Community Forums

Bigd9 · 11-30-2018, 06:49 AM

Quote:

Originally Posted by garym114

Enjoy these prices while you can. In 2020 the oil industry is in for some volatile changes.
New U.N. International Maritime Organization rules for the global shipping fleet are going to go into effect. Ships will have to use fuel with a sulfur content of no more than 0.5 percent, compared to 3.5 percent now, unless a vessel has equipment to clean up its sulfur emissions.
Can refineries meet this changing demand, that is the question. You can be sure things are going to change,

Thanks for the interesting post. I was not aware of this but kind of figured it was coming someday.

Here is a link to a article on it if anyone is interested:

https://www.reuters.com/article/us-s...-idUSKCN1II0PP

rrtribble · 11-30-2018, 08:22 AM

Excesses, by not keeping your tanks filled you are inviting condensation which adds water to the fuel creating engine problems from the water and long term algae and rust. The cost of diesel doesn't even equate to the cost of repairs I could be spending.

Best wishes - Richard

Crasher · 11-30-2018, 09:34 AM

According the the Social Security Administration, the average wage in 1960 was $4007. In 2017, it was $50,000. That's 12.5 times higher than in 1960. The average cost of gas in 1960 was $.31/ gallon. If gas had increased at the same rate as wages, it would cost $3.87 today without any of the tax increase from 1960. The Federal and State gas taxes range $.31 in Alaska to near $1 in PA. Actually at today's gas prices we are paying a smaller percentage of our income than we did in 1960.

dennis45 · 11-30-2018, 09:39 AM

Quote:

Originally Posted by Crasher

According the the Social Security Administration, the average wage in 1960 was $4007. In 2017, it was $50,000. That's 12.5 times higher than in 1960. The average cost of gas in 1960 was $.31/ gallon. If gas had increased at the same rate as wages, it would cost $3.87 today without any of the tax increase from 1960. The Federal and State gas taxes range $.31 in Alaska to near $1 in PA. Actually at today's gas prices we are paying a smaller percentage of our income than we did in 1960.

You're right, now if we could only get the price of water in line,,,,,

DryCreek · 11-30-2018, 06:22 PM

Quote:

Originally Posted by garym114

Enjoy these prices while you can. In 2020 the oil industry is in for some volatile changes.
New U.N. International Maritime Organization rules for the global shipping fleet are going to go into effect. Ships will have to use fuel with a sulfur content of no more than 0.5 percent, compared to 3.5 percent now, unless a vessel has equipment to clean up its sulfur emissions.
Can refineries meet this changing demand, that is the question. You can be sure things are going to change,

Currently available ULSD is currently running about 100 times lower than that (0.005%). It's no different for on-road or off-road applications. The only difference is dye color (red for untaxed farm use, green for home heating use, blue for marine use) to signify the amount of taxes included at sale.

TexAg · 11-30-2018, 07:27 PM

Paid $1.86 in Ft.Worth Tx. two days ago.

Mr_D · 11-30-2018, 07:54 PM

Quote:

Originally Posted by 8.3Oilbuner

Hi to all; Come here to Washington State near the Seattle/Tacoma area and prepare to be shocked. The Chevron up the street from me is $3.39 for unleaded. Diesel is $3.39 to $3.49 and higher. Been watching fuel since the embargo of 1973. What else can I say except, Wow, $1.93. Let me get my tanker ready and I will stock up! To all, have a great evening!

Here in Vancouver, WA Shell unleaded cash price is 3.599, even ARCO is 3.059 cash.

Unicorn Driver · 11-30-2018, 08:03 PM

2.13$ for unleaded in MI today. Diesel about 3.20$.

I only drive 3000 miles so my fuel costs are low.

Wundertaker · 12-01-2018, 06:48 AM

I'm from Michigan...on our way to yuma arizona for 3-4 months. Paid $2.94 for diesel near houston and $3.79 near el paso. Getting around 8.5 mpg at around 4,200 feet as we leave Texas.

The fuel stops hurt abit right now, but the pain will be over shortly....til spring!

lfcjasp · 12-01-2018, 07:47 AM

We'll be rolling anway...like one poster said, we got the thing to roll (and camp in) so roll we will. Closer to home and maybe much longer stays.

RayChez1 · 12-01-2018, 04:09 PM

Here in California diesel was close to $4.00 per gallon. It it goes over $5.00 it would concern me a little. It is really uncalled for because we have more oil then Saudi Arabia. I am retired from the railroad now, but I still see train after train loaded with oil.

But these oil companies will turn refineries down just to manipulate the prices. They got us under a barrel.

dennis45 · 12-01-2018, 04:22 PM

Quote:

Originally Posted by RayChez1

Here in California diesel was close to $4.00 per gallon. It it goes over $5.00 it would concern me a little. It is really uncalled for because we have more oil then Saudi Arabia. I am retired from the railroad now, but I still see train after train loaded with oil.

But these oil companies will turn refineries down just to manipulate the prices. They got us under a barrel.

Here's a little food for thought.

Back when the earth was cooling and gasoline was 0.25/+_ per gallon, what was your hourly wage and how much was a bottle of coke, or a beer?
Now compare that with today's hourly wage, the cost of a gallon of gas or a bottle of coke? Or bottled water for that matter.....

Which one is the less expensive to produce?

See my point?

Bigd9 · 12-01-2018, 05:10 PM

The price of gasoline just dropped some more to $1.89 a gallon, and diesel was $2.87 a gallon here in the Bluegrass State. My Sister and Brother in Law are due here for a visit from Los Angeles, Ca. Won't they be surprised at the fuel prices.

udid · 04-06-2019, 01:47 PM

Quote:

Originally Posted by Crasher

According the the Social Security Administration, the average wage in 1960 was $4007. In 2017, it was $50,000. That's 12.5 times higher than in 1960. The average cost of gas in 1960 was $.31/ gallon. If gas had increased at the same rate as wages, it would cost $3.87 today without any of the tax increase from 1960. The Federal and State gas taxes range $.31 in Alaska to near $1 in PA. Actually at today's gas prices we are paying a smaller percentage of our income than we did in 1960.

Big if factor....

Both SS and wages for many years simply did not get the increase/s that they should have. States have zero business taxing fuel. Zero.