Deisel hits 3.92 9 Time to park the truck

[tdw6974]

In the summer the gas price will go up(now I sound like the government EXPERTS) anyhow on Feb 21 Paid 3.63 9/ Tuesday I filled up again (only needed 8 gals) at 3.74 9/ today 3.92 /9 so I'm thinking the VW would be good in the winter and then full in the summer just for a Daily driver.

[Greg Amy]

Don't bank on diesel dropping this year. I like to think I have a pretty good handle on oil macroeconomics, and trust me when I tell you that the current market has NOTHING to do with the fundamentals; right now we're dealing with an emotion-driven speculative market: oil and its derivatives are high because they're high, not because of product supply and demand.

Diesel is as high as $3.999 and as low as $3.699 in central CT. I watch daily for it to tick over $4.009, at which point the visual/psychological barrier has been breeched and it'll keep going (just like crude/bbl). You should plan your racing year expecting $4/gal diesel, and probably even $4/gal gasoline.

I just hope we get some relief within the new few months, otherwise I expect my home oil heating bill to rise a minimum of 50%. These energy costs have a very real probability of affecting my race schedule, in that I am giving serous thought to skipping the farther-away events such as Mid-Ohio and Road Atlanta this year (especially given I don't have a fully-prepped car; it's a bit expensive to do development/testing 1000 miles away from home...)

This is going to be a turbulent year in the petroleum market, and it's gonna take some serious changes in our economy (good or bad) along with significant changes in demand (i.e., stop using it) in order to bitch-slap the market to recognize the bubble and pop it. But, other than some peripheral indications of a flattening of demand, it's not there yet, not even close.

Your mileage may not vary, but the costs per mile certainly will. Hang on, kids, it'll be a rough ride in '08.

Tom, the V-dubs of that era are bulletproof cars. Get one that's been maintained well and you won't have any problems. - GA

[Jeremy Billiel]

Don't bank on diesel dropping this year. I like to think I have a pretty good handle on oil macroeconomics, and trust me when I tell you that the current market has NOTHING to do with the fundamentals; right now we're dealing with an emotion-driven speculative market: oil and its derivatives are high because they're high, not because of product supply and demand.

Diesel is as high as $3.999 and as low as $3.699 in central CT. I watch daily for it to tick over $4.009, at which point the visual/psychological barrier has been breeched and it'll keep going (just like crude/bbl). You should plan your racing year expecting $4/gal diesel, and probably even $4/gal gasoline.

I just hope we get some relief within the new few months, otherwise I expect my home oil heating bill to rise a minimum of 50%. These energy costs have a very real probability of affecting my race schedule, in that I am giving serous thought to skipping the farther-away events such as Mid-Ohio and Road Atlanta this year (especially given I don't have a fully-prepped car; it's a bit expensive to do development/testing 1000 miles away from home...)

This is going to be a turbulent year in the petroleum market, and it's gonna take some serious changes in our economy (good or bad) along with significant changes in demand (i.e., stop using it) in order to bitch-slap the market to recognize the bubble and pop it. But, other than some peripheral indications of a flattening of demand, it's not there yet, not even close.

Your mileage may not vary, but the costs per mile certainly will. Hang on, kids, it'll be a rough ride in '08.

Tom, the V-dubs of that era are bulletproof cars. Get one that's been maintained well and you won't have any problems. - GA

A little economics lesson.

When the economy goes in the shitter, they lower interest rates which devalues the US dollar against other currencies. So what does an investor do? Buy oil futures! Oil futures are typically not suseptable to US dollar fluctuations.

That is 100% why oil is going hirer. Greg is right... It has nothing to do with the supply and demand, but rest assured that the oil companies like it!!

[tdw6974]

395.9 Thanks for the info got the Vin # for VW cehecks out ok for no major claims paid under insurance. Greg is right will be looking at schedule for summer probably stay closer (watkins Glen 45 miles) Pocono 2 hours .

[GTIspirit]

Makes you wonder about the economics of running a diesel. 20-30% better fuel economy, but fuel is that much more expensive. So are you really saving anything to run a diesel?

[shwah]

You can tow with a LOT more ease. That is the real reason most people end up with them. Even at equal fuel prices it takes a lot of miles to make up the extra price of a diesel truck.

[tdw6974]

The Diesel replaced a Hemi. Both offer advantages and disadvantages. The Hemi did a hell of a Job towing as of does the Diesel. It just a different "feel" . At the time I acquired the Diesel(long story) diesel was 90 cents lower per gal than gas. The increased cost of the Diesel purchase would have bought a lot of gas now that the pricing has shifted. When the first"crisies' started I'm sure we all saw the "How to save money" by burning wood essay. I guess we will have to make our own Bio Diesel.

[x-ring]

Heh, if I had the spare time I'd sure as heck give the biodiesel thing a shot.

Maybe try to find a Golf or Jetta oil-burner and run it for a year just to see how it does. Does anybody here know anyone who has actually brewed and run any on their own?