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Discussion in 'Politics & World News' started by N8 v2.0, Apr 7, 2008.
NYMEX price of Oil now at $108.80
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we're due for a fairly large spike up in pump price, according to this chart...
YESTERDAY I payed 4.57 a gallon for diesel in palo alto, Ca.
diesel is just under $4/gal here.. upper $3.80s..
damn you.................damn you all to hell!!!!!!!
How much is due to demand and how much to market speculation/ commodities bubble? There was a bit on the news the other night about lawmakers considering trying to remove speculators from the oil market. Not sure how that would work, force buyers to take delivery of their oil positions? Only allow certain people/entities to bid?
While it could conceivably cause prices to drop/crash in the short term, could well have disastrous unintended consequences in the long.
$100 plus oil is certainly driving investment in other energy sectors (nukes of various stripes, solar, wind, coal, etc.), but it also drives innovation w/in the oil complex to innovate and develop new tech that will let us get at deep offshore reserves as well as those thought uneconomical/unattainable (oil sands, shale...)
its a commodity.. like gold.
i wonder if Congess is going to round up the Big Gold exec's and grill em next..
I know. This is, however, what I was referring to:
More nonsense HERE.
Is there any legitimate reason that oil companies still are having there largest profit margins and still increasing gas prices...? If they decreased gas prices a lot they would still be making insane amounts of money...
I will never understand why they get away with charging MORE for diesel when it it clearly less expensive to produce.
That sucks, its $4.09 here. Even with gas $1 less a gallon, my diesel is still cheaper to run than my old gas truck.
I can hardly wait to go bio this summer.
$4 gas coming to you soon as of last month.
isnt it because the new diesel blends are more expensive to produce than the old stuff?
Biodeisel is available here for $3.57/gal.
What blend is that? I think the B25 here is $2.65.
Supply and demand?
Commercial or co-op homebrew?
B25 is only $0.12/gal cheaper here, from the only source in the area.
From a monetary angle, not much incentive since I get less mpg than from dino (but much lower emissions which is cool).
Dino was $2.50g last summer
That's commercial. I haven't researched co-op since I am planning a home brew setup at a friends house. Depending on how things go, a co-op might be a solid option. I know the state has some agriculture co-op incentives.
their obligation is to maximize return for their shareholders. given a demand that does not budge perceptibly with higher prices there's no reason for them to lower their prices.
Actually heard on NPR today that one of the reasons for this weekend's rise was such a sharp decrease in demand!?!?
With a drop in demand, suppliers are saying they need to raise prices to ensure profit margins.
Also contributing was the skyrocketing cost of ethanol. WTF, didn't GWB tell us that ethanol production would help lower gas prices despite raising our food prices 7% the last year and a half?
Glad this is getting discussed, I brought it up in one of the other fuel threads and Chang shook his head:biggrin:
I've just recently started a component collection for my 2000 7.3 powerstroke conversion. I'm setting it up mainly for SVO with heated fuel lines and a heated secondary tank in bed(stock 2000 ford 1 tank only) I plan on running a lot of B mixes in this set up as well, for it is the ultimate system for B100.
you can get pre-filtered WVO shipped to you for like $2 a gallon right now...
I just landed a few large personal supplies of sushi rest. fryer oil and a golden rod is on the way>
I would love to go bio but I am all over the nation towing a 40 footer and never in one spot long enough to have a tank farm or brew kit.
not only that my truck wont convert,
I guess these are the prices a man pays to have complete freedom
Dunno about your country but in NZ the Diesel is cheaper.
This is due to the differing taxation levels of fuels.
Petrol is taxed more as Diesel is mainly used by trucking goods around which is important to the economy (and prices of goods in the shops).
Diesel users instead of getting taxed on the volume of fuel used, get taxed by their mileage with road user charges. So the big rigs are taxed for how far they go and not by how much fuel is needed to haul that heavy trailer full of stuff.
Roughly 60-70% of the pump price of Petrol in NZ is Tax.
Currently it's $1.78 a liter for the cheaper grade 91 octane.
Petrol went down about 20-25 yen a litre here as parliament couldn't pass an extension to a bill allowing them to levy a fuel tax. For the time being we are winning but that just means you usually lose harder in the end.
Hope this will come true..
So, based on your global warming theory, the fact that gas prices slipped from 3.339 to 3.331 means there is no problem with rising gas prices, right?
The revised version of that AP piece (same author) also says this:
Your 6.4 can run bio (not greasecar or svo conversion) as is. Ford probably only recommends B5 (like GM) but I run B25 in my duramax no problem and know guys who run b100. Worst case you'll roach a fuel filter if your tank/lines are dirty but I haven't had that issue and it's an easy swap if you have a spare. If I were travelling as much as you I'd install a secondary filter (nictane, CAT, racor) between the tank and OEM filter anyway.
I know a few F@rd guys who run commercial B25 without issue. Like dan-o said, you just don't have the option of a straight veggie install. I wouldn't recommend that in any newer diesel anyway. I know a friends Dodge started having issues running filtered WVO, so he is back to bio now.
Chock full-o-bad news..
Still trying to stay one step ahead of your ex?
So for the last 4 years, all that bullsh!t we've been fed about supply and demand (rising demand and limited supply) being the cause for rising prices is just that....bullsh!t.
Cheney only has a few more months to jack the system with his secret "energy bill".
If it was any other industry, the govt would step in due to monopolistic unfair practices like they did with AT&T.
Too bad this Admin is a bigger whore than Heidi Fleiss, David Beckman, and Ron Jeremy combined.
Hooray for diesel prices in Mexico!
I mean, no..it's too dangerous down there...nvm
Who's buying one?
speculators only make money when the price goes UP. investors are betting that the price will be going up, so they're driving the prices up... which works until it gets way out of wack (internet bubble, housing bubble, pyramid scheme, etc) that everything just crashes. oil/commodities might be similar, and demand might slack off *some* with the higher prices, but as long as people are willing to pay $4/gallon at the gas pump, there'll be $4/gallon gas.
just in time for summer!