gas vs diesel spread

[Tractorat]

I noticed that, with the latest gas increase (this morning up another dime) the spread between diesel and supreme gas here in Bothell is only 10 cents. So, Im guessing that we can watch for a 50 cent increase in diesel here pretty soon. Oil is stil only around 40 bucks.

 

[Ken55]

i noticed the spread getting smaller too. i was hoping that they were through gouging us after all these years. sure can't see the price going back up for no reason when it's been sliding down.
ken

 

[SierraRam]

It is the same as premium here $2. 39/gal.

 

[SHobbs]

Diesel is gettin lower here, $2. 03 today and regular unleaded is $1. 75.

 

[Moe]

Diesel 2. 03 in Columbus, Ohio

 

[Vaughn MacKenzie]

Very wide spread in the Tri Cities, diesel is 60 cents higher according to AAA. Gas is $1. 97 and diesel average = $2. 59. Diesel had bottomed out at $2. 49 a few weeks ago, spiked up about 15 cents then slowly fell about 5c.

 

[MDietrich]

I rarely pay attention to the price of gas, but yesterday I was surprised to

see gas $1. 85 E-10, $1. 85 E-85, diesel $2. 09.



Beginning of the week diesel was $2. 19 and gas $1. 75 E-10 & E-85.



The truck stop where most of my fuel is purchased at is $2. 09. I get a

$. 05/gallon discount ($2. 04 my cost).



Diesel at a truck stop in South Dakota was $1. 95 with $. 10/gallon cash discount.



MD

 

[Ram4Sam]

Here in the hood, diesel has been 2. 15 per for a while now. Unleaded has crept up to 2. 07 per. Hope it lasts!

Sam

 

[Grizzly]

Average price in Albuquerque for diesel is $2. 09 and regular gasoline is $1. 85, however one Phillip 66 is selling diesel and regular gasoline for $1. 85.

 

[Hoefler]

Here in south west Missouri, $1. 95 for diesel, $1. 72 for regular no lead.

 

[VicR]

Diesel and premium are running about the same here, but I expect diesel to go up any day. I can't remeber the excuse for it going up in the spring though. Demand for home heating oil? Change over to summer blend? Too much/ too little demand? Refinery shut-down for cleaning? Increased seasonal demand in China? I'm sure it will be something.



-Vic

 

[amsoilman]

Where I live near Ogden, Utah, the difference between Regular unleaded and Diesel is . 75-. 80 per gallon!



Wayne

 

[Adventure Bob]

Its collusion I tell ya. When there was a threat of european diesels coming to america in droves, the gas companies and the us automakers colluded to raise the price to ensure the initial acceptnace testing would go unfavorably. If diesel doesnt pay off why would anyone want to buy them?

 

[opjohnny]

Honda decided to hold off bringing its diesel here till later. I believe because of fuel pricing.

 

[JDiepstra]

Still getting screwed here in Michigan by around 30 to 40 cents a gallon.

 

[Tractorat]

Oil is down in the mid 30's again. But, gas is 40 cents more that it was a month ago (?) Since everyones eye is on the credit crisis, I think the oil companies are finding they can inch prices up every week, and no one in congress will take a look at them. And, its not opec or the speculators this time. BTW, where is all the new drilling that the oil companies said they were going to do with all the profits they made in the last few years ?

 

[BrianJ]

Much of the increase in gas prices lately has had to do with unexpected drops in gasoline inventories. The price of oil has remained relatively steady, so drilling is not going to factor in the currently raising gas prices.

 

[Tractorat]

I dont think I buy that argument. Inventories may be down in some parts of the country, but not so much in others if at all. But gas is going up all over the country. Also, if gas inventories are down that much, demand certainly hasn't caused an increase in the demand for oil ($34 when I looked this morning.



I think its more a function of the spotlight not being on the oil companies now, and they know they can get away with it, and no one will make a fuss. I'm pretty sure the other issue is that the dem's are now in full control, and they are happy that gas is going up. (and Im not saying that as a political statement, but I think most people would agree that, as a whole, the current power base in the dem party wants to bring a halt to petroleum based energy (notice I said petroleum, not fossil fuel)).

 

[BrianJ]

I think its more a function of the spotlight not being on the oil companies now, and they know they can get away with it, and no one will make a fuss. .

No offense, but it's the "I think" in your statement that just shows you are speculating and pointing fingers when you don't really know, or haven't done the research to make an informed decision. Rather, you are just taking shots at easy targets.



I have family member that works for a large company that manages assets, distribution, and supply chain services related to the fuel supply chain, and he is in a position of direct exposure to pricing (among many other issues). The current prices of gasoline are DIRECTLY related to current GASOLINE inventory issues (hence the relatively steady price of oil), as well as some smaller influences to the approaching warmer weather and higher demand (i. e. spring break). Some influence also "May" be coming from the impending supply changes from winter to summer gasoline formulas. This is not simply a change over (i. e. formulation) issue, it is more involved than that when considering current inventory and production levels.



Have you ever done your own research? Financial statements are readily available with a google search for all the big oil companies. While profit dollars have been record breaking due to record breaking demand and prices, profit margins have not exceeded 9-10% in any given quarter for any of the big oil companies. Big oil profit dollars (which media and everyone else likes to focus on) doesn't mean squat without considering the rest of the picture, i. e. operating costs and gross profit percent. Even if you want to argue that 9% is high for an energy industry, which it is certainly not for a capital intensive industry), I ran some numbers (using exxon/mobile barrels produced) when prices were high last summer to see what would be the difference at the pump if their profit % was reduced to 6%, and given the tremendous volume that lead to these high profit DOLLARS, the price at the pump would have been affected less than $. 20 a gallon.



Not everything is conspiracy, which anyone can find out for themselves with a little factual research using real data.

 

[KnightR]

Have both diesel and gasoline farm vehicles. Shut the farm operation down a year ago. Place is paid for, taxes are low on my property so I'm not going to stress over fueling up. Just waiting on GOD.