On Thu, 29 Oct 2015 09:33:42 -0700 (PDT), Tim
wrote:

On Thu, 29 Oct 2015 10:15:48 -0400, Keyser Söze
wrote:
- show quoted text -
I think this may be a bit more strategic. The saudis are selling oil
at lower than their production cost and I doubt it is out of the
kindness in their heart.
....

Probably using the same tactic the cartels pulled in the 80s to bust their world competitors, then raise it back

===

I don't think the Saudis have control of the market anymore. Obviously
they'd like to maintain market share and see some of the competition
go away but as soon as prices start to go back up, alternative sources
like shale oil and liquified natural gas become cost effective again.

On Thu, 29 Oct 2015 09:44:46 -0400, wrote:

It appears that the world is awash in more petro distillates than it
can consume or store. Ships in transit have become the storage of
last resort and that can't last forever. This will continue to
translate into lower prices at the pump but there is only so much
elasticity in demand as prices come down. Eventually the oil
producers will have to decommission some of their wells or pump less
agressively.

http://www.reuters.com/article/2015/10/26/oil-diesel-glut-idUSL8N12N36520151026

There is an interesting effect where diesel prices come down faster
than gasoline since diesel fuel gets produced as a byproduct of
gasoline distillation, but the demand for diesel increases more slowly
as prices come down. That creates a temporary production imbalance
and lower prices for diesel.

I am not complaining, nor is my wife!
--

Ban idiots, not guns!

On Sat, 31 Oct 2015 17:09:08 -0400, John H.
wrote:

On Thu, 29 Oct 2015 09:44:46 -0400, wrote:

It appears that the world is awash in more petro distillates than it
can consume or store. Ships in transit have become the storage of
last resort and that can't last forever. This will continue to
translate into lower prices at the pump but there is only so much
elasticity in demand as prices come down. Eventually the oil
producers will have to decommission some of their wells or pump less
agressively.

http://www.reuters.com/article/2015/10/26/oil-diesel-glut-idUSL8N12N36520151026

There is an interesting effect where diesel prices come down faster
than gasoline since diesel fuel gets produced as a byproduct of
gasoline distillation, but the demand for diesel increases more slowly
as prices come down. That creates a temporary production imbalance
and lower prices for diesel.

I am not complaining, nor is my wife!

===

Nor am I, in fact it looks like it's just about time to fill up the
trawler for a winter excursion, maybe Cuba.

On Sat, 31 Oct 2015 17:26:15 -0400,
wrote:

On Sat, 31 Oct 2015 17:09:08 -0400, John H.
wrote:

On Thu, 29 Oct 2015 09:44:46 -0400, wrote:

It appears that the world is awash in more petro distillates than it
can consume or store. Ships in transit have become the storage of
last resort and that can't last forever. This will continue to
translate into lower prices at the pump but there is only so much
elasticity in demand as prices come down. Eventually the oil
producers will have to decommission some of their wells or pump less
agressively.

http://www.reuters.com/article/2015/10/26/oil-diesel-glut-idUSL8N12N36520151026

There is an interesting effect where diesel prices come down faster
than gasoline since diesel fuel gets produced as a byproduct of
gasoline distillation, but the demand for diesel increases more slowly
as prices come down. That creates a temporary production imbalance
and lower prices for diesel.

I am not complaining, nor is my wife!

===

Nor am I, in fact it looks like it's just about time to fill up the
trawler for a winter excursion, maybe Cuba.

Sounds like a great trip. I am waiting until the Key West Express
starts running the fast cat down there. That should be about an 8 hour
ride to Havana. I think a day or two would be plenty.

On Sat, 31 Oct 2015 17:09:08 -0400, John H.
wrote:

On Thu, 29 Oct 2015 09:44:46 -0400, wrote:

It appears that the world is awash in more petro distillates than it
can consume or store. Ships in transit have become the storage of
last resort and that can't last forever. This will continue to
translate into lower prices at the pump but there is only so much
elasticity in demand as prices come down. Eventually the oil
producers will have to decommission some of their wells or pump less
agressively.

http://www.reuters.com/article/2015/10/26/oil-diesel-glut-idUSL8N12N36520151026

There is an interesting effect where diesel prices come down faster
than gasoline since diesel fuel gets produced as a byproduct of
gasoline distillation, but the demand for diesel increases more slowly
as prices come down. That creates a temporary production imbalance
and lower prices for diesel.

I am not complaining, nor is my wife!

Buck 95 today at Costco. I may wait a few days before I fill up my
boat cans tho, just to see how good it gets.

On Sat, 31 Oct 2015 19:45:12 -0400, wrote:

On Sat, 31 Oct 2015 17:09:08 -0400, John H.
wrote:

On Thu, 29 Oct 2015 09:44:46 -0400, wrote:

It appears that the world is awash in more petro distillates than it
can consume or store. Ships in transit have become the storage of
last resort and that can't last forever. This will continue to
translate into lower prices at the pump but there is only so much
elasticity in demand as prices come down. Eventually the oil
producers will have to decommission some of their wells or pump less
agressively.

http://www.reuters.com/article/2015/10/26/oil-diesel-glut-idUSL8N12N36520151026

There is an interesting effect where diesel prices come down faster
than gasoline since diesel fuel gets produced as a byproduct of
gasoline distillation, but the demand for diesel increases more slowly
as prices come down. That creates a temporary production imbalance
and lower prices for diesel.

I am not complaining, nor is my wife!

Buck 95 today at Costco. I may wait a few days before I fill up my
boat cans tho, just to see how good it gets.

===

You'll pay more if you drive up to the Ft Myers city marina but you
can get straight gasoline there with no alcohol in it.

On Sat, 31 Oct 2015 20:40:20 -0400,
wrote:

You'll pay more if you drive up to the Ft Myers city marina but you
can get straight gasoline there with no alcohol in it.

Why would I want to do that. Ethanolaphobia only applies to people
with trailer queens who store gas in the driveway. I buy it, I burn it
and I buy some more. Any engine made since the Reagan administration
can deal with E-10.
I should worry more about the gas in my truck or my car. They only go
about 1500 and 2000 miles a year respectively. I don't have a water
separator in them either.

On Sat, 31 Oct 2015 19:45:12 -0400, wrote:

On Sat, 31 Oct 2015 17:09:08 -0400, John H.
wrote:

On Thu, 29 Oct 2015 09:44:46 -0400, wrote:

It appears that the world is awash in more petro distillates than it
can consume or store. Ships in transit have become the storage of
last resort and that can't last forever. This will continue to
translate into lower prices at the pump but there is only so much
elasticity in demand as prices come down. Eventually the oil
producers will have to decommission some of their wells or pump less
agressively.

http://www.reuters.com/article/2015/10/26/oil-diesel-glut-idUSL8N12N36520151026

There is an interesting effect where diesel prices come down faster
than gasoline since diesel fuel gets produced as a byproduct of
gasoline distillation, but the demand for diesel increases more slowly
as prices come down. That creates a temporary production imbalance
and lower prices for diesel.

I am not complaining, nor is my wife!

Buck 95 today at Costco. I may wait a few days before I fill up my
boat cans tho, just to see how good it gets.

Diesel was $2.17 in Garrisonville. Can't complain about that.
--

Ban idiots, not guns!

On Sunday, November 1, 2015 at 5:47:48 AM UTC-6, John H. wrote:
On Sat, 31 Oct 2015 19:45:12 -0400, wrote:

On Sat, 31 Oct 2015 17:09:08 -0400, John H.
wrote:

On Thu, 29 Oct 2015 09:44:46 -0400, wrote:

It appears that the world is awash in more petro distillates than it
can consume or store. Ships in transit have become the storage of
last resort and that can't last forever. This will continue to
translate into lower prices at the pump but there is only so much
elasticity in demand as prices come down. Eventually the oil
producers will have to decommission some of their wells or pump less
agressively.

http://www.reuters.com/article/2015/10/26/oil-diesel-glut-idUSL8N12N36520151026

There is an interesting effect where diesel prices come down faster
than gasoline since diesel fuel gets produced as a byproduct of
gasoline distillation, but the demand for diesel increases more slowly
as prices come down. That creates a temporary production imbalance
and lower prices for diesel.

I am not complaining, nor is my wife!

Buck 95 today at Costco. I may wait a few days before I fill up my
boat cans tho, just to see how good it gets.

Diesel was $2.17 in Garrisonville. Can't complain about that.
--

Ban idiots, not guns!

Gasoline 1.85 in Effingham today...

On Sun, 1 Nov 2015 15:49:43 -0800 (PST), Tim
wrote:

On Sunday, November 1, 2015 at 5:47:48 AM UTC-6, John H. wrote:
On Sat, 31 Oct 2015 19:45:12 -0400, wrote:

On Sat, 31 Oct 2015 17:09:08 -0400, John H.
wrote:

On Thu, 29 Oct 2015 09:44:46 -0400, wrote:

It appears that the world is awash in more petro distillates than it
can consume or store. Ships in transit have become the storage of
last resort and that can't last forever. This will continue to
translate into lower prices at the pump but there is only so much
elasticity in demand as prices come down. Eventually the oil
producers will have to decommission some of their wells or pump less
agressively.

http://www.reuters.com/article/2015/10/26/oil-diesel-glut-idUSL8N12N36520151026

There is an interesting effect where diesel prices come down faster
than gasoline since diesel fuel gets produced as a byproduct of
gasoline distillation, but the demand for diesel increases more slowly
as prices come down. That creates a temporary production imbalance
and lower prices for diesel.

I am not complaining, nor is my wife!

Buck 95 today at Costco. I may wait a few days before I fill up my
boat cans tho, just to see how good it gets.

Diesel was $2.17 in Garrisonville. Can't complain about that.
--

Ban idiots, not guns!

Gasoline 1.85 in Effingham today...

===

The supply chains are awash with fuel right now. Things will probably
get better for a while, at least until they start closing refineries
for their annual maintenance and winter fuel switch over.