June 23, 2018, 04:40:59 PM

Author Topic: What is going on with diesel prices?  (Read 10914 times)

Offline belfert

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What is going on with diesel prices?
« on: October 07, 2012, 01:24:21 AM »
I ran a few errands today and about had a heart attack when I saw the diesel price at the station I normally use.  The price had jumped from $4.09 to $4.50 in two days!  I'm in Minnesota, not California.  Interestingly enough, the two gas stations down the street still had diesel at $4.09.  Gasoline prices are slowly going down and are now around $3.75.

I checked Gas Buddy and diesel locally ranges from $3.89 to $4.50.  There are a lot of stations listed at over $4.40 so the $4.50 price I saw is not a fluke.  I understand that diesel prices are more in the winter, but they don't generally go up by 40 cents overnight.  Oil prices and whole fuel oil prices are actually going down right now so no idea why the refined product is soaring in price.
Brian Elfert - 1995 Dina Viaggio 1000 Series 60/B500 - 75% done but usable - Minneapolis, MN

Offline HB of CJ

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Buy More Stock In Oil Companies? Bound To Get $Rich$
« Reply #1 on: October 07, 2012, 01:48:53 AM »
Getting crazy here in SW Oregon also.  How high will fuel prices have to get before we really start to cut down on fuel expenses?  Dunno.  HB of CJ

Offline Utahclaimjumper

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Re: What is going on with diesel prices?
« Reply #2 on: October 07, 2012, 01:50:28 AM »
 Its sure not the price of oil,, three refineries are down presently, and with none allowed to be built since the mid 70s
  effects the price of refined products quicker than the price of oil.>>>Dan
Utclmjmpr 
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Offline Dave5Cs

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Re: What is going on with diesel prices?
« Reply #3 on: October 07, 2012, 01:58:00 AM »
People are speculating on what the price will be and then it goes up or down. Here in cali they say it is because of the fire at Richmond oil refineries, chevron 1 week, shell the next. Almost like it happened on purpose?
Ours in Roseville is 389.00 with 30 cents off from where we buy our groceries Safeway. regular price last week was 4.19 to 4.56. I calabasas CA it was 5.31 don't know why that was.
Diesel same thing.
Dave5Cs ???
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Offline belfert

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Re: What is going on with diesel prices?
« Reply #4 on: October 07, 2012, 02:08:19 AM »
Gasoline consumption is already down in the USA and is predicted to be down by at least 20% in a few years as prices stay high and people buy higher MPG cars.  Refineries are shipping refined fuel overseas to keep prices high.

Diesel prices here in Minnesota don't typically jump so much overnight unless oil prices are going crazy or gasoline prices are jumping too.
Brian Elfert - 1995 Dina Viaggio 1000 Series 60/B500 - 75% done but usable - Minneapolis, MN

Offline lvmci

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Re: What is going on with diesel prices?
« Reply #5 on: October 07, 2012, 02:39:05 AM »
Hi All, I predict there will be another fire, a refinery mishap, a power failure or some such excuse for a price hike, I love the multiple plant shutdowns for cleaning excuse,  just before the election, lvmci...
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Offline luvrbus

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Re: What is going on with diesel prices?
« Reply #6 on: October 07, 2012, 03:08:37 AM »
Elections won't have much to do with this time next year you see 5 bucks a gal nation wide after the feds add a new tax like it or not it is coming
Life is short drink the good wine first

Offline gus

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Re: What is going on with diesel prices?
« Reply #7 on: October 07, 2012, 05:23:30 AM »
Well, actually the election has a lot to do with it. When Bush was running his buddies lowered the price just before election and now Obama is getting the opposite treatment.

There is no other possible explanation for the rise.

CA has even managed to create a fake shortage as a smokescreen. Same thing happened in '74 while I was there and the east coast hadn't even heard or a shortage!
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Offline saddleup

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Re: What is going on with diesel prices?
« Reply #8 on: October 07, 2012, 01:23:24 PM »
I am putting a pipeline through the new www.bakkenoilexpress.com facility, and watch them load out and ship two to three trains a day, that is 104 tank cars per train averageing 70,000 gallens per tank car, it all adds up to more oil out of one facility than they are reporting for the entire state of ND, wheres it all going ? this facility still under construction, it can only hold 650 tank cars at one time, when done they are saying a 1,000 to 1,200 cars.
Matt
« Last Edit: October 07, 2012, 01:32:34 PM by saddleup »
Yuma,Az


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Offline luvrbus

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Re: What is going on with diesel prices?
« Reply #9 on: October 07, 2012, 02:25:33 PM »
Get a life Gus your guy in charge wants you to buy a electric bus lmao how these post can drift into lala land
Life is short drink the good wine first

Offline muldoonman

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Re: What is going on with diesel prices?
« Reply #10 on: October 07, 2012, 03:55:49 PM »
This Global Economy BS is killing us. Have a friend who works for Exxon/Mobil Refinery (Baytown Tx.) and there ARE shipping refined fuel out of country and that is why fuel is so expensive in the states. The more they drill (there's a drilling rig across my cow pasture) the more they will sell abroad. These stock market speculators are killing us also. Normally buy red fuel but ran out yesterday and bought diesel at pump in Bastrop Tx. for $3.81 a gallon here. Heading to shop/office in West Texas and it's always .20 to .30 a gallon higher there.

Offline luvrbus

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Re: What is going on with diesel prices?
« Reply #11 on: October 07, 2012, 04:03:15 PM »
Check it out Glen and see who owns the Alon Refinery in Midland sure as hell not the Americans lol
Life is short drink the good wine first

Offline TomC

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Re: What is going on with diesel prices?
« Reply #12 on: October 07, 2012, 04:04:06 PM »
Here in California the gasoline prices are over $5.00 in some places because of "refinery shut downs and maintenance".  I just bought Diesel for my car yesterday and it was still at $4.35.  Nice to have a Diesel car that averages 23-25mpg (with 418,000 miles on it).  Good Luck, TomC
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Offline muldoonman

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Re: What is going on with diesel prices?
« Reply #13 on: October 07, 2012, 04:14:16 PM »
Yeah Cliff,  I have worked in the oil and gas field my whole life with my welding co. and have noticed a big change since this global crap started. This Keystone Pipeline headed to Gulf Coast everybody is talking about will be sold and shipped abroad, ie China!

Offline luvrbus

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Re: What is going on with diesel prices?
« Reply #14 on: October 07, 2012, 04:45:16 PM »
Yep the more money we print the less our dollar is worth but just wait till inflation and the interest rates go through the roof you think fuel is high now lol we always can blame Bush
Life is short drink the good wine first