Just paid 3.53 a gallon. a few weeks, maybe a month or so ago it was 2.99...
It can tank any day now.
3.59 yesterday ... 3.60 today
Yeah, I’d like to at least see SOME downward movement. Imagine where we’d be without fracking.
same here.
Gas will not go down significantly regardless of the price of crude.
Gasoline is also driven by insane federal regulations, dozens and dozens of different required formulations for different cities. All for the purpose of driving up gas prices.
How is a single refinery supposed to make 59 varieties of gas (contaminated with subsidized ethanol) and deliver as such.
Face it, the feds will regulate out of the cost of gas any improvements that accrue from lower crude prices.
I went out on the National Guard Training Base, Fort McClellan, Alabama today. It was $2.98 there. Went up 3 cents from last week. Most places around here are $3.07 to $3.19.
OUCH. And we were just told that a local refinery that supplies most of the gas in this area was "shut down for maintenance" early. Normally they wait till May. Guess they wanted the price higher.
There is always somebody playing contrarian so that if his prognostications are correct, he will be hailed as a guru. If he is so sure, let’s see some proof from his own accounts where he is shorting the market.
I'm with you though, the prices can go down, it won't hurt my feelings any.....