Posted on 05/18/2012 8:21:16 PM PDT by Reality_News
Does anyone here have any insight of what is going on with the weekly drops in gas prices? Can we expect gas to finally drop below $3.00 a gallon before summer? Over the last few weeks,gas prices have been dropping a penny or two daily.Fox News mentioned that the demand in China has finally slowed down.What are the gas prices in your town? Lowest in Naples,Florida is $3.49.
California is always messed up when compared to the rest of the nation.
On a more serious, or perhaps just a more specific note, you guys are your own market in CA, and perhaps there are other factors at play, like refinery capacity.
I was thinking it was the summer formula switch or the summer driving season commencing. It was sure a huge hike, though. I was paying under $4 a couple weeks ago, now it’s up to $4.30 or higher.
Ouch. I’m ATL-area, and don’t think I’ve paid more than $4.10 or $4.15, and that’s for 93 octane premium, which you guys generally can’t get, having to make do with your 91 “craptane”.
It’s nicely under $4 now.
Kennewick, WA. Costco $ 4.02. 5/18/12
“and just watch the leftist baffoons start assuming that Obumma will now win the election because gas is back to 3.00 a gallon. NOT !!!”
By July 4th, gas will be 2.50 a gallon. Obama needs people traveling again. He needs us to have the feeling things are better. Food prices down, shipping costs down which means some jobs created.
Then the media will declare how the energy companies caved because Obama held them off.
Hmmm hmmmm hmmmm
I wish they would fall, they have gone up 25 cents a gallon in the last 4 days here!
Now $4.28 for self serve regular!
The fact is speculation and banking is a large part of this. Market conditions have not caused prices to quadruple in a decade and prices at $3-$4 are simply unsustainable. I know this isn’t considered the “conservative” stance and the lack of domestic drilling has been a part of it, but not to this level. Commodities and related derivitives have been used to hedge against mortgages and debt.
$4.19 in Colville,Wa.
I'm going to disagree, there, Aside from octane rating.
I'm in North Dakota, and in winter, what works in Texas just might not work here. Non-ethanol blends can have a little added as a drying agent to keep ice out of fuel lines, but put everyone at E10 or E15, and fuel systems are going to suffer.
No.1 Diesel up here in the winter, not No.2, or you'll be gelled up on the side of the road.
Let the FedGov set one standard, and everyone will either pay more or the fuel won't work.
Regional standards make some sense.
What's your state fuel tax? That may be spanking you as well.
Gas on the entire west coast is going up due to “refinery issues”. $4.20 for the cheap stuff in Western Washington.
No need for the Republicans to attack President Obama at all. Just replay all of the ridiculous promises he made during his first run for the presidency and then compare them to the present reality. Then when he starts whining that he couldn’t have forseen the economic crisis, time date stamp the promises he made after the crisis started. It would have been the perfect time to pare back his promises, but instead he steeped them up. Let his own words be his own worst enemy.
I’d be happy to pay more for gas if it helps this nation end its experiment with communism......And I hope against hope that conservatives quit referring to unemployment as 8.1 percent, without emphasizing that it’s dropped only because millions have given up looking for work.
Good news for Texas today - unemployment now at 6.9%, they say because of increased construction so that means the Mexicans are working again. Gas in Houston suburbs $3.40 to $3.45, $.10 to $.30 higher in the city though. A month ago I paid $3.29 for regular in Guthrie, Oklahoma. Wished at the time that I had a spare 100 gal tank with me.
The domestic supply of crude is at a 10-year high and OPEC members are routinely exceeding their quotas. The market is well supplied with crude, but there is another important factor: Expectation of a future supply disruption (such as might be caused by Mid-East war) is supporting the price of crude.
That said, consumers don’t buy crude. They buy products, such as diesel and gasoline. To be well supplied with products, we must have sufficient refining capacity in use. We’ve lost a substantial amount of East Coast refining capacity in the last 4 or 5 months.
All that said, there’s good reason to think that crude may decline another 20% and gasoline prices will follow (more or less). If Israel bombs Iran, all bets are off.
That’s what the hokey pokey is all about!
Some data for Arizona and US averages here...
Right... going up day by day here in Cali. Driving back from tradeshow in Vegas and gassed up in Baker... $4.79!
We’re paying $4.45 for premium in central CT....It’s been ages since I *filled* my tank. [3.93-4.09 Reg] ;(
Will welcome *lower prices* ...but they have been going up.
OUCH!!
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