View Full Version : Gas prices down another 10c a gallon this week..
..man it's nice to live in Texas... ;)
That makes the total price drop since the Hurricanes came through almost $1... :)
graywolf624
10-28-2005, 10:27 AM
About the same here... So far my predictions are holding, though I know better then to say I told you so until my prediction is reached.
nthfinity
10-28-2005, 12:17 PM
its $2.36/gal here now... its been going down 10c per week for a while now :) just 14 weeks to go :lol:
edit:
Sod the diesle guys :lol: cetane and home heating oil comes from similar places.. theya re running more then ever @ 2.99-3.35/gallon
graywolf624
10-28-2005, 12:24 PM
Sod the diesle guys cetane and home heating oil comes from similar places.. theya re running more then ever @ 2.99-3.35/gallon
Not completely true.
Diesel and other heavier oils come from a different portion of the barrel. One postulation my father used(I disagree with it from a gas price perspective based on my speculation belief, but he did once drive a gasoline truck so it's not like he's a complete newbie to the discussion) was that a ramp up in diesel production has occured and as a result the gas price has dropped based on the increased production of what is left over.
I'm just curious to see if my prediction here about a few months ago that everso and some hedge fund trader attacked me on, will come to fruition. Given I said less then 2 dollars a gallon within a year, I'm pleased at my position. However, I don't know if I were forbes with the 1.20 prediction I would be feeling positive just yet.
nthfinity
10-28-2005, 12:45 PM
http://tonto.eia.doe.gov/oog/info/twip/twip.asp
However, the supply/demand balance is much different for diesel fuel. Diesel fuel and heating oil are both included in a category labeled distillate fuel in our weekly surveys. These products are very similar, with the notable exception that diesel fuel for highway use has less sulfur in it. To the extent that diesel fuel can be used as a substitute for heating oil, the two products often find their prices moving in similar directions. Since heating oil prices are generally highest when demand for the product peaks, diesel prices also often peak as cold weather occurs, as owners of diesel-fuel-powered vehicles will tell you. As can be seen from EIA’s data, demand for distillate fuel often increases from September to October. This is typically a result of slightly colder weather in October, but it also relates to increased use of diesel fuel in the agriculture sector during harvest time. While demand for distillate fuel seasonally increases over this period, supplies have grown substantially less than those of gasoline. While distillate fuel production has increased some as a result of most refineries returning to normal operating levels following the hurricanes, it has not grown by nearly as much as gasoline production. We have not seen record imports for distillate fuel either. In fact, up until last week (the week ending October 21), distillate fuel imports were possibly even lower than they typically would be, as strong global demand for diesel may have limited available supplies from other countries. As a result, retail prices for both diesel fuel and heating oil have not dropped like those for gasoline. Nevertheless, with distillate fuel imports last week reaching their highest level since January 2005, and with most of the increase in refinery production seen in distillate fuel rather than gasoline, there may be signs that the distillate fuel supply situation is improving. But with the first bout of much colder-than-normal weather hitting the East Coast this week (where most of the heating oil use occurs), demand is likely to increase as well. How fast supply and demand for distillate fuel rise will be the largest determinant for the future path of diesel fuel prices.
graywolf624
10-28-2005, 01:07 PM
huh.. This article is talking about heating oil and diesel comming from the same place. Both are outrageously high.
This isnt talking about these and gas comming from a similar location. Gasoline being the value decreasing.
edit- oh I apparently misunderstood your first statement that I quoted.
Well - gas price was down another cent when I passed the station at lunch time ;)
nchs09
10-28-2005, 09:19 PM
Sod the diesle guys cetane and home heating oil comes from similar places.. theya re running more then ever @ 2.99-3.35/gallon
One postulation my father used.i read... " one prostitue my dad used :"
:nervous
blinkmeat
10-28-2005, 09:26 PM
Time to buy stocks in the pipline industry in Canada :wink:
Sachmo12345
10-28-2005, 09:41 PM
i noticed that i am relieved when i see premium at 2.45$ per gallon when a year ago i wouldve been really pissed. They are training us to pay more.
blinkmeat
10-28-2005, 09:49 PM
^^
:shock: :lol: :mrgreen:
Prices will be at $1.80 a gallon before Christmas..
TransAm
10-28-2005, 11:10 PM
..man it's nice to live in Texas... ;)
That makes the total price drop since the Hurricanes came through almost $1... :)
:mrgreen: still a shocking $2.49 a gallon for premium though :x
the gas will be low, but the oil for heating your house will rip you a new asshole!!
I told you people that living in the snow belt is moronic... ;)
Now you pay - through your newly ripped 2nd arsehole ;) :P
blinkmeat
10-28-2005, 11:31 PM
but the snow is awesome
but the snow is awesome
yes yes, the more snow the merrier in my books and they can raise the oil price all they want cause we dont use oil. :P
How do yo uheat your house then? Farts?
blinkmeat
10-29-2005, 10:17 PM
we live in igloos - duh
blinkmeat
10-30-2005, 12:08 AM
it happens
blinkmeat
10-30-2005, 08:43 AM
Solar for us
blinkmeat
10-30-2005, 04:54 PM
We only have solar for our cottage actually - an my old man just bought a bunch of the ones from Canadian tire - an dthey seem to work fine. :D
I'd look into turbine too if I were you :fadein:
^^ So you have no electricity or natural gas bills then? None what so ever?
graywolf624
10-31-2005, 03:39 PM
I made no predictions on heating oil might I remind you...
Note to self.. buy a house with electric heat and a fireplace.
Well - the electric companies haven't exactly been handing out low bills either... :(
graywolf624
10-31-2005, 04:40 PM
Nuclear power is still the wave of the future.. and Ill go cut down the tree in my back yard while I wait.
nthfinity
10-31-2005, 07:14 PM
Nuclear power is still the wave of the future.. and Ill go cut down the tree in my back yard while I wait.
you and the rest of the north east ;)
wood stoves are actually quite popular, and useable... but I can make any heating/ A/C work 30-80% more efficant :-D unfortunately, we arent international yet :|
Nuclear power is still the wave of the future.. and Ill go cut down the tree in my back yard while I wait.
you and the rest of the north east ;)
wood stoves are actually quite popular, and useable... but I can make any heating/ A/C work 30-80% more efficant :-D unfortunately, we arent international yet :|
Something you can sell me to help keep the summer cooling bill donw????
graywolf624
10-31-2005, 08:22 PM
A midget with a large handheld fan?
nthfinity
10-31-2005, 08:26 PM
Nuclear power is still the wave of the future.. and Ill go cut down the tree in my back yard while I wait.
you and the rest of the north east ;)
wood stoves are actually quite popular, and useable... but I can make any heating/ A/C work 30-80% more efficant :-D unfortunately, we arent international yet :|
Something you can sell me to help keep the summer cooling bill donw????
well, for one... i CANNOT disclose trade secrets, suffice to say; we also guarentee success.... so Yes, i can sell you something to keep your cooling bill significantly lower, and depending on your specific billing... about a 2 year return on investment.
i'll PM you some more info before later tonight
edit: we have had costomers accused of stealing power once, and almost every installation has had meteres replaced by the power company :lol: if we were in every building...
nthfinity
10-31-2005, 08:27 PM
A midget with a large handheld fan?
soooo inneficiant LMAO :lol:
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