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Re: You might want to gas up today. [Re: mk378] #5312225 01/03/20 02:18 PM
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pitzel Offline
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Originally Posted by mk378
No domestic producer is going to let their oil go for cheap on the domestic market when they could export it and get a higher price.

So there ends up being only one price regardless of where the oil is produced or consumed.


Export capacity is limited. People in, for example, Minnesota or Illinois, which are mostly on Canadian feed, may very well see no difference as their refineries are configured basically to mostly take Canadian feed, and the supply chains cannot easily redirect that production elsewhere.

Re: You might want to gas up today. [Re: pitzel] #5312234 01/03/20 02:34 PM
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Snagglefoot Offline OP
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Originally Posted by pitzel
Originally Posted by mk378
No domestic producer is going to let their oil go for cheap on the domestic market when they could export it and get a higher price.

So there ends up being only one price regardless of where the oil is produced or consumed.


Export capacity is limited. People in, for example, Minnesota or Illinois, which are mostly on Canadian feed, may very well see no difference as their refineries are configured basically to mostly take Canadian feed, and the supply chains cannot easily redirect that production elsewhere.


The mid west refineries love WCS (Western Canadian Select) It’s basically pipeline grade bitumen diluted with condensate. It’s only $ 38 US per barrel but requires specialized refining equipment which all the mid west refineries have.


If you want the job done right......do it yourself.
Re: You might want to gas up today. [Re: Snagglefoot] #5312240 01/03/20 02:41 PM
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Danno Online Content
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A quicker completion of Keystone XL would bring an additional 500,000 bbl of capacity if needed.


2019 Jeep Grand Cherokee Summit 5.7L Hemi
2019 RAV4 Limited Hybrid
2016 Sorento SX V6 AWD
2010 Mazda 3 2.0L
Re: You might want to gas up today. [Re: Snagglefoot] #5312291 01/03/20 03:40 PM
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Dave9 Offline
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Seriously 3% gets you motivated? Every day, 3% price variance doesn't surprise me.

I mean how hard is it to shave 3% off the amount of ham on a sammich, or 3% less toilet paper since you ate 3% less ham? wink

The little things aren't worth the bother. If you have to be a slave to efficiency in everything to the tune of 3%, it will ruin your life.

Last edited by Dave9; 01/03/20 03:41 PM.
Re: You might want to gas up today. [Re: 02SE] #5312297 01/03/20 03:45 PM
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Gebo Online Content
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Originally Posted by 02SE
Originally Posted by Snagglefoot
Something happened in Baghdad.


One less terrorist.


thumbsup


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Re: You might want to gas up today. [Re: Snagglefoot] #5312299 01/03/20 03:53 PM
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Neely97 Offline
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Oil goes up.....good.

Re: You might want to gas up today. [Re: Snagglefoot] #5312312 01/03/20 04:06 PM
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Snagglefoot Offline OP
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If you want the job done right......do it yourself.
Re: You might want to gas up today. [Re: Snagglefoot] #5312354 01/03/20 04:48 PM
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PimTac Offline
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Nervous Nelly speculators did this. Tomorrow it willl go the other way.

If a one day event spooks you that badly then you have bigger issues.


2017 Mazda CX5
Valvoline Advanced Synthetic 0w20
Roki OEM filter.
Re: You might want to gas up today. [Re: Snagglefoot] #5312360 01/03/20 04:54 PM
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Trav Offline
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Some states are pushing for automatic gas tax increases until it reaches $5+ a gallon. Add this on to any effect the current situation is having on fuel prices and watch pickup and SUV sales tank big time.
The problem is American car makers don't produce enough small fuel efficient cars to pick up the slack, the fools put all their eggs on one basket yet again. The Japanese and Korean manufacturers will have a sales boom, not so much the Europeans as those morons have planned an end to the ICE.

Maybe this is what its going to take to wake the Europeans up, the fact that the USA is not the size of a European country and does not and probably will not have the infrastructure necessary for an all electric vehicle society for many years. I mean here they can barely keep the lights on when a ice or wind storm hits, the cable TV is the first thing to go so there goes the emergency broadcast system with it, another brainstorm of some idiot.


ASE L1, Master. Deutsch Meisterbrief.
Re: You might want to gas up today. [Re: Trav] #5312498 01/03/20 07:41 PM
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Y_K Offline
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I still have a few radio sets, strategically located around, in and outside the house. So, even under rubble, after a tectonic event of galactic proportion I will be able to hear the current Houston-London-Frankfurt spreads and strips...
Interestingly, looked up gas prices in Green Bay, where a family member lives now, and their regular to premium spread is huge compared to what we have here. Canadian bitumen hypothesis explains this well. Although, overall, gas is cheaper in WI compared to WA


Re: You might want to gas up today. [Re: Snagglefoot] #5312518 01/03/20 08:06 PM
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tig1 Offline
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I paid $2.18 a gal in St. Louis today.


2007 Ford Fusion 255,000 miles
M1 5-20HM
2017 Ford Fusion 86K
M1 0-20EP
10,000 mile OCIs on both engines
M1 ATF and M1 LV HP ATF
M1 10-30 in all OPE
MC filters

Re: You might want to gas up today. [Re: Snagglefoot] #5312520 01/03/20 08:08 PM
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4WD Offline
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Exxon was $2.19 in Houston

Re: You might want to gas up today. [Re: Snagglefoot] #5312525 01/03/20 08:11 PM
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tig1 Offline
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Here in Illinois our governor added a .19 a gallon tax the 1st of July. Gas is now 2.59-2.69 which is far higher than gas in Missouri which is about 5 miles away.


2007 Ford Fusion 255,000 miles
M1 5-20HM
2017 Ford Fusion 86K
M1 0-20EP
10,000 mile OCIs on both engines
M1 ATF and M1 LV HP ATF
M1 10-30 in all OPE
MC filters

Re: You might want to gas up today. [Re: Snagglefoot] #5312598 01/03/20 09:13 PM
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Illinois can barely service their debt using all revenue sources, not surprised the government there is resorting to fuel tax increases.



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'19 GMC Terrain 1.5 turbo DI I4....(Warren 0W20 1DexosGen2)
'16 Moto Guzzi NTX 1151cc v-twin (Eni 10W60)
Re: You might want to gas up today. [Re: LoneRanger] #5312640 01/03/20 10:09 PM
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demarpaint Offline
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Originally Posted by LoneRanger
IBTL.

+1


God Bless Our Troops

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