fuel price BS - PowerStrokeNation : Ford Powerstroke Diesel Forum
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post #1 of 111 (permalink) Old 07-27-2007, 08:00 AM Thread Starter
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fuel price BS

SO gas drops 10-15 cents and diesel goes up 10-15 cents all within one week.Typical PMO crap.

2.97 reg gas
2.95 diesel

I pumped some B20 the other day but pac pride don't tell you there prices till you get the bill and they are always 10 cents higher then local pump prices.There is no local Bio and I had to go across the border to get it.


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post #2 of 111 (permalink) Old 07-27-2007, 03:15 PM
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Re: fuel price BS

That Law of Supply and Demand thing just will not be denied.

Thirty years ago the US had 40% reserve refining capcity. Today we have to import refined product just like crude. When the government forces old refineries to close and will not allow building new ones or expansion of existing ones, less supply is the natural result. Less supply + more demand = higher prices. It always works that way.

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post #3 of 111 (permalink) Old 07-27-2007, 10:40 PM Thread Starter
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Re: fuel price BS

Yep figured that just venting.Wonder how that happen would love to buy into the oil industry about 5 yrs ago.
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post #4 of 111 (permalink) Old 07-27-2007, 10:44 PM
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Re: fuel price BS

Well it just sucks that diesel is the first cut to make and it is costing us out the ass. I have a big truck and am dreading filling up both tanks here in a few weeks. Truck has dual 150 gallon tanks, Oh well gotta spend it to make it.

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post #5 of 111 (permalink) Old 07-28-2007, 09:55 PM
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Re: fuel price BS

I can drive around locally and find diesel selling for such different prices it doesn't make sense at all. Some higher, some lower...it doesn't make sense (cents).


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post #6 of 111 (permalink) Old 07-29-2007, 02:09 AM
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Re: fuel price BS

I paid 2.79 today then got on the freeway and saw it for 2.67 I was pissed to say the least.

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post #7 of 111 (permalink) Old 07-29-2007, 02:30 AM
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Re: fuel price BS

still confused about oil company profits being over 10 bilion....??? thanks george w.....

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post #8 of 111 (permalink) Old 07-29-2007, 02:31 AM
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Re: fuel price BS

Quote:
Originally Posted by bigrpowr View Post
still confused about oil company profits being over 10 bilion....??? thanks george w.....
YEP!

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post #9 of 111 (permalink) Old 07-29-2007, 11:20 AM
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Re: fuel price BS

Shoot back home in Virginia Diesel is 2.63 and gas is still in the 2.90's thank god.

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post #10 of 111 (permalink) Old 07-29-2007, 06:20 PM
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Re: fuel price BS

The oddities and often rapid changes in price are completely in line with a system that has no reserve. Every little upset causes tight supply and price spikes.

This situation has been brewing for exactly thirty years. In 1977, an environmental regulation called New Source Review was implemented by the EPA. I can even give you the regulatory cite - 40 CFR 52.21. If you have severe insomnia, call me and I'll explain it, but the way it has been applied has served to completely halt energy infrastructure and heavy industrial development in its tracks every since 1977.

Think about this: From the time Col. Drake hit oil in Titusville, PA in1857 until 1977, there was at least one refinery built (often scores) in every decade. Through the Civil War, the Indian wars, the Spanish-American War, world War I and World War II Korea and Vietnam. the oil industry kept adding capacity and modernizing refinerys. Refineries were built during the "Panics" and "Depressions" of the late 1800s and there were even a few refineries built during the Great Depression. The Great Depression, for pete's sake...do times get harder? but they still built refineries. But New Source Review trumped all of that. New Source Review made it illegal as a practical matter to build a new profitable refinery or expand anexisting refinery. Other programs caused about a third of the refineries existing in the US to be closed down.

Further, since 1977, the population and the GDP and energy use in the US have increased substantially in those thirty years. An industry that had 40% reserve now have negative reserve. The US now imports refined product as well as crude oil. Given that fact there is no reserve and demand continues to go up, it is surprising the prices are as low and as stable as they are.

BTW, New Source Review is largely responsible for a lot of US industry going offshore. No new base load power plants, integrated steel mills, chemical plants or plastics plants have been built since that accursed year.

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