$2.49/gallon here.
the tax difference between Diesel Fuel and Gasoline here in California will make up for any drop in prices...
its high now...and the bureacraps will see this price drop as an excuse to TAX TAX TAX the up side ..upside...down..
I’m looking for the price drop at the marina. It’s $3.109 this week. I need about 300 gallons to top off the tanks.
Retail kerosene here in NC shot well past diesel several years ago. Due to the general slide in retail fuel prices, diesel is now under $3.00/gal. here for the first time in a very long time. Kerosene? $3.99. Not moved much at all. Poor country people heat their houses with it using portable kerosene heaters, or once did. It has no road tax, it’s dyed red and illegal to use in road-going vehicles. So, unless there’s some penalty attached to kerosene of which I’m not aware, I can only assume that the supply is constrained, but even home heating oil is cheaper. I don’t know what to make of it.
Good news for farmers!
Diesel should be half the price of gas, its much easier to refine. In fact it’s almost not refined.
It was typically half the price of gas in the 1970s until people started buying diesel cars to take advantage of the price difference. Soon as that started happening the oil companies tool advantage of the 79 oil crisis to bump up the price to parity with gas.
It’s a giant fraud and a ripoff and they make tons of money on it.
Wonder how well fuel oil will track with it now that ULS is required in that too.
One thing I notice servicing boilers these past couple of years with ULS fuel oil is that they are much cleaner at annual service time with less black soot deposits. More white ash now in the heat exchangers.
The shaft seals on the oil pumps is another story though and the jury is still out on that one.
Does anyone have insight regarding how propane prices will be affected by the drop in oil prices?