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redbike7
3/4 Throttle


Reged: 07/24/06
Posts: 948
Loc: Cedar Park, Texas
Re: Watch Oil Executives? [Re: ladisney]
      #308712 - 04/06/08 10:11 PM

Everyone is taking this opportunity to gouge-it is ridiculous.
They use transportation as an excuse but many of the increases are way beyond the additional cost of oil.

A big thing hurting us is the lack of refineries-and one just had a major fire.

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Redbike7

2006 America
No amount of skill can overcome gross stupidity. Ask me how I know...never mind, I forgot...


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bennybmnModerator
Should be Riding


Reged: 01/11/05
Posts: 12689
Loc: Long Island, NY
Re: Watch Oil Executives? [Re: bigbill]
      #308951 - 04/07/08 06:50 PM

Quote:


I thought Coors was a beer byproduct



I think byproduct is being generous...

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Benny

Black & Silver '02
Too many mods to list
Not enough miles ridden


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arstaren
Loquacious


Reged: 07/23/07
Posts: 3478
Loc: Southeast ,Iowa, USA
Re: Watch Oil Executives? [Re: bennybmn]
      #309036 - 04/08/08 01:02 AM

Here's a weird thing. When I was a kid, gas was 50 cents a gallon and my grandma used to buy kerosene for 18 cents a gallon. Now, gas is 3.20 a gallon and kerosene is 3.60! I have always been told that kero is way cheaper to produce than gas. When did kerosene go crazy? When the new, efficient kerosene heaters became all the rage 15 years ago. Tell me that somebody isn't making a huge profit margin on kerosene, considering the aforementioned history!

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Fidelis et Fortis


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ladisney
Loquacious


Reged: 01/12/05
Posts: 3166
Loc: Des Moines, Iowa, USA
Re: Watch Oil Executives? [Re: arstaren]
      #309109 - 04/08/08 07:41 AM

Quote:

Here's a weird thing. When I was a kid, gas was 50 cents a gallon and my grandma used to buy kerosene for 18 cents a gallon. Now, gas is 3.20 a gallon and kerosene is 3.60! I have always been told that kero is way cheaper to produce than gas. When did kerosene go crazy? When the new, efficient kerosene heaters became all the rage 15 years ago. Tell me that somebody isn't making a huge profit margin on kerosene, considering the aforementioned history!




Kerosene, jet fuel and diesel are all pretty much the same thing so what affects the price of one will affect the price of the others. High oil prices, demand, reduced refinery capacities and distribution disruptions will raise the price of all of them. As an aside, here in Iowa there has been a substantial reduction in the amount of gasoline sold so the legislature is talking about a gas tax increase to make up the difference. Gee, thanks!

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"Democracy is the theory that the common people know what they want, and deserve to get it good and hard." -- H.L. Mencken


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ladisney
Loquacious


Reged: 01/12/05
Posts: 3166
Loc: Des Moines, Iowa, USA
Re: Watch Oil Executives? [Re: bennybmn]
      #309111 - 04/08/08 07:43 AM

Quote:

Quote:


I thought Coors was a beer byproduct



I think byproduct is being generous...




I remember when Coors wasn't sold in the Eastern US and people used to make Coors runs. Smokey and the Bandit comes to mind.

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"Democracy is the theory that the common people know what they want, and deserve to get it good and hard." -- H.L. Mencken


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bennybmnModerator
Should be Riding


Reged: 01/11/05
Posts: 12689
Loc: Long Island, NY
Re: Watch Oil Executives? [Re: ladisney]
      #309129 - 04/08/08 08:43 AM

East bound and down!

--------------------
Benny

Black & Silver '02
Too many mods to list
Not enough miles ridden


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bigbill
Worn Saddle


Reged: 01/11/05
Posts: 6140
Loc: Las Vegas, Nevada
Re: Watch Oil Executives? [Re: ladisney]
      #309364 - 04/08/08 07:36 PM

Quote:

Quote:

Here's a weird thing. When I was a kid, gas was 50 cents a gallon and my grandma used to buy kerosene for 18 cents a gallon. Now, gas is 3.20 a gallon and kerosene is 3.60! I have always been told that kero is way cheaper to produce than gas. When did kerosene go crazy? When the new, efficient kerosene heaters became all the rage 15 years ago. Tell me that somebody isn't making a huge profit margin on kerosene, considering the aforementioned history!




Kerosene, jet fuel and diesel are all pretty much the same thing so what affects the price of one will affect the price of the others. High oil prices, demand, reduced refinery capacities and distribution disruptions will raise the price of all of them. As an aside, here in Iowa there has been a substantial reduction in the amount of gasoline sold so the legislature is talking about a gas tax increase to make up the difference. Gee, thanks!




I think that the increase of diesel powered vehicles has had a direct effect on the price of fuel. And not just the demand aspect. The supply side is not able to keep up yet.

As Larry mentioned; jet fuel, kerosene, heating oil are all very similar so production of diesel may sometimes take a back seat. Kerosene may have the same fate, as demand (or supply) goes down, price goes up.

With diesel fuel, the taxes used to be paid by the main users-truckers through a different system so the tax wasn't included in the pump price. Back then if you had a diesel vehicle you paid very little for fuel and avoided the fuel tax. I worked at a shop in the mid '70s that did diesel conversions on pickup trucks, pretty cool stuff; a 3-71 or 4-71 Detroit in a one ton pickup with a Road Ranger .

As another note to price, gasoline costs roughly ten times what it did 25 years ago. I make quite a bit more than ten times what my dad made in 1973.
Now I know that's not a very accurate guide to inflation, but it seems that gasoline is in the ballpark with everything else.

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"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." ~ Bertrand Russell


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ladisney
Loquacious


Reged: 01/12/05
Posts: 3166
Loc: Des Moines, Iowa, USA
Re: Watch Oil Executives? [Re: bigbill]
      #309368 - 04/08/08 07:50 PM

Quote:

With diesel fuel, the taxes used to be paid by the main users-truckers through a different system so the tax wasn't included in the pump price. Back then if you had a diesel vehicle you paid very little for fuel and avoided the fuel tax. I worked at a shop in the mid '70s that did diesel conversions on pickup trucks, pretty cool stuff; a 3-71 or 4-71 Detroit in a one ton pickup with a Road Ranger .

As another note to price, gasoline costs roughly ten times what it did 25 years ago. I make quite a bit more than ten times what my dad made in 1973.
Now I know that's not a very accurate guide to inflation, but it seems that gasoline is in the ballpark with everything else.




The father of one of my high school buddies had a Mercedes diesel that he kept in a garage heated with fuel oil. He had a 200 gallon fuel tank out back of the garage that occasionally ran empty in the middle of the summer. Seemed like most of the farmers had diesel powered pickups.

As opposed to the price of fuel. Electronic equipment is a fraction of what it used to cost. Much of the stuff we have now didn't exist when I was in college and it's dirt cheap. Cars and motorcycles are much better and, adjusted for inflation, usually cost less.

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"Democracy is the theory that the common people know what they want, and deserve to get it good and hard." -- H.L. Mencken


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bigbill
Worn Saddle


Reged: 01/11/05
Posts: 6140
Loc: Las Vegas, Nevada
Re: Watch Oil Executives? [Re: ladisney]
      #309373 - 04/08/08 08:09 PM

Fun little tool here:
Inflation calculator

Looks like roughly 5x since 1973.

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"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." ~ Bertrand Russell


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ladisney
Loquacious


Reged: 01/12/05
Posts: 3166
Loc: Des Moines, Iowa, USA
Re: Watch Oil Executives? [Re: bigbill]
      #309376 - 04/08/08 08:20 PM

So the $2,500 I spent in 1984 for my original Macintosh would be $5,140 now and the $1,200 for my first VCR in 1980 would be $3,385.

--------------------
"Democracy is the theory that the common people know what they want, and deserve to get it good and hard." -- H.L. Mencken


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