"Here We Go Again" Cost of diesel

[Bill-N-Donna]

Been watching the price of diesel for some time now; just yesterday I seen a big jump back up to over $4.00/gal. I see it at 4.159 and closest to home it went to 4.099. I don’t know about everybody else but it takes a big dent out of my pocketbook every time I fill up. I find that I’ve been parking the F-350 a lot more than I would like to and I’ve been driving a PT Cruiser back & forth to work.

[Champ_49]

Bill, its just because they can. No other reason as far as I am concerned. They have used all the excuses time and again, now they don't even use them. They just raise the price because they can!!

Dave

[NCFischers]

X2

[CamillaMichael]

quote:Originally posted by Champ_49

Bill, its just because they can. No other reason as far as I am concerned. They have used all the excuses time and again, now they don't even use them. They just raise the price because they can!!

Dave
My thoughts exactly.

[8.1al]

Here in Michigan right now it's $3.45 for regular and $4.19 for diesel, quite a difference

[bullroc3]

Diesel!! Yeah, how about heating oil. I can park the truck and not use any fuel but cannot stand a cold house. Called to get my tanks filled today and it is at $3.54 per gallon. Will get them filled on Thursday and fire up the coal burner add-on unit for the rest of the winter. I don't know how people will afford to heat their homes up here in the Northeast. One prediction stated that it will cost a homeowner between $3000 and $4000 to heat this winter. Even the price of coal is up. Coal man stated that China is buying it like there is no tomorrow.

[Ozz]

$3.80 in Vegas

[wersqu]

Rose another dime in Wi. today. $4.10

[mlh]

I live in western Va not in coal country but not far from it. In our news paper there was a story that coal production will be down over 50% in 3 or 4 years. The EPA is doing away with mountain top removal and the seams if coal are just too thin to mine. We see trains of 200 cars each carrying 100 tons of coal go by all day every day, and it's been that way for 60 years that I can remember. I talked to a miner on Wyoming a while back he told me he was working in a seam that was 500 feet thick. The problem with western coal, he said was it had a very short shelf life of 2 weeks after it is mined, so it cant be shipped over seas.
Lynwood

[HamRad]

Lynwood,
Your statement about "western coal" having a very limited "shelf life" intrigued me so I did a bit of searching and could find nothing about a limited shelf life. All indications are that we are now and in the future will ship much of our coal to China and other Eastern countries. I could find nothing to support your mining friends claim of "limited shelf life". If you have a reference I'd gladly take a look at it. A very interesting subject. Thanks, Dennis.

[Champ_49]

Don't see the shelf life myself. I used to haul coal on trains daily. The coal from the west comes to MI. Which at times will take way more than a week to get there. Then it is unloaded to a pile that sits until it is used, sometimes for months. I serviced 2 different power plants and this was the case at both.

This of course is you meaning the coal from the west is out of the strip mining being done in the western states.

Dave

[wersqu]

Not again. Yesterday it went to $4.10. Today another dime to $4.20.

[ole dude]

$3.62 in the town closest to me here in Tx. That was yesterday.

[tim43]

$3.79 in Myrtle Beach, SC last night.

[Pete Hanson]

I filled up at $3.89 yesterday here in Massachusetts. It's on the rise along with my heating oil. I'm headed outside to split some more wood.

[NCFischers]

It crept up from $3.79 to $3.89 over the last two weeks and jumped a dime to $3.99 yesterday.

[LuckyNichol]

Madison Wi. $4.20. Up 30 cents in less than a week. What about heating fuel? This is going to get much worse.

[oldelmer1]

quote:Originally posted by tim43

$3.79 in Myrtle Beach, SC last night.


Tim,

We found diesel in Murrells inlet for $3.599 yesterday. the station is at a Lowes grocery store 10 miles away from Ocean Lakes.

[DQDick]

We were at $3.999 here in the middle of Kanas and there's a refinery about a hundred miles south of here!

[Sinterior]

Canada's fuel is taxed to death, yet we are a net exporter of oil.
BC's diesel prices range from $4.75 to $5.60 per US gallon. (as per Gasbuddy)
My home town averages is $5.16

[Bill-N-Donna]

The station near us actually took a small drop recently. Back down to under $4.00/GAL. @ $3.959. I won’t be happy about the price until I start seeing prices around $3.00/GAL or less, then I’ll start getting excited but I won’t be holding my breath!

[Champ_49]

Please don't hold your breath Bill, as its going to be a long time coming, if ever before that price comes down to $3.00 a gal. They have us tuned to around $4.00 a gal. now they will start to push it some more as i have said time and again!! They will start working on a higher price going up and down till they get it there, then continue on. The excuses are so old and unreal they don't use them anymore.

Its $3.79 here in Gulf Shores AL.

[bwney]

Paid $3.54 today at Sam's Club in Lubbock, Texas. Lowest we have seen in a while.

[patbarton]

According to the feds, almost 60% of the cost of diesel fuel is the cost of crude oil; when crude costs go up, diesel costs go up. Crude's pushing $100 per barrel again, so yeah it's getting expensive again! Almost 30% goes to refining, distribution and marketing. Federal, state & local taxes are about 12% of the cost.

Government-mandated ultra-low sulphur diesel fuel, production of heating oil in the winter, and the demand for overseas exports (yeah, we sell off a lot of our diesel fuel) keep the cost of diesel high, especially in the winter as we're seeing now.

Exxon (for example) made about two cents profit per gallon of fuel (gas or diesel) sold in 2010. Compared to that, grocery store profits of 2-3 PERCENT seem pretty excessive, eh? Why are we complaining about Exxon and not Piggly Wiggly?

Sorry, p*ss & moan about the oil companies all you want. But between our "friends" overseas from whom we buy crude oil, and our government that (a) restricts exploration & development of our own oil resources, (b) creates restrictions and regulations that increase the cost of fuel production, and (c) adds 12% to the cost of fuel by taxation, we are pretty well screwed here. Few of us want to find another lifestyle, so we grit our teeth, buy the diesel fuel and spend less at the tables in Vegas... Jim.... :)

[Champ_49]

Yup, thats what the feds say for sure............