Anyone Sick of these fuel costs?

[bucketobolts]

PUMP PRICES DON'T FLUCTUATE WITH THE MARKET PRICE.

This was my whole point, I dissagree. I saw the BP I buy my fuel from change the price twice in one day last week. They get a tanker about once a week. So when the suppliers price goes up, their price goes up whether they have received fuel or not. Then they are not going to lower the price till the next delivery of fuel at the cheaper price.

Yes I understand the futures system. When we run 3 shifts or plant receives a 8,500 gallons a day of diesel fuel. The same way we purchase our natural gas. When you budget $1.5 million for gas utilities the year and the price starts to go crazy, you will be upside down in a hurry.

I help a friend out with his farm. He books soy beans for 6 months. Last year the combination late frost and drought did him in. Luckily it was declared a natural disaster and he was not held to a crop that couldn't be harvested. This year he has gambled on wheat. So far it looks like he on track. Wheat is up from a normal $3-4 bushel to $10-15. He is waiting for it to top out before he books. He had thought about corn, but everything from seed to fertilize had doubled in price. We'll have to see if his gamble makes up for last years loss.

The bottom line is that there is not going to be an end to inflation till the other financial sectors turn around and start making sound profits.