Fuel prices
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jyoutz
Well-known member
Equipment
MX6000 HST open station, FEL, 6’ cutter, forks, 8’ rear blade, 7’ cultivator
Oil industry has to repay shareholders who lost their butts during Covid. The corporate boards are in charge. Exxon Mobile just listed RECORD profits.Hey, 60 million barrels were released from the reserve! We'll see 2$ a gallon soon!
Mrlunchbox
Active member
Lifetime Member
Equipment
2023 BX2380 loader/mower. Land Pride snow pusher, Kapteyn pallet forks
Just like after Katrina. "We lost rigs so supply is down while demand increases" All while quarter after quarter of "record profits" give me a break.
GreensvilleJay
Well-known member
Equipment
BX23-S,57 A-C D-14,58 A-C D-14, 57 A-C D-14,tiller,cults,Millcreek 25G spreader,
we've got $2 gas here now !!!
$2 per litre !!!
..so over $9.5 a gallon...well , CDN gallon..
$2 per litre !!!
..so over $9.5 a gallon...well , CDN gallon..
motionclone
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Lifetime Member
Equipment
L345DT with Lp mower, forks and grapple thumb, Bobcat 337 Midi Ex
Dont worry guys, recession will hit soon enough and the gas prices will drop
The cost of my little blue pill has gone up so much, that I had to choose between my wife and my mistress.
Profits are projected as a percentage in a lot of cases. 10% of $1000 is $100. 10% of $10,000 is $1000. If the cost goes up so does profit, especially on fuel since when the cost of fuel rises, almost nobody changes their driving habits, thus people are still using roughly the same amount of fuel. On that note, people griping about the cost, yet I see few changes in driving habits. The streets are still very busy just before school, right before school lets out, then again from 1630 until 1800 (end of most folks' work day). Then from 1630 until 2000, the grocery store parking lot is totally packed. Daily. Sunday afternoons are just as bad. No wonder oil companies are raking in the dollars. Secondly, demand doesn't seem to have dropped any but apparently supply is down. So there you go.
"WE" can reduce the cost of fuel by changing our driving habits! But we won't because it's inconvenient (we, used collectively, I know there are a few exceptions).
Those of you who bought diesel powered vehicles get screwed and this includes the trucking industry. A while back I mentioned that UPS had changed a bunch of their local delivery vehicles, they were replacing aged trucks and buying new with gas engines. Now you see why. They saw some of this coming, and I suspected it too. Since everything we (as consumers) buy relies on a truck at some point, the cost of fuel is being absorbed by us (the consumers) in the form of goods and services costing a lot more.
I'm in kinda the same boat. In Jan I sold my Mustang to a dealer, made a decent amount of money on it. Didn't really need it since my antique was finally finished up and driving. In March a guy at the gas station made me an offer on the antique that I could not refuse and I sold it too. Ordered a new Mustang, not thinking that it'd be 4-5 months before it shows up, so I'm driving my old truck-2003 F250 diesel. Costs me $110/week in fuel and that's not going anywhere other'n back & forth to work. I've cut my driving way back. I haven't been fishing in several months, and generally with decent weather I'm on the water regardless of weather conditions. Crappie season is in full swing and my freezer is getting bare. Not planning on going to the races at all this year, fuel alone for one trip to and from the track is about $175, plus race fuel (which is cheap), and all the other expenses....I can't do it.
But the bright side. Even though fuel is up, the opportunity to invest & make a little money is out there.
They are still driving 80 MPH on a 55 MPH speed limit highway near me. Obeying the law and driving a reasonable speed in not a consideration.
jrsavoie
Active member
Equipment
2022 LX2610, 1963 JD4010, 1975 Ford backhoe, 1996 Toro 223D, 1999 Toro Groun325D
Around here theives have been stealing fuel tanks and all.
A guy went to fill up, called the cops that his fuel tank was empty. Had to leave and couldn't wait for the cops to arrive.
The cop called him back and asked if he got the correct address. There was no fuel tank there at all.
Not an isolated thing.
Pretty interesting time frame on that one though.
Last edited:
Bmyers
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Lifetime Member
Equipment
Grand L3560 with LA805 loader, EA 55" Wicked Grapple, SBX72 BB, LP 1272 mower
jrsavoie
Active member
Equipment
2022 LX2610, 1963 JD4010, 1975 Ford backhoe, 1996 Toro 223D, 1999 Toro Groun325D
Need something like that with a water trap and 2 micron filter.
I have noticed not all filling station pumps are calibrated as they should be. I've put 6 gallons in a 5 gallon gas can.
I usually have fuel delivered to the house and don't go to gas stations very often
jrsavoie
Active member
Equipment
2022 LX2610, 1963 JD4010, 1975 Ford backhoe, 1996 Toro 223D, 1999 Toro Groun325D
I have room for 800 gallons.
Should I fill or should I wait?
I hate going to gas stations. We are used to filling at home and sometimes forget we are out of fuel here.
Should I fill or should I wait?
I hate going to gas stations. We are used to filling at home and sometimes forget we are out of fuel here.
Lil Foot
Well-known member
Lifetime Member
Equipment
1979 B7100DT Gear, Nissan Hanix N150-2 Excavator
jrsavoie
Active member
Equipment
2022 LX2610, 1963 JD4010, 1975 Ford backhoe, 1996 Toro 223D, 1999 Toro Groun325D
What does the future hold?
Is it going up?
Hanging about the same?
Or going back down a little?
I think it's going to possibly double again
jyoutz
Well-known member
Equipment
MX6000 HST open station, FEL, 6’ cutter, forks, 8’ rear blade, 7’ cultivator
Who is “they?” Is that the corporate boards? They make the petroleum production decisions.