I think you are right that it is mostly a USA commodity phenomenon. It is all greed by the commodity traders. The media seem to be in cahoots. They only put the sensational stories that will drive the prices higher. If the news was at all balanced the oil price would drop like a rock. There is no reason it should be over $35 per barrel.
Maybe they are doing that on purpose so diesel owners don't have a stroke after seeing the price.
Diesel has been just under $3 here for a while now. Still a better buy dollar- and gallon-wise than any grade of gasoline. That $20 should net your Mom about 150 miles in the G6?
My usual Sunoco truck stop, Palisades Park NJ. Price comparison from Oct 19:
87 - $2.639 - up 8 89 - $2.759 - up 8 91 - $2.859 - up 8 93 - $2.879 - up 8 diesel - $3.019 - up 4
Good thing diesel allows me to fuel less often... I stay in the right lane and keep it below 60 mph. Five extra minutes for the commute won't kill me, and the mileage is much better.
In the same report, EIA also said refinery capacity utilization fell sharply by 0.9% to 86.2% versus expectations of a 0.5 percentage point increase. "The severe weakness in the capacity utilization number is shocking," said Kevin Kerr, president of Kerrtrade.com and editor of MarketWatch's Global Resources Trader. "$96 to $100 is now not only likely but probable within seven to 14 days if not much sooner."
What is with diesel prices? I guess I called it right passing on the GL320 CDI in favor of the Sequoia. I think the diesel price reflects the cost per barrel of oil, closer than regular unleaded.
I think I have to question the 25% stated by the UCS. According to the EIA it takes less crude oil to make a gallon of diesel than a gallon of unleaded regular. I would like to see how UCS came up with that figure.
I think the diesel price reflects the cost per barrel of oil, closer than regular unleaded.
That's probably true. My guess is that we are importing a lot more unleaded gasoline these days because it's probably as cheap or cheaper than refining it. That is limiting the extent that gas prices can go up. I don't believe we import much diesel, if any.
That may be the case. It is possible we are using our diesel as it is distilled. There are so many markets that use diesel. Jets, trains, ships, trucks, tractors, heating. Not much left for a guys Mercedes diesel to run on.
My usual Sunoco truck stop, Palisades Park NJ. Prices compared to October 29.
87 - $2.819 - up 18 89 - $2.939 - up 18 91 - $3.039 - up 18 93 - $3.059 - up 18 diesel - $3.219 - up 20
Personal record of $92.55 for a fill-up of diesel this morning.
As far as the comments regarding diesel prices... diesel is the same raw fuel as home heating oil (#2 fuel oil). In October, diesel prices ALWAYS increase as production percentages at refineries shift to meet demand for HHO. Diesel also moves to "winter-mix", where the usual #2 fuel is mixed with either kerosene or #1 fuel to lower its pour point to prevent gelling. In April when heating season is over and winter mix is no longer needed, diesel prices will drop until it's back below unleaded regular. We diesel folks are very used to this, and we gauge out fuel costs on an annual average, as opposed to any current pricing.
local Citgo took me for $2.899 per gallon for 87 octane. Been awhile since I filled up. I think the last time it was only around $2.659. Most other places are around $2.95 and up for 87, so I imagine my next fill up will be over $3/gal.
A lot of gas in the lower mainland is from 1.05-1.09/l. With ca. 3.8l/g and the Canadian dollar now up to $1.08US (as the greenback slowly seeks to mimic the Reichsmark of October 1923), that makes a good range of $4.40-$4.50US/gal in Vancouver.
Of course, even Van has a better public transit system than Seattle.
Expectations is that the price should hit the "magic" $100 by Friday
There's an inventory report that comes out this morning. If it shows another decline I think we could hit $100 today. That will probably be a psychological barrier that causes speculators to stop buying for awhile so the price increases should temporarily slow down.
Just 6 months ago the OPEC ministers were saying that $60/barrel was the number that they were comfortable with. I doubt that's the case anymore. If oil were to miraculously drop below $80/barrel I suspect OPEC would be calling some kind of meeting to discuss production cuts.
Yes, I remember the report. $60 was the number OPEC could make decent profits. I can't remember but is that when OPEC was to start with the 500K production cut, because based on the current (at the time) and projected numbers consumption was going to be down?
No body talks about that.
I was talking to a co-worker earlier today. He has a friend that works at the CBOT that stated this rise in oil is just to hit that $100/barrel price. It is believed once it hits that mark, it's going to linger a bit then fall by $20 - $30, down into the $75 ~ $75 range. The thought is that traders, speculators and the like know oil is going to drop by that amount, or even more, but they want to make remain in the mid-$70 range. This is not to be tied into the VERY WEAK dollar, inventory, supposed supply/demand issues, sun only shining between 7am and 4pm, the sky being blue instead of being blue-blue...
Sorry for the side-step tpe/group, not trying to go off on a tangent. The above is just that trader's thoughts (kind of mine's as well), not fact. But not to far from fiction
...in NE Philly has Regular at $2.89, Plus at $3.00 and "ultra?"93 at $3.11. Heck, I wouldn't mind paying the extra money if they still has real ULTRA 94!
topped of my '85 Silverado at a local Shell station yesterday. 87 was $2.989 per gallon. Normally she tries to spit 87 octane back up and I'll put in either 89 or 93, but the tank was more than half-full, so I figure the mix in there now is about 90-91.
Today I passed by that station, and 87 had crept up to $3.029.
Holding steady here at $3.09 for regular etc. but diesel moved up .04 to $3.69. That's another ten spot for you to fill up here. Ok, $11, but who's counting. :shades:
For those of you who watch/remember the movie Smokey and the Bandit, when Snowman (Jerry Reed) stops at a roadside diner/station to fill up the Kenworth, the price was just $73.84(++) for what was likely somewhere close to 200 gallons of diesel. That was in 1977 (year of film's release).
The movie actually came on last night, woh :surprise: As Rock stated, arm or leg?
Back on subject:
Today's fill-up at Meijer's: $3.079 for 87 octane; the Delta Sonic & Speedway where a tick higher at $3.089 ~ $3.119.
Petrol prices at work, which are usually higher than near home, were the same/lower @ $3.089 & $3.129 for BP, Shell & Citgo.
By home the prices (same stations) were:
$3.199 for 87 octane $3.299 for 89 octane $3.409 ~ $3.459 for 93 octane
I think our gas prices have gone back to normal again. Lowest price in San Diego at ONE ARCO station is $3.16 for unleaded regular My Costco is @ $3.19 It is still below my fill-up on 5/17/06 when I paid $3.31 at this Costco.
Diesel is $3.59 at most stations.
You can get B99 biodiesel at Pearson for $3.54 per gallon. It looks like we have reached the price point that biodiesel is a good alternative fuel. That should push Willie Biodiesel into the money maker category.
After being closed for the better part of 3 months, the "high-priced spread" has re-opened after having their storage tanks replaced. Mount Arlington Exxon, Mt. A., NJ:
I am spending a couple days in Phoenix with sister. Just filled the Sequoia for $2.87 per gallon at Valero. I noticed the same thing with the Sequoia as my GMC PU truck. I get about 2 MPG more out of gas that is not from CA. I am sure some of the crap they add cuts mileage. I am getting about 12% better mileage using AZ gas. Think of the extra tax CA gets with people getting 10-12% less miles per gallon. Added to that we pay about 35 cents more per gallon that they do here. Weather is nicer in San Diego. Guess that is the difference.
Some (small?) factor could be the change in elevation.
Regular is $3.09 at most places here in Boise, except for one idiot Tesoro station that is 9 cents cheaper but is so irritating to go to, I don't.
I did a road trip for the holiday down through Utah and Colorado to Taos and I paid up to $3.20 for 85 octane (which seems to work fine going from 3,000 feet here over Monarch pass at 11,312 and down to around 7,000 at our destination), but never found gas much less than here.
Small world -- I went over the Monarch Pass in Dec. 2005! Lots of snow, but quite passable due to extensive plowing. I stayed with 87 or 88 octane in the high-altitude areas (which is the middle grade there, as you know).
Prices here in central VA are holding steady for now: $2.95 or $2.96 for 87 at the lowest priced stations. Went through NJ during Thanksgiving break and their prices are lower -- I saw $2.81 at one Valero, paid $2.89 for BP off the turnpike. On the turnpike itself, Sunoco was $2.93, and on the Garden State Parkway, Lukoil (owned by the Russians) was the same.
The highest point on the trip is in San Diego county at 4100 feet. I now live at the 2000 foot level and the trip to Phoenix does not get any higher than that after the pass just a few miles from home. Some below Sea Level around El Centro. I just cannot get decent mileage with the gas sold in CA. I have tried Shell, Chevron, Valero, ARCO, Spirit & Exxon. Our CA gas is crap. Probably loaded down with the maximum ethanol at 10%.
I'm not one to assume anything, so I'll just state the facts. Here in CA we have been paying over $3.35 for Reg. unleaded 87 Octane for over a week now. But worse than that we have been over $3.00+ a gallon for the same crap since March basically. We did get a small break a few months back. But that was only after the Eastern states starting complaining to the government about the price of fuel being over $3.00 a gallon. Then for some reason Washington seem to listen and the price went back down below $3.00 a gallon. In some places it went as far down as $2.49 per gallon. Unfortunately the victory was small lived. And in Calif. the price soon jumped back up to $3.10+ a gallon for 87 Octane. For every upgrade in Octane level 89, 91 you can add an additional $.10 per gallon. Why are they fixated on this $.10 per gallon more? It used to be just a few pennies more for the upgraded octane. Well that's another issue. I'll assume that once the eastern states start paying $3.40 a gallon for 87 Octane and then again start complaining to the ears of our Government in Washington like they did a few months ago the price will again start to go back down below $3.00 a gallon. It doesn’t seem fair or right that this is happening. I am personally tired of the politics in this price gouging war that’s going on and plan on moving out of California like so many others are. I realize that will not change what is happening, but why should I continue to pay outrageous prices when other Americans are paying a lot less for the same or better fuel. It’s a real shame that it has come to this. My family has been here in California since 1849 when my Great, Great Grandfather came here as one of the original 49ers on a wagon train as the chief surgeon on Captain McCoys wagon train. I know that there is a lot more to this price war than what I have briefly discussed above. :sick:
...here in upstate NY have slowed their skyrocket rise. Saw $3.22 at the local cheapo station for 87 octane, down a penny from yesterday. By afternoon it was up to $3.25. I hate living here.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Comments
$3.07
$3.17
Haven't seen a diesel sign lately.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Maybe they are doing that on purpose so diesel owners don't have a stroke after seeing the price. :P
Well Mom, dropped $20.00 in the tank in her G6 here in Wyoming, Mi.
Gas at Speedway was $2.93 for regular and it seems like prices are climbing like I predicted a coupledays ago. :sick:
-Rocky
Diesel has been just under $3 here for a while now. Still a better buy dollar- and gallon-wise than any grade of gasoline. That $20 should net your Mom about 150 miles in the G6?
-Rocky
87 - $2.639 - up 8
89 - $2.759 - up 8
91 - $2.859 - up 8
93 - $2.879 - up 8
diesel - $3.019 - up 4
Good thing diesel allows me to fuel less often... I stay in the right lane and keep it below 60 mph. Five extra minutes for the commute won't kill me, and the mileage is much better.
kcram - Pickups Host
Last year at this time, I was paying $1.99 or a few cents more.
One lone station still at $2.799, an increase of 9 cents from Saturday evening.
City much higher...
In the same report, EIA also said refinery capacity utilization fell sharply by 0.9% to 86.2% versus expectations of a 0.5 percentage point increase.
"The severe weakness in the capacity utilization number is shocking," said Kevin Kerr, president of Kerrtrade.com and editor of MarketWatch's Global Resources Trader. "$96 to $100 is now not only likely but probable within seven to 14 days if not much sooner."
http://www.marketwatch.com/news/story/crude-futures-rally-surprise-drop/story.as- - px?guid=%7BF078CE7B%2D5277%2D4358%2D9356%2D7A049EBBAFA6%7D
Kernick,
If we hit $100 oil within that time frame (7 - 14 days), I will win a bet but won't feel like a winner. :sick:
$3.11 midgrade
$3.21 premium
$3.65 diesel
But diesel also requires up to 25% more oil to produce.
tidester, "Mazda CX-9 Diesel" #6, 30 Oct 2007 12:00 am
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
http://tonto.eia.doe.gov/oog/info/gdu/gasdiesel.asp
Shoot some speculators, indeed. This should increase the growing socio-economic gap just a little more :sick:
That's probably true. My guess is that we are importing a lot more unleaded gasoline these days because it's probably as cheap or cheaper than refining it. That is limiting the extent that gas prices can go up. I don't believe we import much diesel, if any.
87 - $2.819 - up 18
89 - $2.939 - up 18
91 - $3.039 - up 18
93 - $3.059 - up 18
diesel - $3.219 - up 20
Personal record of $92.55 for a fill-up of diesel this morning.
As far as the comments regarding diesel prices... diesel is the same raw fuel as home heating oil (#2 fuel oil). In October, diesel prices ALWAYS increase as production percentages at refineries shift to meet demand for HHO. Diesel also moves to "winter-mix", where the usual #2 fuel is mixed with either kerosene or #1 fuel to lower its pour point to prevent gelling. In April when heating season is over and winter mix is no longer needed, diesel prices will drop until it's back below unleaded regular. We diesel folks are very used to this, and we gauge out fuel costs on an annual average, as opposed to any current pricing.
kcram - Pickups Host
Of course, even Van has a better public transit system than Seattle.
Well, our dollar is going down the tubes now, so is Uncle Sam manipulating it?
Meanwhile on the gas front, the cheapest here (central VA) for 87 is $2.85 and lots of places are closing in on the $3.00 mark.
Yes, and your first sentence is why Uncle Sam is manipulating it.
-Rocky
P.S. Gas Prices here in Wyoming, Mi. range from $3.06-$3.34 :sick:
There's an inventory report that comes out this morning. If it shows another decline I think we could hit $100 today. That will probably be a psychological barrier that causes speculators to stop buying for awhile so the price increases should temporarily slow down.
Just 6 months ago the OPEC ministers were saying that $60/barrel was the number that they were comfortable with. I doubt that's the case anymore. If oil were to miraculously drop below $80/barrel I suspect OPEC would be calling some kind of meeting to discuss production cuts.
No body talks about that.
I was talking to a co-worker earlier today. He has a friend that works at the CBOT that stated this rise in oil is just to hit that $100/barrel price. It is believed once it hits that mark, it's going to linger a bit then fall by $20 - $30, down into the $75 ~ $75 range. The thought is that traders, speculators and the like know oil is going to drop by that amount, or even more, but they want to make remain in the mid-$70 range. This is not to be tied into the VERY WEAK dollar, inventory, supposed supply/demand issues, sun only shining between 7am and 4pm, the sky being blue instead of being blue-blue...
Sorry for the side-step tpe/group, not trying to go off on a tangent. The above is just that trader's thoughts (kind of mine's as well), not fact. But not to far from fiction
$3.21 midgrade (more than the usual dime difference there!)
$3.31 premium
$3.65 diesel
Today I passed by that station, and 87 had crept up to $3.029.
87 - $2.919 - up 10
89 - $3.039 - up 10
91 - $3.139 - up 10
93 - $3.159 - up 10
diesel - $3.319 - up 10
Today's fill up... 30.732 gallons of diesel... for a price of...
$102.00 :surprise:
I have to admit, I was actually rooting on the pump as it raced through the 90s...
kcram - Pickups Host
Paid my highest ever at home for gas for my mower: $3.03 per gallon -- 1.15 gallons, $3.50 total.
Highest ever in any location: $3.29 in March 2007 in Truxton, AZ (on Route 66)
2nd highest: $3.05 in July 2006 in Charleston, W VA
kcram - Pickups Host
-Rocky
For those of you who watch/remember the movie Smokey and the Bandit, when Snowman (Jerry Reed) stops at a roadside diner/station to fill up the Kenworth, the price was just $73.84(++) for what was likely somewhere close to 200 gallons of diesel. That was in 1977 (year of film's release).
The movie actually came on last night, woh :surprise: As Rock stated, arm or leg?
Back on subject:
Today's fill-up at Meijer's: $3.079 for 87 octane; the Delta Sonic & Speedway where a tick higher at $3.089 ~ $3.119.
Petrol prices at work, which are usually higher than near home, were the same/lower @ $3.089 & $3.129 for BP, Shell & Citgo.
By home the prices (same stations) were:
$3.199 for 87 octane
$3.299 for 89 octane
$3.409 ~ $3.459 for 93 octane
$2.99- 87
$3.11- 89
$3.23- 93
$3.29- diesel
My Costco is @ $3.19
It is still below my fill-up on 5/17/06 when I paid $3.31 at this Costco.
Diesel is $3.59 at most stations.
You can get B99 biodiesel at Pearson for $3.54 per gallon.
It looks like we have reached the price point that biodiesel is a good alternative fuel. That should push Willie Biodiesel into the money maker category.
This station caters to the big rigs, (6 gas pumps, 6 diesel pumps - most stations this size are usually 10G/2D), so they were nice to me.
kcram - Pickups Host
87 - $2.999
89 - $3.139
93 - $3.279
diesel - $3.549
kcram - Pickups Host
Regular is $3.09 at most places here in Boise, except for one idiot Tesoro station that is 9 cents cheaper but is so irritating to go to, I don't.
I did a road trip for the holiday down through Utah and Colorado to Taos and I paid up to $3.20 for 85 octane (which seems to work fine going from 3,000 feet here over Monarch pass at 11,312 and down to around 7,000 at our destination), but never found gas much less than here.
Prices here in central VA are holding steady for now: $2.95 or $2.96 for 87 at the lowest priced stations. Went through NJ during Thanksgiving break and their prices are lower -- I saw $2.81 at one Valero, paid $2.89 for BP off the turnpike. On the turnpike itself, Sunoco was $2.93, and on the Garden State Parkway, Lukoil (owned by the Russians) was the same.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible