Price Check in the Gas and Diesel Aisle...

So, what do you make of these reports ?
Could be an honest warning to get ready.
Could be propaganda... But the oil companies are rollin' in cash and don't need any more push.
Could be "supply chain" ripple effect that would only be seen on a regional basis. Enough product, just in the wrong place.
For me, I'll make sure to have enough diesel to get me through until the spring thaw.
 
So, what do you make of these reports ?
Could be an honest warning to get ready.
Could be propaganda... But the oil companies are rollin' in cash and don't need any more push.
Could be "supply chain" ripple effect that would only be seen on a regional basis. Enough product, just in the wrong place.
For me, I'll make sure to have enough diesel to get me through until the spring thaw.
Not totally sure. I'm trying to follow the incoming data points with this one as it is so critical to the world's economy. Im not inclined to think it is propaganda. When adding this to the cost of fertilizer, if neither improves in availability and cost, we are looking at supply side inflation that filters down to the food supply in a myriad of ways.
 
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Not totally sure. I'm trying to follow the incoming data points with this one as it is so critical to the world's economy. Im not inclined to think it is propaganda. When adding this to the cost of fertilizer, if neither improves in availability and cost, we are looking at supply side inflation that filters down to the food supply in a myriad of ways.
Your statement caused me to pause and refresh my memory:
And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and see a black horse; and he that sat on him had a pair of balances in his hand. [6] And I heard a voice in the middle of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see you hurt not the oil and the wine.
 
They'll make a bunch of noise like Drill Baby Drill but won't fix the refinery crunch.
This is what I am seeing as well. If all refined petroleum products run into a shortage at the same time we could see a serious congestion at the refineries. In 2020 there were tankers full of oil cruising around in the ocean with nowhere to go, now here we are.

Blast from the past:

Today's refinery issue (high level):


“My personal view is there will never be another refinery built in the U.S.,” Chevron CEO Mike Wirth said in June as gas prices jumped.

The last new major petroleum refinery in the U.S. was constructed in 1976 in Garyville, Louisiana. Since then, additions have been made to numerous refineries, but each is a modest jump in the nation’s total refining capacity."
 
Long ago the refinery had an in house team that planned and executed a turn around (shut down).
Today there has to be "Conferences" before the turn around.
Those speakers at the conferences never burned a welding rod or made up a flange..... Unfortunate for "We the People".

One such example:
 
This is what I am seeing as well. If all refined petroleum products run into a shortage at the same time we could see a serious congestion at the refineries. In 2020 there were tankers full of oil cruising around in the ocean with nowhere to go, now here we are.

Blast from the past:

Today's refinery issue (high level):


“My personal view is there will never be another refinery built in the U.S.,” Chevron CEO Mike Wirth said in June as gas prices jumped.

The last new major petroleum refinery in the U.S. was constructed in 1976 in Garyville, Louisiana. Since then, additions have been made to numerous refineries, but each is a modest jump in the nation’s total refining capacity."
Business won't build another refinery in the US without some sort of Federal subsidy or contract from the FED. Businesses are afraid of investing that much $$ just to get screwed.
edit - especially when the man speaks
My personal view is there will never be another refinery built in the U.S.,Chevron CEO Mike Wirth said in June as gas prices jumped.​
 
There's so much disinformation out there. It would seem that each will report whatever best suits them at the moment. That's why things are so screwed up. There's really no real information out there.
 
There's so much disinformation out there. It would seem that each will report whatever best suits them at the moment. That's why things are so screwed up. There's really no real information out there.
That is why I rely so much on Mother Nature and "The Law's of Nature".... Unfortunate I have to look at the outside world as a "jungle" but that is where society is evolving to.
Herd mentality, the Lone Wolf, thin ice, howling wind, dog growling, leaves dry as corn flakes...
Our young people are so distanced from nature they can't identify harmful people, harmful animals or harmful situations.

Always have enough fuel in the tank to get yourself home.
 
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I'm waiting to see if BFC's predictions some true next month about the price of oil. 70's
If he's close, he's gong to become my new unofficial series 7 guy.
BigFatCock said on page 15,​
I’m looking for $75 by December to close everything out again.​
World wide demand destruction due to EV’s and people being broke AF.​
I'm still wondering if it'll creep along 85 - 90 with winter coming in and the war still lingering in Ukraine.
I think the oil analyst on the web screaming 120's was just trying to dump his contracts.
 
Last edited:
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I'm waiting to see if BFC's predictions some true next month about the price of oil. 70's
If he's close, he's gong to become my new unofficial series 7 guy.
BigFatCock said on page 15,​
I’m looking for $75 by December to close everything out again.​
World wide demand destruction due to EV’s and people being broke AF.​
I'm still wondering if it'll creep along 85 - 90 with winter coming in and the war still lingering in Ukraine.
I think the oil analyst on the web screaming 120's was just trying to dump his contracts.

It will depend on who controls the House and Senate. If the Demwits keep them, crude oil will be closer to $100/barrel. But I do see it getting very close to $75 regardless of who's in control.
 
It will depend on who controls the House and Senate. If the Demwits keep them, crude oil will be closer to $100/barrel. But I do see it getting very close to $75 regardless of who's in control.
There are Billions of $$$ at work (Private and Government) to "stave off" the inevitable recession. Thousands of programs need to be de-funded and allowed to fall flat on their face. Our country has turned into a Metaverse.... Americans are enthralled with an IPhone and make believe worlds.
We will witness a "Wake Up Call" on steroids when the House of Cards collapses.

 
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WTI Crude • 91.13 +2.96+3.36%
Brent Crude • 97.44 +2.77+2.93%
US Residential Heating Oil Price is at a current level of 5.832, up from 5.699 last week and up from 3.397 one year ago. This is a change of 2.33% from last week and 71.68% from one year ago.
 
WTI Crude • 87.51 -1.40-1.57%
Brent Crude • 93.85 -1.51-1.58%
1668008189410.png


 
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WTI Crude • 87.51 -1.40-1.57%
Brent Crude • 93.85 -1.51-1.58%
View attachment 7995107

My guess on Kerosene, it stores longer than Diesel. You have a Genset, you buy a big barrel of Kerosene. You can use it in your lamps or Genset, Truck if times are hard due to cost.
 
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They'll make a bunch of noise like Drill Baby Drill but won't fix the refinery crunch.

I live on the northwest edge of the Permian Basin, the largest oil producing area in the US, and they are drilling like crazy and selling ever drop they can produce while my state and the feds continue to make things more difficult. 87 octane gas is $3.59 as of last Saturday. :( One of these days the existing permits will be drilled up and with our current Washington occupiers things are going to really get tough.

As to refineries, what company would commit to building one or making large improvements when they will only be tied up in litigation for 20 to 30 years by environmental groups.
 
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This seems......odd ?


Not odd at all. Their constraint is similar to ours not enough refining capacity. Fix that, and then you have the problem of too much gasoline because refining doesn't yield sufficient amounts of diesel.
 
As of November 21, the average retail diesel price in the United States was $5.233 per gallon, or $1.509/gal higher than at this time last year. To compare, the average gasoline price in the U.S. on the same day was $0.253 per gallon higher than a year ago, EIA data showed.

 
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So, I drove through KS and Missouri the other day... I noticed a few farms had unharvested cotton fields.
I'm not completely familiar with the crops harvest period in those states
my question is - When is Cotton in these states normally harvested? I'm wondering if they took a crop insurance loss; since it might have been cheaper to write off the loss, then spend the money to harvest (fuel costs, equipment costs, etc.).