I believe the percentages given reflect how th oil compnies have elected to "crack" the barrel of oil, not what can be gained from the barrel of oil.

 

That's a good one!

Actually...it's to bad that fuel has to cost this much. It was mentioned that it will effect consumer goods...actually it already has. The prices at the grocery store have gone up...and now we get to pay more for that too.

Something has got to give?


biz

 

it was just a thought, nothing more.

 

You have the answer to your question in your own chart. In the winter, diesel production is cut back and home heating oil is the favored product. It's been a cold winter, so demand for heating oil is very high.

Incidently, my home heating oil has gone fron $2.15 a gallon to $3.25 a gallon this winter. At 200+ gallons a pop, that hurts.

 

Don't count on it.


Jan 30th 2007:
Gas Prices Seen Spiking Again in Spring



The government taxes gas which raises the price. Then the government says they have to put in additives which raise the price. Then the government says they can't use certain additives which raise the price.

I think the answer to this problem is more governement.

 

That's correct, and is the traditional reason it's high over the winter months. But it doesn't explain why it's $4/gal this winter. Two reasons for that - first is the weak US dollar, and world prices are set in our own currency. Second, oil is the new real estate which was the new tech stocks. Money that was in the tech sector in the 90's went into real estate in the early 00's. Now that's not attractive so investors are putting money into oil futures. There are many more reasons, but those two are big ones.

Everybody loves to blame OPEC, or "big oil". But in fact OPEC is pumping enough to keep the world well stocked with crude. There is no shortage of crude, so while it's fun to poke GWB in the eye because OPEC won't increase production, they are pumping to meet demand and they don't dictate crude prices. The oil companies don't set the price of crude either.

This will all turn around as the economy slows. Fuel won't be cheap, but it will come down as demand slows.

Let's keep this in perspective. If diesel were $3/gal instead of $4/gal, the difference is about $30/fillup. I spend more than that on a cheap date. I just don't get all the whining. Spend $50k on the best truck the world has ever seen, and bitch-****-moan about an extra $30 to fill it up.

If you think fuel is high now, what do you think it will be with Hillarobama at the stick? They are both just looking for a way to make you use less while paying more for it.

Billl

 

That won't be the only thing that either one of them does either that will cost us more.