The diesel crisis - surged to $200 per barrel
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The diesel crisis - surged to $200 per barrel
Are we ready to spend even bigger bucks for diesel?
https://www.bloomberg.com/opinion/ar...uverify%20wall
Wholesale diesel prices in the spot market of New York harbor, a key pricing point, have surged this week to more than $200 per barrel. Excluding a three-week period from late April into mid-May, that would be a record high. As a result, American refiners are enjoying the best-ever diesel margins, with the profit of turning a barrel of crude into one of diesel hitting a record high of $86.5 per barrel, up roughly 450% from the 2000-2020 average of $15.7 per barrel.
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From: Conroe Texas
I finished installing my new 50 gallon auxiliary tank last week, and was going to sweat it out before filling it just in case pump prices dropped a little...From what I read though, I guess I'll bite the bullet and fill it up at $4.49 tomorrow...It's just a crapshoot...
...Ben
...Ben
It's my pot and I'll stir it if I want to. If you're not careful, I'll stir your's as well!
Joined: Dec 2002
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From: Central Mexico.
Read in the news yesterday the the US only as 25 days of diesel left. This is very serious if true. Is it true? Can anybody explain this to me? Does it mean that diesel consumption exceeds the supply? Does it mean that your government policies have shut down diesel refining? Many more questions. I know what will happen to the country very quickly if there really is no diesel. What about jet fuel for planes? Isn't this a type of diesel?
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From: Celina, TX
Doesn't specifically define it in the article, but I would assume it means that if all imports and refining stopped, we would have enough on hand for 25 days. Demand is outpacing supply, which is driving the inventory surplus down. If they can't boost supply, it will continue to eat into the surplus.
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From: Conroe Texas
I finished installing my new 50 gallon auxiliary tank last week, and was going to sweat it out before filling it just in case pump prices dropped a little...From what I read though, I guess I'll bite the bullet and fill it up at $4.49 tomorrow...It's just a crapshoot......Ben
...Ben
...Ben
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From: Conroe Texas
...Ben
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From: Land of the Toxic Avenger
Anyone considering purchasing a 500 gallon above ground tank, and buying what you need to last you a while?
Figure it will cost $3000 to fill it. Not sure what a tank dropped off at the house would cost.
At least I could still work while there was still work to do. Wife says if diesel supply craps out, there WILL BE NO MORE WORK to do.
I hate it when she thinks she's right.
Figure it will cost $3000 to fill it. Not sure what a tank dropped off at the house would cost.
At least I could still work while there was still work to do. Wife says if diesel supply craps out, there WILL BE NO MORE WORK to do.
I hate it when she thinks she's right.
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In my area, in Maryland, $5.99 per gallon. It's increased about $1.25 per gallon within the last 3-4 weeks.This is totally inexcusable. With our resources already available, our fuel prices should be the lowest in the world. I am not a trucker, but I do feel for the independent truck drivers who really have a daily battle to hope to make a small profit and survive in todays climate.