Buffalo Cody Posted August 13, 2015 Member ID: 22534 Group: *** Clan Members Followers: 15 Topic Count: 3 Topics Per Day: 0.00 Content Count: 132 Content Per Day: 0.04 Reputation: 110 Achievement Points: 1061 Solved Content: 0 Days Won: 0 Joined: 04/23/15 Status: Offline Last Seen: 15 hours ago Birthday: 04/17/1953 Device: Windows Share Posted August 13, 2015 PS John there used to be 8 refineries in Michigan last I knew down to 1-so keep up the good work oilman hxtr 1 Link to comment Share on other sites More sharing options... Awards
Sammy Posted August 13, 2015 Member ID: 3036 Group: ***- Inactive Clan Members Followers: 31 Topic Count: 219 Topics Per Day: 0.05 Content Count: 9419 Content Per Day: 2.07 Reputation: 7515 Achievement Points: 62539 Solved Content: 0 Days Won: 21 Joined: 11/29/11 Status: Offline Last Seen: December 30, 2023 Birthday: 04/26/2008 Device: Windows Share Posted August 13, 2015 Perhaps. But then again it sure seems that gas prices are tied into crude oil prices closely when they go up. Just not when they go back down. It's not about cost. It's about what the market can bear. hxtr 1 Link to comment Share on other sites More sharing options... Awards
hxtr Posted August 13, 2015 Member ID: 220 Group: **- Inactive Registered Users Followers: 147 Topic Count: 595 Topics Per Day: 0.11 Content Count: 16950 Content Per Day: 3.16 Reputation: 13538 Achievement Points: 129713 Solved Content: 0 Days Won: 120 Joined: 09/04/09 Status: Offline Last Seen: October 26, 2023 Birthday: 04/05/1970 Device: Windows Author Share Posted August 13, 2015 I am in the oil / gas industry and I have to tell you that its not the price of a barrel that determines the price of the gallon you buy. The barrel price determines what the refinery pays for it. The refining business has been historically poor. When prices are high and demand gets low (2 yrs ago) margins are small....this makes refineries a poor source of income for oil companies so they shut them down. Now that the world is awash in crude (domestic, Saudis, Iran in the game) refineries are seeing better margins...its simple really and everyone of you would do the same...spend years at low margins and lower demand (people turn down the heat and drive less when energy is expensive) then when things turn around enjoy a relatively decent margin. if refineries cannot make a profit they close...too many have in the last 15 years... then throw in transportation of the product, handling, storage, insurance, etc... Its coming down...never as fast as it goes up but its coming down... The price of a barrel means nothing to you and me but its what they talk about on Bloomberg so that's what we know...there is a whole other side of petroleum production that determines the final price of a gallon PS: a barrel is 44 gallons not 55 for those of you doing dollar / gallon math. That is the point about why the gas prices are suppose to go up.. do to the refineries. They can't or say they can't supply the demand. And if they can then they have to ship the gas in from afar.. increasing the cost to transport it. Neat seeing everyone's gas prices. Link to comment Share on other sites More sharing options...
Damage_inc- Posted August 14, 2015 Member ID: 2048 Group: ***- Inactive Clan Members Followers: 0 Topic Count: 294 Topics Per Day: 0.06 Content Count: 6689 Content Per Day: 1.37 Reputation: 4709 Achievement Points: 48999 Solved Content: 0 Days Won: 5 Joined: 12/15/10 Status: Offline Last Seen: November 29, 2023 Birthday: 05/30/1967 Device: Windows Share Posted August 14, 2015 you are correct from 2.49 last week friday to now 3.17 today and its even higher then that at various stations hxtr 1 Link to comment Share on other sites More sharing options... Awards
Leadfinger Posted August 15, 2015 Member ID: 4888 Group: ***- Inactive Clan Members Followers: 56 Topic Count: 69 Topics Per Day: 0.02 Content Count: 2020 Content Per Day: 0.49 Reputation: 3795 Achievement Points: 26312 Solved Content: 0 Days Won: 3 Joined: 01/12/13 Status: Offline Last Seen: July 29, 2023 Birthday: 08/29/1962 Device: Windows Share Posted August 15, 2015 I paid $2.68 a gal for 85.5 octane today here in Montana I hear on the radio that the government is blocking American export of our crude oil and that we have a surplus . . ??? The oil companies want to sell their product overseas they have so much on hand . . . . .seems to me the price should be going down like that girl from high school . . .what was her name again . . ??? hxtr and little_old_man 2 Link to comment Share on other sites More sharing options... Awards
deerejon Posted August 15, 2015 Member ID: 842 Group: *** Clan Members Followers: 62 Topic Count: 278 Topics Per Day: 0.05 Content Count: 3712 Content Per Day: 0.70 Reputation: 3150 Achievement Points: 28451 Solved Content: 0 Days Won: 4 Joined: 12/06/09 Status: Offline Last Seen: April 30 Birthday: 05/04/1965 Device: Windows Share Posted August 15, 2015 Since the gas crisis in the 70's american companies have not been able to export crude... They have beem able to export refined product with the one exception being Canada, who refines it and sends it back...again... Its all about the bass err i mean refineries...they closed a shit ton of them and made it to costly to open new ones...years of applications and fees and regulations... So no one does... Obama let us export to mexico kust recently but its not a sale its a swap... Our WTI (sweet crude) for their heavy crude... Whoopie doo hxtr 1 Link to comment Share on other sites More sharing options... Awards
KingStinger! Posted August 15, 2015 Member ID: 2465 Group: +++ Minecraft Head Admin Followers: 30 Topic Count: 170 Topics Per Day: 0.04 Content Count: 1818 Content Per Day: 0.38 Reputation: 1937 Achievement Points: 14559 Solved Content: 0 Days Won: 2 Joined: 05/06/11 Status: Offline Last Seen: April 27 Birthday: 04/17/1972 Device: Windows Share Posted August 15, 2015 Gas just shot up to a record high here over night at a time when the price of the barrel is nearly at a 60 year low. Bunch of crooks. Link to comment Share on other sites More sharing options... Awards
hxtr Posted August 15, 2015 Member ID: 220 Group: **- Inactive Registered Users Followers: 147 Topic Count: 595 Topics Per Day: 0.11 Content Count: 16950 Content Per Day: 3.16 Reputation: 13538 Achievement Points: 129713 Solved Content: 0 Days Won: 120 Joined: 09/04/09 Status: Offline Last Seen: October 26, 2023 Birthday: 04/05/1970 Device: Windows Author Share Posted August 15, 2015 Told you. Fucking sucks. KingStinger! and Damage_inc- 2 Link to comment Share on other sites More sharing options...
Kurt Posted August 16, 2015 Member ID: 22641 Group: **- Inactive Registered Users Followers: 17 Topic Count: 12 Topics Per Day: 0.00 Content Count: 37 Content Per Day: 0.01 Reputation: 31 Achievement Points: 411 Solved Content: 0 Days Won: 0 Joined: 06/13/15 Status: Offline Last Seen: July 11, 2020 Share Posted August 16, 2015 I bought a diesel in 2006 and within 2 yrs a gallon went from $3.25 to $4.50 a gallon. Now it's great, I can fill up for under a hundred dollars since diesel is $2.75 gal. No matter what it costs here it is still far cheaper than what they are paying in Europe. Shit man, in Norway at the only gas station in Dale, we paid $14 a gallon and $22.00 for a cheese burger!! I'm glad I don't smoke either, $17.00 a pack ouch! hxtr 1 Link to comment Share on other sites More sharing options...
Recommended Posts