View Single Post
  #8   Report Post  
posted to rec.boats
John H.[_5_] John H.[_5_] is offline
external usenet poster
 
First recorded activity by BoatBanter: Jul 2008
Posts: 8,663
Default Fuel Prices Likely to Drop Again

On Thu, 5 Mar 2015 05:08:45 -0800 (PST), True North wrote:

On Thursday, 5 March 2015 08:20:25 UTC-4, John H. wrote:
On Wed, 04 Mar 2015 17:54:56 -0500, Wayne.B wrote:


The storage problem is beginning to hit US oil producers as tank farms
are close to being full. Once crude oil is pumped out of the ground
it has to go somewhere. If there is no additional room to store
domestic oil it will drive prices downward in the commodity auction
pool, possibly by a large amount. The other good news is that
imported oil will continue to be squeezed out of the US market and put
additional pressure on the Russians and Venezuela.

I need to fuel up our trawler one of these days with 900 gallons of
diesel before we take off for a spring cruise. I've been delaying in
the expectation of lower prices. Stay tuned.

http://www.houstonchronicle.com/business/outside-the-boardroom/article/Traders-can-t-ignore-oil-storage-limits-much-6114400.php


Hope you're right. Around here diesel has started its climb. It never got below $2.79
in the first place.
--

Guns don't cause problems. The behavior
of certain gun owners causes problems.


What are you crying about?
Here gas is $1.08 per liter and diesel around $1.30. Tomorrow that will most likely change as our sister province next door just raised their prices today.
At one time they used to claim our prices were based on some imaginary New York price. Saw in the news a week or so ago that now it's a more expensive European 'Bent' price our government regulators use.
I think the government regulators and oil companies go around to find the most expensive crude in the world to base their calculations on.


So why are you crying?
--

Guns don't cause problems. The behavior
of certain gun owners causes problems.