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OT Fuel Prices

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Allen Goodman

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Filled my F250 yesterday morning at $3.39 ($3.42) with a .03 discount at Safeway. In the afternoon, went by and the price was $3.55. Last night, after my Fireworks committee meeting, drove by the station and it was $3.65. Can't believe a 23 cent jump in less than 8 hours.
 
I know there are worst places. Lived in Europe for 23 years. Was use to paying their prices. It'll get worst before in gets better. The enviro-wachos/nnalert want us to pay like the Europeons. The majority of cost for fuel there & Canada is the taxes to support the social programs.
 
yeah,they sure do suck it to us again.
Plenty fuel,raise the prices.
plenty food,drop the price.
Oh,the power of monopoly.
 
On the news last night, the comment was that the oil companies are pushing for $5.00 gas by labor day. I wasn't paying much attention until the price was mentioned, but we might as well get ready to pay (and keep paying) high fuel prices. It's a global thing today and OPEC has a lot to do with the global prices. It still boils down to supply and demand.
 
Looks like a fairer system to pay for health care. Everybody in the country would be in the same system and, no VA, and any tourist would get to throw in the pot too.
 
Are you a pyrotechnic? I have been shooting since 1977. Did two shows last July.
 
Paid $3.03 pre tax off the truck Thursday to have the overhead filled. Add another 17 federal and 19 state tax to that I believe. Cost me $877 for 257 gallons,that's all I know. When it comes right down to it though,I gathered up all of the slips and sent them in today for State Gas Tax Refund,and that was for the most part,within $100 of most all the slips over the past year.
 
Yea well,I'm just not looking forward to filling the 1000 gallon diesel tank. From the frost line on it when it warmed up the other day,I'd say there's about 200 in there yet. That'll get the manure out and the oats planted. I just hope things settle down before corn planting.
Gonna take several fat steers to fill that one at these prices.
 
We can believe what we wish, as in all government and political topics, but the crap going on in the Middle East is simply another excuse for oil companies to sock it to us. It is really un American.
Their modus operandi is to jack the price at ANY opportunity for any reason. They have no desire to sell the product at resonable prices to make a real good living. They would rather sink America back in to a depression.
If we can ID anyone who ownes these companies, I say our prices to them go out the roof. If they complain, oh well. Blame it on "OPEC". LOL
 
Thats about right.Diesel is higher.One son pumps gas at a local station.He has heard 1.50 per litre whispered around the office if things don't settle down.Also when converting gas prices remember Canadian dollars were worth about $1.02.5US at Fridays close.
 
So we start a war to plant the seeds of democracy in the middle east,then when those seeds take root and the whole middle east is damanding democracy,we cry like spoiled school girls over the unintended consequences. Is that an acurate picture of what's going on?
 
We can believe what we wish, as in all government and political topics, but the crap going on in the Middle East is simply another excuse for oil companies to sock it to us.

Sorry, I don't buy that. Blame the commodity trading speculators, not the oil companies although they share some blame.
 
Just to play devils advocate here,not to attack your logic,but how do the oil companies share any of the blame? That's like blaming me for the high price of beef.
That's like the statement that Clinton made the other day. He said he suported alternative energy,but farmers shouldn't get greedy and turn too much corn in to ethanol. We're causing food riots around the world by doing that acording to him don't'cha know!
 
What is really nice is that the gas station is able to advance the price on the same fuel in their tank. It's not like they have to wait for the next tanker delivery before raising the price.
 
Filled most stuff up a couple days ago at 2.99 gas KY, now it's 3.29 which doesn't seem bad compared. Hope it's done. No reason for it.
 
Couple times lately, have driven by Murphy in Wally world parking lot, saw diesel price, go into to store to get 3 cent/gallon discount card, go to get fuel, find fuel price has increased 3-5 cents per gallon in less than a half hour. IIRC, last night it was $3.78/gal.
 
You don't have much say in the price of your beef, but you don't think that everything to do with fuel prices are manipulated by the oil company billionaires to deregulation, putting it on the commodities, what the news says, etc.
 
Sorry tlak. I don't have time to try to explain how the commodity markets work to somebody with a brain the size of a lemon drop.
Gotta go raise the price of beef. I've got fat cattle ready to go Monday!
 
Oh yes there is! Oil company greed acording to conspiricy theory wack jobs like you!
Why would they stop now? They've got us on the ropes in the battle to.....win........whatever it is they're trying to win.....I guess?
 
It would be nice to see one of your shows sometime Bob. I fire of a few bottle rockets, but that about all. We sit on our porch and watch the show at Hartford City (about 6 miles as the crow flies)and what ever the neighbors set off.
 
Now if you look at that pdf file I posted it will tell you why oil is not on supply and demand any more as well as why and who did it.
 
Same point lemon drop, all you can do with your cattle is feed them bigger and wait for the market to hit a high and sell, the rich of the world make the market do what they want then sell. There are enough stories out there without too much of a search.
 
I've known you on here to know better than even TRY to have an intelligent conversation,but WHAT DO YOU THINK THE COMMODITY FUTURES MARKET IS FOR?!
Are you honest to God,right hand on the Bible going to tell me you believe that an oil company,that needs oil to refine,shouldn't be allowed to BUY it on the open commodity futures market so they know they have a certain amount of oil at a certain price to refine a month from now? Two months from now? Six months from now?
Do you believe Kellogg? Post? General Mills? Should NOT be allowed to buy GRAIN on the commodity futures market so they can guarantee production at a given price next month? Six months from now?
With all the information and educational opportunities that are available,why do you INSIST on making an absolute FOOL of yourself in the name of your brain dead political leaders?
You're TOTALLY hopeless.
Here's an idea. There's been an 11 year old kid over on Tales for a few days now. Why don't you go on over and talk to him. Warning though. Don't get into a conversation like this with him. He'd kick your brainless @ ss.
 
Commodity speculators make the prices more volatile, but in the end the prices end up where supply and demand put them.

But Sen. Dodd and Rep. Frank <a href="http://www.cftc.gov/LawRegulation/DoddFrankAct/index.htm">passed a bill</a> that will fix all of the evil that Clinton signed into law back in 1998 and 2000 which caused the speculation bubbles and banking bust, didn't they?
 
Same point again lemon drop. you're reading too much into it. You don't think that somebody doesn't have inside info or moves a billion in to sway something then bail.
 
I don't think Iraq has as much to do with the turmoil in the Middle East as the price of food. The people in Tunisia, Egypt, and Libya couldn't take it any more, all of their countries' wealth was being siphoned off to support the families and friends of the dictators.

Seems to happen about once a generation where the governments are totally corrupt. How many have we seen go down in Africa, Asia, and Latin America in our lifetime?
 
Not as much woried about the price of fuel as I am the loss of our freedom. With the toppling of governments in the middle east our big worry is the new governments may be worse than the ones they replaced.
For those not old enough to remember, before Castro came to power in Cuba, he was in the US courting the politicians and religous leaders promising CHANGE in Cuba. Well, change came but change was far worse than the goverment they had at the time.
The strongest political group in the middle east is the nnalert brotherhood. They are also are the most radical of political groups in the area. Their aim is to control the earth and they will be able to do so if they come to power and control the worlds energy supply.
Once we lose our freedom it will be gone forever. Joe
 
How is it that these commodities are tied to supply and demand?They aren't! By saying they are more volatile because of speculators,just why is that? Its because speculators got a law passed where they can cal a paper stock a real stock.They bought up over a billion barrels of paper oil and then claimed there is a shortage.Nothing has changed and here we go again.
They need to put the law back like it was.
 
Whoa,we have been meddling in these countries for years and the people are tired of it.
Actually this stuff all started by us supporting Israel back years ago.The people running Israel are different now as well as the people in the USA.
If you have to worry about something,worry about Israel having nuclear weapons aimed all around over there and kicking off WW3.They get crazier every day and they even have people in our government.Its not so much the nnalert brotherhood that you need to worry about as it is Israel and their crooked bankers there and in our country who are causing this to happen because the people cant afford to eat in those countries.

Worrying is one thing,worry about what is actually going on if you want to worry.You may actually be able to do something about whats going on over there by refusing to support these crooked politicians who are bought by these crooked bankers.
 
Didn't know you posted again there Sunkist. I was listening to The News From Lake Wobegon on A Prairie Home Companion on NPR.
That's what Public Radio's for isn't it? Fictitious stories that are good for a laugh?
 
Even better. The Arab oil embargo is still WAY too fresh in my mind,and who has the food? WE DO! Let'em eat sand. Maybe they'll think twice before they mess with us again.
A bushel of grain for a barrel of oil. An old idea,but maybe it's time has FINALLY come!
 
Everything is going up many of them alot more than gasoline its because our US Dollar is being made worthless by the huge increase in the money supply from the Fed.As our Dollar becomes worth less the rest of the World demans more of them to buy the things like oil,coffee etc that they have and we need.And its going to get a whole lot worse before it gets better.In a few years we'll be fondly remembering the Good Ole Days when we could buy a gallon of gas for a measley $5.
 
Sorry, I was watching a movie so didn't see your question until now.

"Just to play devils advocate here,not to attack your logic,but how do the oil companies share any of the blame?"

The oil companies are partly to blame as they play the commodity "what if" game too. They are of course are in part doing so to cover their risks for meeting supply and demand at proper levels.

It is my understanding that the commodity boards of trade were originally established to bring buyers and sellers together, with the sellers being grain merchants and not specifically farmers. Not sure how speculative the markets were back then.

My gg uncle had a seat on the Chicago Board of Trade in the 1800s. I'll ask him the next time I see him for his opinions.

Sure would like to get a hold of a biography on him to see if I could learn more about him.

Sorry, I didn't mean to get everyone so riled up.
 
Just talked to a friend in the Netherlands, Gas is 2.27 per liter. 3.8 liters to the gallon of gas = $8.62. Every 3 months they pay a road use tax also.
 
The Middle East is not going to control anything, for starters they don't have all the oil and what oil they do have is all they have. Not one of the countrys in question can even begin to fantasize about feeding themselves and their people, if you think there is some protesting going on at the present time wait until their bellies are bumping their backbones. The US and Canada can easily increase oil and gas production to meet our own needs and feed ourselves and our allies. Worst case scenario, we walk a few miles in the dark, they eat sand sandwiches.
 
T-40 -- you need to take a little trip to that lovely region and see who's hospitality you prefer, the brotherhood or the Isrealis.
 
You're overlooking the fact that the US and UN will make sure they have free food regardless. We are still sending all kinds of aid to Somalia while they kidnap our boats and kill and ransom Americans and Europeans. You lack a fundamental understanding of politics my friend.
 
I don't think it was Israel that blew up our planes and the world trade center and the twin towers. My understanding it was Arabs. Don't think many folks doubt that.
 
You lack a fundamental understanding of world trade and politics, withholding food and medicines has already taken place, does 1973/74 ring a bell? Do you think the embargo was lifted because they suddenly felt all warm and fuzzy towards the USA? Somalia is altogether a different story, there is no effective govenment so misguided or not, efforts continue to win the people over and influence any eventual political outcomes. Why don't you educate yourself before you post nonsense.
 
I dont buy much beef these days, a pound of hamburg once a week.Chicken and pork are the usual fare for us now.Nothing like pricing a product right out of the market.The last ham I bought was 79 cents a pound.The bone goes into pea soup today.
 
Best our country does is raise the price on insurance so the population pays not the insurance industry that's milking billions out of the system.
 
We won't be able to feed ourselves either when the diesel fuel gets cut off. Agriculture and the food distribution system run on diesel, we get 70% of ours from the Arabs.
Most crops use great quantities of nitrogen. The vast majority of our nitrogen is imported. Joe
 
I don't know where you are getting your information but you may want to check a few things out, first, at the present time,the USA EXPORTS DIESEL FUEL. If the USA needed to import diesel fuel it would not look to the Arabs, they don't have the refining capacity to service their own needs, Saudi Arabia IMPORTS DIESEL FUEL. Second, the USA is the worlds third largest producer of nitrogen fertilizer, in recent years we have imported roughly 50% of our Nitrogen due to the high cost of natural gas which more drilling has since alleviated, regardless, we did not import one grain of nitrogen fertilizer from the Middle east, most came from Trinidad and India.
 
Between the Bakken field in No. Dak, Mont. and Canada and the sand pits in Canada Saudia Arabia is way down the list for oil reserves. In fact either one of these places have more oil than the Saudis BUT it is alot more expensive to prcess than just pumping it in Saudi.
 
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