Diesel prices in your area?

[NJDevil]

It BUSH"S Fault

 

[newbury]

Having worked in the oil and gas industry I think the supply of oil will be high for some time. OPEC is loosing money as the USA continues in increasing production and demand declines.

Drilling continues in the Dakotas and the oil needs to go somewhere. After drilling all those wells the oil companies will need to re-coop their cost. They will not simply cap all those wells.

The other side of the equation is refining. Here in the USA we have not built a refinery in 30 years. The current refineries are getting old. That will be the factor that influences prices at the pump. Oil could fall to $20 a barrel but if the refineries are down for maintenance or rebuilding we will see higher prices.

Now that Iran will be contributing more oil to the market we may see more volatility in the industry as everyone tries to get rid of their oil.

If the USA does not build new refineries to handle the supply prices will constantly fluctuate with the old refineries.

Enjoy the prices while we can. :2cents:

Refineries IN the US are a problem.

There were 140 operable petroleum refineries in the United States as of January 1, 2015.

Two new refineries began operating in early 2015:

The 19,000-barrel-per-calendar day (b/cd) Dakota Prairie facility in Dickinson, North Dakota.
The 42,000 b/cd Kinder Morgan condensate processing facility on the Houston, Texas, ship channel, with plans to double that capacity by the end of 2015.
The newest refinery with significant downstream unit capacity began operating in 1977 in Garyville, Louisiana. That facility came online in 1977 with an initial atmospheric distillation unit capacity of 200,000 b/cd, and as of January 1, 2015 had capacity of 522,000 b/cd.

Capacity has also been added to existing refineries through upgrades or new construction. The most recent examples are:

In 2012, Motiva upgraded its refinery in Port Arthur, Texas, making it the largest refinery in the United States with a capacity of 603,000 b/cd as of January 1, 2015.
In 2009, Marathon upgraded its Garyville, Louisiana refinery. As of January 1, 2015, the capacity (b/cd) is more than double its original 1977 capacity.

from When was the last refinery built in the United States? - FAQ - U.S. Energy Information Administration (EIA)

With Iran coming back online, Putin needing money and China slowing down the world is awash in oil.
From Bloomberg:

Goldman cut its crude forecasts this month, saying the global surplus of oil is bigger than it previously thought and that failure to reduce production fast enough may require prices to fall near $20 a barrel to clear the glut. Prices may touch that level when stockpiles are filled to capacity, forcing producers in some areas to cut output, Currie said Wednesday.
典he last time we saw a period that was similar to today was 1986, 29 years ago, he said. 展e waited 15 years for oil to start rising again.

Goldman Sees 15 Years of Weak Crude as $20 U.S Oil Looms - Bloomberg Business

 

[oldpilgrim]

Diesel is still $2.39 but I just filled my 2 home heat tanks at $1.80/gal.

 

[k0ua]

At the AR/MO border, Unleaded is at 1.89 and Diesel is $2.19

 

[zombie]

Clackamas OR for crappy bio is $2.35 right now

 

[zombie]

2.59 in Gresham OR today

 

[Shelton823]

Diesel is still $2.39 but I just filled my 2 home heat tanks at $1.80/gal.

Wish that was the case here in MD. Best heating oil price I can find is $2.69 while on road diesel can be found for $2.08 - $2.15. Looks like I will be heating with straight diesel this winter. Anyone in MD have any sources I am unaware of please chime in!

 

[Complete Turf Care]

We paid $1.86 for 340 gallons of off road diesel for the camp generator in Eden, Texas last Friday.

Paid $2.099 for road diesel near Bastrop, Texas on the trip home yesterday.

 

[Complete Turf Care]

We paid $1.86 for 340 gallons of off road diesel for the camp generator in Eden, Texas last Friday.

Paid $2.099 for road diesel near Bastrop, Texas on the trip home yesterday.

 

[NJDevil]

Today Diesel is 2.07
Reg Gas 1.78