Oil Prices

[luvrbus]

Guys fill that baby up oil was headed up $102 a barrel today hello 5 bucks a gal diesel shortly and I may be stuck with all these Canadians lol


good luck

[Seayfam]

Oh great!!! I've been paying close to that for 2 years now. That means I'm going to see 6.00 a gal. Thank you EPA

[Rick59-4104]

 Don't forget to thank the commodity futures traders, I blame the commodity market much more than the EPA.


Rick

[Oonrahnjay]

Don't forget to thank the commodity futures traders, I blame the commodity market much more than the EPA.   Rick   

    Apparently, some distributing company bought a Texas pipeline recently and redirected the oil from Gulf of Mexico that normally travels that pipeline to mid-Western refiners to refineries that will pay them more money for it.  So, they "corner the market", make a killing, and we all pay for it.  Many of the commodity futures traders are screwing with things (but it was wonderful to see so many of them get totally burned when the market crashed from $150 bbl to $80 bbl a few months ago), but this is a big part of what's happening now.  Also, Asian economies are moving out of the recession quicker than the US and they're buying up a lot of crude and "distillates" (i.e. diesel fuel).  Plus, a big chunk of the diesel fuel that refined in the US is being sold overseas now because the market is better there -- that's right, the US taxpayer pays big money to have oil companies import crude and then those companies sell the refined products overseas and push the price up here.  And the cold snap and snow in New England a couple of weeks ago caused a run on Home Heating Oil which caused local shortages.

    It all adds up.  EPA is a small part of it -- but IMO, they shouldn't be ANY part of it; if they're a part of MY government, they shouldn't be doing ANYTHING to push the price of my fuel up!

[belfert]

I find it interesting that locally gasoline prices are still declining even as crude is back at $100.  The last time crude was at $100 gasoline prices were a lot higher locally.

Diesel on the other hand is going through the roof.  Diesel is at least $1 a gallon more than regular at every station I've seen.

[ryoo]

What crap this news is. cost less for refine it but still cost more to buy. Whats next?

[Brassman]

Diesel always goes up in heating season, Europe burns diesel in cars, and traders make bets. We pay.

[belfert]

Yes, diesel prices go up in winter, but a $1 a gallon premium over gasoline is pretty high.

I had a diesel car in the mid 2000s.  I remember a time when diesel was $1.549 a gallon for three months at one station.  I don't recall what gasoline cost at the time, but it certainly didn't stay the same for three months.

[Rick59-4104]

 On my nightly USPS Mail Truck Run I watch the daily price change of gas and diesel along I-40.  At the 125 exit there are 5 stations I watch.  The price of gas went down 2 cents a gallon in the last 24 hours, diesel went up 23 cents at each station today.

Rick

[artvonne]

  No use complaining, we're never going to do anything about it.

[luvrbus]

Blame it on whoever it's your worthless dollar and 15 trillion in debt the best is yet to come IMO RV's can be parked but old Joe going to work (if he has a job) to take care of his family is a different story


good luck

[Oonrahnjay]

On my nightly USPS Mail Truck Run I watch the daily price change of gas and diesel along I-40.  At the 125 exit there are 5 stations I watch.  The price of gas went down 2 cents a gallon in the last 24 hours, diesel went up 23 cents at each station today.
Rick 

     Yeah, it's OK, AR, MO, KS that are supposed to be getting hit the hardest by the new "pipeline reversal" where the new owners are shipping oil in the opposite direction.

[Eagle]

You can blame it on whom ever you want but in this country there is only one thing to look at:  GREED!!!!!!!!!& GREED!!!!!

[buddydawg]

You can blame it on whom ever you want but in this country there is only one thing to look at:  GREED!!!!!!!!!& GREED!!!!!

I agree. The greed comes directly from our elected officials, they can never get enough of our money to spend as they see necessary.  This effectively drives the price of all goods and services through the roof.

[Seayfam]

You can blame it on whom ever you want but in this country there is only one thing to look at:  GREED!!!!!!!!!& GREED!!!!!

I agree. The greed comes directly from our elected officials, they can never get enough of our money to spend as they see necessary.  This effectively drives the price of all goods and services through the roof.

AMEN