Michigan legislative action thread
Posted on 01/17/2016 2:39:03 PM PST by Jhadur
I live a half hour away and it's $1.77. Just got word from a friend. Check it with Gas Buddy.
My guess is data entry error.
No, I’ve seen the pix. Three stations below $1. They’ve been having a gas war for about 8 months.
Found it this morning on Beltway feeder just south of Houston this morning for $1.42. While I really appreciate the low prices, couple of my neighbors were laid off last week because of it. Would rather pay $2.00 +gallon if it meant they would still have jobs.
$1.37 to $1.47 in nw Arkansas. It was in the $1.50 range just a few days ago.
The $1.37 is at a newly opened convenience store, so it may be a way of introducing people to the store.
Around $3.00 where I live in California.
When I was traveling about the Southland in the mid eithties Southeast or Southwest Arkansas always seemed to have the cheapest gas by a lot. Stations in Arkansas advertised at the border with BIG signs.
$1.79 here.
Two out of the last four times I filled my 25 gallon tank, I paid under $1.00/Gal. with my CUB (Minnesota) coupon.
It’s about $2.40 to $2.60 here in the south Bay Area depending where you buy it.
Its about $4.00 a gallon here in Mexico. State owned PEMEX is doing well to charge Mexicans..who don´t seem to mind at all.
Well donkey carts are famously thrifty on gas, after all.
I drove quite a bit in NE Oklahoma in 1973. They were in an almost permanent gas war. I always paid between 15-cents and 18-cents per gallon. The gas war ended at the end of 1973 and was never that low again.
In Arkansas and Missouri at the same time, the prices were in the 25-cent to 35-cent range.
Gas has been going up the last three weeks in the San Jose, Calofornia area. It bottomed at $2.50, now up to $2.65. Those Michigan prices sure sound great!
Too few customers for the suppliers who counted on high oil process to continue to fund their skyscrapers, indoor ski slopes, and foreign intrigue.
If the oil price drops, they have to sell more (at less demand) to keep the same income. More oil pumped = lower prices. Lower prices = I need to pump more oil. Self defeating spiral.
"Where is that woman who started saying 'Drill, baby, drill'. It's her fault! "/S
At Mizzou in 1971-1973, we paid mid 20 cent range. Bottomed out at $0.19. That’s equivalent to $1.10 today, so today’s bottom prices are in the right ballpark.
My favorite station was the first-ever self-service station in Columbia — “U-Pump Ethyl.” I always wanted to meet Ethyl.
Here is a link to the wholesale price:
http://www.cmegroup.com/trading/energy/refined-products/rbob-gasoline.html
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