Not to b_tch here but diesel is $3.53 a gallon and gas is only $2.45. I know they lowered gas prices so the general public will not be in such an uproar. Is the general public not smart enough to figure out that everthing that is shipped in America is shipped buy diesel, either by truck, train(and yes I know trains are electric! but the generators to make the power are diesel) or barge. You are still paying for the unreal diesel prices in every product you buy. It cost me $131 to fill up my F-350 crewcab. When I went in to pay the nice lady behind the counter asked me,"Do you needed anything else. I said,"A Condom!"
Its total BS. Diesel is less refined and there are virtually ZERO advertisment costs on diesel. The advertisment does make up a decent percentage of the cost. When have you last seen a commercial for diesel fuel, hell your lucky enough to get a price on the road sign for it...all you usually see is the words diesel in small print. It is still hovering at $2.79 - $2.89 here in northern, MD. Went to the GNF and from VA south it was anywhere from $3.17 - $3.39 and it cost me $115 to fill the F-350 from 1/4 tank. On the way back at the same place it dropped to $2.95/gal. Why WHY WHY is Diesel so much. I remember when it was $1.45 - $1.60 over the summer of 04.
All they are doing is trying to get as much as they can from a certain segmant (ie Truckers).
Diesel isn't refined from the same materials as gasoline. It's related to natural/gas.home heating oil. That has been through the roof.
Everything is based on futures trading. Market swings push the price up and down. Gasoline is pushed by futures trading too. Gas went up and down because there was pressure on potential supply issues, and then those issues went away.
Additionally, the US Dollar has been devalued because of NAFTA and all kinds of stuff that has forced so much production out of the US. Ever try to buy toys for your kids that are made in USA?
My property taxes have gone up too. I get a kick out of seeing older people driving around in their Kia's, then I think of them complaining about how high their property taxes are with their fixed income. Well, how did saving a little money on a product where the profits go to another country help your property taxes and the price of things here.
Back to my origninal thought, the dollar doesn't buy as much outside the US anymore. So, outside oil actually costs more US Dollars as a result.
Yes... My ass is sore at the $.90 gap in unleaded to diesel in S.E. WI as of this morning.
Thankfully my local BP has started taking body organs in trade. One slightly abused kidney should get me a full tank on the RV and pimp van...
I disagree with you super dave. I know that it is supply and demand, but with big oil profits at all time highs and growing on a daily basis, Exxon profits of $80 billion dollars it is just a matter of time before it will be cheaper to stay at home than go to work. I know for most of us it is just an inconvenience, we have enough money to throw away at racing, we can afford higher prices at the pumps. But this will be a trickle down effect. It will hit all of our jobs at some point. I wish I could double my earning in just one year! Hey, anyone want a $200k house for $300K? Deal?
We have the Tug Belle Watling working in the Gulf out of Mobile, she took on fuel 2 weeks ago, 20,000 gallons, did not even fill her up. The bill was like over $40,000. I took on just a few thousand gallons on my Tug here in Jax., they wanted the co. credit card before they'd fuel it, it's not only Truckers feeling the bite.
Missing my favorite Sport.
The reason diesel is staying high and going up higher (while gas goes down) is because refineries have to decide where the oil is gonna go.
Right now lots of heating companies are stocking up and lot of other people are turning on the base oil burners.
Since home heating oil is essentially the same as Diesel fuel, more heating oil demand means less diesel. The additional demand also raises the price as the supply isn't there.
I dunno guys, we sit at the bar and bee-atch about the price of gas/diesel while we pound drinks at $4.50 each....what's worse, a hundred dollar bar tab or 80 bux in the tank? Glad my truck won't run on Jack...
All that aside, fuel prices still SUCK >:(
QuoteI disagree with you super dave. I know that it is supply and demand, but with big oil profits at all time highs and growing on a daily basis, Exxon profits of $80 billion dollars it is just a matter of time before it will be cheaper to stay at home than go to work. I know for most of us it is just an inconvenience, we have enough money to throw away at racing, we can afford higher prices at the pumps. But this will be a trickle down effect. It will hit all of our jobs at some point. I wish I could double my earning in just one year! Hey, anyone want a $200k house for $300K? Deal?
Profits.
Ok, first profits. Shouldn't they make money? Honestly, that's why we have any kind of supply is because they go and get it even though you've got enviornmentalists saying otherwise, litigation, health insurance issues, etc.
If you've got a set profit margin on a product, if the cost goes up and you maintain your margin, you'll "make more money". If a barrel of crude goes from $17 a gallon to $60 and you reduce your margin of profit, you're going to "make more money".
If you bought a motorcycle and then sold it for five percent more than you bought it for, you'd have made a profit, If you bought a similar bike a year later for twice what you paid for it previous one, but only sold it for three percent more, you would have "made more money" too.
Profits are not bad. Go work some place where you don't get paid. See how it works.
Cheaper to stay home and work? if you can, do it. Some people can't.
I'm not going to explain how futures pricing works. Supply and demand, real or imagined, push prices.
Just think they say a barrel of oil will cost 191 by spring, and to let you know why deisel is going up it's as Dave says plus farmers are doing their picking and they are useing up a lot of offroad deisl which means oil companies have to make decisions on how much of what products to produce. Right now deisel users will have to suck it up and wait it out, it will go down just before it goes through the roof.
We use off road diesel in our loaders at the yard where I do some work. It's $2.65 a gallon or so. I don't know if that makes a difference in any fuel prices, as you're always going to do something reasonable like that to keep costs in check.
$191 a barrel by spring? I don't know if anyone can say that. If someone really felt that, you'd have guys buying up futures contracts like crazy. That might cause a "potential shortage" and drive up the futures costs, and then the related retail costs would be driven up.
Don't forget that some electricity is made from deisel. Trucks and tractors are not the only thing that run on deisel. The thing is, they say there is a supply problem, but the top three oil companies are in the top 5 richest companies in the world. I think I read that, if not the top 5 it is the top 10. Ho wcan they justify charging so much on fuel, when they are making trillions of dollars a year?
You know if you think $3.00 a gallon is expensive, Iread in Playboy that a quart of seamen is $30,000.
They should have all that money.
What would happen if there was no gas or diesel?
The nearest food store is nine miles from my house.
I can't help you recognize the infrastructure needed to do the work to bid on product, aquire it, transport it, refine it, and distribute it. If it was easy, someone else would do it.
Having gas and diesel isn't a right either. it has to be bought. You don't stay in business by loosing money either.
Wel I guess since we have to have gas, we should pay at least $100/ drop. This kind of falls into the catagory of the electrical companies being able to charge what they wanted for electricity. At some point the government stepped in and said if you don't solve this problem we will. I don't agree with the government getting invloved, but when a company is making trillions of dollars a year on something they know everyone needs to basically to stay alive(heat oil, fuel for electricity, many other things) It sounds a little like gouging to me. This is America, they can charge what they want, but don't try to tell me they can't make a half a trillion dollars instead a full trillion and get by.
Ok, so are you in favor of minimum wage?
Last night I drove through Lannon and almost sh1t myself when I saw diesel at $3.89... Regular gas right now is $2.39. I don't know what the deal is, that was only one station. I just hope it's not a sign of what's to come in the next couple of weeks.
Demand for gasoline is down. Kids are in school and families are not traveling. Price goes down.
Diesel...well, everything still has to be shipped. Toylands' have to be constructed, the Gulf Coast is pounded and supplies are shipping from all over. Demand is high and as a result...
QuoteOk, so are you in favor of minimum wage?
There is a minimum wage right now but I don't know of anyone working for it. I'm not saying people shouldn't make profits. He11, I'm a business owner my self and like profits as well. But this is price fixing not a suppy and demand issue. There is plenty of suppy, experts say that we have enough oil for the next 65 years and some even say that we have more than that. I saw a program on the discovery channel with a guy that had a lot of credentials and was talking about how we haven't even touched the amount of oil in the ground, how plates move and oil pops right back to a well that was dry 20 years ago. Remember about 10 years ago cereal got up over $5 a box and the gov't stepped in and cereal dropped to about $2.50 a box? Now it is up to about $3. Gee all those comanies like Quaker oats and General mills are still in business and making a profit. Price fixing is illegal and that is my point here. I'm glad that you like to agree with what is going on here with fuel prices, The beauty of America is being able to voice your own opinion. And my opinion is this is price fixing. Yeah I have to pay the prices to keep my company going and will continue to do so. The fact of the matter is I'm no different from any other business owner, eat the cost up front and pass the costs down to you! That was my whole point here. get people to realize that they are paying for this outragous diesel prices even if all the vehicles they own are gas. The only way you can get things to change are to unite people to say NO! than the gov't will have to do something about it. Supply and demand aren't controling the fuel prices, three oil companies are. BTW on the way back from Nebraska this weekend gas was $2.17 in Des Moines but diesel was still $3.39? :o
Wanna talk price fixing.
In this goofy state I moved to, Wisconsin, they have this law called the minimum mark up law. Was developed in the 20's or 30's.
Anyway, gasoline has to be marked up from the wholesaler 9%. The retailer has to mark it up 9% from there. It's the law.
I agree there's more oil to be had, but many of the tree hugging groups have lobbied against that.
Price fixing? Don't know. China? How do you control that to maintain our supply? You've got to compete against an economy that has a huge need for a product, and the country you compete against doesn't pay it's workers nearly anything.
I'm sure there's "cheaper oil" out there, but show me how there is any volume in it? Prices for gasoline in Europe are up too...
QuoteI agree there's more oil to be had, but many of the tree hugging groups have lobbied against that.
I do have to laugh at this! a couple of years ago when OSB went thru the roof becuase of the hurricane(another price fix scam! We got one of the supply reps drunk at a trade meeting and he was nice enough to inform us that "all the OSB sent to Florida wouldn't suppy the Cedar Rapids market for two weeks!" he went on to tell us "think about it, how many sheets of OSB it takes to build one house, now how many sheets does it take to just board up the windows in that same house?") the tree hugs had a few of their finest advicts protesting up in a tree for two months, they had a big article in the local paper and a picture of the two girls living in the tree. In the picture the two girls are shown 100' off the ground in a big redwood tree in a shelter made from can you guess? OSB!!!!
QuoteWanna talk price fixing.
In this goofy state I moved to, Wisconsin, they have this law called the minimum mark up law. Was developed in the 20's or 30's.
Anyway, gasoline has to be marked up from the wholesaler 9%. The retailer has to mark it up 9% from there. It's the law.
1939, it was to prevent large companies from putting the small guy out of business.
The wholesaler has a minimum markup of 3% and the retailer an additional 6%, for a total markup of about 9.18% over what the wholesaler paid.
http://www.wispolitics.com/index.iml?Article=43568
Good link, Brian. I had 9% in my head.