What's up with Diesel prices? - PeachParts Mercedes-Benz Forum

LUVMBDiesels · #1 09-20-2007, 08:33 PM

Prices have gone up 30 cents to $2.93 since last week at the stations I go to in NJ!

Prices in NY are back over 3 bucks a gallon and I mean like $3.15~3.25!

Meanwhile GAS is down to $2.43 in NJ and $2.82 in NY

I mean what gives here? I am now driving the BMW more and parking the Benz

Gonna start making bioD if the prices get any higher.

jkoebel · #2 09-20-2007, 08:37 PM

Diesel is used for a lot of stuff other than just cars...Demand in China is pushing prices up also, not to mention heating oil, etc.

bellyboy · #3 09-20-2007, 08:42 PM

diesels are being used world wide-supply and demand

lietuviai · #4 09-20-2007, 09:09 PM

Quote:

Originally Posted by jkoebel

...Demand in China is pushing prices up also, not to mention heating oil, etc.

All because people are buying crap made in china fueling their economy.

Still want to keep buying chinese crap? We all lose!

LUVMBDiesels · #5 09-20-2007, 09:14 PM

Quote:

Originally Posted by lietuviai

All because people are buying crap made in china fueling their economy.

Still want to keep buying chinese crap? We all lose!

Right on!

LUVMBDiesels · #6 09-20-2007, 09:15 PM

I understand all this, but 30 cents in a week! I know that it takes awhile before the higher priced crude hits our pumps. Looks like another case of price gouging to me.

LUVMBDiesels · #7 09-20-2007, 09:16 PM

What are you guys paying today?

ZackaryMac · #8 09-20-2007, 10:03 PM

Quote:

Originally Posted by LUVMBDiesels

Looks like another case of price gouging to me.

Surely you jest!!

No one would be THAT dishonest!!

Why, if that were true, the government (meaning any counrty) would step in and correct the problem immediately!

Ok, I'm done.

Knightrider966 · #9 09-21-2007, 11:44 AM

Quote:

Originally Posted by lietuviai

All because people are buying crap made in china fueling their economy.

Still want to keep buying chinese crap? We all lose!

AMEN TO THAT! WALMART SUCKS..... the life out of our communities!

aklim · #10 09-21-2007, 11:51 AM

Quote:

Originally Posted by Knightrider966

AMEN TO THAT! WALMART SUCKS..... the life out of our communities!

Why? You the consumer told them what you wanted to buy and you blame them for granting your wish? You expect them to sell something that you won't buy?

lietuviai · #11 09-21-2007, 07:24 PM

Quote:

Originally Posted by aklim

Why? You the consumer told them what you wanted to buy and you blame them for granting your wish? You expect them to sell something that you won't buy?

How can you buy something not offered. I look for US made products but they're scarce. It's by not being given the choice that everything is made in china. The only thing I won't buy is an American car. I'm a consumer that's not listened to.
These merchants are laughing their way to the bank.

junqueyardjim · #12 09-21-2007, 12:03 PM

I think that is pretty obvious. The Oil companies are making obscene profits, and Uncle Sam is just standing by with a big ***** eating grin on his face. The week before Labor Day gasoline in Central Indiana gas was about $2.70. Then on Tuesday before Labor Day, over night prices rose to about $3.05. They did not come down quite so fast, but all did come down the week following Labor Day and about all over it is again $2.70. Diesel has remained pretty steady at just about or a little above $3.05 at the diesel car pumps. We all have pretty bad short term memory on this stuff, but 4th of July and Memorial day was the same thing. The Oil Companies are always crying "shortage". There is no shortage. If there is a shortage, you have people lined up at the pumps. Have you seen any lines at the pump. Have you seen station Driveways blocked with a sign saying, "Sorry, out of gas" It's all BS and they are ripping are heads off at the same time. It would be wonderful if we could find a way to even the score. Short of not using the rotten stuff, I sure don't see how.

dukegrad98 · #13 09-21-2007, 12:18 PM

Quote:

Originally Posted by junqueyardjim

There is no shortage. If there is a shortage, you have people lined up at the pumps. Have you seen any lines at the pump. Have you seen station Driveways blocked with a sign saying, "Sorry, out of gas" .

The reason you don't see these problems is precisely because we have market-controlled prices. Go ahead, put a price cap on fuel. Watch supplies dry up and lines form -- the oil crunch from the '70s all over again. It would be truly the dumbest thing you could do for the consumer, for the producer, and for the economy. (I didn't stay at a Holiday Inn Express last night, but high school economics is enough to help you figure this one out -- and I have an economics degree, thanks.)

Oil company profits are hardly obscene. Yeah, the numbers look enormous when reported by the liberal excuse for media in this country. But did you ever do the percentage calculation on it? Plenty of other companies and industries make FAR larger margins / returns on capital than ExxonMobil and others. The public is just largely uneducated about how to look at these issues, and they all love to pretend it's a right-wing conspiracy.

If it'll make you feel better, you can participate in those "obscene" profits by buying some stock. Better yet, do what I did -- find yourself some actual royalties on producing wells. With $50+ per barrel oil (nevermind the current price near $80!), I get to make more money walking to the mailbox than going to work every day. I don't cry for people who don't understand the game.

Cheers, John

#14 09-21-2007, 12:19 PM

I don't see much "rationing," because consumption hasn't changed much. I also don't see any shortage of brand new hummers on the road. If the intent is to reduce consumption, the price will have to get much higher.

aklim · #15 09-21-2007, 02:29 PM

Quote:

Originally Posted by junqueyardjim

I think that is pretty obvious. The Oil companies are making obscene profits, and Uncle Sam is just standing by with a big ***** eating grin on his face. The week before Labor Day gasoline in Central Indiana gas was about $2.70. Then on Tuesday before Labor Day, over night prices rose to about $3.05. They did not come down quite so fast, but all did come down the week following Labor Day and about all over it is again $2.70. Diesel has remained pretty steady at just about or a little above $3.05 at the diesel car pumps. We all have pretty bad short term memory on this stuff, but 4th of July and Memorial day was the same thing.

The Oil Companies are always crying "shortage". There is no shortage. If there is a shortage, you have people lined up at the pumps. Have you seen any lines at the pump. Have you seen station Driveways blocked with a sign saying, "Sorry, out of gas" It's all BS and they are ripping are heads off at the same time. It would be wonderful if we could find a way to even the score. Short of not using the rotten stuff, I sure don't see how.

How do you define obscene profits?

How are you defining shortage? Shortage doesn't have to mean that there isn't another drop is sight.