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Record Diesel engine fuels price thread.

What's on your mind?
General interest discussions, not necessarily related to depletion.

Re: Record Diesel engine fuels price thread.

Unread postby frankthetank » Tue 08 Apr 2008, 19:46:51

Same here. I thought of going for a TDI, but then have heard horror stories about other VW's and my MIL newer Passat is a POS. I really don't like how they put together cars. When it comes down to it, i'd much rather work on a Ford Ranger or Escort--and the parts are cheap.

I plan on picking up another vehicle and keeping both until i can see through the floor boards.
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Re: Record Diesel engine fuels price thread.

Unread postby Mechler » Tue 08 Apr 2008, 23:24:11

Well, Frank, I'm worried about VW reliability as well. But Honda is supposed to have some diesel models soon. And Subaru is releasing a diesel this month in Europe - should be in the US in two years. I bet a diesel Outback would be pretty popular in WI and CO.

To bring this back on topic - if more automakers are planning on introducing diesels, the refiners may want to plan for that. Although, I'm sure that the added demand from that segment is relatively small. But I bet the majority of the cars being sold everywhere else in the world are diesels. Which goes back to DP's point about exporting are way into a shortage.

You think if it becomes bad enough (high prices, yet we're still exporting) that the gov't will step in and regulate the refiners somehow?
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Re: Record Diesel engine fuels price thread.

Unread postby Tuike » Thu 10 Apr 2008, 16:05:55

Heating oil future high was 332.04 c/gal today.
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Re: Record Diesel engine fuels price thread.

Unread postby DantesPeak » Thu 10 Apr 2008, 18:55:30

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Re: Record Diesel engine fuels price thread.

Unread postby Tanada » Thu 10 Apr 2008, 22:04:15

$this->bbcode_second_pass_quote('DantesPeak', '[')url=http://www.peakoil.com/post633134.html#633134]Is the US exporting itself into a diesel supply crisis?[/url]



Wait a minute, acroding to the weekly update we are importing around .3 mbd of distillates and way back at the front of that thread we were in May 2007 importing around .3 mbd of distillates.

What has changed?
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Re: Record Diesel engine fuels price thread.

Unread postby DantesPeak » Thu 10 Apr 2008, 22:09:48

$this->bbcode_second_pass_quote('Tanada', '')$this->bbcode_second_pass_quote('DantesPeak', '[')url=http://www.peakoil.com/post633134.html#633134]Is the US exporting itself into a diesel supply crisis?[/url]



Wait a minute, acroding to the weekly update we are importing around .3 mbd of distillates and way back at the front of that thread we were in May 2007 importing around .3 mbd of distillates.

What has changed?


Imports are falling:

Image


Production is down:

Image

Imports are up, although it's hard to know exactly how much, since the EIA doesn't appear to track this statistic very accurately on a weekly basis. However the final inventory report is supposed to be up to date, which should show the effect of exports since late February:

Image
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Re: Record Diesel engine fuels price thread.

Unread postby DantesPeak » Sat 12 Apr 2008, 17:39:24

Some weeks after it was first mentioned it here, the IEA now agrees there is a diesel shortage in some parts of the world:

$this->bbcode_second_pass_quote('', 'I')EA cuts China's Oil Demand Growth Forecast
Emily Yu
12 April 2008

"The shortage of diesel supply means that backlog demand remains high," the agency said. "As long as there is adequate supply, China's oil demand is likely to increase substantially."


Int. Business Times

Reports on Friday state that US diesel demand remains strong, despite record high prices, due to strong export demand and seasonal agricultural buying.
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Re: Record Diesel engine fuels price thread.

Unread postby DantesPeak » Tue 15 Apr 2008, 13:19:31

Global demand and shortages still pushing diesel prices higher:

$this->bbcode_second_pass_quote('', 'O')il, Gasoline Climb to Records as Investors Move to Commodities

By Mark Shenk

April 15 (Bloomberg) -- Crude oil and gasoline rose to records as investors purchased commodities because their returns have outpaced stocks, bonds and other financial instruments.

Chinese diesel demand was up 49 percent for March.

China, the world's second-largest energy consumer, increased diesel imports as state refiners China Petroleum & Chemical Corp. and PetroChina Co. bought more to ensure supplies for the spring planting season.

Chinese oil demand this year will rise 4.7 percent to 7.9 million barrels a day, the International Energy Agency said in a report on April 11.


Bloomberg


$this->bbcode_second_pass_quote('', '[')b]Caltex Australia Has Diesel Shortage Due to Shutdown (Update2)

By Angela Macdonald-Smith

April 15 (Bloomberg) -- Caltex Australia Ltd., the nation's biggest oil refiner, said urgent, unplanned maintenance at a diesel unit in Queensland is causing a shortage of supplies.

The company is bringing in diesel from New South Wales state and from overseas to help meet demand, Sydney-based Caltex Australia said today in an e-mailed statement. The diesel hydrotreater was shut in early April for repairs after a leak was detected, said Alison Badger, a spokeswoman, without giving details.


Bloomberg
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Re: Record Diesel engine fuels price thread.

Unread postby emersonbiggins » Tue 15 Apr 2008, 13:39:50

$4.09 here in Dallas, up about a dime over the weekend.
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Re: Record Diesel engine fuels price thread.

Unread postby gnm » Tue 15 Apr 2008, 13:40:42

$4.20 pretty much everywhere here in NM...

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Re: Record Diesel engine fuels price thread.

Unread postby frankthetank » Tue 15 Apr 2008, 13:43:27

4.10 all around these parts, MN is a little cheaper.
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Re: Record Diesel engine fuels price thread.

Unread postby DeepOil » Tue 15 Apr 2008, 16:15:08

$4.23 today in New Hampshire.
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Re: Record Diesel engine fuels price thread.

Unread postby DantesPeak » Tue 15 Apr 2008, 19:12:41

$this->bbcode_second_pass_quote('', 'O')il Surges to New Peak Near $114
By GREGORY MEYER
April 15, 2008 5:30 p.m.

China imported 1.66 million tons of diesel between January and March, the General Administration of Customs reported Tuesday, a seven-fold increase from the 230,000 tons imported in the same period last year.


WSJ

In addition, South Africa and Chile have increased diesel imports to help ease power shortages in their countries.
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Re: Record Diesel engine fuels price thread.

Unread postby Denny » Tue 15 Apr 2008, 20:56:58

Its about $5 a gallon in Toronto area ($1.27 per litre)
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Re: Record Diesel engine fuels price thread.

Unread postby yesplease » Tue 15 Apr 2008, 21:23:18

Seems to be in line w/ gasoline (energy content) here, although it's more expensive than it usually is yoy by ~6-8% IIRC.
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Re: Record Diesel engine fuels price thread.

Unread postby Mechler » Tue 15 Apr 2008, 23:36:06

$this->bbcode_second_pass_quote('DantesPeak', '')$this->bbcode_second_pass_quote('', 'O')il Surges to New Peak Near $114
By GREGORY MEYER
April 15, 2008 5:30 p.m.

China imported 1.66 million tons of diesel between January and March, the General Administration of Customs reported Tuesday, a seven-fold increase from the 230,000 tons imported in the same period last year.



Wow! That kind of growth can't be sustainable...
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Re: Record Diesel engine fuels price thread.

Unread postby DantesPeak » Tue 15 Apr 2008, 23:40:12

$this->bbcode_second_pass_quote('Mechler', '')$this->bbcode_second_pass_quote('DantesPeak', '')$this->bbcode_second_pass_quote('', 'O')il Surges to New Peak Near $114
By GREGORY MEYER
April 15, 2008 5:30 p.m.

China imported 1.66 million tons of diesel between January and March, the General Administration of Customs reported Tuesday, a seven-fold increase from the 230,000 tons imported in the same period last year.



Wow! That kind of growth can't be sustainable...


Mostly it is. I don't see any significant relief from high diesel prices in the US soon.


$this->bbcode_second_pass_quote('', 'P')etroChina Increases May Diesel Imports by 50% (Update1)

By Sophie Tan

April 16 (Bloomberg) -- PetroChina International Co. bought 300,000 metric tons of diesel for delivery in May, 50 percent more than a month earlier, said a company official, who declined to be identified because of internal rules.

The company, also known as China National United Oil Corp., is a trading unit of PetroChina Co., the nation's biggest oil producer.

China will refund the 17 percent value-added tax on 1 million tons of diesel to be imported by PetroChina's parent China National Petroleum Corp. during April to June, the Ministry of Finance said yesterday.


Bloomberg
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Re: Record Diesel engine fuels price thread.

Unread postby Mechler » Tue 15 Apr 2008, 23:48:42

$this->bbcode_second_pass_quote('DantesPeak', '')$this->bbcode_second_pass_quote('Mechler', '')$this->bbcode_second_pass_quote('DantesPeak', '')$this->bbcode_second_pass_quote('', 'O')il Surges to New Peak Near $114
By GREGORY MEYER
April 15, 2008 5:30 p.m.

China imported 1.66 million tons of diesel between January and March, the General Administration of Customs reported Tuesday, a seven-fold increase from the 230,000 tons imported in the same period last year.



Wow! That kind of growth can't be sustainable...


Mostly it is. I don't see any significant relief from high diesel prices in the US soon.



I mean sustainable for the long-term. You can't have 700% yearly growth too long without ramifications!

You're right about high prices being here to stay.
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Re: Record Diesel engine fuels price thread.

Unread postby Zardoz » Sat 19 Apr 2008, 00:22:18

I posted this in the gasoline thread. Might as well stick it here, too:

Image

We'll see five bucks for diesel pretty soon, I'm afraid.
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Re: Record Diesel engine fuels price thread.

Unread postby dukey » Sat 19 Apr 2008, 09:37:39

diesel costs $9.12 dollars per gallon here
business as usual (uk)
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