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YOUR RESEARCHGas prices low, shouldn't a quart of oil come down?
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Adjust composition
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Suggestion
Small oil producers sell their crude to larger operators; niche oil producers buy refined product from operators and adjust the composition.
Gas prices low, shouldn't a quart of oil come down?
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It always seemed to hover around $3 and some change per quart of M1 FWIW.
Gas prices low, shouldn't a quart of oil come down?
Run forever
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The people who make and sell the cars when they're new, or the people who try to keep them running forever?
Gas prices low, shouldn't a quart of oil come down?
Use m1 crap oil
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Driven (JG DT40) is sponsoring a new challenge for Porsche owners using M1 crap oil to swap to their engine specific oils.
Gas prices low, shouldn't a quart of oil come down?
Use more than they can produce
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Gas prices low, shouldn't a quart of oil come down?
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I'm just curious. Since the cost of a barrel of oil has come way down as well as gas prices, you'd think the price of a quart of oil would come down as well. I recently did an oil change and Mobile 1 is still $9.00 average at Autozone, O'Reilly, etc. I have not checked Walmart for the big 5 liter bottle. What's up with those $9.00 quart of oil?
Prices may be lower per barrel, but transport and refining costs still maintain on par. For oil companies to break even oil prices per barrel (wti) need to be in the $45-65 per barrel depending on oil play. So regardless if oil prices dropping the cost to get it out of the ground is still expensive. If you look at shale oil plays, they have mostly stopped all active drilling because the cost for extraction is now more than market price.
You better not tell BITOG that or else someone might throw a fit.
Mobil1 0w40 is one of the few consumer based OTS oil in the Mobil1 lineup that is mixed between group 4 and 5 base. Most other Mobil1 is created with group 3 base stock making them not truly synthetic in a technical sense.
+996
It all depends on how many of the CEO's need that extra something in their bonus checks to buy their next island or property.
Don't forget all the train derailments we've been having lately...
Why are you concerned about oil prices anyway? Don't you use unicorn semen for your [oil] changes?
All jokes aside, don't hold your breath for motor oil prices to come down. They're only going in one direction and that's up.
Driven (JG DT40) is sponsoring a new challenge for Porsche owners using M1 crap oil to swap to their engine specific oils. Maybe try for the limited amount of grants to reduce your oil costs?
funny, when the price of crude rises, the price of a quart of oil rises. But when the oil comes back down, the quart of oil stays high. I don't think they are connected. It's like a new tax, once you have it, you can't get rid of it. Oil comes down, and price per quart stays high, more profit. Bring in some oil from china. Give mobil some competition.
China is a net importer of oil. They use more than they can produce.
Mobil is not the top oil refiner in the US; Mobil only owns 3 of the largest 11 refineries in the US. They have competition.
The way to drive down the price of motor oil would be to bring additional brands to market at a below-market cost. However, petroleum distillation requires a large amount of real estate directly adjacent to ports, pipelines, and highways to bring in unrefined oil and to distribute refined products. This, in addition to the regulatory overhead, makes it fairly difficult for an upstart oil company to start refining and distributing. Small oil producers sell their crude to larger operators; niche oil producers buy refined product from operators and adjust the composition. Standing up a new crude-to-distribution oil operation on a scale that can compete with Exxon-Mobile is almost inconceivable given the size of Exxon-Mobile.
"Someone oughta compete with Exxon Mobil" sounds like a good idea, but it also sounds like something Trump would say on a campaign stop.
Oil is one of the only true "busts" in our current economy. Prices are low due to several factors including lower usage of oil based products (including gasoline), more domestic production (thank you fracking) and a lessoning of demand from China thanks to their falling economy.
There is also the political impact of lower oil prices that put the squeeze on Miiddle Eastern suppliers and Russia.
So oil prices may get back to $50-$60 a barrel in the short term, but we will never see +$100 a barrel in our lifetimes...
Who do you choose to believe? The people who make and sell the cars when they're new, or the people who try to keep them running forever? Unfortunately, oil opinions are even WORSE than a**holes - some people have
more
than one.
I tend to believe the manufacture that has put many hours and engineering dollars into R&R over gossip I read on the web. But hey if it is on the Web it has got to be true.
That said I am sure the JG ultra whale sperm oil is the absolute best thing to ever happen.
ever wonder why gas stations don't buy 55 gallon drums of oil, then sell it by the quart? When I was a kid, we did that at the gas station I worked at. No wasted money in packaging, less money in shipping. Better for the environment, no plastic containers going into landfills. Just bring in your container, and fill it up.
From a recent historical perspective, motor oil has stayed steady for a the past few years or more that I can remember. It always seemed to hover around $3 and some change per quart of M1 FWIW.
It seems funny that people are paying $9/qt for M1
Quick Lube places still buy the popular weights by the drum.
I'd buy oil for my cars in bulk - someone needs to come out with a multiweight growler.
I thought the only person still paying $9 a quart for M1 was John Ireland, and that only because the snaggletoothed hag (er, "hot barista") at his used car lot (er, "high-end reseller of luxury automobiles") continues to feign interest in his watch stories and meticulously manscaped albino chest pubes only as long as he continues to pay $300 for a $50 oil change...
Quick question: What is this "rear main seal" thing I've started hearing about? I saw a Yahoo article about it, so I fired up my trusty DSL modem and I Asked Jeeves, but I can't find any information in the chat rooms.
*Sent on my BlackBerry
