Distallate Price Nears Gas Price on Commodity Market

PDJetta · Jan 4, 2006

The price spread between gasoline and distillates on the commodities market is now only 4 cents! last month the spread was about 35 cents! Hopefully soon diesel will be selling at what gasoline is at the pumps. We can thank the warmer Northeastern US temperatures for this.

See:

http://money.cnn.com/data/commodities/

I can't figure this out, but there are "gas" stations that still sell diesel for $3.00 plus a gallon where I live (Northern Virginia). I've found it for as little as $2.51 a gallon there as well.

--Nate

IndigoBlueWagon · Jan 4, 2006

I've paid as little as $2.35 for B5, and last fill was at $2.59. Meanwhile RUL has climbed to $2.29 or so around here.

IXLR8 · Jan 6, 2006

Here in central Mass, diesel is hanging tough at $2.69, has for months. Regular gas in that time has gone from $2.79, down to $2.09, and now is back up to $2.39.

cp · Jan 8, 2006

If and when the speculators find something else to focus on, oil will return to some semblance of sanity. Right now, there is too much money being made by a handful of people to let prices stabilize.

TornadoRed · Jan 8, 2006

February heating oil futures closed at $1.8006 on Friday, Jan 6. Unleaded gasoline was $1.8155. Advantage: HHO by 1.49 cents.

June heating oil futures were $1.8149, gasoline $1.9350. Advantage: HHO by 12.01 cents.

HHO is nearly the same as #2 diesel, but not quite. Federal fuel taxes are higher for diesel, many states also tax diesel more than gasoline. So will diesel cost more or less than unleaded regular in a few months? Who knows?

In the long run, both fuels should continue to average about the same price, with diesel maybe holding a very slight advantage.

Smaug · Jan 10, 2006

Regular Unleaded $2.28 at Sams Club.
Diesel $2.45 at a local Hess station.

Slave2school · Jan 11, 2006

heh...it is $1.049 here /L

mrGutWrench · Jan 11, 2006

Smaug said:
Regular Unleaded $2.28 at Sams Club.
Diesel $2.45 at a local Hess station.

__. I filled up tonight at a truck stop near Emporia VA on I-95. Diesel was $2.29; RUG was 2.33. (Of course, down the road RUG was $2.21 but things are pretty close there.)
'

TDI_SC · Jan 12, 2006

I've always found Flying J to be very competitive on their diesel pricing.

Prices can be seen here: http://www.flyingj.com/fuel/diesel_CF.cfm

PDJetta · Jan 12, 2006

Dang, the Flying Js in Virginia sell diesel for 60 cents less a gallon than my local Hess does, and 75 cents less than the Crown station. But unfortunately, the closest Flying J station is about 80 miles from me. I'd almost consider getting a trailer tank to get 100 gallons at a time.

Man, we really get screwed on price in Northern Virginia. There is even a 5 cent a gallon commuter tax on fuel and there is a small air quality non-attainment tax. Fuel price drops about 10 cents accross the board in Prince William county, which borders "Northern Virginia (Fairfax County).

--Nate

volmaniac · Jan 12, 2006

diesel is $2.37 at the place i got it tuesday. at another station about a mile a way they still want $2.79

and what is this "regular unleaded gas" i hear so much talk about anyways??

mrGutWrench · Jan 12, 2006

volmaniac said:
(snip) and what is this "regular unleaded gas" i hear so much talk about anyways??

__. Oh, don't worry about that. It's an old, outdated fuel -- they used to burn it in like Model T Fords, etc. Nothing to worry about.
'

Zero10 · Jan 12, 2006

For what it's worth, gas and diesel are now between 2 and 4 cents/litre apart now. Diesel is still more, but hopefully not for long. Prior to this, the spread had been as much as 23 cents/litre.

gottdi · Jan 12, 2006

Prices in Yuba City/Oroville California range from $2.55 to $2.89 for D2.
Gas up to $2.17 yesterday and $2.27 today. Yuck.

News this evening say gas prices are due to trouble in the middle east. No destroyed refineries but just political hype and don't expect changes at the pump until 2007. I doubt very seriously that it will go down at all. Good push for biodiesel and wvo/svo. Just need to get those prices down.

gottdi

TornadoRed · Jan 12, 2006

gottdi said:
News this evening say gas prices are due to trouble in the middle east. No destroyed refineries but just political hype and don't expect changes at the pump until 2007. I doubt very seriously that it will go down at all.

The current level for crude oil probably includes a $15/barrel premium entirely due to the Iran nuclear crisis.

DavidG · Jan 13, 2006

Last week when I filled I payed $2.549, RUG was about $0.40 cheeper in Salem,NH.

hank miller · Jan 13, 2006

mrGutWrench said:
__. Oh, don't worry about that. It's an old, outdated fuel -- they used to burn it in like Model T Fords, etc. Nothing to worry about.
'

Actually the Model T was designed to burn renewable Ethanol. They included a toolkit so you could adjust the carb to burn regular unleaded if you wanted.

Thunderstruck · Jan 15, 2006

The good news is the gap is narrrowing. The bad news is that's it's because gas prices are going up, not because diesel prices are going down. I filled up last night at a fleet fueling place, and unleaded was 2.42 and D2 was 2.56.
Although in the suburb of Westmont, I drove by a Speedway that wanted 2.95.

IXLR8 · Jan 16, 2006

hank miller said:
Actually the Model T was designed to burn renewable Ethanol. They included a toolkit so you could adjust the carb to burn regular unleaded if you wanted.

Both Model T's that I had, actually had a mixture adjustment knob on the dash so you could adjust the mixture while driving. Model T's also wish that had fuel as good as today's regular. The 1927 pickup I had, had a vaporizer carb, where the fuel was heated and vaporized before it entered the venturi due to the fuel being such low quality. Then again it only had about 4:1 compression which didn't help.

bhtooefr · Jan 16, 2006

Thunderstruck said:
The bad news is that's it's because gas prices are going up

Not necessarily bad news. If it helps get SUVs off the road, that's less oil use right there. And, it might help diesels.

FWIW, about a week ago the Wal-Mart on 21st Street in Newark had RUG for $2.339, D2 for $2.319

IndigoBlueWagon · Jan 16, 2006

Thunderstruck said:
The good news is the gap is narrrowing. The bad news is that's it's because gas prices are going up, not because diesel prices are going down. I filled up last night at a fleet fueling place, and unleaded was 2.42 and D2 was 2.56.
Although in the suburb of Westmont, I drove by a Speedway that wanted 2.95.

When I look at the traffic density around here and how many one person cars there are out there I feel like a few years of $4 or $5 per gallon gasoline would make a difference. I followed a BMW 750 IL down Route 93 yesterday coming back from NH and pointed it out to my son. He asked if the V12 was fast: I said yes but mostly smooth. And he commented on how much gasoline it must use. It occured to me that my TDI probably gets the best mileage of any car on the road. That's just not right.

mrGutWrench · Jan 16, 2006

bhtooefr said:
FWIW, about a week ago the Wal-Mart on 21st Street in Newark had RUG for $2.339, D2 for $2.319

__. I bought D2 yesterday for $2.23/9; RUG was $2.27 at the same pump.
'

PDJetta · Jan 16, 2006

mrGutWrench said:
__. I bought D2 yesterday for $2.23/9; RUG was $2.27 at the same pump.
'

I envey you. Diesel is 2.84 a gallon at Hess here in Northern Virginia and its $3.10 a gallon at one Shell station near me!

--Nate

docvb · Jan 16, 2006

Yep. Those V12 750's are smooOOOooth. The torque

docvb · Jan 16, 2006

just never stops in those babies. Had one. Still miss it. Got 13-14 mpg. Was a '92 so it ran RUL. Couldn't access, much less see the spark plugs.

The old BMW 5.0 L V12 was basically 2 separate 2.5 L I6's with a common crankshaft. Had 2 separate control units, throttle plates (was drive by wire even way back then!)

Zero10 · Jan 16, 2006

Wow, 13-14mpg. My 951 gets the same mileage out of an I4 2.5L turbo

That's kind of sad come to think of it....

Anyhoo, I'm excited. I actually found a fuel station today that had diesel cheaper than gas!
*knock on wood* maybe things will finally be back to how they are supposed to be soon!

TornadoRed · Jan 16, 2006

Not only is the Iran situation going to get worse before it gets better, but there have been production problems in Nigeria.

Don't be surprised if crude oil is back to $70/gallon by the end of January.

PDJetta · Jan 17, 2006

TornadoRed said:
Not only is the Iran situation going to get worse before it gets better, but there have been production problems in Nigeria.

Don't be surprised if crude oil is back to $70/gallon by the end of January.

I will second that thought. Oil is about $65.50 on the market right now. Maybe that will drive the price of gas above diesel, especially with the driving season nearing. Here's hoping!

--Nate

Zero10 · Jan 17, 2006

I want to see those gassers suffer

They all laughed at me when diesel was higher. This is the only time I can remember that diesel was higher than gas. It will be really nice if they go back to how they should be.

PDJetta · Jan 17, 2006

I noticed when oil hit $70 a barrel and gas was $3+ a gallon, my 25 mile each way rush hour commute became enjoyable and about 30% shorter time-wise. At the same time Metro (Wash DC's public transit) reported ridership increasing by at least 25%! There was a very noticable drop in the traffic volume in Northern VA.

When gas prices fell, traffic increased right along with the price decrease.

--Nate

Distallate Price Nears Gas Price on Commodity Market

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