Posted on 10/03/2005 3:13:07 PM PDT by snowsislander
The national average retail price of a gallon of diesel leaped 34 cents for the week ending Oct. 3, to a new record of $3.144. That’s $1.09 more than in the same week of 2004.
The average price for the week increased to more than $3 a gallon in every region tracked by the U.S. Department of Energy. The biggest increase, 50 cents, was in the Lower Atlantic region; the smallest increase, 14 cents, was in the Rockies.
The highest average diesel price was in the Lower Atlantic region at $3.283, the lowest in New England at $3.012.
"The diesel prices are going to contiune to rise," said Department of Energy economist Jacob Bournazian. "This is the one year where we'll see the record prices continually being set throughout the remaining portion of 2005. The main reason is due to the supply disruptions due to the two hurricanes. The refineries that have shut down have resulted in approximately 700,000 barrels per day being taken off the market."
Hurricanes Katrina and Rita aren't the only problem, Bournazian says. "Diesel prices generally peak in the winter when demand is at its highest. The other cost is the cost of crude oil. Crude oil demand is usually on its highest level on a worldwide basis during the fourth quarter, so right now this supply disruption has occurred at the worst possible time for diesel customers."
Not until New Year's will truckers see any relief, Bournazian says. "What you have here is diesel prices going to rise through the fourth calendar quarter, stay elevated, and probably fall back somewhat during the January/March time period," he says. "From a consumer standpoint, there isn't really an option for getting through it. The best truckers can do is to be much more knowledgable about their fuel surcharge formulas and the pricing of their contracts."
Owner-operators, in particular, are being hurt by steadily climbing diesel prices, said Rick Craig, director of regulatory affairs at the Owner-Operator Independent Drivers Association. “Those that are able and lucky enough are just shutting down and taking driving jobs,” Craig said. “Some with high truck and trailer payments, they've got to keep running to pay the bills.”
“It is going to take some increases in rates and larger fuel surcharges, and there really needs to be a mandatory fuel surcharge,” Craig said. “This is something that is sorely needed. OOIDA has been working since 2000 trying to get a mandatory fuel surcharge in place.”
For state-by-state diesel prices, updated daily, visit http://www.etrucker.com/apps/promiles/fuelprices.asp.
GRRRRRRRRR!!!!!
Shocking, use to fill it for under 10.
Will have to reduce my driving even more 40 mpg just isn't cutting it an more.
This is going to hit EVERYONE in the pocket. Just about all products are moved by Diesel fuel at some point in the journey to market; trucks, trains, or planes - for what is JP-4 but thinned out Diesel?
My old 1990 Ford F-250 with its naturally-aspirated 7.3L V-8 still gets 16.5 mpg which is better than just about ANY gas HD pickup.
Unfortunately a lot of people seem to live with a fantasy that elfin magic puts products on store shelves so they couldn't care less about what disel prices are.
Diesel always goes up as the winter heating season approaches and the demand for heating oil increases.
State Tax Rate 4q Price 10/3 Ex-Tax 10/3 Diff 10/2 Price 10/2 Florida 0.2937 3.394 3.1003 0.043 3.351 Georgia 0.133 3.325 3.192 0.021 3.304 Alabama 0.19 3.322 3.132 0.014 3.308 California 0.295 3.294 2.999 -0.004 3.298 Tennessee 0.17 3.285 3.115 -0.006 3.291 North Car. 0.271 3.28 3.009 0.037 3.243 Mississippi 0.18 3.27 3.09 0.019 3.251 South Car. 0.16 3.239 3.079 0.04 3.199 Arkansas 0.225 3.226 3.001 0.009 3.217 Texas 0.2 3.224 3.024 0.007 3.217 Washington 0.31 3.218 2.908 0.004 3.214 Kentucky 0.141 3.205 3.064 0.012 3.193 Nevada 0.27 3.204 2.934 0.006 3.198 Louisiana 0.2 3.181 2.981 0.03 3.151 Connecticut 0.26 3.162 2.902 0.025 3.137 Idaho 0.25 3.161 2.911 0.017 3.144 Virginia 0.16 3.157 2.997 0.042 3.115 Kansas 0.26 3.152 2.892 0.031 3.121 Colorado 0.205 3.152 2.947 0.015 3.137 Wisconsin 0.329 3.149 2.82 0.02 3.129 Illinois 0.314 3.148 2.834 0.011 3.137 Michigan 0.28 3.13 2.85 0.006 3.124 South Dakota 0.22 3.122 2.902 0.018 3.104 New York 0.378 3.12 2.742 0.006 3.114 Utah 0.245 3.107 2.862 0.023 3.084 Nebraska 0.253 3.105 2.852 0.022 3.083 Rhode Island 0.3 3.099 2.799 0 3.099 Arizona 0.26 3.096 2.836 0.013 3.083 West Virg. 0.27 3.092 2.822 -0.013 3.105 Ohio 0.28 3.087 2.807 0.014 3.073 Minnesota 0.2 3.079 2.879 0.022 3.057 Iowa 0.225 3.076 2.851 0.023 3.053 North Dakota 0.23 3.076 2.846 0.005 3.071 Vermont 0.26 3.075 2.815 0.039 3.036 Massachus. 0.21 3.046 2.836 -0.009 3.055 New Mexico 0.21 3.046 2.836 0.015 3.031 Missouri 0.17 3.04 2.87 0.017 3.023 Indiana 0.16 3.027 2.867 0.011 3.016 Pennsylvania 0.364 3.026 2.662 0.004 3.022 Montana 0.2775 3.013 2.7355 -0.002 3.015 Delaware 0.22 3.012 2.792 0.038 2.974 Maryland 0.2425 2.996 2.7535 0.012 2.984 Maine 0.27 2.984 2.714 0.013 2.971 Oklahoma 0.13 2.97 2.84 0.016 2.954 Wyoming 0.14 2.959 2.819 0.042 2.917 New Hampsh. 0.18 2.949 2.769 0.013 2.936 Oregon 0 2.924 2.924 -0.002 2.926 New Jersey 0.175 2.909 2.734 0.012 2.897
I had a diesel Chevy Caprice many years ago. The "summer driving season" was wonderful because diesel was cheap. The cracked cylinder heads weren't, however.
80 bucks to fill my 2500HD/HO Dodge on Saturday (was 2.89 cash at that time - the real upstate NY)
They said the energy bill would have a lasting effect, well we got it.
Glad it gets 20 mpg.
Hope to get my Gear Vendors unit installed later this week and up the mileage a bit more.
Those are really getting to be cost-effective now. I hadn't looked at them since my old 76 wagon expired(fuel was $1.39/gallon then). What is the payback time using $3.50 per gallon?
What is a Gear Vendor's Unit?
B99 biodiesel is $3.20/gallon in the Portland area. It's getting to be almost price-competitive.
Just checked my mileage on this last fillup and I got 20.69 mpg. Assuming I get a 30% increase (I hope! I hope!) that'll put me close to 27! That would give me almost another 200 miles per tankfull.
"What is a Gear Vendor's Unit?"
http://www.fullsizechevy.com/fscu/gearvend.shtml
"Unfortunately a lot of people seem to live with a fantasy that elfin magic puts products on store shelves so they couldn't care less about what disel prices are.'
EXACTLY!! Many of them are on this board!!
"It won't affect me, I am rich--at least I say I am on the internet" Give me a break!
TLR
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