Diesel Prices going up?
Thread Starter
Administrator / Scooter Bum
Joined: Sep 2002
Posts: 9,086
Likes: 49
From: Central VA
Diesel Prices going up?
Found this surfing around this morning.
U.S. Average Retail Gasoline and On-Highway Diesel Prices Increase
The U.S. average retail price for regular gasoline gained 1.4 cents to 225.4 cents per gallon as of February 27, which is 32.6 cents higher than last year. Prices were mixed throughout the country, with the Midwest seeing the largest increase of 9.2 cents to 225.9 cents per gallon. East Coast prices dropped 2.1 cents to 223.5 cents per gallon. West Coast prices, still the highest in the nation, were down 2.7 cents to 238.3 cents per gallon, while California prices lost 3.4 cents to 243.9 cents per gallon.
Retail diesel fuel prices increased by 1.6 cents to reach 247.1 cents per gallon as of February 27, which is 35.3 cents higher than last year. Prices were up throughout the country, with West Coast prices seeing the largest increase of 2.9 cents to 262.3 cents per gallon, the highest regional price in the country. Midwest prices gained 1.9 cents to 241.7 cents per gallon, while East Coast prices gained just 0.6 cent to 249.3 cents per gallon.
http://tonto.eia.doe.gov/oog/info/twip/twip.asp
The U.S. average retail price for regular gasoline gained 1.4 cents to 225.4 cents per gallon as of February 27, which is 32.6 cents higher than last year. Prices were mixed throughout the country, with the Midwest seeing the largest increase of 9.2 cents to 225.9 cents per gallon. East Coast prices dropped 2.1 cents to 223.5 cents per gallon. West Coast prices, still the highest in the nation, were down 2.7 cents to 238.3 cents per gallon, while California prices lost 3.4 cents to 243.9 cents per gallon.
Retail diesel fuel prices increased by 1.6 cents to reach 247.1 cents per gallon as of February 27, which is 35.3 cents higher than last year. Prices were up throughout the country, with West Coast prices seeing the largest increase of 2.9 cents to 262.3 cents per gallon, the highest regional price in the country. Midwest prices gained 1.9 cents to 241.7 cents per gallon, while East Coast prices gained just 0.6 cent to 249.3 cents per gallon.
http://tonto.eia.doe.gov/oog/info/twip/twip.asp
DTR's Night Watchman & Poet Laureate
Joined: Jun 2004
Posts: 2,156
Likes: 1
From: Lyndon KS
Last night on the way to work, diesel was still sitting at $2.49, but I was told by the owner of the shop I stop at that they are going up with his next shipment, probably to around 2.60...... he had no idea why.....
Registered User
Joined: Dec 2003
Posts: 14,672
Likes: 9
From: Montana
From what I've been reading it sounds like Europe is having a diesel shortage and US refiners are shipping it over there for higher profits.
Double advantage for US refiners since shipping fuel to Europe creates a shortage in the US, then they can use the supply and demand excuse to raise prices here also.
Double advantage for US refiners since shipping fuel to Europe creates a shortage in the US, then they can use the supply and demand excuse to raise prices here also.
Trending Topics
Chapter President
Joined: Sep 2005
Posts: 1,562
Likes: 0
From: Tupelo, MS
Everyone needs to listen to Infedel. I work in the industry and went to a seminar a few months ago and I'm not really supposed to talk about it, but since the notes are now public on EIA's website it doesn't matter. I for one was curious why last summer was the 1st time in history that we did not see a flip in the price of gas vs. diesel. I finally got the answer when I attented the sminar. It seems there was a trade compact signed early last year between some major American oil companies and the EU that allowed higher imports of gasoline in trade for us shipping more diesel to Europe.
It used to be,until last year, whenever there was a surplus of winter stocks the oil industry had to drop the price to sell it off to make room for the summers' gasoline storage. With the new trade deal however, they are exporting a lot of the surplus to Europe instead of selling it off at a discount domestically.
Given this info, I seriously doubt we will ever see diesel lower than gasoline evr again. They are simply following the profits. Why sell something below cost here when Europe will pay a premium for it. And vice versa for Europe. They have falling demand every year for gasoline all the while their diesel has skyrocketed. So the European refineries sell their unwanted gasoline to America.
It's a win win situation for the oil companies and we get the short end of an ever lengthening, crappy deal.
It used to be,until last year, whenever there was a surplus of winter stocks the oil industry had to drop the price to sell it off to make room for the summers' gasoline storage. With the new trade deal however, they are exporting a lot of the surplus to Europe instead of selling it off at a discount domestically.
Given this info, I seriously doubt we will ever see diesel lower than gasoline evr again. They are simply following the profits. Why sell something below cost here when Europe will pay a premium for it. And vice versa for Europe. They have falling demand every year for gasoline all the while their diesel has skyrocketed. So the European refineries sell their unwanted gasoline to America.
It's a win win situation for the oil companies and we get the short end of an ever lengthening, crappy deal.
Banned
Joined: Aug 2003
Posts: 1,451
Likes: 1
Originally Posted by Greenhornet1986
I dont get it, it used to always be cheaper, now its more expensive than premium gas.
I bought a Diesel truck. I'm sorry, but ever since then Diesel is more expensive than high octane...
Thread Starter
Administrator / Scooter Bum
Joined: Sep 2002
Posts: 9,086
Likes: 49
From: Central VA
Originally Posted by Begle1
I bought a Diesel truck. I'm sorry, but ever since then Diesel is more expensive than high octane...
Oh! So it's all YOUR fault, huh?........
DTR's Locomotive Superhero and the DTR Sweet Tea Specialist
Joined: Jul 2004
Posts: 2,883
Likes: 0
From: Valparaiso, IN
I paid 2.39 yesterday. Reg. Unleaded was 2.52 yesterday then dropped to 2.33 this morning. Some of our diesel startions are 2.45-2.55 but a few are still low and really haven't changed in the past month or two.
matt
matt
Registered User
Joined: Jan 2004
Posts: 995
Likes: 2
From: East Central OK
Hang on to your wallets. This looks like it may hurt.
"OKLAHOMA CITY (AP) Texas oilman T. Boone Pickens says $5-a-gallon gasoline may be the short-term solution to oil supply and demand problems."
http://www.kotv.com/main/home/storie...ge=1&id=100583
"OKLAHOMA CITY (AP) Texas oilman T. Boone Pickens says $5-a-gallon gasoline may be the short-term solution to oil supply and demand problems."
http://www.kotv.com/main/home/storie...ge=1&id=100583
