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Diesel Fuel in Venezuela .06 per gallon
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<blockquote data-quote="edge" data-source="post: 198281" data-attributes="member: 5030"><p>buzz already gave an answer, but there is more too.</p><p></p><p>One must also remember that Refined Gasoline is not all that is in there. </p><p>Most gasoline's are blended with ethanol which costs a lot more than the gas, generally about $4/gallon but it fluctuates wildly. ACTUALLY THIS IS NO LONGER CORRECT, THE PRICE IS CURRENTLY VERY CLOSE TO THE PRICE OF GAS! However with the price of Corn I believe that this will change soon or the Ethanol folks will be out of business.</p><p></p><p>To make matters worse, ethanol absorbs water so the blended gasoline can't be sent through the pipelines like it used to when they used MTBE or TE lead. Now, the gas gets piped to the local distribution terminal and the ethanol gets there by TRUCK which is expensive, then it is blended and sent to the filling stations by truck.</p><p></p><p>As a side note, the big oil companies refine the oil to maximize OUR needs even if it is less efficient. Starting in mid Winter they start increasing the ratio of Gasoline and reducing Heating Oil to build up stocks for the Summer driving season. Most refineries have a shutdown in mid-Summer for repairs and general PM. In late Summer they start heavy on Heating Oil and reducing the Gasoline. If they did not do this for OUR benefit, then there would be shortages and prices would skyrocket as they did right after Katrina.</p><p></p><p>edge.</p><p></p><p>PS if you bookmark this link, you can track the prices yourself and if you want to try your hand at predicting energy prices you can speculate in the Futures market too!</p><p></p><p><a href="http://new.quote.com/us/futures/energy.action" target="_blank">Quote.com U.S. Markets - Futures Quotes and Charts</a></p><p></p><p>PPS the contracts are multiples of 1,000 barrels ( although some trade as 42,000 gallons, which is really the same thing )</p></blockquote><p></p>
[QUOTE="edge, post: 198281, member: 5030"] buzz already gave an answer, but there is more too. One must also remember that Refined Gasoline is not all that is in there. Most gasoline's are blended with ethanol which costs a lot more than the gas, generally about $4/gallon but it fluctuates wildly. ACTUALLY THIS IS NO LONGER CORRECT, THE PRICE IS CURRENTLY VERY CLOSE TO THE PRICE OF GAS! However with the price of Corn I believe that this will change soon or the Ethanol folks will be out of business. To make matters worse, ethanol absorbs water so the blended gasoline can't be sent through the pipelines like it used to when they used MTBE or TE lead. Now, the gas gets piped to the local distribution terminal and the ethanol gets there by TRUCK which is expensive, then it is blended and sent to the filling stations by truck. As a side note, the big oil companies refine the oil to maximize OUR needs even if it is less efficient. Starting in mid Winter they start increasing the ratio of Gasoline and reducing Heating Oil to build up stocks for the Summer driving season. Most refineries have a shutdown in mid-Summer for repairs and general PM. In late Summer they start heavy on Heating Oil and reducing the Gasoline. If they did not do this for OUR benefit, then there would be shortages and prices would skyrocket as they did right after Katrina. edge. PS if you bookmark this link, you can track the prices yourself and if you want to try your hand at predicting energy prices you can speculate in the Futures market too! [url=http://new.quote.com/us/futures/energy.action]Quote.com U.S. Markets - Futures Quotes and Charts[/url] PPS the contracts are multiples of 1,000 barrels ( although some trade as 42,000 gallons, which is really the same thing ) [/QUOTE]
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