Oil on the (downward slide) upward climb...

[laatsch55]

No Jim, I berlieve that will run from North Dakota to Cushing, Ok. We've had a couple more go in here, and a rail load out terminal 50 miles south of Gillette. Take away capacity isn't the problem right now, lack of competition is. Our oil has to go quite aways to a refinery so transportation eats up about 20.00/bbl.

 

[Fairchild]

I am sure you are more intuned, what I am reading it says that about 271 miles will go through eastern South Dakota.

http://www.sj-r.com/article/20141229/NEWS/141229604

Jim

 

[laatsch55]

To far from us to do any good Jim...

 

[Web Police]

I paid $2.09 per gallon yesterday, didn't even shop around.

 

[Northwinds]

$2.61 here in Coventry

I have to wonder how much of this is artificial with the play towards destroying the Russian economy, Venezuela etc...

Also, if it costs $20 a bbl in profit to move the oil, something is WRONG. A barrel is what 80gals or something like that? Build a refinery, should pay for itself in the longrun!

 

[laatsch55]

Ron, there hasn't been a new refinery built in the US since 1978....thank the EPA for that. There's one that has bewn in the permitting process on the Cali/Az border for 8 years now, and still a long way from getting all the paperwork in hand..

 

[laatsch55]

$2.61 here in Coventry

I have to wonder how much of this is artificial with the play towards destroying the Russian economy, Venezuela etc...

Also, if it costs $20 a bbl in profit to move the oil, something is WRONG. A barrel is what 80gals or something like that? Build a refinery, should pay for itself in the longrun!

A barrel is 42 gals, and it depends on how far it goes....

 

[orange]

The Saudis don't give a shit about the Russians, they're after the small US producers trying to squeeze all the oil out of formerly non-productive and impossible fields by making their margins impossible to live with.

It's all out fucking war.

 

[Skynyrd77]

I paid 1.82 yesterday. Filled up 17.5 gals for like 32$

 

[Northwinds]

This price inequity is ridiculous. I am in New England, one of the largest economic areas in the country and pay $.80 more a gallon then you Jason???? We have terminals less then 100 miles from me. I smell a BIG FUCKING MONEYHUNGRY RAT

 

[Skynyrd77]

This price inequity is ridiculous. I am in New England, one of the largest economic areas in the country and pay $.80 more a gallon then you Jason???? We have terminals less then 100 miles from me. I smell a BIG FUCKING MONEYHUNGRY RAT

Its crazy because 3 weeks ago we were way over the national average. Now it's cheap as hell. I have seen a .25 swing locally though! 3 days ago it was 2.02 to 2.25 depending where you were.

 

[derek92994]

Our fuel was $5.60 per gallon 3 weeks ago. Now it is $4.58 and that's just for standard 91 octane. The 98 octane that I use 10-20% more in price.

 

[Web Police]

Our fuel was $5.60 per gallon 3 weeks ago. Now it is $4.58 and that's just for standard 91 octane. The 98 octane that I use 10-20% more in price.

You live in the wrong country.

 

[derek92994]

You live in the wrong country.

It has its advantages being over here. I think it all evens out in the end.

 

[derek92994]

I'm used to the price of fuel being outrageous. Then again if I can put $50 worth of fuel in my car and do 500kms I'm happy (1.5 Litre 4 cylinder).

 

[Northwinds]

Why would you put 98 octane in your 4 cylinder? 91 or 93 should be more then fine, even 87 or 89 would be fine

 

[derek92994]

I think our power is cheaper though, costs me about $500 for 3 months of power, that's with A/C on as much as I want, 2 computers, Amps/Pre Amps/Other Components, 2x Air filters, CCTV, and 2 lights left on at all times when I'm not sleeping.

At the moment I have the A/C on, 2 tape decks, 1 cd player, the WOPL, Pre amp, Computer with 2 monitors, 3 Air Filters, 2 Lights and I'm drawing about 1400 watts from the grid at 250 volts.

 

[derek92994]

Why would you put 98 octane in your 4 cylinder? 91 or 93 should be more then fine, even 87 or 89 would be fine

I get better mileage from 98 octane, also the car runs better, more power, and starts on half a turn.

 

[derek92994]

Also we don't have anything less than 91 octane here in australia. You can even get 100 octane but that includes ethanol (don't like the stuff, evaporates before you can burn it).

 

[Northwinds]

I get better mileage from 98 octane, also the car runs better, more power, and starts on half a turn.

Derek, hate to burst you bubble but that is ALL fallacy. I am sure Lee can explain it. Also, your car should have a recommended octane. You only run high octane in high performance engines and if you have pre detonation problems. I know this, I was a mechanic half my life. I ran 93 in a 500+ hp Firebird, anything less was a problem

We can get 108 octane gas here but it's quite expensive