BLOG Diesel hits $5.65 as U.S. supplies plunge. What RVers may face this fall

[Neal]

Yeah buddy....

https://www.rvtravel.com/diesel-hits-565-supplies-plunge-rvers-face-fall/

 

[newmarokie]

diesel in OKC is between $4.99 and $5.09

 

[Underboss]

It will go back to normal any day now, any day.......

 

[Phillbo]

5.89 around here....

 

[Neemer]

National avg still below spring of ‘22.

 

[redbaron]

And our future reserve outlook is looking very good.

 

[Rollin Ollen]

It will go back to normal any day now, any day.......

Cross your fingers. Heavy Canadian crude is heavily optimized for diesel and distillate yields. The US imports about 60% from Canada. So far Alberta is holding back on Tariffs and the possible tuning off the taps. The Straight of Hormuz still isn't moving a lot of traffic.

 

[Underboss]

Cross your fingers. Heavy Canadian crude is heavily optimized for diesel and distillate yields. The US imports about 60% from Canada. So far Alberta is holding back on Tariffs and the possible tuning off the taps. The Straight of Hormuz still isn't moving a lot of traffic.

Lowering costs is apparently not a priority. If Canada shuts the door we will be seeing $10/gallon. This Venezuela thing is a joke as many companies went there, did the work to be allowed to pump and export oil and got thrown out. The oil infrastructure there is years away from making a dent in this issue. There is also an unelected leader there and regime change can happen overnight and shut the oil down. Not sure how many companies are going to invest there again on such a risk.
I am about to start a month long trip, its the cost of the lifestyle. After this trip most of my trips will be less then 1k miles or so for the near future.

 

[Holdmybeer]

And our future reserve outlook is looking very good.

The jokes thread is over in Patio Talk

 

[Holdmybeer]

Which translates to inflation. Demand driven inventory management means retailer's warehouses now have 18 wheels and like tariffs, when the costs to the wholesaler go up, the retail cost of the commodity will go up.

 

[Kevin D Pem]

Inflation is as artificial as our currency, and that has been tied to oil since tricky Dick. So yes expect some more inflation.

 

[Neal]

Crossing the line of politics friends...refrain please!

 

[redbaron]

the USA secured effective control of 65 billion barrels of oil from Venezuela. This is what will resolve the long term pricing issue as it’s much closer than anything from the mid east and is in waters already controlled by the US.

It did not cost anything from the tax payers. It was a concession.

Bottom line, a real solution exists and will be felt by all at the fuel pump in the coming year.

 

[Holdmybeer]

the USA secured effective control of 65 billion barrels of oil from Venezuela. This is what will resolve the long term pricing issue as it’s much closer than anything from the mid east and is in waters already controlled by the US.

It did not cost anything from the tax payers. It was a concession.

Bottom line, a real solution exists and will be felt by all at the fuel pump in the coming year.

That’s magical thinking. Oil prices are determined on the international spot market. There’s no shortage here now so even if that unicorn in Venezuela pans out, which is doubtful at best, it wouldn’t make a dimes worth of difference to what’s being paid at the pump either next year or five years from now. Global supply is the issue and as long as the Charlie Foxtrot over there continues nothing will change.