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Old 03-17-2010, 12:58 PM   #1
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PRICE of FUEL

I copied the following from another forum and this guy is pretty reliable.

Guy's just got off the phone with a diesel fuel futures seller he told me fuel will be 4 bucks + a gallon before Dec.
Sun Oil has shutdown the refinery in NJ and has the one in Tulsa for sale and it is off line and Valero has closed 1 in Delaware along with Chevron cutting production fuel is going up.
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Old 03-17-2010, 01:34 PM   #2
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Yes our company has been told by our fuel supplier to expect $3.25 to $3.85 a gallon gasoline over the summer driving season and a $3.00 to $3.35 year end price.
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Old 03-17-2010, 03:49 PM   #3
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Well, looks like my plan to stay home is going to be paying double. Glad I decided to live where going home is going back to camp .
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Old 03-17-2010, 03:51 PM   #4
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Quote:
Originally Posted by 85Eagle View Post
Guy's just got off the phone with a diesel fuel futures seller he told me fuel will be 4 bucks + a gallon before Dec.
If you believe that, have your broker go to NYMEX and buy futures...

Rusty
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Old 03-17-2010, 05:07 PM   #5
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The price of fuel only bothers me when I have to purchase some.
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Old 03-17-2010, 05:56 PM   #6
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I know this is no consolation when you go and fill up you coach tomorrow, but I thought that you may find this interesting:

In Denmark, where I normally live, the price of gas have also gone up the past few weeks. Today, 1 gallon of regular gas is 8.45. That is why I normally drive a Volvo V50, 1.6 Litre diesel engine doing 63 miles per gallon.

"Lawnmower engine" I hear some of you saying ! Not at all. Plenty of torque and plenty of power for overtaking. It can be done and the fuel saving options are available today - and this is without going electric.
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Old 03-17-2010, 09:25 PM   #7
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I personally believe that the technology for higher miles per gallon have been available for years, but there is a cooperation between auto industries and petroleum refineries that the technology will not be forthcoming.

I also believe that the only reason for prices as they are is GREED.
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Old 03-19-2010, 10:20 PM   #8
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It's bunch of bull............a racket.
Just like the insurance companies got you by the whatevers. You cannot not win in this game. ~Brenda~
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Old 03-19-2010, 10:48 PM   #9
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Instead of complaining and pointing fingers, watch the world markets, the commodities traders who care nothing about the end user, the value of the dollar, government regulations and restrictions, actual industry profit margins vs. actual operating costs, etc. There are a lot of factors to consider in real world operations. We have the resources, they are intentionally kept off the market by a number of different forces!
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Old 03-20-2010, 12:44 AM   #10
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They will then report record profits at the end of the year just like always and the same as the insurance companies.
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Old 03-20-2010, 01:22 AM   #11
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They will then report record profits at the end of the year just like always and the same as the insurance companies.
Sometimes it just doesn't pay to try to exchange information of a serious nature! Citing bumper sticker slogans and accusations are fine for stirring up emotions. That tactic is used because a serious discussion of the pertinent facts and information will almost always disprove the emotional argument.
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Old 03-20-2010, 06:02 AM   #12
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It was interesting when Valero lost their rear last quarter that it was never on the news. Let them make 6-8 % return on their investment and all heck breaks lose. Exxon may make billions but look what they invested to do that. And they aren't guaranteed to make a nickle.
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Old 03-20-2010, 07:24 AM   #13
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iRV2 has a strict rule that political discussions are not allowed - a rule that I support strongly. Having said that, there's no way that I can discuss what's coming down the pike without bringing our current government's proposed energy policy into the discussion. Rather than do that, suffice it to say that, if the changes that are being proposed take effect:

1. Onshore U.S. energy supplies will decline

2. U.S. energy prices will rise markedly not just because of declining supply but also as the added taxes and costs imposed on the producers and refiners are passed through to the ultimate customers

3. Energy exploration and production will, by and large, move out of the United States

4. Many tens of thousands of high-paying U.S. jobs in the oil and gas exploration, production and refining sectors will be lost as these activities move overseas

5. Oil and gas technology and equipment suppliers will follow their customers out of the United States as well with the attendant job and tax base losses

What this means for the U.S. energy consumer is higher energy prices, decreased energy supplies and higher dependence on non-U.S. sources for oil, natural gas, refined products and petrochemicals. The U.S. will no longer be the technology leader in the oil and gas sector.

I guess I'm fortunate - I've spent my entire life in the "awl bidness" and am close to retirement. Those that are younger than I are in for a very rough ride - as is the United States of America. Buckle up and hang on!!

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Old 03-20-2010, 07:57 AM   #14
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I've spent my entire life in the "awl bidness"

Rusty
...and what a ride its been.
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