I am fully aware of supply vs. demand. We demand and they supply. Usually around this time fuel prices go down. And last time Fuel was at $3.209 at 9/10ths of a gal. We the people would complain! When it was over $5 Truckers were talking about pulling off and shutting down. Have we gone complacent? I rember when the oil droped to $55 a barrel last year for a moment. Did it dip below two dollars? No, last time it was at $55 dollars a barrel, Fuel was quite reasonable. We have actualy stepped up drilling, and are producing huge amounts of oil. So then I wounder about the BP thing? That oil that was coming out from our shores from the disaster, was destine for South Korea. Meanwhile the oil is largely being exported to China (I wonder what they pay per litre?). producers get huge bonuses from having a record profitable year. Ok I am for bonuses if they are able to do what they are supposed to do, thats fine People have to be paid for their worth. What I am getting at is this. The numbers just don't add up! When I was working in the Steel industry replacing some of the oil holding tanks for the big oil. It was a well known fact that they were using technology from the 1930s to produce and make fuel. They do very little to upgrade if they did not need to. So I am wondering if it is both ways. Is the government not issuing orders for new plants to be made and/or upgraded for the sake of Environment, or is it the Fuel producers not doing it? Here is another question. I was taught diesel was relatively inexpensive to produce, So why is our own auto producers not allowing the diesel to be embraced by the americans? One reason they site, Diesel engines are expensive to manufacture, the power-plants would drive coasts down. This is true but if you look at it another way we all know they last longer. So the initial cost might be High, but in the long run we get lower operational savings. This is my Bomb Take Cover! I have more.

 

Yo man, don't feel bad, I'm paying $3.35 here in Mid Ohio

 

anywhere from 3.30 to 3.67 around Utah

 

3.59 in Washington and 2 years ago I was paying 5.00 for about 3/4 of a gallon and I was trucking!!! My fuel bill was in the thousnads a month

 

Unfortunately it is scheduled to go up, and we really don't have a choice this time! Actually this is an understatement we never had a choice. the only other choice is not to drive. I will add this, China has been buying fuel in record numbers from the UAE. The UAE is one of the controlling factors in oil prices. So even if we decide not to buy fuel, and shut down. It would ultimately hurt us. Prices would drop for a moment, but what will happen is the oil companies will sell all of their oil destine to or coming from the U.S to competing countries. then they would skyrocket the prices on us as a form of a blanket punishment. After all they thumbed their noses at the American Government for wanting to tax their record profits. They said they would pass it along to us the consumer.

 

To bad my truck can't handle more than 5% BIO-DIESEL We need to make our own fuel

 

It is funny you said that. We have the capability of producing oil in our own country. But environment regulations and the fact that big oil refuses to refine our oil, Reason; they say it is to difficult, and their facilities were designed for sweet crude not our crude. However; they would pull it and sell it to be refined in a competing country. Most of our offshore drilling is not destine for our shores like we think it is. it does get sent to our shores to be held and sent else where.

 

The DEMONCRATS won't let the oil company build NEW refineries

 

Oil companies don't want to spend the money to upgrade. They use environment and government as their fall for not doing it. But thanks to the BP disaster both side no longer have to worry about that.

 

Little over $4.80 a gallon here in Cape Breton N.S