Name your $/gallon (II)
Registered User
Joined: Jul 2002
Posts: 1,027
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From: Houston
As the stock market goes back up, so do the fuel futures, even though demand does not justify this. The interesting thing is that heating oil, diesels close relative, is selling for $.15 less than regular on the futures market. We will not this see, proably because the Refiners need to pay for the ULSD conversions they did over that last year or 2. 1 Refinery in Corpus Christi spent $100M to convert their diesel unit.
That means we will be fortunate to see diesel at the same price as regular.
I expect we will see $2.50 this summer.Beats the heck out of $4.50 or $5.
My opinion, anyway!
That means we will be fortunate to see diesel at the same price as regular.
I expect we will see $2.50 this summer.Beats the heck out of $4.50 or $5.
My opinion, anyway!
Registered User
Joined: Jul 2002
Posts: 1,027
Likes: 0
From: Houston
In a recent Business article, it talked about how oil was going up the same as the stock market. The reality is, we have more oil stock pile than in the last 15 years. conclusion: another bubble is forming and may POP.
In other new, heating oil is at least $.10 under gasoline futures. This means we should see diesel less than regular, something that has not happenned in 5 or 6 years.
When supply & demand overcome greedy investors, prices wil come down again.
In other new, heating oil is at least $.10 under gasoline futures. This means we should see diesel less than regular, something that has not happenned in 5 or 6 years.
When supply & demand overcome greedy investors, prices wil come down again.
diesel jumped 9 cents Friday and today I heard that Sunoco had a fire at one of there refineries, I hate to think what that news will do to diesel and gas prices.
