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Unwanted diesel and jet fuel cargoes are backing up outside Europe's ports
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Unwanted diesel and jet fuel cargoes are backing up outside Europe's ports
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. |
Unwanted diesel and jet fuel cargoes are backing up outside Europe's ports
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. |
Unwanted diesel and jet fuel cargoes are backing up outside Europe's ports
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. |
Unwanted diesel and jet fuel cargoes are backing up outside Europe's ports
|
Unwanted diesel and jet fuel cargoes are backing up outside Europe's ports
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! |
Unwanted diesel and jet fuel cargoes are backing up outsideEurope's ports
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... |
Unwanted diesel and jet fuel cargoes are backing up outside Europe's ports
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. |
Unwanted diesel and jet fuel cargoes are backing up outside Europe's ports
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... My local diesel guy went up ten cents today. -- Ban idiots, not guns! |
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