DelawareCamper
Newark, Delaware
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Joined: 08/04/2002
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was it in the 70's when the Teamsters shut down the trucking industry because of fuel prices?
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BIG RIG GUY
Milton Ontario
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Joined: 09/24/2006
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Not all the trucking outfits are getting a fuel surcharge, at least not anywhere where it should be, My business deals with the trucking industry and all I hear from everyone daily is horror stories. Many owneroperators do not get any kind of fuel surcharge and their rates have not risen since the late 90's believe it or not.
1.20 per litre guys are telling me late this afternoon here in Ontario.
There is a method to the madness, disturb the method and the madness begins.
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rather be travlin'
Rose Capitol of (Texas at least)
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Joined: 07/20/2004
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IMHO, the price is high because of our demand for fuel, and the "I'm going no matter what" attitude. I'm combining trips for errands, and waiting to do them when I'm on my way home from work or other unavoidable travel. The old addage of supply and demand holds true. If we'd stop demanding so much, prices will drop. A barrel of oil is 32 gallons, and at $100/bbl price has to be so high to make a profit.
I believe the reason for diesel being higher than gasoline is due to EPA requirements for ULSD. Refiners are having a hard time meeting specs.
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bullydogs1
New Jersey
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It's a good thing I didn't pull the trigger for a DP now..Diesel now $3.85 / gallon here and some stations over $4 ...going up about 10 cents a day while gas goes up 2 cents a day. This is crazy...what is the point of the line you don't cross. This country runs on diesel and unless it is stopped it will start a cataclysmic inflation runaway cycle. Remember that $1200 the average family is supposed to get?...guess whose pocket it is going into ?...Yep--legal embezzlement from the govt pocket to oil's pocket just so the average family can survive....DP's are going to drop in price and several good people will lose jobs all because of GREED...37B of profit a quarter....it's time for a trucker's rebellion of some sort and anyone with a diesel vehicle should join in.
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Glen Schumann
Winona, MN
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There have been a lot of comments here about "speculators" and oil/fuel prices. I suggest that it would be a good idea for some of you to study the commodities futures markets. Here is one source which you might find helpful: The Mechanics of the
Commodity Futures ........kets What They Are and How They Function
As has been mentioned in one other post I saw, speculators actually play a moderating role in price swings.
In my opinion, there are several forces driving oil and fuel prices. Included are: skyrocketing world wide demand, the geo-political situations in the Mideast and recently in South America, supply shortages of oil due to manipulation by OPEC and supply shortages of fuel due to production disruptions from a number of factors including government regulation(too many blends is just one). Edit: I forgot one: the falling value of the dollar.
The total size of oil company profits is due mostly to HUMONGOUS volumes. As has been pointed out here previously, their profit margins are not at all out of line, somehwere in the 9% range I beleive. Many industries make much more than a 9% profit margin.
* This post was
edited 03/12/08 07:38pm by Glen Schumann *
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creeper
Richmond Hill, Georgia
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Joined: 12/22/2003
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rather be travlin' wrote:IMHO, the price is high because of our demand for fuel, and the "I'm going no matter what" attitude.
That's not true. Demand has pretty much remained stable and actually a decrease in the past year.
It's the speculators driving the price.
Diesel in my area went up 75 cents in the last week. Please explain how "Demand" drove that kind of increase.. In fact it didn't.
Diesel is $3.97 today....
Housing boom...
Speculator Boom...
Can't wait for the latter to crash...
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desert.girlie
AZ
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Joined: 09/12/2006
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3.70 just a 10 mins north but on the other side of town, DH paid $3.90
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NLowrance
NC USA
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Got a bargain in Gastonia, NC a few days ago. Pulled into an Exxon station and the price on the pump was $2.76. I filled up and heard later that the pump was marked wrong. It was supposed to be $3.76. I guess I need to stop the next time I'm in the ares and pay the extra.
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Tom5thWheel
Lewisburg, PA
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Nope, in Central Pa. they are $4.05 to $4.15.
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Glen Schumann
Winona, MN
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Quote:That's not true. Demand has pretty much remained stable and actually a decrease in the past year.
Here's a link to a government source for all sorts of supply and demand data about distallates (which includes home heating oil and diesel fuels).
Demand has not been stable but has risen and fallen a good deal. It has risen for 4 out of the last 5 weeks, but fell in the most recently reported week (these are four week running averages). Demand is currently below the average for 2006-7 for the most recent period. The US demand curve spent most of 2007 above the average for 2006-7.
Supply is an issue as production has fallen sharply and is about to go below the average curve while imports have also fallen.
* This post was
edited 03/12/08 08:54pm by Glen Schumann *
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