Diesel prices take a jump yet again

[ultrarunner]

Now I will have to go back...

 

[MossRoad]

There are a lot of refineries in the Dakotas. Why would oil be “brought down “ to the gulf coast? The same with oil from the Permian basin: there are lots of refineries in west Texas and New Mexico.

Three Facts You Should Know About the Keystone XL Tar Sands Pipeline and Exports

When he vetoed legislation meant to force approval of the proposed Keystone XL tar sands pipeline last week, President Obama noted that the project is designed largely as a way to route Canadian tar sands to the global export market.Sure...

www.nrdc.org

 

[MossRoad]

'New' IHS report dusts off old and inaccurate industry talking points about Keystone XL

Earlier this week IHS - an oil industry funded research consultancy - released another in a long line of reports promoting the proposed Keystone XL tar sands pipeline. The report makes a number of outlandish and unsubstantiated claims about tar...

www.nrdc.org

 

[Tomtint]

Diesel 2.35 when Biden got the job...7.00 today

 

[jyoutz]

Diesel 2.35 when Biden got the job...7.00 today

Same thing worldwide. The market is way larger than US politics. And the world is bigger than the US.

 

[Tomtint]

Same thing worldwide. The market is way larger than US politics. And the world is bigger than the US.

All there more reason we need an America First POTUS

 

[dirttoys]

Same thing worldwide. The market is way larger than US politics. And the world is bigger than the US.

Also written by jyoutz:
It is destined for export. No US refinery is capable of processing that oil and even though that oil has been exported for years from the US gulf coast, no US company has built a refinery capable of processing that low grade oil, nor has any company indicated that this is planned. It’s not really a factor in US fuel. US refineries have access to much higher grade US produced crude oil. A fabricated issue.


You are a frustrating guy, with an agenda. That is fine, I have an agenda too, but I am honest about mine, and don't double speak to make my points.

Both the quotes above are from you.

How in the world can you say the xl pipeline would have no impact on US gas prices, then say the fuel market is worldwide and bigger than just the US?

You reply to every poster that does not share your opinion, in an effort to disagree from a more educated perspective. You either don't really understand any of this "stuff", and just like to take the counter point, or you want to promote your agenda without regard to the big picture truth.

I don't have the time, energy, desire to chase you around and debunk every post, but, hopefully folks that are trying to understand, and genuinely want good information will read enough of your comments to understand the truth is not what you are going for.

Best,

ed

 

[IH3444]

Jamie Dimon says 'brace yourself' for an economic hurricane caused by the Fed and Ukraine war

"You know, I said there's storm clouds but I'm going to change it … it's a hurricane," Dimon said Wednesday at a financial conference in New York.

www.cnbc.com

Fed Starts Experiment of Letting $8.9 Trillion Portfolio Shrink

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergElon Musk’s Ultimatum to Tesla Execs: Return to the Office or Get OutReady to Buy a House? Just Wait a Few WeeksSoros’s Money Manager Warns Recession...

nz.finance.yahoo.com

 

[jyoutz]

Also written by jyoutz:
It is destined for export. No US refinery is capable of processing that oil and even though that oil has been exported for years from the US gulf coast, no US company has built a refinery capable of processing that low grade oil, nor has any company indicated that this is planned. It’s not really a factor in US fuel. US refineries have access to much higher grade US produced crude oil. A fabricated issue.


You are a frustrating guy, with an agenda. That is fine, I have an agenda too, but I am honest about mine, and don't double speak to make my points.

Both the quotes above are from you.

How in the world can you say the xl pipeline would have no impact on US gas prices, then say the fuel market is worldwide and bigger than just the US?

You reply to every poster that does not share your opinion, in an effort to disagree from a more educated perspective. You either don't really understand any of this "stuff", and just like to take the counter point, or you want to promote your agenda without regard to the big picture truth.

I don't have the time, energy, desire to chase you around and debunk every post, but, hopefully folks that are trying to understand, and genuinely want good information will read enough of your comments to understand the truth is not what you are going for.

Best,

ed

My only agenda is that we discuss the facts, not incorrect disinformation such as “ oil production is declining.” And blaming an oil pipeline cancellation on reduced US fuel supply (it is destined for export anyway). I actually don’t support either political party (I’m independent), just want a facts based discussion. Too many of the comments here are mouthing political agendas and talking points. The facts:
1) the US is producing as much crude oil as we ever have.
2). We are exporting a large amount of both crude oil and fuel.
3) The cancelled Canadian pipeline didn’t affect US supply because it has always been planned for export and the oil quality isn’t suitable for existing refineries to use.
4) Prices are influenced by a worldwide market because the US is a major exporter.
5) The entire world is experiencing huge price increases for fuel this year.
6) Lot of things are creating this price situation, not just US politics.

These are all facts that can be verified, not opinions. We are all entitled to our own opinions, but not our own facts. Now if we want to discuss general inflation, I think there are plenty of facts that indicate poor political policies exacerbating the situation.

 

[bmaverick]

Diesel 2.35 when Biden got the job...7.00 today

The US is on the Petrol dollar. Hasn't been on G & S for over 50 years.

US has kept over those decades low fuel prices compared to the rest of the world.

Those baby boomers collecting social security need a monthly check. The fuel taxes did rise over the years.

How many hands have to work the crude from the ground, then to the processor, to the pipelines, to the semi-tankers, and to the filling stations? All those people's wages went up as the minimum wage is headed towards $15/hr.

If all we do is complain in this thread, then we suffer the price at the pump. Or do you take additional dollars to buy into the energy markets to receive a hefty dividend to drive the price per dollar back down to $2.30 per gallon.

There is a book series out there for the simplest person to understand how to beat back the theft of your earned income.

Who Moved My Cheese?​

https://en.wikipedia.org/wiki/Who_Moved_My_Cheese?

Once you realize the shift, you prepare to be on the receiving end to get it back. But, things change there too. So the energy stocks may not be the place either as change keeps going. Currency exchange to other nations with high energy output for export is another way to recover lost income at the pump.

Your earnings is your cheese. Spending it away or having more of it taken away needs your action to curb the effect.