JKE

1.59 here right now.....no stop in sight.

DPG

Last time I filled up (Saturday) diesel was 1.649 in Traverse City, unleaded was about 1.749. With 109 gallon capacity, I don't buy too often, and there's very little diesel fuel available out here on the Leelanau penninsula, and what is here is WAY too high in price. I'll go into town (Traverse City) on Saturday and check then.

dieselnewbie

$1.69 here in Mass.

Still cheaper than gas.

Hoss

I filled up for $1.549 last night at a new Murphy USA (Walmart parking lot) near my house. It was $1.519 if you had a shopping card. 87 octane at the same station was $1.699.

rjordan

its been goin ^^^^ up around here. right now is sittin at 1.89 for #2 it went up four cents yesterday,

mymaur

It's very simple. GREED!!!!!!

Diesel is the Boones Farm of fuels. It's very cheap to make and the oil companies love this stuff. Go back in time about 30 years. Diesel was half what regular gas was. Why was this? Couple of reasons. One was supply and demand. Basically there were very few diesel powered cars, mostly big trucks used it. 2nd, since it costs the refineries so litlle to make, it cost the consumer little to buy.

Now move to 2004. Despite what people think, the price of a barrel of oil has virtually stayed within a few dollars per barrel for years. Yes, it goes up a dollar and comes down a dollar. But it pretty much hovers at $25 per. In 1998 it was $11 barrel and in South Carolina we were paying .71 cent a gallon for diesel. After 98 it started back up again, and so did the price of fuel, until it got where it is today, $25 per barrel. Which is a few dollares less than it was in 2000. Yet prices at the pump keep going up. And by the way, in 1974 it peaked at nearly $70 barrel. This was also pure greed on the part of OPEC. There was never and still is not an oil shortage. Oil is not pumped out of the ground in the OPEC region it blasts out of the ground at over 500PSI. The Saudi's do not expect this rate to slow for at least 200 more years.

The oil companies are the biggest crooks on the face of the planet. THey have us by the short hairs and they know it. Not much you can do but pay and gripe.

I hate to see the Govt intervine on any issue. But oil company greed is outrageous and it is time for the govt to put the brakes on.

2 cents no change.

MikeyB

Mymaur,
I would have to disagree. 30 yrs ago the US demand for fuel wasn't out stripping the refinery production. Today, we are. We are even forced to import gasoline into the US because of demand. With the demise of the smaller refineries over the years because of stiffer regulations the US refining capacity has stalled, but the demand keeps going up.
Diesel fuel is costing more now because of the refining process of lowering the sulphur content, and will probably rise even more in 2006.
Granted, some of it greed, but it does cost a lot of money to upgrade refineries and keep them running.

MikeyB

mymaur

Your correct, but IMHO with one exception. Diesel is still a heck of a lot cheaper to make than gasoline. And as far as the sulpher content goes. THe same argument could be made for removal of the lead. Lead is actually an additive. With it's removal gas should be cheaper to make and it is. But not for the consumer.

Granted, the refineries have had to make some changes to reduce sulpher content. But those costs were all recaptured years ago.

When it is all said and done, the bottom line is pure unadulterated greed.

Cummin01

Last night our diesel prices jumped 10 cents we are now paying $1.99 per gal & low octane gasoline is $1.98. Some one somewhere is pocketing some good change.

rjordan

yup what cummin01 said, except its gone up .14 cents.....overnight. i filled up yesterday and it was 1.85, now it 1.99.........OUCH!!!

RustyJC

Crude oil, heating oil (#2 diesel), and unleaded gasoline are commodities traded on the New York Merchantile Exchange (NYMEX) - which, for the informed observer, explains quite a bit about pump pricing. Take a look HERE for current prices (before taxes, of course).

As a passing comment, today's Houston Chronicle mentioned that $51.00/bbl (1 bbl = 42 gallons) crude oil prices were predicted by the year 2025 primarily due to increasing Asian demand as the Asian countries' economies develop.

Rusty

infidel

Very eye opening article here http://www.lifeaftertheoilcrash.net/PageOne.html

All oil production follows a bell curve, whether in an individual field or on the planet as a whole. On the upslope of the curve production costs are significantly lower than on the downslope when extra effort (expense) is required to extract oil from reservoirs that are emptying out. Put simply: oil is plentiful and cheap on the upslope, scarce and expensive on the downslope. The peak of the curve coincides with the point at which the world's endowment of oil has been 50% depleted. “Peak Oil” is the industry term for the top of the curve. Once the peak is passed, oil production begins to go down while cost begins to go up.

In practical and considerably oversimplified terms, this means that if 2000 was the year of Peak Oil, worldwide oil production in the year 2020 will be the same as it was in 1980. However, the world's population in 2020 will be both much larger (approximately twice) and much more industrialized than it was in 1980. Consequently, worldwide demand for oil will outpace worldwide production of oil by a significant margin.

The more demand for oil exceeds production of oil, the higher the price goes. Ultimately, the question is not “When will we run out of oil?” but rather, “When will we run out of cheap oil?

The most wildly optimistic estimates indicate 2020-2035 will be the year in which worldwide oil production peaks. Generally, these estimates come from government agencies such as the United States Geological Survey, oil companies, or economists who do not grasp the dynamics of resource depletion. Even if the optimists are correct, we will be scraping the bottom of the oil barrel within the lifetimes of most of those who are middle-aged today.

A more realistic estimate is between the years 2004-2010. Unfortunately, we won't know we hit the peak until 3-4 years after the fact. Even on the upslope of the curve, oil production varies a bit from year to year. It is possible that worldwide oil production peaked in the year 2000 as production has dipped every year since.

apache

$2.45 a gal in san luis obispo Ca, they tell me thats what it costs to live in paradise. Paradise hardly, tourist rat trap is more like it. What the heck, the median home is now $450,000. gettin expensive here.

dakar

Steadily climbing, $1.749 here in WI yesterday, AND still getting the crappy winter blend until the end of April

welder27

I've got $1.72 for diesel and $1.62 for 87 octane gas. I heard a trucker say it's $2.00 for diesel and $2.49 for gas in Las Vegas.