Sound Off on Current Diesel Price

ProfBrown

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Is that the same electric company that got the state to allow them to pass the expenses of the legal fees onto its customers?


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romad

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Yep! The Public Utilities Commission, who approved that, is one of the most corrupt agencies in the state. It is basically the lapdog of PG&E, SoCal Edison, and SDG&E. I've never heard of it turning down a rate increase request. And as the number of EVs increase, I expect them to use that as a justification for even more electrical price hikes. You think the oil companies and their price hikes for diesel & gasoline are excessive, they will be pikers compared to the major electrical companies in these United States in the upcoming years.
 

El Dobro

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Meanwhile, the electric company here is requesting their almost monthly price hikes. Oh, they have also pled guilty in the 85+ Camp Fire deaths since it was their poorly maintained equipment that started the fire.
My electric company is pretty good. They recently had a 2.18% price increase, but they tell me on each bill that I'm averaging using anywhere from 13 to 20 percent less electricity than the same period last year and that's with two plug-in cars. Right now, they owe me money.
 

TornadoRed

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Yep! The Public Utilities Commission, who approved that, is one of the most corrupt agencies in the state. It is basically the lapdog of PG&E, SoCal Edison, and SDG&E.
Those utilities have been used as cash cows by both parties in the past, but mainly by the Democrats as they've controlled the legislature for all but a couple of years in the past 50 years. The people who run California are also the ones who own tens of billions of dollars worth of bonds issued by those utilities.

Could PG&E and the others be run more efficiently? Yes. But that probably won't happen. And maybe won't be allowed to happen, not when so many state jobs are involved in the regulation of the utilities.
 

Jetta_Pilot

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Just traveled from Laredo, Tx to Detroit, Mi within the last 10 days.



Lowest Diesel price I saw was $ 1.99 and highest was $ 3.39 gal.


Though I think whoever put the price of $ 3.39 incorrectly used the 3 $ instead of the 2 $ number? All other nearby stations were $ 2.39 or so.


In years past I found Valero the most expensive, but for the last 2 years or so I find they are among the lowest.
 

romad

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In years past I found Valero the most expensive, but for the last 2 years or so I find they are among the lowest.
Here in California Chevron is the highest with their prices consistently being 50 - 75 cents higher than all other brands.
Edit. Here is a comparison between Chevron and the station around the corner from me:

Chevron: D2 $3.79; RG $3.39

Feather Falls Mini-Mart: D2 $2.69; RG $2.09
 
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IndigoBlueWagon

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There's a filling station at the freeway exit near my in-laws house in SoCal that always has comically high prices, easily $1/gallon higher than any nearby station. When I was there last September I recall they were showing $4.79 for Diesel. It must work for them, as they've been there for years.
 

romad

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Yep, it is location, location, location! The Chevron in Oroville is at the last business exit going north on CA 70 so it is the last station for at least 20 miles. The Feather Falls Mini Mart is run by the Feather Falls Casino just about 3/4 mile further down the road. But I have noticed that Chevron is still way higher in all its locations than the competition. Even the at ones that have Propel pumps, the Propel price is higher than their pumps at other brands.
 
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IndigoBlueWagon

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Just looked it up, the station I'm thinking of is a 76 in Pasadena at the end of the Pasadena Freeway. They don't have RUG, right now midgrade is $3.85 and D2 is $3.79. In fairness, the cheapest RUG on Gas Buddy in Pasadena right now is $3.47, and there's a Mobil not too far away that has it for $4.29. Maybe it's just the first station I see when I drive there from the airport and the prices are always a shock compared to Massachusetts.
 
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crashtested

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We're seeing RUG for $0.995-0.999/L in my area, a price we haven't see for years!

D2 is still surfing around $1.199-1.299/L.
 

93celicaconv

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Local Citgo station in Appleton, WI: Diesel = $1.959/gal.
 

crashtested

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Hmmm, with the CAD = .71USD, that is about 2.68 USD for RG, and 3.36 USD for D2 per US gallon.

LOL thanks I used to do the conversion but couldn't really be bothered this am.


Plus the site is hosted in the land of Metric units ;)
 
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kjclow

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Ventured out into the pandemic today. Took the JSW to make sure that it had a full tank just, in case. Since it hadn't been started for a month, it took a little effort to turn over. Went to the grocery store gas station and even with the discount, the pump price there would have been $2.19. I knew that it was cheaper across the lake, so a little road trip was in the works. Got to the QT in Lake Wylie and was amazed to see D2 at $1.63 and RUG at $1.67. That's right. Both under $2 and diesel cheaper than gasoline. That's the lowest price for diesel I've paid in just over 10 years. I know that becaseu my mileage book was new with the JSW and I've had it 10 years last month. The highest I've paid was April of 2012 at $4.20 a gallon, probably in Orlando area.
 

TornadoRed

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This means gasoline is going to remain plentiful and cheap for at least an additional month.

Also, the weekly Energy Information Administration (EIA) showed pretty low levels of distillate stocks -- below the bottom of the five-year range.

So refinery runs will fall because of the gasoline surplus, and distillate stocks will fall keeping diesel prices relatively high (compared to regular gas).



"The Trump administration said Friday it is delaying a shift to cleaner-burning, summertime gasoline after the coronavirus pandemic caused a plummet in demand and left storage tanks full of winter-grade fuel.

"The Environmental Protection Agency decided to relax those requirements for at least 20 days in response to pleas from refiners and gasoline distributors worried about their ability to drain tanks and other equipment, as coronavirus-spurred lockdowns keep cars off the roads. The EPA warned of potential fuel shortages without a waiver, because refiners and distributors otherwise are required to stop selling winter gasoline on May 1.

"Nobody's buying fuel right now," EPA Administrator Andrew Wheeler said in a telephone interview. "There's not the capacity of the tanks just to even blend the winter fuel into the summer fuel. We have a real, live problem out there."

"The EPA's waiver applies to fuel refiners and distribution systems from May 1 to May 20, though additional or regional delays are possible later. Retailers generally face a June 1 deadline to switch over gasoline pumps in parts of the country where smog is a problem. The annual change to low-volatility gasoline is required to minimize air pollution during warm summer months in many parts of the country."

https://www.arkansasonline.com/news/2020/mar/28/u-s-delays-switch-to-summer-gasoline-bl/
 

IndigoBlueWagon

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I wonder if the delay in switching to summer fuel will also delay price increases that typically come with the switch. We'll see.

We renewed our UPS contract yesterday and we were bugging our rep about UPS's fuel surcharge. He reassured us that even if oil prices went to $0 the fuel surcharge would not go away.
 

romad

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We renewed our UPS contract yesterday and we were bugging our rep about UPS's fuel surcharge. He reassured us that even if oil prices went to $0 the fuel surcharge would not go away.
That is called greed. Fuel prices are part of UPS' overhead, so if the cost goes down, then the overhead is lessened. By not eliminating the surcharge UPS is just jacking up their profits and by not doing so in the current situation, is probably in violation of the anti-price gouging laws.
 

kjclow

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If the surcharge was there prior to the pandemic shutdown, then it is not considered price gouging. Even if they add some type of hazardous pay surcharge, they can argue against price gouging. On the other hand, if their frieght prices double, that's price gouging.
 

IndigoBlueWagon

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Relax, everyone, I was just pointing out an ongoing exchange that we have with our UPS rep. Their pricing is incredibly complex: along with fuel there are surcharges for residential delivery, extended area delivery, box dimensional weights, Saturday delivery (sometimes), and others.

I'm not one to defend UPS, but the complexity of what they're doing in this crisis boggles the mind. Holding packages for 14 days for businesses that are closed, attempting redelivery after 14 days. If the receiving business is still closed, they will attempt to return the package to the shipper. If the shipper is closed they'll hold the package for another 14 days and try again. Unless package contents are clearly perishable, in which case they'll destroy it. One station in MA had 5 trailers full of undeliverable boxes, two days into the MA shutdown. Not fun. Good thing they love logistics.
 

casioqv

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I wonder if the delay in switching to summer fuel will also delay price increases that typically come with the switch.
I also wonder if we'll see a rise of common rail HPFP failures due to water contamination, if fuel is sitting unused storage tanks.


I'm not one to defend UPS, but the complexity of what they're doing in this crisis boggles the mind.

+1 delivery people and grocery store workers are fighting on the front lines for us, I don't think it's a great time to ask them to lower shipping prices
 
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TornadoRed

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I also wonder if we'll see a rise of common rail HPFP failures due to water contamination, if fuel is sitting unused storage tanks.
It's gasoline that's sitting in storage tanks unsold and perhaps absorbing water. You shouldn't be putting that in your TDI anyway.
 

romad

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It's gasoline that's sitting in storage tanks unsold and perhaps absorbing water. You shouldn't be putting that in your TDI anyway.
So are you saying that every diesel car and pickup is still filling up at the same rate as before and there hasn't been a decrease in the auto diesel tanks rate of emptying?
 

TornadoRed

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So are you saying that every diesel car and pickup is still filling up at the same rate as before and there hasn't been a decrease in the auto diesel tanks rate of emptying?
No, but the percentage of diesel consumed by autos has to be far less than 1%. The roads are still full of semis and box trucks.
 

El Dobro

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$2.07 for RUG and $2.45 for diesel at the Speedway.
 

showdown 42

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Demand for diesel are trucks and obviously gas demand are cars. Trucks are going crazy delivering on line items people buy to stay away from stores.

When the panic subsides gas prices will go up for sure.
 

IndigoBlueWagon

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I'm willing to bet diesel demand is down. Look at photos of the empty ports. No trucks delivering containers if they're not arriving. Most commercial construction and its equipment is at a standstill. Even small businesses, like landscapers, have minimal operations, at least in states that are shut down. I usually see several landscape trucks every morning on my drive to work. Now, none. I doubt anyone is having contractors do home improvements right now, don't want people in the house. Once you start to think about the domino effect of a shut down you realize a lot of fuel users are affected.

And I bet no one is making jet fuel right now. Or much fuel for shipping.
 
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