View Full Version : What happend to diesel prices in the last 4 days?
CACalomino
08-03-2005, 10:40 AM
I know that gas out here in CA is worse than just about anywhere else in the country but diesel is getting out of control and I cant understand why. I know that CARB wants super low sulfur fuel out here and that contributes the the price hike but when diesel goes up 25 cents in 4 days thats rediculous its over 15cents more than premium right now and its summer not winter so can somebody please tell me what is going on?
Cheapest I found is at my local 76 that has always been teh cheapest on diesel and it was at 2.50 now its 2.75 another place i passed on the way home was at 2.98 for diesel [yuk]
I feel like I should have just baught a Ram SRT-10 its cheaper to drive that than my cummins. SOmebody please shed some light on this price hike all of a sudden
-Chris
big red psd cc
08-03-2005, 10:50 AM
Same here is Simi Valley and the SF Valley.
2.81, 2.99, 3.05 a gallon now. It was 2.51-2.60
Yet gasoline is 2.50-2.65 for 87octane.
All this in about 72 hours.....30-40 cent jump.
Pull U 2
08-03-2005, 11:00 AM
I filled up yesterday morning at $2.69/gal. Drove by the same station last night and it's $2.89/gal.:o .20 in 10 hrs. ***!!!!!
mestdagh
08-03-2005, 11:01 AM
Wierd. It's going down here after it spiked last week. Conoco is 2.33 in Boulder. http://www.coloradogasprices.com/index.aspx?mss=3132
CACalomino
08-03-2005, 11:19 AM
All I know is its making me sick to my stomack and I cant believe it. If this keeps up I might as well buy a beater for wrok or sell the truck this is nuts. Even if im getting 18.9 mpg average. But I guess u have to pay for the privlage of smoke :D
billyrae
08-03-2005, 11:25 AM
Why aren't the big rig drivers complaining. Seems last year when gas got high they blocked freeways here in CA. This year everyone is just accepting it. That's usually the plus with diesel, diesel goes up, prices of goods go up, everyone complains and the government takes notice and regulates. They are all in essence, on our side. Heck, gas could go to $5 a gallon and it wouldn't effect the price of your McDonalds hamburger but raise diesel that much and you'll feel it.
We shoulda taken over them arab countries, thats what I say!:mad:
Stingerpup
08-03-2005, 01:28 PM
Originally posted by billyrae
We shoulda taken over them arab countries, thats what I say!:mad:
That is all well and good, but we don't buy most of our petrolum from the Middle East.
That is one of those untruths that people are always pushing. Blame the Arabs for this, blame the Arabs for that.
The US imports most of it's crude from South America. If you want to get angry at someone, get angry at them. :p
And the oil companies who actually set the price that fuel sells for, plus the state/federal taxes on every gallon you purchase.:eek:
marc03
08-03-2005, 02:09 PM
same here 2.49 on friday. 2.75 on monday. ***?
Boss Hoss 540
08-03-2005, 02:16 PM
I paid 2.19 at the Walmart in Hurst Texas this morning. Last week it was 2.27.
Buckshotmckee
08-03-2005, 03:20 PM
Originally posted by billyrae
We shoulda taken over them arab countries, thats what I say!:mad:
Umm? I thought we had the biggest producer of crude in our possession, Iraq? We had Kuwait in our back pocket a few years ago? Even if we don't get most of our oil from the arabs, I think maybe they OWE us a little something for all we've done for them? Anybody agree?
O'ya, fuel is up through the roof in my part of the state as well, I saw $2.98 last night.;)
Lee S
08-03-2005, 03:31 PM
I paid $2.26 in East Texas this past weekend. At home it's about $2.35 except for the truck stops, they're running $2.20. It's been like a roller coaster around here.
It seems to me we have a lot of possible oil reserves right here in the USA but too many people don't want drilling rigs in their backyards to take full advantage.
t-15 firefighter
08-03-2005, 04:26 PM
Man.... I hate to say anything but diesel prices have stayed pretty constant around here. The last time I filled up it was $2.17 so don't tell anyone. I would hate for it to go up anymore.
Don't even get me started on Iraq.
Britt
:)
natstayl
08-03-2005, 04:51 PM
$2.29 Today at WalMart. $2.33 at Shell station in Hickory NC. Not moving either way...yet. But now I suspect it'll start nicholing up because someone in Kallyfornia said theirs was... ;) :D
Nat
bubba33
08-03-2005, 05:02 PM
I agree they do owe us something.start shipping it over here.
chaos24valve
08-03-2005, 05:08 PM
This whole...whackjob on Diesel is ridiculous, I payed 2.36 a gallon for it on friday and now it is up to 2.78 out here. It is freaking....BLEH. I just bought this truck and now I have no money for mods because it is all going to diesel. I still agree with...the one guy...lol Honky our horns in rage rotfl, I wouldnt have to get off my buttocks to do anything..either that or wait for it to go down lower and stock up..sheesh this world is going crazy.
TRAVIST
08-03-2005, 05:26 PM
Went to lunch yesterday and while sitting in line a the Taco Bell I look across the street and the Safeway fuel station and as I sit there diesel goes from 2.55 to 2.61 per gallon right in front of my eyes. :eek: :eek:
TRAVIST
dslchk_cowgirl
08-03-2005, 05:49 PM
Unfortunately it's something it's the price we pay for our diesels. I work about 20 miles from my house and by work it's $2.99 and over by my house it's $2.79.
It is so ridiculous. Only blessing I have is only filling one vehicle right now since husband's truck will be parked until feb.
CACalomino
08-03-2005, 06:44 PM
I say we all cut off our cats and mufflers and drive around full throtle from 12am to 5am and wake up every sleeping sole in protest till diesel is regulated and set back to 15 cents under regular gas :D
Well I do that anyway but its just a thaught[laugh]
mestdagh
08-03-2005, 06:55 PM
Hah! CACalomino, you need a 2nd gen for that. Our stock 3rd gens (at least mine) are too quiet for that.
CACalomino
08-03-2005, 07:42 PM
I dont know I have no cat and just a strait threw muffler and my bother says he can here me at least halh a mile. My captain told me it makes our international powered fire truck sound week
Dieseljunkie
08-03-2005, 08:25 PM
Yup, I feel you man.. I saw 2.98 at my local diesel station the other morning.. I drove down the mountain (I live in Lake Arrowhead) to san bernardino, and paid 2.71... Still WAAAAY too much.
Scott
Stbentoak
08-03-2005, 08:56 PM
2.45 in Northern IN...... up 20-30 cents in 2 days...... Around a year ago 1.59 here....
We are taking a &%*$ing by these oil companies with their record profits.
But the Gov't turns a blind eye at the fleecing of America.........
rico334
08-03-2005, 08:59 PM
I think the oil distributors are in cahoots with the new car dealers. Just today I stopped at my local Dodge dealership to price shop their '05 Cummins trucks with the employee discount.
The sales guy told me that when the employee discount prices started, they had 102 trucks in inventory on their lot with Cummins engines. Today they had 16 left for me to look at when I stopped.
I think the Diesel distributors know that with this one car lot selling 86 diesel units in the last few weeks, then they multiply that times however many dealerships there are nationwide doing this pricing and can deduct that with those kinds of sales, they can now ask whatever they want to for their diesel and we have to buy it.
Makes sense to me ? ? ?
Oilguy
08-03-2005, 10:24 PM
2.13 yesterday in Lexington Texas... I am going back through there tomorrow and I will be topping off again!!!
OilGuy
4x4not
08-03-2005, 10:54 PM
$2.459 here in NOVA two days ago, and it hasn't moved.... YET. I drive 30 miles one way to work right now, but I'm looking at a place that is only 2 miles away! Imagine... only filling up once every two or three months :D
Of course I'd be taking trips, but STILL
Its All Good
08-04-2005, 12:27 AM
You guys are still cheaper than us...I just filled up 2 days ago and paid 3.39, today its 3.47, I would hope it won't keep going up. I might have to run red fuel in my truck, I buy it for my boat and only pay 2.58 (I buy in bulk, 600 gallons at a time)
CACalomino
08-04-2005, 01:37 AM
Well I was reading threw the fourms and got my brain working a bit and I was trying to figure out why diesel is so high right now compared to unleaded gas. Well for one alot of the supply is used for offroad diesel *red dyed* so that takes from some of the supply to the general public to be used for highway use. Then u have people like me that drive diesel's that dont haul realy anything at all we just wanted a reliablefuel efficient full size truck. Then u have teh auto makers seeing the market for diesel powered trucks and vehicles increasing now that they have made diesels some what more livable and far less noisey and smokey.
But then I start thinking of what realy matters here to the oil company's MONEY MONEY MONEY. I seem to think that the oil companys are making a statement to the truck industy and to the general public. They want us to use patrolieum rather than BIOdiesel. Now that the government put some 40 million dollars into making bio diesel a more common thing from what I read or heard on CNN back when this whole fuel crisis began. They see a loss in there pockets not much now but those greedy jerkoffs would complain about 10 cents.
I might be going out on a limb but thats just some brain storming I had and decided to put down here for thaught.
Recap
Possible reasons for price hike on diesel
1. Supply low due to more diesel powered vehicles being sold by automakers and the supply being divided into offroad diesel and regular diesel
2. oil companys punishing us cause they dont want bio diesel to get big or they just want to get some of the profit they lost from those using bio out of us that dont
-Chris
oestreich84
08-04-2005, 01:44 AM
I thought i heard from someone somewhere that we can run on vegetable oil or something, any truth to that or am i just really gullible?
Aloha
08-04-2005, 02:02 AM
I use the www.aaa-calif.com website all the time to locate cheap diesel. I'll plug a few addresses into my GPS and if the station looks up to par I'll fill er' up. I paid $2.519 today at a new 76. That's up about $.07 from what I was paying at a different 76 last week.
I still get better mileage than my 4.7L Dakota and this truck is WAY more fun to drive.
Aloha
roadrat
08-04-2005, 07:45 AM
We'll we got you all beat up here in the north, ottawa ontario last night, $.90 a litre or 4.09 a gal.:o but then our gallons are bigger[laugh] Earlier on there was talk of importing your oil from the middle east, but guess who is the largest single supplier of oil to the u.s.? Ya it's canada. Wait a minute, 4.09 a gallon, i think i just got robbed[laugh] Sure is hard to figure out.
rob
billyrae
08-04-2005, 11:57 AM
Originally posted by Stingerpup
That is all well and good, but we don't buy most of our petrolum from the Middle East.
That is one of those untruths that people are always pushing. Blame the Arabs for this, blame the Arabs for that.
The US imports most of it's crude from South America. If you want to get angry at someone, get angry at them. :p
And the oil companies who actually set the price that fuel sells for, plus the state/federal taxes on every gallon you purchase.:eek:
Crude Oil Imports (Top 15 Countries)
(Thousand Barrels per Day)
Country May-05 Apr-05 YTD 2005 May-04 Jan - May 2004
--------------------------------------------------------------------------------
MEXICO 1,748 1,541 1,559 1,666 1,583
CANADA 1,722 1,676 1,586 1,646 1,601
SAUDI ARABIA 1,430 1,449 1,512 1,493 1,374
VENEZUELA 1,273 1,391 1,336 1,371 1,336
NIGERIA 1,111 1,130 1,046 1,189 1,087
IRAQ 588 542 536 674 661
ANGOLA 341 365 436 384 319
ECUADOR 238 240 289 271 200
KUWAIT 213 164 186 273 226
UNITED KINGDOM 194 256 219 250 254
RUSSIA 185 464 280 142 86
ALGERIA 152 232 175 234 195
NORWAY 117 137 128 206 174
COLOMBIA 116 183 126 173 152
BRAZIL 115 36 54 16 50
Jonesboro
08-04-2005, 12:02 PM
Dramatic spikes in fuel prices are typically caused by refinery or pipeline problems. Looks like there was a refinery problem in El Segundo:
http://www.latimes.com/business/la-fi-diesel4aug04,1,7667671.story?coll=la-headlines-business
billyrae
08-04-2005, 12:02 PM
Originally posted by Buckshotmckee
Umm? I thought we had the biggest producer of crude in our possession, Iraq? We had Kuwait in our back pocket a few years ago? Even if we don't get most of our oil from the arabs, I think maybe they OWE us a little something for all we've done for them? Anybody agree?
O'ya, fuel is up through the roof in my part of the state as well, I saw $2.98 last night.;)
When I hear Iraqi kids pledging allegiance I'll agree Iraq is in our posession.
CACalomino
08-04-2005, 12:25 PM
Originally posted by Jonesboro
Dramatic spikes in fuel prices are typically caused by refinery or pipeline problems. Looks like there was a refinery problem in El Segundo:
http://www.latimes.com/business/la-fi-diesel4aug04,1,7667671.story?coll=la-headlines-business
I sware these stupid idiots at the refinery's they always let something burn or break just to make a quick buck. Well they better fix it in that week and a halh they talked about and drop price's or I got a size 12 that will modivate.
Lee S
08-04-2005, 03:46 PM
It's partially our own freakin' fault. Look around your house and count the number of items you own that were made in China. We buy their stuff, they build the stuff. To build the stuff, they need energy and they increase the demand for oil and contribute to a lower supply. Add that to the other countries that are developing manufacturing economies that are energy-dependent, the lack of refining facilities in the USA, the restrictions on exploration and production and various other factors. It leads to a big headache.
Stingerpup
08-04-2005, 08:32 PM
Originally posted by billyrae
Crude Oil Imports (Top 15 Countries)
(Thousand Barrels per Day)
Country May-05 Apr-05 YTD 2005 May-04 Jan - May 2004
Don't get offended here, but "Blah, Blah, Blah".... :D
Another page on that same web site says that less than 46% of hour imports come from OPEC countries. So, those numbers you show are the raw numbers, not total percentage from different oil exporting nations.
First 5 months of 2005: 13,190 thousand barrels per day, of which 5,516 are from OPEC. That's just under 42% by my calculations. Of that 5,516....2,316 come from the Middle East, which is 41% of that 42%.
More simply said, 17.5% of our petrolum comes from the Middle East, this is information supplied by the Energy Information Administration, so....my reasoning still stands. :cool:
Henry F. Smith
08-05-2005, 05:54 PM
From the Sierra Foothills in California. $2.99 yesterday, $3.39 today. Bring on the Biodiesel please.
jetsnow
08-05-2005, 06:49 PM
In placerville california which is 40 miles east of sacramento the prices went from 2.55-2.65 last week to 2.95-3.04 today. This is CRAZY.
Originally posted by billyrae
Why aren't the big rig drivers complaining. Seems last year when gas got high they blocked freeways here in CA. This year everyone is just accepting it. That's usually the plus with diesel, diesel goes up, prices of goods go up, everyone complains and the government takes notice and regulates. They are all in essence, on our side. Heck, gas could go to $5 a gallon and it wouldn't effect the price of your McDonalds hamburger but raise diesel that much and you'll feel it.
We shoulda taken over them arab countries, thats what I say!:mad:
most of the big truckers are now owned and operated by corporations who pass the increased costs off to end users and write off the expenses from their taxes ( thank the present oil exeutive staffed federal govt. we elected for this one) . Independents that are left are in the minority and do have lobbists to take care of them.
Originally posted by Buckshotmckee
Umm? I thought we had the biggest producer of crude in our possession, Iraq? We had Kuwait in our back pocket a few years ago? Even if we don't get most of our oil from the arabs, I think maybe they OWE us a little something for all we've done for them? Anybody agree?
what do they owe us for ? if they had invaded our country because we had weapons of mass destruction ( witch we actually DO have) i surely would'nt think we owed them anything !!
O'ya, fuel is up through the roof in my part of the state as well, I saw $2.98 last night.;)
crobtex
08-05-2005, 07:48 PM
Originally posted by herb
most of the big truckers are now owned and operated by corporations who pass the increased costs off to end users and write off the expenses from their taxes ( thank the present oil exeutive staffed federal govt. we elected for this one) . Independents that are left are in the minority and do have lobbists to take care of them.
I thought independents used the same pricing and tax system as corporations. I may be missing something, but I don't see how the fuel price increase has changed the relation of corporation vs. independent in the business world. Any size business needs to set profit margins and make changes to stay within range.
Don't get me wrong, I'd love to see fuel prices drop.
CACalomino
08-05-2005, 08:29 PM
Well I guess every day they are gona bend us over just alittle more and more and more. I should have said every halh day. We had a couple of medical aid's today and every time we would go out we would look at the diesel prices. I sas 3 stations move 3 times in one day the new average around here is 2.95 and the highest we saw was 3.11 [yuk] IM gona start riding my bike here real soon at this rate.
45auto
08-06-2005, 01:32 AM
$3.03 a gallon today, going up .10 cents a day.Diesel is now 10 cents more than premium :( :(
It's obvious they want to hurt us and our economy. The US provides alot of food for the world, I say, take their dinner plate away from them and see how they respond[laugh]
bubba33
08-06-2005, 08:36 AM
man that is crazy for it to be that high.I got it yesterday for 2.18 a gallon in st louis
PapaPerk
08-06-2005, 11:10 AM
Originally posted by Stbentoak
2.45 in Northern IN...... up 20-30 cents in 2 days...... Around a year ago 1.59 here....
We are taking a &%*$ing by these oil companies with their record profits.
But the Gov't turns a blind eye at the fleecing of America.........
I think you hit the nail on the head. It is big money time for the oil companies. They have there Texas buddy (Bush) in the command chair now and the prices just keep going up. The oil companies can tout claims of "really tough times" etc, etc. But they are just ripping off the common man. I can't believe the truckers haven't gone nuts over the diesel prices. Gasoline is one thing, but diesel powers the u.s. shipping infastructure and should have some regulated price to prevent fleecing.
Another guy said the Arabs owed us for all we have done....well just recently we and others have killed well over 100,000 Iraqis. So I don't think they owe us much. :rolleyes: And we still haven't caught the S.O.B. responsible for 9/11.
I support our troops and their families. God Bless 'em. But Bush needs to go. [dummy]
Mixer Man
08-07-2005, 01:01 AM
This is capitalism at it's finest :mad: .......... the oil companies are ALL posting record profits !! Why you ask .............because it is going to the highest bidder EUROPE !!!! You think our fearless leader would release some of the national reserves to cut these goons off at the knees like Clinton did but that just aint gonna happen . I'm sure alot of people will get ticked off but you can hide your head in the sand and ignore it but the Bush family has been on their knees for years with the Saudi's . $$$$$$ that is no bull look at the facts and tell me I'm crazy ........ Saudi's have BILLIONS invested through Bush family holdings in ... defense ..... hmmmmmmm can you say Iraq ??? Citigroup the largest financial institution in our country is owned by who ........... Saudi Arabian investors and the list goes on and on . I am not a bleeding heart liberal by any respect but the Bush corporate mafia is absolutely screwing us blind !!!! Funny how our economy went right down the crapper after 8 yrs of prosperity . Where the hell is Perot when you need him ????
Stbentoak
08-07-2005, 10:02 AM
What you are seeing now is the results of all those closed door sessions that Cheney had with the big oil companies..... No one know what went on in there but I bet he told them to build bigger vaults case we are going to help you ( and him) out. Thanks Dick......
AaronT
08-07-2005, 12:58 PM
The boom growth in China is a major factor driving up prices.
Mixer Man
08-07-2005, 04:40 PM
The Chinese can't be blamed anymore for every problem we have ........... the Chinese economy has slowed drastically and the prices are higher than ever . Just recently read how the Chinese heavy equipt manufacturers have massive surplus inventory laying around . Just how long before they infiltrate here with bottom dollar equipt ...............not long ,look at Northern Industrial Tools . This is our own creation , WE sat idly by while all of the American jobs were sent out to the cheapest labor markets we could find and just turned our heads . Where do you think Bin Laden came from ? Our CIA trained and recruited his forces during the wonderful Reagan era to fight the Soviets and now he has his scope on the U.S !!!! We need to take our country back from these thugs that are strangling the American taxpayer to death !!!!
whats that??...................sounds like crickets..................
NJMurvin
08-08-2005, 10:20 AM
I hate to say it, but it's not limited to the US. I just returned from a two week trip to Australia and I saw some prices for diesel there were .07-.10/ltr more than premium gas.
Stingerpup
08-08-2005, 12:53 PM
I pulled this off a report concerning the cost of diesel in California.
On July 20, a fire erupted at Chevron Corp.'s El Segundo facility, one of the
West's largest refineries and a big producer of diesel. Chevron slashed
production and shut down some equipment for repairs that are expected to last at least
another week.
That production glitch wouldn't have hit the market so hard if oil traders,
faced with a surplus of diesel in June, hadn't sold large quantities of the fuel
to foreign buyers just weeks before the El Segundo fire.
"There was too much diesel on the West Coast" a month or so ago, said Carl
Boyett, chief executive of Boyett Petroleum in Modesto. Then three companies sent
diesel cargos to other markets, all around the same time, he said.
Vitol, an international oil trader, was one of the exporters. Another was
ConocoPhillips, according to Boyett and others. Both of those shipments ended up in
Chile. The third company, BP, exported diesel from its Cherry Point, Wash.,
refinery to Mexico, but the fuel was too high in sulfur to qualify for use in
California or Washington, according to spokesman Phil Cochrane.
The Vitol and ConocoPhillips shipments that left San Francisco this summer
contained ultra-low-sulfur fuel that could have been sold here, said Roberts of
Tower Energy. Former Vitol trader Andy Lipow estimated that the shipments totaled
about 21 million gallons of diesel — equal to about 3 1/2 days of typical
consumption in California.
truckjunkie
08-08-2005, 03:43 PM
Here's an AP story just posted a while ago: http://news.yahoo.com/s/ap/20050808/ap_on_bi_ge/oil_prices_28
Look at the spare production vs. the WORLDWIDE demand as listed in the article: 84 million barrels a DAY with 1.5 million in spare production. That's a mighty slim margin. And every fuel user, worldwide, IS GOING TO PAY FOR THAT. Any small disruption means that there's that much less production in reserve. If there's a number of disruptions that eliminate the spare production, then someone's not going to have any fuel. You want fuel, you pay for it - regardless of where you live.
MixerMan - this isn't just a US problem, so sorry, your little Bush family/Saudi connection doesn't hold much water. If it really does exist (which I don't believe), then it's helping us, not hurting us. Look at how much MORE the rest of the world is paying for fuel vs. the U.S., even at California's crazy prices.
trout74
08-08-2005, 05:45 PM
Originally posted by truckjunkie
Here's an AP story just posted a while ago: http://news.yahoo.com/s/ap/20050808/ap_on_bi_ge/oil_prices_28
Look at the spare production vs. the WORLDWIDE demand as listed in the article: 84 million barrels a DAY with 1.5 million in spare production. That's a mighty slim margin. And every fuel user, worldwide, IS GOING TO PAY FOR THAT. Any small disruption means that there's that much less production in reserve. If there's a number of disruptions that eliminate the spare production, then someone's not going to have any fuel. You want fuel, you pay for it - regardless of where you live.
MixerMan - this isn't just a US problem, so sorry, your little Bush family/Saudi connection doesn't hold much water. If it really does exist (which I don't believe), then it's helping us, not hurting us. Look at how much MORE the rest of the world is paying for fuel vs. the U.S., even at California's crazy prices.
truckjunkie, you are absolutly correct.
I work for a hedge fund, im a trader for the distressed asset division. We follow all kinds of commodities and treasuries and even Oil to make good decisions for the fund. while the Bush/saudi story sounds good and makes good sense it is not true at all. George bush WISHES he has that kind of leverage. fact is George is a mere puppet of the market. You think George and Bill and the whole Washington DC lot have power..........? NOT. The people who control the market have the real power. Supply and Demand and money managers have the power. One huge trade by the money market manager for charles schwab, or Merrill Lynch can move/ change/ upset/ the market. Bush, that bone head can barely, with the help of Greenspan, can only control interest rates that the Fed. lends to bankers on the overnight line. OOOHH LA LA
anyways if you want an education in market cycles PM me. Pure and simple. Supple and Demand.
Supply = 85.5 Million Barrels Per day P E R I O D. and it is at its maximum. Demand is 84MM. Saudi arabia only delivers 15% of our daily oil, so dont blame Them. Try Venezula, they give us 30 %. All major oil fields are pumping the maximum amount of water into their wells. They have to pump the water as the volume in the wells dries up. Think of a water bottle that is buldging and when you pull the spout up it rushes out, after the rush( oil rush) is over you have to put a heavier, more dense, fluid into the well to push up the oil to get it out. Anwer/ and all the old Oil wells that we( the world) get our oil from are 80% used up on average. So there is our supply. Now add in weather( tropical storm season, at any given time there are 10-30 off shore rigs shut down). Then add in US usage rises every month. Then add in China, and its fast grwoth economy, and europe, and then add in terrorism threats, and political instability in the third world(venezula and Russia) and you have High Demand for dwindling supply.
Oil at 100$ a barrell easily by mid 2006'. That is what we are hedging for our fund, and you can bet your bottom dollar 64$ a barrell for oil will be cheap in years to come so we are buying all we can.
Anyways, that is how I see it.
IN the not so distant future the Oil will go to the highest bidder. We are not always going to be the highest bidder, but then maybe oil will go to the biggest bully......? I say bullie away, nuke their A S S and take their Gas.
my .02$
Mixer Man
08-08-2005, 06:20 PM
I read that same article on MSN earlier...........ya it's all going overseas where they get double the price they get here . Only way this will ever work out I am afraid is to have govt controlled energy ........... Enron laid the basework for these crooks !!!
diesel is still 2.18 here. Gas is 2.28 and going up. A spoksman for Oklahoma oil had no comment when asked by API newsperson why so much difference in diesel fuel prices. You folks on the west coast are gettin' ripped big time. Remember that in '08...........JIM
Mixer Man
08-09-2005, 01:52 AM
Just filled up here for 2.21 /gal ................... station next to the house is ALWAYS 15 cents more a gallon than the station I go to with Premium Diesel for less [eyecrazy] ............alot of $$$$$$$ being made and it sure aint me !!!! At least it is below the price of gas so I don't get as ticked off when I fuel up [laugh] [laugh] .
Dieseljunkie
08-10-2005, 01:07 PM
Whether chevron is shut down for a week or not, fuel prices aren't going down.. The stations realize that people will pay it, because they have to. hy would they make less $$ on fuel when they don't have to. Get used to it, suck it up, and pay it.. You've gotta have fuel, and they know it.
Scott
tbone
08-11-2005, 01:53 PM
It's a shame that its not just supply and demand. It's unregulated greed.
http://www.thepeninsulaqatar.com/Display_news.asp?section=Business_News&subsection=market+news&month=July2005&file=Business_News2005073023144.xml
Exxon Mobil's profits climb
Web posted at: 7/30/2005 2:31:44
Irving: Exxon Mobil Corp, the world's largest publicly traded oil company, reported a 32 per cent profit boost in the second quarter, to $7.64bn. Net income equalled $1.20 a share, compared to 88 cents a share. Sales were up 25 per cent to $88.6bn. The profit for the Irving branch of the Exxon Mobil Corp, Texas-based company, was the most in a second quarter in the company's 123-year history, Bloomberg financial news service reported. Exxon Mobil Chief Executive Lee Raymond, 66, is investing in new oil and gas fields in Africa and the Middle East as demand grows and output declines from older wells in Europe and North America.
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