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Oil Prices

ralphnjoann
Explorer
Explorer
Gasoline and diesel fuel prices have dropped significantly due to the oil "glut," but the price of engine oil has remained basically unchanged. Does anyone know why?
23 REPLIES 23

MEXICOWANDERER
Explorer
Explorer
The crude supply is flooding the earth. Billions of barrels in Australia will feed the far east. Brasil has enough crude to war with Venezuela and supply the refinery on Aruba for 10,000 years. The USA is exporting crude. Russia is sitting on FOUR QUADRILLION BARRELS of recoverable crude. Hundred million barrel reserve just discovered on land in England. Add that to the North Sea BP reserves. The king of Saudi Arabia says the days of hundred dollar crude can "never happen again"

Build a 500,000 barrel a day refinery in Puerto Rico. They would love the jobs.

Like the 4-trillion karat diamond deposit with gemstones far superior to anything coming from Africa, the Russians have their mitts on the diamond supply for the next 100,000 years.

Greed has caught up to the hucksters. The El Boleo mine here in Baja California has introduced a 70,000 ton finished copper addition to the world supply. The chinese have determined Australia has enough copper to feed the world for 3,000 years.

Artificial shortages hurt poor people. The manipulators however stand a good chance of incurring lead poisoning...

NinerBikes
Explorer
Explorer
Oil prices are a slippery up and down slope.

Buy oil stock, that way when gas gets expensive, hopefully the value of your oil stocks go up along with the dividends to pay for it's increase in prices.

down_home
Explorer II
Explorer II
In Etowah, Tn, I think the other day they had diesel for 2.09 but the Edge won't burn it.

MEXICOWANDERER
Explorer
Explorer
Prohibit under felony motor vehicles in DC metro except for the cops and prez
Give all the rest BICYCLES to ride

Chop expense accounts to the bone. NO FEDERAL MOTOR POOL
A federal BICYCLE pool.

Leadership comes from the top.

People HAVE NO CLUE WHATSOEVER how badly high energy costs strangles the economy and cost of living index. The defense industry is making exotic weapons in hundred billion dollar quantities for a non existent enemy, corn speculators are multi millionaires at YOUR expense, while food is skyrocketing in price. Hippies living on the west coast march in protest at the thought of a refinery being built thousands of miles distant...

DA MONKEYS IS RUNNIN' DA ZOO!

JIMNLIN
Explorer
Explorer
bmet2000 wrote:
JIMNLIN wrote:
ralphnjoann wrote:
Gasoline and diesel fuel prices have dropped significantly due to the oil "glut," but the price of engine oil has remained basically unchanged. Does anyone know why?

we the consumers are still paying for 5 bucks a gallon diesel prices that was passed to the consumer through high product prices that will never go down.
modern day "free interprise" system at its best


$5 a gallon? Where is that? It's $2.64 at some stations around here

LOL.....Never said diesel is 5 bucks a gallon at the pump.
Read all I said.
Products such as engine oil/milk/etc or anything that moves by diesel power still have those high fuel prices figured into the price.
This was the down side that was talked about when the feds allowed shippers to pass along the higher fuel costs.
Will lower diesel fuel costs ever be passed back to the consumer ??
"good judgment comes from experience, and a lot of that comes from bad judgment" ............ Will Rogers

'03 2500 QC Dodge/Cummins HO 3.73 6 speed manual Jacobs Westach
'97 Park Avanue 28' 5er 11200 two slides

NinerBikes
Explorer
Explorer
MrWizard wrote:
I filled up yesterday at $2.699 per gal for diesel fuel, regular gas was $2.999
And that here in southern Cali-funny-land


I can get ARCO diesel for 2.69 a gallon on Devonshire and Sepulveda in the SFV, but the lines are long, long, long, and it's a hassle going in and paying cash, then going in and getting change to top off my fuel tank.

My logs indicate the best mpg's being acheived on Unocal and Chevron diesel... sometimes Texaco gives me uber MPG's per fill up also. The diesel fuel sold in UT, ID, MT and WY is the good stuff, really really good stuff, very high MPG's almost every fill up. Conoco, Phillips, and Sinclair, all of them good.


I refuse to buy Shell diesel fuel... 7 to 10% loss in MPG's, it is cut with some sort of crap. It's also the same fuel Kroger, Food King, Ralphs, all the grocery store chains carry for fuel also, despite the grocery discounts offered at 20c a gallon, I don't find any value being gained.

NinerBikes
Explorer
Explorer
It's Sheeple. More like sheep than people with common sense. They have not found a way yet to tamper with diesel fuel, but the damn soybean Liberal Democrap subsidy farmers in Illinois have been trying. I refuse to buy anything with biodiesel in it, if it can at all be avoided. Not when oil abounds.

Are you saying then, that BP p.l.c. is a good buy now on the stock market? :C

MEXICOWANDERER
Explorer
Explorer
Just now read where British Petroleum has discovered ONE HUNDRED BILLION BARRELS OF CRUDE!

ONSHORE IN THE SOUTH OF ENGLAND. The Saudi king can say goodbye to europe meaning every last country as customers.

The oil glut continues. Petrobras, of Brasil increased it's crude oil reserves offshore to 780 BILLION barrels of light sweet crude.

Y'all being taken as a bucket of suckers...

MEXICOWANDERER
Explorer
Explorer
Not..

In the San Diego / Chula Vista area.

Driving from Balboa to Santee only garbage Arco was under three bucks. The average price was around $3.08 with diesel at $2.79.

Gabriel, found water im my fuel filter down here from Mexican gas so I purchased ten gallons of Chevron to get a gallon of ethanol. Good thimg Mexico banned alcohol in the gas - 'cause with shifty transporters and station owners we would be trying to run steam engines.

I positively lost 2.2 miles per gallon or 10% Urban fuel mileage on Chevron gasahol. That car NEVER gets that low of mileage in 80,000 miles of driving. Still looking for ANY PROOF that alcohol does ANYTHING to reduce emissions. What I DID notice is beef prices im the USA being sky high.

You folks are being taken for a ride................

Maybe it's true. The saying that Americans have become SHEEPOLE.

MrWizard
Moderator
Moderator
I filled up yesterday at $2.699 per gal for diesel fuel, regular gas was $2.999
And that here in southern Cali-funny-land
I can explain it to you.
But I Can Not understand it for you !

....

Connected using T-Mobile Home internet and Visible Phone service
1997 F53 Bounder 36s

bmet2000
Explorer
Explorer
JIMNLIN wrote:
ralphnjoann wrote:
Gasoline and diesel fuel prices have dropped significantly due to the oil "glut," but the price of engine oil has remained basically unchanged. Does anyone know why?

we the consumers are still paying for 5 bucks a gallon diesel prices that was passed to the consumer through high product prices that will never go down.
modern day "free interprise" system at its best


$5 a gallon? Where is that? It's $2.64 at some stations around here

JIMNLIN
Explorer
Explorer
ralphnjoann wrote:
Gasoline and diesel fuel prices have dropped significantly due to the oil "glut," but the price of engine oil has remained basically unchanged. Does anyone know why?

we the consumers are still paying for 5 bucks a gallon diesel prices that was passed to the consumer through high product prices that will never go down.
modern day "free interprise" system at its best
"good judgment comes from experience, and a lot of that comes from bad judgment" ............ Will Rogers

'03 2500 QC Dodge/Cummins HO 3.73 6 speed manual Jacobs Westach
'97 Park Avanue 28' 5er 11200 two slides

down_home
Explorer II
Explorer II
.........

NinerBikes
Explorer
Explorer
MEXICOWANDERER wrote:
Just remember your state legislators have a dog in this fight.

State sales tax revenues. Nice to know -everyone- wants high oil prices except the people who foot the bill.


/\ quoted for truth.