Margins are pretty good refining cheap oil

[bucket]

Federated made 1.1 billion....


Fuel should be at least 15 percent cash back at the local. ...won't be though....

Crooks. ..

Getting harder to support them...

[Oliver88]

Double digit dividend cheques this year for fuel and propane?

[sawfly1]

My guess is 11% . Depends on your
Local coop I guess.
Maybe 14 ,everything should be
Getting paid for by now.

[TOM4CWB]

My guess is 11% . Depends on your
Local coop I guess.
Maybe 14 ,everything should be
Getting paid for by now.

I see Diesel is down 20 c/l this week
The fuel reserve tanks must be full
Nice Christmas present!

[farmaholic]

I see Diesel is down 20 c/l this week
The fuel reserve tanks must be full
Nice Christmas present!

If your supplier could get summer diesel, would it be too early to fill the bulk tanks?

[fjlip]

Filled with summer in Jan two years ago, was none left in Oct this year.

[farmaholic]

Filled with summer in Jan two years ago, was none left in Oct this year.

...so they say, I bet the mini bulk tank farms have lots of summer fuel stored in them. Unless you expect to get "fresh" product in spring...but whose to say they aren't pulling from those tank farms first anyway. If that's the case it can sit in your bulk tanks just as well, if the price is right.

[Oliver88]

If your supplier could get summer diesel, would it be too early to fill the bulk tanks?

January 2016, diesel was 50ish cents + GST
March 2016, was around 70

Currently mid 80’s.(Lowest since 2017)

[farmaholic]

January 2016, diesel was 50ish cents + GST
March 2016, was around 70

Currently mid 80’s.(Lowest since 2017)

O88, I haven't checked local prices lately. I wonder if there is any downside left, or how much if there is.

Would they let it get as low as 50ish cents again? Or would the Refineries take a page from the supply management dairy sector and throttle supply to keep prices from collapsing (or just continue to gouge consumers).

I wonder what the costs of production are for diesel and gas.

I also wonder if the carbon tax is already being factored in.

We run our storage tanks quite low this time of year to take advantage of any cheap fuel pricing opportunities. But like any marketing decisions, we never know when the absolute highs or lows have been put in.

Oh yea bucket, do you think Federated's new slogan will be "Thanks a NET 1.1 Billion".

[SASKFARMER3]

And trump loves cheap Canadian oil buy at 10 and sell there own for 50.

USA is booming gas any where from $1.88 to $2.05

[farmaholic]

And trump loves cheap Canadian oil buy at 10 and sell there own for 50.

USA is booming gas any where from $1.88 to $2.05

.......a ****en U.S. ****en gallon....

$2.05 divided by 3.78 equals 54 cents a liter?

54 cents at 1.36 exchange equals 73 cents a liter CAD....

[bucket]

.......a ****en U.S. ****en gallon....

$2.05 divided by 3.78 equals 54 cents a liter?

54 cents at 1.36 exchange equals 73 cents a liter CAD....

The US can buy our oil and still make gas cheaper than anywhere with a 2 hour drive of a refinery in Canada. ...

And people wonder why there is yellow vest protests coming ....

Between 73 and 1.20 CDN a litre.....is more than just a little gouging and collusion

[farmaholic]

The US can buy our oil and still make gas cheaper than anywhere with a 2 hour drive of a refinery in Canada. ...

And people wonder why there is yellow vest protests coming ....

Between 73 and 1.20 CDN a litre.....is more than just a little gouging and collusion

What portion of that price per liter is taxes in Canada versus US?

[bucket]

What portion of that price per liter is taxes in Canada versus US?

The collusion and gouging is the 47 cent differential....Gouging in the form of taxes and more to come in a week...

Collusion because its a necessary evil...

My dad never changed the way he farmed because of fuel prices ....his sons did because of what has happened since...

It also afforded him more opportunities....

6 dollar grain and a minuscule fuel bill ...more hours on the tractor and more fuel burned then than now and it allowed him to do more...

[Oliver88]

WTI up over $4 today.

I’m assuming diesel will nudge up slightly when diesel fuel prices change on Friday.