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Old 12-08-2014, 11:51 AM   #21
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Originally Posted by Still Kickin View Post
You are correct, we now produce more than saudi arabia, dispite the federal drilling band. What OPEC is doing is continuing to produce at current levels, to drive the barrel price below the cost per barrel to produce here. Already the amount of drilling permits in the US has dropped, thus setting up for less supply, and thus increasing the barrel price at some future point.

Whats even scarrier is the international instability, with less oil revenue going into their oil based economies. I say drill baby drill, and only trade oil with US friendly countries. Just sayin'
That's what I had seen, OPEC is continuing to produce at a high rate to try and slow down or stop US production.


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Old 12-08-2014, 01:28 PM   #22
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Originally Posted by Jolly Cholly View Post
That was my thoughts too, Bill.... but since I had this Good Sam save with diesel prices at Pilot....well, even with a discount... it's still cheaper at Murphy Wall Mart...
I agree but if I am on the road and don't know the area I will use my Pilot Good Sam Card because it is More convent than going looking for slightly cheaper fuel.

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Old 12-08-2014, 01:51 PM   #23
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Originally Posted by MiataHoarder View Post
I had an acquaintance in the upper part of the food chain at Dept of Energy. I asked why diesel cost more at the pump than gasoline since it cost less to produce. Viewed in the context of the last 20 years or so, his answer made sense. Diesel contains roughly 15% more energy (BTUs) than gasoline. Producers decided to price the fuel according to energy content rather than production cost, hence the price difference. Very rational indeed, not to mention the profitability angle. If gas is $3/ gallon, diesel should be around $3.45. This formula can be distorted by ethanol, state taxes and transition to low sulfur distillation which constrained the supply. Most of the time, the 15% differential is pretty close to what you'll see at the pump.

The answer by your acquaintance is Bologna. And he knows it...
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Old 12-08-2014, 01:57 PM   #24
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And then there is the other theory .... Russia's main revenue is oil second only to taxes on vodka. Consider if you will the implications on Russian's military spending when their revenues decline with world oil prices. Maybe Ukraine ain't in the cards just yet. Maybe the whole business is about controlling Russian hegemony?
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Old 12-08-2014, 02:05 PM   #25
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pd 3.249 at Murphy in Panama City Fl Friday-----best price in a loooong time
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Old 12-08-2014, 02:11 PM   #26
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$3.17 @ Sam's Club....cheapest in Jacksonville, NC

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Old 12-08-2014, 07:48 PM   #27
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Saw diesel for less than $3 in Northwest Arkansas today.
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Old 12-08-2014, 08:14 PM   #28
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Just as a side note, I just got a visa from Sam's club and they give a discount of 5% off fuel up to $6000. I also have the Good Sam/pilot card that gives .08/gallon off, but this saves even more.

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Old 12-08-2014, 09:32 PM   #29
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We have diesel for $2.799 just west of Okc about 15 miles on i-40.
There are a few stations in south Okc that have gas for $1.999 & $1.989
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Old 12-09-2014, 09:15 AM   #30
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Price of fuel in Jersey is still coming down. Gas 2.389 desiel 2.959

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