[AT] Gasoline $

Thu Sep 1 08:50:38 PDT 2005

I saw Boone Pickens on TV yesterday.  To parapharse what  he said, Demand is 
outrunning the maximum supply capability of available refineries by about 
4%.  The only way to ballance the equation is to let prices rise until 
demand falls.

It won't take long for demand to drop by > 4% at these prices.

This is a temporary situation and we should all be thankful that our fuel 
prices have historically been so low.  It hurts right now because the price 
of the fuel increase is not YET built into our  econmy but that will work 
it's way out.

I don't like $3.30 gasoline any more than the rest of you do but it is STILL 
cheap.  If you don't think so think about this.  How many miles per gallon 
does your  pickup truck get?  I'm gonna shoot low and say 10 mpg average. 
Put 330 pennies in your pocket and start walking.  About every 80 steps 
throw a penny on the ground.  It won't be long before you realize how cheap 
gas is.  Oh yeah remember you are dragging your tractor behind you and 
toting your groceries on your back.

Now let's get back to talking about tractors or does anyone do that on this 
list any longer.

Charlie
----- Original Message ----- 
From: "Dudley Rupert" <drupert at premier1.net>
To: "Antique tractor email discussion group" <at at lists.antique-tractor.com>
Sent: Thursday, September 01, 2005 11:22 AM
Subject: RE: [AT] Gasoline $

> Mike,
>
> Thanks for pointing out what you did.  You are right ... the barrel size 
> in
> gallons is 42 not 33.  I don't know what I was thinking last night.  And, 
> of
> course, my observation that a gallon of crude is approaching two dollars 
> is
> wrong as it should have been more like a dollar and a half.  But I think 
> the
> point is still valid and that is if crude prices go up wildly then we've 
> got
> to expect that pump prices will do the same.
>
> Dudley
> Snohomish, Washington
>
>
>
> -----Original Message-----
> From: at-bounces at lists.antique-tractor.com
> [mailto:at-bounces at lists.antique-tractor.com]On Behalf Of Mike Sloane
> Sent: Thursday, September 01, 2005 5:15 AM
> To: Antique tractor email discussion group
> Subject: Re: [AT] Gasoline $
>
> One slight correction Dudly: I don't think a barrel of crude oil is 33
> gallons. This is what I found on the Internet:
>
> Here are some stats for you.
>
> One 42gal gallon barrel of crude oil yields:
>
> 19.5 gallons of gasoline
> 9.2 gallons of distillate fuel oil (diesel fuel and home-heating oil)
> 4.1 gallons of kerosene-type jet fuel
> 2.3 gallons of residual fuel oil (used in industry and marine
> transportation and for election power generation)
> 1.9 gallons liquefied refinery gases
> 1.9 gallons still gas
> 1.8 gallons coke
> 1.3 gallons asphalt and road oil
> 1.2 gallons petrochemical feedstock
> 0.5 gallons lubricants
> 0.2 gallons kerosene
> 0.3 gallons other (don't ask me, I have no clue :) )
>
> * The total volume of products made is 2.2 gallons greater than the
> original 42 gallons of crude oil, representing a processing gain.
>
> So the refinery isn't just taking crude oil and converting it into
> gasoline at $3/gallon.
>
> Mike
>
> Dudley Rupert wrote:
>> This is not political ether (so please don't try and make it such) but
> just
>> an observation -
>>
>> I was just reading part of an interview that a Sunoco executive in
> Colorado
>> gave to a News outlet earlier today.  He said that if the US had more
>> refinery capacity it would certainly alleviate some of the short-term
> stress
>> on the market that is caused when a refinery is shut down for maintenance
> or
>> when a disaster strikes it.  And he noted that there hasn't been a new
>> refinery built in the US in the last 25 years.  But he went on to say 
>> that
>> our bigger problem is long term and it is the lack of an adequate supply
> of
>> crude.
>>
>> If as a nation we are unwilling - for whatever reason - to explore/drill
> for
>> new sources of crude (for example, in ANWAR or the Santa Barbara channel)
>> and to build more nuclear power plants to help solve our near term energy
>> needs and to make a national commitment (like the Kennedy commitment to
> put
>> a man on the moon by the end of the sixties) to finding alternative 
>> energy
>> sources then it seems to me we shouldn't be surprised when we see the
>> numbers we do on the gas pumps.  A barrel of crude contains 33 gallons 
>> and
>> with crude trading at 65 to 70 dollars a barrel it means that when a crew
>> docks a tanker and starts loading it costs them 2 dollars a gallon.
> Adding
>> in the shipping costs, refinery costs, federal and local gas taxes and a
>> little markup for the retail station it's not surprising that the first
>> digit on the gallon cost at the pump is fast becoming a "3".
>>
>> Since the first of the summer I've bought 27 cans of gas and 4 cans of
>> diesel to run my hobby tractors ... I think I may have to permanently 
>> park
>> them and start looking for a hybrid antique tractor.
>>
>> Dudley
>> Snohomish, Washington
>>
>
>
> --
> Mike Sloane
> Allamuchy NJ
> mikesloane at verizon.net
> Website: <www.geocities.com/mikesloane>
> Images: <www.fotki.com/mikesloane>
>
> You can tell whether a man is clever by his answers. You can tell
> whether a man is wise by his questions.
> -Naguib Mahfouz, writer (1911- )
>
>
> --
> No virus found in this outgoing message.
> Checked by AVG Anti-Virus.
> Version: 7.0.344 / Virus Database: 267.10.17/85 - Release Date: 8/30/2005
>
> _______________________________________________
> AT mailing list
> http://www.antique-tractor.com/mailman/listinfo/at
>
>
> _______________________________________________
> AT mailing list
> http://www.antique-tractor.com/mailman/listinfo/at
>
>
> -- 
> No virus found in this incoming message.
> Checked by AVG Anti-Virus.
> Version: 7.0.344 / Virus Database: 267.10.18/86 - Release Date: 8/31/2005
>
> 