Whats up with the price of diesel?

[lloydguy]

To my knowledge every drop that is made at the Lloyd upgrader goes into rail car's heading for the border.
So, IMO the supply and demand stance is BS.If 5 out of 10 gas stations were sold out,then yes it is possible
for the guy with the full tank's to rape on the price,but that is not the situation.
We are getting bent over plain and simple.

 

[Beels]

With diesel jumping up like this, it makes me regret my decision to buy a gas 1/2 ton, less and less.

 

[imdoo'n]

Parked the diesel for the winter, bought new gas F150, tired of crap winter diesel, disgusting diesel fuel stn's and the resulting smell. Fuel shortages and high prices. The white oakleys can have it haha. Diesel POS

 

[pfi572]

Parked the diesel for the winter, bought new gas F150, tired of crap winter diesel, disgusting diesel fuel stn's and the resulting smell. Fuel shortages and high prices. The white oakleys can have it haha. Diesel POS

Yep exactly the same as you.
The fuel costs have dropped by 30% with driving a 1/2 ton.
Duramax sitting in shop at home.

 

[maierch]

Sorry that is a load of crap!!
You can go to Hawaii and buy fuel cheaper than here ?
Don't see to many drill rigs on the island ?
Sorry ! Lol

There may not be drilling rigs but there are two refineries on the islands which allow them to produce the products that they require from raw crude coming out of the pacific rim.

They have way more control over their own destiny that we do.

 

[lloydguy]

Oil is less than $80 and we are paying more for diesel now ($1.30 pr/L) than when oil peaked at $145 ?
WTF....................................?
We are getting bent over BIG TIME.
Also lot's of chatter about oil not being profitable at less than $80.What a load of crap,It was in the $20's
ball park in the 1980's and everyone was doing just fine.

 

[DRD]

Oil is less than $80 and we are paying more for diesel now ($1.30 pr/L) than when oil peaked at $145 ?
WTF....................................?
We are getting bent over BIG TIME.
Also lot's of chatter about oil not being profitable at less than $80.What a load of crap,It was in the $20's
ball park in the 1980's and everyone was doing just fine.

When oil was $20 you didn't have idiots making 100K/yr

 

[whoDEANie]

Oil is less than $80 and we are paying more for diesel now ($1.30 pr/L) than when oil peaked at $145 ?
WTF....................................?
We are getting bent over BIG TIME.
Also lot's of chatter about oil not being profitable at less than $80.What a load of crap,It was in the $20's
ball park in the 1980's and everyone was doing just fine.

This is for tar sands extraction and it depends on the facility. Total, Fort Hills will be over $90/barrel when it's done while Syncrude can produce it for about $45. If memory serves me, Syncrude was producing it in the mid 90's for about $16/barrel and was aggressively targeting about $13.

I guess when you account for inflation, increased safety costs and increased environmental costs, you could account for much of the cost increase. ...especially considering that "safety" and "environmental" awareness were practically non-existent compared to today's standards. The higher costs per barrel aren't strictly operating costs either, which is a bit misleading - when they're talking about prices like $90+ per barrel, they're factoring in the capital investment to build these massive facilities. That is, the oil companies expect a return on their investment within a certain amount of time, otherwise they would rather defer significant capital investments until such time as they can meet their target ROI.

 

[LennyR]

El Camino's! Tacoma , Prius !!! They all get great mileage. LOL.