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Hobie wrote:I remember when diesel was cheaper. How the heck did that happen.
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Sincerely,
Hobie
Hobie, My son tells me its supply and demand. With the huge demand for diesel now with the rising quantity of diesel trucks, etc, and the same capacity for making diesel, it keeps going up. Personally, I think Al Gore is doing it as I hear his home electricity bill is 5K a month! ----------------------Sixgun
YK you can add 22 cents a gallon to regular gas, Diesel is 4.60 a gallon.
Diesel is a by product of normal production. It is typically considered cheaper to produce. The amount of Diesel available is dependent on production schedules. Current gas prices are reflective on the increased demand throughout the world, mainly in China, and also in the turmoil filled areas of south america. OPEC has not cut gas production. The US reserves have trippled in the last year due to Bush's efforts. The Dems are gonna want to release those reserves if they get in office.
$5 a gal is coming. $6 for diesel. Just figured that when it gets there, I will be spending 16% of my income on fuel to get to work. This is seriously gonna impact levergunitis.
blessings
Mike Johnson,
"Only those who will risk going too far, can possibly find out how far one can go." T.S. Eliot
If I have to I can park the car for weeks at a time.
One thing I'm doing more of is ordering online. Shipping is getting to be a bargain compared to driving across town to some specialty store. It's not that hard to burn $10.00 in gas just doing a few errands.
"I'll tell you what living is. You get up when you feel like it. You fry yourself some eggs. You see what kind of a day it is."
Hobie wrote:I remember when diesel was cheaper. How the heck did that happen.
Regulations, taxes....surprise.
Bunkloco
“We, as a group, now have a greater moral responsibility to act than those who live in ignorance, once you become knowledgeable you have an obligation to do something about it.” Ron Paul
Here's an interesting story on the 'true' cost of gasoline, and the market manipulation, taxes, etc. Seems we should be madder at the regulators than the oil companies, but of course Obama has been running ads trying to get the college-age-crowd to vote for him because he'll protect them from the evil free market.
It is quarterly reports season for the major's. Look at the profits from downstream or refining. Some companies don't even make money on refining because we cannot pass on the true costs of the operation.
If there is no profit in gas refining, don't expect much new capacity to come to market and expect the situation to get worse.