Gas Price Watch

[wineforfun]

2.94 in Omaha

 

[tonyt]

Okay, I just got off the phone with my son - never ask a CPA to explain something quickly. He is an annalist at one of the countries largest pipeline and mid stream companies in Houston. He says there are literally thousands of variables causing gasoline prices to seem erratic from region to region, community to community and even neighborhood to neighborhood. But it always boils down to supply and demand. For instance here in Beaumont/Port Arthur we have some of the world's largest petrochemical refineries but we seldom have the regions cheapest gasoline prices. This part of Texas benefits from things that should keep our local prices among the lowest in the country like a low cost of transportation, availability of near by crude feed stock, and cheap and available local labor. However, we also have the countries fourth largest seaport system and the exporting of refined products competes with and forces our available supply to compete with world demand. So the price foreign countries are willing to pay for our refined products keeps our local price high. Areas that refine but have higher "transport to market" costs may find refineries forced to sell for less locally than pipe hundreds of miles to other markets. He also said not to underestimate specific costs of your local gas station like land cost, state and local taxes, local labor costs and nearby competition. We all know gasoline on an interstate highway running through downtown Dallas is going to come at a premium. So given all of those variables and many many more it still all comes down to Economics 101, supply and demand.

$2.89 today where I gas up and $2.80 across town but I'd chance getting my hubcaps stolen while I was filling up there.

 

[ibglowin]

Umm, yeah that's the ticket!

Good answer Tony!

 

[beano]

Saw my first today. $2.98.9 in fayetteville, NC.

Still gouging us in my opinion.

I grew up in the days of $5.00 fillups an .23 cents a pack marlboro cigarettes. And coffee was .40 cents a pound, grind your own at the A&P food store. And don't forget .99 cents a six-pack no name beer.
5 Hamburgers or Hot Dogs for a buck at the Tastee Freeze. Damn, I'm getting old. I can remember when nothing was there.

OOOOHH MY... old times , right!!

Beano Joe

 

[mikewatkins727]

I remember my dad popping a gut when gas hit .28 per gallon!

 

[richmke]

When gas was $0.25/gal, I remember making $2.75/hr, and when you got a $0.25/hr raise ...

Gas down to $2.99

 

[Boatboy24]

$2.88 today.

On my way out to Shenandoah Nat'l Park on Friday, I paid $2.75 just 15 miles further out of town from my place.

 

[ibglowin]

$2.69 a gallon Costco in San Antonio, TX

 

[Boatboy24]

We hit $2.67 over the weekend.

Two or three more weeks until prices start going back up. Stock up now!!

 

[Julie]

most around here is 3.19 but on gas station in Butler is at 3.12

 

[jswordy]

We hit $2.67 over the weekend.

Two or three more weeks until prices start going back up. Stock up now!!

Nope, I don't think they will go back up because we are in the annual slack demand time, between now and March. The bottom of the normal price cycle is usually late December or early January. (I know this because I buy my farm fuels then.) This year, due to slowing growth in China and near dead stop in Europe. It could get quite inexpensive in winter.

Chattanooga, TN: $2.68

Huntsville, AL: $2.74

 

[MrsJones]

Canadian here, we're down to $1.01 -- wahoo!

 

[Troll]

$2.55 in south Georgia

 

[jswordy]

$2.65 in Huntsville, Ala.

 

[zimmer2]

$2.98 in Butte Mt last night

 

[ibglowin]

Holy Cow, down to $2.48 at Costco/Sams Club in Albuquerque, NM!

 

[roger80465]

We are down to about $2.80 around Denver, if you shop carefully. What is amazing me is that while gas is dropping, diesel has climbed by $.15 a gallon. Don't understand that one.

 

[richmke]

There's an election coming soon.

Now that the election is over, are pricing going back up?

 

[Boatboy24]

Now that the election is over, are pricing going back up?

Mine went up a penny yesterday.

 

[richmke]

Mine went up a penny yesterday.

Probably because you bought gas in DC, vs the suburbs.