Don't forget Sam Farr in Congress...I lived in Monterey for five years.
$3.44 for Diesel yesterday.
$2.19 for Regular.
I was watching the O'Reilly Factor the other night, and he posted an interesting statistic: while the price of oil has fallen about 49% in the last year, the price of gasoline has only fallen about 25%.
__________________ SFC Frederic Lynes 1971 Sovereign International 2004 F-350 King Ranch EX-WBCCI # 8371 AIR # 8239
I want you all to put your thinking cap on for this one.
One of the worst jokes ever on ALL of us Americans. Does anybody out there have any memory of the reason given for the establishiment of the DEPARTMENT OF ENERGY formed during the Carter Administration?
Anybody?
Anything?
NO? Did not think so!
Bottom line...We have spent several hundreds of Billions dollars in support of an agency the reason which not one person can remember. THE DEPARTMENT OF ENERGY WAS INSTITUTED ON 8-2-1977 TO LESSEN OUR DEPENDENCE ON FOREIGN OIL!!! Pretty efficient huh?
Now 31 years later the DOE has a budget of $24.2 BILLION a year,they have 16,000 employees and over100,000 contract employees!!!!
What a grate job they have done!!! HOW ABOUT THAT FOR A SLAP IN THE TAXPAYERS FACE?THEY THINK WE ARE ALL STUPID.
$2.619 at Safeway with 10¢ discount in Pueblo West, Colo., yesterday.
Wholesale gas closed yesterday at $1.48 and sweet crude in NY closed at $64.15. Retail gas should be around $2.30. A week or two ago the national average difference was around $1.25 and it's shrinking and eventually will come back to about 80¢ nationally. "Sticky prices" is the way retailers and distributers make some more money when prices come down.
Diesel prices are higher because there's more demand in Europe for diesel than there is for gasoline. Excess refined gas is shipped to the US from Europe, but there's little or no excess diesel to send to us. In the summer more gas and less diesel is refined in the US because there's more demand for it and people who use gas outnumber those using diesel—that could be about votes. While supply and demand is not the only factor in prices, it is part of it. Certainly it is used as an excuse by speculators, hoarders and monopolists. Trying to sort out the truth is difficult because of all the secrecy in the oil and gas industry.
It is inevitable that lower gas prices will mean more people drive, thereby increasing demand and prices. When is the only question. Lower fuel prices mean less incentive to develop clean domestic alternatives for energy, something we really need. I like paying less for gas as much as anyone, but I am concerned about the effect of lower prices for our future. Alternative energy costs more now, but with economy of scale it will be cheaper in the long run. I think it's an investment absolutely necessary now. I imagine the Dept of Energy would handle it. One reason it was created was to deal with nuclear energy and waste by the way.
The current lowering of the price of crude is in part the fact that those speculators that bought contracts 2 or 3 months ago now have to either sell them out or take delivery. Towards the end of the run up in crude oil what are known as "week hands" began to buy in. Those week hand are now in the position of either having to take delivery or sell out. Taking delivery on a tanker of crude in an apartment in New York is a bit tough. We will see oil drop a bit more before things get back to some level of normal.
Yes some countries in Europe are close to 80% diesel. But that demand came on line over years not months and just became a convenient part of the excuses we have been given for last summers spike in oil. Take a look at the current wholesale price of heating oil about $2.30. About the same product as diesel. How come we are not shipping that to Europe to support that strong demand?
For those who can remember the so called shortages of 73 at least they supported that fraud by causing lines in key places where the news media could take pictures. There is not a shortage unless someone is going without. Did any of you ever go without?
Oh yes the hurricane. If you watched the news just after the hurricane there was a Fox reporter standing just outside the Beaumont Texas refinery stating the plant was shut down and without power. The fact that every light on the refinery was lit behind him and the safety flare was burning very tall caused me to question his comments. Now there may have been disruption of capacity but I doubt it was there.
Well folks, just heard on our local Canadian station that the average price of gas in the US is $2.66 a gallon which equals 70 cents a litre here BUT we are paying 94.9 cents a litre for gas. Our dollar which had been at par during the summer is now worth only 76 cents US..
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I want you all to put your thinking cap on for this one.
Does anybody out there have any memory of the reason given for the establishiment of the DEPARTMENT OF ENERGY formed during the Carter Administration?
THE DEPARTMENT OF ENERGY WAS INSTITUTED ON 8-2-1977 TO LESSEN OUR DEPENDENCE ON FOREIGN OIL!!!
Pretty efficient huh?
THE FEW,THE PROUD,THE SQUARESTREAMER'S
FREE MEN DO NOT ASK PERMISSION TO BEAR ARMS,
AMERICA.LOVE HER OR SADDLE UP AND RIDE ON OUT.
WBCCI 8991
CHARTER MEMBER 4CU
1994 F-350 Crew 7.3 IDI Turbo, C6, Dually
Hybrid Mode
