Fuel Price Dropping

[KiotiKowboy]

Price of fuel has been dropping steadily for a while now. Even so, it's still about $1 gallon higher than it's worth.

Local prices today:

Corn Fuel - $2.48
Real Fuel - $2.75
Diesel - $3.60 *** Glad I passed on buying a diesel truck !!!

 

[cowpie1]

You would be correct that it is about $1 more than it is worth. That is because almost $1 of every gallon of fuel you buy is just taxes and fees, local, state, and federal.

I filled up on E85 the other day.... $2.13 a gallon. Don't have any choice but the diesel for my semi truck. But that's ok, I just charge a fluctuating fuel surcharge, included in the freight rate, to cover the fluctuating costs of the fuel. Remember that when you go to the store and buy something. The fuel surcharge thing is across the board thing in trucking, so don't think I am doing anything unseemly. It is just a standard freight rate practice throughout trucking. The FSC is based on $1.25 floor price of diesel and a average 6 mpg. So, if diesel is $3.60, I will include a per mile fuel surcharge of 40 cents a mile in the negotiated freight rate.

But that is business. What costs the business incurs, the consumer is the one that actually pays it.

 

[Wolfy]

I have high respect for truckers. I know their job is miserable and full of crazy hours. But like KiotiKowboy says, I do not want a diesel pickup. I remember around 2000 when diesel was 10 to 20 cents cheaper than gasoline, made sense to own one back then.

 

[Diamondpilot]

Price of fuel has been dropping steadily for a while now. Even so, it's still about $1 gallon higher than it's worth.

Local prices today:

Corn Fuel - $2.48
Real Fuel - $2.75
Diesel - $3.60 *** Glad I passed on buying a diesel truck !!!

Yes, I own a diesel truck and for 6 months the fuel has been $1 more per gallon. Needless to say we park it and drive the gassers unless we are pulling 12,000# or more.

Chris

 

[RedNeckRacin]

Price of fuel has been dropping steadily for a while now. Even so, it's still about $1 gallon higher than it's worth.

Local prices today:

Corn Fuel - $2.48
Real Fuel - $2.75
Diesel - $3.60 *** Glad I passed on buying a diesel truck !!!

You can nod your hat to horizontal drilling and hydraulic fracturing for the reduced fuel prices.

 

[Gary Fowler]

The oil sands of Canada can compete with any oil producer if we get pipelines from there to USA refineries, it should make North America oil independent. Last I worked there (2005), they could produce a barrel of cleaned sulfur free oil for around $25 per barrel which included all expenses related to production. Anything above that price was profit. The production cost rose about $1 per year while we were upgrading the refinery so now it might be as much as $35+ per barrel but still very profitable to produce.

 

[PILOON]

However interesting to observe that while the barrel goes down in price the gal at the pump just does not follow suit at the same pace.

Do I really believe the explanation that they are refining yesterday's (costlier) barrel ?
Of course taxes are such a large component of a gal of gas that the barrel would need to be almost free B4 the pump gal would return to glorious days.

 

[SPYDERLK]

However interesting to observe that while the barrel goes down in price the gal at the pump just does not follow suit at the same pace.

Do I really believe the explanation that they are refining yesterday's (costlier) barrel ?
Of course taxes are such a large component of a gal of gas that the barrel would need to be almost free B4 the pump gal would return to glorious days.

ESP on diesel. Slower turn over I guess. Gasolene responds faster, but still slow enuf to let them line their pockets a bit as it drops.

 

[Pepsiboy]

You would be correct that it is about $1 more than it is worth. That is because almost $1 of every gallon of fuel you buy is just taxes and fees, local, state, and federal.

I filled up on E85 the other day.... $2.13 a gallon. Don't have any choice but the diesel for my semi truck. But that's ok, I just charge a fluctuating fuel surcharge, included in the freight rate, to cover the fluctuating costs of the fuel. Remember that when you go to the store and buy something. The fuel surcharge thing is across the board thing in trucking, so don't think I am doing anything unseemly. It is just a standard freight rate practice throughout trucking. The FSC is based on $1.25 floor price of diesel and a average 6 mpg. So, if diesel is $3.60, I will include a per mile fuel surcharge of 40 cents a mile in the negotiated freight rate.

But that is business. What costs the business incurs, the consumer is the one that actually pays it.

cowpie,
I retired from trucking about a year ago, so I know what you are going through. :hissyfit: I just couldn't stand the B.S. out there any more. Just a quick question for you. Do you know when it will be mandatory to have automatic EOBR's in your truck? That was a BIG topic for discussion whil I was driving.

Hi from Missouri ! ! ! :welcome: :cool2:

Dave

 

[kenmac]

I filled up with diesel last night.
diesel 3.29 per gal
gas 2.55 per gal