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Joined: Mar 2008
Posts: 15,289
Campfire Ranger
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OP
Campfire Ranger
Joined: Mar 2008
Posts: 15,289 |
Went to fuel up my Ram 3500 with the Cummins engine. Fuel pump shut off at $125.00 and didn't even get a full tank.
Gonna be a bunch of really nice used RV's for sale pretty soon.
How long before the truckers have to shut down?
FJB.
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Joined: Jan 2015
Posts: 7,862
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2015
Posts: 7,862 |
The trucks will shut down when the economy crashes. Until then, the freight rates will keep going up as long as diesel fuel keeps going up.
"Government is not the solution to our problem, government is the problem." Ronald Reagan
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Joined: Jul 2012
Posts: 726
Campfire Regular
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Campfire Regular
Joined: Jul 2012
Posts: 726 |
I was driving through California in April and my pickup takes gasoline and the pump shut off when it hit $100. I did not fill the tank.
On that trip I needed to stop and refill when I was at a 1/2 tank. A half tank is real close to $100 I my F-150
Plus to add on to your comments. There is a bunch of motor homes for sale. The few motorhome owners that I know pulling a vehicle are making about 4 to 5 miles to the gallon on the freeways.
"Sorry don't get it done, Dude" John Wayne 1959
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Joined: Feb 2005
Posts: 4,460
Campfire Tracker
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Campfire Tracker
Joined: Feb 2005
Posts: 4,460 |
Diesel is pricey. I love my Duramax 3.0 and glad it gets the mileage that it does but I hate looking at $5.20 a gallon or so...
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Joined: Jun 2000
Posts: 11,314 Likes: 14
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2000
Posts: 11,314 Likes: 14 |
"What we obtain too cheap, we esteem too lightly: it is dearness only that gives every thing its value. Heaven knows how to put a proper price upon its goods; and it would be strange indeed if so celestial an article as freedom should not be highly rated." Thomas Paine
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Joined: Jan 2012
Posts: 26,529 Likes: 3
Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,529 Likes: 3 |
Most likely be able to find many fairly new Duramax/Powerstroke/Cummins trucks soon . . . . . . . . at the bottom of lakes . . . . . after being reported as stolen.
FJB & FJT
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Joined: Jan 2012
Posts: 26,529 Likes: 3
Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,529 Likes: 3 |
FJB & FJT
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Joined: Nov 2007
Posts: 29,650 Likes: 5
Campfire Ranger
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Campfire Ranger
Joined: Nov 2007
Posts: 29,650 Likes: 5 |
Trust the plan We’ll build back better You’ll own nothing and be happy
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Joined: Jan 2012
Posts: 67,176 Likes: 38
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,176 Likes: 38 |
When does the rationing start????
???
I believe I’ve heard rationing was going to take place from a couple of the “Hillary is being indicted tomorrow people”
Or was it the “1188 Italian Futbol players have died from the jab people”
I guess I better go fill up the tractor and my jugs. Elijah said “Bring all thy vessels” Turn off the Guns of Navarone, put down the Fritos and Pepsi and go fill em up.
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Joined: Aug 2003
Posts: 39,139 Likes: 24
Campfire 'Bwana
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Campfire 'Bwana
Joined: Aug 2003
Posts: 39,139 Likes: 24 |
The trucks will shut down when the economy crashes. Until then, the freight rates will keep going up as long as diesel fuel keeps going up. The freight market is made up of 2 separate markets. Spot/Contract. Contract fright is priced linehaul plus fuel. That freight will continue to move as FSC will continue to rise with fuel costs. Most shipper's financial look is at the Linehaul and "whatever fuel was - it is, not going to argue about that". Spot freight usually is priced "all in" and the carrier/shipper settles on a price they hope the cost of fuel doesn't swing wildly. Right now - spot freight pricing is less than Contract WITHOUT FUEL. Still, there isn't a rush from contract freight to spot freight right now and spot pricing is deteriorating. Shippers want stability in their budget. We've seen upward pressure on transportation costs long enough that budgets should reflect those increases/reality. There's little reason to budget 100, bust that down to 30, reset at 30 and watch things change and push expenditures to 45 (showing you broke budget - again) - so to speak by rushing to the spot market and the carriers that service it. Contract price will start to come down the longer spot stays well below contract but I don't believe there will be a race to get contract as close as possible to spot like there may have been in the past. Spot is down due to changes in supply and demand in that segment of the market. Less demand, plenty (for now) supply. A very large segment of carriers are small and operate almost exclusively in the spot markets. If fuel stays high and they're unable or unwilling to drive costs out of their operations or enter the contract market - they'll close up. Stability for shippers will be the name of the game. Move contract down when/as you can in small steps, you still have to be good stewards of your company's resources/money but not so low you erode primary carrier acceptance of your routing guide. No need to ride the knife's edge of rates. I don't know if most of the small guys can hold onto things long enough. Given how many really don't even know their cost to run - I'd not hold my breath.
Me
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Joined: Jan 2012
Posts: 67,176 Likes: 38
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,176 Likes: 38 |
Hey Rick
We really need a headless chicken, animated with blood spurts emoji
Chop Chop
If youre not too busy 🤓
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Joined: Apr 2011
Posts: 151,770 Likes: 17
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 151,770 Likes: 17 |
They shut off at a 100 here
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Joined: Jan 2020
Posts: 5,175
Campfire Tracker
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Campfire Tracker
Joined: Jan 2020
Posts: 5,175 |
Just filled up the farm tank with off-road diesel for $5.10 gal. Fertilizer for our hay fields was only $1,050 a ton yesterday. Same fertilizer last year was $375 a ton. I'm not sure how much of this fun I can afford. My wife has been giving me pep talks. She claims this is the devil's plan, and says don't give up and let them win. She saved me once 35 years ago hopefully she'll do it again.
Life is good live it while you can.
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Joined: Aug 2004
Posts: 69,673 Likes: 20
Campfire Kahuna
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Campfire Kahuna
Joined: Aug 2004
Posts: 69,673 Likes: 20 |
They shut off at a 100 here $150 here. Had to put my card in 3 times the last time I filled up. Just under $450.
Molɔ̀ːn Labé Skýla!
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Joined: Jun 2001
Posts: 32,135 Likes: 3
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jun 2001
Posts: 32,135 Likes: 3 |
Some $75 here, some $100, I think some places shut off still above that. Still, it pisses me off to run the card again. I avoid the lower cut-off places, and fill up at half-tank, should probably change that to quarter.
Diesel is mid-$5.00 plus or minus 20 cents, depending on location. Gas about 20 cents cheaper.
Last edited by las; 05/17/22.
The only true cost of having a dog is its death.
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Joined: Dec 2008
Posts: 656
Campfire Regular
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Campfire Regular
Joined: Dec 2008
Posts: 656 |
I quit driving my Diesel trucks when it went over $5 bucks. My gas trucks don't have the pulling power, but I'll make them work before paying $5+ a gallon.
Tony
Run it up, until you blow it up, then back it down a bit.
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Joined: Oct 2021
Posts: 10,819 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,819 Likes: 2 |
XOM over 92$/share at the close today.
Ole joe is really killing big oil ain’t he?
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Joined: Nov 2011
Posts: 4,969 Likes: 6
Campfire Tracker
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Campfire Tracker
Joined: Nov 2011
Posts: 4,969 Likes: 6 |
According to things I have read, oil companies and refineries are making record profits. They have no incentive to produce more and they have the cooperation of the federal government. Boycotting Russian oil and canceling drilling leases, is another factor driving the cost of fuel and everything made of fossil fuels. Hard to believe this is not intentional.
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Joined: May 2011
Posts: 2,200
Campfire Regular
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Campfire Regular
Joined: May 2011
Posts: 2,200 |
Of course the oil companies have no incentive to produce more. This administration is seeing to that...This administration can scream bloody murder about the big bad oil companies making record profits all the while acting like they care that the little man is taking it in the shorts.
All this administration would have to do is stop restricting the oil companies and instead give them some incentives to up production, instead they have said that they want to make everyone go green and kill the fossil fuel industry.
Laws aren't preventative measures. In other words, more laws won't prevent gun crime from happening.
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Joined: Feb 2006
Posts: 6,890
Campfire Tracker
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Campfire Tracker
Joined: Feb 2006
Posts: 6,890 |
Buddy rolled up to work today with his new (used) truck. 2017 super duty with a 6.7. told him nice truck but....really? His daily driver with about 45 mile round trip.
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