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Record Diesel engine fuels price thread.

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Record Diesel engine fuels price thread.

Unread postby Tanada » Sun 11 Nov 2007, 09:22:21

I have wondered for a while why we don't have a thread dedicated to diesels fuels, you know farm equipment, OTR trucking industry, and a few private consumers all need the stuff to operate. Not to mention that home heating oil is essentially high sulfur Deisel fuel, and Kerosene is essentially Deisel #1 fuel as used across the northern tier of states in winter.

So here goes, I checked four stations yesterday in my area and all of them had diesel in the $3.55-$3.59 window. Harvest is just about over here but local drivers are stuck with the situation. OTR trucks that head south or east are runnig with minimum fuel so that they can fill up when they get out of this high price zone of fuel, the ones heading west are pretty much stuck with things as they are here.

When I checked Kerosene was still $3.33, it doesn't sell very fast because around here it is mostly used for stand alone heaters for garages or out buildings.
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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Re: Record Diesel engine fuels price thread.

Unread postby purdum » Sun 11 Nov 2007, 10:35:44

Tanada - do you happen to know if the price of delivered home heating oil is the same as either retail kerosene or diesel gas? I would like to get a weekly or monthly figure for the local price of home heating oil (we switched over to geothermal from oil and I am tracking how many $$'s we're saving). There's a state government web site which shows average heating oil price but it was always low compared to the rate quoted on my bill (maybe it's wholesale?). I could call the oil distributor and ask them, but it would be easier just to look at a kerosene or diesel pump.

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(central MI, where diesel was $3.799/gal at a few places last night)
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Re: Record Diesel engine fuels price thread.

Unread postby vision-master » Sun 11 Nov 2007, 11:00:02

$this->bbcode_second_pass_quote('', 'O')TR trucks that head south or east are runnig with minimum fuel so that they can fill up when they get out of this high price zone of fuel, the ones heading west are pretty much stuck with things as they are here.

I think the OTR trucks pay state tax by mileage driven in each state. So, the idea that they can fill up in cheaper areas really dosen't make much diff.
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Re: Record Diesel engine fuels price thread.

Unread postby Fishman » Sun 11 Nov 2007, 18:02:36

I think diesel is the straw that will break the camels back. Every drop of food, every scrap of clothing, brought to you by diesel. Even my family members who don't believe/ have any inkling of peak oil are starting to understand that diesel drives the world around us.
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Re: Record Diesel engine fuels price thread.

Unread postby TreebeardsUncle » Sun 11 Nov 2007, 18:48:11

Hi. Saw deisel selling for $3.80/gallon here at the Campus Shell Station at Fair Oaks Boulevard and Howe Avenue in Sacramento.

Note this: Just 3 years ago oil was selling for no more than $50/barrel. Now, it is selling for about $100/barrel. Gasoline has come up from about $1.50 to $3.00 a gallon. At that rate oil should be $200/barrel and gasoline should be $6/gallon in 3 years. That will be enough to really do some damage to the airline industries and some to the trucking industry as well. Expect automobile drivers in the US to be relatively less affected.
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Re: Record Diesel engine fuels price thread.

Unread postby Tanada » Sun 11 Nov 2007, 20:31:46

$this->bbcode_second_pass_quote('purdum', 'T')anada - do you happen to know if the price of delivered home heating oil is the same as either retail kerosene or diesel gas? I would like to get a weekly or monthly figure for the local price of home heating oil (we switched over to geothermal from oil and I am tracking how many $$'s we're saving). There's a state government web site which shows average heating oil price but it was always low compared to the rate quoted on my bill (maybe it's wholesale?). I could call the oil distributor and ask them, but it would be easier just to look at a kerosene or diesel pump.
purdum(central MI, where diesel was $3.799/gal at a few places last night)

Here in Monroe County MI the prices is way cheaper for home heating oil. For one thing it is allowed to have much more sulfur in it than road diesel, for another it doesn't have taxes other than sales tax on it.

Consequently my Dad who still heats with #2 filled up for IIRC $2.33, which was about $.80 cheaper than diesel when he did it.
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Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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Re: Record Diesel engine fuels price thread.

Unread postby Tanada » Sun 11 Nov 2007, 20:33:42

Just went and topped off my car tonight, the local Marathon is now $3.69 for Diesel and $3.38 for Kerosene. I think the Kerosene is left over from last spring, nobody has been using it all summer.
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Re: Record Diesel engine fuels price thread.

Unread postby Tanada » Mon 19 Nov 2007, 19:32:31

Well topped off my car again tonight, my local diesel prices are $3.59, $2.69 and $3.69 and the one place I checked Kerosene has rocketed to $5.12!!! Crazy considering it is for portable heater 90# of the time and the super refined version they use for jet fuel sells for under $3.00 at the airline hubs!

Bangor Maine News
$this->bbcode_second_pass_quote('', 'L')INCOLN - Record diesel prices that reached $3.65 per gallon Saturday are pushing logging truckers into a state of emergency that could imperil Maine’s entire forestry products industry.

State officials expressed fear Saturday that runaway fuel prices could force independent truckers — the forest product industry’s connective tissue, as they haul fiber to mills from the woods — to abruptly shut down, sparking a larger crisis within the industry and the state.

Gov. John Baldacci and other officials are investigating ways to help truckers stay on the roads over the winter, including temporary suspension of gas taxes and some hauling regulations and bulk fuel buying, said John M. Kerry, director of the state’s Office of Energy Independence and Security.


Michigan is a logging state so this could be a factor here too, which is why it caught my eye.
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Re: Record Diesel engine fuels price thread.

Unread postby DomusAlbion » Mon 19 Nov 2007, 20:24:19

Diesel has been as high as $3.85 this last week from Moscow, ID to Lewiston, ID
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Re: Record Diesel engine fuels price thread.

Unread postby whereagles » Mon 19 Nov 2007, 20:30:47

Diesel is about 65% of fuel consumption around here.

Price has been around 1.2 €/litre or around 4.54 $/gal, 50% of which is tax.
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Re: Record Diesel engine fuels price thread.

Unread postby Tanada » Tue 11 Mar 2008, 13:26:02

HOLY CRAP!!!!!

Diesel went from $3.39 four weeks ago to $4.19 today! That's up from $3.89 yesterday!
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Re: Record Diesel engine fuels price thread.

Unread postby emersonbiggins » Tue 11 Mar 2008, 14:45:03

Huge spread here in Dallas - most are around $3.69, but I saw one @ $3.89.

I filled up for $3.49. Cheapest I've found. 8)
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Re: Record Diesel engine fuels price thread.

Unread postby MarkJames » Tue 11 Mar 2008, 15:24:58

Image

Image

Our heating oil, kerosene and propane customers aren't too happy with the prices this year. That's actually a good price for kerosene. Some stations are over 4 bucks a gallon at the pump.
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Re: Record Diesel engine fuels price thread.

Unread postby Roy » Tue 11 Mar 2008, 15:34:39

$3.65 here for diesel, $[s]3.15 [/s] $3.24 for regular unleaded.

The TDI Jetta is still the preferred method of transportation at my hosue due to its superior mileage compared to my other car which only gets about 30 mpg.

edit: regular went up again today
Last edited by Roy on Wed 12 Mar 2008, 09:26:04, edited 1 time in total.
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Re: Record Diesel engine fuels price thread.

Unread postby AirlinePilot » Tue 11 Mar 2008, 21:54:30

Just made this Sticky, its definitely worthy of that.
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Re: Record Diesel engine fuels price thread.

Unread postby DantesPeak » Tue 11 Mar 2008, 23:05:39

Wholesale prices of diesel rose rapidly today, on top of rising the last few business days before.

Retail prices may advance more than 10 cents/gallon over the next week if wholesale prices hold up.
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Re: Record Diesel engine fuels price thread.

Unread postby DantesPeak » Tue 11 Mar 2008, 23:37:32

As I explained in some other threads the last week or so, the shortage of diesel is driving the price of oil higher.

$this->bbcode_second_pass_quote('', 'T')here is an imbalnce developing in the output of each barrel as compared with what was previously desired - even as little as a year ago. I am not a chemical engineer, but the output of each barrel of oil can be adjusted with certain parameters. US refiners are said to be the most adept at adjusting to changing quality.

However there is a limit. Diesel is in higher demand, especially in Europe. This has actually created a surplus in winter blend gasoline, as extra gasoline moves from Europe to the US. (Summer blend gasoline requires akylate, which takes special refining and processing, and is in short supply), while a diesle shortage persists in Europe.

The problem is there is not enough diesel even though winter gasoline is available (outside of central Canada). So more oil has to be refined to get the products needed.

Refiners are making a good profit on diesel, that may offset the low profit on gasoline.


http://www.peakoil.com/post615546.html#615546

To put it simply, the increased demand for diesel can only be met by increased refining of crude oil - even if that leaves us with a surplus of other types of oil products.

The Wall Street Journal has caught on to this (does it read PO.com?), and provides some details.

Image


$this->bbcode_second_pass_quote('', 'D')iesel Demand Remains Strong
Some Refiners See Further Opportunity Despite Price Rise
By ANA CAMPOY
March 12, 2008; Page A4

Oil and gasoline prices are again at new highs. But many in the U.S. refining industry are focusing on prices for another key liquid: diesel.

Diesel has followed the petroleum surge, ending yesterday at $3.82 a gallon, based on government data. Much as gasoline has pressured consumers, diesel is pressuring businesses that depend on the fuel.

But some in the refining industry see an opportunity. Their bet: Diesel is poised to take off. While skyrocketing prices have weakened demand for gasoline in recent months, global diesel demand has been growing.

Some analysts expect continued strong diesel-demand growth. In Europe, diesel will continue gaining market share at the expense of gasoline as consumers switch to diesel-powered cars. Developing countries such as China and India are consuming more energy. Those countries often prefer diesel over gasoline because of its flexibility: the fuel can be used to power industrial plants as well as transportation.

In the short-term, U.S. refineries that are set up mainly to produce gasoline have little flexibility to churn out more supplies of diesel. To increase capacity, refineries would have to invest heavily in new equipment. The U.S. will also have a hard time attracting barrels of diesel from abroad because of strong demand elsewhere, meaning the diesel market in the U.S. will continue to be tight.


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Re: Record Diesel engine fuels price thread.

Unread postby shortonoil » Wed 12 Mar 2008, 13:43:59

DantesPeak said:

$this->bbcode_second_pass_quote('', 'T')o put it simply, the increased demand for diesel can only be met by increased refining of crude oil - even if that leaves us with a surplus of other types of oil products.


Last year 161,000 independent truckers parked their rigs for good. Increased fuel cost were sited as the prevalent reason.

My contacts in the mining industry are saying that higher fuel costs are shutting down many smaller operators. This is hitting smaller firms first because the smaller firms, being less well capitalized, are using lower initial cost, older, less fuel efficient equipment. With them go a lot of higher paying jobs.
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Re: Record Diesel engine fuels price thread.

Unread postby Cyrus » Wed 12 Mar 2008, 14:07:34

Disel is $4.20 per gallon here in West Chicago, Illinois.
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Re: Record Diesel engine fuels price thread.

Unread postby highlander » Wed 12 Mar 2008, 17:40:48

we've several stations with fuel over 4.00, and one with it at 3.49. All are a bunch more than my $1.50 homebrew! The natives are getting restless though!
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