, 2021, 03:34:52 PM
Richard that is 3 year average chart it is useless tracking oil prices ,a lot of us here were around 14 years ago when crude went from $46.00 to $145.00 a barrel, it was nothing to cost us a $1000 + buck to fill our buses.Now you have higher wages and more regulations to refine the oil,watch it the 1st bad cold snap that hits the east it will jump in price.I seldom buy oil,I did buy some future's when it was @$45.00 but I will buy units of diesel fuel it can move in a hurry both can be risky you win or you lose   
Title: Re: Fuel Shortage
Post by: luvrbus on November 12, 2021, 03:39:56 PM
Quote from: chessie4905 on November 12, 2021, 03:09:53 PM
Finally got to try my Gas buddy card. Didn't show any discount at my usual fuel source. On gasoline. Got an invoice via email next morning. 28 cents  per gallon off. Now to try on diesel for truck. Will report when I do it.

Is that the Gas Buddy credit card John or another program ? I got $1.00 off at Smiths today 35 gals is all I could get so I left and went to my regular fuel stop it was $3.15 today it was 50 cents better than Smiths regular price
Title: Re: Fuel Shortage
Post by: richard5933 on November 12, 2021, 05:31:09 PM
Unleaded dropped to $2.89 today. Used to be we were above the national average, but not now. Diesel at the retail local pumps is around $3.25
Title: Re: Fuel Shortage
Post by: chessie4905 on November 12, 2021, 05:39:25 PM
that was the regular free Gas Buddy card. During setup, you link to a bank account number. Money is directly withdrawn at use. They also offer an extra cost card with a larger discount. Either one, there are some fuel quantity limits you should read so you understand it. I used it at our local Sheetz. With Sheetz credit card discount is 5 cents and loyalty  and is 3 cents. Neither can be used along with a Gas Buddy card. Wish I had the card before our trip out west. Would have saved significant money, as fuel bill was little over 6000 dollars and 24k miles.
Title: Re: Fuel Shortage
Post by: luvrbus on November 12, 2021, 05:50:41 PM
Quote from: richard5933 on November 12, 2021, 05:31:09 PM
Unleaded dropped to $2.89 today. Used to be we were above the national average, but not now. Diesel at the retail local pumps is around $3.25

Funny how the system works states with no reserves like WI and AZ fuel is cheaper than states with refineries and huge reserves,we have 5 refineries in AZ but all the oil come from Texas and New Mexico.We just hope the government doesn't shut the pipe lines down,one had a small leak in the desert and with the coverage you thought the world was ending   
Title: Re: Fuel Shortage
Post by: windtrader on November 12, 2021, 11:30:50 PM
Well, the entire issue hardly matters because everyone these days seems fine with paying hyper inflated prices on everything. Gas is just one thing that has jumped, we are all used to seeing this happen before. What seems different this time are prices on used cars selling for new prices, real estate prices shooting up, etc, etc, And of course, the stock market continues into uncharted territory. And bankrupt companies now being valued in the billions like GameStop and many more. To me this is more insane than the internet boom and bust as the insanity is so much more widespread. Makes me more concerned this time that it's going to crash harder as there is no room to cut rates or print more money.


The one indicator that I keep my ear to is what is known as "demand destruction". As long as people keep paying and buying it'll keep afloat but when people finally decide enough is enough,no longer able to afford to keeping buying, decide it's time to stop pulling out the credit cards, then it will crash hard.



Title: Re: Fuel Shortage
Post by: windtrader on November 12, 2021, 11:31:55 PM
Quote from: windtrader on November 12, 2021, 11:30:50 PM
Well, the entire issue hardly matters because everyone these days seems fine with paying hyper inflated prices on everything. Gas is just one thing that has jumped, we are all used to seeing this happen before. What seems different this time are prices on used cars selling for new prices, real estate prices shooting up, etc, etc, And of course, the stock market continues into uncharted territory. And bankrupt companies now being valued in the billions like GameStop and many more. To me this is more insane than the internet boom and bust as the insanity is so much more widespread. Makes me more concerned this time that it's going to crash harder as there is no room to cut rates or print more money.

The one indicator that I keep my ear to is what is known as "demand destruction". As long as people keep paying and buying it'll keep afloat but when people finally decide enough is enough,no longer able to afford to keeping buying, decide it's time to stop pulling out the credit cards, then it will crash hard.



Smart money is already cashing out, Buffet has something like 150 billion in cash.
Title: Re: Fuel Shortage
Post by: chessie4905 on November 13, 2021, 04:30:59 AM
yeah, I remember many years ago when the Fed jacked interest rates to end the inflation spiral. Mortgage rates over 12%. Course I was pretty young at the time. Thought rates would never drop to the numbers of last several years.
Title: Re: Fuel Shortage
Post by: richard5933 on November 13, 2021, 04:38:08 AM
Quote from: chessie4905 on November 13, 2021, 04:30:59 AM
yeah, I remember many years ago when the Fed jacked interest rates to end the inflation spiral. Mortgage rates over 12%. Course I was pretty young at the time. Thought rates would never drop to the numbers of last several years.

Interest rates affect different people differently. I remember a day when you could get enough interest earnings on your savings to not have to take a chance with the stock market to keep up with inflation. The situation we have right now with banks getting money from the Feds for free is not helping the situation any more.

Last I looked, my money in the bank was earning 0.02 percent. That's 2/10's of 1 percent. In other words, nothing.

Millions of people used to rely on their interest earnings on their savings to take them through retirement. Now they have to put that money in the stock market and risk losing everything.

Sure, raising interest rates would calm an overheated real estate market too. But it would be at the cost of first time buyers struggling to get a mortgage. Home prices would drop though, so others would be helped.

The whole thing is given and take, but the economy overall likely needs them to go up from zero.
Title: Re: Fuel Shortage
Post by: luvrbus on November 13, 2021, 06:39:42 AM
Interest rates have been low not for people but for our government borrowing,Your Social Security Trust is a joke the only thing it can invest in are the useless treasury bonds which will give a 1.4% return in 10 years.I miss the days when banks would sell a 1 year CD with a good return of 3 %.Like Don said it going to hit and is not far off the train is on the track wide open with no engineer.We are ok but the future generation is in deep $#!%.Our place in Scottsdale has doubled in value in 4 years so have the taxes if we sold it today we couldn't replace it for the same money in a week.Americans are in for a rough ride     
Title: Re: Fuel Shortage
Post by: richard5933 on November 13, 2021, 06:45:04 AM
Quote from: luvrbus on November 13, 2021, 06:39:42 AM
Interest rates have been low not for people but for our government borrowing,Your Social Security Trust is a joke the only thing it can invest in are the useless treasury bonds which will give a 1.4% return in 10 years.I miss the days when banks would sell a 1 year CD with a good return of 3 %.Like Don said it going to hit and is not far off the train is on the track wide open with no engineer.We are ok but the future generation is in deep $#!%.Our place in Scottsdale has doubled in value in 4 years so have the taxes if we sold it today we couldn't replace it for the same money in a week.Americans are in for a rough ride     

Rather gloomy outlook you've got.

We've been here before. We got past it. We'll get past it again.
Title: Re: Fuel Shortage
Post by: luvrbus on November 13, 2021, 07:01:33 AM
Dream on it going to take years,you cannot use fuzzy math and keep printing money to spend you don't have
Title: Re: Fuel Shortage
Post by: chessie4905 on November 13, 2021, 08:05:57 AM
Richard, we'll  remind you of that when the s#@t hits the fan. Just don't  jump out of a window when it happens, unless it's  on the first floor.lol
Title: Re: Fuel Shortage
Post by: richard5933 on November 13, 2021, 09:34:40 AM
It's hit the fan before. Lots of it and hard. Like I said, we got past it then and we'll get past it again.

Not sure what all the gloom and doom does to help anyone?

I'm not saying there aren't problems, not at all. Just that aside from all the social media crap out there playing it up into something bigger than the last time it's just the same old problems coming around again. Economies are cyclical, and we're no exception.
Title: Re: Fuel Shortage
Post by: luvrbus on November 13, 2021, 10:56:33 AM
Where do you get gloom and doom from ? at my age I have lived through this you call gloom and doom before we never got over it since LBJ
Title: Re: Fuel Shortage
Post by: belfert on November 13, 2021, 01:47:41 PM
Quote from: luvrbus on November 12, 2021, 01:43:10 PM
Oil has been on the downside for 3 weeks dropping a few a dollars a barrel and prices are getting higher at the pump. Hang on it will hit a $100.00 a barrel then you have $6.00 fuel for your summer travels.I feel for the people with a variable rate loan on a house they are getting ready for a hit the interest rate is going to go up and will for months trying to stop the runaway train named inflation   

I think anyone who still has a variable rate home mortgage is crazy.  You're taking a huge risk that your payment will skyrocket.

I made a stupid decision once to take out an interest only HELOC that I had to make principal payments on after a certain number of years.  I wanted to sell my house so I figured the loan would be paid off long before the interest only period ended.  2008 hit and I tried to sell my house, but no offers in six months so I gave up.   I finally tried to sell my house again 2014 and was successful.  I was within a year of needing to start making principal payments on the HELOC.  I would have been eating Ramen noodles and not funding my 401K to make the new payments.  I won't ever make that mistake again.  My financial position is much better now with lower expenses and higher income.  The new house is less expensive and my property taxes are about half.
Title: Re: Fuel Shortage
Post by: Tedsoldbus on November 13, 2021, 02:29:16 PM
My wife is a Realtor. These days have been very good for us, but our friend who is a pro money manager says that though low interest rates keep people buying, her historical data says that when the repo rate hits 4 or 5%, the market "adjusts". It is at 2 right now. My first house in 1984 was at 13%. When it went below 10 we were dancing in the streets, It is still amazingly low when you think about it. Rita has people that offer cash quick close to get a home in this market, but then hustle to get a loan before closing because it is still cheap money vs paying cash. Not saying it is smart. Just what is happening.
She works from home and I frequently hear her tell people "Yes we can get that kind of money for your house, but Ted and I know you. You are a friend. So know where you are going before you sell!!
Title: Re: Fuel Shortage
Post by: Lin on November 13, 2021, 03:05:08 PM
Gas prices here in Southern California are under $1.15.  The only problem is you only get a liter.
Title: Re: Fuel Shortage
Post by: chessie4905 on November 13, 2021, 03:11:57 PM
Maybe when it hits the fan, I be able to score on a nice Prevost. Should be lots for sale
Title: Re: Fuel Shortage
Post by: luvrbus on November 13, 2021, 05:08:51 PM
Quote from: chessie4905 on November 13, 2021, 03:11:57 PM
Maybe when it hits the fan, I be able to score on a nice Prevost. Should be lots for sale

There will be they were for sale every where in 2007 LOL I bet you don't see John Deere Credit selling any next time around 
Title: Re: Fuel Shortage
Post by: windtrader on November 13, 2021, 10:10:36 PM
For sure, the tide will turn and it will be buyers in control at some point. We are living in unprecedented times so really no hard patterns to follow. Fuel prices are heading up big time. In the past, that would dampen demand. Today, everything is selling for much more and so far consumers aren't blinking. We'll just need to watch and listen for the screaming at the gas stations.


Another factor that is unique is COVID, the lockdown, the masses working remotely, and the effect on people feeling the need for space and outdoor recreation. RV sales folks are smiling due to many desperate for finding safe and outdoors spaces. Many have not done serious research into what is out there nor searched their souls if this is right for them beyond the pandemic. It is reasonable to speculate that starting in the not too distant future some of these may hit the market as owners go back to their typical vacation and getaway destinations. And feeling the cost of an RV sitting gets right up your nose pretty quickly unless really getting joy of use.


As we busnuts have watched COVID and high fuel prices carry on, there has been virtually no noticeable increased sales activity in our world. Jon can weigh in on vintage Prevosts but it's probably the same, business as usual as in demand at a wisper.


Does anyone have facts to offer up if the recent run up in prices has impacted old bus sales? Personally, I have no recollection of any new busnut introducing themselves as an urban COVID refugee or one throwing in the two and selling due to increased fuel prices. Seems pretty much steady as she goes through it all.


If you're looking for an older vintage Prevost, buy one if you find one that suits you. Negotiate as usual and you'll likely look back and feel pretty good about the purchase. If your market is RV less than 5-10 years old, stand back as my money is on a major chop down the road. Not sure if Millenium class units will suffer than any other time when it comes to being slammed in the used market but that is a very niche and different crowd. LOL

Title: Re: Fuel Shortage
Post by: luvrbus on November 14, 2021, 05:11:19 AM
 I hope Richard is right we get past this but right now we are totally out of control.
Title: Re: Fuel Shortage
Post by: chessie4905 on November 14, 2021, 08:56:24 AM
If I buy a Prevost conversion. Itll be 60 series and rooftop ac. Not gonna repair those Cruise airs.
Title: Re: Fuel Shortage
Post by: luvrbus on November 14, 2021, 09:15:23 AM
Quote from: chessie4905 on November 14, 2021, 08:56:24 AM
If I buy a Prevost conversion. Itll be 60 series and rooftop ac. Not gonna repair those Cruise airs.

Nothing wrong with Cruise air ,the installers forgot they were marine units and mounted those were they had no fresh air.With mine I knew it was above my pay scale so I took mine to a marine dealer to install mine and they never missed a lick for the 15 years I owned the bus ,they don't work good installed in the engine compartment or getting air from a 160 degree pavement loved those 0 to high fan speeds no 1 or 2 setting
Title: Re: Fuel Shortage
Post by: chessie4905 on November 14, 2021, 01:21:33 PM
due to age on used Prevost, owner can expect Cruise air repairs and they are buried in some conversions. Alkali or salt corrosion on condenser after several years leads to need to replace.  So a 95 or 96, good chance of needing repairs. Are brand new ones available?
Title: Re: Fuel Shortage
Post by: luvrbus on November 14, 2021, 01:28:23 PM
Quote from: chessie4905 on November 14, 2021, 01:21:33 PM
due to age on used Prevost, owner can expect Cruise air repairs and they are buried in some conversions. Alkali or salt corrosion on condenser after several years leads to need to replace.  So a 95 or 96, good chance of needing repairs. Are brand new ones available?

I don't know for sure,but parts are easy to come from any home Air Conditioning supply house,Dometic owns it now maybe different now,converters screwed those units up big time,Marathon was the worst at it
   
Title: Re: Fuel Shortage
Post by: Van on November 14, 2021, 03:35:07 PM
Parts. https://www.aap.com/pages/air-conditioning-heating-systems. CA's are nothing more than smaller package units.
Title: Re: Fuel Shortage
Post by: chessie4905 on November 14, 2021, 04:12:52 PM
Someone on Facebook made the curved condenser for it. Seem to recall around $700
Title: Re: Fuel Shortage
Post by: belfert on November 15, 2021, 11:32:55 AM
Quote from: chessie4905 on November 12, 2021, 03:09:53 PM
Finally got to try my Gas buddy card. Didn't show any discount at my usual fuel source. On gasoline. Got an invoice via email next morning. 28 cents  per gallon off. Now to try on diesel for truck. Will report when I do it.

I looked into the Gas Buddy card, but it is limited to $75 per transaction and $300 per week.  Not going to get very far fueling a bus.
Title: Re: Fuel Shortage
Post by: luvrbus on November 15, 2021, 11:37:10 AM
Quote from: belfert on November 15, 2021, 11:32:55 AM
I looked into the Gas Buddy card, but it is limited to $75 per transaction and $300 per week.  Not going to get very far fueling a bus.

You cannot drive a bus now with the price of fuel for 300 dollars a day if you cover any miles 
Title: Re: Fuel Shortage
Post by: chessie4905 on November 15, 2021, 03:17:01 PM
Could be useful if no truck stop nearby Also useful for your other vehicles when home or fuelling toad.