Diesel UP feb2012

[204saskman]

See the wort of it is, i used to work at a Gas plant(oil and gas field refinery) and we used to refine our oil and condensates to the point were they would go to the refinery. We were basically taking alot of the diesel out of gas as we used out at the wells for a de-waxing agent. It was cheaper than chemical and just as efective. Now if diesel is this easy top refine, why is it up so much. I realize suppy and demand but who should have to pay for this??? Canada and USA has unstable econmeys at this time and higher, food,fuel,cost of living,lack of jobs,etc are not helping the situation. Just like how canada wants to run a pipeline down to louisiana to the refinerys but Obama doesnt want it and is doing so just to keep people happy. I dont know about you guys, but id be happy to have a job building this pipeline while it passes through my area and create future jobs at pumping stations and refinerys to help stimulate the economey. Just my 2 cents

 

[chopped]

I agree we need to tap our supplys here at home NOW, and also from our friends to the north (canada).Where I live here the canadian gas company has really taken root ..

 

[rsewill]

Today the gallon wholesale spread is $.25 + $.05 tax difference. Locally my retail prices are about $3.899 for Diesel and $3.359 for regular gas ($.54 difference.) Must be the bitterly cold winter in the northeast driving up fuel oil prices.

 

[smfcpacfp]

When I was a kid in the 1960's diesel was $.20/gallon, coke was a nickle, and my $15,000 starting salary with an international firm in NYC was huge money. But there is something called inflation which has been around since money was created.

Rather than bemoan it, you need to learn to deal with it.:confused2:

Kubota B3030 HSDC snowblowing Jan 2012 (HD) - YouTube

 

[Artisan]

I think it is best to use up all the other nations fuel supplies before we tap ours. :thumbsup: :laughing:

 

[chopped]

Actually its mild here. I burn wood but have not used alot yet.... very '''mild''

 

[RaydaKub]

This is a print screen of Diesel fuel prices here close to me. You guys ain't seen nothing yet...this is NOW, TODAY;

Yeah, but California has always had screwed up petrol prices. I remember looking at 3 gas stations on 3 corners of an intersection in Santa Barbara many years ago. They had 3 different prices for regular. One station was at $x.xx. The 2nd one was $x.xx+20 and the third was $x.xx+30. And there were more people at the +20 and +30 stations than at the lower priced one. Who would want to pay 30 cents a gallon more than just crossing the street?:confused2:

 

[rsewill]

Rather than bemoan it, you need to learn to deal with it.:confused2:

Kubota B3030 HSDC snowblowing Jan 2012 (HD) - YouTube

It's not the 'high' cost, it's the difference in price between gas and Diesel at the pump compared to the wholesale price.

 

[Herkypilot]

It's called the great con game! Some world event causes speculators to start betting on calamity. Oil companies claim they have no control and they are at the whims of the market yet they continue to post record profits. This flatly defies the laws of economics. They claim supplies of oil cost them more to bring to market. Their profit margins should remain the same, not increase. They continue to break records quarter after quarter in profits!

 

[RaydaKub]

Their profit margins should remain the same, not increase. They continue to break records quarter after quarter in profits!

Profit and profit margin are not the same thing. That which our politicians demagogue and threaten with "windfall" profits taxes has continued to make a steady 9% profit margin for about 30 years. Exxon-Mobile may be the largest oil company in the US, but they are in like 20th place world wide when you compare them to Saudis or Chinese. They produce about 3% of the oil consumed world wide and handle about 5%. That means they buy the 2% more on the open market, paying the $100 a barrel crude prices you hear about on TV.

By the way, if you have a 401K that makes any money at all, it is *VERY* likely due to this 9% profit margin. The largest investors in Exxon-Mobile? The teachers union and fire/police union retirement funds. Why? Cuz they continue to make money.