Any business owners here suffering with $7/g fuel prices?

[South Bay]

Lots of other factors playing into the cost at the pump, but here's what we've pulled from the ground since 2015.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M








U.S. Field Production of Crude Oil (Thousand Barrels per Day)


 


 


 


 


 




 


 


 


 


 


 


 


 


 


 


 


 


 




Year


Jan


Feb


Mar


Apr


May


Jun


Jul


Aug


Sept 


Oct


Nov


Dec




  2015


9,382


9,504


9,582


9,658


9,474


9,358


9,446


9,409


9,480


9,400


9,332


9,275




  2016


9,201


9,063


9,088


8,871


8,832


8,672


8,660


8,688


8,542


8,802


8,901


8,814




  2017


8,873


9,109


9,168


9,103


9,184


9,110


9,246


9,245


9,516


9,659


10,077


9,979




  2018


9,996


10,276


10,461


10,493


10,424


10,628


10,888


11,373


11,422


11,488


11,868


11,924




  2019


11,848


11,653


11,899


12,125


12,141


12,179


11,896


12,475


12,572


12,771


12,966


12,910




  2020


12,785


12,826


12,816


11,911


9,711


10,420


10,956


10,558


10,868


10,413


11,121


11,084




  2021


11,056


9,773


11,160


11,230


11,334


11,288


11,330


11,206


10,851


11,526


11,769


11,604




  2022


11,369


11,306


11,655


 


 


 


 


 


 


 


 


 

 

[URCLEVER]

Lots of other factors playing into the cost at the pump, but here's what we've pulled from the ground since 2015.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M








U.S. Field Production of Crude Oil (Thousand Barrels per Day)


 


 


 


 


 




 


 


 


 


 


 


 


 


 


 


 


 


 




Year


Jan


Feb


Mar


Apr


May


Jun


Jul


Aug


Sept 


Oct


Nov


Dec




  2015


9,382


9,504


9,582


9,658


9,474


9,358


9,446


9,409


9,480


9,400


9,332


9,275




  2016


9,201


9,063


9,088


8,871


8,832


8,672


8,660


8,688


8,542


8,802


8,901


8,814




  2017


8,873


9,109


9,168


9,103


9,184


9,110


9,246


9,245


9,516


9,659


10,077


9,979




  2018


9,996


10,276


10,461


10,493


10,424


10,628


10,888


11,373


11,422


11,488


11,868


11,924




  2019


11,848


11,653


11,899


12,125


12,141


12,179


11,896


12,475


12,572


12,771


12,966


12,910




  2020


12,785


12,826


12,816


11,911


9,711


10,420


10,956


10,558


10,868


10,413


11,121


11,084




  2021


11,056


9,773


11,160


11,230


11,334


11,288


11,330


11,206


10,851


11,526


11,769


11,604




  2022


11,369


11,306


11,655


 


 


 


 


 


 


 


 


 

So that is out of USA? what does the other countries pull out like Saudi? Looks like it dropped slightly during covid but nowhere near what I had thought.  Almost 13K barrels in Nov/Dec 2019 and fuel was still $4 a gallon if my memory is right. Either way I am gonna pay. But #FJB and Cronies!

 

[marknkidz]

Effing ridiculous!

He, That F*CKTARD Biden slipped in Japan and said his plan was to raise fuel prices so people will buy electric cars. Get everyone off fossil fuels!

For one, electric doesn't work for me. Driving long distances and towing will not be done by an electric vehicle.

2) they are taking away our choice. If you want electric...go for it! I don't like it. I could buy into the hybrid especially for a commuter car.

3) if everyone went electric, we can't sustain it...the grid would implode.

EFF This administration...they want to put so many people out of jobs!

:explode:

Im No fan of Sleepy Joe (no fan of Trump either)...

but i highly doubt its Sleepys plan to have gas at $7.00 a gallon or anywhere near that!

its Political suicide!! No chance of getting re-elected if Gas prices stay anywhere close to where they are now...

 

[South Bay]

So that is out of USA? what does the other countries pull out like Saudi? Looks like it dropped slightly during covid but nowhere near what I had thought.  Almost 13K barrels in Nov/Dec 2019 and fuel was still $4 a gallon if my memory is right. Either way I am gonna pay. But #FJB and Cronies!

https://ycharts.com/indicators/opec_crude_oil_production

Here is OPEC.











Date


Value


Date


Value




12/31/2019


30.95M


1/31/2022


30.03M




11/30/2019


31.05M


12/31/2021


30.09M




10/31/2019


31.21M


11/30/2021


29.89M




9/30/2019


29.74M


10/31/2021


29.44M




8/31/2019


31.31M


9/30/2021


29.17M




7/31/2019


31.00M


8/31/2021


28.76M




6/30/2019


31.57M


7/31/2021


28.76M




5/31/2019


31.46M


6/30/2021


28.05M




4/30/2019


31.83M


5/31/2021


27.50M




3/31/2019


31.78M


4/30/2021


27.03M




2/28/2019


32.25M


3/31/2021


27.03M




1/31/2019


32.32M


2/28/2021


26.87M




12/31/2018


32.87M


1/31/2021


27.32M




11/30/2018


33.57M


12/31/2020


27.20M




10/31/2018


33.81M


11/30/2020


27.00M




9/30/2018


33.59M


10/31/2020


26.24M




8/31/2018


33.41M


9/30/2020


25.89M




7/31/2018


33.13M


8/31/2020


25.87M




6/30/2018


33.11M


7/31/2020


24.89M




5/31/2018


33.01M


6/30/2020


24.25M




4/30/2018


33.16M


5/31/2020


26.21M




3/31/2018


33.26M


4/30/2020


32.11M




2/28/2018


33.52M


3/31/2020


30.11M




1/31/2018


33.67M


2/29/2020


29.88M




12/31/2017


33.97M


1/31/2020


30.64M

 

[L.R.S.]

I have a hotshot tranaport business and we use 700-800 gallons of diesel per month. I've increased my per mile rate twice in the past few months. 

Besides rate increases my son and I have made a few changes to our fleet. He now drives my 2014 LML Duramax because it gets 1-2mpg better than his lifted 2006 LBZ on 35's. I took my truck to a tuner and had him put the best MPG/towing tune on possible, and I just installed a 100 gallon auxiliary fuel tank in the bed.

Holding 136 gallons will enable us to buy more fuel in NV and AZ more often and that can save us $1/gal, averaging $100 savings per fill up. 

We are also trying to schedule 'piggyback' transport jobs and make sure we are loaded both ways. Even hauling a smal amount of freight helps offset the fuel cost. We had a pit bike in Lakeside going to Victorville and we were able to piggyback a truck bed full of stuff for @Stugots going to Santee. Both jobs were half our standard LA to SD rate but combined they worked out.

Raising our prices is absolutely necessary but we have also made upgrades and adjustments to our equipment to to stay competitive ans not just pass on the costs to our clients.

 

[Realbadlarry]

Im No fan of Sleepy Joe (no fan of Trump either)...

but i highly doubt its Sleepys plan to have gas at $7.00 a gallon or anywhere near that!

its Political suicide!! No chance of getting re-elected if Gas prices stay anywhere close to where they are now

You Assume they care.... They don't they KNOW they can stuff boxes and fix elections...This IS the plan to absolutely destroy our economy so that the only place to turn is government.... and it's working.... 

 

[Jaybird95]

Im No fan of Sleepy Joe (no fan of Trump either)...

but i highly doubt its Sleepys plan to have gas at $7.00 a gallon or anywhere near that!

its Political suicide!! No chance of getting re-elected if Gas prices stay anywhere close to where they are now...

My guess is you weren't paying attention on the last election. IT WAS RIGGED!

 

[L.R.S.]

You Assume they care.... They don't they KNOW they can stuff boxes and fix elections...This IS the plan to absolutely destroy our economy so that the only place to turn is government.... and it's working.... 

Just realized your board name refers to an inability to read a thread title and post pertinent information on the topic being discussed.

 

[Kat-A-Tonic]

Man o' Man. This is freaking insane. Being in Aerospace I expect prices to be high. Since Nov. 21' I have had 5 increases from MFG such as PPG, Sherwin Williams, 3M etc. average increase was 23% and highest was 67% We just got hit with new increases just this month.

My customers are like WTF. Contracted maintenance just went full swing at the end of last year for Airlines, military pulling their aircraft out of storage. We are blessed for teh work and agreement we have but watching this is just horrible especially passing it onto the customers.

FJB and his cronies. Damaging and not taking any responsibility for our country.... The recession is coming and fast. All while Biden sits and eats his ice cream.

I would eat more ice cream too if I had ZERO chance of brain freeze.  Well ZERO unless someone shoved the cone up his AZZ.

 

[BW Willy]

I have over 70 heavy duty trucks on the road everyday and use over 12,000 gallons of diesel per week.  We contract with carriers for 5x this much.  All our transportation contracts has a base rate and fuel surcharge matrix.  As the cost of diesel goes up our fuel surcharge goes up.  All of the cost gets passed back to the customer - we are charging 30%-40% more but don't make any more profit.  It doesn't hurt us in the short run or directly.  In the long run, I just don't see how people will be able to afford things and consumption will come down.  The inflation rate isn't going up anywhere close to as much as our increased charges are to customers.  I believe it's got to keep going up - way up!  A box of Cheerios is going to cost $10.  We don't enjoy passing these costs back to customers but there's no point in working and not making a profit.  As was mentioned, we do everything we can to be more efficient, consolidate moves, limit our empty miles, etc.  We are actually more efficient than ever before but costs will keep going up.  That's even before we are forced to purchase electric and near zero emissions trucks or be fined.  Most of these vehicles cost 100% more and don't work as well.  We've been short 75-100 people for a couple years now and have customers lined up begging for us to handle their business.  Something has to change right?    

 

[Realbadlarry]

Just realized your board name refers to an inability to read a thread title and post pertinent information on the topic being discussed.

Sorry, didn't know I needed your permission to post on here?  

 

[1newbie]

Good stuff here.  I wish some of my contract prices were not locked in for multiple years (I thought it was smart during covid, not so much now...)  One thing that BW Billy referred to above is that Ukraine and Russia combine for about 1/3 of all wheat production.  NONE of that wheat will come to market and I am pretty sure Ukraine missed their planting season this year.  Wait to see what bread, cereal, pizza crust, etc prices are going to be....

FWIW, worldwide demand for oil is about 100m barrels/day.  U.S. is about 10-11m.  Russia is (was) around 14m.  Even Iran (world's largest sponsor of terrorism) can now sell oil thanks to Obama/Biden administration....... Cancelling the Keystone XL pipeline by E.O. on his 1st day on the job will probably (because there are sooooo many other F'ups also) go down as one of F'tard biden's biggest mistakes........

 

[Kraut_n_Rice]

Good stuff here.  I wish some of my contract prices were not locked in for multiple years (I thought it was smart during covid, not so much now...)  One thing that BW Billy referred to above is that Ukraine and Russia combine for about 1/3 of all wheat production.  NONE of that wheat will come to market and I am pretty sure Ukraine missed their planting season this year.  Wait to see what bread, cereal, pizza crust, etc prices are going to be....

FWIW, worldwide demand for oil is about 100m barrels/day.  U.S. is about 10-11m.  Russia is (was) around 14m.  Even Iran (world's largest sponsor of terrorism) can now sell oil thanks to Obama/Biden administration....... Cancelling the Keystone XL pipeline by E.O. on his 1st day on the job will probably (because there are sooooo many other F'ups also) go down as one of F'tard biden's biggest mistakes........

The book of Biden's F-ups thus far.

 

[Duster]

Distributor and converter of foam plastic, rubber products.  Increases have gotten so bad we no longer do formal price book up dates.  Almost all jobs are estimated from scratch.  Freight cost are just as bad.  Used to be delivery time was our vendor selector factor for freight, now it's back to price.  And being a lot of these raw materials are made over sea's, it always makes me wonder how much product is still on the container ship staging in the ports. 

The 2008 recession was bad, but this one coming up is going to be multipronged and is going to cut deep.  The only saving grace as far as I can see is the midterms, and they can't come soon enough.      

 

[KLC]

We need to have a water well drilled at our new parcel of land in Az. It's going to cost $51,000. Literally 1 year ago I got a quote for the same well for $30,000. There are instances where it appears businesses are charging way more for their services than they need to. They are just price gouging the common folks just because they can. 

High prices are here to stay so get used to it. 

 

[Jammer75]

Raised prices across the board last September and a lot of customers bitched about it (didn’t lose any). Just tacked on a fuel surcharge and not one peep out of any of them.  What can they say…!

 

[Jammer75]

We need to have a water well drilled at our new parcel of land in Az. It's going to cost $51,000. Literally 1 year ago I got a quote for the same well for $30,000. There are instances where it appears businesses are charging way more for their services than they need to. They are just price gouging the common folks just because they can. 

High prices are here to stay so get used to it. 

I think if you can answer the phone, do what you say you’re gonna do and get it done close to on time, people with the money will pay dearly.(including me)

it’s getting to a point of “how soon can you get it done” not “what’s the price”!

 

[KLC]

Oh I don't know, I'm not desperate enough to pay grossly inflated prices on anything. What's the price is usually my first question. I don't need anything bad enough to justify pissing money away to get something done right now, I may be a minority though. 

 

[Orange_R]

Distributor and converter of foam plastic, rubber products.  Increases have gotten so bad we no longer do formal price book up dates.  Almost all jobs are estimated from scratch.  Freight cost are just as bad.  Used to be delivery time was our vendor selector factor for freight, now it's back to price.  And being a lot of these raw materials are made over sea's, it always makes me wonder how much product is still on the container ship staging in the ports. 

The 2008 recession was bad, but this one coming up is going to be multipronged and is going to cut deep.  The only saving grace as far as I can see is the midterms, and they can't come soon enough.      

I work for a huge medical supply co, we have a 1300 page catalog and they just released a new book for 22/23 with no prices listed. It's the 1st time in 70 years there's been a book printed with no dollar values in it.

 

[raspadoo]

Own a small crane company, small fries compared to most of the former examples. In addition to the fuel cost Ive noticed a change in culture. I lost an emission sensor on a 2019 kenworth, "sorry there is a six week national backorder" found one through a friend in Washington on a shelf being held for ransom (-=. I can almost name my price to do a job and no backlash but the profit margin is down. The average repair used to take a couple days, now it's a week and no intensity everyone just chalks it up to covid. Had a 2016 40 ton go down yesterday, Im expecting it to be down weeks instead of days going into our season... Super hard business environment to manage, everyone seems to be happy if employees just show up and the level of performance is suffering. 

There is still lots of injected cash on the sidelines so until that runs out and the demand leans out I do not see a change in the inflation / economy.