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Diesel Prices going up?
Found this surfing around this morning.
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 |
[yuk] [yuk] [yuk] [yuk] [yuk] [yuk][yuk] [yuk] [yuk] [yuk] !
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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.....
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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. |
gas jumped 20cents here in the last 24hours and is expected to go up again [rant]
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It went from 2.49 2 days ago to 2.57 about 8 hours after I looked at the sign that same day. I dont get it, it used to always be cheaper, now its more expensive than premium gas.
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Here in WA state it is running from a low that I have found of $2.689 to $2.999. Two weeks ago it was at $2.499.
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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. |
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... |
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?........[tapdshut] [laugh] |
Gasoline is about to pass Diesel here: 2.53 for Diesel, 2.51 for Gasoline. Should of bought a GM flexfuel truck, E-85 is 1.62 a gallon. [eyecrazy]
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I gotta fillup today. It's only been a month since the last fillup. [whistle]
Update: Paid $2.43 at Walmart. MikeyB |
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 |
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 http://deephousepage.com/smilies/mecry.gif |
That would work fine for me. File unenployment and stay home to work on the truck [eyecrazy] Just wish I could get away with it.
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