Diesel Cheaper than Gasoline !!! - Page 40 - PeachParts Mercedes-Benz Forum

Ara T. · #**586** 11-01-2007, 01:53 AM

I think Oil is over 90 bucks a barrel now... i remember when it got to 50 bucks a barrel it was a big deal.

pawoSD · #**587** 11-01-2007, 01:56 AM

Quote:

Originally Posted by Ara T.

I think Oil is over 90 bucks a barrel now... i remember when it got to 50 bucks a barrel it was a big deal.

As of today it actually settled at $95.44 or whatever. We are now right around the all time (inflation adjusted highs) of the early 80's. Also, it was reported that there was a 3.9 million barrel DEcrease in oil stocks in the USA rather than a 100,000 barrel INcrease that they expected to see.

Things are not looking good....

Ken300D · #**588** 11-01-2007, 07:40 AM

Just went up to $3.05 at my favorite station.

That used to be the break-even point for using soy oil from BJ's 4.5 gallon cubes. So I checked on the price of soy today. That has jumped up too. It is running about $4.20 a gallon now. So much for switching over to that. I still have some cubes stashed away that I bought in Katrina times though.

If you look at the history of this thread, you'll see a big difference in price from start to end. It took a long, long time for crude to pass $50 a barrel. Much quicker to overtake $100 a barrel. Something else is going on besides simple supply and demand. I think it has to do with dollar devaluation. This is reflected in the exchange rates (try to buy a Euro with a Dollar) and the price of "real" value items like precious metals.

I'm starting to realize that the dollar disaster will snowball much faster and more seriously when oil changes over to a Euro standard. A lot of money is made exchanging other currencies to Dollars in order to buy oil. That process makes the US (in general) money. That process will sharply reverse if we have to exchange Dollars for Euros in order to buy our oil. Then we pay a premium to exchange currency, and no one else needs Dollars either.

The Euro has gone from near $0.80 to near $1.50 to purchase. Oil has gone from $50 to $100 a barrel. Europeans are paying the same for their oil. We're paying double.

This is not happening randomly. It is policy.

Ken300D

bill murrow · #**589** 11-01-2007, 09:13 AM

Quote:

Originally Posted by Ken300D

Just went up to $3.05 at my favorite station.

That used to be the break-even point for using soy oil from BJ's 4.5 gallon cubes. So I checked on the price of soy today. That has jumped up too. It is running about $4.20 a gallon now. So much for switching over to that. I still have some cubes stashed away that I bought in Katrina times though.

If you look at the history of this thread, you'll see a big difference in price from start to end. It took a long, long time for crude to pass $50 a barrel. Much quicker to overtake $100 a barrel. Something else is going on besides simple supply and demand. I think it has to do with dollar devaluation. This is reflected in the exchange rates (try to buy a Euro with a Dollar) and the price of "real" value items like precious metals.

I'm starting to realize that the dollar disaster will snowball much faster and more seriously when oil changes over to a Euro standard. A lot of money is made exchanging other currencies to Dollars in order to buy oil. That process makes the US (in general) money. That process will sharply reverse if we have to exchange Dollars for Euros in order to buy our oil. Then we pay a premium to exchange currency, and no one else needs Dollars either.

The Euro has gone from near $0.80 to near $1.50 to purchase. Oil has gone from $50 to $100 a barrel. Europeans are paying the same for their oil. We're paying double.

This is not happening randomly. It is policy.

Ken300D

Good point Ken. Never thought of it that way but you're 100% correct.

Just like an investor friend of mine said about the cost of housing....it isn't that property values go up. It's the dollar decreasing in value resulting in more dollars to buy the same amount of property or product such as oil.

Cheers,

Bill

Dee8go · #**590** 11-01-2007, 09:22 AM

Yeah, that's the problem of our having gone from being a nation of producers to being a nation of consumers.

Maybe we'll start producing again, if our currency continues to slide downhill.

LaughingGravy · #**591** 11-01-2007, 09:35 AM

$3.09 here today. I love my motorcycle with my commute against traffic due West in the AM and reverse in the evening, so no sun glare.
When it's bad out with a lot of rain, or too *****y cold I fire up the Benz.
Come lots of salt on the roads, the Lumina is very happy in the winter, using RUG.

Dee8go · #**592** 11-01-2007, 09:54 AM

I bought my first tank of diesel a few days ago. It was $3.20 a gallon in Fairfax, VA.

Bens lover · #**593** 11-01-2007, 01:57 PM

Here in Vancouver BC fuel is selling for $1.09 a litre.Still too high!

frankee123 · #**594** 11-01-2007, 02:26 PM

Florida west palm.... reg gas avg. = 2.959 and diesel ranges from 3.099 to 3.219.... FLA ISNT NICE!

pawoSD · #**595** 11-01-2007, 02:38 PM

I just filled up at $3.29 ($3.24 after my member card discount though). Thankfully I only needed 11 gallons and averaged 23.4mpg despite my lead foot.

$36.36 for my fillup today, and it should last me till the end of the month.

TheDon · #**596** 11-01-2007, 04:56 PM

I just got rammed hard..

$3.25 at the cheapest place in town. It sucks living right by the highway... Shell is like.. $3.30 ish for their fuel..

what also sucks is the guy at the station said he had to change the prices for all the fuels twice today.. I knew I should have filled up earlier..

$10 got exactly 3 gallons.. I remember when $10 would cover me for at least monday- friday.. now.. it barely covers a day of my commuting... Time to break out the bicycle

bgkast · #**597** 11-02-2007, 02:48 AM

$3.70 around here!

toomany MBZ · #**598** 11-02-2007, 06:22 AM

$3.07 Exxon 45 cetane, across at East Coast 40 cetane, $3.06

NC Benz · #**599** 11-02-2007, 08:40 AM

Getting my first batch of commercially made B100.

$2.00 per gallon D E L I V E R E D!

Been running two 300Ds on WVO all summer. I like to drive cheaply or better yet FREE.

pawoSD · #**600** 11-02-2007, 09:19 AM

Quote:

Originally Posted by NC Benz

Getting my first batch of commercially made B100.

$2.00 per gallon D E L I V E R E D!

Been running two 300Ds on WVO all summer. I like to drive cheaply or better yet FREE.

How is it so cheap there? I looked into that here before and our local distributor will only deliver a 200 gallon minimum (so about 4 drums worth) at $3.50 a gallon!

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