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Old 02-16-2009, 02:20 PM   #1881
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Haven’t had the truck out since the last ski trip 2 weeks ago, gettin’ ready to head out again so I went to the fuel station to top off; deezul = $2.34/gal, petrol = $2.18/gal. Looks like the differential between gas and diesel is closing again.
Hard to believe but diesel cost less now than when we bought the truck 3 years ago!

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Old 02-17-2009, 05:26 PM   #1882
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1.70 for reglar here in Cooterville, TN. USA.
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Old 02-17-2009, 06:06 PM   #1883
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Diesel dropped below $2 for the first time in a loooooooong looooooooooooong time here today. ~G
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Old 02-17-2009, 10:59 PM   #1884
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2.30 here in SF Bay area while crude futures drop below 35. Nice to see someone is making money in this economy...
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Old 02-18-2009, 04:50 AM   #1885
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While it's drops in other parts of the country, it seems to be on the slow rise here in NH..
Diesel is still 2.49$ and, regular gas (87) is now 1.89$...The lowest, I recalled seeing on regular (before it started climbing again) was 1.73$...
Not bad, considering some oil refineries are shutting down for repairs..
Enjoy your day..
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Old 02-18-2009, 04:55 AM   #1886
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Regular gas hit the bottom in Phoenix at around $1.37 a few months ago. It has been on the rise since then and is currently at the $2 per gallon mark.
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Old 02-18-2009, 05:02 AM   #1887
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Diesel $2.35
Regular $1.83
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Old 02-18-2009, 05:12 AM   #1888
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Diesel here in south east PA has been holding steady at $2.499 for a few weeks, which is making me happy. High test is creeping up to $2.40 and beyond. I can only hope the price stays down for the summer camping season.

I still have two 5 gallon jerry cans of $5.00+ diesel at home that I bought last summer. I am waiting for diesel to go that high again to use it so I won't loose anymore money. That stuff is like liquid gold.
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Old 02-18-2009, 07:11 AM   #1889
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Diesel is still $1.98 here.
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Old 02-18-2009, 10:06 AM   #1890
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Originally Posted by DEITZ645 View Post
I still have two 5 gallon jerry cans of $5.00+ diesel at home that I bought last summer. That stuff is like liquid gold.
That's right, Deitz. That's special extra high quality fuel that's worth every penny of those $5. I had a similar problem with two 5 gallon cans of gas that I bought when prices were high because I could get it 30˘ cheaper than nearby when I was in the metroplex of Grand Junction, and then watched the price drop and drop. I gave up waiting, put it in the truck and it sure loved that special quality stuff.

Regular around here has been from the $1.70's to $1.90's, depending on which town you're in. The difference between the high priced small towns and the metroplex has been compressing. Lately Safeway's prices have been higher than City Market (Kroger) and Sam's Club has been pretty much the same as City Market and Bradley (the Colorado discount chain that usually has the best prices other than the supermarkets). One reason for being a member of Sam's was they had consistently low gas prices, but they don't anymore, so we're saving $40/year and dropping the membership. Their prices aren't that good on other things and quality is often suspect. We're hoping for a Costco.

OPEC's drops in production are barely keeping up with the global drop in use, but refinery closures in the US are keeping up the price of fuels. The refinery companies say they are doing maintenance, but they know how to create a tight market and keep prices and profits up. Nonetheless, when figuring in inflation, gas prices aren't that different from years ago, though diesel is much higher.

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Old 02-18-2009, 10:41 AM   #1891
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Paid $5.56 today in the EU. Makes $3.00 look pretty good.
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Old 02-18-2009, 11:08 AM   #1892
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......OPEC's drops in production are barely keeping up with the global drop in use, but refinery closures in the US are keeping up the price of fuels. The refinery companies say they are doing maintenance, but they know how to create a tight market and keep prices and profits up. Nonetheless, when figuring in inflation, gas prices aren't that different from years ago, though diesel is much higher.

Gene
I wondered what the excuse was this time. Prices got all the way down to $1.40 here in the Atlanta area around Christmas. Now they are in the $1.80 range. You, know, I'm really starting to believe that Oil Company executives actually are bottom feeders. The last thing the economy needs right now is another huge run-up in energy prices. Maybe one of our loud mouth politicians can do something about it. Nah, what the hell am I thinking. Good grief.

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Old 02-18-2009, 11:28 AM   #1893
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You, know, I'm really starting to believe that Oil Company executives actually are bottom feeders.
Jim
Jim, you have to know which oil company execs to blame. The big oil companies sold off many of their refineries years ago because profits at that level were low. Valero bought a lot of them.

This from Wikipedia:

"Valero Energy Corporation (NYSE: VLO) is a Fortune 500 oil and gas refining and retail company based in San Antonio, Texas. The company owns and operates 18 refineries throughout the United States, Canada and the Caribbean with a combined throughput capacity of approximately 3.3 million barrels per day, making it the largest refiner in North America.[1] Valero is also one of the nation's largest retail operators with more than 5,000 retail and branded wholesale outlets in the United States, Canada and the Caribbean under various brand names, including Valero, Diamond Shamrock, Ultramar, Shamrock, and Beacon.

"Valero also retails gasoline branded as Valero, Shamrock, Diamond Shamrock, Ultramar, Beacon, and Total (under license from Total S.A.). While this arm of the company is the most visible to the public, it is, according to CEO Bill Klesse, "a very small part of [Valero's] operations"[1].

"Valero is gradually shifting its focus from being a discount gasoline brand to becoming a premium brand. As part of that shift, Valero has begun to rebrand its Ultramar, Beacon, Total and Diamond Shamrock stations to the Valero brand. The Beacon and Shamrock brands are used by retailers as a low cost alternative to the premium Valero brand. (The Shamrock brand, in the Valero empire, is based on the former Shamrock Oil and Gas Company, which merged with Diamond Alkali in 1967 to form Diamond Shamrock.) The name Ultramar, while being eliminated in the U.S., will still be used as Valero's brand name in Canada. Valero introduced its updated Corner Store retail concept on December 28, 2007, opening the company's first 5,500-square-foot (510 m2) prototype in western San Antonio."

This entry may be out of date. This is not a good time to be going premium. Another site says they have 17 refineries and capacity of 3.1 M barrels/day.

It's the largest independent refiner. Valero closed a couple of refineries last month. For quite a few years refineries deferred maintenance as they were running full bore to keep up with demand, so some maintenance is needed. If someone wants to spend more time researching, it wouldn't be too hard to find out how many refineries are closed right now and what the market share each refining company has and how much each has cut back. If the big companies have each cut back equal to their market share, that doesn't necessarily show collusion. It could show clever marketing, or there could be phone calls between them that are impossible to trace. That's today's research project. I'm going to work out.

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Old 02-18-2009, 02:41 PM   #1894
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The "big" oil companies are not to blame. All of the "big" oil companies combined only control about 6% of the market and therefore have little influence on pricing. Not to mention most of us have stock in these companies through 401 Ks and mutual funds. I don't think you really want them to fail or do badly in the market. If you want to be angry with someone be angry with the governments of the countries with the national companies who control most of the market (most of which don't like us). Even then the market and supply and demand have more to do with it than anything else. At least that is my humble, woefully uninformed opinion.
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Old 02-19-2009, 03:30 PM   #1895
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Diesel at 2.34$.
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Old 02-19-2009, 03:32 PM   #1896
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$2.24
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Old 02-19-2009, 03:40 PM   #1897
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Old 02-19-2009, 06:26 PM   #1898
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diesel Valdosta Ga 1.79
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Old 02-19-2009, 09:27 PM   #1899
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Look at the bright side.
The high price of fuel keeps some of the riff raff off the road.
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Old 02-19-2009, 09:37 PM   #1900
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Costco. Regular unleaded 1.90 Chevron Regular 2.19 Chevron Diesel 2.29

While unleaded had gone up approx. 50 cents a gallon diesel here has stayed the same price. Diesel has been running about 90 cents a gallon more than regular unleaded until just recently. Another teaser for diesel users???
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