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Old 11-20-2012, 06:17 PM   #41
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Ahhh ..The Almighty $$$
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Old 11-20-2012, 07:07 PM   #42
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I'm glad I don't pay for fuel! Lol
Suckered my boss into keeping my tank full after I quit 5 years ago
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Old 11-20-2012, 08:23 PM   #43
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who is your boss and is he/she looking for new help?
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Old 11-20-2012, 08:31 PM   #44
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It is nice writing fuel off on taxes. Just need to pick one part up or have 1 "client" meeting on each trip!! Lol - we wrote a few thousand off last year but that was mostly for the semi and tractors.
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Old 11-20-2012, 08:37 PM   #45
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wonder how much longer that will last? i have a freind who uses his rv for a "mobile office". keeps a ledger and a calculator in there as proof since it also qualifys as a second home, he doesnt make out too badly.
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Old 11-20-2012, 08:48 PM   #46
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Yeah, I wont really use my rv pulling fuel recieps if I can figure out which ones they are. But it would be hard to prove otherwise. My tax guy said you could use intrest as a "second home".
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Old 11-20-2012, 08:52 PM   #47
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who is your boss and is he/she looking for new help?
lol I know right !
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Old 11-20-2012, 08:54 PM   #48
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i write my interest off every year. wonder if i could claim my truck as a mobile office mover and deduct that interest as well?????? hmmmmmmmmm
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Old 11-20-2012, 08:59 PM   #49
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i write my interest off every year. wonder if i could claim my truck as a mobile office mover and deduct that interest as well?????? hmmmmmmmmm
with the right lier ahem I mean tax man you could !
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Old 11-21-2012, 10:28 AM   #50
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...around here we have a large refinery, shell oil, and they just sunk a stink pot full of money expanding it. we have a few smaller ones, valero and clark oil. amoco here just tore down in the last couple years about 50 to 100 tanks. don't know the reasoning behind it especially since there hasnt been a refinery built in the us since the early/mid 70's. perhaps to keep prices up with no supply but an increased or steady demand?...
New EPA regs have been coming online and number of refineries are being torn down because they cannot meet them and stay profitable. If I understood it better, I could explain it better, but the guys and gals who work this have MSs and PHDs.

One of the things is stack emmissions (there are others too). The old federal theory use to be the bubble (if memory serves) which meant all the stacks in refinery were treated as one stack. You were certified for a certain amount of emmissions from the entire refinery.

Now each stack is licensed. Worse still it is very important to keep that stack operating or you will lose your license to emit.

Many of refiners are probably operating newer units elsewhere that can meet demands by adding capacity. That is likely easier and cheaper than getting a new license for an old plant that is going to need a potfull of money to put it into production.

Another factor are the new taxes coming online and that makes it harder to recover investment dollars.

A concept not many people have is the financial structure of Big Oil Companies. Outsiders see a Big Oil Company as a single bucket. They don't realize that they are looking at multiple buckets instead of just one.

Trying to keep it simple, there are two main buckets, upstream and downstream. "Upstream," are the groups that get the oil out of ground. "Downstream," are the groups that refine and get the oil products to market.

Upstream is financed differently or rather from a different bucket than downstream. Big Oil uses downstream kind of like a ATM for upstream projects. Upstream is both expensive and risky. Risk is spread across investors and if I recall, downstream fills in some of vacuum left over.

While you might think when Big Oil upstream has to dump its bucket somewhere, it would always be dumping that into Big Oil downstream. Truth is it really does, however, Big Oil downstream has to pay pretty much what Big Oil upstream could get for its product on the open market.

That may seem a little odd, but that is so all the investors (and stockholders) in Big Oil upstream drilling and projects (production) get their money back plus profit. Downstream has to make its profits on what it can sell its "manufactured" products to the end user for.

Downstream has another job to do for upstream. Upstream also goes through what I like to call "Feast or Famine." When oil prices are high they make big bucks, when they are low they are in the bread lines. These cycles can last for years. In the down years, downstream keeps enough capital flowing into upstream to keep it alive until market conditions change.

Its important to know how these things work. All companies, including Big Oil companies, pass on increased operating costs as much as possible. You as the end user what that playing field as level as possible and as competitive as possible.
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Old 12-10-2012, 11:47 AM   #51
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And today... on Good Morning America..It was reported that Gas prices should continue to fall to as low as $3 per gallon soon...Thats great !! but what about diesel dropping some also ??
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Old 12-10-2012, 03:28 PM   #52
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Our F'n state governor bumped the diesel road tax another .05/gal last summer. We pay .80/gal in road taxes now and price at the pump averages $4.29/gal. It's BS! It's killing the private contractors.
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Old 12-10-2012, 03:43 PM   #53
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Fortunately, I enjoy driving my diesel truck so much I honestly don't sweat the prices at the pump ($4/gal) here.

Now when I had a gasser, I always complained about gas prices THOUGH I pay more for diesel fuel now, think the constant sound of my turbo spooling up has numbed my fuel price senses!

On a serious note, I can still buy food off the $1 menu at McD's as when it first was advertised over 10 yrs ago but can't buy my fuel at prices from the same era...go figure ;(



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Old 12-10-2012, 04:11 PM   #54
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Our F'n state governor bumped the diesel road tax another .05/gal last summer. We pay .80/gal in road taxes now and price at the pump averages $4.29/gal. It's BS! It's killing the private contractors.
Its hurting ALL of us. Higher prices at the supermarkets..and airfare...and ..shipping costs in general.. just cant see why... if gasoline prices go down ..should diesel prices stay where it was 6 months ago ??
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Old 12-10-2012, 05:03 PM   #55
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I am sure it has a lot to do with the refining process and available tank storage space.

This time of year the equipment used to refine diesel is busy making home heating oil. (very similar to #2 diesel and uses much of the same equipment)

Additionally, home heating oil does not need the follow on processing to remove sulfur like ULS Diesel does. That process is very expensive in equipment time and has bumped the price of diesel forever.

Gasoline Blends (I remember reading there are 55 different federal or state mandated blends of gasoline - Are there really 55 different blends of gasoline required in the US? - Democratic Underground ) also complicate the issue and result in large variations of price across the country as blend levels and demand on those blends fluctuate during the year.

For example filling your storage tanks with summer blend and guessing wrong on demand results in not enough storage for the winter blends and a resultant shortage later in the winter if demand stresses the available supply.

No expert; just what I think might explain it.
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Old 12-10-2012, 07:03 PM   #56
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AAhh..ok.. thanks Herk7769
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Old 12-10-2012, 07:13 PM   #57
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Coming home from work today, got gas in my car for $2.869, and east of OKC on I-40 I saw diesel @ $3.589 gal. And if course I just got diesel for like $3.84 a few days ago.
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Old 12-10-2012, 08:08 PM   #58
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Coming home from work today, got gas in my car for $2.869, and east of OKC on I-40 I saw diesel @ $3.589 gal. And if course I just got diesel for like $3.84 a few days ago.
4.69 for diesel just down the street
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Old 12-10-2012, 08:14 PM   #59
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3.88 in eastern Iowa today

3.77 lowest I seen on gas buddy app near me.
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Old 12-10-2012, 08:15 PM   #60
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Wow! I haven't payed anything like that since right before the oil bust of '08. Then it was about $5, But we are right in the middle of oil and nat. gas country.
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