AZDuffman
AZDuffman
Joined: Nov 2, 2009
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February 28th, 2012 at 4:00:25 PM permalink
Quote: teddys

Good question. Downstream refineries are usually located closer to population centers and transportation hubs; e.g., here in the Midwest, there are a lot along the shores of the Great Lakes in Gary, Toledo, Detroit, etc. Saves on the shipping costs, and probably more efficient economically. The oil pipeline must make sense from an economic point of view otherwise they wouldn't be clamoring to build it. I don't understand what the holdup is.



Yes, you refine closer to market not closer to production. You ship one product the long distance then the dozens of refined products the short distance.

Obama is blaming the GOP for "forcing a quick decison" on him. Now, in WWII they built a pipeline form the TX/LA area to the northeast in less time than he wants to "study" this one. The USA is afraid to do anything anymore, so risk adverse.

As to gas, it is touching $3.759 here in SW PA. I expect $4+ about April 1st or whenever they have to switch the blend, with the price either bumping or holding right at the end of March depending on if they need to empty the tanks of winter-blend or if they run short at the last minute. I predict the peak nationally to be about $4.809 in July with high-cots markets at $6.
All animals are equal, but some are more equal than others
duffytootx
duffytootx
Joined: Dec 15, 2011
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February 28th, 2012 at 4:16:43 PM permalink
$3.54 here in South Central Texas.
thecesspit
thecesspit
Joined: Apr 19, 2010
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February 28th, 2012 at 4:27:28 PM permalink
Quote: EvenBob

It was $3.64 when I went to the store today
and $3.84 on the way home. Up .20 in one day.



Here I've seen it change 20c a LITRE in the course of an hour before. It's nuts.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
JohnnyQ
JohnnyQ
Joined: Nov 3, 2009
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February 28th, 2012 at 5:22:18 PM permalink
$ 3.79 here in the heartland as of today, 02/28/2012.
You know the type always acting cool, Pretender;Take the risk or give up your cards, Pretender, Oh, Oh. - Iris/Avsec
YoDiceRoll11
YoDiceRoll11
Joined: Jan 9, 2012
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February 28th, 2012 at 7:33:40 PM permalink
Just clocked $4.05 across the street. Downtown Seattle much higher.
WongBo
WongBo
Joined: Feb 3, 2012
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February 29th, 2012 at 5:16:00 AM permalink
New York City
Manhattan 3.99 (4.29 in prime locations)
Queens 3.79
In a bet, there is a fool and a thief. - Proverb.
98Clubs
98Clubs
Joined: Jun 3, 2010
  • Threads: 52
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March 5th, 2012 at 12:10:39 AM permalink
about $3.80 for 87 grade and $3.95 for 93 grade

Diesel $4.30. Diesel CARS get about 50% better fuel mileage on the highway than gas. (54 vs. 36). Around town its about 20% (37 vs. 30). My Diesel VW gets these numbers, and I compared it to the better of the new crop of 4 cyl gassers. But those gasoline 4-cylinder card fade on hills... the diesel will torque right on up the hill (8% grade 3/4 mi.)
Diesel PickemUps much, much worse... oversized engines 5.7L Turbo Diesel??? You haulin a boat to work every day?
Some people need to reimagine their thinking.
EvenBob
EvenBob
Joined: Jul 18, 2010
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March 5th, 2012 at 12:18:17 AM permalink
It just went up to $3.94 in W MI today. 10 days ago it was $3.64
"It's not enough to succeed, your friends must fail." Gore Vidal
Face
Administrator
Face
Joined: Dec 27, 2010
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March 5th, 2012 at 4:44:10 PM permalink
$3.76, and that's on the rez. I remember when I graduated....it was $0.69! And I'm only 31! ><

Last week in South Buffalo I saw it at $3.93. I'm sure it's gone up since then.

Quote: 98Clubs

Diesel PickemUps much, much worse... oversized engines 5.7L Turbo Diesel??? You haulin a boat to work every day?



Since you brought it up... Is there a way to come out better by buying a diesel truck? I always hear the diesel arguement about gas mileage and torque, and if I was just ripping around, I'd buy a Jetta TDi in a heartbeat. But I have toys and live in ski country, so I NEED a truck. I'm in the market, so is there any similarities between the truck and car?

I currently drive a 2005 Silverado 1500 automatic with a gas 305. I spend $400 a month (!) on fuel and that's JUST to get to work and back, forget running errands or extra curriculars. I'd switch to diesel in a heartbeat if it was the same arguement as the car, but like 98clubs says, it seems diesel trucks are 8ltr V-10's, or Ford F5000 quintuple cab's or some other giant monstrosity I don't need. Can you get a 1500 sized diesel and get 30%+ better mileage still?
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WongBo
WongBo
Joined: Feb 3, 2012
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March 5th, 2012 at 4:53:57 PM permalink
Where is that?
Gas hasn't been under $.70 a gallon since the 70's...
In a bet, there is a fool and a thief. - Proverb.

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