Record fuel prices etc.

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Record fuel prices etc.

Postby leftcoastjeff » Fri Jun 06, 2008 5:58 pm

Just the facts, Just the facts man.

diesel costs more than RUG (how the heck did that happen? Isn't diesel a by-product?)

RUG
2002- $1.22
2005- $2.39
2008- $5.00

Gas up $0.23 in one week/ $1.01 in a year.

$10.75 (one day record) jump on a barrel of sweet crude.

And to top it off,

The dow fell near 400 points.
Glad I don't have any investments there!

If people stop eating out because they can't afford it, friers will go cold along with our sources.

On a brighter note, one close friend has passed away, on the way to the hospital (wife driving), and another is in his last days on earth. RIP my friends :cry:
Neither had insurance, could'nt afford it on their fixed income+side jobs blowing ballons/creating props/inventing/ being a great clown.


All in all it's been one hell of a week!

How was your week?

LCjeff

OBTW is that "off topic" enough?
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Re: Record fuel prices etc.

Postby hheynow » Fri Jun 06, 2008 6:23 pm

leftcoastjeff wrote:Just the facts, Just the facts man.

diesel costs more than RUG (how the heck did that happen? Isn't diesel a by-product?)



Not a by-product of RUG but just another product refined from that same barrel of crude.

Image

Now how diesel all of a sudden starts costing more than RUG is still a mystery.
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thanx

Postby leftcoastjeff » Fri Jun 06, 2008 6:30 pm

thanks for the facts,
They don't add up for me, is it a demand issue? whatever the market will bear?

LCjeff
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Postby SunWizard » Fri Jun 06, 2008 7:29 pm

Yes its supply/demand. The 18 wheelers need a lot of diesel, and jet fuel is almost the same portion of a barrel so competes for supply. Plus now that our diesel is lower sulfur and meets the euro standards, exports of it have gone up exponentially. And the process to make it lower sulfur costs more than the old D2.
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