4.09 for Diesel

[AMcCormick]

Bpowers, down here in Key West 3. 89 gallon. But i filled up a few weeks ago at a "Hess" station in FL City at 3. 35 gallon. Doubt that it is still same price but FL City and Key Largo have had by far the cheapest prices that I've seen. 30-40 cents cheaper.

 

[AMcCormick]

Sorry to come back but what is the cause for the drastic differences in diesel fuel. Gasoline may vary a couple cents from one station to the next while Diesel may be 30 cents cheaper 50yards down the road.

 

[MickeyMiller]

3. 79/gal South of Sacramento yesterday. And that is the 'low aeromatic' California Diesel! At least we here in California have the option of dumping in Red Dye#3 and re-bottling it as a Zinfandel.....

 

[BGarofalo]

Northern NJ is $3. 59 right now. I cant afford to drive anymore. Its horrible.



I think its funny that when oil goes up the fuel stations change prices in a matter of hours. When oil goes down a little like a few weeks ago,prices by me didnt drop at all.



I live not 40 miles from the port where oil comes in to the country. Wouldnt you think the fuel would be cheaper here since it dosent have to get trucked as far? Or is that just stupid...

 

[JGoss]

$3. 52 in Mid-MO. yesterday.

 

[HBarlow]

Northern NJ is $3. 59 right now. I cant afford to drive anymore. Its horrible.



I think its funny that when oil goes up the fuel stations change prices in a matter of hours. When oil goes down a little like a few weeks ago,prices by me didnt drop at all.



I live not 40 miles from the port where oil comes in to the country. Wouldnt you think the fuel would be cheaper here since it dosent have to get trucked as far? Or is that just stupid...

No. Crude oil isn't trucked from a tanker to a corner gas/diesel station. Crude oil is refined first.



Check and compare the NJ fuel taxes on diesel to the states where fuel is cheaper like TX, OK, MO, VA, and several others then you'll have an idea what your state legislators and governor are doing to you.



Harvey

 

[BHolm]

No. Crude oil isn't trucked from a tanker to a corner gas/diesel station. Crude oil is refined first.



Check and compare the NJ tax taxes on diesel to the states where fuel is cheaper like TX, OK, MO, VA, and several others then you'll have an idea what your state legislators and governor are doing to you.



Harvey

Agreed, you guys that think it is the oil companies are wrong. That is propoganda. The liberals in the country want you PO'ed at big business. Keep in mind, they need profits to invest in exploration. Steal the profits and screw yourself. This country needs to wake up and DRILL. We could be totally self sufficient if the libs and greenies would allow it. Then keep in mind that only 25% of our oil comes from the towel heads, the rest from Canada and Mexico. No wonder we have a south of the border immigration problem. If the governement cared one whit about us they would clean up their act, drop the insane fuel taxes, that is a much better solution than blaming private companies for making money. If we did that with all businesses the economy would completely collapse. The only entity screwing us is our own group of greedy, selfish politicians. What is scary is that it gets worse every election, look at the absolute dearth of talent we have to choose from this time. :{

 

[HBarlow]

... ... ... ... ... ... The only entity screwing us is our own group of greedy, selfish politicians. What is scary is that it gets worse every election, look at the absolute dearth of talent we have to choose from this time. :{

You are absolutely correct and I'm glad you said it here.



Harvey

 

[gsbrockman]

Then keep in mind that only 25% of our oil comes from the towel heads

Are you formerly from KY ? :-laf

 

[TCDiesel]

You are absolutely correct and I'm glad you said it here.



Harvey

X3 ,I am trying to forget the who they are,Instead of running on the platform of truth all they do is :-{}

 

[MMichaels]

Solutions to the problem of high fuel prices...

1. Nationalize all American oil companies. You say you don't like the way the government does business? Do you like the fact that Exxon-Mobil made $43 Billion in profits last year?



2. The United States government shall declare a National Business Holiday: for 30 days, allow no exports out of and no imports into the United States, to or from ALL other nations.



3. Congress shall immediately repeal NAFTA and all other enactments deemed to be harmful to the people of the United States.



4. Anyone who is found guilty of "insider trading," "stock manipulation," "price fixing" or by any other means causing the illicit increase of any natural resource belonging to the people of the United States shall be deemed guilty of treason, the penalty for which is death by hanging.



And, No, I'm not kidding.

 

[rbattelle]

That's why we need an honest person, like Ron Paul to put both the BIG OIL and The Global Warming people in their rightful palces. Write him in on the ballot anyway, or things will keep going in the current direction.

That's what I plan to do.

We might as well plan on paying what they pay in Europe.

I agree.

TRUCK for sale... Anyone want an 03 305/555 ?? This will put me in the poor house

Me too. Thank God I have a Civic to drive daily.

I think its funny that when oil goes up the fuel stations change prices in a matter of hours. When oil goes down a little like a few weeks ago,prices by me didnt drop at all.

Funny, but not "ha ha" funny. This bothers me too.

Agreed, you guys that think it is the oil companies are wrong. That is propoganda. The liberals in the country want you PO'ed at big business. Keep in mind, they need profits to invest in exploration. Steal the profits and screw yourself. This country needs to wake up and DRILL. We could be totally self sufficient if the libs and greenies would allow it. Then keep in mind that only 25% of our oil comes from the towel heads, the rest from Canada and Mexico. No wonder we have a south of the border immigration problem. If the governement cared one whit about us they would clean up their act, drop the insane fuel taxes, that is a much better solution than blaming private companies for making money. If we did that with all businesses the economy would completely collapse. The only entity screwing us is our own group of greedy, selfish politicians. What is scary is that it gets worse every election, look at the absolute dearth of talent we have to choose from this time. :{

AMEN, BHolm! I wouldn't want someone telling me how much I'm allowed to make.

I figure there are 2 ways to handle fuel prices. Either lament how awful your life is, or do something to better your situation. One is easy, one is hard. Each of us is free to choose.

Ryan
On edit: diesel is running ~$3. 65 here, gasoline ~$3. 15.

 

[HBarlow]

I wish everyone who complains or whines about fuel prices would read and understand your comment. As a matter of fact, I wish everyone who whines about job opportunity, economic conditions, the cost of living, and even politics would read and heed your words.



Harvey

 

[BHolm]

1. Nationalize all American oil companies. You say you don't like the way the government does business? Do you like the fact that Exxon-Mobil made $43 Billion in profits last year?

Ahhhh, Socialism... . doesn't work anywhere else in the world, maybe we should try it? Are you nuts?



I LOVE that Exxon-Mobile made $43 billion, do you have any idea how many hundreds of thousands average Joes in this country benefitted from that by virtue of having oil company stock in their 401k's? You act like some guy took that home last year and screwed everybody else... WRONG.



Take a little deeper look. Do you know that something less than half of that was because of profits made in other countries? Do you have any clue how much friggen product they have to move to get that kind of profit? It is a worldwide business, I would guess at best they are around 10-20% profit which is where every mom and pop business in America is. Lets put the government in charge of that too. It would only be fair right? Can't you see the slippery slope you are on?



Here we go guys... . sorry for the politics post in and election year:-{}

 

[ENafziger]

If the governement cared one whit about us they would clean up their act, drop the insane fuel taxes, that is a much better solution than blaming private companies for making money.

I'm asking here, because I really don't know. However, I just looked up the tax rate on fuel a couple days ago, and it really isn't that high.

For example, in Tennesse, the tax paid on a gallon of diesel bought at the pump is 42. 8 cents/gallon. This includes federal tax, state tax, and an environmental tax.

With crude price hovering around $104/barrell right now, that's around $1. 89 / gallon.

Thus, $1. 89 for the crude and $0. 428 for tax comes to $2. 32/gallon. Does the rest of the cost (~ $1. 30/gallon) go toward refining, additives, shipping, and profit?

It was stated a few posts above the multi-million dollar profit by big oil was justified because they have so much research, exploration, etc. costs; however, I also heard that there has not been a new refinery built in the US in over 23 years? Something doesn't make sense... while something else makes cents!

I do know that fuel price has nearly double to tripled in the last 4-5 years, and a large part of that is blamed on demand. Again, that doesn't make sense to me. The population of people who use the oil hasn't tripled in 4 years...

???

--Eric

 

[DCreed]

and 5 of 6 largest oil pools in the world havent been tapped yet. HMMM...

 

[BHolm]

I'm asking here, because I really don't know. However, I just looked up the tax rate on fuel a couple days ago, and it really isn't that high.



For example, in Tennesse, the tax paid on a gallon of diesel bought at the pump is 42. 8 cents/gallon. This includes federal tax, state tax, and an environmental tax.

43 cents a gallon doesn't seem like all that much? Seems like an aweful lot to me.

With crude price hovering around $104/barrell right now, that's around $1. 89 / gallon.



Thus, $1. 89 for the crude and $0. 428 for tax comes to $2. 32/gallon. Does the rest of the cost (~ $1. 30/gallon) go toward refining, additives, shipping, and profit?

So the rest is what, roughly 30%? Then you allude to further costs, refining I think can be lumped with the additives, then shipping. Is is fair to say that those costs could eat up half or better of the $1. 30? It was also our infinately knowledgable govenment that instituted the ULSD foolishness and related emmissions junk in order that the new diesels actually use more fuel? Good thinking, another increase in demand created artificially.

It was stated a few posts above the multi-million dollar profit by big oil was justified because they have so much research, exploration, etc. costs; however, I also heard that there has not been a new refinery built in the US in over 23 years? Something doesn't make sense... while something else makes cents!

The greenies and the liberals have been fighting this forever. Shame on the Republicans for not getting the TRUTH out and trying to find a solution. This doesn't mean that the oil companies are not still working on finding more oil and creative ways to get their hands on it. Putting the government in charge of this as suggested earlier would certainly be the end of the oil business period. Of course, there are plenty of people in this country advocating just that. They have clearly not considered the consequences of such action, nor do I believe they care.

I do know that fuel price has nearly double to tripled in the last 4-5 years, and a large part of that is blamed on demand. Again, that doesn't make sense to me. The population of people who use the oil hasn't tripled in 4 years...



???



--Eric

I certainly do not have all of the answers, or all of the numbers. Our economy is growing, more importantly the Chinese economy in particular has a new and voracious appetite for crude and they are willing and able to pay. This drives the price up. Once again, domestic exploration and refining needs to move forward. The truely SCARY part is that even if we started today it would take a decade to even come close to fixing the problem. The longer we wait, the worse it gets

 

[TboneMan]

"I do know that fuel price has nearly double to tripled in the last 4-5 years, and a large part of that is blamed on demand. Again, that doesn't make sense to me. The population of people who use the oil hasn't tripled in 4 years... "



True, total population has not seen the proportionate increase, but the number of people USING oil has. India and China, two of the most populous countries in the world have awaken from their dark and sheltered past.



Growing demand for their products (manufactured or service sector) means more people in these countries work (as oppose to subsistence farming). More workers means more people with money (dispight their relatively, by US terms, low salaries). More money means they buy more things... .



Additionally, do you see many vehicles in the US that get 40-60 mpg? People in the US freely choose to drive big inefficient vehicles. It will come to a point when US citizens will need to freely choose to drive more efficiently (habits and vehicles) to reduce demand.

 

[DCreed]

Additionally, do you see many vehicles in the US that get 40-60 mpg? People in the US freely choose to drive big inefficient vehicles. It will come to a point when US citizens will need to freely choose to drive more efficiently (habits and vehicles) to reduce demand.

... and oddly Detroit is building LESS efficiant vehicles?

 

[HBarlow]

Of course they are building less efficient vehicles. That is what their customers demand.



That is the fundamental of business. If you provide a product or service that others want they buy if from you. If you offer a product or service nobody wants to buy you go out of business... ..... quickly.



What would you build if you were a car company executive?



Harvey