Why aren't we hearing this as the reason for high gasoline prices
? Can anyone say "shortage by design"
Or is it greed
,,,,, you decide
I didn't know how long the origional articles will be available on line, so I pasted them here along with the links.
Diesel Shortages Hit Nebraska, Surrounding States - Truckinginfo.com
11/14/2011
Diesel Shortages Hit Nebraska, Surrounding States
Look for continued diesel shortages in Nebraska, western Iowa, Kansas, Minnesota and the Dakotas over the next several more weeks.
According to the Omaha World-Herald, a "severe mismatch between diesel fuel supply and demand" has meant some retailers have run out of diesel for short periods.
The problem is peak demand during the fall harvest, plus unusually high demand due to North Dakota's oil boom.
Some fuel truck drivers are spending hours waiting in line or are shut out of fuel terminals in Omaha and Council Bluffs, Iowa, according to the paper, waiting for fuel to arrive via pipeline.
Over time, fuel will be moved around where it's needed, said John Felmy, chief economist for the American Petroleum Institute.
In addition, as the fall harvest winds down, supplies should begin to catch up with demand.
The Lincoln (Neb.) Journal-Star reports that the shortage particularly is bad in the Lincoln area. One of the two fuel terminals south of Lincoln hasn't had any diesel fuel for at least a month, and the other has had sporadic supply that runs out in a couple of hours.
The paper reports that in addition to the high demand regionally, reasons include export demand and refineries switching over to winter blends.
Fuel exports, especially diesel, have hit a record high. In August, the latest month for which the Energy Department has data, U.S. refiners exported a record average of 895,000 barrels a day of refined fuels, compared with 730,000 barrels a day during the first half of the year. Most went to Central and South America
Diesel Gains a Dime while Crude Slips Close to $98 - Truckinginfo.com
11/15/2011
Diesel Gains a Dime while Crude Slips Close to $98
By Truckinginfo Staff
Diesel prices across the country rose over the past week to their highest average in nearly six months, the Department of Energy reported on Monday. The DOE's weekly price survey shows diesel just shy of four dollars at $$3.987 a gallon.
Diesel has crossed the four-dollar threshold in five of DOE's eight regional price surveys for the first time since mid-May. It is now more than 80 cents a gallon higher than this time a year ago.
Driving the current round of domestic price hikes are surging U.S. exports of diesel fuel. Fuel exports hit a new record in August at 895,000 barrels a day.
In 2003, U.S. refiners exported a little more than 100,000 barrels of fuel a day, primarily to Central America and South America, the federal Energy Department says. Since then, that figure has soared, reaching 656,000 barrels a day in 2010, marking a seventh straight record year. This year, export volume has moved further into record territory. It averaged 730,000 barrels a day through the first six months of the year.
Exports of U.S. refined fuels are only expected to increase, with global demand projected to rise sharply in the coming years.
Oil Weakens on Euro Debt Concerns while Libya Readies Oil Shipments
Meanwhile on oil markets Monday, benchmark crude gave up 85 cents to end the day at $98.14 per barrel in New York, as investors remain nervous that massive debt burdens in Greece and Italy will mean bank failures and perhaps another recession. On Friday, crude oil futures wound up the week at $98.99 a barrel on the NYMEX, their best performance since July.
In other oil news, Libya appears to be moving quickly to resume oil exports that are a key resource for European refineries. Oil officials in Libya say the country should be able to produce up to 700,000 bbl by the end of the year -- nearly half of what the country can produce. Production was all but shut down during the past several months because of unrest in the country.
Regional Retail On-Highway Diesel Prices
(Dollars per gallon, including all taxes)
New England: 4.030, Last week: +0.080, last year: +0.800
Central Atlantic: 4.085, Last week: +0.088, last year: +0.782
Lower Atlantic: 3.906, Last week: 0.090, last year: +0.773
Midwest: 3.987, Last week: +0.124, last year: +0.820
Gulf Coast: 3.882, Last week: +0.086, last year: +0.782
Rocky Mountain: 4.093, Last week: +0.115, last year: +0.815
West Coast: 4.171, Last week: +0.062, last year: +0.842
California: 4.270, Last week: +0.057, last year: +0.931
Canadian Average Diesel Prices, Week of Nov. 8
MJ Ervin & Associates conducts a weekly survey of retail diesel prices in about 60 different Canadian cities. The survey is made available here at approximately 3:00 pm Eastern Time on Tuesday each week.
High 143.4/L ($5.43 US gal) Whitehorse, Yukon
Low 119.9/L ($4.54 US gal) Edmonton, Alberta
Avg. 131.3/L ($4.97 US gal)
(U.S. prices do not include exchange)
Oil Tops $100 for First Time Since July - Truckinginfo.com
11/17/2011
Oil Tops $100 for First Time Since July
By Truckinginfo Staff
Oil prices hit $100 per barrel for the first time in nearly four months Wednesday as U.S. supplies dropped, and a pipeline deal promised to cut them further.
The Associated Press reported prices have soared 26 percent since the end of September as the U.S. economy improves and tensions rise in countries that hold some of the world's major sources of crude.
The price of U.S. benchmark crude crossed the $100 mark early Wednesday, rising $2.85 to $102.22 per barrel in New York.
They jumped by another 2.6 percent after a Canadian pipeline company announced it would ship crude away from a key delivery point in the Midwest.
Enbridge Products Partners L.P. bought a 50 percent stake in the Seaway pipeline from ConocoPhillips for $1.15 billion. The company plans to use it to transport oil from Cushing, OK to refineries along the Gulf Coast, where much of it will be shipped overseas to meet rising demand from Latin America.
The delivery point in Cushing, Oklahoma, has been historically oversupplied with little access to international oil markets.
Fears of another U.S. recession had knocked oil prices from their 2011 peak at $113.93, set on April 29. A variety of factors have recently pushed prices back up.
I didn't know how long the origional articles will be available on line, so I pasted them here along with the links.
Diesel Shortages Hit Nebraska, Surrounding States - Truckinginfo.com
11/14/2011
Diesel Shortages Hit Nebraska, Surrounding States
Look for continued diesel shortages in Nebraska, western Iowa, Kansas, Minnesota and the Dakotas over the next several more weeks.
According to the Omaha World-Herald, a "severe mismatch between diesel fuel supply and demand" has meant some retailers have run out of diesel for short periods.
The problem is peak demand during the fall harvest, plus unusually high demand due to North Dakota's oil boom.
Some fuel truck drivers are spending hours waiting in line or are shut out of fuel terminals in Omaha and Council Bluffs, Iowa, according to the paper, waiting for fuel to arrive via pipeline.
Over time, fuel will be moved around where it's needed, said John Felmy, chief economist for the American Petroleum Institute.
In addition, as the fall harvest winds down, supplies should begin to catch up with demand.
The Lincoln (Neb.) Journal-Star reports that the shortage particularly is bad in the Lincoln area. One of the two fuel terminals south of Lincoln hasn't had any diesel fuel for at least a month, and the other has had sporadic supply that runs out in a couple of hours.
The paper reports that in addition to the high demand regionally, reasons include export demand and refineries switching over to winter blends.
Fuel exports, especially diesel, have hit a record high. In August, the latest month for which the Energy Department has data, U.S. refiners exported a record average of 895,000 barrels a day of refined fuels, compared with 730,000 barrels a day during the first half of the year. Most went to Central and South America
Diesel Gains a Dime while Crude Slips Close to $98 - Truckinginfo.com
11/15/2011
Diesel Gains a Dime while Crude Slips Close to $98
By Truckinginfo Staff
Diesel prices across the country rose over the past week to their highest average in nearly six months, the Department of Energy reported on Monday. The DOE's weekly price survey shows diesel just shy of four dollars at $$3.987 a gallon.
Diesel has crossed the four-dollar threshold in five of DOE's eight regional price surveys for the first time since mid-May. It is now more than 80 cents a gallon higher than this time a year ago.
Driving the current round of domestic price hikes are surging U.S. exports of diesel fuel. Fuel exports hit a new record in August at 895,000 barrels a day.
In 2003, U.S. refiners exported a little more than 100,000 barrels of fuel a day, primarily to Central America and South America, the federal Energy Department says. Since then, that figure has soared, reaching 656,000 barrels a day in 2010, marking a seventh straight record year. This year, export volume has moved further into record territory. It averaged 730,000 barrels a day through the first six months of the year.
Exports of U.S. refined fuels are only expected to increase, with global demand projected to rise sharply in the coming years.
Oil Weakens on Euro Debt Concerns while Libya Readies Oil Shipments
Meanwhile on oil markets Monday, benchmark crude gave up 85 cents to end the day at $98.14 per barrel in New York, as investors remain nervous that massive debt burdens in Greece and Italy will mean bank failures and perhaps another recession. On Friday, crude oil futures wound up the week at $98.99 a barrel on the NYMEX, their best performance since July.
In other oil news, Libya appears to be moving quickly to resume oil exports that are a key resource for European refineries. Oil officials in Libya say the country should be able to produce up to 700,000 bbl by the end of the year -- nearly half of what the country can produce. Production was all but shut down during the past several months because of unrest in the country.
Regional Retail On-Highway Diesel Prices
(Dollars per gallon, including all taxes)
New England: 4.030, Last week: +0.080, last year: +0.800
Central Atlantic: 4.085, Last week: +0.088, last year: +0.782
Lower Atlantic: 3.906, Last week: 0.090, last year: +0.773
Midwest: 3.987, Last week: +0.124, last year: +0.820
Gulf Coast: 3.882, Last week: +0.086, last year: +0.782
Rocky Mountain: 4.093, Last week: +0.115, last year: +0.815
West Coast: 4.171, Last week: +0.062, last year: +0.842
California: 4.270, Last week: +0.057, last year: +0.931
Canadian Average Diesel Prices, Week of Nov. 8
MJ Ervin & Associates conducts a weekly survey of retail diesel prices in about 60 different Canadian cities. The survey is made available here at approximately 3:00 pm Eastern Time on Tuesday each week.
High 143.4/L ($5.43 US gal) Whitehorse, Yukon
Low 119.9/L ($4.54 US gal) Edmonton, Alberta
Avg. 131.3/L ($4.97 US gal)
(U.S. prices do not include exchange)
Oil Tops $100 for First Time Since July - Truckinginfo.com
11/17/2011
Oil Tops $100 for First Time Since July
By Truckinginfo Staff
Oil prices hit $100 per barrel for the first time in nearly four months Wednesday as U.S. supplies dropped, and a pipeline deal promised to cut them further.
The Associated Press reported prices have soared 26 percent since the end of September as the U.S. economy improves and tensions rise in countries that hold some of the world's major sources of crude.
The price of U.S. benchmark crude crossed the $100 mark early Wednesday, rising $2.85 to $102.22 per barrel in New York.
They jumped by another 2.6 percent after a Canadian pipeline company announced it would ship crude away from a key delivery point in the Midwest.
Enbridge Products Partners L.P. bought a 50 percent stake in the Seaway pipeline from ConocoPhillips for $1.15 billion. The company plans to use it to transport oil from Cushing, OK to refineries along the Gulf Coast, where much of it will be shipped overseas to meet rising demand from Latin America.
The delivery point in Cushing, Oklahoma, has been historically oversupplied with little access to international oil markets.
Fears of another U.S. recession had knocked oil prices from their 2011 peak at $113.93, set on April 29. A variety of factors have recently pushed prices back up.
