Diesel prices

Lowest price gas here in NJ is $3.13 with diesel about $3.70.

Thanks for that lesson in economics, DirtyOil. It's refreshing to hear from someone who actually knows how the world works.

Unfortunately, it seems the education system in the US is woefully inadequate and often slanted. Politicians play on that.

seen on tv the congressman asked the oil man why fuel price was so high? oil man stands up and say cause we can set the price where ever we want, and sat down. oil rules the world not the gov.

Oil and gas are bought sold on the market.. futures, the producer "oilman" says he has 300,000bbls of oil for March delivery, market says he'll buy that 300,00 for $95 USD/bbl. Price of oil goes up March 3rd to $115/bbl, good for the futures guy not so for the oilman cause he already sold his oil for $95/bbl. As a oil/gas producer I have to set my nominations(amount of oil/gas I will produce and put into the system) before the last day of each month for the following month. If I come up short I have to buy the short from someone and most likely at a higher price to make up, if over produce I get penalized or if lucky another producer may require a "top-up" and I can sell my "extra" to him.
You see, there is a lot more to this business then what you see on TV.

What is annoying here is that our province is awash in oil and we pay these high prices! Government taxes and corporate greed are responsible for that!

Not much corporate greed up here, Canadian oil producers get a lot less per bbl of oil, then what they get for WTI or Brent Sea Oil. As the oil produced in Alberta has a higher concentration of sulphur and is heavier (specific gravity) Alberta crude averages about 840kg/m3 where as WTI is much lighter and Brent Sea Oil even lighter. While oil may trade on the stock market $100/bbl. USD, Canadian producers may get $70 USD for the same bbl. Not all Canadian oil producers have their own refinery or fuel outlets. Blame the retailers and Gov. taxes on the price/liter or gallon. The Edmonton refineries are selling at retail a liter of gas at $0.78 Cdn the retailers at the pump are selling that same liter for $1.15 Cdn or more, $0.37 profit/liter!

As for our cousins to the south, allow Alberta to run a pipeline to Texas or the East coast. Number of refineries on the east coast are shut down due to the fact they are forced to buy Brent Sea oil at a ridiculous rate which reduces any profit hence the reason to be shut down. Once the pipeline and North Dakota shale oil starts flowing we will all see the benefits.

The article is not totally correct. Off road diesel and home heating oil are exactly the same....come out of the same tanks. The crude used for ON road is different because of the fed demand for lower emissions.

Up here north of the 49th, the Canadian Gov., follows the US EPA guidelines closely and betters it. In 2006 diesel fuel sold and produced for on road use had to be at or less the 15mg/kg or 15ppm, in 2010 off road diesel sold and produced had to be at or less then 15ppm, in 2012 locomotive and marine use diesel had to be at or less then 15ppm. Up here on and off road diesel come from the same tank only difference is the dye added to off road fuel less tax. I can apply to Gov. for tax relief on on-road diesel or gasoline for business purpose or off-road use, but to make things easier I just use dyed/off-road fuel, either way I get a tax break as a business owner.

Diesel in the Phoenix area runs from $4.21 to about $3.75 a gallon, one station jumped $.12 in one weeks time.

On road and off road diesel ULSD is the same exact thing. One is taxed, one is not and dyed.

As for prices, it is interesting to see we are paying so much for Gasoline, Diesel and Propane yet are at the highes US export levels EVER! So while we are paying way more since 2010, the refiners are shipping more then ever in barrels of refined fuel.


http://www.eia.gov/dnav/pet/pet_move_exp_dc_NUS-Z00_mbbl_m.htm

The article is not totally correct. Off road diesel and home heating oil are exactly the same....come out of the same tanks. The crude used for ON road is different because of the fed demand for lower emissions. What makes no sense is home heating oil is now 4.00 a gallon here and ON ROAD diesel is 4.35....when the road fuel has 70 cents tax the heating oil does not. Like it or not the economy will NOT rebound until the government forces prices down. If the fed can mandate what a farmer gets paid for a gallon of milk why not the sale price of fuel????

I know what you mean about speed!! I find that people run 10 or more miles per hour over the limit and nobody cares. They only clamp down on a section of highway if there are fatalities. Here near Huntington, West Virginia we have a major construction area where it is upgraded from two to three lanes in each direction. It has concrete barriers on each side and no shoulder area for about 3 miles. The posted speed limit is 50 with NO LANE CHANGES. Since this construction has been in progress for over a year with about a year to go, motorist and commercial 18 wheelers are now running 65/70 + in this section with constant lane changes. Law enforcement now has given up and there continues to be some motorist risking everything just to shave 30 seconds off their commute time.

Fuel taxes for gas and diesel are different in my state with diesel at $0.75 per gallon which is $0.05 higher than for gasoline per gallon. The trucking lobby is pushing for higher federal fuel taxes to pay for the roads the trucks beat up and no doubt they will be successful as with all industry lobbies.

I cannot believe that fuel prices are high when the majority of drivers I see on the highway are driving at 75 MPH for trips of 10 miles where they save seconds of their time or see heavy duty pickups blasting but and even lifted 6 inches and with oversize tire. Most Americans complain about high fuel prices but do little or nothing to drive so as to burn less fuel. It will be a milestone moment when I see the majority of drivers driving at 65 MPH.