there are supposedly talks of putting more regulations on the stock market. Those big shot investors start to get antsy and do something drastic and the economy suffers for it.

 

I have one question about gas prices, why is deisel so much more expensive than regular gas....

 

higher tax and gov't regulations for lower sulfur content... Resulting in higher cost to refine. Trickle effect. Gotta love the economy.

 

It's funny. I don't know if this happened anywhere else, but here in oklahoma, when gas prices started getting real high, Diesel was a lot cheaper for a while. Then all of the sudden it jumped back to the top of the price list.
It's like someone was sitting there doing their taxes and noticed oh crap, we forgot that diesel should be more! And then just up'd the price.

Edit: Did some research to refresh my memory. It really depended on where you checked prices. the Higher priced stations where charging as much or more for unleaded as some of the cheaper stations where charging for diesel.
That's probably what I remember seeing.

 

also like i said above, supply and demand. a majority of deisel goes overseas.
as for the govt regulations, the refinery i work at just spent over $30 million dollars on a new process treating unit just for ultra low sulfer deisel. all refineries are having to do this for regulations,so, they recover the cost with the high price at the pump.

 

dont hold your breath for that to happen soon, the USD aint going to grow ***** til the rate hikes start coming in and strong numbers start coming out from the USD as well. possibly late this year, or sometimes next year. but who knows, anything can happen.

 

Filled the truck today, Citgo 93 Oct @ $3.84/gal, and yesterday the HHR SS with Chevron 93 Oct @ $3.87/gal, right here in Alvin.

 

well your young, so you have no memory of what was going on when jimmy carter was in office.
no gas, long lines, high prices, fist fights, all of this has happened before,
it will happen again in 20 to 25 years.

 

Gas dipped to $118 a barrel!!!! Isn't 117 the magic number for the big sell off, I thought I remember reading it somewhere...

http://news.yahoo.com/s/ap/20080805/..._ge/oil_prices

 

I guess that depends on how you view it. Point is, profits are reinvested into cleaner fuels (gov't reg.), Ultra LSD (gov't reg.), and greater efficiency which "should" yield greater recycled use of refined product to produce more fuel (profit theory of recylcing what ya got to produce greater output). I think you can agree with that. Everyone looks to make a profit. But, with gov't regs being put in place more and more since the 70s, companies are having to spend more (as rightly should) to produce better/clean product to help curve environmental issues. Naturally, cost will be affected.

It's like gov't disaster relief and insurance companies. They'll assist financially, but you better believe future (up-front) costs will be affected. Relate fuel costs to energy production. Hasn't EVERYONE'S electricity bill increased lately... not due to consumption, but fuel surcharge? Just like the gov't, fuel refiners, energy producers, insurance companies, etc are increasing product (& service) prices. For fuel & energy, what's the source of higher prices? Answer: Oil distributor. Plainly spoken, over 70% of oil consumption/usage is IMPORTED. I mentioned this before, no company's willing to go bankrupt. "Value" goes up, cost to refine will, resulting in pump price increases. Plain and simple. Shoot the source, not the messenger.

BTW... my company's stock dropped. My budget's tight like the average middle-class American.