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Old 02-26-2008, 09:50 AM   #29
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Hello.... We are paying $1.08 or more a litre for regular gas and Diesel is more expensive than that... glad we filled our truck and auxiliary tank and added stabilizer to it...
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Old 02-26-2008, 10:02 AM   #30
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Hey diesel guys on the edge, just averaged 13700 miles with 28 in tow and the number, 2.97 / gallon. Today filled up in Ft Collins with e85. 2.49/ gallon. Look at the overall reasons to own a diesel and shop the new generation of gas 1/2 tons and the reason to change will be very clear indeed. It seems always diesel is at least .25 to .50c more across the country.
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Old 02-26-2008, 12:55 PM   #31
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Diesel eliminates the ethanol - toluene - acetone dilutants the petrochemical companies feel the need to add to their product to reinforce their bottom lines to get rid of excess inventories, etc.

Minnesota gas is 10% ethanol, soon to be 15% (20%?) and we get a huge mileage LOSS because of it. Sure on paper it reduces the cost to fill up the tank but hunting the next station comes much sooner. The only plus to Ethanol here is IF they ever turn off the importation of 'Petro' for any reason, MN will still have some fuel for emergency services etc. It would be a truly scary day when Canada can't sell us oil!!

On local gas I am lucky to get mid-14's mileage on an empty F-150 cruising southbound on the Interstate. With Missouri non-alcohol blended gas 18mpg is common on trip home, I've seen 20mpg with a strong tailwind.

If we add back in that 16% mileage penalty our $2.92 regular becomes $3.28; I just found a station selling 'classic car or recreational use only' pure petroleum hightest for $3.38 a gallon (beats Marina gas prices by 40-cents!) and I've used that in snow-throwers, mowers, blowers, etc just to extend run times!

I am looking forward to the next-gen diesel engines!


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Old 02-26-2008, 01:02 PM   #32
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Quote:
Originally Posted by Beginner
The Six thirty news (NBC National news, CNN, ABC, CBS) always refers to "posted Profits" not revenues.
Beginner
Yes - the news outlets display total ignorance about the relationship between revenues and profits. "Record Profits" out of context is much more newsworthy to that kind of reporting.

Pat
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Old 02-26-2008, 01:06 PM   #33
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Pat... In relation to our Loonie compared to the US dollar, we have been paying for years on an increased US dollar it is time for us be at par for a change..
I agree that our northern friends have been at a disadvantage for a long time. While it is good for Canadians that we are managing our currency worse than they are, we are both falling behind in terms of the euro.

In the mean time, it is a great opportunity for our Canadian friends to come South and enjoy the strength of the loonie down here. And I'm always glad to meet them.

Pat
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Old 02-26-2008, 01:12 PM   #34
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Originally Posted by Minnie's Mate
Middle Eastern countries deal internationally in U.S. Dollars for crude oil, not gold. A deflated dollar only benefits the European, Pacific, Canada, South American, and Asia countries. It is detrimental to the Middle Eastern and Caribbean and other nations that tie the value of their currencies to the U.S. dollar.
Well, sort of. The reason they are charging so much more for the barrel in dollars is that the dollar has fallen so much. Suppose you owned oil and the value of the currency declined - wouldn't you require more of that currency before you'd accept the deal? That was my point...if our currency had remained stable as a store of value, the number of dollars required would not have increased so much. So combine an inflated dollar and skyrocketing demand and the results are as predictable as gravity and sunrise.

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Old 02-26-2008, 02:24 PM   #35
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Why

Countries of power, like we used to be, produce/manufacture goods.
A large majority of our manufacturing (jobs) has left for overseas.
Workers have lost their jobs and cannot find work/are not paying taxes.
Large multitudes of peoples are on the public dole, have been for generations and have no intention of getting off the dole.
A very large number of us are baby boomers and are getting ready to retire/make far less money than while working.
A point is comming soon where there will not be enough people working to keep the "dole" pot funded.
(I'm gonna get in trouble for this one)
Then the politicians in Washington will have to figure out a different way to buy votes for the next election, (one party more so than the other)like canceling NAFTA, abondaning the free route between Mexico and Canada (which will only be a drug delivery corridor) and enticing manufacturing back into this country.
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Old 02-26-2008, 04:00 PM   #36
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Actually, the oil business is not that profitable compared to many other industries. Its just that the "Big Oil" sells many more times gallons at 7 or 8 percent "profit" than your company does that makes 20% profit. Would your accountant be thrilled if your company was making 7 or 8% profit?
Just a thought: Go out and produce your own oil. You can do it, lots of land out there available that's not locked up from drilling. Nobody is preventing you from doing it. Just small details, like price of the drilling rig. Drilling dry holes about 20 times until you come up with your special dowsing rod that says "drill here" for oil. Cost of leasing the land from the land owner. Giving the land owner 1/8th of whatever comes out of the ground. Then giving another 7 or 8% "advaloreum" tax to the state. Then paying "your fair share" to the fed.
Go to eastern Kansas, or maybe Ohio, where wells are relatively shallow and you can drill a small stripper well for less than the deeper wells in Texas. There are a lot of small privately owned oil companies in the US needing investors to share in the cost of drilling, go do it instead of being the victim. Buy a 1/16 or 1/8 working interest in some wells and be an big bad "oilman".
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Old 02-26-2008, 04:38 PM   #37
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Quote:
Originally Posted by Beginner
Countries of power, like we used to be, produce/manufacture goods.
A large majority of our manufacturing (jobs) has left for overseas.
Workers have lost their jobs and cannot find work/are not paying taxes.
Large multitudes of peoples are on the public dole, have been for generations and have no intention of getting off the dole.
A very large number of us are baby boomers and are getting ready to retire/make far less money than while working.
A point is comming soon where there will not be enough people working to keep the "dole" pot funded.
(I'm gonna get in trouble for this one)
Then the politicians in Washington will have to figure out a different way to buy votes for the next election, (one party more so than the other)like canceling NAFTA, abondaning the free route between Mexico and Canada (which will only be a drug delivery corridor) and enticing manufacturing back into this country.
Beginner
I agree whole hartedly with "countries of power manufacture/produce goods". That statement was a principle in capitolization and economics taught in ever college in the country a few decades ago. What was also taught is the fact..based on history...when a country is NO LONGER a major manufacturing/producer of goods it becomes a service industry based economy. HISTORY says....along with some very famous enconomists of the past...if you're economy is based on the service industry you are soon to be a THIRD WORLD COUNTRY. Our corporate leaders have sold us down the road for fast board room profits to a small percentage of the population. All the while making it seem warm and fuzzy saying We are giving jobs to the rest of the world so they can buy our products. We can't be the
money launderers for the rest of the world and survive forever. When that happens 20 pecent of the population will be rich and the rest will be in poverty.....does third world country mean anything to anyone YET?????
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Old 02-26-2008, 04:39 PM   #38
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Hello Pat.... We love to go south for the winter but we are staying here because Costalotta was not ready for us . My hubby Marvin is from West Virginia... my second home ... I love it there... Hope to meet you sometime...Annie
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Old 02-26-2008, 04:43 PM   #39
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Sorry,,,didn't mean to hijack the thread. I wanted to say...did you know gas prices are controlled by wall street futures and has little to do with supply and demand. I just heard that on a radio talk show. It came from a long time senator from somewhere on the EAST coast.
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Old 02-26-2008, 06:40 PM   #40
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Quote:
Originally Posted by DFord79
...did you know gas prices are controlled by wall street futures and has little to do with supply and demand.
Wall street is "Suppy and Demand headquarters"
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Old 02-26-2008, 07:16 PM   #41
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Gas

Yes Wall Street is, and when left unchecked they will plunge us into a severe depression.
This has happened before, the last time being
October 1929.
Those who fail to learn from history are doomed to repeat it. - George Santayana
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Old 02-27-2008, 08:09 AM   #42
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Good morning. I would ask members to follow guidelines in the Community Rules posted at the bottom of every AIR Forums page. Ask a mod if you have any questions. Some posting here got pretty bumpy last night. Please be nice. And our no politics rule will be enforced all year long, any year and every year.

This is a subject that I watched with interest in 2006 when the oil companies were fighting ULSD regs and first flipped diesel prices above gas. Conspiracy theory? The supply of oil in this world will no longer take upward quantum leaps. Demand is growing. I saw an article saying some areas might see $4/gallon this spring. Good thread Tin -- karma to you (but sadly not our fuel tanks).
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