Fuel prices

[My Barn]

At in-laws in Roseville, Mi ~ Regular $3.549, Premium $4.299, Diesel $5.149...

 

[GreensvilleJay]

$2.20per litre here AND just head, finally getting another nuke at Darlington..
we'll see IF that happens.....

 

[sheepfarmer]

Here is a thoughtful article that points out some of the complexities the US is facing. Regrettably the shortage of functional refineries can't be solved in any short period of time. I wonder what it would take to get the one that was trashed about 2 hurricanes back to function again?

Opinion | Putin Is Onto Us (Published 2022)

When it comes to energy, the West wants five incompatible things at once.

www.nytimes.com

 

[AndyM]

an environment that recognizes the need for one and provides for the legal and structural certainty to that end.

Energy Execs Tell Granholm Shuttered U.S. Oil Refineries Won’t Restart | OilPrice.com

U.S. energy executives told Jennifer Granholm that shuttered crude oil refineries won’t restart, Valero’s Chief Executive Joe Gorder said on Tuesday

oilprice.com

 

[Flintknapper]

Here is a thoughtful article that points out some of the complexities the US is facing. Regrettably the shortage of functional refineries can't be solved in any short period of time. I wonder what it would take to get the one that was trashed about 2 hurricanes back to function again?

Opinion | Putin Is Onto Us (Published 2022)

When it comes to energy, the West wants five incompatible things at once.

www.nytimes.com

There have been 5 refineries shut down in the last two years. This has reduced the U.S. refining capability by about 5%.

There is no incentive for Oil Companies to invest Billions of dollars into upgrading, repairing or building new refineries amidst a hostile environment.....hell bent on eliminating fossil fuels and petroleum production.

 

[jyoutz]

an environment that recognizes the need for one and provides for the legal and structural certainty to that end.

Energy Execs Tell Granholm Shuttered U.S. Oil Refineries Won’t Restart | OilPrice.com

U.S. energy executives told Jennifer Granholm that shuttered crude oil refineries won’t restart, Valero’s Chief Executive Joe Gorder said on Tuesday

oilprice.com

The refinery capacity issues have been with us for a couple of decades under several administrations, yet no corporate boards have invested in construction of new facilities.

 

[jyoutz]

There have been 5 refineries shut down in the last two years. This has reduced the U.S. refining capability by about 5%.

There is no incentive for Oil Companies to invest Billions of dollars into upgrading, repairing or building new refineries amidst a hostile environment.....hell bent on eliminating fossil fuels and petroleum production.

What is current vs past refining capacity? In my state there has been a refinery closure, yet the refining capacity has increased. This is because other refineries have been upgraded to handle more capacity and the closed unit was a smaller less efficient operation.

 

[Flintknapper]

The refinery capacity issues have been with us for a couple of decades under several administrations, yet no corporate boards have invested in construction of new facilities.

Partly because in the past we've been able to import crude oil to supplement domestic production at rates and prices favorable to all (or most). Quite a few things have changed in the last two decades.

 

[skeets]

The truck stop yesterday 4.19 for reg. and ORD was 6.29 I never checked on off road

 

[dirtydeed]

$3.899/gal for regular
$5.30/gal for ethanol free.

 

[sheepfarmer]

$3.89 for regular, $5.30 for diesel today.

 

[D2Cat]

Gas here is $3.34 regular, diesel $4.99.

 

[The Evil Twin]

What is current vs past refining capacity? In my state there has been a refinery closure, yet the refining capacity has increased. This is because other refineries have been upgraded to handle more capacity and the closed unit was a smaller less efficient operation.

Just shy of 18m bpd as of Q3 2022. That's significantly less than Q4 2019 and what we currently consume. So the U.S.A is not only importing crude, it is also importing refined products.

 

[Siesta Sundance]

Today

$2.93 gas

$4.45 diesel

 

[L35]

$3.39 reg
$5.89 #2D

 

[jyoutz]

Just shy of 18m bpd as of Q3 2022. That's significantly less than Q4 2019 and what we currently consume. So the U.S.A is not only importing crude, it is also importing refined products.

The US is also exporting both crude and refined products.

 

[jyoutz]

Just shy of 18m bpd as of Q3 2022. That's significantly less than Q4 2019 and what we currently consume. So the U.S.A is not only importing crude, it is also importing refined products.

STEO

From this: “U.S. crude oil production in our forecast averages 11.7 million b/d in 2022 and 12.4 million b/d in 2023, which would surpass the record high set in 2019.”

The US is also exporting both crude and refined products.

 

[dirtydeed]

Just saw a report on watters world that a local guy from nazareth PA just got 77 gallons of fuel oil delivered for $470.

quick math says $6.10/gal

 

[GeoHorn]

$2.99 for regular, $3.64 for hi-way diesel.

 

[The Evil Twin]

The US is also exporting both crude and refined products.

Well neat! That's what an open market is all about. Doesn't change the net deficit in consumption vs. production.