I thought it might be so. Then we dropped from $2.37 down to $2.26 in San Diego. We are usually 25 cents above the National average. When it went under 3 bucks my Costco man said it was headed for $2 per gallon. So far he is right on. I'm thinking $1.75 by Thanksgiving and a buck and a half for Christmas. You gotta love it. Just when Ford quit building the Excursion. At least Toyota & Nissan have a monster SUV or two for sale yet.
dropped again slightly yesterday, to $2.179 per gallon for 87 octane, down from $2.199. The local Citgo is still holding at $2.199 but I think they'll drop either today or tomorrow.
So Ford actually DID finally quit building the Excursion? Man, I've been hearing claims of its impending demise since about two days after it first came out! :P
Yes but we are paying about 50% more then we were 3-4 years ago. And since the normal pay raise is somewhere between 3-5% and oil, gas and electricity prices are also way up, people have every right to complain. Gas prices are being manipulated by the oil companies through reduction of capacity in the oil refineries, oil futures, convenient oil production, etc. And there isn't much you and I can do about it.
After completing a trip around eastern PA and southern NJ, I find that my hometown (York) is at the high end:
York, PA - $2.65 - $2.69 regular Lancster, PA - $2.61 - $2.63 regular Gap, PA (Lancaster County) - $2.59 - $2.61 regular Lehigh Valley - $2.57 - $2.63 regular
Gasoline futures edged up to $1.4650 a gallon on the Nymex, while heating oil fell half a cent to $1.7280 a gallon. Natural gas prices fell 3 cents to $6.410 per 1,000 cubic feet.
The impact of a potential 1 million barrel a day cut by OPEC remains to be seen, with traders eager to see whether the cartel merely reduces its official output quota or reduces production from current levels.
Other major influences on prices in the months ahead will be the economy, the weather and geopolitics, most notably the West's diplomatic dispute with Iran, OPEC's No. 2 producer, over its nuclear ambitions.
So Ford actually DID finally quit building the Excursion?
We used a lot of them in the oil fields after the Suburban dropped their diesel. I guess 1 ton Crew Cabs will be the vehicle of choice. They also build a tri cab PU that a few companies buy. Plus you can get the 1 ton Vans with a diesel and after market 4 wheel drive.
Gasoline futures edged up to $1.4650 a gallon on the Nymex
Since we are talking gas prices the gasoline futures price really is the most relevant, not the cost of oil. Gasoline futures bottomed out at $1.45 about a week ago. You might say that gasoline futures should track oil futures and you'd be right. Typically every $1 change in the price of oil results in a 2 to 2 1/2 cent change in the price of gas futures. Last August when oil was at $77 a barrel, gas futures were $2.35/gallon. So a $20 decrease in oil has resulted in a 90 cent decrease in gas. Something's not right here. A $20 change in oil should impact gas by 50 cents. Refining costs change with the seasons and that can account for some of the disparity but not all of it.
Other major influences on prices in the months ahead will be the economy, the weather and geopolitics, most notably the West's diplomatic dispute with Iran, OPEC's No. 2 producer, over its nuclear ambitions.
I think the only one of these factors that will allow gas prices to continue to drop will be if the major, oil consuming, economies start slowing down.
the local Citgo dropped 87 octane down from $2.199 to $2.119. Meanwhile the Shell dropped from $2.179 to $2.149. Interestingly, the price gap between 87 and 89 is now starting to grow.
At the Citgo, prices were $2.119/$2.299/$2.399, while the Shell was at $2.149/$2.279/$2.379
Not everyone believes OPEC. Their own basket price went down 71 cents today. Under $55 per barrel. I still say under 2 bucks average by Thanksgiving. Many folks will be pleased, only the wealthy hybrid cult want gas to go through the ceiling.
PS San Diego gas at $2.25 diesel spotted at $2.49. Both still headed south. The local Baja club just posted diesel at $1.86 just across the border. Shows how it is artificially high diesel is in CA.
Russia would like to expand and sell more oil. Along with several other soviet bloc countries that need money. We will be seeing lower prices in spite of the naysayers. There is a lot of money to be made with $30-40 per barrel oil.
the numbers the national U.S. average for ghastly prices won't drop below $2.00/gal for 87 no-lead.
It's just not right to pay lower than $2.00/gal for 87 no-lead, is it? Very rich people in ghasto-leeen-eey want and desire to put us through the shredder and they want us to continue paying large ghastly prices.
Weird gradient there...all supply and demand I am sure.
Over the past week I was in eastern WA, and noticed Chevrons were usually at least several cents cheaper than here. Odd, usually costs are higher there.
I think the oil companies have YOUR number. You should not have said all those bad things about our wonderful oil companies. They also know that everyone in the Seattle area have as much money as Bill Gates.
"Over the past week I was in eastern WA, and noticed Chevrons were usually at least several cents cheaper than here. Odd, usually costs are higher there."
I'm thinking that you need to get away from that Bellevue WA Chevron a little more often.
Nah, I think they are just punishing this blue state in a sea of red
Price trends should be interesting to monitor once the elections are (mercifully) over in a couple weeks. The price decreases and desperation both are remarkable...should be fun to see what comes next.
The station I patronize is both most convenient for me, and usually the cheapest Chevron in town.
NEW YORK World oil prices fell Monday amid market doubts about a pledge by the Organization of Petroleum Exporting Countries to curtail production, with many analysts believing the cartel will have difficulty fully enforcing a cut.
Light sweet crude for December delivery fell 52 cents to settle at $58.81 a barrel on the New York Mercantile Exchange. In London, Brent crude futures on the ICE Futures exchange dropped 76 cents to settle at $58.92
Face it larsb Toyota has sold too many hybrids. It has caused an oil glut. I know it distresses you to think your hybrid is worth a lot less with buck fifty gas. You'll get used to it. We had an ARCO station selling for $2.20 with car wash. My truck was spotless so I passed.
No way oil is dropping to $40. $50 would be amazing.
Even if oil went down to $40/barrel we still wouldn't have $1.50 gas. The last time gas was that cheap was early 2004. Oil prices were around $30/barrel then.
Anyone who really believes that oil prices are going to drop significantly have the opportunity to make a lot of money in the commodities market.
I'm not one for throwing money away. The commodity market is about the same as the roulette wheel.
The reason I say $1.50 gas, is based on averages. In todays dollars the average price of gas prior to 9/11 was about $1.50. It was at that price from about 1986 till we got to fighting in the Middle East. There was a blip up during the first Gulf war also. I may be more optimistic than most. It really means little to me. I worry more about my children coping with the high price of gas.
Amen on the roulette wheel. I recall being told by several in these forums that the days of $2/gallon gas were long gone, and that $3 might be in the rear-view mirror in no time at all, on the way up to $5.
I filled up for $1.96 last weekend. Beware the petroleum soothsayer - he may be wise, but not omniscient.
MODERATOR /ADMINISTRATOR Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name. 2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h) Review your vehicle
The oil companies who were terribly quick to raise prices on any talk of hurricanes keeps fighting the sagging prices around general Dayton area. Priced have sagged to $1.96 in the usual areas; this is after two restorations to the $2.19 level.
Now I see a $2.29 price popping up at certain local stations and expect that to spread for an early weekly restoration.
But prices can't be justified other than under $2.00 based on oil prices. Oh, I forgot. I heard mention of a hurricane in the Pacific by the radio news this morning. Maybe that's why prices are having to rise to $2.29.
The people pushing that view have an agenda. If given control they would tax gas to those prices. They really only want the wealthy to have cars. The rest of us can take the bus or ride a bike.
If you were referring to moi in the "people who have an agenda" comment, here's my agenda:
Higher gas prices mean more conservation, reduced foreign oil dependency, lower air pollution levels, less global warming, more carpooling, more bikes, more small cars on the road, fewer people randomly choosing exhaust-spewing beasts as their family car.
All these things add up to a better world for all of us.
It has nothing to do with rich or poor people - it has to do with this EARF being our only place to live, and we better do what little we can to take better care of it. :shades:
High gas prices are the only thing I have EVER SEEN in 25 years as an adult that can and does "force" people to make better and more proper decisions on their transportation.
I'm with you on this one. Most other developed countries have significantly higher gas taxes than the US. They also tend to have more comprehensive safety nets for the poor. For the most part we are a country that doesn't seem to care all that much about our poor until you start talking gas prices. Then suddenly everyone's a liberal.
The higher the gas/oil prices get the sooner we will transition from an oil based econmomy. That will be beneficial to both rich and poor.
We've had a couple of places bouncing between $2.13 and $2.11 lately. Now that we're past Penn State football homecoming, we'll see how things settle out since those BIG football weekends have tended to boost prices in the past :P
If we're going to soak the middle class and lower class with high gas prices as a surrogate for conservation, let's have the wealthy start by giving up their jet travels, large SUVs, motorhomes, etc.
Having Al Gore preach at people who actually know more about conservation than he does and then get into his V8s and scurry to the airport to catch a 747 to jet back to Nyota for the conservation world pac meeting a few years back was pure hypocrisy. Having many other Hollywood types and musicians (Streisand) preach the same garbage turns me off.
If this country wishes to conserve, then start eliminating jets. The air was purest in this area when there was no air travel after 9-11.
Prices: $1.95, lots at $2.01, and $2.25/2.24 spreading as the weekly restoration occurs.
I've never been to New Zealand but I hear its very nice. Do you have a lot of poor and middle class people suffering due to your high gas prices?
The average American uses about 600 gallons of gas per year. So if gas goes up a dollar that obviously equates to $600/year. Yikes, who but Bill Gates could afford to take a hit like that?
What do you think we would get for that extra buck a gallon? If it was spent where it is supposed to be spent on maintaining roads and bridges I would be for it. Fat chance of that happening.
You are trying to compare a very small country that is closed to outside poor coming in. It has about half as many people as Los Angeles.
Wow, well I wish I could say the same about the gas prices in the area surrounding me. As of today, 10-24-06 Regular Unleaded is still going for $2.50 to $2.70 per gallon, depending on where you buy it. I live in Southern California, I guess that just because our governor is an actor and has millions of dollars he doesn't care about the rest of us millions of Californian’s who can't afford to pay these hyped up prices. They are obviously gouging here in California when they are charging almost a dollar more per gallon than other places. And you know that Southern California not only has an import at Long Beach for fuel oil, but they also have hundreds if not thousands of oil wells and refineries. One would think that the closer you live to the refinery and the fewer miles that they have to ship the gas that it would be less expensive. I guess not. I've lived in California for 46 years and like most Californian's I'm sick and tired of being ripped off and gouged by the gas stations and oil companies here in California.
Comments
Rocky
So Ford actually DID finally quit building the Excursion? Man, I've been hearing claims of its impending demise since about two days after it first came out! :P
Yes but we are paying about 50% more then we were 3-4 years ago. And since the normal pay raise is somewhere between 3-5% and oil, gas and electricity prices are also way up, people have every right to complain. Gas prices are being manipulated by the oil companies through reduction of capacity in the oil refineries, oil futures, convenient oil production, etc. And there isn't much you and I can do about it.
After completing a trip around eastern PA and southern NJ, I find that my hometown (York) is at the high end:
York, PA - $2.65 - $2.69 regular
Lancster, PA - $2.61 - $2.63 regular
Gap, PA (Lancaster County) - $2.59 - $2.61 regular
Lehigh Valley - $2.57 - $2.63 regular
New Jersey (Woodstown) - $2.54
The impact of a potential 1 million barrel a day cut by OPEC remains to be seen, with traders eager to see whether the cartel merely reduces its official output quota or reduces production from current levels.
Other major influences on prices in the months ahead will be the economy, the weather and geopolitics, most notably the West's diplomatic dispute with Iran, OPEC's No. 2 producer, over its nuclear ambitions.
We used a lot of them in the oil fields after the Suburban dropped their diesel. I guess 1 ton Crew Cabs will be the vehicle of choice. They also build a tri cab PU that a few companies buy. Plus you can get the 1 ton Vans with a diesel and after market 4 wheel drive.
Since we are talking gas prices the gasoline futures price really is the most relevant, not the cost of oil. Gasoline futures bottomed out at $1.45 about a week ago. You might say that gasoline futures should track oil futures and you'd be right. Typically every $1 change in the price of oil results in a 2 to 2 1/2 cent change in the price of gas futures. Last August when oil was at $77 a barrel, gas futures were $2.35/gallon. So a $20 decrease in oil has resulted in a 90 cent decrease in gas. Something's not right here. A $20 change in oil should impact gas by 50 cents. Refining costs change with the seasons and that can account for some of the disparity but not all of it.
Other major influences on prices in the months ahead will be the economy, the weather and geopolitics, most notably the West's diplomatic dispute with Iran, OPEC's No. 2 producer, over its nuclear ambitions.
I think the only one of these factors that will allow gas prices to continue to drop will be if the major, oil consuming, economies start slowing down.
At the Citgo, prices were $2.119/$2.299/$2.399, while the Shell was at $2.149/$2.279/$2.379
We get a lot of you Philly gamblers gassing up on the way to and from Atlantic City...plus all of the summer seashore crowd.
They want to defend $57-$60 oil prices.
Phoenix average went UP today from $2.14 on Thursday to $2.16 today Friday 10-20-2006.
I think we are at the bottom folks..........
PS
San Diego gas at $2.25 diesel spotted at $2.49. Both still headed south. The local Baja club just posted diesel at $1.86 just across the border. Shows how it is artificially high diesel is in CA.
It's just not right to pay lower than $2.00/gal for 87 no-lead, is it? Very rich people in ghasto-leeen-eey want and desire to put us through the shredder and they want us to continue paying large ghastly prices.
2021 Kia Soul LX 6-speed stick
87 - $2.039 - down 10
89 - $2.139 - down 10
91 - $2.199 - down 10
93 - $2.239 - down 10
diesel - $2.359 - down 4
kcram - Pickups Host
Weird gradient there...all supply and demand I am sure.
Over the past week I was in eastern WA, and noticed Chevrons were usually at least several cents cheaper than here. Odd, usually costs are higher there.
San Diego sitting at $2.25 for Costco gas.
I'm thinking that you need to get away from that Bellevue WA Chevron a little more often.
Price trends should be interesting to monitor once the elections are (mercifully) over in a couple weeks. The price decreases and desperation both are remarkable...should be fun to see what comes next.
The station I patronize is both most convenient for me, and usually the cheapest Chevron in town.
Lowest reported price is $1.81 in OK City Oklahoma.
Prices are slowly coming down at other places, in the $2.05-$2.07 range.
Light sweet crude for December delivery fell 52 cents to settle at $58.81 a barrel on the New York Mercantile Exchange. In London, Brent crude futures on the ICE Futures exchange dropped 76 cents to settle at $58.92
C'mon $1.50 gas!!
The days of the USA average gas price at or below $1.50 are over my friends.
That $1.99 gas I saw the other day was with a car wash only.
Even if oil went down to $40/barrel we still wouldn't have $1.50 gas. The last time gas was that cheap was early 2004. Oil prices were around $30/barrel then.
Anyone who really believes that oil prices are going to drop significantly have the opportunity to make a lot of money in the commodities market.
http://futures.tradingcharts.com/marketquotes/
The reason I say $1.50 gas, is based on averages. In todays dollars the average price of gas prior to 9/11 was about $1.50. It was at that price from about 1986 till we got to fighting in the Middle East. There was a blip up during the first Gulf war also. I may be more optimistic than most. It really means little to me. I worry more about my children coping with the high price of gas.
I filled up for $1.96 last weekend. Beware the petroleum soothsayer - he may be wise, but not omniscient.
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
Now I see a $2.29 price popping up at certain local stations and expect that to spread for an early weekly restoration.
But prices can't be justified other than under $2.00 based on oil prices. Oh, I forgot. I heard mention of a hurricane in the Pacific by the radio news this morning. Maybe that's why prices are having to rise to $2.29.
2014 Malibu 2LT, 2015 Cruze 2LT,
Higher gas prices mean more conservation, reduced foreign oil dependency, lower air pollution levels, less global warming, more carpooling, more bikes, more small cars on the road, fewer people randomly choosing exhaust-spewing beasts as their family car.
All these things add up to a better world for all of us.
It has nothing to do with rich or poor people - it has to do with this EARF being our only place to live, and we better do what little we can to take better care of it. :shades:
High gas prices are the only thing I have EVER SEEN in 25 years as an adult that can and does "force" people to make better and more proper decisions on their transportation.
USA average gas price today is :
$2.17
and lowest reported USA price is:
$1.83 in Travelers Rest, SC
The higher the gas/oil prices get the sooner we will transition from an oil based econmomy. That will be beneficial to both rich and poor.
Having Al Gore preach at people who actually know more about conservation than he does and then get into his V8s and scurry to the airport to catch a 747 to jet back to Nyota for the conservation world pac meeting a few years back was pure hypocrisy. Having many other Hollywood types and musicians (Streisand) preach the same garbage turns me off.
If this country wishes to conserve, then start eliminating jets. The air was purest in this area when there was no air travel after 9-11.
Prices: $1.95, lots at $2.01, and $2.25/2.24 spreading as the weekly restoration occurs.
2014 Malibu 2LT, 2015 Cruze 2LT,
The average American uses about 600 gallons of gas per year. So if gas goes up a dollar that obviously equates to $600/year. Yikes, who but Bill Gates could afford to take a hit like that?
You are trying to compare a very small country that is closed to outside poor coming in. It has about half as many people as Los Angeles.