Fuel prices - good or Bad

Watching the President talk about reductions in production got me thinking .... You can not get Alcohol, Hand sanitizer, and Germ Killers with Alcohol in it because of the Virus .... I am sure all the Green People would jump up and down but all the storage for fuel is starting to be full ---- fuel with 10 % Ethanol.... take that junk out during the crisis .. Why ??? for half my life Diesel and Kerosene were the cheapest and easiest to get in the refinery process to make Gasoline --- which brings me to Diesel -- The cost of this fuel is still too high because the need of the Trucking industry is still meeting the needs of our country... getting that fuel still requires making Gasoline.... Almost every Vehicle our Government uses for the Military uses Diesel. Our country and the world this fuel is important in our lives even if we don't use it at home. So at the cost of continued adding Ethanol to Gasoline , we are unable to make more Diesel -- in turn -- it makes that Fuel price higher. the President said our Carbon Footprint is lower than ever... who in Government is willing to step up, and say Enough --- even if it is temporary

I'm not sure I understand what your trying to say FoL.

:scratchhead

I believe FOL is saying, if we quit putting ethanol [made from corn] in the E10 gas for a while.
it would allow us to make more actual gasoline, which would yield more diesel.
I agree 100% FOL.


Sent from my iPhone using Crappie.com Fishing mobile app

My truck is 12 yrs old, I put non ethanol fuel when possible which is 90% of the time....
Filled up this morning, $1.91


Sent from my iPhone using Crappie.com Fishing mobile app

After rereading his post, I think his point is that if we stopped using alcohol in gas we would have more to produce more hand sanitizer and those kinds of products that are in short supply at this time because of production capacity.

Redge and Cray have hit the Nail on the head

Also I know the post is sort of Confusing -- it is talking about three things at the same time that are all related... I know we are all trying to do our part,,, it seems to me that some things could be better ---- including the heading for this topic --- Fuel prices was not exactly what was running around in my Gourd

And, it would be an excellent chance to beat the farmers up some more. If we run out of food, there won't be any truckers and we won't
need any sanitizers.

Quote:

---

Originally Posted by Fish on Line

Also I know the post is sort of Confusing -- it is talking about three things at the same time that are all related... I know we are all trying to do our part,,, it seems to me that some things could be better ---- including the heading for this topic --- Fuel prices was not exactly what was running around in my Gourd

---

Gotcha I think.
Maybe "D" will chime in and explain da oil refinery business.

As for hand sanitizer, feesh slime works for me.

Between Mexico and the U.S.A we feed the World with Grains... the signs on the pumps say up to 10 % --- at 10 % for 10 trucks of fuel 1 is Ethanol.... Take .02 % from 100 Trucks and only TWO TRUCKs... A drop in the bucket, but every drop counts for making Diesel. The Refinery's add chemicals to get the Octane correct. Alcohol only reduces the Carbon Footprint. My Grandmother always had a small Can of Coal Oil -- when you stepped on a nail or cut from glass, she put Coal oil on the Wound to prevent Tetnius. also called Lock Jaw. Coal Oil would not burn the Skin but Kerosene would.. everyone had Coal Oil Lamps then the name was changed to Kerosene Lamps. For the last 50 Years you could not get one drop of Coal Oil. What would the World Be without Pop Corn or Grits !!!!

I have never understood why we burn our food to supplement gas. It was originally touted as a way to stretch our gas supply. It drove up the price of feed, and thus our food prices. Not to mention the damage it has done to engines, loss of Horsepower and fuel efficiency.

Sent from my SM-T580 using Crappie.com Fishing mobile app

All I can say is FOL is right. DSL is cheaper to produce if you start with a low sulpher oil. He did not say cut ethanol production and hurt the farmers, he said quit adding it to gas and make more sanitizer. As far as low price,that helps those of us who did not lose jobs or income. It does not help the 1800 contractors Exxon laid off a couple weeks ago in BR. I think FOL also was making the point that truckers are keeping us fed and supplied , except for tp, but they are having to pay for dsl that cost more than gas. Larry, getting the sulpher out of it drives the price up some. I think I understood. I must also talk Larry. I hope gas goes back up to what it was, we were all buying it and it kept a lot more people employed. But I do take pleasure in watching Russia and the Saudi's price war and lose $35 to $45 dollars a barrel they could be making. If it were my oil I would pump less. A million barrels at $50 takes 2.5 million at $20 to make the same profit. Seems stupid to sell it so low. IMO it all ties together with the corona to ruin our economy. Not factual, but my opinion. Maybe driven by the party that gets paid the most from China. Okay, sorry I'll stop.

it is strictly political and ethanol production makes zero sense. but so many farm communities invested in these stupid ethanol plants that when you come to Iowa for many months to start run for president IF you arn't for E you have little chance of getting going. Easiest thing to do is BUY these plants from these communities and then scrap them all. Plenty of demand for corn that goes into them for food in world nowadays that this stupid adding E makes zero sense environmentally or any other way. Cracks me up that on the Crappie Masters one of their prime sponsors is corn growers so that they have to promote ethanol in boats which we all know is not good for them. but you do what you have to stay in bidness so can't blame mike.

Thanks D --- I Have Had Chickens --- I fed them Scratch grain or cracked Corn,, now you can buy Eggs cheaper than feed the birds... My Deer corn fed Squirrels, Coons, Hogs, Crows and other birds -- And I am glad to do it Especially when the Acorn crop fails.. Thanks to all that have read this thread

As D said, the ultra low diesel requirements drove up refining costs. Also, I believe diesel is taxed about 5 times higher than gasoline.

As far as shutting down production, that is a doubled edge sword and a risky game. It would make sense for the U.S. to cease production and stock up on cheap oil from around the world. A lot companies would resort to furloughs and further cripple the economy though. Some companies (with deep pockets) will take this opportunity to complete shutdowns and repairs during a suppressed market. However, most companies have an extremely high debt ratio and must survive by selling maximum oil, in order to avoid bankruptcy and hostile takeovers by the companies with a more balanced portfolio.

Hostile takeovers means rich Chinese companies or individuals. I believe our president bought and stocked all the cheap oil we could store. La tax on gas 20.1 + 18.4 fed =total 38.4 cents per gallon on gas. DSL in La. 20.1 La. tax + 24.4 FED = 44.5 cents per gallon. In Tn. where I currently live 27.4 +18.4 = 45.8 on gas 28.4+24.4 = 52.8 on dsl. Tn. wins.
By the way the feds have not raised tax on fuel for 19 years. Dsl 2.13.9 gal and gas 1.36.9 around here. .

Was thinking 5 cents, not sure how I typed 5 times lol. Diesel would be a lot more expensive if that were the case. I'm glad they haven't raised taxes, it's sad to think that 33.4% of your gas price is for taxes.

Trump did buy up as much as he could, which I think is the right move, even though I work in the oilfield. This pandemic needs to improve before a demand will increase. If the world's reserves are full a lot of companies will go under, because too many are relying on selling a lot of cheap hydrocarbons to minimize losses. I don't mind the hostile takeovers or blame the companies, because most are a reflection of a struggling company's poor decisions during good times.