Posted on 08/18/2011 1:26:29 PM PDT by Fedupwithit
OK, with oil now trading at just a bit over $81.00 a barrel after today, when is the bottom going to fall out of these gas prices? In New Hampshire today, I just paid $3.65/gallon today.
According to NYMEX.com, the price of RBOB is $2.78/gallon. It seems to me that gas should be somewhere around $3.35/gallon, unless I am missing something.
Anyone have any insight on this?
we are at those prices in Va. look into your taxes.
They run out and change those price signs as soon as any spike in the price of oil goes up.
Unfortunately, when prices drop, it’ll take a week or more before you probably start to see any decrease at the pump...
3.35 here in Indy also
Northeast US is always higher, no?
Your tariff for having elite neighbors.....
$3.67 to $3.80(s)..Sacramento
$3.79 to just under $4 ..greater Los Angeles area
(we are on “summer blend”)
I drove from Florida to Connecticut a few days ago. The best price was in Virginia and South Carolina. 3.29. Paid over 4 dollars in Connecticut.
In NW Ohio we have seen gas drop to the level you mentioned, or even lower, in the past 24-48 hours. Saw $3.31 today for regular unleaded.
Gas has gone down 20 cents per gallon in the past week in TN to $3.29 in about half the gas stations.
http://www.newhampshiregasprices.com/tax_info.aspx
It says NH gas prices, but it actually lists all of the states...
Tucson, AZ has had the lowest nation-wide average for a couple of months now and I think they're at $3.219/gallon.
Hussein wants more taxes, says Big Media.
He also wants high gas prices.
its a simple matter of good business that they keep the price high.
When you have a business you need to stay in business. To do so means that when you sell your product, that you have enough money to pay your employees, pay your bills (rent, power, taxes, etc), and to pay to restock your business.
Right now with the market being so crazy their wholesale cost to resupply may spike any day. If they sell the gas for cheap and then dont have enough money to buy new gas when the wholesale cost goes up, they will loose money. They will then have to make up EXTRA gross to catch back up on the net.
Also keep in mind that gas stations dont necessarily buy gas every day, especially in the higher grade fuels.
we have the “blend” also just look at your gas cap for those those dark spots. Mold and such, wonder why ethanol blends suck?
As someone else said, gasbuddy.com is a really good resource. I’ve saved around 20 cents/gallon just by shopping around a bit.
I saw $3.58/gal in Lebanon, OR a little while ago. Gas has come down more than 10 cents in a couple of days.
I believe most gas station owners buy their supply in advance. It usually takes about two weeks for a drop in price to take effect at the pump because of the lag. A good useful estimate is that every $1 drop in oil translates into a 3-cent drop at the pump.
Gasoline stocks are reportedly low. That impacts the pump prices more immediately than the price of a barrel of oil.
Is it just me or when oil prices are jumping up from day to day it sure seems to me the gasoline prices jump right with them with very little lag.
And RBOB prices are before taxes. That's the wholesale price, probably FOB at the source.
Lots of local variations. Here in central Texas we're at an average of $3.35 but we're semi-close to a lot of refineries.
$3.29 in Columbus.
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