Has the price of diesel jumped $0.35/gal everywhere over the last two weeks?

[CCiatteo]

I am in central NJ and about two weeks ago the price of diesel was $3. 15 and literally overnight it went to $3. 29, then a few days later to $3. 39 and now its $3. 49 and one place $3. 57????? Gas prices meanwhile have held steady, maybe going up a nickel? How is this possible... . #@$%!



Chris

 

[Gary - K7GLD]

You ain't seen NOTHIN' yet! :{

 

[CCiatteo]

You ain't seen NOTHIN' yet! :{

Spill the beans, what do you know? Does it have something to do with the gov't wanting the cruise ships to switch to ULSD? The whole supply/demand game?

 

[Gary - K7GLD]

NO, it has more to do with crude oil hitting $101 a barrel today...

 

[CCiatteo]

NO, it has more to do with crude oil hitting $101 a barrel today...

That's not good, but why no comparable change in gasoline prices? That's what's got me miffed.

 

[InfernoB]

$3. 859 in Adelanto, CA. Seems like everywhere in SoCal is over $3. 75.

I want to go back to the future when I worked in the gas jockey industry. Gas was still under 94 cents and Diesel was way below that. Back to the future you ask... . Yeah, bring back those prices to the "Future is Now. "

 

[Dl5treez]

Elma, WA - $3. 799

McCleary, WA - $3. 959

Cashmere, WA - $4. 259





Yup... we've gone clear past 4 bucks a gallon in north central Washington state.

 

[The patriot]

Diesel was $3. 31. 9 yesterday in Ocean county.

I dont really hang on the prices too much, I havent bought diesel in over 4 years.

I will need to buy some soon though... #@$%!

 

[B.G. Smith]

It's $3. 499 at Flying J in Orange today, around $3. 579 here, gasoline is $3. 059. Was $3. 139 before it started climbing the last time. They finally figured out that lube oil comes from the same barrell of crude as diesel and gasoline and it is over $2. 00 a quart now. Don't understand why diesel is $. 44 cents higher than gasoline either.

 

[Vaughn MacKenzie]

I am in central NJ and about two weeks ago the price of diesel was $3. 15 and literally overnight it went to $3. 29, then a few days later to $3. 39 and now its $3. 49 and one place $3. 57?????

You really got it easy over there! The cheapest I've seen in many many months is $3. 47



Vaughn

 

[DeezelDood]

U. S. Gasoline and Diesel Retail Prices



I'm hoping for the annul spring rite when diesel and gasoline flip in price.

 

[JDiepstra]

I thought diesel had been going up 35 cents every two weeks for the last year or so!

 

[The patriot]

The place that was $3. 31. 9 the other day is almost $3. 90 today. #@$%!

 

[KKohagen]

NO, it has more to do with crude oil hitting $101 a barrel today...

The above and don't forget about the recent refinery explosion, Tx I think. Less diesel on the market with a constant or growing demand = prices going up.

I paid $3. 699 the other day at a station that was $3. 399 for the last few months or so.

 

[DThelen]

3. 77 in michigan





2-28-08



Thanks Bush. How much money can you buddys make.

 

[TboneMan]

Actually, if you read some of trades, this spike in crude (and then fuels) has little to do with supply and demand.



Crude is a commodity, like corn, sugar, gold, iron... .



The crude spike is being caused by investors selling of their holdings of US dollars and putting that money in crude oil futures. There's little confidence that the dollar with increase in value, but oil is a good bet at this point, even with looming economic downturn.



Shy of pulling crude off the commodity markets, there's little anyone can do. That is unless demand SIGNIFICANTLY drops and makes crude a bad investment. At the price of fuel, it sure as heck should!

 

[Alphacowboy]

yeah, has gone up here as well, and then the brainiacs at the state capitol thought it would be a good idea to hike the fuel taxes . 05 a gallon this year, and possibly up to . 085 over the next 2 years. On top of that, they hiked the sales tax . 25%, upped registration fees, and a few other taxes got boosts... . talk about smart idiots. Woohoo, lets kick the man while he is down! Minnesotas Gas tax was 20 cents a gallon before this hike, now its . 25 and will possibly make it to damn near 30 cents in the near future. Makes me sick. I dont even know why I live here anymore. They hiked my property tax last year (~300 bucks more a year) and now this.

 

[NMcCoy]

In north phoenix one place is 3. 49 and about four blocks down the road it's 3. 69

 

[Vaughn MacKenzie]

It's interesting how this latest spike everyone is feeling the pain along with the Northwest. The last time prices were this high around here OR, CA & especially Washington got hammered. WA had the highest in the nation at ~$3. 75 a few months ago.

Vaughn

 

[CCiatteo]

Actually, if you read some of trades, this spike in crude (and then fuels) has little to do with supply and demand.



Crude is a commodity, like corn, sugar, gold, iron... .



The crude spike is being caused by investors selling of their holdings of US dollars and putting that money in crude oil futures. There's little confidence that the dollar with increase in value, but oil is a good bet at this point, even with looming economic downturn.



Shy of pulling crude off the commodity markets, there's little anyone can do. That is unless demand SIGNIFICANTLY drops and makes crude a bad investment. At the price of fuel, it sure as heck should!

This is the reason I wish I had a better understanding of the financial world and the markets in general. Why no comparable spike in gasonline though?



Today I noticed fuel slipped a few pennies to $3. 55, better stock up...