Diesel fuel prices

[CSMRetired]

Originally Posted by Still Kickin

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.

[WILDEBILL308]

Originally Posted by Jolly Cholly

That was my thoughts too, Bill.... but since I had this Good Sam Card....to 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.
Bill

[Brother Les]

Originally Posted by MiataHoarder

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...

[MiataHoarder]

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?

[47chevy]

pd 3.249 at Murphy in Panama City Fl Friday-----best price in a loooong time

[DreiHunde]

$3.17 @ Sam's Club....cheapest in Jacksonville, NC

[mackman1994]

Saw diesel for less than $3 in Northwest Arkansas today.

[gasman94]

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.

Rich

[MillerTime]

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

[jrlebaron]

Price of fuel in Jersey is still coming down. Gas 2.389 desiel 2.959

[MillerTime]

Originally Posted by MillerTime

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

Well, this morning it dropped to $2.70 for diesel

[dustman_stx]

Does this mean we have to go back through all of those lovely gas vs. diesel threads and recalculate the TCO for each????

[MillerTime]

Originally Posted by dustman_stx

Does this mean we have to go back through all of those lovely gas vs. diesel threads and recalculate the TCO for each????

Im thinkin' no.
If people don't know all that crap by now, they never will.

[dustman_stx]

Originally Posted by MillerTime

Im thinkin' no.
If people don't know all that crap by now, they never will.

I don't know. I'm thinking that we could come to a completely inconclusive disagreement on that debate with only 120 pages of posts.

[gasman94]

Man, it's still $3.75 plus here!


Rich

[Still Kickin]

Guys, keep in mind of the tax structure by individual state. Diesel is taxed sometimes by as much as $.39 cents per gallon, lowest to highest. Diesel Fuel Taxes - Compare Taxes On Diesel Fuel In All 50 States Then there is the sales tax multiplied on top of that(for those states with ST) increases by another 8-9%.

Also, whats around the corner is complaints by those states with ST, that the tax revenue has decreased, due to lower tax collected at the pump. The general rule is this; the government burn rate is fixed, plus an allowed yearly tax increase for whatever excuse is given at the time. When taxes collected on fuel greatly decrease, as is the case here, "they" will get their pound of flesh from somewhere else. Or, reduce spending, yeah right! Buckle your seat belts everyone.

[Brother Les]

We have not seen the floor to fuel prices yet.....

[themounties]

Wow 1 of our stations finally dropped their diesel to 3.69 nobody else followed there still at 3.79 I'm holding out to fill up

[asquared]

$3.24 at sheetz in mebane NC today..... use your sheetz card and it drops to $3.21

[Witch Doctor]

$3.09 at Sheetz in South Boston VA. Monday, Gas was 2.29. In my 1 stop light Town it's 3.49 and 2.49 for gas. We have a EXXON gas station only no competition. But as of yesterday Sheetz is going to be building a new station across from the State Park across the street from them on high way #58 so they will get some competition. SB is east of Clarksville about 27 miles. We are always higher then SB by about 30 cents. But being a tourist town and being the only gas station in town they pretty much charge what they want. In the summer they make a killing with all the boats and CG's around the lake.