Community Forums

mikebrls · 02-21-2013, 06:02 PM

next election the price will drop again

Hooligan · 02-21-2013, 07:58 PM

Quote:

Originally Posted by stuhly

Quit sending our fuel overseas would help alot.

It's a world market, ships bring oil here, we send refined product back and make money for refining, we buy refined product overseas and send oil back.

After the 73 oil embargo, the Strategic Oil reserve was started to buy oil from overseas (Foreign oil was good then) and store it in the salt domes in Louisiana and also use it domestically so that when the rest of the world ran out we would still have our oil wells and the reserve. (That was actually a factor in the discussion on developing the Strategic Reserve and the LOOP. [Louisiana Offshore Oil Port])

How did that work out??

FleetMan · 02-21-2013, 08:47 PM

Other factors to consider if you are serious and not just complaining based on emotion: The War on Fossil Fuels, Resources on "Federal Land" unavailable for exploration and extraction, Never ending regulations which constrain exploration and refining, Already mentioned - lack of refining capacity and refineries shutting down because of the cost of new regulatory requirements, No new refineries built in almost 40 years, And since oil is traded in US dollars it gets more and more expensive as our dollar loses value because the Fed continues to print money with nothing to back it up - inflation which does not get reported in government inflation statistics.

And also as mentioned, Supply and Demand. Increase supply by all means possible and the prices will go down. In a free market economy (something we really do not have) the Laws of Supply and Demand have always worked when they are allowed to.

Showkey · 02-21-2013, 08:58 PM

Diesel competes with home heating oil in the fall and early winter.............spring is near and diesel is now less than 5% more than gas. Happens most years and the break comes at different times depending on the severity of the winter.

palehorse89 · 02-22-2013, 03:45 AM

Now there is mention again of the cost of ethanol for the gas blending, shortage of corn for making it around our plant, who do you think is going to assorb this increase? changing weather around the country,1000's of acres of farm land dryed up, beef and other meats going up.........where does it end?

sportscoach1 · 02-22-2013, 06:41 AM

I have spent time in the Williston Area and have seen what is going on with our oil drilling operations and have talked to the ranchers. Our State Dept. will not let U.S. Companys drill but others (Canadian) companies are drilling. Also Hillary and Obama will not approve the Keystone Pipeline. In a Gov. report we could have oil out of the ground at $16. per barrel. It is about time we stand up and demand answers. GOD BLESS THE USA. We have billions of barrels if not trillions of barrels in the Williston Area.

Sky_Boss · 02-22-2013, 06:48 AM

Quote:

Originally Posted by mikebrls

next election the price will drop again

Really? MEH

mgscott4 · 02-22-2013, 07:11 AM

Right now the fed is printing more money, this lowers the value of our dollar so oil costs more on the open market. That is why we are seeing gas prices increase over the last 30-45 days.

powerboatr · 02-22-2013, 09:50 AM

we paid 3.99 yesterday in hillsboro texas
after we passed many that were 4.19 and up

a 4 dollar season will surely make us stay closer this summer

Davdeb1 · 02-22-2013, 11:27 AM

Just yesterday there was a big story about the big oil shale discovery on BLM land in California.
I'm sure there will be a lot of protests about this, but the govern,meant is already selling leases.

All things considered, just figure in your travel budget about $5 a gallon, and all the complaining in the world won't change it. The ONLY thing that will bring down oil prices is a world wide economic collapse.

We all knew that our hobby sucked a lot of fuel when we got into it.

PyrateSilly · 02-22-2013, 06:57 PM

We are drilling more and keeping more here in the US. As a matter of fact we now produce way more here then ever before. The Chinese are actually the ones that are using way more than we are, we are using way less.
If you think the feds have anything to do with prices you are sadly mistaken, it's all on the speculators that got deregulated lots of years ago. Now they can do what they want.
I see blaming the president when the price goes up but nothing when the price goes down. Anyway the president nor congress nor the senate (no matter the party) has ANYTHING to do with prices of gas or diesel going up or down.

TXiceman · 02-22-2013, 07:07 PM

Supply and demand...they supply the gasoline and diesel and them they demand the money....

Ken

StevieG · 02-22-2013, 07:26 PM

Quote:

Originally Posted by PyrateSilly

If you think the feds have anything to do with prices you are sadly mistaken, it's all on the speculators that got deregulated lots of years ago. Now they can do what they want.
I see blaming the president when the price goes up but nothing when the price goes down. Anyway the president nor congress nor the senate (no matter the party) has ANYTHING to do with prices of gas or diesel going up or down.

While I agree... I feel the government is turning a blind eye because the higher the price of fuel, the more tax dollars the government collects per gallon... So in actuality, it is NOT in government's best interest to do anything to help relieve its citizens gas woes.

Also, if you MH guys think you have it bad, just be glad you don't own a twin engine boat... I have a 41 ft flybridge that holds 520 gals of fuel, burns 30 gals an hr. on cruise, and does 20 miles an hr. At $4.50 gal on the water, it costs me $135 hr to go 20 miles! In my DP, I can go about 250 miles with the same amount of fuel...

Muddypaws · 02-22-2013, 07:41 PM

Since I retired I went to work for a national medical foundation as a volunteer. So yes indeed, I do work for a lot less than I could get.

This country runs on diesel.

When the price of diesel reaches intolerable levels one or more of the many budding technologies for making it out of sewage, old wood, lawn clippings, alge, French fry oil or whatever will take over.

What we really need is the 'Mr Fusion' adapter from Back To The Future.

I have a friend who brews his own diesel in his garage. It's not difficult if you have a source of good used fry oil. Would I burn it in a motorhome? NO WAY!