Fuel Prices Likely to Drop Again
 

On Thu, 05 Mar 2015 08:22:08 -0500, Wayne.B wrote:

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

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.

===

Gas and diesel in Europe were both over $2/liter the last time I was
there.

Right now, in Rotterdam, diesel is $1.53/L times 3.8L/gallon gives a measely $5.81
for a gallon of diesel. It's no wonder so many folks ride bikes over there.
--

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

Fuel Prices Likely to Drop Again
 

On Thu, 05 Mar 2015 09:36:05 -0500, John H.
wrote:

Right now, in Rotterdam, diesel is $1.53/L times 3.8L/gallon gives a measely $5.81
for a gallon of diesel. It's no wonder so many folks ride bikes over there.
--

===

That's a reasonable price by European standards.

Fuel Prices Likely to Drop Again
 

On Thursday, 5 March 2015 12:23:14 UTC-4, wrote:
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.

I bet the taxes make up the difference. The last time I looked you
were paying as much or more taxes on a liter as we pay on a gallon.
There is a federal tax a province sales tax, a GST/HST, a transit tax,
maybe a province fuel tax and a carbon tax, depending on where you
live.

... but you get free medical care ;-)

Yes, taxes do make up a large part of the difference, and it seems to be in the government's interests to have high gas prices since their taxes are a percentage of the refiners costs..and then we tax the taxes with the 15% HST added. But on the other hand...that "free" medical care is a very good price. (as they say in Noo Yark)
Just had my last visit with my specialist re the PMR I'm recovering from.
I believe this was the 4th visit and she billed me $0.00. That included blood tests before each visit. Yessir...a very good price!

Fuel Prices Likely to Drop Again
 

On Thu, 05 Mar 2015 11:14:45 -0500, wrote:

On Thu, 05 Mar 2015 07:18:43 -0500, Wayne.B
wrote:

Virtually all fuel in this area is first delivered by truck from Tampa
which is about 100 miles to the north. That adds around 5 to 10 cents
a gallon.

The funny thing about that is gas is actually 15-20 cents cheaper in
Tampa than it is in South Ft Myers and Tampa is more like 140 miles
north. Then when you go another 15 miles down to Bonita it jumps
another 20 cents. Those last 20 miles must really be tough on the
teamsters. ;-)

===

My youngest son, the ivey league MBA, and I once did a thought
exercise on the economics of setting up a fuel terminal business in
SWFL and barging it in from Tampa. It was clear that the start up
costs would be quite high and the permitting hurdles added both
expense and a fair degree of risk. It would be easier for an
established business like Ballards in FMB but they seem happy just
selling diesel to shrimpers. If I was younger and more
entrepreneurial I might try to buy them out or make a business
proposal.

Fuel Prices Likely to Drop Again
 

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.

You pay for that "free" medical care.

Fuel Prices Likely to Drop Again
 

On Thu, 05 Mar 2015 13:52:38 -0500, wrote:

On Thu, 05 Mar 2015 12:17:48 -0500, Wayne.B
wrote:

On Thu, 05 Mar 2015 11:14:45 -0500, wrote:

On Thu, 05 Mar 2015 07:18:43 -0500, Wayne.B
wrote:

Virtually all fuel in this area is first delivered by truck from Tampa
which is about 100 miles to the north. That adds around 5 to 10 cents
a gallon.

The funny thing about that is gas is actually 15-20 cents cheaper in
Tampa than it is in South Ft Myers and Tampa is more like 140 miles
north. Then when you go another 15 miles down to Bonita it jumps
another 20 cents. Those last 20 miles must really be tough on the
teamsters. ;-)

===

My youngest son, the ivey league MBA, and I once did a thought
exercise on the economics of setting up a fuel terminal business in
SWFL and barging it in from Tampa. It was clear that the start up
costs would be quite high and the permitting hurdles added both
expense and a fair degree of risk. It would be easier for an
established business like Ballards in FMB but they seem happy just
selling diesel to shrimpers. If I was younger and more
entrepreneurial I might try to buy them out or make a business
proposal.

You are right about the permitting issues.
Do they move refined product by rail? That might also be an option. We
already have a small bulk plant down on Fowler, right next to the
tracks. They also have a lot of space near the terminus at the end of
the line in south Bonita.
.

===

There's no problem moving refined product by rail. It's done all the
time but I'm sure barging it is significantly cheaper. You can also
use the barges as a storage facility and avoid the permitting for a
tank farm. It's not easy to do that by rail even if you have a large
freight yard. Getting a lot of truck traffic in and out of FMB could
be a big issue however. Using barges you could lighter the fuel right
off the tankers in Tampa and avoid some middlemen.

I've seen the terminal on Fowler. It looks relatively small and
lightly used but I don't know why.

Fuel Prices Likely to Drop Again
 

On Thu, 05 Mar 2015 13:45:12 -0600, Califbill
wrote:

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.

You pay for that "free" medical care.

===

Quality and timliness are big issues also. Non emergency care is
rationed and you can wait a long time even with injuries. Many
wealthy Canadians come to the US for serious medical care.

The price can keep dropping. I like putting the squeeze on Putin. Every drop in the price kicks Putin in the ass. The Saudis can up production to make up for the perceived losses.

Fuel Prices Likely to Drop Again
 

On Wednesday, March 4, 2015 at 5:55:01 PM UTC-5, Wayne. B wrote:

Crude is UNDER $50 a barrel, but the prices are going up. Perhaps a bombed out Gas Station would make a point.