Holy price increase Batman

[Regcabguy]

How about 6.01/ gallon in Manitoba Canada may also be limited to 50-70 gal. The grin needed to pay sure hurts. Laurie

Yeah,and it's your oil! $3.93 independent cash dealer today

 

[Tractorat]

We are being gouged by both the oil companies and the speculators.

 

[redbone]

3.75 in kingman az

 

[Brian Sullivan]

3.85 at speedway us23 and 6 mile Whitmore Lake Mi.

 

[jgillott]

$4.29 here for the last few weeks.

 

[TboneMan]

Most of you guys are paying for DIESEL what we're paying for GASOLINE!!!!!! I Luv NY.....NOT!

 

[Jim W]

I have seen gas being about $0.03 more than diesel lately. In fact Gas Buddy is showing gas anywhere between $3.75 a gallon to $3.89 for regular and diesel is from $3.72 to $3.89 a gallon. With premium gas being from $4.15 to $4.59 a gallon depending on station that is selling the gas. In IL diesel has about a $0.43 and gas has a $0.39 road tax on it.

So in my opinion diesel is a very good buy since diesel has more energy content than gas and right now is somewhat cheaper.

Jim W.

 

[rayjay]

Right now Premium is the same if not $.02-$.04 more that Diesel is running in Northern CO. Only sucks cause my car takes premium...lol What was I thinking?

 

[Tractorat]

I wonder how much of the gas increase is because of the shortage of corn for the ethanol because of the drought last year.

 

[Tractorat]

They said on the news today that again, the oil industry is making record profits. I guess some clown said the profits are because of tax deductions. The reason they are having record profits is because of what they are charging at the pump. JMO, but I think its time to break them up and start some competition.

 

[Killgore]

I understand that Uncle Sam gets more off a gallon than the producers. Maybe we should... Hold on a minute, I'm suppose to be a patriot.
- Ed

 

[Tractorat]

I understand that Uncle Sam gets more off a gallon than the producers

Im sure thats true. But it doesnt have anything to do with profit margins.

 

[BIGNASTY]

Im sure thats true. But it doesnt have anything to do with profit margins.

It has EVERYTHING to do with profit margins, the oil companies are working with an ever changing price of their product to manufacture what they sell. There will never be a stable oil market, Hell there will never be a stable ANYTHING market. Looking at it at your level the producers of goods are the ones to take it in the shorts, because you want the price of things to remain the same, JUST A HINT IT AIN'T NEVER GOING TO HAPPEN our Global Economy has moved so fast with new information technologies that a price change that occurred 30 years ago on oil price per gal, would have taken Months for the consumer to see, Now with information technology the way it is, Goods bought changes the price at the Walmart before the salesmen and store clerks leave the work place THAT DAY

The state and federal taxes on fuel is one of the most stable things ABOUT IT

The first and second factors come straight out of Economics 101. Most crude oil that’s refined into gasoline is produced and sold by Oil Producing Exporting Countries, or OPEC. The amount of crude oil that OPEC puts onto the market plays a large part in determining the price of a gallon of gas.

The need for gasoline both across the world and in the United States is another major factor that determines what you pay at the pump. This is part of the reason why gas prices go up during peak travel times.

When the rag-heads of OPEC get all fired up it causes a disruption in product, the ripple affect is what changes the price so fast. The consumer being the low man on the food chain is the one going to pay for the disruption. That's the reason for war IMO trying to gain control of markets so our fat cats can predict with more certainty their profit

There's more to it than just the price change at the Piggley Wiggley Store at the corner

 

[JR]

I watched an interesting video on a refinery in CA the other day at my HAZWOPER refresher. To keep a long story short, the refinery ignored Reliabilities numerous recommendations to shut the plant down to replace several sections of pipe used to carry several hundred degree crude to the column. Management ignored the recommendations for SEVERAL years and it all came to a head in 2011. A line blew a pinhole, and rather then shutting down they brought the in-house fire dept on scene to attempt to strip the insulation off the pipe to install a clamp. In the process they enlarged the hole and the pressure from within the line opened up like a pop can Spraying several firefighters with hot high pressure crude. The cloud became so large that it affected thousands of citizens in the area. OSHA came in and cleaned house. What would have cost the refinery about 10 million in lost production and maintenance to replace the old lines cost them over 11billion in lawsuits, medical bills, lots more downtime, and the new implementation of a reliability inspection program.

5Hit rolls down hill, now who do you suppose foot the bill for their mistake?

That kind of ignorance would never cut it in the industry I work in. OSHA requires a quarterly report from our reliability department. Inspections, Recommendations, and repair actions are in the report. They even want a list of the welders with their group number and the certs for each repair, along with xray results of 20% of the welds performed on EACH repair performed.

 

[BIGNASTY]

All companies of ALL things file false reports, its not just the one or two. Manufactures are going to save a buck where and on what ever they can. AND HOPE THEY GET AWAY WITH IT.

There are NO DIVINE industries that adhere to all the Government Regulated BS, they are in business to make a buck anyway they can funny that OSHA only fine them AFTER someone got hurt.

 

[Jim W]

Most of you do realize that the US is now an exporter of refined crude oil products. Do a Google search on US exports for Gas and Diesel fuels you will see that data from 2012 shows we are exporting about 8.5% of what we refined to other nations. We also export crude oil to Canada for refining purposes that may come back to the US or not.

Another problem is we have had not a new refinery built since 2008 in the US.

Jim W.

 

[BIGNASTY]

Most of you do realize that the US is now an exporter of refined crude oil products. Do a Google search on US exports for Gas and Diesel fuels you will see that data from 2012 shows we are exporting about 8.5% of what we refined to other nations. We also export crude oil to Canada for refining purposes that may come back to the US or not.

Another problem is we have had not a new refinery built since 2008 in the US.



Jim W.

Jim I think if you were to really get into the exporting of crude you might find that its a pretty select crude that others don't have, I always found it strange when hauling petro that there is much difference in Crude but there is a huge difference and some process's need the so called better crude.

I don't know about the building of refineries but im pretty sure that Calif hasn't had new ones built in much longer than 08 with the EPA restrictions on building new vs retro it was cheaper to just up grade existing plants causing a disruption in product and cause for a price increase at the pumps and have the consumer pay for the upgrade and still make more profit than they should. Its all a game that we pay for

 

[Tractorat]

It has EVERYTHING to do with profit margins

Thats not true. The oil companies profit margin is based on their total cost and what they sell the gas for at the pump. The federal tax is added at the pump along side of the oil companies price for the product. The federal gas tax certainly increases our cost at the pump, but does not affect the profit margin.

 

[BIGNASTY]

So when the price of crude goes up it don't affect the profit margin?

Crude price is the main reason for price fluctuations the oil company expects a certain amount to justifie their existence, future exploration, expansion and im sure you know what all else. Crude HAS to be figured in as a part of TOTAL COST as does the additives that are mostly petroleum based products

The State and Fed tax is not even in the oil company equation it was said to be the most stable part of the price because it most times takes quite a bit to have them changed in either direction

So maybe I worded it wrong in my post but Crude price is the main part of the problem them Damn Rag heads change the price to make their PM look good, like the rest of the world im sure that they have to account to someone as to why they didn't make as much profit as they were supposed to.

 

[Tractorat]

So when the price of crude goes up it don't affect the profit margin?

I didnt say anything about the price of crude. We were talking about the federal tax on a gallon at the pump.