Why would kerosene and home heating fuel still be $4.00 a gallon?

[Hubert Flottz]

It costs less to refine either one than the cost of refining and producing $2.00 a gallon unleaded gasoline.

Is it because Joe Six-pack can do without those extra trips to the carry-out store, but he can't do without heat when the temperature drops?

Aren't we just being gouged in a different area, after the price of crude oil has dropped so far in the last six months?

[rateyes]

1. The answer to the second question you asked is "yes."

[Marrah_G]

2. Home heating oil is at a low of 2.19 in my Mass area.

This allowed me to fill my tank for 500 bucks instead of getting the minimum 100 gallons for 500 as I was expecting this summer.

It feels good not to be in the state of panic I was in a couple months ago.

[Hubert Flottz]

6. Kerosene is $4.00 a gallon here in Charleston West Virginia.

About $.30 a gallon higher than last year.

[Marrah_G]

7. wow that sucks.

I don't think kerosene is used much here in the north east- It's mostly oil heat.

How many gallons do you generally use in a season?

[Hubert Flottz]

12. None when it costs that much...

I use kerosene heaters as an emergency back-up for my natural gas heating system which does not work if the power goes off. Sometimes when it's really cold here I use those kerosene heaters to heat remote parts of the house that I added on after my forced air heating system was installed.

[madokie]

3. Yes is the answer I give

And this is about to really piss me off. Oil companies should be nationalized and the sooner the better.

[nightrain]

4. yep. probably $$$$ grubbing fuel oil companies. Even gasoline prices have fallen more slowly

than prices reported for crude. I wonder what natural gas prices will be like this winter! Scary!

[yourout]

5. Legalized extortion.

[liberal N proud]

8. Same reason diesel is still outrageously high I guess

Kerosene is primarily used as a heating oil, as fuel in jet engines, and as a solvent for insecticide sprays.

[leftofthedial]

9. consumers have not proven to the oil and gas thieves

that they will stop buying if the price is too high as we did with gasoline

[walther]

10. Kerosen & home heating fuel inventories must turn over to get new lower prices

These inventories do not turn over (get purchased by consumers) as fast as gas does.

Many stations turn their gas over every day while kerosene & heating fuel only turn over once a month or so.

You would go out of business fast if you sold these fuels for less than they cost your business a month ago when you brought them in.

Rule 1 of inventory: Price at replacement cost when prices are rising and price at original cost when prices are falling. If you don't do this you as a business owner won't be making money to feed your family.

[notadmblnd]

11. haven't seen natural gas or electricty go down either, have you?

[Hubert Flottz]

13. Natutral gas went up 30% here this year, but the gas company...

wanted 40%.

[surrealAmerican]

14. I don't know what the case may be with kerosene, but ...

... distributors of home heating oil in some places "lock in" a price to buy from the oil companies for the season. They may have just gotten extremely unlucky with the timing this year, and locked in a price when oil prices were high. They are bound by contact to buy at that price, and have no choice but to pass the cost along to consumers.

[opihimoimoi]

15. Here in Hawaii we need cooling oil...not heating stuffs....but $4 a gal sounds a tad high

They still make kerosene>>>? I thought it was only for those Lamps...

[Hubert Flottz]

16. I guess we are going to have to go back to burning coal to stay

warm in WV.

This shit sucks!

The gubmint only works for rich folk round here.

[opihimoimoi]

19. Pitchforks and Torches time at the POLLs...vote them fuckers out

use Reason, Logic, Sanity, and Truth...that should work....It did for Obama from Manoa(The Kid Who Did)

[Hubert Flottz]

21. It's colder than Sara Palin's heart outside.

I'll have to start sleepwalking to stay warm at night!

[opihimoimoi]

22. Snow on the Groiund means big bucks for them ski lift companies

but they charge $80 and noi one can afford so thats that

Wod a fuck up thanks to W and his GOP thieves

[ThomWV]

17. I bought home heating oil (No. 2) last week for $2.41 a gallon (100 gallons)

It would have been about a nickle cheaper per gallon if I had got 200 or more gallons but I think its going to drop further so I didn't commit to that much.

[lse7581011]

18. I Locked In Back In July

at $4.59 a gallon-my bad!

[Hubert Flottz]

20. I'm going to keep shopping around in this area...

I'll probably get by on about 55 gallons if we don't have a real bad winter or a long power outage. The bulk plant I called today is usually the cheapest place around this area to buy K1 and they said $3.99. I saw their ad from about a month ago and their #2 was $3.49.

[lse7581011]

23. I Bought 800 gallons!

DUMB! DUMB! DUMB! But I bought the media hype-what can I say!?

[SoCalDem]

24. For around $6K we got a brand new furnace & 3ton A/C unit

wouldn't it be cheaper to just get rid of the whole "oil thing"?

[lse7581011]

25. What Are You Burning Now? n/t

[SoCalDem]

27. natural gas...but we live in a mild climate, so it does not cost us much

to heat in the winter,..but in the summer, when we use the AC...whooo boy :)

[123infinity]

26. Gouging will continue until the gougee is bled dry.

grumble