Weekly Wholesale Gasoline/Diesel Pricing #12

T_Bone · Oct 17, 2008

The (+/-) is the change from the previous week

Gasoline= $1.67 (-$.140)

Diesel= $2.13 (-$.07)

WT Crude= $71 (-$6)

Gold= $788 (-$71)

Current WT crude low bottom $69 made on 10/16/08

World oil is now consistantly lower than USA oil, about $2/bbl (-$1/bbl)

OPEC will cut production by 1 million barrels/day next week, to stablize crude pricing ($70 to $100), anotherwords grab your --- were heading back up.

T_Bone

Anonymous-0 · Oct 17, 2008

Tired of being gouged when buying propane. In 2006, I paid $1.46 per gallon when the whole sale price was $.90. Now I paying $2.20 when the wholesale price is $1.07. Figuring 350 gals that's $196 vs $395 profit for the supplier on every fill.

Anonymous-0 · Oct 17, 2008

On second thought there's no doubt a time lag for prices to drop. I hope.

IaGary · Oct 17, 2008

Yup the retailers bought ahead to save you money this winter as the price usually goes up thru the winter.

Now they have all this high price inventory and can't sell it for a loss.

It is even worse for the fertilizer retailers.

After they work thru this high priced inventory the price will come down ,unless the wholesale end takes off for the sky again.

Gary

tlak · Oct 18, 2008

But no time lag to raise prices.

Anonymous-0 · Oct 18, 2008

Just paid my propane fill and asked what price it was today and she said it dropped 30 cents so would be 1.63 Mine was the old price. sounds like it will drop some more and then start up again.People who contracted it for 2.25 are phoning in mad but can,t help them she said

john in la · Oct 18, 2008

Yes the fertilizer and propane retailers may be getting burned this year but that leaves open the question of Why should I have to pay for their mis-calculation.
Most years they buy when the price is low but charge higher rates when the price goes up.
They do not give me any discount because they bought at a lower price or base the final sale price on what they spent. It's called profit.

So in a year that they did the wrong thing by buying early why should I have to bail them out. It is now called a loss. The price of doing bussiness.

I wonder if you could get the grain elevator to work on these same terms the fertilizer company whats to use??????????

Weekly Wholesale Gasoline/Diesel Pricing #12

T_Bone

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Anonymous-0

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Anonymous-0

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IaGary

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tlak

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Anonymous-0

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john in la

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