Diesel today

[Tomtint]

Diesel is currently $2.72/gal here. Crude oil futures are showing a slight drop through the end of next year, so I don't think there will be a big drop in prices. A $10 per barrel change equates to a $0.25 per gallon change at the pump. Any change in federal policy will take longer than that to show up in the market. Since only 20% of domestic production comes from federal lands, it also has a smaller impact on price.

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I do t recall what crude was selling for per barrel in 2018/2019 when diesel was 2.10- 2.25 pg and gas was sub 2.00, .. I believe it was about 40.00 per barrel +\-.. but I could be wrong

 

[5030]

The per barrel cost is irrevelant actually. What the refiners set the cost for the finished product is what is important actually, that and the markup that retailer apply. Why the pump cost varies from station to station, all depends on which retailer they are buying from.

Way back when we owned a filling station and our pump markup was about 3 cents per gallon pumped.

Why most stations now have convenience stores or fast food eateries. Much better profit margin there.

 

[Engineer42]

$3.25 a gallon here today

 

[Tomtint]

The per barrel cost is irrevelant actually. What the refiners set the cost for the finished product is what is important actually, that and the markup that retailer apply. Why the pump cost varies from station to station, all depends on which retailer they are buying from.

Way back when we owned a filling station and our pump markup was about 3 cents per gallon pumped.

Why most stations now have convenience stores or fast food eateries. Much better profit margin there.

The refinery still has to account for what they are paying for raw materials. ..So is a barrel is 100.00 as apposed to 50.00 ..that cost will most certainly effect the final price at the pump. The margin .03 that the store owner puts on, will likely not change as they have a fixed profit margin based on gallons pumped.

 

[WM75Guy]

The per barrel cost is irrevelant actually. What the refiners set the cost for the finished product is what is important actually, that and the markup that retailer apply. Why the pump cost varies from station to station, all depends on which retailer they are buying from.

Way back when we owned a filling station and our pump markup was about 3 cents per gallon pumped.

Why most stations now have convenience stores or fast food eateries. Much better profit margin there.

Don't think so.

 

[5030]

I do...

 

[Tomtint]

I do...

But your math ..dosent match the historic facts...

 

[jyoutz]

I'd sure like to know where the road tax funds go because here in Michigan, the roads flat suck and always have. Pot hole city, summer and winter makes no difference.

Me thinks a lot of it goes in some politician's pocket.

If it’s like most states, all the road taxes go to the urban areas and rural roads are crap.

 

[jyoutz]

I do t recall what crude was selling for per barrel in 2018/2019 when diesel was 2.10- 2.25 pg and gas was sub 2.00, .. I believe it was about 40.00 per barrel +\-.. but I could be wrong

It was around $40/barrel in the early 2020s and the petroleum industry was posting losses. Higher prices is one of the reasons why the U.S. industry was producing record volumes in 23 and 24.

 

[bdhsfz6]

Had (red) fuel oil delivered this week for $2.93/gal. $.48 cheaper than ORD and $.98 cheaper than taxed diesel at the pump. Use it only for heating, tractors & generator.