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$3.79/gal. Diesel

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Well-known Member
Woo Hoo! I'll take it! But I know that as the economy improves it will go back up. Or, It will drop to $.99/gal. next year when the economy drops off a cliff if Congress doesn't pass needed legislation before the end of this year.
 
The real needed legislation is to repeal about 90% of the regulations preventing drilling and producing our own oil and gas. The USA and Canada are on the cusp of energy independence, LNG technology has advanced to the point it is a safe and viable solution for vehicle fuel including 18 wheelers and freight trains. Fueling up your vehicle for less than $1.00 per gallon is not only possible it is long overdue and will be a reality if and when the government allows free enterprise to work.
 
LAA, the price of oil is determined globally. The suppliers will sell it overseas if the price is better. It is an open market like corn and bean prices.

Gas will NEVER be $1.00 per gallon again.
 
After nearly 40 years in the business I am well aware of how oil is traded, but I did not mention ''gas'' as in refined from oil, I mentioned ''fuel'' and I was talking about LNG. On the same subject, whether we ever see $1.00 per gallon refined gasoline again depends on how it is taxed, we will see $20.00 per barrel oil again so $1.00 gasoline will be possible if the tax is not too high, just like we will see $2.50 corn and $4.00 beans again. If you think what goes up never comes down you have not studied the commodity markets very long.
 
I filled up with farm diesel for $3499 yesterday. Skipped the $.40
per gallon road tax that you guys are probably referring to. Was for
my farm.

Mark
 
Well, we're just "spoilt". Here in the Texas you bash all the time, we
grew our own and didn't have a state sales tax for years with a
balanced budget. Still have no income tax.

Guess we are coming in line with the rest of the world "beins"
everything is a world market these days.

Mark
 
I paid 3.77 yesteray. The same station had gas for 3.46. The other two stations nearby were 3.78 and 3.79. Oddly there was nobody there.
 
Its $3.49 in Hutchins, Tx. Real shame when you think $3.49/gal is a good price. That's why they run it up, so when it comes down a little you think that's a good price. (cynicism intended)
 
When labor was $1.00 per hour, you bought gas for 25 cents a gallon - four gallons for an hours labor. How many gallons do you buy today for an hours labor? Still about four gallons.
 
$1.00 per gallon will NEVER happen, the politicians will never allow it. We have $3.78 per gallon gas vs $1.00 gallon gas. They would be giving up 75% of their tax money.Makes you sick.....
 
$4.17 for road diesel in western Washington- same as unleaded gas. Down from a high of about 4 and a half.
 
Well, let me ask you folks a question regarding diesel. I was always told that diesel was part of the process of refining oil to make gasoline, so should always be cheaper that gas because of that. Evidently that is not correct?
 
You could almost say that all refined products are by products of one another because to get any specific product you will have to seperate the other products. Crude oil is made up of many different hydro carbons that have to be separated into various products, a very simplified explanation would be that refining is basically distillation and yes, the naptha and gasoline distill off at lower temperatures than what constitutes diesel, from that standpoint gasoline is actually cheaper to produce.
 
(quoted from post at 11:43:50 06/06/12) Well, let me ask you folks a question regarding diesel. I was always told that diesel was part of the process of refining oil to make gasoline, so should always be cheaper that gas because of that. Evidently that is not correct?
Click to expand...

Except, in theory, when diesel demand exceeds supply.

Of course we all know that fuel prices have almost nothing to do with supply and demand, and as such you cannot apply logic or rational thought to why the prices of fuel do what they do.
 
Depends on the refinery equipment and crude oil
stocks.
Yield from primary distillation of light sweet
crude is much different than bituminous tar sand
crude.
Today's ULSD diesel is expensive to manufacture
compared to years ago when diesel was a left over
product from gasoline production.
 
Fuel is taxed per gallon of volume, not the selling price, so Fed and State tax is a constant.
 
Nancy, we aren't that far apart in distance; about 75 mi NE as the crow flies. Thing I find interesting is that the price of whole milk at the grocery tracks the price of gasoline. Gas is running about $3.50 and so is milk just like it did at 50 cents and $1 a gallon. Correlation? Dunno.

Mark
 
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