Diesel Price

Well down to 1.59 for diesel down from 1.67 3 days ago here in north Dallas..

Indiana: I-69 and Highway 38 (Pendleton) -- Ricker's Marathon - Today (Jan 18):

$2.49 here in Lompoc C.A.

Buzzcut1 wrote:
best I have seen for Diesel in California

Holy cra p. Gas is still $4??
Where's all the diesel haters now! Lol

352 wrote:
Where did you get your (facts) or did you just pull it out of.

Well, let's see;
The Chinese stockmarket has just about crashed. Their currency has been devalued by their government in hopes that they will owe less if the value of their buck is worth less. They are in an economic slow down. They use 25% of all the world's oil consumption. If they even cut their oil use, not just for energy, but for petroleum based goods such as plastics, by even 3%, then that alone would drive the market down. I get those facts right off the evening news NBC with Lester Holt. From the Sacramento Bee newspaper, the capital of California. From the Wall Street Journal to name just a few.

2015 Chinese stock market crash
https://en.wikipedia.org/wiki/2015_Chinese_stock_market_crash

China's stock market crash...in 2 minutes
http://money.cnn.com/2015/07/09/investing/china-crash-in-two-minutes/

China Stock Market Crash 2015: Coal, Oil, Gas Profits Tumble Amid Weakened Yuan
http://www.ibtimes.com/china-stock-market-crash-2015-coal-oil-gas-profits-tumble-amid-weakened-yuan-2116568

The super tankers full and parked off the coast waiting to unload, unable to fetch more oil from the middle east from so many sources, it's easier to just google it. Here you go;

Oil glut deepens with 100m barrels at sea from Financial Times
http://www.ft.com/cms/s/0/f763a6da-8859-11e5-9f8c-a8d619fa707c.html#axzz3xZ3KJfn7

Unsold oil stuck on tankers threatens world market gridlock from Reuters out of London
http://www.reuters.com/article/us-oil-ships-delays-idUSKCN0T21E220151113

Something Very Strange Is Taking Place Off The Coast Of Galveston, TX from ZeroHedge.com
http://www.zerohedge.com/news/2015-11-12/something-very-strange-taking-place-coast-galveston

China slowing, global oil glut, tanker after oil tanker lining up in the Gulf of Mexico waiting to unload
http://www.againstcronycapitalism.org/2015/11/china-slowing-global-oil-glut-tanker-after-oil-tanker-lining-up-in-the-gulf-of-mexico-waiting-to-unload/

The Russian economy being oil based can be reviewed here;

The $30 Oil Cliff Threatening Russia's Economy
http://www.bloomberg.com/news/articles/2015-11-29/the-30-oil-cliff-that-economists-see-threatening-russia-in-2016

Russian oligarchs lose $11bn in just 10 days during oil price crash
http://www.telegraph.co.uk/finance/oilprices/12104181/Russian-oligarchs-lose-11bn-in-just-10-days-during-oil-price-crash.html

How does the price of oil affect Russia's economy?
http://www.investopedia.com/ask/answers/030315/how-does-price-oil-affect-russias-economy.asp

The Middle East willing to go to war over oil revenues

What Saudi-Iranian Tensions Mean for Oil Prices
http://www.investopedia.com/partner/blackrock/articles/markets/011416/what-saudiiranian-tensions-mean-oil-prices.asp

Saudi Arabia Cuts European Oil Prices as Middle East Tensions Grow
http://www.wsj.com/articles/saudi-arabia-cuts-european-oil-prices-as-middle-east-tensions-grow-1452005611

Troubles Are Up In The Middle East, Oil Prices Are Down.
http://www.npr.org/sections/thetwo-way/2016/01/05/462065762/troubles-are-up-in-the-middle-east-but-oil-prices-are-down-huh

And so on and so on and so on. Add that the USA just lifted the embargo on Iran to start selling oil too, prices are going to continue to fall as these countries scramble to grab enough money to keep from falling into deep recession. I figured this was common knowledge by now. It's been on just about every network evening news broadcast since October certainly.

skipro3 wrote:

ISBRAM wrote:

352 wrote:
Enjoy it while you can before you have to bend over.

I agree I hope it stays low thru the summer but I think something very bad will happen soon in the Middle East. Then you will need your seat belt on when you see you fast fuel prices will raise back up.

Prices are low because no one on the planet is buying the stuff, so more has to be pumped to get the same cash their economies need to keep from slowing down. The global slow down is causing large users to not buy oil for the energy they don't need to produce stuff they are not producing. And those things they are not producing made of plastic and such, no longer need the oil to make those plastics and such.

The oil producing countries could stop pumping up oil all together and it wouldn't affect oil prices much if at all since manufacturing has just about ground to a halt world wide.

I'm pretty darn sure we are seeing the highest oil prices today that we will see all year in 2016. It's only gonna get lower and the global economy is only gonna get worse.

Where the middle east is on this is; they will go to war in order to protect their one commodity economy. They will pump what ever amount of oil it takes to bring in the dollars they need to maintain their standard of living. No way will they want to go back to herding goats and living in tents. It won't matter though. The world is going to continue to move away from oil for energy even when the economy world market bounces back. China will continue it's slow down for the foreseeable future, so petroleum based products won't be on the rise.
Russia too, is an oil based economy and is already at war. They can't afford NOT to keep the cash flowing with their oil so they too will pump massive amounts of oil to maintain the cash flow.

Ships are full sitting off shore waiting to unload at refineries over filled with gas products and pipelines are too. The only thing I can think we can do as a nation is to take all that cheap oil and pump it back down into our US soil for future reserves. (Although I doubt oil will be the fuel of the future for energy needs.)

Eat, drink and be merry. For tomorrow we die.

Where did you get your (facts) or did you just pull it out of.

John & Angela wrote:
Our little diesel smart car was reading half a tank a couple days ago so I figured I would top it up as diesel dropped to 2.27 here in Socal. I got 4.87 cents in it before it started coming out the spout. Kinda sucked, I prepaid 5 bucks. Didn't go back for my change. :)

Still $1.09 a litre here in Clearwater John, not giving us any breaks, gas in Kamloops Costco @.87.

best I have seen for Diesel in California

ISBRAM wrote:

352 wrote:
Enjoy it while you can before you have to bend over.

I agree I hope it stays low thru the summer but I think something very bad will happen soon in the Middle East. Then you will need your seat belt on when you see you fast fuel prices will raise back up.

Prices are low because no one on the planet is buying the stuff, so more has to be pumped to get the same cash their economies need to keep from slowing down. The global slow down is causing large users to not buy oil for the energy they don't need to produce stuff they are not producing. And those things they are not producing made of plastic and such, no longer need the oil to make those plastics and such.

The oil producing countries could stop pumping up oil all together and it wouldn't affect oil prices much if at all since manufacturing has just about ground to a halt world wide.

I'm pretty darn sure we are seeing the highest oil prices today that we will see all year in 2016. It's only gonna get lower and the global economy is only gonna get worse.

Where the middle east is on this is; they will go to war in order to protect their one commodity economy. They will pump what ever amount of oil it takes to bring in the dollars they need to maintain their standard of living. No way will they want to go back to herding goats and living in tents. It won't matter though. The world is going to continue to move away from oil for energy even when the economy world market bounces back. China will continue it's slow down for the foreseeable future, so petroleum based products won't be on the rise.
Russia too, is an oil based economy and is already at war. They can't afford NOT to keep the cash flowing with their oil so they too will pump massive amounts of oil to maintain the cash flow.

Ships are full sitting off shore waiting to unload at refineries over filled with gas products and pipelines are too. The only thing I can think we can do as a nation is to take all that cheap oil and pump it back down into our US soil for future reserves. (Although I doubt oil will be the fuel of the future for energy needs.)

Eat, drink and be merry. For tomorrow we die.

Saw $1.63 diesel diesel at the Conoco along I-25 in Longmont, CO.