Re: Reasons for price increases Please enough of those stupid facts....
Author: BOB2
Date: 11-08-2022 - 09:48
I have more faith in free markets than in trolls....
And, this is why there is so much inflation, do to supply shocks that are passed on to consumbers like this.
Everything you buy is shipped and uses diesel in some part of the supply chain.
As gasoline prices have now stabilized, with lowered demand, and higher prices leading to more production to replace Russian supplies, this is also happening, albiet more slowly wiht diesel, due to factors this post alludes to.
Choo-choo's use fuel oils and do cargo ships, so they are affected, too...
But, if yuo've lived long enough you've seen this movie and heard this panic before....
Remember.... There's always an Arquillian Battle Cruiser, or a Korilian Death Ray, or an intergalactic plague that is about to wipe out all life on this miserable planet....
So don't let the trolls scare you too much.... Halloween is over...
It's time to roast some of the turkey's who troll AP....
And soon it will time to set up the train under the Christmas tree...
So sick trolls can fantasize about transporting their victims to the camps...
And maybe, if I don't win the lotto this week, maybe I can get the word in advance when Putin dies, so I can make my fortune shorting the oil and gas futures when oil drops to $40 a barrel?
Reasons for price increases
Author: Vin Diesel
Date: 11-08-2022 - 09:29
"However, getting less discussion is that Russia accounted for a 20% share of U.S. imports of petroleum products in 2021. Petroleum products, namely unfinished oils and fuel oil, are used by the U.S. as a supplement to crude oil in the refining process. According to the EIA, a substantial share of the unfinished oils from Russia was used as a supplementary refinery input and has qualities similar to a heavier, relatively high-sulfur crude oil. These higher-sulfur oils are heavily used in the production of diesel fuels."
"U.S. refining capacity has declined in the last two years, as plants shut during the outset of the coronavirus pandemic, causing prices to spike. Several plants that closed at the onset of the coronavirus pandemic are being converted to produce cleaner-burning renewable diesel, but those facilities are not yet online."
"Additionally, this year, drought conditions throughout much of the country have led to low water levels on major waterways, such as the Mississippi River, diminishing the capacity of the waterway system, forcing more product into trucks for longer distances and increasing demand for diesel ever further. "
"The EIA projects national diesel prices to average $4.86 per gallon in fourth quarter 2022 and $4.29 per gallon in 2023. We’re going to have to hurry to see prices reach these levels."
[www.fb.org]