Off Road Diesel?

[rswyan]

Different supplier than the previous two quotes: $1.28/gallon, 150 gallon minimum ...

 

[blackdog2086]

Just filled a 100 gal. tank yesterday for $1.69 a gallon.

 

[arto98607]

Let's do some calculations.

First, we have to estimate the bottom price? Let's be stupid optimistic and say $2 p/gallon savings.

Second, how much fuel do we want to hoard? Let's be stupid and say 500 gallons. So we are assuming we are going to save $1000. It might take us two years to recoup the investment? That's assuming 250 gallons per year??

Third, how much will it cost us to purchase the necessary equipment to do this venture? Probably going to pay $500 for a storage tank. Another $100 to rig it up with a hand pump? So we invested $600.

Fourth, our potential profit is $400. It will take us 24 months to realize this profit. So for the next 24 months we will potentially save $17 p/month.

Fifth, would we borrow the money to do this venture? Probably not because the payback is so low. So why would we do it?

Naah, we are just using the fuel storage & 12V pump bought for year 2000!

Heh

All kidding aside, I am in a habit of buying enough off-road fuel to last us about 5 years or so - it makes sense to buy it when the price is low.


At $1.65/gallon it's worth stocking up (minus few bucks for Biobor JF & Opti-Lube).


Cheers

 

[Tx Jim]

I was quoted $1.06 for delivered off-road fuel yesterday with it to be delivered tomorrow.

 

[FatTire]

Southwest Colorado 200 gallons off-road diesel at $1.65 / gallon delivered.

 

[FatTire]

I was quoted $1.06 for delivered off-road fuel yesterday with it to be delivered tomorrow.

I never thought we'd see the day again when people were getting diesel down around a buck. But on anything financial I am usually wrong.

 

[California]

A few days ago there was a photo of a fleet of tankers anchored off California as storage waiting for prices to improve.

Google for 'photo tankers offshore'. This brought up 3 dozen parked off Galveston, too many to count off Singapore.They're everywhere.

It's going to be a while before shale oil turns profitable.

 

[finn1]

A few days ago there was a photo of a fleet of tankers anchored off California as storage waiting for prices to improve.

Google for 'photo tankers offshore'. This brought up 3 dozen parked off Galveston, too many to count off Singapore.They're everywhere.

It's going to be a while before shale oil turns profitable.

Are they waiting for prices to improve, or are they waiting to find empty storage tanks to discharge their virtually worthless cargo to?

The story I am aware of is that the on shore storage facilities are mostly full. There痴 no place to put the oil, and no market, so it sits in tankers offshore.

 

[California]

Are they waiting for prices to improve, or are they waiting to find empty storage tanks to discharge their virtually worthless cargo to? The story I am aware of is that the on shore storage facilities are mostly full. Theres no place to put the oil, and no market, so it sits in tankers offshore.

I don't know anything about the oil industry but one thing I see is this is really hurting the less-prosperous producing countries. Especially for Venezuela this is compounding their disaster now, with no oil revenue to buy imported food and medicine. I suspect there is similar impact in Nigeria, a big oil producer, but I haven't read anything about that. Russia and Saudi Arabia are crushing the competition. Combined with covid - strange times.

 

[Bigpuddie]

$1.05 delivered to me yesterday in Pa.