Posted on 05/05/2015 4:35:05 AM PDT by thackney
Cuz they always rise??
Except when they fall.
Any big money “revealing” what they are doing is telling a lie. Hide and watch, wait and see.
Six months ago, diesel was almost a dollar more than regular gas. Now it’s a little cheaper than it was, but it is roughly the same price as regular gas. At least it was on my drive yesterday from Chicago, through Indianapolis and Louisville.
I don’t know what that means, other than there is apparently the usual manipulation going on.
We can’t have a breather for the little people last too long, can’t we? s/
What’s the price that spurs the completion of the number of un-fracked wells?
If you consider demand for distillates (diesel, fuel oil) is higher in winter, higher still in colder than normal New England winters, manipulation....
Do you think oil companies like gasoline consumers more than diesel consumers so they gave them a break?
Higher prices will result in more wells completed, lower prices will result in less.
There is no single magic number. The cost of completion and the break even cost vary by field and even locations in the same field.
I noticed that yesterday here in northern AZ. Diesel was 2 cents cheaper at 2.67. Seems like it happened overnight
This year was a recent anomaly. I’ve lived in central KY now for four years and have watched diesel because with my 120+ mile round trip commute I was considering a diesel car and realized that the diesel was expensive enough to more than ruin any savings from better fuel mileage. Winter, spring, summer or fall.
But now it’s the same price as regular.
On a side note, when I was a kid in the 60’s (and early 70’s) it was always a given that gas was more expensive in small towns and rural areas than it was in the city. Now it’s the opposite. I guess if you are gonna want to over-charge people, you want to overcharge the most people.
It is supply and demand. More people with fewer sites per capita available. Not to mention the property cost/rent downtown versus a rural location
It is supply and demand. More people with fewer sites per capita available. Not to mention the property cost/rent downtown versus a rural location
That last sentence is my point. Something changed.
It is supply and demand. More people with fewer sites per capita available. Not to mention the property cost/rent downtown versus a rural location
Everything else is more expensive, and why we do our shopping for “big” stuff in the city now. (i.e. Costco).
In some rural places, it still is more expensive. Where located far from refineries, terminals, little traffic and little choices for other stations, it can be quite high. But those tend to extreme places, complete with the “last gas for 100 miles” sign, even if not true.
I haven’t experienced the reversal you speak of.
Yes, there is a station at Ross Lake in Washington state that gouged the heck out of me. We’re tlakin’ over $2 a gallon when the average price was $.89. But like you said, it was REALLY out of the way and it was either there or grab a gas can and walk a long ways.
While were on the subject, I noticed where I now live, KY, the gas prices have a predictable pattern, the likes of which I’ve never seen before. In Seattle (my home for 45 years) gas would go up a penny or two, and go down a penny or two. it was like an undulating ocean surface. If prices were making a big change in one direction or another over a long period, the “ocean surface” would slant up or down, but it was relatively gradual.
Here in KY, It’s a sawtooth. It goes down gradually. A penny here, two cents there. But it goes up like a rocket. I’ve actually seen, with no news whatsoever to justify it, the price go up as much as $.47 in a single day. And it’s not a station here or there. I would drive out of town (Etown at the time) and gas was $3.15 at every single station, regardless of brand. And then go to work the next morning and every single station was at $3.54. All brands.
People tall me it’s always been that way.
And Chicago has always been corrupt. That don’t make it right.
If you look at the record of hedge funds the last five years, you’d take their advice with a big chunk of salt.
Bingo! Hahaha... Rocket science!
Gas is creeping back up for sure.
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