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Report Your Local Gas Prices Here (retired discussion, please see the new one)
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Comments
I am not so naive as to think the executives at BP or Exxon are soft. Neither is Bill Gates or Larry Ellison. If anyone has a monopoly, as you suggest, it is Bill Gates. You should worry more about Wal-Mart and the Chinese products than the oil companies. Our trade deficit with China is about double that or our oil import deficit.
Oil price history
Let's just call it "inflation". US is partially fueling higher prices because of Government and Trade deficits. It's a flood of money spreading all over the world. Gov't price indices just don't show it.
I hear that Newark, NJ. has lowest prices on gas today. Avg. $2.15/gal. Doesn't NJ have "full service" stations, instead of "pump it yourself"?
Regular = $2.24
Silver = $2.34
Super = $2.44
Ultra = $2.54
-juice
I believe the seasonal driving thing... more RVs and vehicles towing boats on the road this weekend.
james
My usual Sunoco truck stop, Palisades Park NJ
87 - $2.139
89 - $2.239
93 - $2.299
94 - $2.339
diesel - $2.419
kcram - Pickups Host
Lots of money going out and not much coming in. Credit needed. If currency drops in value then it is easier to repay debts. Drops in currency value usually mean increase in prices.
It's just a partial answer...to a compley question on why prices rise for oil....not the total answer.....
james
On a happier note, this winter's been so mild that even though home heating oil has shot up, I think my total bill for this winter is going to be about what it was last year! :shades: FWIW I paid $1.74/gal last year. This year, when they filled up in December it was $2.54/gal and a few weeks ago was $2.64/gal. I thought about converting to a heat pump, but then I hear that electricity in these parts is going to jump 40-80% this summer!
Just wait until the supply and demand curves cross. Can we say $100+ per barrel?
james
Also interestingly, my fuel economy for this past tank was something like 22.6 mpg. The tank before was around 19.5. I did a little more highway driving, but also balanced it out abusing the car in DC stop and go driving, almost getting smeared by a metro bus, etc. That tank before may have still been the oxygenated stuff though, which I think they quit selling around here at the end of February. So that may be part of it.
Sheetz and Exxon had the same price. I gassed up at the nearby Shell, which is a little slower to act, paid $2.29.
Is there a hurricane somewhere? Stock market doesn't seem to notice.
2021 Jeep Wrangler Sahara 4xe Granite Crystal over Saddle
2024 Audi Q5 Premium Plus Daytona Gray over Beige
2017 BMW X1 Jet Black over Mocha
Just as I said yesterday, the Shell I used last evening raised their prices a dime, to $2.39.
I think that once the gas hits 2.50/gal for 87 and stays there, the new Tahoes will be selling for $10,000 off MSRP again So GM might as well declare that bankruptcy now.
I am still waiting for reprisals against the Big oil :mad:
I guess the eggheads on Wall Street think that we have bottomless pockets like they do – we’ll find out this summer, when 1/3 of the country doesn’t take that summer drive vacation.
I think there is a real risk of people sticking closer to home rather than loading everyone up in the Suburban for a 700 mile jaunt to Disney.
With prices the way they are this week, I will go back to post Katrina driving behavior: Combining trips, leaving the SUV in the garage and cut out unnecessary "sightseeing" trips.
2021 Jeep Wrangler Sahara 4xe Granite Crystal over Saddle
2024 Audi Q5 Premium Plus Daytona Gray over Beige
2017 BMW X1 Jet Black over Mocha
The pricing has shifted to a different area of metro San Diego.
Is there anyway to figure what is going on?
It is not high enough to impact traffic. It is more congested now than ever. No good time of day to run errands.
Now that we’re ready and most people would say that at the present levels the gas prices do not affect them the BIG oil will stick it to us good. BOHICA guys!
While lots of folks are struggling with their heating bills, the Big oil is planning on the next rip-off scam.
What’s the next hurricane name again? Let’s see, shall we:
The summer driving season is approaching cha-ching (hits the register) the hurricane season is approaching – cha-ching twice! The unstable situation in the middle east with Iran threatening us with a nuke – cha-ching!, ding, ding, ding – Jackpot!
I say that by July the gas will be $3.00/gal or more.
Good time to sell that SUV and trade it on a Prius (Just kidding) :P
I wish I could bike to work, but there are no housing projects close to where I work.
Plus I travel a lot, so I need a good and reliable car.
I guess I am screwed. :sick:
2021 Jeep Wrangler Sahara 4xe Granite Crystal over Saddle
2024 Audi Q5 Premium Plus Daytona Gray over Beige
2017 BMW X1 Jet Black over Mocha
Rocky
Take public transport? All in favor of it, but not an option where I live.
Telecommute? Absolutely and may pursue this one with my boss at least a few days a week. But for many, many others its just not possible.
Ditch SUV's and pick ups? Free country man, you can drive what you want to drive. Besides most of us, myself included, would take a bath in resale as we're upside down or locked into leases.
Conserve? This one has the most legs. At the current prices and continuing upward trend, I'll leave the SUV at home, combine trips, watch my driving style and generally think about every trip I need to make (necessary or not).
Not going to make a big difference in the grand scheme of things but if others have the same thought process demand will go down slightly, I'm afraid we're getting to the point where prices won't go down accordingly.
Let's see which oil company posts record profits this quarter.
2021 Jeep Wrangler Sahara 4xe Granite Crystal over Saddle
2024 Audi Q5 Premium Plus Daytona Gray over Beige
2017 BMW X1 Jet Black over Mocha
I think that $100 oil is far more likely. The prez is now talking preemptive strike policy and Iran confrontation in the same breath. Someone is likely to punish us for our (administration's) arrogance.
james
Of course at that point we'll all be standing in a line, so we won't care about the gas prices
We'll see how arrogant you'll get when the islamists will smuggle a baby nuke.
I would gladly pay 3.00/gallon knowing that Iran is but a big glass parking lot.
No one likes us-I don't know why
We may not be perfect, but heaven knows we try
But all around, even our old friends put us down
Let's drop the big one and see what happens
We give them money-but are they grateful?
No, they're spiteful and they're hateful
They don't respect us-so let's surprise them
We'll drop the big one and pulverize them
Asia's crowded and Europe's too old
Africa is far too hot
And Canada's too cold
And South America stole our name
Let's drop the big one
There'll be no one left to blame us
We'll save Australia
Don't wanna hurt no kangaroo
We'll build an All American amusement park there
They got surfin', too
Boom goes London and boom Paris
More room for you and more room for me
And every city the whole world round
Will just be another American town
Oh, how peaceful it will be
We'll set everybody free
You'll wear a Japanese kimono
And there'll be Italian shoes for me
They all hate us anyhow
So let's drop the big one now
Let's drop the big one now
PS
I'm with you on keeping Iran in our sights.
That's why even the THREAT of disruption in production facilities gets us a spike in prices at the pump now.
Look to the Democrats. I believe that all tree huggers vote democrat. They blocked the National Energy policy from 2001 until very recently and I believe that you still cannot drill in ANWAR. Better to save a few Polar Bears than the entire country.