chopped
Veteran Member
Not sure if its just my area but Diesel took a huge increase now. 23 cents almost over night. And Im sure food etc will have to rise also..
Diesel UP feb2012
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DennisFolsom
Gold Member
Yup - The cost of just about everything will rise.
As far as my direct impact goes, my JD tractor is the only diesel I run. Fortunately, I don't use much of it!
Indirectly - just about everything we buy is transported to us by diesel fueled rigs.
As far as my direct impact goes, my JD tractor is the only diesel I run. Fortunately, I don't use much of it!
Indirectly - just about everything we buy is transported to us by diesel fueled rigs.
OP
chopped
Veteran Member
''Indirectly - just about everything we buy is transported to us by diesel fueled rigs.'' Thats right. I guess this is always fresh in my head as one day I was buying gas and I mentioned to someone how the Diesle has gone up sharply and they replied. I dont have a diesel so I dont care what it costs.
Here in my are people heat with oil, And everything comes by truck, or even a train, so diesel to move it all.
Dont care what the 'experts' say when this cost rises I have less money to spend at the stores.
Here in my are people heat with oil, And everything comes by truck, or even a train, so diesel to move it all.
Dont care what the 'experts' say when this cost rises I have less money to spend at the stores.
204saskman
Gold Member
Yep same here in canada. Get used to it, we have ALWAYS paid more for fuel then you guys down south. Everything is going up in price and there isnt much a person can do but budget better i guess. I bought 500L of diesel the other day and it was 1.03/L or 3.99/gal. This was for Off road fuel, not clear pump diesel. Pump diesel is 1.25/L or 4.84/gal. Pretty sad in my mind when 10 years ago they could barly give diesel away since there was so much of it but now that has changed.
dmccarty
Super Star Member
Twas $3.89 this morning. The price has been pretty stable around that amount of months and months.
Now that I said it, maybe it will jump up by the time I go home tonight.
Later,
Dan
Now that I said it, maybe it will jump up by the time I go home tonight.
Later,
Dan
kebo
Elite Member
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Read an article today that said gas will be over $4/gal in the lower 48 this summer. Just imagine what diesel will be? This will likely kill any improvements in the economy this year.
NWOH_Grizz
Silver Member
Went down a bit around here yesterday. Runs $3.75 - $3.85, saw a former 3.75 station at 3.69 today. The weather has been so mild around here, maybe its because they are not selling much heating oil.
CAgnoli
Silver Member
Sadly, since we don't explore our own natural resources, are dependent on other nations for our oil, AND print money like we're hired, everything will continue to go up.
Our economy is basically on life support.
Our economy is basically on life support.
rsewill
Veteran Member
Diesel is about $.20 more than gas on the wholesale market plus about $.05 more in road taxes. But it runs about $.60 more at the pump. Gas is sold by refiners at cost and they make their profit on the rest of the refined barrel.
Artisan
Veteran Member
This is a print screen of Diesel fuel prices here close to me. You guys ain't seen nothing yet...this is NOW, TODAY;
204saskman
Gold Member
See the wort of it is, i used to work at a Gas plant(oil and gas field refinery) and we used to refine our oil and condensates to the point were they would go to the refinery. We were basically taking alot of the diesel out of gas as we used out at the wells for a de-waxing agent. It was cheaper than chemical and just as efective. Now if diesel is this easy top refine, why is it up so much. I realize suppy and demand but who should have to pay for this??? Canada and USA has unstable econmeys at this time and higher, food,fuel,cost of living,lack of jobs,etc are not helping the situation. Just like how canada wants to run a pipeline down to louisiana to the refinerys but Obama doesnt want it and is doing so just to keep people happy. I dont know about you guys, but id be happy to have a job building this pipeline while it passes through my area and create future jobs at pumping stations and refinerys to help stimulate the economey. Just my 2 cents
OP
chopped
Veteran Member
I agree we need to tap our supplys here at home NOW, and also from our friends to the north (canada).Where I live here the canadian gas company has really taken root ..
rsewill
Veteran Member
Today the gallon wholesale spread is $.25 + $.05 tax difference. Locally my retail prices are about $3.899 for Diesel and $3.359 for regular gas ($.54 difference.) Must be the bitterly cold winter in the northeast driving up fuel oil prices.
smfcpacfp
Veteran Member
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When I was a kid in the 1960's diesel was $.20/gallon, coke was a nickle, and my $15,000 starting salary with an international firm in NYC was huge money. But there is something called inflation which has been around since money was created.
Rather than bemoan it, you need to learn to deal with it.:confused2:
Kubota B3030 HSDC snowblowing Jan 2012 (HD) - YouTube
Rather than bemoan it, you need to learn to deal with it.:confused2:
Kubota B3030 HSDC snowblowing Jan 2012 (HD) - YouTube
Artisan
Veteran Member
I think it is best to use up all the other nations fuel supplies before we tap ours. :thumbsup: :laughing:
OP
chopped
Veteran Member
Actually its mild here. I burn wood but have not used alot yet.... very '''mild''
RaydaKub
Veteran Member
This is a print screen of Diesel fuel prices here close to me. You guys ain't seen nothing yet...this is NOW, TODAY;
Yeah, but California has always had screwed up petrol prices. I remember looking at 3 gas stations on 3 corners of an intersection in Santa Barbara many years ago. They had 3 different prices for regular. One station was at $x.xx. The 2nd one was $x.xx+20 and the third was $x.xx+30. And there were more people at the +20 and +30 stations than at the lower priced one. Who would want to pay 30 cents a gallon more than just crossing the street?:confused2:
rsewill
Veteran Member
smfcpacfp said:
It's not the 'high' cost, it's the difference in price between gas and Diesel at the pump compared to the wholesale price.
Herkypilot
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It's called the great con game! Some world event causes speculators to start betting on calamity. Oil companies claim they have no control and they are at the whims of the market yet they continue to post record profits. This flatly defies the laws of economics. They claim supplies of oil cost them more to bring to market. Their profit margins should remain the same, not increase. They continue to break records quarter after quarter in profits!
RaydaKub
Veteran Member
Profit and profit margin are not the same thing. That which our politicians demagogue and threaten with "windfall" profits taxes has continued to make a steady 9% profit margin for about 30 years. Exxon-Mobile may be the largest oil company in the US, but they are in like 20th place world wide when you compare them to Saudis or Chinese. They produce about 3% of the oil consumed world wide and handle about 5%. That means they buy the 2% more on the open market, paying the $100 a barrel crude prices you hear about on TV.
By the way, if you have a 401K that makes any money at all, it is *VERY* likely due to this 9% profit margin. The largest investors in Exxon-Mobile? The teachers union and fire/police union retirement funds. Why? Cuz they continue to make money.
