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My jaw dropped today.........
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Wow. Sure glad I made it outta California. $2. 28 is the cheapest I see in Anchorage today. Who woulda thunk I'd ever have thought of that as "cheap". 
One thing that always amazes me is the disparity of prices all within a localized area. For example, looking at http://www.californiagasprices.com , diesel just in Orange alone ranges from $2. 65 at the Arco on Chapman, to $3. 09 at 76 on Santiago. I know which one of those I'd be going to...
Often, the price of saving money is inconvenience. But for 44 cents/gallon I know I'd sure be shopping around online rather than making spontaneous fuel stops like I'm used to.
aJ
One thing that always amazes me is the disparity of prices all within a localized area. For example, looking at http://www.californiagasprices.com , diesel just in Orange alone ranges from $2. 65 at the Arco on Chapman, to $3. 09 at 76 on Santiago. I know which one of those I'd be going to...
Often, the price of saving money is inconvenience. But for 44 cents/gallon I know I'd sure be shopping around online rather than making spontaneous fuel stops like I'm used to.
aJ
I paid $3. 059 per gallon today to fill up. $96 to fill it. I was a bit miffed. When I complained to the attendant, the guy told me he can't do anything about it. It's a corporate-owned Chevron, and they dictate the price.
I can't wait 'til Chevron buys Unocal. That will be great for all of us. Even less competition. In the Bay Area that cuts our refineries down to two. Great. $3. 50 and up here we come.
I can't wait 'til Chevron buys Unocal. That will be great for all of us. Even less competition. In the Bay Area that cuts our refineries down to two. Great. $3. 50 and up here we come.
Talk about a jaw dropping...
#ad
Roseville, CA today.
Chevron refinery in El Segunda had a fire two weeks ago in the area specific to refining diesel. Should be back online in another 7-10 days.
http://www.lompocrecord.com/articles/2005/08/05/news/news13.txt
#adRoseville, CA today.
Chevron refinery in El Segunda had a fire two weeks ago in the area specific to refining diesel. Should be back online in another 7-10 days.
http://www.lompocrecord.com/articles/2005/08/05/news/news13.txt
Last edited by a moderator:
DGFoster
You think your life stinks... take a whiff of mine !! :{
You think your life stinks... take a whiff of mine !! :{
I think we should send a couple of Wal Mart CEO and have them neg. a deal with the ARAB's for 10 dollars a barrel no more. Iam scared to go fill up today here in vegas.
3. 01 here in Northern Nevada. Welcome to the new world economy. Inflation is up,food is sky high,people cannot afford a starter home. Oil prices are thru the moon and we are in a war that we have no plans to ever get out of. So what does Mr Bush do- take a 5 week vacation. I guess to go count the family's oil profits. So happy life is grand for the 1%er's.
gsbrockman
TDR MEMBER
Somewhat lucky in McKee, Kentucky (I'm a poet & didn't know it)
$1. 999 for good ol' #2 at a Shell Food Mart... I topped off the '03 after church. Now I gotta go top off the wife's '05 Jeep Liberty Limited 4x4 CRD.
Greg
$1. 999 for good ol' #2 at a Shell Food Mart... I topped off the '03 after church. Now I gotta go top off the wife's '05 Jeep Liberty Limited 4x4 CRD.
Greg
Edgemann55 said:
Ok my post about the different states and gas thing didnt stick. Tell me how GW makes gas prices 1. 99 in one state and 3. 25 in another? Some of you disgruntled folk need to do some research and pick a battle you have some knowledge of. I worry about the aimless redrick being spewed to other people who don't educate themselves on the goings on in the world.
Perhaps moving to Alaska, or 15 other lower cost states would save people enough on fuel to buy a clue.
The sky-high price of diesel and the rest is due to 3 things:
1. Speculators (investors) who know the easy pickin's for crude oil are developed and its not easy to bring more capacity on-line. Its being done, but it takes time and money. In the mean time they are showing a bit of panic and buying at any price. I hope it blows up in their face, but I'm afraid it won't.
2. Demand. It just keeps rising. Both here and abroad. Especial in the far East, Asia, and India. China is exploding and demand it rising daily there. They have oil reserves too, but not as well developed. Some day though... And India. All those out-sourced jobs are putting money in their pockets and development and demand from India is likewise rising. And as far as diesel goes, I read recently that the demand for diesel is rising something like 5 or 10 percent per year (notice all the PS, Duramaxs, CTD out there these days, and VW diesels, and big rigs - every 5th vehicle on the freeway is a big rig - sorry guys, I know that's a sore spot for "drivers"). But refining capacity is only increasing by about 2 to 5 percent per year (can't remember the exact numbers, but the refining increases are way lower than demand increases). Rbattelle thinks it makes sense to sit on what you've got cuz demand will fall off due to the hybrids and such. I don't think that's going to happen for a long time. The demand is going to out-run the alternatives. What business man in his right mind would sit on one store making a huge profit when, IF he could open another one, he'd double his income?
3. Refining capacity. Sorta covered that above. But no one is building refineries in the US. Nobody wants them around. Not cost effective to build them way out in the boonies, gotta be where you can get oil to them and pipe end-product out and get workers to run them. Plus, they take years to build. Yeah, government regs are a big part of it too. In fact, in the last 10 or 20 years the number of refineries in the country has been cut in something like half due to shut-downs. So the only option is to build them in another country. So be prepared to start getting your diesel and gasoline SHIPPED into the US one of these days, not just the crude.
One more thing: as to the issue of what the companies (oil or refiners) are doing with the windfall. I have a cousin who is chemical engineer for Chevron. He works directly on increasing crude extraction capability. He says Chevron is dumping every dime it's making back into increasing capacity. There's too much money to be made on doing that rather than just hoard the profits at the current rate.
So, what's the options? I hope speculators get burned and the frenzy dies down, but I dought that will happen. But then, back in '99 anything dot-com was a sure hit, right? Oil extraction improves. They're working on it, really. If things would stabilze in Iraq and the things would change in Venezuella (yeah, political turmoil there has restricted things and they are a big producer), that would help ease the supply concerns. But I don't know what will happen with refineries. Even if they started 25 more tomorrow, they wouldn't be producing for something like 5 years.
Anyway, that just my perspective and useless opinion (except the part from my cousin) at 10:30 at night.
See you tomorrow,
-Jay
1. Speculators (investors) who know the easy pickin's for crude oil are developed and its not easy to bring more capacity on-line. Its being done, but it takes time and money. In the mean time they are showing a bit of panic and buying at any price. I hope it blows up in their face, but I'm afraid it won't.
2. Demand. It just keeps rising. Both here and abroad. Especial in the far East, Asia, and India. China is exploding and demand it rising daily there. They have oil reserves too, but not as well developed. Some day though... And India. All those out-sourced jobs are putting money in their pockets and development and demand from India is likewise rising. And as far as diesel goes, I read recently that the demand for diesel is rising something like 5 or 10 percent per year (notice all the PS, Duramaxs, CTD out there these days, and VW diesels, and big rigs - every 5th vehicle on the freeway is a big rig - sorry guys, I know that's a sore spot for "drivers"). But refining capacity is only increasing by about 2 to 5 percent per year (can't remember the exact numbers, but the refining increases are way lower than demand increases). Rbattelle thinks it makes sense to sit on what you've got cuz demand will fall off due to the hybrids and such. I don't think that's going to happen for a long time. The demand is going to out-run the alternatives. What business man in his right mind would sit on one store making a huge profit when, IF he could open another one, he'd double his income?
3. Refining capacity. Sorta covered that above. But no one is building refineries in the US. Nobody wants them around. Not cost effective to build them way out in the boonies, gotta be where you can get oil to them and pipe end-product out and get workers to run them. Plus, they take years to build. Yeah, government regs are a big part of it too. In fact, in the last 10 or 20 years the number of refineries in the country has been cut in something like half due to shut-downs. So the only option is to build them in another country. So be prepared to start getting your diesel and gasoline SHIPPED into the US one of these days, not just the crude.
One more thing: as to the issue of what the companies (oil or refiners) are doing with the windfall. I have a cousin who is chemical engineer for Chevron. He works directly on increasing crude extraction capability. He says Chevron is dumping every dime it's making back into increasing capacity. There's too much money to be made on doing that rather than just hoard the profits at the current rate.
So, what's the options? I hope speculators get burned and the frenzy dies down, but I dought that will happen. But then, back in '99 anything dot-com was a sure hit, right? Oil extraction improves. They're working on it, really. If things would stabilze in Iraq and the things would change in Venezuella (yeah, political turmoil there has restricted things and they are a big producer), that would help ease the supply concerns. But I don't know what will happen with refineries. Even if they started 25 more tomorrow, they wouldn't be producing for something like 5 years.
Anyway, that just my perspective and useless opinion (except the part from my cousin) at 10:30 at night.
See you tomorrow,
-Jay
The sky-high price of diesel and the rest is due to 3 things:
1. Speculators (investors) who know the easy pickin's for crude oil are developed and its not easy to bring more capacity on-line. Its being done, but it takes time and money. In the mean time they are showing a bit of panic and buying at any price. I hope it blows up in their face, but I'm afraid it won't.
2. Demand. It just keeps rising. Both here and abroad. Especial in the far East, Asia, and India. China is exploding and demand it rising daily there. They have oil reserves too, but not as well developed. Some day though... And India. All those out-sourced jobs are putting money in their pockets and development and demand from India is likewise rising. And as far as diesel goes, I read recently that the demand for diesel is rising something like 5 or 10 percent per year (notice all the PS, Duramaxs, CTD out there these days, and VW diesels, and big rigs - every 5th vehicle on the freeway is a big rig - sorry guys, I know that's a sore spot for "drivers"). But refining capacity is only increasing by about 2 to 5 percent per year (can't remember the exact numbers, but the refining increases are way lower than demand increases). Rbattelle thinks it makes sense to sit on what you've got cuz demand will fall off due to the hybrids and such. I don't think that's going to happen for a long time. The demand is going to out-run the alternatives. What business man in his right mind would sit on one store making a huge profit when, IF he could open another one, he'd double his income?
3. Refining capacity. Sorta covered that above. But no one is building refineries in the US. Nobody wants them around. Not cost effective to build them way out in the boonies, gotta be where you can get oil to them and pipe end-product out and get workers to run them. Plus, they take years to build. Yeah, government regs are a big part of it too. In fact, in the last 10 or 20 years the number of refineries in the country has been cut in something like half due to shut-downs. So the only option is to build them in another country. So be prepared to start getting your diesel and gasoline SHIPPED into the US one of these days, not just the crude.
One more thing: as to the issue of what the companies (oil or refiners) are doing with the windfall. I have a cousin who is chemical engineer for Chevron. He works directly on increasing crude extraction capability. He says Chevron is dumping every dime it's making back into increasing capacity. There's too much money to be made on doing that rather than just hoard the profits at the current rate.
So, what's the options? I hope speculators get burned and the frenzy dies down, but I doubt that will happen. But then, back in '99 anything dot-com was a sure hit, right? Oil extraction improves. They're working on it, really. If things would stabilze in Iraq and the things would change in Venezuella (yeah, political turmoil there has restricted things and they are a big producer), that would help ease the supply concerns. But I don't know what will happen with refineries. Even if they started 25 more tomorrow, they wouldn't be producing for something like 5 years.
Anyway, that just my perspective and useless opinion (except the part from my cousin) at 10:30 at night.
See you tomorrow,
-Jay
1. Speculators (investors) who know the easy pickin's for crude oil are developed and its not easy to bring more capacity on-line. Its being done, but it takes time and money. In the mean time they are showing a bit of panic and buying at any price. I hope it blows up in their face, but I'm afraid it won't.
2. Demand. It just keeps rising. Both here and abroad. Especial in the far East, Asia, and India. China is exploding and demand it rising daily there. They have oil reserves too, but not as well developed. Some day though... And India. All those out-sourced jobs are putting money in their pockets and development and demand from India is likewise rising. And as far as diesel goes, I read recently that the demand for diesel is rising something like 5 or 10 percent per year (notice all the PS, Duramaxs, CTD out there these days, and VW diesels, and big rigs - every 5th vehicle on the freeway is a big rig - sorry guys, I know that's a sore spot for "drivers"). But refining capacity is only increasing by about 2 to 5 percent per year (can't remember the exact numbers, but the refining increases are way lower than demand increases). Rbattelle thinks it makes sense to sit on what you've got cuz demand will fall off due to the hybrids and such. I don't think that's going to happen for a long time. The demand is going to out-run the alternatives. What business man in his right mind would sit on one store making a huge profit when, IF he could open another one, he'd double his income?
3. Refining capacity. Sorta covered that above. But no one is building refineries in the US. Nobody wants them around. Not cost effective to build them way out in the boonies, gotta be where you can get oil to them and pipe end-product out and get workers to run them. Plus, they take years to build. Yeah, government regs are a big part of it too. In fact, in the last 10 or 20 years the number of refineries in the country has been cut in something like half due to shut-downs. So the only option is to build them in another country. So be prepared to start getting your diesel and gasoline SHIPPED into the US one of these days, not just the crude.
One more thing: as to the issue of what the companies (oil or refiners) are doing with the windfall. I have a cousin who is chemical engineer for Chevron. He works directly on increasing crude extraction capability. He says Chevron is dumping every dime it's making back into increasing capacity. There's too much money to be made on doing that rather than just hoard the profits at the current rate.
So, what's the options? I hope speculators get burned and the frenzy dies down, but I doubt that will happen. But then, back in '99 anything dot-com was a sure hit, right? Oil extraction improves. They're working on it, really. If things would stabilze in Iraq and the things would change in Venezuella (yeah, political turmoil there has restricted things and they are a big producer), that would help ease the supply concerns. But I don't know what will happen with refineries. Even if they started 25 more tomorrow, they wouldn't be producing for something like 5 years.
Anyway, that just my perspective and useless opinion (except the part from my cousin) at 10:30 at night.
See you tomorrow,
-Jay
The price for oil is up this morning and has broken the recent record. Issues in Iran over their nuclear program and, if I heard right, closing of the US embassy in Saudi (?) - only caught a few words. Speculators are running scared.
Price signs at stations ought to just go electronic so they can change them from moment to moment from inside.
-Jay
Price signs at stations ought to just go electronic so they can change them from moment to moment from inside.
-Jay
I drove through NY and NJ last night down i-95 and it was 2. 25. i believe there is a huge demand, but i think that prices go up everytime someone coughs in the middle east or there is a 30 mph wind in the gulf. i believe clinton opened up the petroleum reserve to give us a buffer to protect us from the sudden fluctuations. now why won't bush and cheney do that? oh, wait they have a lot of money in oil. i don't mean to speak ill of my commander in cheif, but you gotta call a spade a spade.
Hercules130 said:
Look, the reserve isn't there to provide Americans with a little price relief. The reserve was created to combat what happened in the seventies with the oil embargo. To ask the government to release oil just so you can save 2 or 3 pennies per gallon is ridiculous.
I just got back from Ireland, the Netherlands, and Norway. In each of those countries diesel is about $5-$6 per gallon.
I don't like paying $3+ per gallon, but the fact of the matter is that Americans still have some of the cheapest fuel in the world.
It's our fault that we all drive gas guzzlers. Either pony up or buy yourself a little 4-banger to save some $$$. I have a small beater just for that reason.
You can't expect the government to combat fuel prices. Come on! This is AMERICA, land of capitalism. Our fuel prices are resulting from the laws of supply and demand.
Many in this country want the government to control more and more aspects of life. Pretty soon we'll be a socialist country!
W does not need to release the reserves. He has no political reason to do it, whether it be a re-election campaign or anything else. Plus, the benefit of releasing the oil nowhere comes close to the potential disaster it could create in the years to come.
And another thing, it's the increase in crude prices that is causing our high diesel prices. It's OPEC making the money. The guys sucking it out of the ground.
It is not a "value added" price increase. The refiners aren't bumping their charges to refine the fuel. The refiners aren't gouging us, they're just passing along the cost.
Since diesel is easier to refine, it's more susceptible to crude oil price variations. Add to that it's similarity to jet fuel and heating oil, and it's no surprise that prices are up.
It is not a "value added" price increase. The refiners aren't bumping their charges to refine the fuel. The refiners aren't gouging us, they're just passing along the cost.
Since diesel is easier to refine, it's more susceptible to crude oil price variations. Add to that it's similarity to jet fuel and heating oil, and it's no surprise that prices are up.
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Issue 128 – Digital Version
Digital Magazines
FREE!
TDR Test Drive - Digital Edition
Renew
Subscribe
Gift Subscriptions
Back Issues
Subscription Status
Address Change Form
Buyer's Guides
Ram Diagnostic Trouble Codes
The Perfect Collection
The Perfect Collection Vol. II
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Dodge/Cummins Historical Overview
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What Makes Us Tick?
Product Showcase
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