Oil Slick Stuff

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nasa1974 said:
Gas is now getting NUTS!! $3.89/gallon. It was $3.64 this morning. $4.00/gallon before Easter. :mad:
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Yep demand is down and inventories are up, what the heck????? When are they going to do something about this, it's purely speculation doing this to price. They know what to do and won't act. I wonder why?:laugh::laugh::suspicious:
I'd best stop there.
 
I recall a February 27 US News and World Report article that listed a bunch of reasons why the price of oil is rising....the Middle East, demand from Asia, an improving US economy, the approaching summer and taxes!

Of course the 2013 Budget or money printing machine has nothing to do with it.
 
nnuut said:
...How about taxes, here Feds get $.18 a gallon for Unleaded and over $.24 a gallon for diesel due to road usage and I can understand that. The price of diesel here really hurts the possibility of the diesel fueled autos becoming the majority in the USA, and drives up the price of every commodity that is shipped.
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But Nnuutt - the "BTU ADJUSTED" price of diesel is far lower than gasoline. :D

Remember, Diesel has MORE BTU's than gasoline! Diesel has 129,500 BTUs' vs. 114,000 for gasoline.

So the "BTU adjusted price" of Diesel fuel is much lower:
diesel-03-10-2012.jpg
 
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Yer right, more compression = better gas milage not taking into consideration of the additional weight of diesel engines. Diesel used to be cheaper because it was less refined, then they changed the way it was made, now they refine everything to gasoline and make diesel by adding oil and additives which is more expensive. Duh!
 
I think this was posted before..but it's still is cool..

Gas%2Bprices_old%2Bstyle.aspx
 
Nice pic. I think the station owner is still only making 4 cents.

But all the other guys in line are making a whole lot more these days.
 
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Yup, just recalculated my household budget for $4/gal gas. I will check again in mid-late May for possible $5/gal gas over the summer. I hope it doesn't go there because I have travel plans I might need to cancel.

I have already noticed the plane tickets for my annual family vacation have gone up about 5% in the last 2 weeks, but I still need to set one more date before I can buy. I hope by the end of the week so it doesn't go up too much more.

Good luck everyone!!
 
James48843 said:
This guy says if the XL pipeline is built, the cost of gasoline in Oklahoma, Kansas, Nebraska, Iowa, and the midwest will go up by at least .20 cents.

EBM: The Rantings of an Aging Armed Pinko Chick

He's got a good point.

Even the study done forthe company building the XL pipeline says the cost of oil will go way up if the pipeline is built.
Inside the Keystone pipeline: How much would it really help US consumers? - CSMonitor.com
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You know James I don't like your opinions because they are always loaded with your politics. That said, the price is down in said states because of the backup in oil transportation in those states, a backup has caused the price to fall and when the pipeline is approved the whole country will benefit from the additional supply. DUH!
 
nnuut said:
...That said, the price is down in said states because of the backup in oil transportation in those states, a backup has caused the price to fall and when the pipeline is approved the whole country will benefit from the additional supply. DUH!
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Right. The Christian Science Monitor is a real left-wing newspaper, isn't it?

When the pipeline gets built, the oil won't flow to the rest of the country. The oil will flow to overseas customers, who will pay more for it, and that in turn will cause oil prices domestically to increase. At least that is what the company who wants to build the pipeline says.

Inside the Keystone pipeline: How much would it really help US consumers? - CSMonitor.com
 
March 13, 2012, 11:25 a.m. EDT
Oil seesaws ahead of Fed, inventories data

Upbeat retail sales, rising U.S. equities give prices some support


By Claudia Assis and V. Phani Kumar, MarketWatch
SAN FRANCISCO (MarketWatch) — Crude-oil futures veered between small gains and losses Tuesday, getting some support from an upbeat retail sales report but dragged by a higher dollar ahead of the Federal Reserve’s monetary-policy decision.
Oil seesaws ahead of Fed, inventories data - Futures Movers - MarketWatch
 
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