Energies / Bio-Diesel Prices Break

[biglentil]

Nobody want to talk about weakening diesel prices on this energy thread? Reply With Quote

Errol I don't remember you calling for a buy when oil was <$40. Infact wasn't that around the time you started the "Inflation is Dead" thread? Oil was due for a correction after a massive +%300 run, the drop in commodities is inversely correlated to the recent strength we see in the DXY. The long term trend however is not broken. Waiting for the entry point in the breakdown of the DXY before going long commodities once again. Though seeing that very rare tristar hammer doji print on the monthly wti crude is tempting me to start entering now. Could be signalling a very bullish reversal higher.

[Taiga]

Rack price around $1.05 but price at the pump still pushing $2.00. Have not priced farm delivered dyed yet. Well I did but nobody called me back.

[errolanderson]

Full taxed price in Calgary, filled yesterday @ $1.59. Diesel at pump here off about 15% since mid-Jan. This is about the same as the futures pullback.

[wheatking16]

Errol I don't remember you calling for a buy when oil was <$40. Infact wasn't that around the time you started the "Inflation is Dead" thread? Oil was due for a correction after a massive +%300 run, the drop in commodities is inversely correlated to the recent strength we see in the DXY. The long term trend however is not broken. Waiting for the entry point in the breakdown of the DXY before going long commodities once again. Though seeing that very rare tristar hammer doji print on the monthly wti crude is tempting me to start entering now. Could be signalling a very bullish reversal higher. [ATTACH]11967[/ATTACH]

85 and 92 are levels of interest for me.

[Hamloc]

Nobody want to talk about weakening diesel prices on this energy thread? Reply With Quote

Errol as I posted yesterday on the deflation thread. Diesel prices on the internet yesterday by location Three hills $1.799, Edmonton $1.529, Grande Prairie $1.969. Last I looked diesel futures were up today, as was crude oil. As a side note I was charged $6.34 a gigajoule for natural gas for January. Emailed my supplier, wasn’t impressed. Said that is the way it was, supposed to be $3.44 for February, we will see. Carbon tax is $2.62 a gigajoule, this will go up to $3.41 a gigajoule April 1. It will then probably be as high or higher than the value of natural gas. So yes diesel prices have moderated a bit but life still far more expensive than it was 3 years ago!!!! Justin Trudeau won’t be happy until we are all poor in the west!!!

[Guest]

$4.26/GJ sk energy
summer diesel locally $1.20

[Guest]

Enjoying diesel half ton at 34-39 mpg

[errolanderson]

CRUDE OIL 1/2 PRICE SALE ON-NOW . . . .

One year ago, WTI oil prices approached $130 per barrel. This week, the WTI price plunged toward $65 per barrel.

Good news for those wanting lower diesel prices. Bio-diesel price declines. Corn prices appear vulnerable to lower lows (under normal growing conditions) as ethanol prices also under pressure.

[Herc]

Enjoying diesel half ton at 34-39 mpg

Urs still runs? Ha, not many made the winter here…..

[makar]

Enjoying diesel half ton at 34-39 mpg

Didn't realize Lada sold a diesel truck in Canada.