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Diesel fuel price drop #5384388 03/24/20 09:14 AM
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Chris142 Offline OP
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Dropped $.45 over night! Down to $2.99 a gallon here.


02 Wrangler Napa high milage 10w40
87 F250 Valvoline 15w40
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Re: Diesel fuel price drop [Re: Chris142] #5384391 03/24/20 09:19 AM
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pbm Offline
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With the big drop in crude oil price, I'm surprised gasoline and diesel haven't come down in price more......well...maybe I'm not surprised...


'Journalism is Dead'
Re: Diesel fuel price drop [Re: Chris142] #5384400 03/24/20 09:24 AM
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SubieRubyRoo Offline
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I read an article last night that said industry forecasts are for the pump price (of gasoline) to fall another 35 to 75 cents per gallon, possibly more if this drags on. That would get us down to or under the $1.teen mark here for 87 octane if that happens!! Oil gluts are fabulous! LOL


De omnibus dubitandum.
Re: Diesel fuel price drop [Re: Chris142] #5384404 03/24/20 09:36 AM
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stockrex Offline
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timely, I took my diesel out of storage :-)


Ridgeline, Dmax, Ford 3.5
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Re: Diesel fuel price drop [Re: Chris142] #5384405 03/24/20 09:37 AM
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Donald Offline
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Good for people buying gas/diesel like myself. But is will lessen the push to get to electric or other non fossil fuel vehicles which we need to sooner rather than latter.


2015 Ford F-250 w/Powerstroke
2016 Subaru Crosstrek CVT (wife's)
Re: Diesel fuel price drop [Re: Chris142] #5384407 03/24/20 09:38 AM
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Snagglefoot Offline
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Futures price of gasoline this morning is $0.53 / gallon.


If you want the job done right......do it yourself.
Re: Diesel fuel price drop [Re: Chris142] #5384414 03/24/20 09:46 AM
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SeaJay Offline
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I suspect over the past decade with gasoline powered cars getting more efficient, the increase in EV vehicles and the rise in on-line deliveries that the proportion of diesel to gasoline has increased. Supply and demand may be influencing the disparity between gasoline and diesel prices at the pump.

Re: Diesel fuel price drop [Re: Chris142] #5384428 03/24/20 09:56 AM
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Astro14 Offline
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My understanding is that only a certain percentage of a barrel of oil can be made into particular products. So, the market for each refined product, gasoline, diesel, Jet-A, lube oil, etc. is a market unto itself and there is disproportionately high demand for diesel, which is why it costs more than gasoline, even though the base product (crude) is the same and diesel requires less refining/processing.


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Re: Diesel fuel price drop [Re: SubieRubyRoo] #5384441 03/24/20 10:05 AM
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WyrTwister Offline
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Originally Posted by SubieRubyRoo
I read an article last night that said industry forecasts are for the pump price (of gasoline) to fall another 35 to 75 cents per gallon, possibly more if this drags on. That would get us down to or under the $1.teen mark here for 87 octane if that happens!! Oil gluts are fabulous! LOL

Not necessarily , for the oil producing states or those employed by the oil production / products industry . :-(


Wyr
God bless
Re: Diesel fuel price drop [Re: Astro14] #5384447 03/24/20 10:11 AM
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WyrTwister Offline
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Originally Posted by Astro14
My understanding is that only a certain percentage of a barrel of oil can be made into particular products. So, the market for each refined product, gasoline, diesel, Jet-A, lube oil, etc. is a market unto itself and there is disproportionately high demand for diesel, which is why it costs more than gasoline, even though the base product (crude) is the same and diesel requires less refining/processing.


I think a lot of gasoline is made by cracking heavier petroleum molecules ? If that is correct , then you may be only partially correct .

Petroleum refining has gotten pretty sysificated ( sp ) .


Wyr
God bless
Re: Diesel fuel price drop [Re: WyrTwister] #5384456 03/24/20 10:21 AM
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hatt Offline
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Originally Posted by WyrTwister
Originally Posted by Astro14
My understanding is that only a certain percentage of a barrel of oil can be made into particular products. So, the market for each refined product, gasoline, diesel, Jet-A, lube oil, etc. is a market unto itself and there is disproportionately high demand for diesel, which is why it costs more than gasoline, even though the base product (crude) is the same and diesel requires less refining/processing.


I think a lot of gasoline is made by cracking heavier petroleum molecules ? If that is correct , then you may be only partially correct .

Petroleum refining has gotten pretty sysificated ( sp ) .

The refineries can change the outputs for some products. There's only so much they can do economically however.


2013 F150 5.0, Delo 400 XSP 5W-40, Wix 57502
2010 Camry 2.5, PP 10W-30, Mobil1 M1C-251A
Re: Diesel fuel price drop [Re: Chris142] #5384467 03/24/20 10:40 AM
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loneryder Offline
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2.40 here in SW FL.

Re: Diesel fuel price drop [Re: Chris142] #5384472 03/24/20 10:47 AM
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Burt Offline
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Good news is the price of gas will reach record lows. Bad news is most people don't need any because they have nowhere to go.


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2015 Fiesta SFE eco-boost 35k miles
Re: Diesel fuel price drop [Re: Chris142] #5384474 03/24/20 10:48 AM
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CT8 Offline
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Despite the oil glut, Diesel fuel prices usually drop in the spring and summer as heating oil use is diminished.


2015 F150 2.7
2018 F350 6.2
Re: Diesel fuel price drop [Re: Chris142] #5384475 03/24/20 10:49 AM
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doitmyself Offline
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Why can't the oil companies just lock their gasoline price at a certain level regardless of the cost of crude? Under the current circumstances, continual lowering of gas prices is not going to result in more demand. They would essentially be keeping their income at a certain level selling less gas at a higher profit margin.

There must be a flaw in this concept. What is it?

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