What is going on with diesel prices?

[muldoonman]

I have 2 companies looking to lease my 100 acres here for Eagle Ford Oil zone. Maybe I will have my own oil well and I wont care what my prevost 2 stroke burns.

[belfert]

Right now, there are probably as many people on earth who don't own a car as do own a car.  Many of those who don't have a car want one pushing oil consumption ever higher worldwide.

Even if the USA could produce 100% of its own oil prices will remain high as oil companies will sell to the highest bidder.  Oil companies will ship oil overseas if they will pay more.  We could nationalize oil like some countries, but I don't see that happening.

[fortyniner]

No matter how much we drill the oil is always sold at market price duh. And China/India/Brazil appetites for oil are going vertical. There is no US policy that can change that. Drill baby drill ain't going to do squat too the price. The rate of demand increase is simply too great.  

What we need is a game changer like this developed right here in the good old USA at Oak Ridge Nation Labs back in the 70s: http://en.wikipedia.org/wiki/Liquid_fluoride_thorium_reactor.

Guess who has been to ORNL repeatedly in the last 10 years interested in that technology?  China of course. They are trying to copyright and patent LFTR design technology so they can sell it back to its creator, USA.

The US we went from zero to the moon in eight years so we should be able to commercialize the LFTR in what, five? That design is safe, has minimal waste issues and best of all, we have mountains of fuel for it right here at home.

Imagine every refinery having its own reactor to synthesize hydrocarbon fuels from CO2/H20. The middle east could go back to camels and tents, the world could zero out net C02 generation and we can have 75cent/gallon fuel again. Wheeee.

Just dreamin, Tom P.

[Lin]

There does not appear to be any shortage at the pumps in California.  You can just pull in, fill up, pay the gouger's price, and leave.  I think that we have one of these fictitious supply shortage hikes almost annually. 

[Van]

What, did some one accidentally red ink the supply, and call it a shortage lol! Prices are all across the board here. 4.05 down @ Hoover Dam, 4.31 near the Strip and 4.00 outside Nellis AFB. Hang in there America! We ain't in the Toilette... yet!

I'll Burn what ever color fuel ya got lol!

[Lin]

Van, what are you talking about?  I thought Eagles could fly on bird seed!

[Iceni John]

The local Arco near home has diesel for $4.99.

I'd nationalize the whole sorry lot, just like Pemex.   Screw 'em.

John

[belfert]

Local diesel prices all on a 2 mile stretch of the same road in Minneapolis area:

Saturday: Station #1 $4.50, Station #2 $4.09, Station #3 $4.09
Monday: Station #1 $4.29, Station #2 $4.09, Station #3 $4.49
Today: Station #1 $4.59, Station #2 $4.49, Station #3 $4.49

I just don't understand why diesel prices are through the roof while gasoline prices are slowly declining.

[Oonrahnjay]

    Bought Diesel (a TDI tank ful) in Gaffney SC for $3.60 last Friday.

[belfert]

    Bought Diesel (a TDI tank ful) in Gaffney SC for $3.60 last Friday.

You could probably ship a tanker load up here and still make money after expenses.