2nd Gen Non-Engine/Transmission Fuel Prices

[AMatsonIII]

Looking at info as what type of car starter to put in my truck. And came across the fuel price rant. Decided to look back with a search on the topic and came across this.



It is $1. 24 on IH 35 south of Austin at the HEB in Buda Texas. I paid $1. 29 in South Austin a few days ago.



God Bless Texas!



If we only knew. Now it is 3. 28 in NH I would love for it to be 1. 24 again. Remember when I first got my license and fuel was . 89/gal that last for about 2 months.



Just thought we could use a laugh even though it is twisted where the prices are going

 

[FLynes]

Diesel here in San Angelo, TX has risen $. 10 in the last four days. It is now $3. 14/gal. I know that a barrel of light sweet closed at $91. 86 today, but this supply and demand BS is getting ridiculous. I'm getting ready to park the dually and just drive the wife's BMW. I wonder if going to the District Attorney to see if they'll look into the price increase will get any results.



Diesel hasn't been $1. 24 in quite awhile, even in Texas, and especially at the HEB in Buda.



http://www.austingasprices.com/index.aspx?fuel=D



I found this link interesting, though:



USATODAY.com - Formula change worries keep diesel prices up

 

[Ragain]

The last cheap fuel I remember buying was in early '98. The Tonkawa, Oklahoma Love's was 0. 789¢ a gallon. I really thought I saved big money on that because KS fuel was going for 0. 909¢ a gallon. I don't miss that particular time in my life, but I DO miss those fuel prices!!!

At 12:00 am, 10/30/07, Flying J in Lake Park (Valdosta), Georgia it has been confirmed... ... $3. 999 a gallon for ULSD diesel!!! WHAT'S GOING ON HERE?!!

 

[ekroman]

What's going on?



It's speculation in the crude oil futures market.



Everyone has abandoned real estate. Eventually, the market will correct (dare I say: collapse?) and they'll start speculating elsewhere.



They should buy IBM stock. Lots and lots of it. (I've got some).



Eddie

 

[Tractorat]

Dont expect the price of oil to go down. The oil suppliers know they can get it. They will want to maintain the same profits and they will.



There hasnt been a "market" in oil and gas that was regulated by supply and demand for several years now.

 

[FLynes]

Tractorat, that's why I called it supply & demand BS. The oil magnates say that because the big rigs use diesel, there's a bigger demand. I say horse hockey (as Colonel Potter would say).

 

[Tractorat]

FLynes,

Yeh, you and I are on the same page. A lot of people, though, always try to say the supply and demand is the problem and the answer. I think that more and more people are starting to figure out what you and I have already figured out long ago. Maybe congress or the world will do something about it. (but probably not)

 

[AMatsonIII]

I should have said that I found that in a thread during the search. That was from 2000. So I have to agree with everyone that this is out of control. Fuel needs to come back down so it is affordable

 

[FLynes]

Well, Tractorat, if we could get the libs on board with the idea of drilling in ANWAR, drill more off the Florida and West Coasts (since the Chinese Communists are doing it right now) and get the EPA to back off on their rules and regulations and build more refineries, I think you'd see the price of crude go way down, along with the price of fuel. I saw a report the other day from a geologist who said that the estimated pools of oil in the US ground would give us enough for at least 1000 years, contrary to what the libs would have us believe.



Hell, if you could get a 70 LS-5 Chevelle to sound the way it did back then but on solar power, I'd buy off on it, but there's something about that rumble that just can't be duplicated. Same thing with my CTD... .

 

[Crash&Burn]

Thank goodness for my social sec. raise coming in January... ...

 

[Ragain]

FLynes... Do you think if we got the go ahead to drill in ANWAR, the greedy fools would just export the crude to Asia? (Just as they do with the Alaska Pipeline crude)

Also, I have the thought that the U. S. is waiting to deplete international reserves before they drill on home turf and re-open all the domestic capped wells.

$92 barrel sweet crude produces around 66 gal of diesel, or 58 gal of gasoline. I'd like to know why diesel, which is less refined, and produces more per barrel, costs more than gasoline!!! Hmmm... . something here doesn't compute.

 

[KCloward]

Diesel is $3. 57 here. The prices are an outrage. There are a lot more wells that need be discovered. Instead of going to Mars and wasting money in the insane money pit that NASA is (privatize space exloration) and put the money towards fuel research would be a giant step forward in my opinion.



Bryce

 

[JGK]

The price of oil is not due to US demand, but GLOBAL demand. India and China are ramping up demand at a rate unseen in the past. Other economies are also contributing. So world demand is up. Add to that the fear over potential supply interruptions due to the Turkish/Kurds issue and concern over Iran and speculators are driving up what they'll pay for a barrel.



As to US fuel supply, from what I've read recently, US refineries are pretty much up to full capacity, so even if you open reserves in Alaska, Florida or elsewhere there's not much room at the US plants to turn it into gas and distillates (diesel, heating oil).



And speaking of heating oil, of course, we're in the winter season and distillate production is going into that rather than road diesel so prices rise. Notice how its risen much faster lately than gas? We've been seeing that nearly every fall for several years.



So back to supply and refining capacity. If you think prices are high now, imagine what will happen if the US has to import refined fuel to meet domestic demand because no one wants a new refinery in their "back yard", which, by the way, would take years and years to build and bring on line.



Anyway, stop blaming the oil companies. While they probably have a bit of an impact, that's not where the big price spikes are coming from. Yeah, they'll take the money and run if offered. I mean, wouldn't you? If you can get $93 for every barell of oil you can pump (when in the past your got maybe $30) would you hold back? You'd pump every drop you can. So they are. They aren't setting the prices, speculators are throwing the money at them.



As to uncapping unused wells, I can't respond to that. I'm sure economics and environmental issues are involved. But as a business, oil companies aren't going to invest a huge amount of money to get them going if they can't be sure they'll continue to make good money on the investment. If prices drop to $50 or $60 again, these wells may go negative. That's also a reason new refineries aren't being built. They cost a ton and by the time they are built, prices may not support the investment.



So its not just US demand and greedy oil companies any more. Its global. Get used to it.



OK. I'll step down off the box now.



Next...



Jay

 

[tmh1955]

$3. 43 is the cheapest I can find here in Petaluma, CA, north of SF Bay area. Price has gone up rapidly over last couple of weeks.

 

[JesseJ]

I filled up yesterday for $3. 02 before they raised the price like the other stations around did to $3. 24. I can only drive my truck on weekends, otherwise it would kill me to fill it up all the time. Sams club is putting in gas pumps and there's been a lot of talk around here about them undercutting everyone big time just to get people in. I guess we'll have to wait and see.

I can understand the theory of letting everyone elses oil run out before we start drilling our own BUT, China, Mexico, and Cuba are drilling in the gulf of mexico right where the libs won't let us because of environmental concerns. Who is going to be more enviornmentally responsible? American companies or Cuban, Chinese, and Mexican companies? I hear Russia and Canada are also trying to do more drilling i nthe arctic where the libs won't let us either. It doesn't make any sense.

By the way, I hear that someone is trying to get through the red tape and build the first new refinery in 30 years somewhere up by Yankton, S. D. /Souix City, IA. That one should be the first of many. He's right, we can't process any more oil until we have more refineries, a lot more.

 

[Vaughn MacKenzie]

Looks like no US State averages under $3. 00 anymore:

http://www.fuelgaugereport.com/sbsavg.asp



Hawaii is the most expensive at $3. 696 and Washington 2nd at $3. 682



With all the trips I've taken to Seattle the last 2 months I'd be bankrupt if I wasn't running lots o' veggie

 

[FLynes]

FLynes... Do you think if we got the go ahead to drill in ANWAR, the greedy fools would just export the crude to Asia? (Just as they do with the Alaska Pipeline crude)

Also, I have the thought that the U. S. is waiting to deplete international reserves before they drill on home turf and re-open all the domestic capped wells...

Ragain, I have no doubt in my mind that the oil would be exported; what I would like to see is America start taking care of itself, instead of the rest of the world.



As long as dipsticks like Clinton, Obama, Durbin, Kennedy and the rest of the socialists in Congress are wasting our time with their BS on Capitol Hill, nothing will get done to improve the cost of our fuel.



I'm actually thinking about getting some used cheapo POS Jap car to get to work, and that pisses me off, because I love my truck, but there's got to be a point when too much is too much, and $3. 14/gal is too much for me.

 

[JesseJ]

Flynes- I had to do the very thing you're thinking about with the ol Hondas. Unfortunately, I was driving that all week and the truck only on weekends. I hated to do it but it was hard to ignore, it saved me $400 a month in fuel. Now I have a company truck and I hate driving a powerchoker but it's even cheaper than the Honda, kind of hard to ignore.

 

[Ragain]

FLynes... . Don't feel alone! I am getting ready to dust off my old little Honda CT70 mini-trail bike (street legal), and do my cruising around town on that. Probably gets 70 mpg..... just can't pull anything with it though.

 

[MMeier]

Barrel of crude topped over $96 today!