Posted on 09/11/2015 6:15:39 AM PDT by blam
I paid $1.99 for the first time in years yesterday.
$1.91 regular in Jersey last weekend
$3.17 the cheapest I can find in Chula Vista (San Diego).
Prices here are in the $1.85 range, and have been dropping regularly lately. I won’t be surprised if they hit $1.50 later in the fall, even if oil prices remain where they are. If they go lower, well, that would awesome!
I fully expect to see WTI at $30/bbl.
I always find it to be interesting how slowly gas prices come down as related to oil prices, given how quickly they rise on the same basis.
Actually their prediction is more than double this possible short-term low-point that Business Insider chose to focus on.
Goldman Sachs report was clear this was a prediction for $20, but a possible but unlikely transition point.
>> The surprise is the recent decline in the price of diesel.
Yeah. PLEASANT surprise.
This could work for everyone.
.
And gas prices will still go up. Sigh....
Usually Colorado is pretty good, but we are stuck at 2.70-2.80
And gasoline will remain at $2.50...
...
Motor oil at Walmart hasn’t budged either.
Venezuela will collapse if that happens.
Yep and that will just further drive down prices since the supply will increase.
One would think, but oil prices have crashed recently and gas prices here are unchanged to up slightly. My point was a drop in oil unfortunately does not correlate as closely to a drop in gasoline prices and one might think
I get your point and agree with it 100%.
Guess I was looking for the silver lining.
Technically, the oil companies could charge $100 a gallon, but then it not move like it would with $1 a gallon.
For the record, if it correlate like it should in a real free market, then gas would be around .55 cents a gallon.
I bought gas at $1.84 yesterday.
$1.87 DFW metro. What is truly weird is that the cash price is higher than the credit price by several cents. Total reversal from the old days. War on cash?
Crude, refining, and distribution/transport would have to be essentially free.
The average fuel tax is above 50 cents.
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