Sound Off on Current Diesel Price

$2.71 for RUG and $2.89 for diesel at the local Speedway. I'm surprised that the prices are holding fairly steady, considering we had that refinery fire up here.

$2.859 at Shell here in Baltimore today. $2.659 with my 20¢/gallon grocery store discount...

3.99 here in california

3.399 here in Southeastern PA. Prices may go up here due to a local refinery explosion and fire. The refinery is planning to shut down.

Just filled up at 2.899 in NW WA. just outside of King county extra fuel tax area.

2.77 In Louisville,KY

$2.65 for RUG and $2.85 for diesel at the local Speedway.

$2.68 for RUG and $2.75 for diesel in the local Kwik Trip near Appleton, WI.

Holding steady @ $1.299/L or $4.917/gal in Trail, BC.

Can price

crashtested said:

Holding steady @ $1.299/L or $4.917/gal in Trail, BC.

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Holy **** batman

profits

oil companies should charge alot more for fuel because they're profits are so low.

convenient

'lectricjeff said:

3.399 here in Southeastern PA. Prices may go up here due to a local refinery explosion and fire. The refinery is planning to shut down.

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How convenient.
Now one blew up in Houston.
Always one blowing up somewhere.
SCAMMERS plain and simple. Ben Dover JohnQ

$ gal

2.79-3.10
central illinois.

RUG dropped to $2.19/gal and D2 can be found for $2.71/gal in SoFlo

Jason

Paid $2.62 this morning in lake Wylie, SC. Didn't pay any attention to rug pricing. I did notice yesterday that rug and D2 are about the same in central Wisconsin. A few stations between Madison and Milwaukee had D2 a few cents cheaper.

We have a range of $2.47 to $2.96.

The September futures for West Texas Intermediate dropped from $58.50/barrel to barely $50.50 from July 31till earlier Wednesday, before bouncing back to $52.30.

During the same period, September ULSD futures fell from $1.97/gallon to $1.75, before bouncing back to $1.78.

I've been fortunate lately to be able to fuel up for $2.70-$2.80 but paid only $2.699 today and that was without any discounts. I hope to pay even less the next time. But there are still plenty of stations charging $2.99 and some are even higher.

Stations jack the price on fuel they already paid a cheaper price for that's in they're tanks. Is that just capitalist economics?

Their explanation is that they have to make enough money on what's in the tank to be able to afford to refill with higher cost fuel. So a burp in supply on the other side of the world and the price at the pumps jumps. Just in case...

Clawdog60 said:

Stations jack the price on fuel they already paid a cheaper price for that's in they're tanks. Is that just capitalist economics?

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And sometimes a station manager gets stuck with fuel he can't sell except at a huge loss, when prices fall. There are a handful of stations still trying to sell diesel for $3.399 when other stations in the area are $2.65-2.99. In 2008, when diesel dropped from $5/gallon to less than $2/gallon in about six months, many stations and even some chains like Flying J went bankrupt. They lost money on just about every fuel delivery.

Saw 2.55 in south Baltimore md

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Diesel prices have been fairly stable for many months, but the drone attacks on oil facilities in Saudi Arabia have driven up prices for crude oil and products.

Right now the spot-month futures price for ULSD is up about 15 cents/gallon, while WTI crude is up about $5/barrel and Brent crude up about $7/barrel.

The markets are likely to be a bit unsettled for the next several days. The Houthi rebels claim responsibility, but they don't have the technology to build drones, so the responsibility almost certainly lies with Iran. Will this lead to a full-fledged war between Iran, Saudi Arabia, and other GCC allies of Saudi Arabia?

TDI drivers should probably keep their tanks topped up this week.

short memory truck & suv driver are about get woke up....

I watched diesel & gas this morning go up $0.20-0.40 today while I was filling up my cars......

One place in southwest metro denver the price went up 0.25 from 2.549 to 2.79.9 in the time it took for me to go from the station home & back in my other diesel! there was a station close by that was still 2.559 so I bought a tank plus four 5.5 gal containers....

...If the price goes as far above $3 a gal as I expect I should be able save a few dimes over the next few tanks in my vw diesels....

...I think a lot of "children" that have no memory of how high fuel/gas prices can go in a real would crisis.....children and adults who seem to have lost their memory of how a fill cost @ ~4 or higher a gal who have purchased all of those suv's & pukups over the last few years are about to get a rude awakening....

....short memories seem the rule of the day in those who have completely forgotten how much one of these fuel wasting hogs( suv's & pukups used as as single passenger cars ) actually cost to drive around when the roosters come home to roost at their fuel ups in coming weeks....

Greedy oil companies! We import very little oil from Saudi Arabia; in fact we produce more oil than they do according to a recent report on NBC News. I know, take it with a grain of salt!

Whether or not we produce oil is irrelevant. The oil market is global, demand and supply in the global markets affect all prices. And oil companies don't set prices, the markets and traders do.

rotarykid, I've repeatedly been amazed at how short Americans' memories when it comes to fuel prices. Ever since the first shortage in the early 70s, as soon as prices and supply returns to "normal," Americans would go back to old habits. And this round (since 2008 or so), has been more extreme than ever, with trucks people don't need dominating the consumer vehicle market. I doubt this event will cause any lasting price increase, so I doubt people will change behavior.

IndigoBlueWagon said:

Whether or not we produce oil is irrelevant. The oil market is global, demand and supply in the global markets affect all prices. And oil companies don't set prices, the markets and traders do.

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One of our local stations ran on oped piece last night saying that the Saudi situation should have no effect on local gas pricing. I was blown away by how short sited the whole piece was. Especially since I had just driving by a gas station whose prices increased 20 cents yesterday. The same piece was run this morning with a slightly different conclusion.

kjclow said:

One of our local stations ran on oped piece last night saying that the Saudi situation should have no effect on local gas pricing. I was blown away by how short sited the whole piece was. Especially since I had just driving by a gas station whose prices increased 20 cents yesterday. The same piece was run this morning with a slightly different conclusion.

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I always liked this quote about local television news stories, "first at six, fixed at 11."

Many stations raised their prices for diesel by 5 cents/gallon or a bit more; but quite a few haven't made a change.

On the other hand, it was quite common to see gasoline prices rise by 25-30 cents a gallon or even more. One went from $2.359 to $2.699. A couple went to $2.799.

Another jump. Diesel is now 30 cents higher than it was Sunday but gas didn't change from the 20 cent bump. Diesel is now around $2.80 in SC. Too bad my truck only has a few gallons left in the tank. That'll run me about $75 to fill.

West Texas Intermediate jumped to $63 on Monday, now it's barely above $58.

October ULSD futures are now 11 cents/gallon below the Monday close and only about 10 cents/gallon above last Friday's close.

So wherever prices are today is probably the peak, and they should trend lower from here.