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 > Price of Diesel

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hone eagle

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Posted: 02/20/12 04:12pm Link  |  Print  |  Notify Moderator

Highway 4x4 wrote:

How much of that 5 bucks are taxes? Not that it matters, it's still money out of your pocket.

Way WAY too much. :-)
Thats why I try and fill up at the duty free - buck cheaper.
150 gallons - save 150 bucks


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CA Traveler

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Posted: 02/20/12 04:19pm Link  |  Print  |  Notify Moderator

$3.85+ for diesel in the Phoenix area.


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coobie

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Posted: 02/20/12 06:43pm Link  |  Print  |  Notify Moderator

Supercharged wrote:

I saw $6 sign last night.
Thats BS.coobie


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hone eagle

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Posted: 02/20/12 05:47pm Link  |  Print  |  Notify Moderator

ng2951 wrote:

Quote:

How much of that 5 bucks are taxes?
Not much, comparatively speaking. However, a lot of it is the result of multi-trillion dollar deficits. These deficits make the dollar worth less and foreign countries demand more per barrel due to the devalued dollar.

So in a way it is related to taxes.

Europe produces most of its gasoline from lighter crudes (Libya, etc) as a result they are getting their gasoline from us.

ULSD is a recent government requirement and many of the refineries are still recouping the investments in these new units.

Actually it is a good thing unemployment is not at 5% like it was 4 years ago or gas would be well beyond $5/gallon.

Wrong country

ng2951

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Posted: 02/20/12 04:36pm Link  |  Print  |  Notify Moderator

Quote:

How much of that 5 bucks are taxes?
Not much, comparatively speaking. However, a lot of it is the result of multi-trillion dollar deficits. These deficits make the dollar worth less and foreign countries demand more per barrel due to the devalued dollar.

So in a way it is related to taxes.

Europe produces most of its gasoline from lighter crudes (Libya, etc) as a result they are getting their gasoline from us.

ULSD is a recent government requirement and many of the refineries are still recouping the investments in these new units.

Actually it is a good thing unemployment is not at 5% like it was 4 years ago or gas would be well beyond $5/gallon.


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NewsW

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Posted: 02/20/12 06:48pm Link  |  Print  |  Notify Moderator

coobie wrote:

Supercharged wrote:

I saw $6 sign last night.
Thats BS.coobie


Will I get a free side order of a 1/4 pounder with the bilewesel?

blt2ski

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Posted: 02/20/12 07:08pm Link  |  Print  |  Notify Moderator

coobie wrote:

Supercharged wrote:

I saw $6 sign last night.
Thats BS.coobie


Coobie,

You've been around long enough I thunk, to not feed that troll have you not?!?!?!?!?

Anyway....back to your regularly scheduled something or other.

marty


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SoCalDesertRider

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Posted: 02/20/12 08:29pm Link  |  Print  |  Notify Moderator

hone eagle wrote:

SoCalDesertRider wrote:

NewsW wrote:

You people rejected the proposal to build a pipeline to bring oil from Canada to the gulf coast, which would have drastically lowered the cost of oil in North America.
The people of this country didn't reject it. Our reject president rejected it!

Hopefully, he will be gone in a few months....

I want to weld on that pipeline!

Might be too late ,there is a real possiblity of it going to a west coast port terminal now.
From what I heard, Canada already cut a deal with China to sell them the oil.


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Posted: 02/20/12 07:17pm Link  |  Print  |  Notify Moderator

Diesel 3.83-4.19 around town now.

We'll make more summer plans in the next month or so. When Diesel was 4.85/gallon back in 2008 we ran 2,000 a month of diesel through the trucks for fun travel a couple months. We'll still travel, but it will might mean Oregon Coast instead of ID or Montana. And more nights in one place and less just traveling around all day with the camper on the truck. Still hoping to run to UT for ATV riding this June/July. I'm going to just plan on $6 diesel for my vacation savings for this coming summer.


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NewsW

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Posted: 02/20/12 07:30pm Link  |  Print  |  Notify Moderator

Price is temporarily high because Iran oil is technically off its natural markets like UK, France, Italy, etc.

That is causing diesel to be vacuumed up from North America to Europe to make up for the shortages that might happen there.

The good news is Libyan oil is coming back on stream, and there is sufficient spare capacity around to make up for the shortages.

In the worse case, we can run tankers from Montreal with Canadian crude to the Gulf Coast, or talk good old Caesar Chavez to grin and produce more.

Consider the price now to be a temporary high --- soon to be driven down by lower summer demand.

Hang in there.

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