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Oil prices !!!

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Old 06-23-2017, 10:26 AM   #1  
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Oil prices !!!

I keep hearing on the news that oil price is plunging. But find just the opposite when shopping for motor oil. Paid $58 for 3 gal of Rotella T6 synthetic July 2016. Now getting a quote of $127.90 for 3 gal of Valvoline Premium Blue Extreme 5w-40 synthetic. !!! Price was $9.50 per qt (no discount for gallon) and quoted total price includes tax + oil fees, etc.

Seriously? $128 for 3 gal of oil? Is that what you guys are paying these days? Oh, and inflation is very low these days - what a crock!!!

update: Just noticed Amazon's price w/free shipping $59.94 - that's more like it! Unbelievable price difference!

update: Just purchased 3 gal of Valvoline Premium Blue Extreme 5w-40 synthetic at my local NAPA store for $19.99 per gal (plus tax). All is well now!
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Old 06-24-2017, 09:14 AM   #2  
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BTW, "oil price plunging" is a general statement. The price has dropped around $5.00-$6.00 off it's high which equates to around 10% of the per barrel price and equates to $0.12-$0.16 a gallon.

Pretty normal for the end of summer driving season crude deliveries (prices are for Aug and Sept delivery).

Glad you shopped around and got a good price.
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Old 06-28-2017, 02:29 PM   #3  
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About 90% of the price of your 1 gallon of Rotella is in refining, transportation, marketing, packaging, distribution and retail markup. If a 55 gal barrel of crude is about $50, let's say $1 gallon for crude for a round number, then if the price of oil "plunges" to $25/barrel - you'd only see a fifty-cent discount at the cash register.

Think of bottled water. The stuff inside is free, but you pay $4/gallon for it (~$1 a liter) for the chain of products and services to get it on the retail shelf.
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Old 06-28-2017, 05:53 PM   #4  
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FYI, for crude oil and it's distillates it's 42 gallons to a barrel.

I know it doesn't make sense but that's how they do it.
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Old 06-28-2017, 06:29 PM   #5  
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Its called the shell game they just keep your attention on fuel prices with all the media crap while on the other hand they increase the price of oil products with out you really noticing it just to make a extra buck off of you
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Old 08-13-2017, 07:08 PM   #6  
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Also, a 42 gallon barrel of crude will only produce [on average] .5 gallon of lubricating oil for engines.
19.5 gallons of gasoline
9.2 gallons of Diesel or heating oil
4.1 gallons of jet fuel
and a bunch of others in small amounts
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Old 08-13-2017, 10:05 PM   #7  
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I buy a three gallon case of DELO 15W40 at Costco on sale for $28. 331,000 miles and it hasn't blown up yet.
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