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Author Topic:   Top Off Fuel Tanks Now

kwik_wurk posted 02-04-2015 12:09 PM ET (US)
With [gasoline] prices so low I was pondering filling some of my boats with gasoline or diesel now. I am not in the business of speculating [on] oil prices, but doing this for all the boats is about a $500 savings based on a $0.50/gallon summer increase, and for one boat another $0.50 to $0.65 difference between the marina and roadside price, at the expense [risk?] of old [gasoline] later, a saltwater dunk for one trailer, and about eight hours of time.
I know this has come up in the past, but the prices are so low relative to past conversations. It makes it hard not to ignore. Anyone else tempted?
saumon posted 02-04-2015 12:12 PM ET (US)
When you add eight hours of snow shoveling, it's less tempting!
Whalrman posted 02-04-2015 12:46 PM ET (US)
If you get a five-gallon jug and fill it when you're out near a gas stop doing errands, in short time the boat tank is full. Oh, and mix in your favorite stabilizer!
Jeff posted 02-04-2015 06:17 PM ET (US)
If you are overly worried about the cost of fuel you are missing the point of owning a small boat.
Jefecinco posted 02-04-2015 07:20 PM ET (US)
For me the cost of fuel is an inconsequential cost of boating. However, I always enjoy the thought of saving a bit of money when it's feasible. I just enjoy it and think it is fun.--Butch
kwik_wurk posted 02-04-2015 08:13 PM ET (US)
I am talking about a few hundred gallons of fuel (gasoline or diesel) across four different boats, or five, if I count the dingy). So while I try not to worry too much, fuel is still an expense where savings can be found, starting at the first drop. And, yes, I do the jerry can thing all summer for the Boston Whaler. People at my office started getting curious about the five-gallon jugs that I always took out or had tied-off to the front bumper--so they would not vent in the summer heat and the and make the SUV smell.
K Albus posted 02-04-2015 09:17 PM ET (US)
I wish I could pay for about a thousand gallons now, to be picked up at a later date at my convenience.
jimh posted 02-05-2015 12:16 AM ET (US)
i think the best price is already in the past. About a week ago I was buying gasoline at a retail station for under $1.90/gallon. Today that same station was selling gasoline at $2.20/gallon. For a one-week period, that is a big price increase. You should have topped off all your fuel tanks last week.
Also, I did not notice a big change in diesel fuel price. It seemed like only gasoline took a big dip. Even at $2.20/gallon, that is much less than the $5.70/gallon I paid in 2008 in northern Ontario, or the $9/gallon I paid in Ireland.
Jefecinco posted 02-05-2015 10:15 AM ET (US)
Yes, it looks as if it's over. I harbor some faint hope that the price has increased temporarily due to the refinery and oil field workers strike.
Butch
K Albus posted 02-05-2015 10:42 AM ET (US)
U.S. oil prices hit their recent low of around $44/bbl in late January, but spiked last week to about $53/bbl. The price has since come back down under $50/bbl. There are news reports this week that oil inventories are increasing, which indicates there should be further declines in the price.
wally910 posted 02-06-2015 10:40 AM ET (US)
I know we are taking full advantage of it down here in Florida. Of course, we are in prime wahoo season and when you are running 70 miles to the ledge one way and burning 150 to 200 gallons a trip, it adds up quickly. Hope it sticks around for a bit longer.
dgoodhue posted 02-08-2015 10:45 AM ET (US)
Crude oil prices traded are oil futures. The low January prices have yet to been purchased, they were for early March purchases. Their is also a delay in getting the oil from the barrel to be refined, transportation to the pump, but if their are reserves I am not sure how that affects the pricing. The oil that is being purchased now is from december is the area of $60/barrel.
That being said, it seems to me historically that oil price have a delay to come down in price (which makes sense), but they seem to instantly react to price increases.
17 bodega posted 02-08-2015 08:54 PM ET (US)
climbing 3-4 cents a day at the [cheapest] COSTCO gas station which applies some pricing algorythm for several miles around each station location.
All my boats are tippy topped off for spring...
Mambo Minnow posted 02-09-2015 12:00 PM ET (US)
Boat on trailer buried under 4 feet of snow right now. Don't think I will be topping off anything but the snowblower for the next month!
hauptjm posted 02-09-2015 01:49 PM ET (US)
I paid $1.79/Gal. yesterday - 2/8/15
vin1722or posted 02-09-2015 02:36 PM ET (US)
Gas was $1.77 in jersey for regular today.It has been at that price for 2 weeks.

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Author	Topic: Top Off Fuel Tanks Now
kwik_wurk	posted 02-04-2015 12:09 PM ET (US) With [gasoline] prices so low I was pondering filling some of my boats with gasoline or diesel now. I am not in the business of speculating [on] oil prices, but doing this for all the boats is about a $500 savings based on a $0.50/gallon summer increase, and for one boat another $0.50 to $0.65 difference between the marina and roadside price, at the expense [risk?] of old [gasoline] later, a saltwater dunk for one trailer, and about eight hours of time. I know this has come up in the past, but the prices are so low relative to past conversations. It makes it hard not to ignore. Anyone else tempted?
saumon	posted 02-04-2015 12:12 PM ET (US) When you add eight hours of snow shoveling, it's less tempting!
Whalrman	posted 02-04-2015 12:46 PM ET (US) If you get a five-gallon jug and fill it when you're out near a gas stop doing errands, in short time the boat tank is full. Oh, and mix in your favorite stabilizer!
Jeff	posted 02-04-2015 06:17 PM ET (US) If you are overly worried about the cost of fuel you are missing the point of owning a small boat.
Jefecinco	posted 02-04-2015 07:20 PM ET (US) For me the cost of fuel is an inconsequential cost of boating. However, I always enjoy the thought of saving a bit of money when it's feasible. I just enjoy it and think it is fun.--Butch
kwik_wurk	posted 02-04-2015 08:13 PM ET (US) I am talking about a few hundred gallons of fuel (gasoline or diesel) across four different boats, or five, if I count the dingy). So while I try not to worry too much, fuel is still an expense where savings can be found, starting at the first drop. And, yes, I do the jerry can thing all summer for the Boston Whaler. People at my office started getting curious about the five-gallon jugs that I always took out or had tied-off to the front bumper--so they would not vent in the summer heat and the and make the SUV smell.
K Albus	posted 02-04-2015 09:17 PM ET (US) I wish I could pay for about a thousand gallons now, to be picked up at a later date at my convenience.
jimh	posted 02-05-2015 12:16 AM ET (US) i think the best price is already in the past. About a week ago I was buying gasoline at a retail station for under $1.90/gallon. Today that same station was selling gasoline at $2.20/gallon. For a one-week period, that is a big price increase. You should have topped off all your fuel tanks last week. Also, I did not notice a big change in diesel fuel price. It seemed like only gasoline took a big dip. Even at $2.20/gallon, that is much less than the $5.70/gallon I paid in 2008 in northern Ontario, or the $9/gallon I paid in Ireland.
Jefecinco	posted 02-05-2015 10:15 AM ET (US) Yes, it looks as if it's over. I harbor some faint hope that the price has increased temporarily due to the refinery and oil field workers strike. Butch
K Albus	posted 02-05-2015 10:42 AM ET (US) U.S. oil prices hit their recent low of around $44/bbl in late January, but spiked last week to about $53/bbl. The price has since come back down under $50/bbl. There are news reports this week that oil inventories are increasing, which indicates there should be further declines in the price.
wally910	posted 02-06-2015 10:40 AM ET (US) I know we are taking full advantage of it down here in Florida. Of course, we are in prime wahoo season and when you are running 70 miles to the ledge one way and burning 150 to 200 gallons a trip, it adds up quickly. Hope it sticks around for a bit longer.
dgoodhue	posted 02-08-2015 10:45 AM ET (US) Crude oil prices traded are oil futures. The low January prices have yet to been purchased, they were for early March purchases. Their is also a delay in getting the oil from the barrel to be refined, transportation to the pump, but if their are reserves I am not sure how that affects the pricing. The oil that is being purchased now is from december is the area of $60/barrel. That being said, it seems to me historically that oil price have a delay to come down in price (which makes sense), but they seem to instantly react to price increases.
17 bodega	posted 02-08-2015 08:54 PM ET (US) climbing 3-4 cents a day at the [cheapest] COSTCO gas station which applies some pricing algorythm for several miles around each station location. All my boats are tippy topped off for spring...
Mambo Minnow	posted 02-09-2015 12:00 PM ET (US) Boat on trailer buried under 4 feet of snow right now. Don't think I will be topping off anything but the snowblower for the next month!
hauptjm	posted 02-09-2015 01:49 PM ET (US) I paid $1.79/Gal. yesterday - 2/8/15
vin1722or	posted 02-09-2015 02:36 PM ET (US) Gas was $1.77 in jersey for regular today.It has been at that price for 2 weeks.