Oil sinks to six-month low amid weak data, slump in gasoline

ca.news.yahoo.com ^ | 08-03-2015 | By By Barani Krishnan

[sheana]

I just paid $3.70 gal to fill up.

[central_va]

93 octane?

[SGCOS]

Would have been easier to read and understand if printed as:

"Consumers who actually pump the gas into their gas tank are still taking it in the shorts with the price of a gallon of gas"

[Eva]

CONOCOPHILLIPS, however was moved to BUY and given an A rating

[cicero2k]

Gas here in the Rome/Oneida area of New York State is between $2.72 and $2.82 a gallon.

It is pretty bad when California makes New York State look good.

$4.00 is typical here.

[thackney]

It has fallen to $2 in Texas

http://www.texasgasprices.com/

[sheana]

I have a Jaguar. Runs nothing but premium. :(

[Eric in the Ozarks]

$2.40/9 in mid-Missouri.

[MarchonDC09122009]

Have no fear - an extended oil glut won’t result in excessively low gasoline and fuel oil prices for long.
US / UN world gov’t / Agenda 21 likely to take the opportunity to implement planned carbon taxes in order to save us from climate threatening over consumption.

Perfect time to harmonize USA petrol prices with EU country prices, thereby leveling the economic playing field to better facilitate one world currency EU = $.

http://www.eia.gov/beta/international/prices/gasolinewithtax.cfm

[shotgun]

On August 1st by 7 cents here in Washington State but that was because the gubmint wanted more money...

[Teacher317]

How does that work? GasBuddy.com tracks prices consumers have already seen at the pumps

I believe that it simply looks for sudden drops or increases (over a few cents) in a region. Not every company or station changes at the same time. There's often a 1-3 day lag for many to change, so when a sudden significant change happens, you can reap the benefits at a lagging or leading station. That's my guess, anyway.

(I often look on the gasbuddy.com map, and slide over to OKC, usually among the lowest in the US. There are stations there right now at 2.03... and others over 2.40)

[nascarnation]

Yes but you get the smug value of having state Cap & Trade to save the rest of us from globull warming!

[PAR35]

Where is the FR ‘Peak Oil’ contingent these days?

For those who look at the numbers seriously, one of the most remarkable things over the last few months has been the closing up in the spread between WTI and Brent.