[patience]

Soybean cooking oil was $28.85/5 gallons US at Sam's Club yesterday. A friend and I were wondering how long before it's cheaper to fill up the diesel at the grocery? That's $5.77 for soy oil, vs $4.10 for diesel at the moment here.

[Gerben]

It's already cheaper to fill up at the grocery store in most of Europe. A fuel station is more convenient though. And most cars cannot handle pure vegetable oil.

[Pholostan]

Sure you can drive a diesel on vegetable oil. You need to put in some white spirit to make it work.

TopGear had a bit on it a year ago:
http://www.youtube.com/watch?v=GOFbsaNeZps

[DantesPeak]

There were new diesel shortages reported in Uganda and oil producer Yemen today. Unusual diesel demand is still being reported by Chile and England.

These problems have lead the US to continue to export diesel - even while diesel hits record prices almost daily.

If the oil workers strike in Nigeria doesn't end soon, we will be seeing even higher diesel prices.

$this->bbcode_second_pass_quote('', 'N')EW YORK, April 28 (Reuters) - New York Harbor ultra low sulfur diesel and jet fuel differentials rose two cents each on Monday morning amid strong bidding as Europe and South America continued to demand cargoes, dealers said.

Players said they expected continued strength in the Harbor distillate market all week.

Ineos' oil Grangemouth refinery in Scotland shut down last week due to a worker strike, adding to European refinery outages and maintenance that has cut into distillate stocks. Meanwhile, a shortage of natural gas in Chile has triggered massive increases in that country's demand for foreign diesel.

[Tanada]

Diesel popped back up to $4.29/gal over the weekend here. How long until the independent truckers start quitting en masse so that the few holdouts can charge more?

[4dsc]

SO how much diesel is the US exporting every month. My truck driving friends would like to know as they don't read peak oil.com..

[Tuike]

Heating oil future: 3.4524 $/gal

[lawnchair]

Front-month heating oil over $3.50, for I believe the first time. Unfortunately, future months (next winter) are already $3.55-$3.56.

[Tuike]

Heating oil futures seem to rise ten cents every day. 3.60 has been broken. ( 3.61 record )

[patience]

Here in Indiana, US, diesel just hit $4.45,up from $4.19 a week or so ago. Gas is $3.78, going up about 2 cents/day last week.

[Tanada]

Forgot to post it yesterday but diesel here hit $4.49 yesterday.

[emersonbiggins]

Paid $4.39 here in Dallas tonight - $63 to fill up the Jetta.

[Tuike]

1.30 was broken here. I saw diesel at 1.34 €/liter at nearby gas station.

[Tanada]

Crimeny sakes, today it popped another dime, now $4.59 per gallon for diesel!

[olekriri]

Just about to reach double digits here in Norway: $9.95/gallon today.

[jasonraymondson]

This time next year we are going be posting about $6.00 diesel and $5.00 gas and long for the current prices

[Tuike]

3.70 has been broken in heating oil futures. ( 3.71 )

[DantesPeak]

Diesel records are being set on a daily basis around the world, and our heads are spinning.

Still demand is holding up strongly throughout the world, and there are still supply problems (see below). The outlook is that we have some more weeks ahead for new record retail prices here in the US.

I just wonder what's going to happen after that. Remove state and federal taxes? Give truckers subsidies? Otherwise many things will not be getting from here to there, as a great amount of truckers will face bankruptcy.

$this->bbcode_second_pass_quote('', 'T')otal Shuts Dutch Refinery Unit, Cuts Diesel Output (Update3)

By Nidaa Bakhsh

May 16 (Bloomberg) -- Total SA, Europe's third-largest oil company, partially shut its Vlissingen refinery in the Netherlands to carry out work in a fuel-producing unit, cutting diesel output at a time of record prices.

Work on the so-called hydrocracker began May 11 and is expected to last until early June, the company said in a statement on its Dutch Web site. Burkhard Reuss, a Total spokesman speaking by phone from Paris, said Total is able to meet customer needs because the company built up inventories ahead of the shutdown.

The hydrocracker is the third in Europe to be idled, adding to the continent's already supply-constrained diesel market, which is relying on imports from the U.S. to meet demand.

Ineos Group Holdings Plc's unit at its 200,000 barrel-a-day Grangemouth refinery in Scotland was damaged by fire as it resumed operations after a strike that closed the complex in late April. Neste Oil Oyj is expecting to resume diesel production from its 196,000-barrel-a-day Porvoo refinery in Finland in early June after a fire in a heat exchanger early last month.

Spot diesel prices for immediate loading in the main Amsterdam-Rotterdam-Antwerp hub rose to a record $1,260.75 a ton at 4:35 p.m. London time today, according to data compiled by Bloomberg. The contract has risen 16 percent since the beginning of May.

The Vlissingen refinery has an oil-processing capacity of 9.5 million metric tons a year, according to Total's Web site. That's about 190,000 barrels a day, according to Bloomberg calculations. The refinery is jointly run with U.S.-based Dow Chemical Co.

[DantesPeak]

Here's more information on where diesel demand is coming from:

$this->bbcode_second_pass_quote('', '
')Diesel Prices Soar Ahead of Olympics
China Hoards Tons Amid Rebuilding;
U.S. Fills a Need
By ANNA RAFF
May 19, 2008



China is hoarding diesel and other distillates in case the country needs to rely on its backup generators to smooth out hiccups in its unreliable power grid.

PetroChina Co., the publicly traded arm of government-owned China National Petroleum Corp., "has not only made a huge purchase of diesel for June but has also suspended exports of oil productions to meet domestic demand, exacerbated by the earthquake and, of course, the coming Olympics," said Mike Fitzpatrick, an analyst at MF Global in New York.

The United Arab Emirates and Indonesia have said they will boost diesel imports because of local supply problems.

In Europe, where a large share of vehicles run on diesel, scheduled refinery maintenance, unexpected production outages, late-winter cold and a change in fuel specifications have strained distillate inventories, boosting prices enough to attract imports from the U.S.

"The U.S. is now acting as a swing supplier in Europe," said Harry Tchilinguirian, senior oil market analyst at BNP Paribas in London.

Traditionally, Europe would import much of its distillate requirements from Russia, but stricter regulations on sulfur content make products such as ultralow-sulfur diesel, or ULSD, from the U.S. more attractive.

South America is relying on the U.S. for heating oil this winter, as the continent looks for alternatives to unstable natural-gas production, said Andrew Reed, an oil-market analyst with Energy Security Analysis Inc., a consultancy based in Wakefield, Mass.

[DeepOil]

Diesel at $4.63 gal in southern NH today! Up about 12 cents since yesterday.