Conservative Political Forum

General Category => Financial => Topic started by: walkstall on December 20, 2014, 01:39:47 PM

Title: Diesel fuel prices
Post by: walkstall on December 20, 2014, 01:39:47 PM
Diesel has dropped in price by 75¢ in my area from the first of the year.  It has dropped 25¢ just in this month. 
Title: Re: Diesel fuel prices
Post by: Dr. Meh on December 21, 2014, 08:13:36 PM
Quote from: walkstall on December 20, 2014, 01:39:47 PM
Diesel has dropped in price by 75¢ in my area from the first of the year.  It has dropped 25¢ just in this month.
Neat.
Title: Re: Diesel fuel prices
Post by: Solar on December 22, 2014, 05:22:11 AM
Quote from: walkstall on December 20, 2014, 01:39:47 PM
Diesel has dropped in price by 75¢ in my area from the first of the year.  It has dropped 25¢ just in this month.
I haven't bought fuel in several months, but something tells me Ca is still sticking it to us.
Title: Re: Diesel fuel prices
Post by: Dr. Meh on December 22, 2014, 08:31:29 AM
Quote from: Solar on December 22, 2014, 05:22:11 AM
I haven't bought fuel in several months, but something tells me Ca is still sticking it to us.

I just bought diesel for $2.65 here in southern CA. Still high but cheaper than it was.
Title: Re: Diesel fuel prices
Post by: TboneAgain on December 22, 2014, 09:44:27 AM
Seems ever so odd to me, with gas down around $2/gallon and diesel dropping dramatically and the price of a barrel of oil less than half what it was just a couple months ago...... that the price of K-1 kerosene hasn't dropped one single penny at any vendor around here. It's still $4+/gallon.

Anyone else seeing this?
Title: Re: Diesel fuel prices
Post by: walkstall on December 22, 2014, 10:26:02 AM
Quote from: Dr. Meh on December 22, 2014, 08:31:29 AM
I just bought diesel for $2.65 here in southern CA. Still high but cheaper than it was.

You call that high.   This is the first we have been under 3.50$ in years.   Last year it was as high as 5.00$ a gal.  Some places over in Seattle was 5.50$ per gal. last year. 
Title: Re: Diesel fuel prices
Post by: walkstall on December 22, 2014, 10:35:35 AM
Quote from: TboneAgain on December 22, 2014, 09:44:27 AM
Seems ever so odd to me, with gas down around $2/gallon and diesel dropping dramatically and the price of a barrel of oil less than half what it was just a couple months ago...... that the price of K-1 kerosene hasn't dropped one single penny at any vendor around here. It's still $4+/gallon.

Anyone else seeing this?

I have not used Kerosene in over 40 years other then in Kerosene lamps.  I have 6 very old lamps for when the power would go out when we lived on the West side of the state.   There call antique now  there so old, but there in good working order.    :lol:
Title: Re: Diesel fuel prices
Post by: TboneAgain on December 22, 2014, 10:57:00 AM
Quote from: walkstall on December 22, 2014, 10:35:35 AM
I have not used Kerosene in over 40 years other then in Kerosene lamps.  I have 6 very old lamps for when the power would go out when we lived on the West side of the state.   There call antique now  there so old, but there in good working order.    :lol:

I have a couple kerosene heaters that I use in emergencies, especially when the power goes off. In combination with a wall-mounted propane heater (no power needed for that), I can keep the place cozy indefinitely -- as long as I make the trek to the kerosene store every few days.

Part of my house is under major renovation and can't really be heated right now. (That will change quickly, but one thing at a time!) The best way I know of to take off the chill in those rooms is a small kerosene-fueled torpedo heater.

I guess it's fair to say that I'll be buying some kerosene pretty regularly for a while.

But I just don't understand the pricing. Kerosene is distilled from petroleum, just like gasoline, just like diesel fuel. In fact, there's really not much difference between kerosene and diesel fuel, in terms of flash point and thermal content. My torpedo heater, for example, will happily burn either K-1 or #2 diesel, and I can't detect a difference in operation or output between the fuels.

Yet even with the dramatic fall in gas prices -- down to around $2 here today -- and with diesel now falling like a rock too, kerosene around here is still selling for exactly -- not 'about' or 'nearly', but exactly, to the penny -- the same price as last winter. Makes me wonder if I'm in the wrong business.....
Title: Re: Diesel fuel prices
Post by: Solar on December 22, 2014, 10:58:02 AM
Quote from: TboneAgain on December 22, 2014, 09:44:27 AM
Seems ever so odd to me, with gas down around $2/gallon and diesel dropping dramatically and the price of a barrel of oil less than half what it was just a couple months ago...... that the price of K-1 kerosene hasn't dropped one single penny at any vendor around here. It's still $4+/gallon.

Anyone else seeing this?
I know what you're saying. I remember watching the price climb daily, till it hit close to $5 per gal. so I literally threw away my kerosene heater because I had read that Ca was writing law that would lock the price high.'
I don't know if they did, but I watched the price for awhile after that and it never varied 10 cents either direction for at least two years.

I did however, by one of those jet burners running diesel at 120000 BTU, I'd light it outside, bring it in for 3 minutes, drag it out and shut it down because it stunk lighting it and killing it, but boy, did it crank out the heat.
That finally failed, so I tried a propane weed burner, that kicked ass, only problem was it was too good.

Ya know those vinyl mini-blinds? :glare:
They melt rather quickly. :blush: But I still use it when it gets below 0 and the wood stove is out. I can heat the entire house in less than 10 minutes, and of course, all the fans on in the house to circulate the heat as well as the whole house fan.
Toy hates it, but she loves the instant heat. :laugh:
Title: Re: Diesel fuel prices
Post by: TboneAgain on December 22, 2014, 11:09:46 AM
Here's an illustration of what I'm talking about. It's hard to get official figures from the government because they're typically months behind. But these folks show that the spot price for kerosene-type jet fuel has fallen nearly 60 cents/gallon just since August.

http://www.indexmundi.com/commodities/?commodity=jet-fuel (http://www.indexmundi.com/commodities/?commodity=jet-fuel)
Title: Re: Diesel fuel prices
Post by: sensualblighter on December 23, 2014, 12:19:11 AM
Quote from: walkstall on December 20, 2014, 01:39:47 PM
Diesel has dropped in price by 75¢ in my area from the first of the year.  It has dropped 25¢ just in this month.

Really? That will be so nice.. :p
Title: Re: Diesel fuel prices
Post by: walkstall on December 23, 2014, 04:28:47 AM
Quote from: sensualblighter on December 23, 2014, 12:19:11 AM
Really? That will be so nice.. :p

I can remember when I got it for 25¢ a gal.  When there were no gas war going on. 
Title: Re: Diesel fuel prices
Post by: Solar on December 23, 2014, 05:12:06 AM
Quote from: walkstall on December 23, 2014, 04:28:47 AM
I can remember when I got it for 25¢ a gal.  When there were no gas war going on.
And that was just back in the late 60s.
Title: Re: Diesel fuel prices
Post by: Dr. Meh on December 23, 2014, 08:19:31 AM
Just an FYI, I heard from a family member that there is going to be something like a $0.60 federal tax jump on fuel starting January 1st. He may be mistaken but that's the rumor.
Title: Re: Diesel fuel prices
Post by: Solar on December 23, 2014, 08:34:04 AM
Quote from: Dr. Meh on December 23, 2014, 08:19:31 AM
Just an FYI, I heard from a family member that there is going to be something like a $0.60 federal tax jump on fuel starting January 1st. He may be mistaken but that's the rumor.
Did he mistake Ca for the Fed? I think Ca has a planned, and publicly unapproved tax increase on fuel soon..
I hadn't heard about a Federal one.
Title: Re: Diesel fuel prices
Post by: supsalemgr on December 23, 2014, 09:21:43 AM
Quote from: Solar on December 23, 2014, 08:34:04 AM
Did he mistake Ca for the Fed? I think Ca has a planned, and publicly unapproved tax increase on fuel soon..
I hadn't heard about a Federal one.

We are having a $.01 per gallon increase in NC as of 1/1/2015. In the reporting nothing has been mentioned about any fed increase and I am sure it would have if one was coming.
Title: Re: Diesel fuel prices
Post by: Solar on December 23, 2014, 10:07:55 AM
Quote from: supsalemgr on December 23, 2014, 09:21:43 AM
We are having a $.01 per gallon increase in NC as of 1/1/2015. In the reporting nothing has been mentioned about any fed increase and I am sure it would have if one was coming.
Yeah, I think he probably mistook the Ca gouge at taxpayers as a Fed attack, which makes perfect sense, both entities are rooted in Marxism.

CA Republicans proposed two bills aimed to stop a cap-and-trade program for transportation fuels which starts up in January that will increase gasoline prices for motorists across the Golden State.

The Sacramento Bee reported that since 2006 cap-and-trade laws, designed to reduce carbon emissions, have forced companies to purchase permits covering what they put into the air. Up until now producers of transportation fuels have been exempted from buying cap-and-trade allowances. The 2006 law calls for the expanded coverage in January 2015.

Patrick DeHaan a petroleum analyst for price tracker GasBuddy.com, predicts that the new cap-and-trade regulations could produce a 10- to 20-cent-per-gallon increase in fuel prices.

Claiming that the new program will push gas prices upward and burden individual drivers, businesses, schools and farms, Republican lawmakers selected the first day of the 2015-2016 legislative session to announce their bill.
http://www.breitbart.com/california/2014/12/02/jerry-brown-endorsed-global-warming-tax-hits-ca-motorists-in-2015/ (http://www.breitbart.com/california/2014/12/02/jerry-brown-endorsed-global-warming-tax-hits-ca-motorists-in-2015/)
Title: Re: Diesel fuel prices
Post by: TboneAgain on December 23, 2014, 10:19:36 AM
One fantastic result of this collapse in oil prices is the exposure of the local and state tax structure that has found room to grow under $100/barrel oil.

The federal gasoline tax has remained at 18.4 cents/gallon for more than twenty years. But in recent months, that little tax bite has gone from being just a few percentage points to nearly 10 percent of the cost of a gallon of gas. State and local taxes, typically much higher, have suddenly taken stage front as being anywhere from 15-30% or more of the cost of a gallon of unleaded.

When I got my driver's license in Ohio in 1971, I was pumping premium leaded gas into my car and paying around 31 cents/gallon for the privilege. With state and federal taxes alone loading the pump price by 46.4 cents/gallon, those days are clearly gone. In California, the per gallon tax load is 66.87 cents; in New York, it's even higher at 68.65 cents. Check this out (http://www.api.org/oil-and-natural-gas-overview/industry-economics/fuel-taxes/gasoline-tax). These taxes, which have crept in under an umbrella of artificially inflated oil and gas prices, have created a very rigid floor for prices at the pump.

I read yesterday of a congressman's call to increase the federal gas tax (http://www.washingtonpost.com/local/trafficandcommuting/15-cent-increase-in-federal-gas-tax-proposed/2013/12/04/548d6d80-5ce9-11e3-95c2-13623eb2b0e1_story.html). WTF??!!
Title: Re: Diesel fuel prices
Post by: Dr. Meh on December 23, 2014, 04:08:52 PM
Quote from: Solar on December 23, 2014, 10:07:55 AM
Yeah, I think he probably mistook the Ca gouge at taxpayers as a Fed attack, which makes perfect sense, both entities are rooted in Marxism.

CA Republicans proposed two bills aimed to stop a cap-and-trade program for transportation fuels which starts up in January that will increase gasoline prices for motorists across the Golden State.

The Sacramento Bee reported that since 2006 cap-and-trade laws, designed to reduce carbon emissions, have forced companies to purchase permits covering what they put into the air. Up until now producers of transportation fuels have been exempted from buying cap-and-trade allowances. The 2006 law calls for the expanded coverage in January 2015.

Patrick DeHaan a petroleum analyst for price tracker GasBuddy.com, predicts that the new cap-and-trade regulations could produce a 10- to 20-cent-per-gallon increase in fuel prices.

Claiming that the new program will push gas prices upward and burden individual drivers, businesses, schools and farms, Republican lawmakers selected the first day of the 2015-2016 legislative session to announce their bill.
http://www.breitbart.com/california/2014/12/02/jerry-brown-endorsed-global-warming-tax-hits-ca-motorists-in-2015/ (http://www.breitbart.com/california/2014/12/02/jerry-brown-endorsed-global-warming-tax-hits-ca-motorists-in-2015/)

You are correct, it appears it's a stupid California thing. Here's a link:

http://www.foxnews.com/politics/2014/08/27/california-hidden-gas-tax/ (http://www.foxnews.com/politics/2014/08/27/california-hidden-gas-tax/)
Title: Re: Diesel fuel prices
Post by: sensualblighter on December 29, 2014, 11:32:21 PM
Quote from: Solar on December 23, 2014, 05:12:06 AM
And that was just back in the late 60s.

Ahh not in late 60's... before that i guess...
Title: Re: Diesel fuel prices
Post by: Solar on December 30, 2014, 06:55:51 AM
Quote from: sensualblighter on December 29, 2014, 11:32:21 PM
Ahh not in late 60's... before that i guess...
If memory serves me correctly, diesel didn't fluctuate much throughout the 60s.
Title: Re: Diesel fuel prices
Post by: sensualblighter on December 30, 2014, 08:22:12 PM
Quote from: Solar on December 30, 2014, 06:55:51 AM
If memory serves me correctly, diesel didn't fluctuate much throughout the 60s.

Ahh may be then.. cheers.. happy new year.. :)
Title: Re: Diesel fuel prices
Post by: Solar on December 30, 2014, 08:34:51 PM
Bought another 500 gallon tank yesterday, called around for prices, getting clear diesel delivered in the morning for $2.66 per gal, red dye is $2.16 right now.
Sure it's pricey, but it's two bucks less per gal than just a few months back. Still looking for another tank, if I can find one before the CA BS tax goes into effect, I'll buy another 500 of red dye.