texasfishingforum.com logo
Main Menu
Advertisement
Affiliates
Advertisement
Newest Members
tester1973, Smitty_McG, EJennings4339, LadyPenny16, Texmech11
117071 Registered Users
Top Posters(All Time)
TexDawg 108,405
hopalong 105,390
Pilothawk 81,992
John175☮ 81,496
Bigbob_FTW 81,126
Derek 🐝 67,629
JDavis7873 67,408
Mark Perry 65,721
Forum Statistics
Forums61
Topics1,146,962
Posts15,550,898
Members142,071
Most Online36,273
Jan 23rd, 2013
Print Thread
Page 1 of 2 1 2
Oil prices? #13652733 08/01/20 03:25 PM
Joined: Nov 2008
Posts: 7,305
3
361V Offline OP
TFF Celebrity
OP Offline
TFF Celebrity
3
Joined: Nov 2008
Posts: 7,305
Can anyone explain why oil prices dropped to the lowest in many decades and gas prices fell until I paid barely over a dollar a gallon for gas a few months ago yet the price of actual OIL has continued to rise and never go down? I choose to use Optimax DFI 2-cycle oil in my Pro XS 250 and that stuff never stops going up. Picked up some at Rockwall Marine they sell in gallon jugs from bulk for $26 a gallon. Cheapest I can find. Some places are asking over $40 a gallon. Anyway, why has the price of actual oil not gone down? Way down? (I know, because they can?).

Moritz Chevrolet - 9101 Camp Bowie W Blvd, Fort Worth, TX - Monte Coon (817) 696-2003
Re: Oil prices? [Re: 361V] #13652743 08/01/20 03:32 PM
Joined: Apr 2017
Posts: 8,009
tmd11111 Online Content
TFF Celebrity
Online Content
TFF Celebrity
Joined: Apr 2017
Posts: 8,009
Go look at Evinrudes XD100. Almost $60 a gallon at Academy and $89 at the dealer. Makes Merc's DFI oil seem like a bargin.

Re: Oil prices? [Re: 361V] #13652745 08/01/20 03:33 PM
Joined: Oct 2019
Posts: 315
C
Cuervo Jones Offline
Angler
Offline
Angler
C
Joined: Oct 2019
Posts: 315
Refineries and distributors have to make a profit and pay employees. If sales reflected the actual cost per barrel, the entire system would have collapsed. Layoffs are rampant in the upstream and service sectors now and increasing. Mergers and acquisitions are kicking off too. Ripple effect could be pretty bad unless OPEC agrees to boost prices. Russia and the saudis saw a chance to screw over the US back in March and they went for it. Welcome to the global economy.


“Slide”
Re: Oil prices? [Re: 361V] #13652763 08/01/20 03:52 PM
Joined: Feb 2006
Posts: 4,636
B
BillS2006 Offline
TFF Team Angler
Offline
TFF Team Angler
B
Joined: Feb 2006
Posts: 4,636
It's called supply and demand. Crude oil is over supplied, gasoline stocks are high, thus low prices. Marine oil is in demand due to more boating caused by CV-19 thus a high price.


Transgenders: God made them, the devil changed their minds.
Re: Oil prices? [Re: 361V] #13652778 08/01/20 04:11 PM
Joined: Nov 2008
Posts: 7,305
3
361V Offline OP
TFF Celebrity
OP Offline
TFF Celebrity
3
Joined: Nov 2008
Posts: 7,305
Good points Cuervo. I got my drivers license in the late 70’s so I’m just old enough to remember the huge gas crunch(crisis) of the late 70’s/early 80’s when we had “gas rationing”, even/odd days to purchase fuel, 55mph maximum national speed limits......all caused by the fact that we were going to reportedly run out of fuel and more so because we were dependent on foreign oil. We simply used more than we produced. The definition of DEPENDENT. I’m neither an expert(in anything) nor an economist( though I do have 9hrs of economics as a degree prerequisite and stayed at a Holiday Inn Express) but my understanding is we produce more oil in the US than we use. Way more. I understand it’s a complex question but why in hades would we allow ourselves to be in any way dependent on any global policies concerning a fuel that we produce more than we use?

Last edited by 361V; 08/01/20 04:13 PM.
Re: Oil prices? [Re: 361V] #13652801 08/01/20 04:35 PM
Joined: Oct 2019
Posts: 315
C
Cuervo Jones Offline
Angler
Offline
Angler
C
Joined: Oct 2019
Posts: 315
Exactly correct 361v, were victims of our own success. For years the rallying cry was “Drill baby drill!” Well, we did. And engineering got better and we found more oil. We flooded the market. Many companies require $45.00/ barrel or higher to make a profit. Lots of geologists, accountants, engineers, computer scientists, and others are getting axes now. That has major implications for future profits and production. Oil prices are kept artificially high to keep the economy afloat. People love cheap gas, but they don’t love when their jobs (which are directly or indirectly supported by oil) go away. It’s a mess right now and only major government intervention is keeping prices high. Russia and the Saudis could flood the market more if they wanted to. Then we’d see the US economy really crash and burn. Hopefully cooler heads prevail and they recognize that screwing over the US has major impacts on them too. Already the saudis have been feeling it since pretty much al they have is oil to generate $$$.


“Slide”
Re: Oil prices? [Re: 361V] #13652835 08/01/20 05:08 PM
Joined: Jun 2001
Posts: 6,003
SkeeterHawk Offline
TFF Celebrity
Offline
TFF Celebrity
Joined: Jun 2001
Posts: 6,003
I like how the local gas stations raise the price of gas at the beginning of the weekend and slowly lower it during the week. 1.89.9 on Friday , 1.79.9 by Thursday then back up.

Re: Oil prices? [Re: BillS2006] #13652839 08/01/20 05:13 PM
Joined: Jul 2010
Posts: 67,788
banker-always fishing Online Content
Super Freak
Online Content
Super Freak
Joined: Jul 2010
Posts: 67,788
Originally Posted by BillS2006
It's called supply and demand. Crude oil is over supplied, gasoline stocks are high, thus low prices. Marine oil is in demand due to more boating caused by CV-19 thus a high price.





Plus #1. thumb


[Linked Image][Linked Image]

IGFA World Record Rio Grande Cichlid. Lake Dunlap.

John 3:16

Sinner's Prayer. God forgive me a sinner. I accept Jesus Christ as my Savior !
Re: Oil prices? [Re: 361V] #13653008 08/01/20 09:01 PM
Joined: Dec 2008
Posts: 12,243
G
grout-scout Online Content
TFF Guru
Online Content
TFF Guru
G
Joined: Dec 2008
Posts: 12,243
Wrong answers above, the OP wrote the correct answer. Because they can...Need (Demand) for DFI is dropping with the new 4 strokes.

Re: Oil prices? [Re: 361V] #13653011 08/01/20 09:03 PM
Joined: Aug 2009
Posts: 10,503
9
9094 Offline
TFF Guru
Offline
TFF Guru
9
Joined: Aug 2009
Posts: 10,503
The outboard motor company use have always made a very high profit margin on oil. Just look at the difference between Lucas or Penns oil and the major brands. The is actually not any difference in the oils themselves. They are approved formulas from the same marine association.

Re: Oil prices? [Re: grout-scout] #13653016 08/01/20 09:09 PM
Joined: Feb 2006
Posts: 4,636
B
BillS2006 Offline
TFF Team Angler
Offline
TFF Team Angler
B
Joined: Feb 2006
Posts: 4,636
Originally Posted by grout-scout
Wrong answers above, the OP wrote the correct answer. Because they can...Need (Demand) for DFI is dropping with the new 4 strokes.


While that may be partially true, there is still a demand for 2 stroke oil the manufactures still must supply it. So a shrinking market will rise in price, not "because they can".


Transgenders: God made them, the devil changed their minds.
Re: Oil prices? [Re: 361V] #13653140 08/01/20 11:07 PM
Joined: Jun 2001
Posts: 6,003
SkeeterHawk Offline
TFF Celebrity
Offline
TFF Celebrity
Joined: Jun 2001
Posts: 6,003
HOUSTON (Reuters) - Marathon Petroleum (MPC.N) plans to permanently close two small U.S. oil refineries in Martinez, California, and Gallup, New Mexico, the company said, eliminating 800 jobs in response to lower fuels demand.

The largest U.S. refiner by volume had earlier idled the two facilities following weak demand due to COVID-19 outbreaks in the United States. U.S. refiners on average idled about 20% of total processing capacity on falling vehicle and air travel.

Re: Oil prices? [Re: 361V] #13653192 08/01/20 11:57 PM
Joined: Jan 2005
Posts: 6,546
C
ChanceHuiet Offline
TFF Celebrity
Offline
TFF Celebrity
C
Joined: Jan 2005
Posts: 6,546
Wait yall saw cheap gas. Havent seen it less that 1.70 something


Originally Posted by lakeforkfisherman
I can backlash toilet paper.
Re: Oil prices? [Re: 361V] #13653217 08/02/20 12:31 AM
Joined: Jun 2012
Posts: 14,320
D
Douglas J Online Content
TFF Guru
Online Content
TFF Guru
D
Joined: Jun 2012
Posts: 14,320
Corona-Cation has driven 2 stroke oil prices up

Re: Oil prices? [Re: ChanceHuiet] #13653231 08/02/20 12:45 AM
Joined: Nov 2014
Posts: 15,817
S
SteezMacQueen Online Happy
TFF Guru
Online Happy
TFF Guru
S
Joined: Nov 2014
Posts: 15,817
Originally Posted by ChanceHuiet
Wait yall saw cheap gas. Havent seen it less that 1.70 something

Bucees last weekend was $1.39. So I topped off, then went inside and bought $12 worth of junk I didn’t need. Lol. Trap.


Eat. Sleep. Fish.
Page 1 of 2 1 2
Previous Thread
Index
Next Thread

© 1998-2022 OUTDOOR SITES NETWORK all rights reserved USA and Worldwide
Powered by UBB.threads™ PHP Forum Software 7.7.3