Recent diesel pricing

[Allofus123]

I just saw $3.88 in Lake Jackson, TX and have been seeing quite a few $3.99's around the Houston area. I need to fill my tank but with the cost of oil dropping each day I'm betting it goes lower.

Will get a kick out of seeing the "for profit" bio sellers around here drop there prices and then try to BS me about how they set their pricing on costs instead of direct correlation to diesel pricing.

What kind of pricing are the rest of you seeing?

[Vegistroke James]

Its down in the $4.69 range around here which is better than the $5.41 we were paying. And from a business stance in our field this is good news as well. If those prices were to rise to much more you would see a 100 times of the amount of people getting rid of there rigs altogether! Consequently that would be devastating for our business. So believe it or not we are happy that its coming down now.

[Elvia]

In the past week, I have seen it come from 4.69 to 3.99

[tanya]

Well here in the boonies of South Dakota it has gone from 4.79 to 4.09.

Tanya

[captgrady]

Palm Beach Gardens, Florida has gone from 4.90 to 4.50.
But My organic Diesel only costs me $.22 a gallon, & smells a hell-of-a-lot better! Where's my hamburger?

[Allofus123]

But My organic Diesel only costs me $.22 a gallon, & smells a hell-of-a-lot better! Where's my hamburger?

I like the way you think.

I went ahead and filled up tonight. My first visit to the gas station since my install in May. I almost forgot how to operate the damn thing. LOL

If my figuring is correct I got about 139 mpg on that tank.

[tacit_k]

Here on the central coast of The Peoples Republic of Kalifornia it has dropped from $5.19 to $4.39. WVO renderers are asking $2.54 to $2.97.

I was listening to the BBC yesterday, they had a reporter speculate on oil. He placed his order for 1000 barrels at $128.00 he placed a stop at $126.00. By the time the stop had completed it went to $123.00. Now here is the kicker 128 per on 1000 bls costs $128,000 but to buy you only have to post $12,800 so when he was done he really only lost $500. But there are lot of speculators loosing a boat load of money.

Most of those speculators are drifters that came from the stock market wanting to make a quick buck, the number of traders tripled during the rise from $80.00 to $140.00. Now that most have been burnt and learned a lesson thing will drop more, but remember the oil companies smell blood in the water and know we are willing to pay up to $4.50 a gallon and not change a thing about our driving habits. So don't expect too much of a drop in price even if it falls back to $80.00.

[Clay]

Here on the central coast of The Peoples Republic of Kalifornia it has dropped from $5.19 to $4.39. WVO renderers are asking $2.54 to $2.97.

I was listening to the BBC yesterday, they had a reporter speculate on oil. He placed his order for 1000 barrels at $128.00 he placed a stop at $126.00. By the time the stop had completed it went to $123.00. Now here is the kicker 128 per on 1000 bls costs $128,000 but to buy you only have to post $12,800 so when he was done he really only lost $500. But there are lot of speculators loosing a boat load of money.

Most of those speculators are drifters that came from the stock market wanting to make a quick buck, the number of traders tripled during the rise from $80.00 to $140.00. Now that most have been burnt and learned a lesson thing will drop more, but remember the oil companies smell blood in the water and know we are willing to pay up to $4.50 a gallon and not change a thing about our driving habits. So don't expect too much of a drop in price even if it falls back to $80.00.

I have to disagree, people have changed alot. I see bycyles in the parking lot at work, i see more folks carpooling, i see more folks doing vegi and Bio, i see more folks staying home rather than taking vacations...the list goes on. There has been a huge change in driving habits, the question is will it hold.

[Allofus123]

There has been a huge change in driving habits, the question is will it hold.

I agree, its widely reported that the demand has dropped. I also agree that speculators contributed to the "sudden" spike. In the long term every commodity is about supply and demand.

Strange, I've been driving more lately.

[Elvia]

I see a decline in traffic as I travel the roads on my business runs. Less driving time for me, so Yes I know that the price will continue to drop almost daily. I believe in free markets, but I think the speculators should cry a bit for awhile.

[Clay]

65$ a barrel???

http://articles.moneycentral.msn.com/Investing/SuperModels/CouldOilPlungeTo65ABarrel.aspx

[tanya]

Also around here where trucks are really needed a good deal of the time we are seeing a huge surge of little scooters to do town errands.

Tanya

[greasyX]

true story

I own a yamaha majesty and a italjet 180 dragster both get over 55mpg ,but still cheaper to run Greasy X at 4.5 cents per miles, scooters are around 8 cents per mile,based on$4.25 super unleaded for scoots and WVO+additives+just a little bit of the smelly stufffor the GreasyX .But i agree scoots are every where ,Here in the sticks we have our own scooter only shop(theydon't even have one of those in our states capital)Either way a great ,fun cheap way to get around.P.s>the greasyX loves to pull both my scoots and my friends 2 bikes for cheaper than operating said bikes....grease out

[tacit_k]

Around here after the first 20 cent drop people were out racing around at 75-85 mph and the LA traffic that was mostly gone is now back with a vengeance. Today it took me 4 hours to make a drive that was taking me 1:55 just three weeks ago. So I guess you could say California leads the nation yet again, this time not for some silly regulation or law but for blind consumerism. And we'll sink with California when it falls into the sea!

[triplemoutdoors]

You guys are still looking at the pump price? I think it was around $4.49 last time I looked. I have no idea what it is around here now.