Interesting times
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Fleet Mechanic
Joined: Jun 2018
Posts: 1,461
Likes: 536
From: Wasilla, AK
Interesting times
Yesterday I drove to Louisville KY to pick up a motorcycle I purchased. Stopped at a Loves truck stop on I65 for fuel. Gas was $1.11 and diesel was $2.38!!
Lead Driver
Joined: Oct 2014
Posts: 5,938
Likes: 1,355
From: NY/Canada border
Good for the consumer. Not so good for those working in the petroleum industry. Gas is still hovering in the $2.20 area where I live. But that could be due to New York State's ridiculous taxes.
Fleet Mechanic
Joined: Oct 2012
Posts: 1,830
Likes: 253
From: NorCal
last week in Idaho
1.58 unleaded
1.99 diesel
Should be cheaper today. Gas station attendant says its dropping about .04 cents per day ..OMG
Here in Kommie fornia or Kaliforni stan 2.89 unleaded / 2.99 diesel for chevron fuel
1.58 unleaded
1.99 diesel
Should be cheaper today. Gas station attendant says its dropping about .04 cents per day ..OMG
Here in Kommie fornia or Kaliforni stan 2.89 unleaded / 2.99 diesel for chevron fuel
Hotshot
Joined: Oct 2006
Posts: 10,137
Likes: 7,948
From: Texas
With oil futures going negative, shouldn’t they be paying you to put it in your tank?
I retired after 49 years in the patch and have never seen anything like this.
EDIT: North Dakota has over 4600 wells shut in now.
I retired after 49 years in the patch and have never seen anything like this.
EDIT: North Dakota has over 4600 wells shut in now.
Postmaster
Joined: Jan 2019
Posts: 3,422
Likes: 20
I have also seen oil ship through pipelines for free due to an abundance of product but that was only 1 time in my career. (Due to volume shipped, it basically was a heavily reduced price per barrel but it was only discounted because the producer had to get rid of it)
There is an empty house between me and a neighbour that has been on the market a while. I told my neighbour that I was going to buy it, line the walls with garbage bags and fill it with oil if I would get paid $35 bucks a barrel. 😂
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Logistics Pro
Joined: Mar 2019
Posts: 4,064
Likes: 13
Our fuel tax is somewhere around $1.00/ gallon (or more) when you include federal tax. Higher on diesel than it is on gas.
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Tuned
Joined: Feb 2018
Posts: 339
Likes: 25
In my area, the spread is the highest it's been in years. Gas is exactly $1.00/gallon, has been for about a week. Diesel is at $2.23. Before the oil collapse, the spread was 40-50 cents - 2.20 vs. 2.65. The fall of gas price is nothing short of spectacular; diesel - not so much.
Senior User
Joined: Dec 2019
Posts: 310
Likes: 1
Filled up 2 days ago at $1.29 for 87. Diesel is hovering around 2.30.
Hotshot
Joined: Oct 2006
Posts: 10,137
Likes: 7,948
From: Texas
Everybody needs to just save their excess gas/diesel money now, because *WHEN* this bust turns around again, everyone will wish they did.
Then higher the ball goes up, the further it falls, an the further it falls, the higher it bounces up again! So brace yourselves.
PLEASE.......never tell my parents that I worked in the oil fields. They still think I was a piano player in a cat house!
Then higher the ball goes up, the further it falls, an the further it falls, the higher it bounces up again! So brace yourselves.
PLEASE.......never tell my parents that I worked in the oil fields. They still think I was a piano player in a cat house!
Mountain Pass
Joined: Apr 2017
Posts: 159
Likes: 13
I look for it to go up faster than it came down once we get through the pandemic .... at least that's the way it rolls in Idaho where we have a direct pipeline from SLC to Boise but our fuel is typically higher than NV where it's transported by train cars or truck I believe.
Enjoy it while it lasts... then we ll have to suffer the consequences of the Gov t printing Stimulus money.
Enjoy it while it lasts... then we ll have to suffer the consequences of the Gov t printing Stimulus money.
Hotshot
Joined: Oct 2006
Posts: 10,137
Likes: 7,948
From: Texas
There is still cost for transporting, refining, storage, transporting again, brick and mortar gas station, pump maintenance, etc., etc. If they were pumping 87 octane out of the ground then maybe but there is a lot that has to happen between oil pump and the gas pump.
Filled up 2 days ago at $1.29 for 87. Diesel is hovering around 2.30.
Filled up 2 days ago at $1.29 for 87. Diesel is hovering around 2.30.
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