Diesel today

[Bentrim]

At my age, 'racing' is getting to the toilet and not wetting my pants...

Racing is getting to the toilet before my wife!
I remember while in the Army in Fort Sill gas was .25 didnt care what mileage my car got back then, seemed they all got 10mpg of course a heavy right foot didn't help.
Racing also is what you watch onTV and wish that was me in that seat---until the big one.
As for gas tax it seems here in Pa it is used for the shovel handle testers as they lean on their shovel watching everyone else work.
My favorite is when they have just paved the road and then a utility comes in digs a trench and then put a rough suspension destroying "patch" on it.

 

[joc664]

Diesel 4.15 PG today... My guess that this time next year its sub 3.00.. I remember back in 2018/2019.. Mass was pushing hard to raise the fuel tax because gas was sub 2.00 PG and it was such a great time to do it,.. because they could add .25PG and the consumer wouldn't really notice it...

What are the reasons you think it will get this low. Oil is a world market now, and our prices are some of the cheapest in the world. Hard to see a mechanism for price getting this low.

 

[tjandrews]

Racing is getting to the toilet before my wife!
I remember while in the Army in Fort Sill gas was .25 didnt care what mileage my car got back then, seemed they all got 10mpg of course a heavy right foot didn't help.
Racing also is what you watch onTV and wish that was me in that seat---until the big one.
As for gas tax it seems here in Pa it is used for the shovel handle testers as they lean on their shovel watching everyone else work.
My favorite is when they have just paved the road and then a utility comes in digs a trench and then put a rough suspension destroying "patch" on it.

Or how about how, right after they pave a nice, smooth road, they grind gouges out of the center. It's almost as if they don't want you crossing to the wrong side of the road when you fall asleep at the wheel...

 

[tjandrews]

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.

Those losses were more because the economy had been tanked because of covid, and so demand for motor fuels was way off, than it is because of the price of crude.

 

[jyoutz]

Those losses were more because the economy had been tanked because of covid, and so demand for motor fuels was way off, than it is because of the price of crude.

It’s connected. The industry doesn’t make profits at $40/barrel.

 

[jyoutz]

In 1970, I delivered diesel for $.12 a gallon, regular gas for $,24 a gallon. Are these or were those "the good ole days"?

What was your annual income in 1970?

 

[jyoutz]

Diesel 4.15 PG today... My guess that this time next year its sub 3.00.. I remember back in 2018/2019.. Mass was pushing hard to raise the fuel tax because gas was sub 2.00 PG and it was such a great time to do it,.. because they could add .25PG and the consumer wouldn't really notice it...

Sub $3 today.

 

[D&D]

dang at that price differential being close to $0.80 a gallon, I'd be going in with a couple of barrels or something and refilling my tanks.

Often see them at the pump with 5 gallon to 55 gallon cans in their truck. One guy I’ve seen has a 250 gallon IBC tote on his. Some also use the off-road pump for their older farm trucks.

 

[dodge man]

It used to be easy several years ago to kerosene around here, now it’s only one place. I mainly use it to add to diesel when it’s going to get cold to prevent gelling. I paid $6.50 a gallon today for 5 gallons, which will probably last me a couple of years.

 

[paulsharvey]

Paid $3.19/gal for on road day before yesterday.