Posted on 01/02/2015 10:59:50 AM PST by DaveMSmith
This was with 90 cents off per gallon or 900 fuel points mind you. I just had to take a picture of that. It cost me 20 bucks to fill my car up from empty with high octane and to top off my truck.
I think here in Toledo, Ohio gas is around 1.71/gal for 87 octane as of 2 days ago.
I must speak with Peter!
We only needed Printing Presses Producing Paper!!!
NW Arkansas
$1.83 to $1.85
It was $1.93 Monday
A lot of the dialog on this thread sounds like a Guy Noir sketch. I don’t care much for Garrison but I will generally give him a nod there. Pete as well.
Have a link since I have absolutely no idea what you speak of?
$1.88/9 in mid-Missou.
Had to look that up. Wonder if Leslie Nielsen used that in “The Naked Gun”?
Simple. Thanks to fracking the U.S. is approaching self-sufficiency in oil. The Saudis are deliberately depressing the world price in an attempt to bankrupt the American fracking industry and eliminate competition.
Possibly the most Prolific Pontification yet!
Pleasant Perfection, Praise!!
It immediately went up a dime per gallon where we are.
$1.77 in Kansas City this morning.
I’ve never seen anywhere near this gap between E10 and ULSD.
It’s nearly $1.50.
I've had a hard time understanding it as well. I can understand some difference, especially considering how heating oil has an effect on diesel prices this time of the year.
I have searched for articles discussing this for some time. I have not found anything of substantial comparison.
The stocks levels explain the pricing.
But I don't understand the cause for the stock level differences.
Click the charts for the data sources. Distillates demand is about steady while gasoline is rising. Production for both are about steady. Net imports seem to be steady...
Just over 6 years ago, I said that we have more oil, gas and coal than any other country in the world. As a matter of fact, we have more natural resources, and if we just started taking advantage of that fact, we’d be the biggest oil, gas and coal exporter in the world. Just think what would happen if we became the world’s largest exporter of these natural resources? We’d be worlds largest lender, instead of being the worlds largest debtor. Truth be told, we have enough of these natural resources to last us 300 years.
Thanks for the info!
If we had ALL the answers we could hire Warren Buffett as our butler, LOL.
The spread between gasoline and diesel has been hard / impossible to explain for several years now. They were once pretty close together. As a member of the oil and gas community I am embarrassed by it since it does not have any real rational explanation. Diesel does have a higher BTU content but that does not explain the difference. With the high supply of near condensate shale oil diesel should be plentiful and relatively cheap. It is very easy to refine. Even the low sulfur does not explain the price difference and the additional tax on diesel does not either.
I see as much as a dollar spread.
I also saw diesel prices range from 3.25 to 2.45 on US 69/75 from Houston to W. Arkansas.
The switch from diesel to ULSD has been a reasonably steady difference in price to gasoline, until the last six months.
The refining into diesel is no longer simple with the EPA ULSD requirements. Even the sweetest crude needs a hydrotreater to make the specs.
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