Diesel prices take a jump yet again

[dodge man]

I talked to a guy that worked with me part time. He also farms and installs field tile. I asked him how much diesel he would go through in a day and was surprised when he said about 40 gallons, I figured it would be more. He had prepaid for 3000 gallons at something like $2.60 a gallon but said he had just used it up. At the pump it was $5.19 a gallon today in Macomb, Illinois.

 

[mrmikey]

Gas is supposed to go up tonite May-06-22 in Nova Scotia by CAN$ 11 cents a liter, that'll put it at CAN$1.91L, US$5.63 a US gallon, diesel is supposed to drop by CAN$ 6 cents....we'll see.....M

 

[mrmikey]

Went up last night, May-13-22 in Nova Scotia, gas is now CAN$ 1.99L, diesel CAN$ 2.46L, works out to US$ 5.75 a US gallon, US$ 7.12 a US gallon............M

 

[CloverKnollFarms]

In the U s we are at the highest cost ever recorded.

 

[jyoutz]

Surely government policy has nothing to do with this, it must be corporate greed.

I don’t know how anyone could say such things as….opening oil pipelines domestically or fracking or drilling for oil in the United States instead of importing Russian oil could help this kind of problem.

I own a small business so I guess I’ll just raise my prices to compensate for the extra costs. Actually I’m going to raise them as high as the market will bear out of fear of the unknown.

Oil companies have made statements at shareholder meetings this year that they were going to focus on increasing shareholder value instead of reinvestment of profits in increased production. Shareholders were getting snarly after losing so much during the Covid related decline in oil revenues. These costs are directly related to industries desire to not significantly increase production and then the loss of Russian oil from the market.

 

[jyoutz]

Absolutely it does. Everyone who can make it better has their hands tied by the federal government. The industry would love to increase drillling.

Not true. Oil companies have made statements at shareholder meetings this year that they were going to focus profits on increasing shareholder value instead of reinvesting profits in increased production. Shareholders were demanding it after losing so much in 2020. But despite those statements, production is expected to reach record highs in 2022.

Short-Term Energy Outlook - U.S. Energy Information Administration (EIA)

www.eia.gov

 

[mrmikey]

Gas supposed to go up tonight May-17 in Nova Scotia to CAN$ 2.08L works out to US$ 6.06 a US gallon, diesel stays the same at CAN$ 2.41 which is US$ 7.03 a US gallon, is it ever going to stop?..........M

 

[CloverKnollFarms]

Gas supposed to go up tonight May-17 in Nova Scotia to CAN$ 2.08L works out to US$ 6.06 a US gallon, diesel stays the same at CAN$ 2.41 which is US$ 7.03 a US gallon, is it ever going to stop?..........M

Nope. Everything is great. Our administration says they have no recession fears . Ignorance truly is bliss

 

[mrmikey]

Gas went up what was predicted, diesel went up too, now CAN$ 2.46L, US$ 7.19 US gallon......M

 

[RoyJackson]

I used to keep the tractor topped off...or, at least ¾ filled. There's about ¼ tank right now.
Considering the price of diesel (even off-road fuel) and the tractor stays outside, I'm expecting fuel theft to be a problem, if that hasn't started already (probably has in some places).
I have about 10 gallons in the garage and no real need for tractor work right now, so I'll leave it at ¼ tank. It's been prepped with Power Service...should be OK

Speaking of fuel, had a real shock yesterday...
I'd written my ZT was getting a full service since all I ever did was oil and filter changes. Figured after 5 or 6 years of use, and around 220 hours, a full service would be a good idea. Now, when parking the mower for the off season, I fill the tank and add Stabil (then run the engine to get the Stabil throughout the fuel system)...then the usual....greasing, etc.
Anyway, called the dealer asking the status of work. He told me all was well, but they had to drain the fuel tank as there was quite a bit of water in the fuel (> 1 gallon was his estimate). I have no idea how water could get in the tank. I never ran the tank dry (normally topped off at ¼-½ tank)...after mowing, the ZT was parking in a garage (no heat nor AC). I have a hard time believing this was condensation built up over the last 5-6 years. At this point, I'm assuming there was water in the fuel when when I was refueling..
Any thoughts? WAGS?