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Old 01-16-2016, 03:06 PM   #21
H. L. Chauvin
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Default Re: Confused about motor oil prices

For now, OPEC is in control of a very well planned strategy on Universal Petroleum Economics.

Simple Lubricating Oil Cost "101" .......... all we need to do is begin to change oil every 25,000 - 50,000 miles ..... after they all run out of oil storage space, that will teach the oil companies a thing or two. LOL
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Old 01-18-2016, 02:09 PM   #22
spinelll
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Default Re: Confused about motor oil prices

Quote:
Originally Posted by SGT in Ont. View Post
Crude oil is refined for fuel. Motor Oil uses a completely different type of base oil when it is manufactured. The barrel price has no bearing on what the price for motor oil is going to be.

Huh?
Most motor oils are made from a heavier, thicker petroleum hydrocarbon base stock derived from crude oil, with additives to improve certain properties.”

I lied. I didn’t pay $1.89 for gas; I paid $1.69.

I think I have it now.
On additives:
If the price of wheat (crude) goes down 75% then I can expect the price of white bread (gas) to go down somewhat, but not the price of rye bread (motor oil) because of that tablespoon of caraway seeds (additives).

Supply and demand:
Apparently motor oil is not subject to S&D. The supply is great and the demand is decreasing (more use of synthetics, modern cars=fewer oil changes).

Something in the milk ain’t white.

Last edited by spinelll; 01-18-2016 at 10:27 PM.
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Old 01-19-2016, 08:10 AM   #23
ronn
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Default Re: Confused about motor oil prices

Property taxes in jersey are outrageous double what PA is .. They need cheaper gas there
A house on a 1/4 acre is about 14k in property tax over there
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Mitch, not to knock your tax appraisal of NJ, but Bucks County aint exactly "free"...............

wish I were rich enough to live in Bucks...........
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Old 01-19-2016, 10:04 AM   #24
Tom Wesenberg
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Default Re: Confused about motor oil prices

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Originally Posted by ronn View Post
Property taxes in jersey are outrageous double what PA is .. They need cheaper gas there
A house on a 1/4 acre is about 14k in property tax over there
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Mitch, not to knock your tax appraisal of NJ, but Bucks County aint exactly "free"...............

wish I were rich enough to live in Bucks...........
So that's how Bucks County got it's name.



Quote:
Originally Posted by bikejunk View Post
I just paid 12.00 for 5 quarts at walmart ,Im guessing the oil that I bought was made months and months ago and due to the way it's sold it's not going to be be as effected by market as gas is .We might hear from bulk sellers (oil change places) what they pay for large drums of oil.
In the mid 70's I bought 55 gallon barrel of oil, and the price was the same as buying oil by the quarts, or at least within a penny or two.
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