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Who's paying over $3.50 for Diesel?

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COBRAJET said:
I paid 2. 90 in OKC 4 days ago. Flying J's four stations in OK according to their website are all in the low 2. 90's. You must be in a small town or shop at the wrong station.



And you think that's cheap?
 
JRMora said:
Ran 2000 miles on vacation (Albuquerque-L. A. -Las Vegas- Albuquerque) pulling our fifth wheel a week ago. The lowest we paid was $2. 82, the highest was $4. 49!



Yup, mistimed my fuel stop and had to fuel up in the middle of the desert on I-40 between Needles and Barstow. Needless to say, I only put in enough to get to Barstow.



Ouch...



Uploaded this picture - I had to take it!
 
Sled dog,



I do not recall calling the price "cheap". I drive 70K miles a year and employ 17 others driving 45-70K a year... all in diesel pickups. I will spend close to 200K on diesel this year on projects that were bid two years ago with no way to charge for any of the additional cost. The cost of diesel comes right out of my pocket to the tune of 35 fillups a week.
 
COBRAJET said:
Sled dog,



I do not recall calling the price "cheap". I drive 70K miles a year and employ 17 others driving 45-70K a year... all in diesel pickups. I will spend close to 200K on diesel this year on projects that were bid two years ago with no way to charge for any of the additional cost. The cost of diesel comes right out of my pocket to the tune of 35 fillups a week.



I FEEL your Pain. I'm Just Tired of getting HOSED.



To bad you didn't stipulate Fuel Cost Adjustment.
 
JRMora, where did you take the photo of the pump display? :eek:



I saw $3. 75 in Cle Elum WA over the weekend. Paid $3. 45 after discount to fill up today.
 
Vaughn,



I use to live up in Redmond and visited the Northwest Bombers a few years back after I had moved to Texas. Nowel aka HVAC was down here several times installing twins on a friends truck. We drank a few cold ones... he was real good at that!! Rob Hanson sure sounds familiar... . what is the story there. Thanks, David
 
COBRAJET said:
Vaughn,

Rob Hanson sure sounds familiar... . what is the story there. Thanks, David

David, I remember when you came up this way, must have been '02 or so. Rob showed me a picture of when you were up and met some of the Bombers. I wasn't there that time, would have like to have met you. It was Rob's place you were at, it's where many many BOMB parties happened.



Unfortunately in early '04 he began having odd symptoms and his health started deteriorating, and after seeing many many doctors was eventually diagnoses with ALS. He passed away July '05. He fought like a trooper to the last day. Rob is greatly missed :(



http://www.nwbombers.com/forum/index.php?showtopic=16001
 
Vaughn MacKenzie said:
JRMora, where did you take the photo of the pump display? :eek:



At a point almost exactly half way between Needles and Barstow, CA on I-40.



As previously mentioned, I goofed on fueling. I had planned on stopping in Needles, but when I pulled into town (wrong thing to do on an early Sunday morning) the only stations open wouldn't fit my 13' tall fifth wheel. I saw a sign that said next facilities 35 miles, so I just pushed on. As I later found out, that was for a rest stop, not a fuel stop. With all the uphill driving coming out of Needles (I forgot it's not flat there), I decided that caution was the better plan (that and it was HOT out there!).



Won't do that again!



Juan
 
Royalty owners (the folks that own the mineral rights to the oil & gas under their property) here in Texas are paid based on a percentage of the oil & gas production, not the price.



That is, 12. 5% or 18%, etc. , of what is produced. So, if the price of oil & gas rises, the landowner gets a bigger check. If the price goes down, his check gets smaller. The landowner was paid, up front before the well was drilled, for the amount of acreage leased and surface damages for pits dug, fields not planted, knocking down trees, roads built and other consideration for the noise and lights 24/7 while drilling the well. Not to mention, building fences, roads, cattleguards and maybe a water well for the landowner.



The best way to drill an oil well, is with someone else's money; and that is exactly what the royalty owner does.



If the landowner is not happy with the deal, he agreed to, with the oil company, he should not have signed the lease agreement.



Oil Company Rule #1: Keep the landowner happy.



Oil Company Rule #2: See rule #1
 
But not all royalty payment are based upon current prices, and none that I know of are based upon price that the futures are for the day of production, as it seems that the price of fuel is.
 
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