[brunick]

K1W1: you've done a very cheap trip,
here in flensburg regular is somewhere around 1.5€, premium somewhere over 1.6€

even diesel is around 1.5€ - this is insane :|
(i'm working at a gas station by the way, i see those rises every day -.-)

[Codger]

"...obstinately refuses to do anything to increase domestic output, instead resorting to show trial hearings with oil executives and threats to tax the energy industry as if it were levying a monetary fine on criminal behavior..."

Wonder if things will ever change?

http://www.ibdeditorials.com/IBDArti...98162929599517

[brunick]

yeah - but what's with the way of departing from being addicted from oil?

nobody would ever talk about 5$ per gallon

[Codger]

I have no issue with developing alternatives, actually fascinated with some of the evolving technologies. However I do find that the information regarding supply and pricing is pretty one-sided.

There is already a small reaction to the increased pricing in some places.
I have a couple of webcams up on screens that I've been keeping an eye on and traffic is down. Few of us planning on taking the bikes for a run down I15 in a week or so and there are noticeably fewer motorhomes on the road than this time last year.
http://rwis.mdt.mt.gov/scanweb/SWFra...atus=&Camera=1

[Codger]

I've just been informed, none too gently, that I'm an idiot and that the reason that there is much less traffic right now is that any civilized person is busy watching World Cup. Trying to explain to a Dutchman that most americans don't know what real football is and are therefore not watching the World Cup is beyond his comprehension, and only adds to his conviction that the colonies are still uncivilized.

[K1W1]

Hi,

The Dutchman must be confused, it is not the World Cup on right now , that was two years ago. The current tournament is Euro 2008 and Russia have just beaten the reigning champions Greece and they are now eliminated from the contest

[brunick]

yeah - and germany is almost beaten out -.-

guys: we're getting off topic

[NYCAP123]

Originally Posted by Ken Bracewell

I drove the east coast of the US this week. My car requires premium gas, so I was only really paying attention to the price for 93 octane. The most I paid was $4.29 and I found it in NJ for $4.21/gallon.
I filled my tank in Jersey so I should be good for the remainder of my trip to Rhode Island. I don't think the prices will go down as I drive nearer to more expensive real estate.

Ah yeah Ken, Love that Vince Lombardi rest stop. Last shot at cheap gas. You skipped NY . Out here on the island we're paying $4.29 for 87 and I believe $4.59 for 93. Of course, I'm in the cheap seats. Head out to Southampton and it's $4.69 for 87, and I get a migrane just looking for the 93 price . You'd have seen your first $100 fill up.

[Codger]

Originally Posted by K1W1

Hi,

The Dutchman must be confused, it is not the World Cup on right now , that was two years ago. The current tournament is Euro 2008 and Russia have just beaten the reigning champions Greece and they are now eliminated from the contest

The infinite possibilities for mis-understanding a tanker captain somewhere in Indonesia on a useless sat phone. He's been re-directed twice in the last 72 hours as to where he's going to unload. Guess the spot pricing right now is all over the map.
Working a trading desk on the oil spot market right now is a younger man's game.

[Loren Schweizer]

Originally Posted by Codger

The infinite possibilities for mis-understanding a tanker captain somewhere in Indonesia on a useless sat phone. He's been re-directed twice in the last 72 hours as to where he's going to unload. Guess the spot pricing right now is all over the map.
Working a trading desk on the oil spot market right now is a younger man's game.

You sound like a knowledgeable oil guy. With future oil currently higher than spot, i.e., in contango, and the reverse of which is backwardation, who/how/why did those odd-sounding terms come to be anyway?

[Codger]

Originally Posted by Loren Schweizer

You sound like a knowledgeable oil guy. With future oil currently higher than spot, i.e., in contango, and the reverse of which is backwardation, who/how/why did those odd-sounding terms come to be anyway?

Beyond me. There is no shortage of self-important people on this planet that figure that making up big words is the way to go. Maybe just the creations of those that subscribe to the "If you can't dazzle 'em with brains, baffle 'em with bull..."

[DDD]

Can someone tell me why the cost of diesel fuel is so much more than gas. I can remember when diesel was so much cheaper. Is it the same in the country you are in ?

[YachtForums]

Triple D,

Your post has been moved under an existing topic. In the future, please search for relevant discussions before posting new questions.

[K1W1]

Hi,

I just caught a news article on the BBC that said that Diesel was £1.99 a litre somewhere in Devon , UK.

This works out to $14.78 a US Gallon and $17.72 an Imperial Gallon.

This must be a new record and the blame was laid at the feet of Shell Road Tanker drivers who are on strike this week.

[NYCAP123]

Well, that's a lot of bull. Like the oil companies need any excuse beyond raging greed to hilke prices.