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Report Your Local Gas Prices Here (retired discussion, please see the new one)
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But what to my wondrous eyes should appear...but new octane stickers on the midgrade and premium pumps. Both have been lowered, to 88.5 for midgrade and 92 for premium! There's still a 10-cent spread among the grades.
Doesn't bother me, because my vehicles all call for 87. :P
Lemko, enjoy your "ultra" 93!
http://www.opec.org/home/basket.aspx
Rocky
Delaware $2.14 87, $2.34 89, $2.44 93 in Shell and Exxon.
Odie
Odie's Carspace
Rocky
The lowest the cheaper stations got to was $2.08 and $2.10.
Now they're mostly going to $2.39. I thought the barrel price of oil had dropped. Is there a hurricane somewhere? Law of supply and demand? Maybe people drive more on election day?
I expect to see $2.50 again now that Nov. 7th is past.
2014 Malibu 2LT, 2015 Cruze 2LT,
Why not, we have two years to forget how the system works.
Rocky
Fuel prices at the pump have inched higher over the past three days, as the price of crude oil has seesawed on production cuts and forecasts for higher global demand.
The average price for a gallon of regular unleaded stood at $2.22 today, up 2 cents from Tuesday, Nov. 7, according to AAA, of Heathrow, Fla. Today's average price is just 3 cents shy of the month-ago average, and 12 cents less than the average from a year ago.
The average prices for midgrade and premium unleaded gasoline are also up 2 cents a gallon from three days ago. Midgrade sells today for an average of $2.35 a gallon and premium sells for an average of $2.44 a gallon.
Diesel fuel continues to be more expensive than gasoline. A gallon of diesel sells today for an average of $2.61 a gallon, up 1 cent from three days ago. One year ago, diesel was selling for an average of $2.85 a gallon.
The price of crude oil jumped above $61 a barrel on Thursday, Nov. 9, after U.S. elections and an International Energy Agency report forecasting higher demand for oil in the fourth quarter of this year, according to the Associated Press.
The report expected higher demand in the United States in this year's final quarter, when compared with the same period last year. A year ago, demand fell as fuel prices soared in the wake of damage from Hurricane Katrina.
But crude oil prices slid back to near $60 a barrel this morning, despite those factors and hints that the Organization of Petroleum Exporting Countries may consider another production cutback. OPEC member nations agreed to reduce production by a combined 1.2 million barrels a day, starting Nov. 1.
Las Vegas was the site of the highest price for regular unleaded gasoline in the nation at $3.35 a gallon, according to spotters at GasPriceWatch.com. Spotters found regular unleaded selling for $1.89 a gallon in Verona, Va., the lowest price listed on the Web site.
GasPriceWatch.com uses volunteer spotters to monitor fuel prices.
National Unleaded Average Regular Mid Premium Diesel
Current Avg. $2.22 $2.35 $2.44 $2.61
Yesterday Avg. $2.21 $2.35 $2.43 $2.61
Month Ago Avg. $2.26 $2.39 $2.48 $2.62
Year Ago Avg. $2.35 $2.50 $2.59 $2.85
I'm talking national average, here.
2021 Kia Soul LX 6-speed stick
Just a number!
The people 15 miles down the interstate setting prices for a gasoline subsidiary of a major oil are looking at what people will continue to tolerate. They aren't looking at past resistance levels like the stock prices.
2014 Malibu 2LT, 2015 Cruze 2LT,
It makes no difference in my curent lifestyle, as I've moved and changed from a 30-mile commute to a 4-mile commute. The price of gas (if high) though would change my future vehicle purchase as I buy a vehicle for 5+ years ... if it turns out to be a good vehicle.
Imn western NH the lowest price I've seen is $2.17. I use 93-octane mainly which is $2.39.
I think it was at 2.59/2.69/2.79 here over the weekend.
Rocky
Simms asked if the oil companies engineered that: Did they lower prices before the election to generate support for oil-friendly Republican incumbents, "and now that it's over, will we get ripped again?"
Street Beat loves a good conspiracy, but oil industry analysts say probably not.
Among the reasons they give for rising prices:
# Before hurricane season, oil companies stockpiled fuel to try to avoid the shortages and high prices we saw post-Katrina. The hurricanes didn't come, and the ample supply drove prices down. Those stockpiles are running out now.
# OPEC has threatened to reduce production, and prices are going up in advance of anticipated cutbacks.
# Demand for gasoline in developing countries is soaring.
Oil is marketed globally, so conditions on the other side of the world can affect prices here.
That's likely to get worse, and soon. China, for instance, has about 13 million cars, roughly seven for every
1,000 residents (the United States has 600 per 1,000).
But demand for cars there is huge: It soared by 56 percent in 2002 and 75 percent in 2003 before the government tightened credit restrictions, slowing the growth.
Still, it's expected to run 15 percent to 20 percent per year as far out as anyone can see, and the number of cars on the planet is predicted to double, to 1.2 billion (with a "b") by 2030.
By then, when we talk about the good old days of cheap gas, we may mean back when it was $5 a gallon.
USA Average is still sitting at $2.20 and lowest USA price is $1.80
What do they mean by "Probably Not"? Why did we go up 10 cents the day after the election? Most of the country is staying where it was before the election.
What I have said before I will say again:
The "averages" in the USA did not budge at all. Zero. Zilch. Nada. Look at this thread over the past three weeks, and the USA average has hovered around $2.18 - $2.21.
If there were some isolated instances of SOME stations raising their prices overnite, then it was the STATION OWNER who did that - not market forces and certainly not Big Oil.
If it was Big Oil or Market Forces at work, then the USA average would have been affected upward. Not just some random stations.
The evening after they went to 2.19 and just last night they all shot up to 2.26. This is four different gas stations of three different brands.
Exxon/Mobile and shell are always a few cents higher then these other brands and they also shot up the same amount of cents. They started out at 2.22-2.24 and shot up to 2.30-2.32.
Last night regular rebounded to $2.19 but the $2.31 was unchanged.
I figure there are two ways to become a gazillionaire...one is to figure a way to get teenagers toactually believe what you say, the other is to be able to make sense out of gas pricing! :P
From The PatriotNews - Harrisburg, PA
Pennsylvanians could see increases in gasoline prices, license and registration fees, and real estate transfer taxes in order to address backlogs of road and bridge repairs and public transit system deficits, according to a panel studying the state's transportation system.:snip:One way to do that, the report said, would be to raise state oil and gas taxes the equivalent of 12.5 cents a gallon. The report also suggests hiking driver's license and vehicle registration fees by an unspecified amount to raise $150 million for public transportation needs. Gov. Ed Rendell appointed the panel.
It figures as soon as he was re-elected he started messing with the Gas prices.
Odie
Odie's Carspace
Odie
Odie's Carspace
I'm waiting for the people to complain when that happens because the price of the gas is higher. They griped about the $10 per year E-check cost.
2014 Malibu 2LT, 2015 Cruze 2LT,
Hard to figure out what is going on. Meanwhile, we filled up in a nearby town about 40 miles away on Sunday (at another Sheetz) for the same $2.05. (No, we didn't drive 80+ miles just to save 4 cents a gallon.)
The weekly "restoration" has stations going back up to $2.29 but it's not solid; some are at $2.24, e.g.
http://daytongasprices.com/retail_price_chart.aspx
The chart doesn't show the extremes of the up and down fluctuations, i.e., $2.29 to $2.03 then $2.34 in 7 days which occurs in some areas. The data is an average of all stations in the greater area with suburbs included and even some remote cities are in the average.
2014 Malibu 2LT, 2015 Cruze 2LT,
2.69/2.79/2.89
This must have just happened, because the nearby competition is still at $2.04-$2.05, except "Lowest Price" (yes, that's their name) has matched Sheetz.
The national average is $2.23 a gallon.
Here's a little money saving tip. Figure out a way to burn less than 200 gallons of gas per month. The national average for gas consumption is around 50 gallons a month. So you're a little on the high side.
87 - $2.059
89 - $2.159
91 - $2.219
93 - $2.259
diesel - $2.399
kcram - Pickups Host
In Amarillo, I've been told you can still find gas closer to the $2.00 mark. The good thing is we haven't seen a sudden spike in gas price increases like some of us predicted. Nancy Pelosi, is going to cutt off the oil subsidies big oil has been getting from this last congress, which IMHO is a good thing. They are making record profits while most of us have to reach deep into our wallets just to fill our cars.
Rocky
Rocky