It's got to be the middle men -- everything else is going down, while Diesel is still rising.
"Light, sweet crude for November delivery slipped 45 cents to settle at $62.63 a barrel on the New York Mercantile Exchange. Front-month crude futures are down 10 percent from their record settlement price of $69.47 on Sept. 1." "Heating oil futures declined by 4.69 cents to to $1.95 per gallon." >From http://www.msnbc.msn.com/id/5612507/ On 10/16/05, Rich Thomas <[EMAIL PROTECTED]> wrote: > Prices for oil and distillates are not set by oil companies. > > Prices are set by traders and such in New York City, London, Hong Kong, > etc. based on who knows what factors. They are the ones you can blame. > They are making huge amounts of money off all of us. > > Oil companies do make a lot more profits when the prices go up, you > might want to play the energy stock markets, but they do not set the > prices. Intermediaries control a lot of wholesale pricing too, and in > Boston I recall some years ago that the downstream tank farmers were > screwing with prices to the retail guys, pissing them off to no end as > they had to catch the flack from customers, and they were not making any > more profit than they ever did (a few cents a gallon). There was never > any local investigations of this behavior or politicians crying out, > though it was well known who the screwers were. > > I saw in the paper (the Houston paper, covers the "all bidness" more > than most, given we are the center of it) that heating oil stocks were > quite adequate at this time in the NE, no less than last year, but quite > a bit more expensive (about a dollar a gallon I think). > > So the question is why the price is high for heating oil and diesel, and > the traders are the ones who could answer that. Or perhaps politicians > but I doubt that (some/many like higher prices to promote business or > social or political agendas or whatever, would never admit it, and that > right there just about covers the whole spectrum of political types). > > Let us know what they say, if any of it makes any sense that is > understandable, even to them. > > --R > > Hendrik Riessen wrote: > -- OK Don, KD5NRO Norman, OK '87 300SDL, '81 240D, '78 450SLC The FSM created the Diesel Benz http://www.venganza.org/
