Diesel Fuel Prices

This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.

SlugSlinger

Sharpshooter
Supporting Member
Special Hen Supporter
Joined
Apr 14, 2009
Messages
7,825
Reaction score
7,621
Location
Owasso
At least buydun is trying to help the American people to lower the cost of energy here by using the reserves. Oh wait...


Oil From U.S. Strategic Reserve Heads for Europe Amid Global Supply Crunch​


A cargo of crude from the U.S. Strategic Petroleum Reserve departed a Texas port bound for Europe, a signal of increasing oil-market disarray as refiners shun Russian supplies and prices surge.

The rare export of strategic U.S. barrels is evidence of the ever-widening search for crude to replace Russian cargoes seven weeks after President Vladimir Putin’s invasion of Ukraine triggered international revulsion and sanctions. With the global oil benchmark trading above $110 a barrel, traders and refiners also are trying to cope with a cutoff of Libya’s biggest source of crude and little expansion in U.S. output.

A tanker known as the Advantage Spring loaded low-sulfur crude originally pumped from the strategic reserve caverns in Southwest Louisiana at a port in Nederland, Texas earlier this month, according to a person familiar with the matter. The ship, chartered by an affiliate of French energy giant TotalEnergies SE, is bound for the key European port of Rotterdam, according to ship-tracking data compiled by Bloomberg.

President Joe Biden, along with several allies, recently offered a portion of their strategic reserves for sale to help alleviate some of the supply pinch associated with the escalating war in Ukraine. TotalEnergies didn’t respond to a request for comment.
 

HiredHand

Sharpshooter
Supporting Member
Special Hen Supporter
Joined
Sep 13, 2007
Messages
6,341
Reaction score
2,731
Location
Tulsa Metro
Average price paid for a barrel of crude in the SPR is $29.76. Pretty sure when you do the math we’re still coming out ahead even if we had to refill at a $150 per barrel which I doubt we’d start refilling it at that price or all the much of it.
 

StLPro2A

Sharpshooter
Special Hen
Joined
Jul 5, 2021
Messages
767
Reaction score
691
Location
st Louis
Don't ya love a plan when it comes together??? More of the Libturd "Bankrupt America." Pulling oil from SPR does nothing beyond a blink to lower fuel prices. Xiden will pull oil at "2.00/gal" from SPR and rebuy it at $5-7/gal,
 

HiredHand

Sharpshooter
Supporting Member
Special Hen Supporter
Joined
Sep 13, 2007
Messages
6,341
Reaction score
2,731
Location
Tulsa Metro
Looks like the plan is to delay purchases of new stock to refill the SPR until after FY2023. There’s a whole bidding process the DOE has to follow for purchases. They don’t just buy oil because the President tells them, too.
 

SlugSlinger

Sharpshooter
Supporting Member
Special Hen Supporter
Joined
Apr 14, 2009
Messages
7,825
Reaction score
7,621
Location
Owasso
If you are needing gas, better get it today. Unleaded futures went up another $0.15 today. It takes a day or two for the pump price to be raised. Add $0.354 for tax and we are at $4.30 per gallon for unleaded.

EF166046-B968-4806-97BB-8A38114A1660.jpeg
 

Latest posts

Top Bottom