The gas folks are grumbling now! $4.10 today for reg. gas
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red 04 F250 build date 04/04 6.0 PSD ,auto,cc, xlt ,sb, moon roof, 4X4, off road pkg, sports pkg., tow pkg,camper pkg,FX4, electric shift on fly
93 f350 7.3 , 5 speed manual, ext cab, long box 240K+ miles
1967 C700 farm truck
30 ft travel trailer
Vietnam Vet/ OS1 USN/USNR retired 26 years
B5 soydiesel user
Sirius radio
On Last Night's New's here in California ,They said Diesel and Premium would get to $6.00 by end of summer, And a Range up to $10.00.
Yesterday with my own eye's saw $5.00 per gallon on a sign for full serve.
At the Colo River in AZ, I heard it's over $8.50 per gal to gas up your boat at the dock.
I think $10.00 is the breaking point, And a lot of Sh** will change.
I have to be honest I have tried to sell my truck but there is no market right now. Ok so I tried to trade it in for a small vehicle (would tow my construction trailers with old 94 chevy) but would have to take a $13,000 loss on the current loan. Hard to do that.
It's just not the cost of fuel but everything else is also going up, except the pay. We have almost everything shipped and it's getting pretty expensive. The other issue is we only have propane and diesel for heating choices. We heat year round so it's going to be scarry this winter. I forsee a lot of firewood this winter.
For the communities that are not on the road system up here they are paying in the $8-$10 for fuel.
__________________ Mike B
Valdez - Alaska & Chugach Mtns: Some of the Greatest Snowmaching Riding Around!
The other day I typed in gas prices . Opened about 5-7 of the links and per roved through them all. I found this article real interesting reporting. The next day or so our local paper ran a full page article on the subject. In that paper only about 5 or so lines mentioned the trading issue. I loath Gov over site my self as many here have mentioned as well, but. The loss of trading over site in the commodities market regarding oil & gas in the U.S. according to this report, has caused , and will continue to cause ever increasing cost. Speculation in such markets = the tail waging the dog. This scenario is stoppable with carefully placed restrictions(Gov.). As the article shows, such restrictions where in place until a short time after our involvement in operation in Iraq. ? The writer is very careful not to point fingers and only mentions the Gov. over site group CFTC, but Policy makers have yet to act or so far as I know, even mentioned the lack of over site.
I typed in again today to find the link, to post it here, but the address on the bottom of my printed page didn't google. So I typed in
" Perhaps 60 percent of today's oil price is pure speculation "
Then up came, no less than ten links to sites featuring this article By-
F. William Engdahl , This fella did some work. Now its our turn. We cannot sit Idle or, We will be paying 8+ $ a gallon, as in the U.K. and other places effected by this set of trading practices. Has anyone here traded commodities? I haven't, but I've have heard about the volatility of the practice.
Perhaps, some one in a high ranking government position or two has interest there hu?
MY 2 Cents , Best wishes
I originally posted on 03-03-2008, 03:34 PM, with a price of $3.99, now its June 1st and I see $5.00. 2 months, now thats hard to believe! And no reason why diesel is more than gas!!
Low sulfer fule was mandated way befor this thread was started and even befor the insane compleetly unjustifyed rise in the price of fule. It only went a a litle whan low sulpher came out then more recently it sky rocketed in the 6 months I've owned my truck the price has gone up over 200%
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94 F350 Crew Cab Long bed 4X4 7.3L IDI Factory Turbo, AKA The Land Yacht. E4OD, 4.10 posi. Getting further from stock with 35 inch BFG alterains on 16 inch micky's, straight pipe, Triple A-piller pod with pyro, boost, modifyed stock oil presure gauge, tc lock light&switch
Where are all the green zelots now? You are getting what you want, the market has to align itself for bio (a good thing) and ethanol (worst idea since the corvair) to compete head to head against hydrocarbon fuels. You didn't think that the traders were going to not have a choice on what to make money on, did you?
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My name is Ryan and I work for BIG OIL, which allows me to comfortably afford.........................
Low sulfer fule was mandated way befor this thread was started and even befor the insane compleetly unjustifyed rise in the price of fule. It only went a a litle whan low sulpher came out then more recently it sky rocketed in the 6 months I've owned my truck the price has gone up over 200%
Well your only half right, yep is was mandated before this thread started, however the first refinery turnarounds have just occurred this spring. Probably just a coincidence though.
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My name is Ryan and I work for BIG OIL, which allows me to comfortably afford.........................
OK...here is the real reason all fuels are going up. In that diesel is a little higher than regular unleaded is another matter...we can discuss that later if you want.
Inflation is the reason. Not the inflation number you hear that is watered down on the news...but real core inflation.
Inflation is the difference in the production in currency (flooding the market with more dollars) versus the goods and services available in the economy. If the FED prints billions of dollars and the goods and services do not increase...then we all pay more dollars for the same goods and services.
That is inflation and the reason fuel costs more. Your dollars are worth less so they buy less.
People around the world do not want US dollars so they charge more for their goods (oil).
Here is an example. In the ancient Roman times when Rome ruled the world (or what little they knew of it) an ounce of gold bought a man a very high quality suit (toga) leather belt and shoes. Today an ounce of gold will buy a man a very high quality suit, leather belt and shoes. The value is the same. Back in ancient Rome there were no US dollars...but today an ounce of gold goes for about $881.
The value of gold does not change...what you have to exchange for it is the thing that changes...you can go back and calculate gold prices back 50 years...an ounce of gold would have bought approximately the same number of diesel gallons through out...no matter its worth in US Dollars.
If the rise in the cost of fule was due only to inflation then the profit wouldn't go up yet quarter after quarter the oil companies are reporting record profits. The fact that the US doller is quickly catching up to the peso does play a roll in the price of fule as well as other imported goods.
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94 F350 Crew Cab Long bed 4X4 7.3L IDI Factory Turbo, AKA The Land Yacht. E4OD, 4.10 posi. Getting further from stock with 35 inch BFG alterains on 16 inch micky's, straight pipe, Triple A-piller pod with pyro, boost, modifyed stock oil presure gauge, tc lock light&switch
The record in the profits being reported are not the percentage of profits but the amount.
If the price goes up and the percentage of profits stays the same...it is not the oil companies fault.
Let's say you are selling ping pog balls...and the price of the ping pong balls to you increases...you raise prices to make sure you have a profit so you can grow your ping pong ball business.
No question you have more dollars (price increase) but you still only made 10% profit....you had record profits measured in dollars but not record profits measured in percentages.
Wal-mart profited 4 billion dollars last fiscal quarter (16 billion dollar annual average)...the precentage did not change but the dollars went up. Nobody complained about Wal-Mart...
In fact as a shareholder (this being shareholders week) I enjoyed a free Journey concert last evening. Excellent to make profits.
The record in the profits being reported are not the percentage of profits but the amount.
If the price goes up and the percentage of profits stays the same...it is not the oil companies fault. snip snip.
The price goes up cause your willing to pay it... no other reason. Bottom lines are messaged period. Earnings per share is likewise messaged bigtime ... what is Gap? Stockholders see only nominal yield and they've been convinced that all stocks are 'growth stocks'. Top execs steal huge paychecks thanks to tax reform act of 1986, most of you here are to dam young or otherwise to know its impact!
Thursday diesel prices dropped 2o cents at several places in the area (96001 land) to $4.99 . I found one this morning at $4.69 and obviously I topped up!
