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Yikes .. Diesel Prices Are Out Of Control

whitesnake01

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whitesnake01 Enthusiast

whitesnake01

Posted
Posted

Not sure what prices you are seeing around where you live, but here in the north east diesel prices have gone completely gaga in the past five weeks. I thought it was a joke when some of the local stations were selling it for $4.05 last week. Now that price is starting to look good, as the price has started to climb to $4.15. Sad part is that this is largely caused by a lack of diesel refining capacity state side and that an increasing amount of refined diesel is bought from Europe, paid for with an increasingly worthless dollar.

 

Never thought it would come to this, but it is starting to look more and more appealing to switch from driving my DMAX to using my 454 powered Suburban. Price spread is $1/gallon right now, so the Suburban only has to get 75% of the fuel economy of the DMAX and it'll be break even... Hmmm .. killing the 8.1L might have seemed like a good idea at the time.

 

How does it look like where you are?

Ron J Enthusiast

Ron J

Posted
Posted

My diesel trucks get 30% better milage than gas trucks doing the same job. 87 octaine is going for $3.25 vs $4 for diesel. Walmart has Murphy Oil pumps . I paid $3.77 per gallon 2 days ago.

THE BIGPUNN Enthusiast

THE BIGPUNN

Posted
Posted

face it big oil can do what they want, when they want and there isnt nada any of us can do about it! whats sad is that fuel prices effect the whole economy. soon every business will have to raise costs of products and services to recover rising business costs. it will also cost the US a big tourism slow down cause noone will be driving too far or flying anywhere. if you think about it, all of us will be effected somehow. i guess the only good out of rising fuel costs is that since i will be staying home more often, i'll be able to get more done around the house.

Riverjet502 Enthusiast

Riverjet502

Posted
Posted

Here in northeast Iowa $3.12 for reg gas, not the corn junk which is $3.05 and diesel is $3.77 This was at the local station on the way in to work this morning.

BlackSilver Senior Enthusiast

BlackSilver

Posted
Posted
My diesel trucks get 30% better milage than gas trucks doing the same job. 87 octaine is going for $3.25 vs $4 for diesel.

 

Using those figures, you're saving money burning diesel.

 

If a gas truck gets 10-mpg, then 1 mile fuel cost is 32.5-cents.

 

At "30% better" a diesel would get 13-mpg, and fuel cost for 1-mile would be 30.8-cents.

 

Sunnuvagun!

msatow Enthusiast

msatow

Posted
Posted

I went with an 08 gasser this time just because of the diesel situation. My last two trucks were diesel's. I miss the power but the economics were not there this time. The 8000.00 for the diesel option will buy my gas for the next year.

bersh Enthusiast

bersh

Posted
Posted
My diesel trucks get 30% better milage than gas trucks doing the same job. 87 octaine is going for $3.25 vs $4 for diesel.

 

Using those figures, you're saving money burning diesel.

 

If a gas truck gets 10-mpg, then 1 mile fuel cost is 32.5-cents.

 

At "30% better" a diesel would get 13-mpg, and fuel cost for 1-mile would be 30.8-cents.

 

Sunnuvagun!

 

 

 

 

 

The cost per mile may be less based on fuel cost alone, but what about factoring in the initial ~$7k up-charge for the diesel? Using your numbers, you won't actually start saving money until you drive ~412,000 miles. This doesn't take into account the added interest you'll pay on financing the additional $7k, so the numbers are even more skewed.

 

I agree that for those that actually need the diesel for hauling, that the cost isn't an issue. But, for most folks, given the current trends in fuel prices, it's pretty tough to justify.

onac255 Senior Enthusiast

onac255

Posted
Posted

I own my own trucking company and I just started a little over a year and a half ago (Great timing huh?). Believe me I have tried to soak up as much of the rising fuel costs as I could but this year I just refused to haul load unless I was going to make some money. All this means is increased costs for us the consumers. And believe me when my trucks are averaging 6 MPG it really shows. Last year a full tank cost a little over 400 bucks to top off and now it is well over 620 bucks. So yeah as stated before this sucks almost everyone and the failing (not falling) dollar is gonna make it any easier folks.

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