Went to our local Lowes/Home Depot yesterday to purchase a gallon of
mineral spirits and lacquer thinner, WOW! what sticker shock MS= $8/gal
LT= $13/gal, I bought last year at MS=$4, LT=$8.
That's not all of it, went to Sams and again was hit with SS, fish
has gone up 50% since one month ago, toilet paper seems to rise every
trip to Sams at the tune of $1/bundle.
Have you noticed what the price of diesel fuel has gone up to? Yesterday
I saw it at $2.97/gal. Thats the fuel the trucks and trains use to bring
you all those goods. And it ain't getting cheaper...
Where are you that diesel is up to $2.97 a gallon? $2.53 here in
Minnesota and our diesel prices have been pretty high compared to the
rest of the USA for the past six months.
They say high cost of oil has made gasoline prices skyrocket the last few
weeks, but oil prices haven't gone up as much as gasoline has.
Per the DoE, you're 3 cents below the national average (for last
week, the DoE's numbers are always a week out of date). So you
might want to rethink "pretty high compared to the rest of the
$2.97 sounds like New England somewhere, or perhaps Cal. Here
abouts (S Fla) it's $2.70 something.
(willing to bet your gas price is less than our $2.63, too)
Explain this one to me. Diesel is poorly refined gasoline - sorta. Why have
I been paying so much MORE for diesel, an inferior product?
Could it be that user group has the least control over its consumption
(trucks & commercial users)?
Snipped from article
I'm not sure any of this helps Ted Haberkorn. But this might: I asked a
friend who is in the petroleum industry why they charge so much for diesel.
"Because we can," he said.
That, I understand.
That may be but has nothing to do with the dollars and cents of production
which if simpler means less. Or put another way, as soon as they have to do
or add anything they use that for price justification - the reciprocal would
be less is cheaper.
Diesel has more BTUs per gallon. There are also other reasons.
Fleets and airlines buy diesel (or jet fuel) on long-term contracts, so the
oil refineries have to raise the price of the market stuff to try and
recover something during cost increases.
All refining is the same, just depends on how high up the column you tap.
Of course, if you "crack" the heavy stuff to meet the demand for gas,
there's less available for heavier fractions.
Note that, as with gas, the greatest profit goes to the tax man who invests
nothing, risks nothing, does nothing except collect. Then back to you as
highways, if your congresscritter has pull ....
"Was" poorly refined.
Now because the diesel fuels are having to be reformulated just like the
process that gasoline has been going through over the last several years.
IIRC the diesel has to be reformulated to reduce or eliminate the sulfur
John McCoy wrote:
>$2.97 sounds like New England somewhere, or perhaps Cal. Here
>abouts (S Fla) it's $2.70 something.
>(willing to bet your gas price is less than our $2.63, too)
Actually, the same station where I saw that diesel price (about 20 miles
from home) had gas priced at $2.69/gal, but that is generally a bit
higher than in my neighborhood.
>>Have you noticed what the price of diesel fuel has gone up to? Yesterday
>>I saw it at $2.97/gal. Thats the fuel the trucks and trains use to bring
>>you all those goods. And it ain't getting cheaper...
>Where are you that diesel is up to $2.97 a gallon? $2.53 here in
>Minnesota and our diesel prices have been pretty high compared to the
>rest of the USA for the past six months.
>They say high cost of oil has made gasoline prices skyrocket the last
>weeks, but oil prices haven't gone up as much as gasoline has.
I'm in The Soviet Socialist Republic of New Jersey. Along with a bevy of
new state taxes, our new governor has promised a new additional fuel
tax of at least 15 cents/gal to come. Diesel a few years ago was about
10 or so cents lower than the cost of regular gas. Now it is higher than
high-test in many places, and yet it is the cheapest fuel to manufacture
and has the lowest tax rate applied. Makes ya wonder...
The truck drivers and railroads have no choice to buy diesel, so the
price of all our goods are going up. And oil would have to go well over
$100/barrel to justify the present cost of fuel at the pumps. This is
usury, pure and simple. There is a federal law on the books, the
Windfall Profits Act, that was passed to punish and fine the oil
companies for doing just this. No fed prosecutor has ever had the balls
to use it.
Can't help you with LT but buy paint thinner instead of mineral
spirits...it's about half (or less) the price of MS where I am.
As for inflation in general, you can thank the federal government for
that...dollars no longer have any backing (FDR removed gold, Nixon
removed silver), feds can print as much as they want, feds are world's
biggest debtors, inflation is good for debtors because payback is with
still cheaper dollars. Look forward to $20 McDonald's hamburgers...
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