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dukey
Light Sweet Crude
Joined: Feb 20, 2005
Posts: 1996
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 Posted: Thu Jan 03, 2008 9:45 pm Post subject: Re: Another Gasoline Record |
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i saw diesel at £1.13 per litre today
highest i've ever seen that |
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Tanada
Expert
Joined: Apr 28, 2005
Posts: 3443
Location: West shore Lake Eire, MI, USA
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| Posted: Fri Jan 04, 2008 6:05 am Post subject: Re: Another Gasoline Record |
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| dukey wrote: | i saw diesel at £1.13 per litre today
highest i've ever seen that |
Could you post this to the Diesel fuel thread, its lieing dormant around here somewhere waiting for action.
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Oxygen: - An intensely habit-forming accumulative toxic substance. As little
as one breath is known to produce a life-long addiction to the gas, which addiction invariably ends in death.--Isaac Asimov |
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frankthetank
Fusion
Joined: Sep 16, 2004
Posts: 4279
Location: Southwest WI
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| Posted: Tue Feb 12, 2008 11:55 am Post subject: Re: Another Gasoline Record |
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Gas prices jumped a nickel yesterday. First time in a long time. We had been at 3.02...now 3.07... Last year we were down to $3 around this time. Wonder what next Feb holds!
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"Oil is going up because we use too much oil, and the capacity to replace reserves is dwindling"
-President Bush 11/07/07 |
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lawnchair
Intermediate Crude
Joined: Oct 20, 2004
Posts: 722
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| Posted: Tue Feb 19, 2008 8:54 am Post subject: Re: Another Gasoline Record |
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Front-month (March) RBOB gasoline is at $2.58. I think that is record territory again. April, May, and June contracts have all broken $2.70 at this moment. Alon refinery or more than that?
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At 1% annual growth, human bodies will incorporate every gram in the observable universe in approximately 10,170 years. |
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DantesPeak
Expert
Joined: Oct 23, 2004
Posts: 5503
Location: New Jersey
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| Posted: Tue Feb 19, 2008 9:14 am Post subject: Re: Another Gasoline Record |
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| lawnchair wrote: | | Front-month (March) RBOB gasoline is at $2.58. I think that is record territory again. April, May, and June contracts have all broken $2.70 at this moment. Alon refinery or more than that? |
Seems to be a record, and I expect a retail average US price record within months - if not weeks.
The Alon refinery, per company officials this morning, is indefinately closed. The other factor today seems to be a growing opinion that OPEC will cut March output. This is actually comfirmed by a lesser amount of tankers being hired for oil exports in March.
However gasoline is also being pushed higher by a sharp rise in the price of blending components needed for summer gasoline (needed in March in some southren US locations). 15% to 30% of the gasoline mixture in 'summer' are blending components. |
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PeakingAroundtheCorner
Heavy Crude
Joined: Apr 08, 2007
Posts: 460
Location: Cleburne, TX, USA
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| Posted: Tue Feb 19, 2008 2:50 pm Post subject: Re: Another Gasoline Record |
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As you guys predicted last summer, looks like the summer of '08 is going to get very interesting.
And that was before the Alon closure.
Oh. crap. |
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Ferretlover
Moderator
Joined: Jun 13, 2007
Posts: 3353
Location: Minniesotuh
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| Posted: Tue Feb 19, 2008 2:59 pm Post subject: Re: Another Gasoline Record |
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Oil is over $100 again...
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"RRrrruuuunnnn!!!" ~Apocalypto |
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Zardoz
Expert
Joined: Dec 02, 2005
Posts: 6284
Location: Oil-addicted Southern Californucopia
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| Posted: Tue Feb 19, 2008 3:04 pm Post subject: Re: Another Gasoline Record |
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Well, I'm impressed:
Those are some seriously healthy spikes. Nothing like a thunderous refinery blast to get peoples' attention.
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"Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen |
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whereagles
Intermediate Crude
Joined: Aug 17, 2005
Posts: 576
Location: Portugal
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| Posted: Wed Feb 20, 2008 6:54 am Post subject: Re: Another Gasoline Record |
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| We've had refinery problems and not much has happened... in fact, I don't quite understand why we're seeing these 100$ spikes. January production was 87 mbd, demand was steady, new giant wells being found... beats me. |
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sjn
Intermediate Crude
Joined: Mar 09, 2005
Posts: 540
Location: UK
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| Posted: Wed Feb 20, 2008 7:17 am Post subject: Re: Another Gasoline Record |
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| whereagles wrote: | | We've had refinery problems and not much has happened... in fact, I don't quite understand why we're seeing these 100$ spikes. January production was 87 mbd, |
Perhaps because it wasn't. | Quote: | | demand was steady, |
Yet predictions were that demand would be down. | Quote: | | new giant wells being found... |
Not nearly enough to make up for depletion, and even if there was it takes years to bring new production on-line.I think it's increasingly clear that the recent up trend in production was something of a mirage, the forecast OPEC cuts imply that their boost was temporary and unsustainable, meanwhile back months production figures are getting revised downwards. |
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Palkerss
Tar Sands
Joined: Mar 09, 2005
Posts: 46
Location: Gdynia, Poland
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| Posted: Sat Feb 23, 2008 4:10 pm Post subject: Re: Another Gasoline Record |
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Prices in dolar / gallon, quoted from Weekly Retail Premium Gasoline Prices (Including Taxes)
| Code: |
Date Belgium France Germany Italy Netherlands UK US
2/19/96 3.94 3.89 3.97 3.94 4.27 3.03 1.27
2/18/08 7.93 7.52 7.70 7.58 8.59 7.67 3.27 |
I love the comparison (forgive me for the offtopic). |
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furrydog
Tar Sands
Joined: Jan 30, 2008
Posts: 55
Location: St. Louis
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| Posted: Sun Feb 24, 2008 11:19 pm Post subject: Re: Another Gasoline Record |
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| In St. Louis today, gas was hovering the $3 per gallon mark. Over in Illinois, it was around $3.15. Diesel in Illinois was between $3.50-$3.70. |
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Armageddon
Fission
Joined: Apr 13, 2005
Posts: 2899
Location: St.Louis, Mo
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| Posted: Sun Feb 24, 2008 11:26 pm Post subject: Re: Another Gasoline Record |
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| furrydog wrote: | | In St. Louis today, gas was hovering the $3 per gallon mark. Over in Illinois, it was around $3.15. Diesel in Illinois was between $3.50-$3.70. |
$2.98 out here in Wildwood, Mo. Suburb of St. Louis |
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Roy
Intermediate Crude
Joined: Jun 18, 2004
Posts: 714
Location: Western North Carolina
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| Posted: Mon Feb 25, 2008 6:57 am Post subject: Re: Another Gasoline Record |
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| $3.14/gal for regular unleaded here in the foothills. $3.09/gal for diesel. |
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Troyboy1208
Intermediate Crude
Joined: Apr 26, 2006
Posts: 504
Location: Orlando FL
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| Posted: Mon Feb 25, 2008 10:28 am Post subject: Re: Another Gasoline Record |
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| 3.18 here. What I don't understand is that we have the greatest gas inventory on hand since the early 90s. Yet with saying that the price of gas keeps going up? Is it the dollar? Is it 100 dollar crude? Its not because of enough supply thats for sure. |
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