[Arsenal]

Ouch!!!!

$5.09 in Greenwich, CT

[vision-master]

$this->bbcode_second_pass_quote('jasonraymondson', 'T')his time next year we are going be posting about $6.00 diesel and $5.00 gas and long for the current prices

[Roy]

$4.45 for diesel and holding here.

The filling station that I use most, has just installed a digital price sign in lieu of the old-fashioned type like the one pictured above, from Greenwich CT.

That is a bad sign... pardon the pun. It also appears to have two spots to the left of the decimal point. Very bad sign.

[no_name]

$8.05/gallon in ireland

(if my calculation is correct)

E1.35/litre x1.573 ( E-$ exchange rate) x 3.78 (litres - gallons conversion)

[Tuike]

Heating oil future over 3.90

[lawnchair]

Front month heating oil trading north of $4 for the first time this morning. Actually $4.015.

That was fast.

[Zardoz]

Costa Mesa, California, this morning.

This is the first time I've seen anything over five bucks.

[Specop_007]

4.89 is Kansas City area. A bit under that depending where you go of course.

I filled up 1 or 2 days ago at 4.69.

[Peleg]

The EU is sitting pretty well right now. They're barrel/gdp dollar is very low compared to us. Alot of those countries do not need to increase oil supply to grow GDP (see Tertzakian.) China, India and the US rely heavily on increased consumption of oil to fuel GDP growth.

It will not take until next year, the super spike is going to be clearly manifest in just a few months (IMHO.) $225 and then a drop off to band trading with a mean in the $150-$160 range. At which point the American economy will be shedding jobs like crazy. Demand destrcution will either over correct and leave us less able to mitigate peak oil or it will chase supply as it slides down the other side of the peak. My guess is the second, that people will be reluctant to let go of the privileges of oil and so demand destruction will lag supply shortfalls all the way down. This is almost guaranteed if supply falls quick enough.

And yet with all this going in the American consumer is still not ready to wake up and make the necessary changes to save their own lives.

[frankthetank]

Diesel at $4.76 !!! This is nuts. I'd still take a diesel Jetta, but even with the mpg savings, your really not saving much if any. These guys that drive around in their big diesel powered trucks must be freaking out every time they fill up.

[DantesPeak]

There doesn't appear to be any letup in worldwide diesel demand. China is said to have recently increased diesel imports further, and there are diesel shortages reported this week in Yemen and a few other smaller countries (in addition to those below).

$this->bbcode_second_pass_quote('', '5')/12/08 Diesel Fuel News (Pg. Unavail. Online)

Diesel Fuel News
Copyright 2008 Hart Energy Publishing, LP.


World Power Supply Crunch Aggravates Diesel Shortage:

According to a Reuters report, rising electricity demand, aging power infrastructure and fuel shortages in developing countries are boosting global demand for diesel factors that could keep supplies tight and prices strong for another couple of years. The report cited a boom in use of diesel for electric generators in parts of Asia, Africa, the Middle East and Latin America. The report also cited shortages of natural gas in Chile and Argentina, a power crunch in South Africa, along with rising fuel demand in China and the Middle East as explaining the distillate boom piling on top of already robust diesel use in Europe for automobiles.

[Specop_007]

$this->bbcode_second_pass_quote('frankthetank', 'D')iesel at $4.76 !!! This is nuts. I'd still take a diesel Jetta, but even with the mpg savings, your really not saving much if any. These guys that drive around in their big diesel powered trucks must be freaking out every time they fill up.

[dukey]

diesel is now $9.88 per gallon here (uk)
no demand destruction yet

[Twilight]

$this->bbcode_second_pass_quote('dukey', 'd')iesel is now $9.88 per gallon here (uk)
no demand destruction yet

[Tanada]

$4.79 in Michigan.

This is death for the independent truckers, they are now losing money hand over fist.

[emersonbiggins]

$this->bbcode_second_pass_quote('Specop_007', '')$this->bbcode_second_pass_quote('frankthetank', 'D')iesel at $4.76 !!! This is nuts. I'd still take a diesel Jetta, but even with the mpg savings, your really not saving much if any. These guys that drive around in their big diesel powered trucks must be freaking out every time they fill up.

[frankthetank]

Were you storm chasing??? Do you have a 5 speed? Must have been doing about 90...

[emersonbiggins]

$this->bbcode_second_pass_quote('frankthetank', 'W')ere you storm chasing??? Do you have a 5 speed? Must have been doing about 90...

[Specop_007]

$this->bbcode_second_pass_quote('emersonbiggins', '')$this->bbcode_second_pass_quote('frankthetank', 'W')ere you storm chasing??? Do you have a 5 speed? Must have been doing about 90...

[emersonbiggins]

$this->bbcode_second_pass_quote('Specop_007', '')$this->bbcode_second_pass_quote('emersonbiggins', '')$this->bbcode_second_pass_quote('frankthetank', 'W')ere you storm chasing??? Do you have a 5 speed? Must have been doing about 90...