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Report Your Local Gas Prices Here (retired discussion, please see the new one)
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Just like .50c candy bars ain't happnin.
Be lucky if the national average makes it down to $2.50
Right now, today on 6-12-2007,the national average is still sitting at $3.066, same as it was one month ago.
Last year on 6-12-2006 it was $2.897.
Last time the National average was $2 was in March 2005.
http://home.fueltracker.com/home.html
Midgrade $3.37
HiTest $3.47
An economic recession is probably the only way gas will go back below $2.
My brother who is a manager at Meijer, said they had one drive-off yesterday but their sister store had 7 yesterday.
I heard on the news that these declined prices will be short lived because it's going backup. :mad:
Rocky
I think that you're right about this being the end, or near end, of declining prices. The wholesale price of unleaded gasoline on NYMEX has started to tick back up.
Article
Notice the picture of the two stations in Chicago.
Gagrice, take your petrol prices back please!!!
Down 9 cents in the last 30 days.
They started high Sunday
Dropped on Monday ~ Tuesday
Jumped on Wednesday, some higher than others
Thursday some places jumped while others decreased.
This morning I saw the prices were 20 cents lower than they were on Wednesday evening.
Weird :confuse:
Too far for me to go for fuel, bummer man!!
By work (northwest suburbs) it's still running $3.23, which is 20 cents cheaper than it was on Wednesday. And cheaper than in Chicago, especially downtown :surprise:
I'm curious of the normal July 4th holiday spike, but by it being a Wednesday I'm not sure what's going to happen.
-Rocky
3.21
3.33 for midgrade
3.43 for hitest.
Add the usual point nines. :P
The majority of stations are still at 3.25 for regular though. One of the off-brand stations had regular for $3.19.
Mileage on this tank was up a bit to about 15.64 mpg, and I'd say only 35-40% of that was highway driving. So I guess my hypermiling attempts on the old beast are paying off!
2014 Malibu 2LT, 2015 Cruze 2LT,
Meanwhile, Kangaroo only a mile or so away is charging $2.89 for 87, while the Chevron and BP on either side are charging $2.91. :confuse:
2014 Malibu 2LT, 2015 Cruze 2LT,
(And I get post #7000.)
2014 Malibu 2LT, 2015 Cruze 2LT,
Look for the gas companies to get that 75 cents back for the 4th of July week. Then back down a bit till Labor Day.
No!
If the oil companies, gas stations, refineries, etc. are really so adept at manipulating prices why would they allow them to fall? Especially if they only plan to manipulate them higher in the future? It seems to me that if they really had this ability to artificially set the price then the maximum profit would be obtained by keeping the prices as high as possible. Not only that the public would eventually become resigned to these higher prices. Allowing the prices to occasionally fall will only result in greater public dissatisfaction when the prices go back up.
As the gap between supply and demand continues to shrink these price fluctuations will continue to increase.
Here's a question to those that are so certain price manipulation is occuring. How exactly is this accomplished? It would require a lot of cooperation from a lot of different parties. Do they hold some massive conference call once a week? And since this practice would be illegal how do they keep it a secret? Conspiracy theories are nice but they've got to stand up to basic common sense.
But your post and mine are veering off the main road of the topic. Maybe the title needs changed. But to avoid a reminder...
Local low prices are $2.67 at many stations and within 2-3 miles are stations at $2.89.
2014 Malibu 2LT, 2015 Cruze 2LT,
Then why are prices falling?
Since the price of oil and unleaded gas is set on the commodities market by commodities traders I don't see how this large and diverse group of people can organize to pull off this collusion. And on top of that you have global, geo-political, weather, etc. factors that influence these traders decisions to buy or sell. It's not at all like the tobacco or drug industry. The only group that can effectively manipulate the price of oil is OPEC. They're not hiding anything here. The whole existence of this organization was to create the ability to collude. They aren't bound by US anti-trust laws.
There is no conspiracy, no collusion. Something like that could not be hidden for very long. People have loose lips. Someone would have whistleblown a LONG time ago.
The international petroleum market is the international petroleum market. Prices do what the market indicates.
It's not rocket science to understand that.
Anyway, Phoenix has a couple of $2.89 stations today.
$7.03 per US Gallon.
Need fuel on the Motorway, (think Interstate), then you're looking at $7.5 per USG.
Of those prices, some 66% is Tax & Duty.
Want to drive your car into central London ? That will be $15.75 per day, please. But, that may change. The Mayor of London wants to charge SUV drivers $49.25 PER DAY because they are evil incarnate, apparently.
Big Oil isn't robbing anyone but our government surely is. Please say a prayer for this poor pensioner, (well the last bit's true), when you go to bed tonight.............and remember that there is always someone worse off than you.
I believe the last pump I saw said $.42 of our price was tax. That will vary from state-to-state; the federal government has a set amount of tax that's the same in all states.
After comparing gasoline taxes per gallon, we have to start comparing income taxes and real estate property taxes. Some states even have taxes on property items that are not real estate (house and lots). Then we have to compare sales taxes which vary a lot from state to state. Some states don't have income taxes so they're favorites for retirees to retire in because of no income taxes.
2014 Malibu 2LT, 2015 Cruze 2LT,
Chevron is $3.25 at most stations in Boise - the supermarket gas is coming in at $3.18.
I was more surprised at the cost of train tickets between Central London and Brighton being so expensive.
I think one way the manipulation is happening is by all the speculation that went on and still going on, particularly last summer. Remember last year how all those storms and hurricanes were going to hit but never did? What about the past and present Middle East conflicts, disturbances and such that were going to disrupt supplies, many of which either didn't happen or were in a sense minor (not sure if that is the correct phrase)? All of this speculation drove the barrel prices through the roof, which caused the petrol prices to rise. Also keep in mind that during last month's hearing the officials admitted that a lot of the high prices were due to misinformation, speculation and rumor (I believe it was the gentleman from Deustche Bank making those statements). And how come every year there's going to be record hurricanes and travel on holiday weekends? Lastly, every article that states relief is coming, or that prices are going down has in the middle or end of the article (or an article the next day) some expert stating the prices are going to settle then sharply increase. In the end, OPEC stated they were going to reduce output to keep the barrel prices in the $60 range because lower than that they wouldn't make a profit? Are those instances not a form of manipulation?
Back on topic,
Prices continued down to roughly $3.18 at a couple of stations but all are back up this morning to $3.23 minimum. The usual high-priced Speedway is now back up to $3.34.
The ups and downs on the pricing lately has been crazy. It shoots up, then drops 10 ~ 15 cents, then jumps back up. This sea-saw is making me sea-sick :sick:
I'm figuring the prices should be jumping back up to the +$3.50 starting next week since the Taste of Chicago will be starting.
I think we've pretty much stalled out at the $3.15 ~ $3.34 range.
http://home.fueltracker.com/home.html
Still crying and running out of options
JAE
1. Our Government has finally decided to go after the gouging that is happening to us. CNN & several other news agencies reported about 2 weeks ago that our government was going to severally punish and fine the stations, etc who are gouging us at the pump.
One other note:
The gouging is still going on. In Bishop, CA on Hwy 395 there are several gas stations. The Arco - AM/PM is selling its fuel for $2.99 for 87 Octane, $3.16 for 91 Octane.
Bishop is approximately 130 miles North from my home. The Arco's - AM/PM and other station around my hometown are selling the same fuel for $3.25 87 Octane and $3.40 for 91 Octane.
That’s a difference of $.24 cent per gallon for the same fuel. And since Bishop is not near or close to any major cities or refineries and the truckers have to drive that much further to get to Bishop one would think that the fuel there would cost more not less.
I go through an average of 7 tanks a month. Approximately 24 gallons used each time. So that's $40.32 a month that I know that I'm being gouged out of in my area. That's $483.84 a year. And if any of you that are in disagreement with me have been paying attention to the price of oil, it has again been going up and the price at the pump is going down, this does not make since to anyone who knows anything about economics.
I still feel that we are being ripped off even at the prices I paid at Bishop of $3.16 a gallon for 91 Octane. I’m still paying $3.40 a gallon at the cheapest station around my area. Wait a minute, is our government just saying that they are going to punish the oil companies and service stations because the price gouging made it to the eastern states and they don't like paying what we here in California have been paying since January 2007?
We all know that last year 2006 was the 1st year that the oil companies and station charged us over $3.00 a gallon. They blamed it on the Hurricane last year. This year they are blaming it on Maintenance. Well Maintenance is planned out ahead of time and is a routine fact in every business that operates heavy machinery. I guess the 15 billion in profit made by 1 oil-company in 3 months isn't enough to pay for the maintenance and so now we are going to have to pay it every year? B.S. I hope that if this happens again next year that our new government will follow through with their threats and punish the oil companies.
E.M.S.
Check out Congress. We have a new government since November 2006. Made no difference. You live in a high priced gas area. Check out Santa Barbara sometime. San Diego has at least a 50 cent difference from cheapest to most expensive gas. I believe if I was driving as much as you I would look for a little better gas mileage. My gas bill last year was right at $900 for a GMC PU truck. That is $75 per month. Not bad as far as I am concerned. I just wish the gas price had a little more impact on the way people drive. It has not from what I see.
They didn't take office till after the first of the year.
GOUGING is an URBAN MYTH.
GOUGING is an URBAN MYTH.
GOUGING is an URBAN MYTH.
GOUGING is an URBAN MYTH.
Ask those station owners what they are paying for wholesale gas. Their answer will be 2 to 10 cents less than they are charging at the pump. Those guys are not getting rich.
It's the WHOLESALE PRICES which they use to base their pump price on.
The wholesale price of gas is HIGH right now. That's why pump prices are high.
It's not rocket science.