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#1
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Why has diesel fuel recently & rapidly increased in price?
I remember that not more than a month ago- diesel fuel here was selling for about $1.53 per gallon at most all of the stations with diesel. Now at the same stations, it is around $1.79, while the price of gasoline has lowered to a price LOWER than the gasoline. Whats the deal with this?
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2004 Toyota Sequoia Limited 4wd 1991 Lincoln Town Car Executive 1991 Cadillac Sedan DeVille 1988 Mercedes 300SEL 1972 Chevrolet Caprice Kingswood Estate 9-passenger wagon 1973 Pontiac Grand Ville (Prior MB's: 1974 240D, 1985 380SE, 1984 190D, 1993 400SEL) |
#2
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The main reason is probably because of an increase in need for fuel oil (home heating oil).
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#3
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the oil companies are still making record profits........ that's another reason
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1985 300D Turbo ~225k 2000 F350 (Powerstroke) 4X4, SWB, CC, SRW, 6spd ~148k 1999 International 4900, DT466e (250hp/660 ft/lbs), Allison MD3060 ~73k |
#4
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It's gone from $1.59 to $1.72 in 10 days here in SC.......
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Over 21 years I owned several: w108 w110 w111 w115 w116 w123 w124 w126 w212 |
#5
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Every year in the fall it goes up, then comes back down in the spring. Every year someone asks the same question.
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TXBill Former owner of a few diesel MB cars 1998 Lexus ES 300 In Chicago We Trust |
#6
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Yeah - I heard it has to do with home heating oil as well. Also, the oil refineries are going to switch to the winter blends soon. If I recall correctly, the reasoning why the prices are inflated is that they don't want to run out of the summer fuel before it the winter stuff is ready.
Someone please correct me - I wasn't paying much attention when I heard that news story. ![]() |
#7
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I fuel up about once a month, 2nd last fuel up was $2.05 in july, and my last on August 25th, was $2.09. I remember when in January it was $1.57 for me and that was the norm
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Jason 00 Subaru Legacy (fun wagon) 96 Nissan Sentra (disavowed) 82 300SD (garage queen, will run again hopefully) 87 300DT (Gone: 10/15/2010) |
#8
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It is too hot for there to be much of a market for home heating oil now. I suspect that the price has increased sooner this summer and was never the 15-20 cents below regular that it usually dipped to because of a greater demand caused by the war in Iraq. Humers and tanks run on Diesel, and jet aircraft also use a heavier fuel than gasoline.
Every year, the percentage of Diesel engines as well as the absolute number of Diesel vehicles in Europe increase.
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Semibodacious Transmogrifications a Specialty 1990 300D 2.5 Turbo sedan 171K (Rudolf) 1985 300D Turbo TD Wagon 219K (Remuda) "Time flies like and arrow, yet fruit flies like a banana" ---Marx (Groucho) |
#9
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I am pretty sure all fuel for the "war" is purchased locally and none from the US. Diesel was 1.99, dropped to 1.93. They start importing No. 1 about this time of year from Europe besides making it here...
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71 220D 169K wrecked 83 240D 118K sweet 4 speed 91 350SDL (one of the 60% good engines) 156K 84 300d (loaner to my sister) 189K 79 300SD (partswagen) 86 420SEL partswagen 70 220d (partswagen) 68 280s GASSER!!! under construction now 85 300sd 310K miles winter beater car retired 93 300d 2.5 turbo 168K wife's car 83 280SL euro 5 speed 155K 69 250S newest project 54K |
#10
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Quote:
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Proud owner of .... 1971 280SE W108 1979 300SD W116 1983 300D W123 1975 Ironhead Sportster chopper 1987 GMC 3/4 ton 4X4 Diesel 1989 Honda Civic (Heavily modified) --------------------- Section 609 MVAC Certified --------------------- "He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you." - Friedrich Nietzsche |
#11
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I'm sure that little or none of the fuel used in Iraq comes from the US, although fuel for the Navy probably does. But the price is determined by the demand. A greater demand there means a higher price here.
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Semibodacious Transmogrifications a Specialty 1990 300D 2.5 Turbo sedan 171K (Rudolf) 1985 300D Turbo TD Wagon 219K (Remuda) "Time flies like and arrow, yet fruit flies like a banana" ---Marx (Groucho) |
#12
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Diesel4me,
Vote KERRY and the price of gas and Diesel will go up a lot more. Remember, he's the clown that always voted for the $.50 increase in the fuel tax. P E H Last edited by P.E.Haiges; 09-01-2004 at 08:30 PM. |
#13
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Maybe its just me and maybe its just here in CT, but I've noticed a trend here that hasn't failed in at least 5 years. Whenever diesel starts to rise in price it does so before gasoline. It reaches and sometimes exceeds the price of regular unleaded. Then it roughly stabilizes and gasoline starts going up. After diesel starts falling, gasoline soon follows. Personally, I wish the feds would add $1/gallon tax in conjunction with a flat tax credit for all taxpayers. I've always been very fiscally conservative, but our energy policy essentially ceases to exist. Savings associated with lower consumption would be many, economic, political, environmental
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#14
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I think that most of the dino-diesel we get comes from Venezuela.
I've heard that Venezuela's fuel exports to China have increased due to the recent increase in large scale industrial production there. (As a side note, our steel prices have skyrocketted since July due to the same thing...we export a huge amount of scrap steel to China and the domestic recyclers/producers are having to pay waaaay more to keep it here.) So, I've been ascribing the rise to that.
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Growth for the sake of growth is the ideology of the cancer cell. -- Edward Abbey 1984 300SD: Hilda the veggie vundercar |
#15
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Diesel here went up almost a dime a gallon, I was used to paying 1.87-89 and now 1.96-1.99 is the norm. I even saw it for 2.05!
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2016 Corvette Stingray 2LT 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
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