RV Fuel Issues & Prices - Post 'Em Here!

Fracking is changing entire equation. It also putting the product nearer to the end users. Oil is refined into many things other than gasoline. I'd love to see us go to CNG for transportation fuel and that is starting to happen in a big way. Gasoline usage will go back up if pricing goes back down.

I might point out that in Fisker's bankruptcy dealings, it has come out that they spent $623,000 for each of their Karma plug in hybrids sold that went for $104,000, which is a loss of over $500,000 each. Attempts to make it up in volume have failed as they have not made on since July and have laid of 80% of their employees. Both Chinese investor companies have dropped out and no bidders are left. US taxpayers are left once again on the hook. Bad news is that teen heart throb has wrecked his.

Interestingly the rocket scientists in Senate & House wanted to spend taxpayers money on more refinery capacity. We have since closed about 15% of refinery capacity due to low demand. Two refineries back east that specialized in refining light sweet crude have a new lease on life with the crude recovered from fracking which is adding 700,000 bbls day of capacity.

You mistake crude oil and gasoline. Due to reduced usage and prices, we have some excess refining capacity for gasoline. We take imported oil, refine it into products such as plastics, gasoline and the like and export it to foreign countries. This provides jobs for American that would otherwise not have them. This is a good thing. The price of gasoline is not affected. Think of it as manufacturing. The same for those distillates.

85,000 barrels per day of gasoline is being exported every day to Venezuela as of last November. We have plenty of refinery capacity.
We also export distillates elsewhere; Mexico, the Netherlands and Brazil were top destinations for US distillate exports

link

Greydog 1 wrote:
Much less fuel THAN even today? What are they planning? Raise the prices so high no one can buy food and fuel at the same time?. Oh-food and fuel don't go together in same sentence...sorry.

The latest CAFE standard requires 56 MPG

Much less fuel THAN even today? What are they planning? Raise the prices so high no one can buy food and fuel at the same time?. Oh-food and fuel don't go together in same sentence...sorry.

$3.19 at the flying J at exit 104 I-95. had a sign inside that the discount/rebate coupons were no longer accepted, they were working on a new system for professional drivers. no doubt tied in with their corporate raid.
bumpy

tomman58 wrote:
Here's a little gem from Forbes.
The good news for motorists is that gasoline prices are expected to be more affordable in the coming months than they were during the two preceding summers. According to the U.S. Energy Information Administration’s (EIA) just released Short Term Energy Outlook, retail gas prices are expected to average $3.63 a gallon during this summer’s driving season. This figure is slightly below the $3.69 figure recorded last year and $3.71 in summer of 2011, and is only slightly higher than the national average of $3.61 a gallon as of April 8.

This sunny forecast is largely based on an expected decline in crude oil prices combined with higher gasoline inventory levels and a continuing drop in demand due to increased small-car sales and other factors. The EIA predicts the price of Brent crude oil (a benchmark that’s tied to wholesale gasoline costs in the U.S.), will average $107.50 per barrel this summer, which would be around $1.50 less than it was during the same period in 2012.

Good news, huh??? It's still a rip off as far as I'm concerned. More $$ out of your pocket so you have less $$ to spend on goods and services. Gasoline prices have stagnated in my neck of the woods. But there is a hint of spring in the air.

$3.29 locally for a few days.

Certainly good news from Forbes. What that means is instead of the robber using heavy artillery to get our money, the robber can now use a B-B Gun to achieve the same thing. Less pain but still pain. Now that this is published, does that mean production will be cut so the price will rise? Maybe cut out a refinery or so just so havoc is created. If they could water gas down more, would that reduce the price?