Will do and much appreciated. He’s in his 1st year, so lots of stuff is being thrown at him. He’s in San Diego waiting for his orders, which will probably involve the Lincoln. He was set to go and then this happened. Thank you for your service as well sir!
Oil news not good today
- Thread starter Bailey28
- Start date
Those were traded prices on the Chicago Mercantile.
4wd
$50 site donor 2026
China needs to buy oil on the global market instead of direct deals with rulers who benefit in some unsavory ways - all as the cash/jobs get sucked out of that local economy …
4wd
$50 site donor 2026
This doesn't account for fuel hedging by airlines nor the spot price at the pump. DIA the last time I checked wanted $8 a gallon.
Good morning and I hope you weren’t late for work (for those still in the rat race.) It’s official. WTI is trading above $100 USD.
1) I learned (correctly or otherwise) that the Saudis are rerouting the oil to be shipped....right through the Red Sea to come out the Gulf of Aden. Have the pirates been neutered?
2) If oil as a commodity is rising, why is it that diesel is disproportionately more expensive than unleaded? Someone who works in the supply chain business says that diesel at the pumps is competing with diesel in the mining industry and airlines. I don't think that mining production and air travel ramped up the past 10 days.
2) If oil as a commodity is rising, why is it that diesel is disproportionately more expensive than unleaded? Someone who works in the supply chain business says that diesel at the pumps is competing with diesel in the mining industry and airlines. I don't think that mining production and air travel ramped up the past 10 days.
From a couple of summers ago - my guess is the Europeans are buying up our spot to ship there. Same thing happened after the start of the Ukraine war - there desperate for diesel so our refineries push out as much as they can. It ultimately causes a glut of gasoline.
Its only by a few percentage points that they can shift - depends on the refinery and the crude there using. But yes the stuff is priced on the margin so maybe.
In 2022, the US exported 16.4 billion gallons of ultra low sulfur diesel...but we also imported 2.8 billion gallons of it.
Total US production of diesel was 73.46 B gallons
Total US consumption was 60.3 B gallons
Here is the heating oil traded price and also pretty much represents diesel. Don’t bother refilling your tank just yet! Mods, I posted this screen shot to show the actual price.
Crude oil now hovering around $100/barrel, spiking to $110..... I may park the Dodge Charger 5.7 and start driving the Veloster until oil prices come back down. Gas was $3.45-$3.55 for regular 87 octance here yesterday. Gasbuddy has prices at $3.59/gallon around here today.
How many miles do you drive a year? I mean how much money are we really talking?
After nothing but a weekend / closed market speculative driven frenzy, WTI is now lower than it was on Friday.
So much for the efficient market theory.
So much for the efficient market theory.
Think of it as a wee little self correcting bump, LOL
So much garbage being spewed by our press……
What is the best source for details of shipping oil in the area?
What is the best source for details of shipping oil in the area?
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3 week update for U.S. Fuel Cost.
Hello Folks, There is 3 weeks of data in the graphs below. With the recent events happening it's done no good to our fuel costs as Both Diesel & Gasoline have shown a substantial upward fuel price trend with diesel fuel hit the hardest.
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