Diesel Fuel now $3.60/FREAKING GALLON!!!!!!!

[AMink]

Other than the switch to ULSD, has anyone heard a reasonable explanation (excuse) to why diesel is staying so much higher than it has in the past? I keep hearing that it should be cheaper because of less refining etc. , but obviously it isn't. What gives?

 

[dalexander]

Normally, diesel doesn't rise here until October (for winter mix), but ULSD must be in place by Oct 1, so you're seeing that rise right now - all diesel fuel must be ULSD by that date, so you are running on a mixture of LSD and ULSD right now if not all ULSD, depending on how quickly your local station turns its fuel over.



Paid $2. 869 at my usual Sunoco station on Friday... $90. 00 for 31. 34 gallons.

I looked at my fuel receipts for the past 4 years Diesel here in Nevada goes up in late August happened every year. I was told Harvest time plus Home heating season coming on soon after that. Fuel here is $3. 18/gal up from 2. 99/gal.



Dennis

 

[CSnyder]

Diesel is at 3. 36 here and premium gas is at 2. 57. It just makes no damn rhymn or reason for the price difference. I was in Milwaukee over the weekend and seen diesel for 3. 00 but go figure I only used about 1/4 tank getting there so it didnt seem resonable to stop and fill up there. I figured it would be higher so I filled up before I left.

 

[Nate]

I think Idaho is the most expensive in the U. S!



Cheapest place around here is 3. 53 and most expensive is 3. 73... That's out of the ~7 stations we have in town. Gas is around $3 a gal.

 

[MMichaels]

Fuel prices...

I spent the month of July in Jackson Hole, WY. When I arrived, diesel was $3. 01 a gallon. When I left last week, it was up to $3. 50!! Yesterday, near Phoenix, I filled up at $2. 87... Maybe it time to NATIONALIZE THE OIL COMPANIES.

 

[Murle]

One thing about human nature... . they are always going to complain... . I remember in 1975 when they were complaining about . 60 gal diesel... LOMA

 

[69RoadRunner]

I spent the month of July in Jackson Hole, WY. When I arrived, diesel was $3. 01 a gallon. When I left last week, it was up to $3. 50!! Yesterday, near Phoenix, I filled up at $2. 87... Maybe it time to NATIONALIZE THE OIL COMPANIES.

That's true, there's nothing run more efficiently than the government.



BTW, Chevron is already nationalized by the Communist government of Venezuela.

 

[Tractorat]

I agree, the oil companies should be nationalized. But, Ive been guilty of giving all of the blame to the oil companies (and Im not far off). However, I think I remember that the government (quite a while ago) made it so that Alaska (as well as other "American" sources of oil) can get the same price for oil that the world pays for Saudi oil. Maybe that was OK years ago. But now that we are being raped, and it is affecting the lives of every American citizen in such a negative way, why doesnt the government make Alaska etc sell the oil for pre 911 prices ($40 and less)? And then average the cost over what the country uses nationwide ? My guess is that might even do something to lower world oil prices.



My 2cents

 

[akshadow]

as an Alaskan who indirectly benefits from the high Alaska oil prices I DO not agree with artificially lowering the price paid for Alaskan oil. Also all the oil companies would do is ship less Alaska oil and wait for the shortage and higher price cause US people to complain and change it again.

How about opening the Arctic to more oil development?

 

[Tractorat]

Well, I completey understand that you, as an Alaskan, would not want the price of oil from Alaska dropped. Im sure I would feel the same way if I lived in Alaska. But that doesnt make it right to make us pay for for fuel just because the oil companies are out of control

As far as the oil companies shipping less Alaska oil. Thats were I feel the federal government should step in. I believe in capitalism. But they have pushed prices up just because they can. And it severly harms EVERYONE in the US.



As far as opening the the Arctic to more developement ? RIGHT ON, RIGHT ON, RIGHT ON !!!! Although she has done some good things (gone after Enron and won, tried to go after the heads of the big oil companies, but was shut down by powerfull Rep senators (BTW, Im pretty conservative, and usually dont agree with democrats), Our senator Maria Cantwell can be blamed for stopping that. I would be greatly thrilled to hear that a lot of Alaska money is used to help defeat her this year (although I dont know if the Rep running against her is any better)

 

[Gene Arnold]

Below quote is from the Idaho Statesman, August 30 issue (Boise is in the heart of the Treasure Valley).

AAA Idaho reported Tuesday that diesel fuel prices statewide were averaging $3. 56 a gallon — 46 cents above the national average. Hawaii's average was $3. 57. The average in the Treasure Valley was even higher: $3. 58.

Gene

 

[69RoadRunner]

Gasoline prices could keep falling



http://www.usatoday.com/money/industries/energy/2006-08-29-gas-price-usat_x.htm



Gasoline prices are falling fast and could keep dropping for months.

"The only place they have to go is down," says Fred Rozell, gasoline analyst at the Oil Price Information Service (OPIS). "We'll be closer to $2 than $3 come Thanksgiving. "



Travel organization AAA foresees prices 10 cents a gallon lower by the end of next week. It reported a nationwide average of $2. 84 Tuesday, the lowest since April 20.



PRICE HAPPY: OPEC president says $70 a barrel oil price is satisfactory



It's good news for consumers and the economy. Continued lower prices "may act like a tax cut" and stimulate spending, says Richard DeKaser, chief economist at National City in Cleveland. He calculates that higher energy prices the first six months cut growth of consumer spending 1 percentage point.



The U. S. average for a gallon of regular peaked this year at $3. 036 Aug. 10, according to OPIS/AAA daily surveys. That's slightly under the high of $3. 057 Sept. 5, a week after Hurricane Katrina battered petroleum production in the Gulf of Mexico and caused fears of fuel shortages.



OPIS' Rozell figures prices will jump again next spring.



Behind the current drop:



•The end of summer. Driving slows, reducing demand for gasoline. And federal requirements for clean air, summer-blend gasoline end next month, making gasoline cheaper to refine and import.



•Sluggish demand. Gasoline use in the first eight months of the year is up 1% vs. a year ago, less than the 1. 5% to 2% growth that's typical, says Michael Morris, analyst at the U. S. Energy Information Administration. "Wholesalers are trying to get rid of product. The growth in demand for gasoline has really tapered off," he says.



Wholesale prices are falling faster than retail gasoline prices, meaning stations are making more money than when prices were $3. Wholesale prices Tuesday ranged from $1. 77 to $1. 79 a gallon, well below the $2-plus prices typical until recently.



•Petroleum traders, worried that prices are too high to last, are selling their holdings. That pushes prices down. They also believe hurricanes won't disrupt Gulf of Mexico production, OPIS senior analyst Tom Kloza says.



Crude oil, which accounts for roughly half the price of gasoline, ended New York trading Tuesday down 90 cents, at $69. 71 a barrel. That's the first time it's closed at less than $70 since May 4.

 

[MMichaels]

Fixing oil prices, and everything else.

Just a few suggestions:



Set oil prices throughout the U. S. at $60 per barrel. For every illegal immigrant captured in the U. S. , at the borders or otherwise, charge the country of origin $1000. 00. Immediately remove all U. S. troops from Europe and from South Korea, unless the host countries agree to pay for the full cost of keeping them there. Send all the Iraqis to somewhere worse - like Puerto Rico - and declare the country a U. S. territory, giving us the right to all natural resources found therein. Establish a federal law that mandates all parking spaces be large enough to accommodate a full-size pickup truck with its doors open. Establish a federal law that mandates a check-box on every U. S. ballot that indicates "none of the above. " Show our support for the Israelis - our only friends and the only democracy in the Middle East - but guaranteeing their safety when they nuke Terhan for developing Weapons of Mass Destruction. And, finally, bring back the death penalty - by hanging - for anyone in America who drives too slowly in the fast lane.



I feel much better now.

 

[Nate]

Vote M Michaels for president!!

 

[69RoadRunner]

Don't forget about the death penalty for people who pay with a check in the express lane at the grocery store. Torture for anyone that waits until all the groceries are bagged before filling out the date, grocery store name and signing the check.

 

[Regcabguy]

TDR Humor!

Don't forget about the death penalty for people who pay with a check in the express lane at the grocery store. Torture for anyone that waits until all the groceries are bagged before filling out the date, grocery store name and signing the check.

Good one!

 

[KRStone]

lol, how do we feel now?

 

[EricBu12]

Man those are some old posts. . I thought it was current til I saw the date. .

Utah here is still at 3. 69/ gal. The bio is more than regular kind. .

 

[jgillott]

I paid 3. 82/gal here in PA yesterday.

 

[Simplysmn]

3. 85 and higher here in Southern Ca.