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Diesel prices in U.S. top $6 a gallon for first time

cbsnews.com

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Re: Diesel prices in U.S. top $6 a gallon for first time

#11

Post by sleepyguy »

The Ukraine angle is another cheap shot by CBS (state sponsored news). Prices are rising because of Trumps adventurism in the the ME and now that the Houthies will likely control the Bab el-Mandeb Strait, world markets are reacting.

There is nothing stopping US refineries from producing more diesel, you can use both sweet and sour, this is speculators squeezing the markets.

What a great time it should be to electrify heavy transportation. If they can do it in mining and construction, why can't transportation...

Re: Diesel prices in U.S. top $6 a gallon for first time

#14

Post by blitzar »

MuffinFlavored wrote: post #7

What is it "inflation adjusted" or is that cyclical because inflation itself measures/is a measure of the cost of diesel (which bleeds into the cost of goods and services)?

> up 60% from a year ago

Inflation is high ... but not that high

Re: Diesel prices in U.S. top $6 a gallon for first time

#17

Post by sleepyguy »

ck2 wrote: post #2

and remember $6 is average, diesel is $10 in some places even if you do not drive, it affects every delivery imagine this pattern through 2029 https://gasprices.aaa.com/ 800 more days, even just a penny increase per day we're out of $4 Million dollar tomahawks and the iranians have endless supply of $50K drones strategic oil reserve is about to experience permanent catastrophic damage from being drained too low

>strategic oil reserve is about to experience permanent catastrophic damage from being drained too low

Apparently salt domes have a life span, you pump water in to remove oil. The water wears at the domes and removes more salt creating a larger cavern. It's not that we pumped out so much oil lately, it's because we were pumping out little bits over the last 5 decades constantly wearing at the domes. They were created at the time to only be used in a catastrophic situation, not when ever you want to control the price of oil......

Either way, you are correct in that their life has come to an end, we will require more expensive above ground storage going forward or we can electrify.

Re: Diesel prices in U.S. top $6 a gallon for first time

#18

Post by margalabargala »

MuffinFlavored wrote: post #7

What is it "inflation adjusted" or is that cyclical because inflation itself measures/is a measure of the cost of diesel (which bleeds into the cost of goods and services)?

It's up 60% from a year ago, so adjusted for inflation, it's actually only up about 57% from a year ago.

Re: Diesel prices in U.S. top $6 a gallon for first time

#19

Post by rob74 »

t1234s wrote: post #12

In the late 90's/ early 2000 Diesel was about the same cost as regular gas and then at some point its about the same cost as premium gas. Is there any reason why Diesel costs more? I was always under the impression that it was a less-refined fuel therefore cheaper.

Supply and demand? Over here in Germany, Diesel was cheaper than (any kind of) gasoline for a long time, but that has also changed recently (Gemini says since Russia attacked Ukraine in 2022, so another thing to blame Putin for), now it's about 5% more expensive...

Re: Diesel prices in U.S. top $6 a gallon for first time

#20

Post by MrRadar »

t1234s wrote: post #12

In the late 90's/ early 2000 Diesel was about the same cost as regular gas and then at some point its about the same cost as premium gas. Is there any reason why Diesel costs more? I was always under the impression that it was a less-refined fuel therefore cheaper.

Ultra-low-sulfur diesel became mandated in 2006 as the only type that was legal to sell for road use. That requires extra refining to remove the naturally-occuring sulfur from the fuel which is why the cost went up.
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