How much more will diesel fuel go up ? - Page 5 - PeachParts Mercedes-Benz Forum

oldnavy · #61 10-29-2004, 09:09 AM

I'll check it out.

boneheaddoctor · #62 10-29-2004, 09:21 AM

Quote:

Originally Posted by ZackaryMac

If it makes you guys feel any better, fuel here works out to $3.73 a US gallon at Canadian prices. I fill up at a garage here that sells it 10¢ a litre cheaper, which works out to $3.21 a gallon. Not a well known garage for diesel, but he has a small tank and fills it often for construction equipment and his own trucks.

Gas was at $4.15 at one point for full serve premium.

I'll stick to my diesel. I'd love to sell the Legacy and get a 240D.

But how much of that price is taxes that go to the government for them to waste?

everyone pays about the same price per barrel. Where the difference at the pump is depends on how much the respective governments bleed you dry.

crash9 · #63 10-29-2004, 12:50 PM

Pick any large number you want. It’s when, not if or how much. Unless by some miracle new discoveries that can be produced cheaply are found, the price will keep going higher too whatever levels the Chinese can pay. Since their economy is still developing they will probably be able to adapt to prices that may seem absurd to us in the US.
Current trends suggest that consumption by the developing world could double over the next ten years. The market will get too overbought and set back along the way, but the trend is to much higher prices. As long as the lows of these corrections are higher the market will go up until for whatever reason consumption declines. Nothing is more powerful than a demand driven market

oldnavy · #64 10-29-2004, 02:04 PM

Crash it's amazing how few people understand the law of supply and demand. It seems to me that even most of my fellow college educated friends never paid attention in those ECON classes that we were required to take.

I did.

boneheaddoctor · #65 10-29-2004, 02:31 PM

Quote:

Originally Posted by oldnavy

Crash it's amazing how few people understand the law of supply and demand. It seems to me that even most of my fellow college educated friends never paid attention in those ECON classes that we were required to take.

I did.

Yes but Everyone pays almost the same price for Crude. THe difference outside the market fluctuations is how greedy the local governments are.

but the oil companies refusal to stockpile heating oil (and diesel as result) for the winter causes artificailly inflated prices of this also.

Rafi · #66 10-29-2004, 02:53 PM

Check out this website for current prices.
http://www.flyingj.com/fuel/diesel_CF.cfm?state=ALL

oldnavy · #67 10-29-2004, 05:58 PM

The one's we should feel bad for, is our fellow members in Europe who pay as much as 2.5 times as much for fuel as we do because the are so heavly taxed. I wish we auto diesel car's got a tax break for diesel like they do in Germany, they also get special tax excentivies for using B100 in Germany. I can't remember what the final pricing was for sure, but seems like it was about $1 US per gal for the final cost.

kweimer · #68 10-29-2004, 06:34 PM

With diesel a full 25 cents per gallon more than regular, I find it hard to believe that it is now cheaper to drive my '83 Jaguar. Last diesel I bought several days ago was $2.25 gallon..........(well....if you want to be exact, $2.249...I just don't let that .009 sucker me into saying $2.24 per gallon).

oldnavy · #69 10-29-2004, 07:43 PM

Quote:

Originally Posted by kweimer

With diesel a full 25 cents per gallon more than regular, I find it hard to believe that it is now cheaper to drive my '83 Jaguar. Last diesel I bought several days ago was $2.25 gallon..........(well....if you want to be exact, $2.249...I just don't let that .009 sucker me into saying $2.24 per gallon).

Lets do the math for those who are not so inclined.
Reg Gas $2.00
Diesel $2.24
Cost differntial $0.24 = 11% premium for diesel over reg gas.
SD=60% better MPG
'83 Jag 17 mpg? 1000 miles @ 17 mpg = $117.65
300 SD 28 mpg 1000 miles @ 28 mpg = $80
Savings using diesel = $37.65 per 1000 miles.

phidauex · #70 10-29-2004, 08:22 PM

Biodiesel tax incentives of various types are on the horizon here in the US, in fact, one just recently passed. Its a penny per percentage point biodiesel blend federal excise tax break. How that works for consumers, I don't know, but its there.

http://cornandsoybeandigest.com/news/Biodiesel-Tax-Incentive-Passes-101104/

Even if new oil sources are found, the price will still only go up. At some point we will have consumed half the world's supply of oil, and prices will skyrocket. Of course, there will be a 'shelf' as countries who are sitting on their reserves (Saudi Arabia) unload supplies to extend a period of price stability. That will only consume reserves faster, and the path down will be like a cliff. Not to worry though, that probably won't happen for a few more years (though some analysts think it might be happening already, we just aren't at the cliff at the end yet).

Biodiesel yay! The day when it will be cost effective for individuals to use B100 in their diesels. When you factor in fuel costs, tax issues, and the fact that biodiesel supports american companies and farms, its a winning deal. Of course, making your own is fun too.

In the short term though, I'm hoping diesel prices go down a bit, just for me.

However, when fuel is high, I can always drive my SR50, 50ccs of blistering power (though it probably out accelerates most diesels) and 100miles per gallon on premium petrol. Of course, thats gonna run out someday too.

peace,
sam

kweimer · #71 10-29-2004, 08:29 PM

Well, oldnavy, you got me. All I could see on that diesel pump was $$$ and I never really did the math. Unless we see a wider spread between diesel and regular gasoline, it will pay me to stay in the diesel...even though my real numbers on mpg are 25 mpg on the diesel (this a 1976 300D) and 18 mpg on the Jag. But that really is $2.25 on the diesel price....don't be fooled by that $2.249 nonsense.

oldnavy · #72 10-29-2004, 08:50 PM

Quote:

Originally Posted by kweimer

Well, oldnavy, you got me. All I could see on that diesel pump was $$$ and I never really did the math. Unless we see a wider spread between diesel and regular gasoline, it will pay me to stay in the diesel...even though my real numbers on mpg are 25 mpg on the diesel (this a 1976 300D) and 18 mpg on the Jag. But that really is $2.25 on the diesel price....don't be fooled by that $2.249 nonsense.

Hehehe no problem dude, I talk to people all the time that can only see the dollars. Heck I have friend who teaches at local college (PS & History) and does not see the cost difference.

ZackaryMac · #73 10-29-2004, 09:50 PM

Quote:

Originally Posted by boneheaddoctor

But how much of that price is taxes that go to the government for them to waste?

everyone pays about the same price per barrel. Where the difference at the pump is depends on how much the respective governments bleed you dry.

I think it is something like 65% tax, but I'll have to pay closer attention the next time I go to the pumps to fill the car. It is stated on a sticker on the pump. Kinda like "this is what we're robbing from your pocket RIGHT NOW!" type of philosophy.

gdvine · #74 10-29-2004, 10:10 PM

HR 4520 was signed by Dubya on 10/22/04!

I am going to call my local biodiesel distributor (General Petroleum) and see if their pricing has changed. My contact there, George, said there could be an 80 cent drop in the price (bringing it down to around $3/gal) but that the supplier might decide to just put that extra money in their own pockets.

I sure hope not, as a lower price would be good for everyone, increasing demand.

Hatterasguy · #75 10-30-2004, 07:33 PM

Quote:

Originally Posted by oldnavy

Lets do the math for those who are not so inclined.
Reg Gas $2.00
Diesel $2.24
Cost differntial $0.24 = 11% premium for diesel over reg gas.
SD=60% better MPG
'83 Jag 17 mpg? 1000 miles @ 17 mpg = $117.65
300 SD 28 mpg 1000 miles @ 28 mpg = $80
Savings using diesel = $37.65 per 1000 miles.

If you drive on the highway at 65mph a 300SD could get 28. My SDL is in close to perfect tune and I only get 22.5-23.5 around town. So it is starting to add up. If you drive a Jag on the highway the same way you will probably get mid 20's.

My weekly fuel bill is 19gal x 2.35=$44.65! So diesels aren't so great on fuel.

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