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

I've been watching it too. $2.25 gas is still better than the $4.30 it was a few months ago

Tim wrote:
I've been watching it too. $2.25 gas is still better than the $4.30 it was a few months ago

Context?
--
Sent from my iPhone 6+

Keyser Söze wrote:
Tim wrote:
I've been watching it too. $2.25 gas is still better than the $4.30 it was a few months ago
Context?


Go play net cop with your boy Donnie.

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

$5 a toll on diesel Kona. $2.99 regular Costco.

On Wed, 04 Mar 2015 22:48:41 -0600, Califbill
wrote:

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

$5 a toll on diesel Kona. $2.99 regular Costco.

===

Diesel should get a double boost - first as crude inventories continue
to pile up, and second as winter heating oil demand starts to drop
off.

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

It's been steadily rising again here in Ontario. ****ing crook cocksuckers.

On 3/5/2015 12:05 AM, Wayne.B wrote:
On Wed, 04 Mar 2015 22:48:41 -0600, Califbill
wrote:

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

$5 a toll on diesel Kona. $2.99 regular Costco.

===

Diesel should get a double boost - first as crude inventories continue
to pile up, and second as winter heating oil demand starts to drop
off.


Do you buy from "marine" fuel stations?
In Scituate MA, the guys on the dock who did a lot of fishing used to
arrange for a fuel truck to show up at about 4am before the marina
operator (who also sold fuel) arrived. They were getting diesel for
about a buck less per gallon than the marina price.

I could never figure out why diesel went up in price to cost more than
gasoline. It used to be significantly less. It is less refined than
gasoline so it would stand to reason that it's less expensive to
process. I remember buying it for as little as 99 cents/gal in the
South Carolina/Georgia areas .. and that was at marine fuel stops.

On 3/5/2015 12:51 AM, wrote:
On Wed, 04 Mar 2015 22:48:41 -0600, Califbill
wrote:

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

$5 a toll on diesel Kona. $2.99 regular Costco.

we are seeing $2.29-$2.49 right around here. It can swing 20-30 cents
within a few miles so you have to look around.
There are a few places that are really gouging tho.



I give up. What does "$5 a toll" mean?

"Mr. Luddite" wrote:
On 3/5/2015 12:05 AM, Wayne.B wrote:
On Wed, 04 Mar 2015 22:48:41 -0600, Califbill
wrote:

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

$5 a toll on diesel Kona. $2.99 regular Costco.

===

Diesel should get a double boost - first as crude inventories continue
to pile up, and second as winter heating oil demand starts to drop
off.


Do you buy from "marine" fuel stations?
In Scituate MA, the guys on the dock who did a lot of fishing used to
arrange for a fuel truck to show up at about 4am before the marina
operator (who also sold fuel) arrived. They were getting diesel for
about a buck less per gallon than the marina price.

I could never figure out why diesel went up in price to cost more than
gasoline. It used to be significantly less. It is less refined than
gasoline so it would stand to reason that it's less expensive to process.
I remember buying it for as little as 99 cents/gal in the South
Carolina/Georgia areas .. and that was at marine fuel stops.

Refinery processes changed. Used to be distillation. Now catalytic
cracking. In distillation the diesel was a bigger percentage product of
the barrel of oil. Less gas, more diesel. Now they get more gasoline than
diesel from a barrel.