ibanix
Veteran Member
Steady at $4.45/gal here in San Jose.
Ouch, that's rough!ferrisjrf said:The cheapest place in my town (in Westchester County, NY) has ben hovering at $4.89 for the past month or so.
Overall, refiners made 5-6 cents per gallon in the 1st quarter. Considering the price differential between gasoline and distillates, the refiners probably lost money on every gallon of gasoline... and not just a few cents either.zx12mike said:I think its terrible that we diesel drivers have to make up the slack of proffits that the gas drivers are not paying. Owner of VA oil told me that they only make pennys on the dollar for gas, but make up the differance on diesel with a dollar plus proffit on a gallon.
Considering that most of our goods get moved via semi truck, that is a BIG OLE poke in the eye of the US economy.zx12mike said:I think its terrible that we diesel drivers have to make up the slack of proffits that the gas drivers are not paying. Owner of VA oil told me that they only make pennys on the dollar for gas, but make up the differance on diesel with a dollar plus proffit on a gallon.
It didn't take long... I drove by a Thrifty (BP) station this morning, still $4.339. Four hours later it was $4.559... up 22 cents.TornadoRed said:Just noticed that the Flying J truckstops up north in Barstow (I-15) and Frazier (I-5) Park bumped their diesel prices by 6 more cents/gallon, to $4.399 and $4.389. Still a handful of stations around San Diego charging $4.29-4.35, but these prices won't last long. I topped up with only 8+ gallons yesterday, but by next Monday or Tuesday I will probably have to pay $4.45 or $4.50.
Gas prices keep going up, how is that happening if demand is weak ?TornadoRed said:Just noticed that the Flying J truckstops up north in Barstow (I-15) and Frazier (I-5) Park bumped their diesel prices by 6 more cents/gallon, to $4.399 and $4.389. Still a handful of stations around San Diego charging $4.29-4.35, but these prices won't last long. I topped up with only 8+ gallons yesterday, but by next Monday or Tuesday I will probably have to pay $4.45 or $4.50.
Cheapest RUG is about $3.79-3.85. Weak demand for gasoline is continuing to reduce refining margins, cutting refinery production and utilization. Until there is a big drop in crude oil prices, and at least some rebound in the demand for gasoline, I don't see any change in the current pattern. Nobody wants gasoline, nobody wants to sit on a big inventory of gasoline, but they can't produce diesel without producing gasoline.
Edit: forgot to mention that ethanol production also reduces the demand for gasoline, gallon for gallon, and thus also contributes to reduced refinery runs and lower diesel production. And that high crop prices mean farmers will still try to plant every acre, if it every stops raining in the Midwest -- but tractors burn lots of diesel, more I think to plant and harvest corn than to grow soybeans.
Gasoline prices at the pump have risen only a few cents nationwide so far in May, and not at all here in SoCal. At the same time, crude oil has gone from $112 to $126, and you know what has happened with diesel.Dimitri16V said:Gas prices keep going up, how is that happening if demand is weak ?
I love how you try to explain the prices. At winter it's heating oil,now we are blaming those gasser drivers that don't wanna drive .
What's next ?