Fuel may sky rocket
- Thread starter idtrans
- Start date
I just came out of the Petro from the counter..and the stories going around....LOL
and they call women gossips.....gee whiz....
I find it quite entertaining..I even toss in a word or 2 just to keep the pot from settling....LOL
idtrans
Expert Expediter
No I have 4 trucks hauling water in western ND ! The facts are the facts ! The company my trucks move water for is a USA company bank rolled by Chinese. Those are facts ! And I honestly don't like it but at the end of the day the $ is very very good so who cares ! Just wish I could be tolerant to be in ND full time and make more $ but I can't stand it up there it's boring and desolate ! But I do fine moving oil field supplies around on my truck so at the end of the day I can't complain !
Boring?...But they even have a super Walmart...LOL You are lucky it has been a very good winter so far....
I've been reading stuff that's a bit less hysterical. Gas may exceed $4.00 a gallon, but they say not by much. Gas in Chicago will cost more (it always does, to the point where I make sure I don't have to fuel in the city or in Cook County if it can be avoided). I haven't heard of it being expected to reach $5.00 this year, seems most folk think before that happens we'll cut back using it like before. I think the speculators might be a bit more careful too, crashing the US economy isn't exactly in their best interest.
idtrans
Expert Expediter
Yes in Minot nothing at all in Watford city I think Williston has a wally world also and dickinson. When I go I get lucky I always deliver in Lignite and there is nothing in Lignite nothing at all and everything closes early and sundays its a ghost town.
It's called market equilibrium. Supply does not create demand. If the price of oil goes up, it will price certain people out of the market and the price will have to come back down to create market equilibrium. If demand goes down and price remains high, there will be a large amount of unused product to be moved. I don't think the higher fuel proces will have a long term effect on the market. But it will shake out a lot of people who are under-capitalized.
I personally do not look at the price of fuel (as I consider the price of fuel to be just another cost of doing business). I look at what driving from point A to point B will pay annd how much money I will have left over after fuel expenses. If I determine that I can live with what profit is left after the cost of paying for fuel on the run, i'll run the load and be content with what i've got. If you are going to whine and fuss about every little spike in fuel, deadhead miles, and ware and tare on your truck, you are in the wrong business!
I personally do not look at the price of fuel (as I consider the price of fuel to be just another cost of doing business). I look at what driving from point A to point B will pay annd how much money I will have left over after fuel expenses. If I determine that I can live with what profit is left after the cost of paying for fuel on the run, i'll run the load and be content with what i've got. If you are going to whine and fuss about every little spike in fuel, deadhead miles, and ware and tare on your truck, you are in the wrong business!
idtrans
Expert Expediter
Like I said I'm not complaining I'm just giving a heads up to the guys on here that don't have enough money saved up for a tire change ! Just letting them know they better get serious FAST !!!
I can park my truck and live off of my ND trucks if I choose. I don't think 200 miles a day of driving is gonna hurt my ND trucks at $150 PH they sit more than drive. Me I drive hell I DH all the Time I could care less if there is a run I grab it if I choose to drive to somewhere I just go loaded or not. I'm blessed to be able to afford to run like that !
I can park my truck and live off of my ND trucks if I choose. I don't think 200 miles a day of driving is gonna hurt my ND trucks at $150 PH they sit more than drive. Me I drive hell I DH all the Time I could care less if there is a run I grab it if I choose to drive to somewhere I just go loaded or not. I'm blessed to be able to afford to run like that !
LisaLouHoo
Expert Expediter
Exactly. Election year always brings out the best in politicians. They look out for their constituents until that fated Wednesday morn come November...
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cableguymn
Seasoned Expediter
greg334
Veteran Expediter
I just see this as another shakeout of marginal players. Like the last time fuel hit record highs, a lot of people left the industry and there were a few crying about the losses of carriers that the industry incurred, The good thing with reducing the ranks means for those who stick it out (or smart enough to run it like a business) will be higher rates.
pearlpro
Expert Expediter
Can you say NEW WORLD ORDER....Does anyone believe that Industrys want the price of fuel to go over 5 bucks a gallon, I thinks its been proven that when Cheney/Bush allowed this to happen the bottom fell out of many things, and soon mass transit saw huge spikes in ridership, and car pools, and Electric Priuses were selling like Hotcakes. I dont believe Obama wants this to happen again nor ANY political party other then the one that says NO all the time....Futures traders have more to do with it than anyone group, WAR..TERROR...MIDDLE EAST...OPEC....Its all been used to scare the hell out of US...the people for far too long, The Keystone Pipelines gonna be done, Its already been built through the Midwest, it actually passes through my hometown, stopping off at the new 5 BILLION dollar refinery addition here in Wood River IL.....The Billionaires who shake and Bake our economie's and the Future Traders who profit off WAR, IRAN-IRAQ etc and the Mutual Funds Like Merril Lynch who buy more oil then any one and do nothing but hope for world events to add to there profits.
Many years ago we had storage capacity that allowed us to weather a storm, Here in Wood River where there used to be HUNDREDS of Huge storage tanks, now theres about 100, down form the millions of gallons that use to let price stability actually occur, remove that storgae capacity and you have daily changes in the price of fuel, and deregulation and DARTH VADER who made a great deal for his cronies in Houston and Texas.....Terror alerts, WAR, Hurricanes that destroyed drilling, and then Drilling Disasters all used to wage economic war on the consumer..Oil Profiterring is an art form in Texas ....Texas was darn near wiped out of the oil buisness, then along came the Bushes.....But thats another story all together...
Many years ago we had storage capacity that allowed us to weather a storm, Here in Wood River where there used to be HUNDREDS of Huge storage tanks, now theres about 100, down form the millions of gallons that use to let price stability actually occur, remove that storgae capacity and you have daily changes in the price of fuel, and deregulation and DARTH VADER who made a great deal for his cronies in Houston and Texas.....Terror alerts, WAR, Hurricanes that destroyed drilling, and then Drilling Disasters all used to wage economic war on the consumer..Oil Profiterring is an art form in Texas ....Texas was darn near wiped out of the oil buisness, then along came the Bushes.....But thats another story all together...
moose
Veteran Expediter
even a couple of mens clubs
No kidden !
Vegas strippers dream of moving to N.D
http://articles.businessinsider.com/2011-10-25/news/30319253_1_oil-rush-strippers-strip-clubs
cableguymn
Seasoned Expediter
your wrong. Obama is on record saying he wants higher fuel prices. 7 or 8 dollar a gallon I think it was. His issue with the price spike during Bush was not the spike. But how fast it spiked.
It's the frog and the boiling water analogy. Bring the price up slowly and we all adapt. Bring it up to fast and we all complain/cut and run.
ChanceMaster
Expert Expediter
Would love to see the you cite that quotation from "the record" of the president . You "think " it was seven or 8 dollars a gallon ?
Poor interpretation of" something " that "someone"In the government said "one time" is my guess.
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canesman07
Seasoned Expediter
We are not going to war with Iran. Iamdickajob the leader of Iran much like littleamafu of North Korea like to saber rattle to get the backing of the people and to blame the evil west for the problems of the country. In other words no different from the people who sell gold b/c of financial meltdown. Fear Mongering is nothing new. Inflation finally caught up to the price of oil much like cars, housing and food.
Simple Economic: The min wage increases the costs of every good from the bottom up so that the min wage increase keeps people at the same level. Think about it it does make sense.
Simple Economic: The min wage increases the costs of every good from the bottom up so that the min wage increase keeps people at the same level. Think about it it does make sense.