We filled up in Plainwell, Michigan for $3.959 per gallon last night. In Kalamazoo, 30 miles south, it was $.58 per gallon more. We saved over $58.00. Prices are going in the right direction.
I filled up in Albuquerque for 405 a gallon on Friday.
The price seems to be moving down
Melbo
Yuall are so haper to pay less than 4 bucks that you dont remember diesel being way less than gasoline.>>>Dan
This is sort of the ultimate ripoff success, paying $4/gallon and being happy about it.
It's all just part of the plan...Cable
u'all get up here to Oregon cheapest I can find is 4.64 now my dilema is do I fill up now be about 120 gal or do I wait until I leave abt 7th of Sept.
LarryH
Larry get enough to get of Oregon Idaho will be cheaper you know it going to be $.25 per gal about anywhere compared to Oregon because of the $.25 a gal they add if you don't have the PUC permit
Luverbus
Can I copy a number off one of the 5 million trucks with them plates LOL. In all seriouns I'm headed down into CA abt 200 miles then I know I will get raped maybe should go to Nevada LOL. you'all have a good day that price was the PUC price 4.64 said it was coming down more in next couple of days
Larry H
our neighbor works a a bulk distribution plant. suggested we all fill up today. tomorrow may be $.10 to $.20 higher. said their price went up $.15
Now I feel guilty, it just hit 3.81 here for diesel and regular dropped 21 cents to 3.67.
I just paid 4.289 a gallon today, picked up a few hundred dollars worth just to keep me going around town.
$3.959 per gallon here tonight but reg gas is $3.299 a gallon ???
$3.899 today 8/26/08 Diesel
down here to 4.00, still rediculous, those republicans dont miss a trick, wait tell after the election and see what they do, i bet we will have to take out a loan to fill the tank. I found out recently that we a re sellin fuel to Mexico and canada, the oil man they interveiwed on the news said its just business, and they have plenty of fuel available. it is of course a lot cheaper in Mexico. dont know anymore who to beleive but i cant see why we would be selling fuel to foreign countries and at the same time claim we dont have enough here in america. last i heard was the were selling the oil from alaska pipe line to japan. pretty good, burrow money from china to buy oil from middle east then sell fuel we have to foreign countries and in the mean time our oil wells are mostly shut down. theres a wrench in this system somewhere. about time for regualtion again as we used to have during and after WW 2 for yrs.
Frank Allen
Quote from: kingfa39 on August 27, 2008, 09:21:01 AM
down here to 4.00, still rediculous, those republicans dont miss a trick, wait tell after the election and see what they do, i bet we will have to take out a loan to fill the tank. I found out recently that we a re sellin fuel to Mexico and canada, the oil man they interveiwed on the news said its just business, and they have plenty of fuel available. it is of course a lot cheaper in Mexico. dont know anymore who to beleive but i cant see why we would be selling fuel to foreign countries and at the same time claim we dont have enough here in america. last i heard was the were selling the oil from alaska pipe line to japan. pretty good, burrow money from china to buy oil from middle east then sell fuel we have to foreign countries and in the mean time our oil wells are mostly shut down. theres a wrench in this system somewhere. about time for regualtion again as we used to have during and after WW 2 for yrs.
Frank Allen
I have it on good authority that our fuel prices are set by Republicans at secret meetings at Willies Diner in Keosauqa, IA, each and every Wednesday. When we get a good demokrat in office, we will be in tall cotton, with fuel back to where a "working man" can afford it. Oh, and make the greedy corporations tow the line and the rich pay their fair share.
Seriously, I have not seen anything that said we were short of fuel, which your post seems to insinuate. Respectfully, where did you hear that there was a shortage of fuel? Supply and demand cannot be "regulated" out of existence. You seem to favor rationing??? I don't get that .......at all. In WW2 times, there was a shortage of fuel and a world war going on. How do you compare those times with now?
i know about the rationing during the war, but the regulting was still in place after the war tell 1979 when Mr Carter deregulized it along with the trucking industry, the folloing day the price at the pump went up from .50 to .75. i do not favor rationing but i think that the oil companies are doing a number on the american public, there is no way they can justify the profits they are making. im tired of being lied to by these people, and its time somebody stood up to them. of course they have piled millions into the republican,s candistaes to help them stay in power. the heath care thing is even worse. sorry if i offended anybody but thats the way i see it
Frank Allen
Quote from: LarryN 4106 on August 27, 2008, 02:24:08 PM
I have it on good authority that our fuel prices are set by Republicans at secret meetings at Willies Diner in Keosauqa, IA, each and every Wednesday. When we get a good demokrat in office, we will be in tall cotton, with fuel back to where a "working man" can afford it. Oh, and make the greedy corporations tow the line and the rich pay their fair share.
Larry,
You didn't leave the TV on and maybe a Michael Moore movie was playing while you were sleeping.........LOL ;D
Cliff
Quotesorry if i offended anybody but thats the way i see it
You may need to have your prescription updated..... ;)
BTW, No offense taken ;D
$4.10 on the rezervation back home in western NY...$4.28 in PA where I am tonight. Gas was $3.47...I was hoping Diesel would be under 4 here but no such luck
Quote from: kingfa39 on August 27, 2008, 05:51:27 PM
i know about the rationing during the war, but the regulting was still in place after the war tell 1979 when Mr Carter deregulized it along with the trucking industry, the folloing day the price at the pump went up from .50 to .75. i do not favor rationing but i think that the oil companies are doing a number on the american public, there is no way they can justify the profits they are making. im tired of being lied to by these people, and its time somebody stood up to them. of course they have piled millions into the republican,s candistaes to help them stay in power. the heath care thing is even worse. sorry if i offended anybody but thats the way i see it
Frank Allen
Frank, you seem to have it in for the companies that risk capital to provide us with the fuels we need. You have stated that their profits cannot be "justified" to use your term. Frank, please tell me the profit MARGIN of the "oil companies" you despise. Then, look up the profit MARGIN of any company you DO like. We can continue this conversation. No offense, but you are WAYYYYYY off on where to direct your teeth gnashing. And, it you want free health care, there are countries, not too far away, that will take care of you. Here, it would be UNCONSTITUTIONAL. I challenge you to find providing healthcare in those few duties relegated to the federal government in our constitution. (Perhaps you will point in the direction of that oldie but goodie "provide for the general WELFARE....."). You are not offending me, Frank, we live in a free country (so far) and should be able to discuss these issues. I would LOVE to see a politician come out and tell me exactly what he intends to do to HELP the oil companies, and HELP the steel companies, and HELP the local Avon lady. One way to help is to stay the hell out of the way.
i just wanted to know what gas and diesel costs? Does anybody here know that? i don't care here, about anything but what the prices are? if you don't know, please take your off topic soapbox somewhere else.
i got a trip in a week or two. my last fillip was 4.099 at pilot. i'm going a little West. Anybody know if turnpike prices in Indiana are less?
i hope i didn't offend anyone either :D.
i just watched Sen. Obama. All the clouds have a silver lining courtesy of the new government to be. I'll bet the Republicans and Sen McCain can promise at least as well next week.
Check out http://www.dieselboss.com/fuel.htm (http://www.dieselboss.com/fuel.htm)
Click on the icons.
Just finished a 9,000 mile trip. Fuel is coming down.
Quote from: manasst on August 28, 2008, 08:11:15 PM
i just wanted to know what gas and diesel costs? Does anybody here know that? i don't care here, about anything but what the prices are? if you don't know, please take your off topic soapbox somewhere else.
i got a trip in a week or two. my last fillip was 4.099 at pilot. i'm going a little West. Anybody know if turnpike prices in Indiana are less?
i hope i didn't offend anyone either :D.
i just watched Sen. Obama. All the clouds have a silver lining courtesy of the new government to be. I'll bet the Republicans and Sen McCain can promise at least as well next week.
Here in SW MO.....diesel is about $3.88, car gas is about 3.30
Don't you worry... Just a few more months and the 'Messiah' will be anointed and he will fix it all. The Dems plan so far:
1. 'Tax' the oil companies -- so they can pass that tax on to us at the pump.
2. Make more oil fields off limits -- that always brings the price down.
3. Enact more environmental regulations -- so it costs the oil companies more to produce the fuel (at a slower rate), so they can pass that cost on to us at the pump.
Am I missing something here? I have yet to see a single Dem proposal that would lower the price of fuel one penny.
Of course, Obama is the one that thinks removing the federal fuel tax (some 20+ cents per gallon) is a gimmick, but punishing the profits of the oil companies (which, if eliminated, would lower the price less than 10 cents per gallon) is a solution.
Remember, the group making the biggest "profit" from the price of a gallon of fuel is the govt. Wonder which party has been most responsible for increased fuel taxes...hmmmm?
Headed to reno tomorrow and then on to pocatella prices any one?
Thanks
Van
Check out http://www.dieselboss.com/fuel.htm (http://www.dieselboss.com/fuel.htm)
Click on the icons and check out todays prices on your route.
$3.859 today 8/29/08
;)
Diesel = $3.799 today 9/3/08
Gasoline = $3.299
:-\
I was really worried about diesel prices for getting home from my trip. I was shocked to see when I gopt home that oil prices fell below $110 even as a hurricane hit the gulf. I paid $3.93 in Emporia, KS. It looks like I will pay about $3.99 when I fill up tonight.
Larry n what i have a problem with is how the oil companies can gouge us so badly and make unheard of profits while the entire country suffers for it and people think this is ok, this is unbelivable to me. i did not say there is a fuel shortage, there infact is none so again how can they justify the profits??? i guess if a guy has plenty of money and can afford to give it away its no problem. gasoline is very cheap to refine, diesel is even cheaper, and how is it they can sell fuel to mexico who in turn sells it to there people much cheaper?? I just dont think this practice is right. The airlines are going broke as are the big three auto makers, everything in this country is going up because of this fuel, and yes i have it in for the oil companies because of all i have said here. free enterprise is one thing, total domination is another, it is nessasary to keep these giants incheck
Frank Allen 4106
KT,
I don't know why you want to blame the Dems. As I remember it, prices were much lower before we had this oilman gov't. I don't even think it is a party issue. If Democratic oilmen ran the gov't it would be the same. Look to see who, and whose friends, have benefited from the price increases, and you will see who is at fault. You do not take serious chances with your money. Likewise, these people do not take chances with theirs. They manipulate the market whenever they can get away with it. Right now, they can.
You all better have your tanks FULL and some cans in the garage at the closing bell of the Nov election. No matter who wins or steals the election the price of fuel is going to go through the roof. They will have to recoup the losses, as they see it, for dropping the price before the election so the voters are not fully PO'ed at the cost of fuel.
Now don't go sending me any hate mail but one country has managed to lower the cost of fuel. Hugo Chavez! That communist puke has lowered the cost of D to 17 cents a gallon the last I heard. Someone here told me that that price was high when you considered how little they earned and actually we had it better. So 17 is to X what 4.50 is to Y.....4.50 divided by 17 is 26.5 so if our average wage is 26K a year that means the average Venezuelan makes less than $1,000 per year and still owns a D and pays 17 cents a gallon. There is something not to subtle wrong with that group of numbers and the logic. In Vz the newspapers are all private and Hugo is constantly at war with them....the Vz gummint only "owns" 55 or 60 percent of the oil bus down there. Now that is what I call a failure at being a dictator....let alone being freely elected in a landslide. Why can't we nationalize the Gulf and say Prudoe Bay and give it a try....just see how things go for a while....wadaya say? once around the park for the old Gipper. Sell it for what it takes to pump it and refine it and ship it. What do you have to loose. Now lets hear it from the rest pf the conservatives.....JD Wintworth says "it's your oil, use it when you need it". We could see just where every penny went in making and selling oil and we could prosecute any one we found with their finger in the cookie jar. Now don't go telling me it won't work in this country unless you can tell me why it won't work. This is not a faith based conversation....you need reasons and evidence.
John
Quote from: JohnEd on September 05, 2008, 12:12:04 AM
Why can't we nationalize the Gulf and say Prudoe Bay and give it a try....just see how things go for a while....wadaya say? once around the park for the old Gipper. Sell it for what it takes to pump it and refine it and ship it. What do you have to loose.
Be carfull the Greenies in Goverment would stop all oil exploration in the name of stopping ploution. They don't seam to care what the cost is in the long run make the consumer pay it.
diesel= $3.759, 9/5/08.
reg gas=$3.299
Simply amazing... I was watching "Ice Road Truckers" the other day and they were moving an exploration rig from one place to another because the first hole came up empty. In less than 6 WEEKS, they had pi**ed away 20 Million $$ on just ONE rig, simply on the gamble. Now, multiply that by however many sites they are working throughout a year. They are risking massive millions to billions of $$ per year. Why? It is the basic principle of investment. You risk money in hopes that, if your risk (gamble) works out, you will make a profit. If it doesn't work out, you lose your money. History is replete with companies big and small who invested in oil exploration and lost their shirts trying to find/extract oil.
So, the oil companies risk billions of $$ trying to find and extract oil, and then, when they are successful, we dump on them for getting a return on their investment. And, make no mistake, is actually a pretty small return (less that 10%). That means if you snap your finger and remove the ENTIRE profit, you have lowered the price less than 10%. And, if you remove the incentive of a profit, who is going to risk the billions of $$ gambling on exploration, or investing in pipelines, or investing in refineries?
And BTW, in most industries, a 10% profit margin barely meets the threshold to get investment $$. If you wanted to start a company and told your investors that you hoped, in the very best year, to have a 10% profit margin, they would laugh you out of the room.
I'm not saying the oil companies are saints, but denying them a marginal profit is absurd. It is more of the class warfare game that the Democrats love to play, straight from the Karl Marx playbook. Demonize the successful as if their success was simply luck instead of the result of hard work and prudent investment. How dare they be successful!
And another point, just who is "making" that enormous profit that you want to eliminate. It is really easy to say "XYZ oil company made an "excessive" profit." (By the way, who gets to define "excessive"? What if I think the profit of your company is "excessive"?) But I digress... Companies do not make profits, when you get down to the bottom line. All of the major oil companies are publicly owned.
Which means that the "evil" people making the "excessive" profit are all of the millions of people who invested in that company. Most of them don't even know they are invested in that company because it is included in their mutual find, pension fund, etc. So now, the "excessive" profit is really a matter of cents per share of profit for all of the investors. Guess who the primary investors in energy companies are? They are retirement funds. Be indignant about the "excessive profits" all you want, but how about you explain to my grandma why you are taking that money from her when she is dong her best to patch together a retirement income. That few cents per share makes a real difference to her.
So remember, in your righteous crusade against the "excessive profits" of the "evil" rich oil companies, the people you are really going to screw over are the everyday working stiffs that have managed to put a little bit aside in a retirement fund somewhere. Oh, and the working grunts that the oil companies will lay off or pay less because they have less investment capital to use to pay people...I'm sure they will thank you when they get the shaft, too...
And one more reminder, the Democrats have not put out a SINGLE proposal that will lower the price of fuel. ALL of their energy proposals will, at best, keep it the same. Most of them will increase the price of fuel.
I think that what many of you seem to ignore is gross profit has absolutely nothing to do with a companies net profit. Maybe billions are being made, but many many more billions are being spent to try and find the oil and gas. As ktmossman indicated the average profit is 10% or less. I know I would have closed down my company if all I could have hoped for was a 10% return on investment.
One example I know of is that a local company is spending several millions of dollars to relocate a deep well drilling rig from Utah to West Virginia. There is absolutely no guarantee that after spending this location cost as well as the actual drilling cost will actually return anything on this investment.
Richard
KT,
I took issue with your comments about Democrats. I would also be offended had it been Republicans. I may have my tongue in my cheek a lot of the time but I, and most, stay away from patently "political" commentary and accusation. I don't know what the moderators feel but that is my 2 cents offered in the boards interest. And with my best intention as a card carrying conservative. Also keep in mind that BIG oil pays 60+% tax to countries outside the US so you have to multiply you figures accordingly.
If your 10% profit info is correct then the oil companies have expense totaling 10 times that amt. So what is that number? What percent of GNP is being paid by BIG oil to just barely stay in business.
You said that 10% ROI is not really sufficient and investment capitol is hard for BIG oil to come by. Would it help if the ROI was boosted to 20%? Just to be fair to the oil companies. If 10% is going to wreck the industry I would stand on the side that prevents the "happening" of "no oil at all".
If you are concerned with oil companies making a profit then D going from $1.00 a gal to $4.50/gal must have really boosted your spirits. Now if they were to get their "barely even with industry" ROI of 20%, your fuel would cost you $9.00/gallon, if crude logic and arithmetic holds. Would this make you ORGASMIC? That isn't the smart @$# question it might seem at first glance and I half mean it as a question. How do you factor in the fact that all that oil is coming out of ground that the Gummint(read that as you and I) owns and has leased. Any fees such as those guaranteed to the Indians have never been fully paid according to the Indians. So $9.00 wouldn't cover the entire tab.
You are loosing me a little here with you sympathies but I better understand Sharia, or whatever Islamic law is called, as a result. They hold the company innocent of responsibility for whatever the employee does....they execute the woman that is the victim of rape and it is her family that does the executing and if they balk they get killed... the rapist gets showered with sympathy if he is a follower of Islam but he is killed slow and painful if he an EVIL Christian DEMON ( this stuff always gives me whiplash and a sore neck), and a whole host of "logical" stuff that just doesn't seem to penetrate the reason of most of us. Now before you or any other leap to embrace Islam, they also require that everyone contribute 10%(there is that number again) of their "Gross" worth to charity to support the poor. How could people that get so much of it so right get part of it so intensely wrong. Its a wonder.
John
OK guys, let's keep this on diesel prices at different locations and leave the politics for other BBs. We don't want this to turn into a political tirade. We get enough of that everywhere else. Your friendly moderator, Jack
Jack,
I agree wholeheartedly. I do hope there is some way that my ORGASMIC question could be aswered. :) Higher prices are better? :o
John
Me thinks someone might need to get their meds checked. ;D
;D
My point was that profit is what motivates growth and exploration. Without it, the industry dies... The market will determine the appropriate profit. Govt. intervention will not help anything. There is nothing govt. has ever done that could not be done better (and cheaper) in the private sector.
http://seattletimes.nwsource.com/html/nationworld/2008305981_webcheapdiesel24.html
KT,
Alan Greenspan was on the tube today being grilled by Congressmen on his stewardship of the Fed. Greenspan apologized to the Congress and "the American People" for having been wrong almost all his professional life about some of the basics of business. He said I was wrong in the belief that gummint reg was not needed. An analyst later expanded and clarified " Alan has been a believer that the market's greed and self interest will lead business entities to protect themselves and their shareholders better than any outside authority could ever be expected to. This meltdown has been so bad that some are questioning the existence of the "invisible hand of commerce" that Adam Smith(?) referred to.
After the great depression the Gummint installed many agencies to prevent a recurrence of the financial debacle. Since RR we have been systematically disassembling those safe guards even though they saw us through the greatest explosions of national growth in our history. Those that don't know history are doomed to repeat it. Those regs were not opposed to profits...only unhealthy business practice. Liars will tell you the Gummint is against profit and that is pure BS. The private sector is not really all that efficient, contrary to popular urban myth. It can be more responsive and has less inertia but I have a lot of experience and know of many cases where the Gummint record far surpassed the private sector. Greed is the motivator of Wall street and without greed the street would be empty. It is a fact of life. We just need to channel the greed and limit it from hurting us or itself. Just where would we be without the Gummint and those that work for us in spite of our ungratefulness. And about those Soldiers and Sailors that work (and die) for us...they are part of the Gummint also.
I have a book for you...."Free Lunch". It is an exposee on the corrupt practices in Gummint. Excellent book, but I warn you, and it is full of references to the source of info and people quoted.
John
we just paid $3.29 in Beeville, south texas
$2.21 for reg gas. $3.51 for diesel here in Abilene TX.
Sure wish diesel would go as low as gas!
Quote from: Dreamscape on October 25, 2008, 05:44:31 AM
$2.21 for reg gas. $3.51 for diesel here in Abilene TX.
Sure wish diesel would go as low as gas!
Wow, your diesel prices are even more ridiculous than here in Minnesota! Gasoline is $2.39 and diesel $3.39. I've read reports of stations in California selling diesel for $3.21 where gasoline is still over $3. California usually has some of the highest prices on fuel.
Diesel will remain higher in price than gasoline till after 2010 we export the ULSD to Europe and Mexico till they switch over to refining their own in 2010. 80% of Citco's diesel refined here goes back to south America and Alon sells theirs on the market to anyone mostly Europe don't look for cheap fuel prices anytime soon
have a great day
Check out diesel prices nationwide at Flying J.
http://www.dieselboss.com/fuel.htm
Phoenix, AZ has diesel at $2.81 for car/rv (under 26,000# - "light weight")
There really isn't a good reason for the price differential - Wholesale Heating Oil (same as diesel) has been running about 50 cents more than Gas on both the spot and futures market - FWIW
Nymex Heating Oil Future 194.65 -8.32 -4.10 10/24
Nymex RBOB Gasoline Future 147.79 -9.99 -6.33 10/24
OK now, really -no -really, why dose diesel costs more than unleaded gasoline even though ulg costs more to refine than diesel ? Also wasn't there ever a time when D was cheaper than G ? ??? :o :-\ :'( >:(
Diesel $2.899 tonight.
Maybe fill up time? ???
Quote from: shodogg on October 25, 2008, 06:40:35 PM
OK now, really -no -really, why dose diesel costs more than unleaded gasoline ? ??? :o :-\ :'( >:(
I stole this from another board=
take a good look at what a barrel of crude oil costs. Divide that by 42 (that's how many gallons there are in a barrel). That number represents what the raw materials cost. Add in things like labor, maintenance, about $11 million a month in utility bills for the average refinery, and you will now know what it costs to make a gallon of diesel fuel.
The refinery I work for processes around 4,010,000 gallons per day on average and has an operating cost of around $8 per barrel. If the finished product sell for $9 per barrel more than the crude oil cost, we make $1 per barrel or 2.3 cents per gallon.
The crude oil we are processing right now cost us around $100 a barrel (you have to order it and pay for it in advance). That means we paid $2.38 for a gallon of it.
It costs us about 19 cents per gallon to process it and turn it into a good clean fuel. That is very efficient BTW.
This means the diesel we are making right now, this very minute, cost us $2.57 to make. We are selling it for $2.12 for a grand total of ... drum roll ...... a 45 cent per gallon loss. howz that for gouging? .
The spot price in the LA harbor area right now for diesel is $2.12 a gallon wholesale. The difference between that price and the price you pay is called mark-up, and that is done by an independent distributor and retailer. Not an oil company.
It will settle down once crude stabilizes and we start getting deliveries of the cheaper crude, and once refineries stop over-producing diesel. Probably by spring.
If, if we were lucky enough to be be processing crude today that cost us $69 a barrel we'd be happy as hogs in shoot. We'd be making diesel that only cost us $1.83 a gallon to make and we'd be making 29 cents a gallon! Oh that would be nice, but it ain't reality. We can dream, can't we?
By the time the refineries start processing crude purchased at today's price, diesel will probably be selling for around $1.85 wholesale for a net profit of 2 cents.
maybe the big bad oil companies aren't so big or bad after all?
At the current price of fuel - Federal, State and Local fuel taxes can easily be more than 20% of the cost per gal. - about twice the margin of the oil companies, and they do nothing but collect it (and waste it on bloated road construction and maintenance) - Don't hear anyone complaining about the government gouging?
Cloquet, Minnesota diesel 3.44 and gas 2.23 this afternoon.... :) :) :)
Quote
I stole this from another board= ....
Thanks, but no thanks Ednj . The above still didn't answer my question of : "why is D more expensive than G when it costs more to refine G ?" maybe I'm mistaking the respective refinery processes. It will seem no matter how eco-green-friendly diesel becomes, as long as it remains diesel, it -by composition- will never be refined as gasoline or else then the D would have effectively become G!? I'm I making sense here or what?
shodoog - LSD and ULSD "is" more expensive than gas to refine - HTH
Quote from: niles500 on October 26, 2008, 02:30:14 PM
shodoog - LSD and ULSD "is" more expensive than gas to refine - HTH
Soooo... are you saying -in other words- it cost more to refine D than G ?
Cause I do see a "D" after the "L" and the "S". ;D ;D
(edited)
Quote from: shodogg on October 26, 2008, 02:38:33 PM
Quote from: niles500 on October 26, 2008, 02:30:14 PM
shodoog - LSD and ULSD "is" more expensive than gas to refine - HTH
Soooo... are you saying -in other words- it cost more to refine D than G ?
Cause I do see a "D" after the "L" and the "S". ;D ;D
(edited)
Actually, whether is costs more to produce diesel or gas, or whether the refinery is getting rich, the gas stations are getting rich, or OPEC (where they build luxery condos out of sand and money) is getting rich is not relavant. what matters is what we pay and where to get cheap stuff. Everything else is out of my control and i suspect everyone else's on this board.
the bottom line is you want it, they have it, what will you pay? and where is that cheapest price in case i'm gonna be there?
if i could afford to buy stock in exxon and share in their profits, i would.
$3.49 here in Ohio.
Here in Connecticut gasoline $242.9 for cash only and diesel $359.9 cash or credit card. Some stations even cheaper diesel if cash.
Quote
Actually, whether is costs more to produce diesel or gas, or whether the refinery is getting rich, the gas stations are getting rich, or OPEC (where they build luxery condos out of sand and money) is getting rich is not relavant....
I beg to differ on a few fronts here; first, whats relevant criterion to one is not necessarily relevant to another. Second, when the public (tax payers) money (investment portfolios) is used to finance risky exploration on "public land", I don't "think" I or we have a God giving right to demand to know. On the contrary, I "know" I or we have a God giving right to demand an accurate and full accounting of how, when, where, and why the hell our money is going in one way and not returning so much as a "break-even" on it's principal.
I don't mean to sound incendiary, but I'll never-ever lose sight of my soul to invest in a megan like ExxonMobile. Lets face it, big oil can never profit from sales volume anymore as long as the commodity is depleting; so they make it up by mark ups in the profit margins. In a nut shell, the scarcer oil becomes, the higher the price to pay for it.
I'm no longer expecting an answer to my original question in this topic as I sort of searched and asked around other places. One thing I can tell you is that I'm not alone in wondering why D was cheaper than G and now G is cheaper than D though the costs of refining them remain the same through out and through on.
Merry Christmas :-*
My opinion is that the U.S. should drill. I have heard the there is as much oil under North Dakota as there is in the middle east (remember that is just hear-say). If the states would actually do the smart thing and drill I think that much of the problem would be solved. Of course our government isn't helping anything (more regs usually don't help, just more control...I know lets not have Congress in session next year...no new rules...LOL...but then again, who voted them in???)
Oh well enough for now.
That's just my .000002 and JMHO.
God bless,
John
Shodogg - you evidently searched in the wrong places and found some bad info - FWIW
Quote from: manasst on October 27, 2008, 04:27:23 AM
Actually, whether is costs more to produce diesel or gas, or whether the refinery is getting rich, the gas stations are getting rich, or OPEC (where they build luxery condos out of sand and money) is getting rich is not relavant. what matters is what we pay and where to get cheap stuff. Everything else is out of my control and i suspect everyone else's on this board.
the bottom line is you want it, they have it, what will you pay? and where is that cheapest price in case i'm gonna be there?
$3.49 here in Ohio.
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what i should have added is that the debate about how it's made, cheaper or more expensive, and who profits, is irrelevant on this discussion and on this board under this subject. the debate on who is screwing whom is best discussed on yahoo or msn or someplace else other than a bus bullitin board where no one is an expert (that i've heard) on oil production, just buses. i'm not trying to pick a fight cause i have no solution to why and i don't own enough of anyones stock to make a difference if i thought the company was gouging. i just have to buy diesel.
Just like milk, i don't know if the cow, the farmer, the dairy, the distributor or the supermarket is screwing me, i just know they are all eating on my nickel (or dollar) cause i want milk with my cookies. my 2 cents and imho
FYI guys, my family is heavily invested in the truck stop business, and I do have up front explanations as to why D is no longer cheaper than G even though D is cheaper than G to refine. Come on fellows we're in the info age here, and this info is no secret. As long as you are needy and desperate, the seller is in power to screw you over; and that my friends is one of the main reasons (in my opinion) why this free market will collapse if not equalized. So actually my original question is relevant here as far as diesel (for the bus and trucks) and gasoline (for gens and tows). I just wanted to know if anyone else here shared the same concerns as I did. ::)
There is only one reason diesel is more expensive than gas. Commercial operators HAVE to have fuel and homes in winter HAVE to have heat. We can be far more flexible in our use of gasoline.
Quote from: Len Silva on October 28, 2008, 09:15:56 AM
There is only one reason diesel is more expensive than gas. Commercial operators HAVE to have fuel and homes in winter HAVE to have heat. We can be far more flexible in our use of gasoline.
BINGO !That is by fare the most accurate consensus I've compiled. The rest is just nonesense. Folks are trying their best to explain away the true reasons behind this obvious discrepancy. The most easy and famous of them all is "price gouging". I tell you if we sell our fuel any cheaper, we'll just as well only be passing it along to the consumer without a penny in profit. Consumers need to understand this, that owners will only be letting customers use their tax status to purchase whole sale fuel (if sold as low as paid for). The least that can be done is to charge for the paper and or computer work, and elecricity exspensed in ordering, storing and dispensing of a commodity. I'm sorry good folks I don't mean to be ranting on this very good site. Thanks for a lending ear and patience.
There is not that much difference in diesel and gasoline prices in Phoenix average about $.12 a gal check Flying J prices in Arizona and take $.08 a gal off diesel for RV use.FWIW ULSD is far more complex to refine than heating oil some refineries in the US don't refine it only heating oil and off road fuel good luck
Quote from: Ednj on October 25, 2008, 09:33:49 PM
The crude oil we are processing right now cost us around $100 a barrel (you have to order it and pay for it in advance). That means we paid $2.38 for a gallon of it.
It costs us about 19 cents per gallon to process it and turn it into a good clean fuel. That is very efficient BTW.
Why does the wholesale price and therefore the retail price of diesel rise and fall based on today's future price if the refinery is consistently refining oil bought at prices that are as much as several months old?
Your explaination that the refinery is currently refining $100 a barrel oil means that when oil hit $145 the refinery was probably refining $120 or less per barrel oil and thus making a huge profit at the time.
and now for the important stuff that we can all utilize versus agonizing over refinery versus well price vs oil futures:
i paid $2.29 for regular. at the same BP station, diesel was $3.01. too bad i have full tanks of 4.01 biodiesel. first time i have filled up the van with gas in a while that i didn't have to swipe the card thru twice. ;D
I paid $2.99 for diesel today and gasoline was $2.09. I still think diesel is overpriced, but that isn't a big deal. I am VERY upset that diesel prices are 90 cents a gallon more than gasoline! I've actually been considering trading in my diesel vehicle that gets 36 MPG for a gasser tah gets about the same MPS to save on fuel. Of course, diesel prices will plummet the day I do that.
Yes, it is fall, but diesel prices have never been so much more than gasoline in the past.
http://tonto.eia.doe.gov/oog/info/gdu/gasdiesel.asp
http://www.eia.doe.gov/pub/oil_gas/petroleum/presentations/2005/dflvehicles/dflvehicles_files/frame.html