should I sell
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Senior User
Joined: Aug 2004
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From: SE Michigan
should I sell
Well I just watched the news and things are going to get uglier over the next couple days. The news already projected that fuel prices will increase up to $0.25 a gallon. Which means they will go up regardless of what the stations paid, or the actual cost of the next few tanks. Just like they always do when this information hits the media. As it is over the past week I have watched the prices jump $0.10 to $0.20 per gallon.
I am starting to think I need to sell the diesel pig and get a little car. The term "pig" I feel fits the truck well. I can not seem to get over 13-13.5 MPG with the thing. With my past diesel history, and knowing what mileage my father in law gets in a 2003 with the 7.3 this is obnoxiously low mileage.
I took the big hit for the diesel option and then the prices invert and diesel fuel started costing more the regular gas. Then to punch me again the truck / pig gets poor mileage.
I still can not figure out why the diesel prices are so freaking high.
I am starting to think I need to sell the diesel pig and get a little car. The term "pig" I feel fits the truck well. I can not seem to get over 13-13.5 MPG with the thing. With my past diesel history, and knowing what mileage my father in law gets in a 2003 with the 7.3 this is obnoxiously low mileage.
I took the big hit for the diesel option and then the prices invert and diesel fuel started costing more the regular gas. Then to punch me again the truck / pig gets poor mileage.
I still can not figure out why the diesel prices are so freaking high.
Senior User
Joined: Jan 2004
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From: RI
I'm keeping mine, at least for now, I did buy a standard s10 4 cyl that I will do my running around with now. I will wait and see what happens with prices before I sell, probably give it 6 months, If prices stay up its going. As prices are now I am already scaling back my traveling plans. I dont believe there is a shortage of fuel, there are no waiting lines anywhere. It was said last year that the oil companies liked getting 4 or 5 dollars a gallon in Europe and they want us to pay the same. Looks like we will be before to long, the prices will never go down. They will keep raising them as long as we keep paying. Well I'm done paying, I'm looking into solar for the house and wind power, will burn all wood next winter for heat. I paid 1.90 for home heating oil thursday, I cant see why so I wont be paying it again. Watch the resale value of these start to suffer as the price of diesel stays above unleaded, you wont be able to give them away. take care, John
Senior User
Joined: Jan 2004
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You guys assume someone will want your diesel when fuel prices exceed $3.00 per gallon. I am keeping mine and driving my car that gets 27 mpg on regular grade gasoline. I usually trade every year or two so Ford is the loser here - at the rate I am driving my 05 it will last 65 years and that would make me the oldest living human ever known!
Elder User
Joined: May 2003
Posts: 833
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From: NW Montana
That may be the case but would you drive it in 10 years when diesel is 9 bucks a gallon? The thought that I had on getting a V10 was that at least I can convert to propane or cng. I don't know if you can convert a diesel to anything other than what it is.
Senior User
Joined: Jan 2004
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The really sad thing is that it doesn't matter if I refrain from driving my diesel because our economy will suffer major negative impact anyway from high diesel prices because about every thing you eat, wear or sit on gets to you through conveyances that use diesel fuel. This is our reward for saving the lunch of some major oil producing countries and non-regulation of domestic oil company practices. In this great country, the people have little power to do a darn thing about this situation - sad!
Senior User
Joined: Nov 2003
Posts: 168
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From: Washington
How high can it really go? Like stated above everything consumed is brought to us by a diesel burning rig!
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Senior User
Joined: Jan 2004
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From: RI
Its gone up 1.00 or more a gallon this past year and nobody has protested to much. They will keep raising prices as long as we keep paying. The people that own the oil companies dont care what it costs us as long as they make maximum profit. I dont think fuel prices are driven by supply and demand any more.Take care, John
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Senior User
Joined: May 2004
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In the past we've been living the good life as far as petroleum prices go. They kept our goods and services prices lower but as more manufacturing jobs move out of country the picture changes.
On the other hand I went by a soft drink machine the other day and noticed that a pint of bottled water was $1. That's $8 a gallon and I don't hear too many people complaining about that? Granted we don't have to buy that water and we do have to drive to get to work or do our job but I wonder how much money Coke makes on that pint?
On the other hand I went by a soft drink machine the other day and noticed that a pint of bottled water was $1. That's $8 a gallon and I don't hear too many people complaining about that? Granted we don't have to buy that water and we do have to drive to get to work or do our job but I wonder how much money Coke makes on that pint?
Senior User
Joined: Apr 2003
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OK lets look at this without any emotion. I drive 35,000 miles (on average) yearly and my first year owning the X I drove 35,374 miles and used 1911.2 gallons of fuel. If the fuel goes up $.25 per gallon it will cost me an additional $477 per year or $9.18 per week. If I order salad for lunch one extra day each week the cost will be a wash.
RoyC
RoyC
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Joined: Aug 2003
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From: Northeast Washington
I've heard the reason Diesel prices are so high is partly due to the cold winter in the east and Diesel competes with fuel oil at the refineries. Things should get better as spring arrives.
Most of our imported oil comes from Canada, Mexico and Venezuala with only 15% coming from the middle east.
A potential problem comes with Venezuala which has elected a Marxist president who has warned us to make nice with him or he'll not sell us oil. I hope he's not that dumb since he stands to lose more than he could gain.
The good news is that Iraq has the second largest oil reserves in the world and when
things settle down there oil production should help ease prices.
The bad news is that China is starting to become a much bigger consumer of oil.
If you account for inflation, oil prices as a percentage of the average income is still a
good buy, we just have to drive smarter. Just my two cents.
Most of our imported oil comes from Canada, Mexico and Venezuala with only 15% coming from the middle east.
A potential problem comes with Venezuala which has elected a Marxist president who has warned us to make nice with him or he'll not sell us oil. I hope he's not that dumb since he stands to lose more than he could gain.
The good news is that Iraq has the second largest oil reserves in the world and when
things settle down there oil production should help ease prices.
The bad news is that China is starting to become a much bigger consumer of oil.
If you account for inflation, oil prices as a percentage of the average income is still a
good buy, we just have to drive smarter. Just my two cents.
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