Diesel prices
Elder User
Joined: May 2002
Posts: 858
Likes: 0
From: Robbinsville NJ
Any excuse to raise prices and they do. We don't have enough oil raise the price. We have more oil then we can refine, let's raise the price.
Government needs to step in with some price control.
Government needs to step in with some price control.
FTE Leadership Emeritus
Joined: Sep 2000
Posts: 23,174
Likes: 1,678
From: Stephensville WI
Originally Posted by rchouser
Diesel takes less refining. Diesel is less volatile. Why does it cost more at the pumps if not due to manipulation? Do you think the 10% ethanol is reducing it?
From what I understand, I am paying close to the highest price in the country for fuel
here in the Green Bay area. Yesterday 87 octane was $3.04, diesel was $3.05.
Hotshot
Joined: Aug 2006
Posts: 17,398
Likes: 317
From: Whittier, CA
Diesel is still $3.29 near my home. Hasn't really budged in the last couple of months, while gas has dropped from $3.40 down to $2.97 at the same station.
I think diesel is less volatile (speaking prices here) because the large truck fleet usage is more stable and predictable. Gas usage goes up-down-sideways depending on vacation/travel season, or what day of the week a holiday falls on.
California takes it in the shorts at the station but I figure it's our own fault. We've got huge oil reserves right off our coast, close and easy to extract, but the greenies won't let it happen. Can't build a refinery either. Don't know why I put up with this crap.
Bill
I think diesel is less volatile (speaking prices here) because the large truck fleet usage is more stable and predictable. Gas usage goes up-down-sideways depending on vacation/travel season, or what day of the week a holiday falls on.
California takes it in the shorts at the station but I figure it's our own fault. We've got huge oil reserves right off our coast, close and easy to extract, but the greenies won't let it happen. Can't build a refinery either. Don't know why I put up with this crap.
Bill
Elder User
Joined: May 2007
Posts: 514
Likes: 0
From: Northern Colorado
Redford is correct - it is simply economics. Yes, it is easier to refine diesel as it is earlier in the refining process than gasoline. However, due to refining capacity in the USA, when demand for gasoline increases, more oil is refined further to meet that demand, which means less oil left to skim off for diesel. This creates more demand for the diesel which increases price. They do not cut back on refining here, as a matter of fact, they are usually running at or near full capacity. It has even become more cost effective to import refined fuel, as opposed to crude. I think, aside from the big differences between states due to the varying state taxes, the biggest impact we've seen on the diesel market is increased demand due to increased diesel vehicle sales - they are much more popular now than back in '88 when I owned my first one.
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Senior User
Joined: Feb 2007
Posts: 201
Likes: 0
From: Royse City, TX
Diesel in Copperas Cove is 2.79 at the Exxon and 2.83 at Chevron. 5 miles down the road in Kempner it's 2.95 at the Shell. Gas is uaually about a nickel more a gallon. On Fort Hood, where soldiers are supposed to get a little better deal from AAFES, diesel is 2.83.
Elder User
Joined: Oct 2003
Posts: 640
Likes: 0
Originally Posted by rmilchman
Any excuse to raise prices and they do. We don't have enough oil raise the price. We have more oil then we can refine, let's raise the price.
Government needs to step in with some price control.
Government needs to step in with some price control.
If government starts messing with priice controls here, they will just sell to Japan who will pay the price. Then gas here will be 10 bucks a gallon, if you can find any.
It is a globel mlarket.
Frank