PDA

View Full Version : WTF? Gas prices went up 17 cents in 8 hosrs


KingPriest2
11-08-2005, 11:09 AM
Oil is down . Wholesale Gasoline prices are down

Wholesale Gas is selling for 1.59 and is down
Oil is at 59.07 and is up and down by 8 cents


Can someone explain to me why gas prices
a) went up
b) went so high

Donger
11-08-2005, 11:13 AM
Oil is down . Gasoline prices are down

Gas is selling for 1.5 and is down
Oil is at 59.07 and is up and down by 8 cents


Can someone explain to me why they
a) went up
b) went so high

What?

Saulbadguy
11-08-2005, 11:13 AM
"Supply and demand!!!!!!"


Actually, I have not noticed this.

Cochise
11-08-2005, 11:14 AM
because teh debbils are teh debbil

Saulbadguy
11-08-2005, 11:15 AM
because teh debbils are teh debbil
http://www.cantstopthebleeding.com/img/puddy.jpg
"Cause we're the Devils...AGHHHHHHHHHHHHHHHHhh!"

"El Diablo, el diablo!"

Donger
11-08-2005, 11:15 AM
If I can translate what I think you are trying to say, it's not abnormal for gasoline prices to vary that much around metro areas.

Check this out: http://www.kcgasprices.com/

KingPriest2
11-08-2005, 11:21 AM
If I can translate what I think you are trying to say, it's not abnormal for gasoline prices to vary that much around metro areas.

Check this out: http://www.kcgasprices.com/


I am in Joplin

Donger
11-08-2005, 11:22 AM
I am in Joplin

They're virtually identical to KC metro prices.

Calcountry
11-08-2005, 11:29 AM
Oil is down . Gasoline prices are down

Gas is selling for 1.5 and is down
Oil is at 59.07 and is up and down by 8 cents


Can someone explain to me why they
a) went up
b) went so highSlow down, back away from the keyboard, sip some coffee, and try again please. Your post does not compute.

Donger
11-08-2005, 11:31 AM
I just looked at the 11/7 figures from the Midwest. Prices dropped by over $0.09 since last week to $2.231

KcMizzou
11-08-2005, 11:32 AM
I just looked at the 11/7 figures from the Midwest. Prices dropped by over $0.09 since last week to $2.231Yeah... I paid $1.98 in Gladstone last night.

KingPriest2
11-08-2005, 11:32 AM
Slow down, back away from the keyboard, sip some coffee, and try again please. Your post does not compute.

Fixed just had to add wholesale.

Calcountry
11-08-2005, 11:32 AM
I am in JoplinWere you watching CNBC?

KingPriest2
11-08-2005, 11:33 AM
Yeah... I paid $1.98 in Gladstone last night.


I paid 1.92 and now it is up to 2.09

KingPriest2
11-08-2005, 11:33 AM
Were you watching CNBC?


Why?

KcMizzou
11-08-2005, 11:33 AM
I paid 1.92 and now it is up to 2.09Damn... guess my timing was good.

Donger
11-08-2005, 11:34 AM
I paid 1.92 and now it is up to 2.09

At the same station?

Calcountry
11-08-2005, 11:35 AM
Oil is down . Wholesale Gasoline prices are down

Wholesale Gas is selling for 1.59 and is down
Oil is at 59.07 and is up and down by 8 cents


Can someone explain to me why gas prices
a) went up
b) went so highOil is a raw commodity, such as Wheat is in the making of anything from cookies to flour to dog food.

There are many finished products that are extracted, "refined", from a "barrel" of oil.

The two mathematical functions, price of crude oil, and wholesale price of unleaded gasoline, although are positively correlated, behave independently based on short term supply and demand within their respective markets.

Hope that helped a little. :)

Calcountry
11-08-2005, 11:36 AM
Why?Because, from your post, I couldn't ascertain from what context you were deriving your information.

ptlyon
11-08-2005, 11:37 AM
A watched pot never boils

Donger
11-08-2005, 11:40 AM
Oil is a raw commodity, such as Wheat is in the making of anything from cookies to flour to dog food.

There are many finished products that are extracted, "refined", from a "barrel" of oil.

The two mathematical functions, price of crude oil, and wholesale price of unleaded gasoline, although are positively correlated, behave independently based on short term supply and demand within their respective markets.

Hope that helped a little. :)

I've posted this before, but...

One barrel of crude oil (42 gallons) makes about 19 gallons of gasoline, 9 gallons of fuel oil, 4 gallons of jet fuel, and 11 gallons of other products, including lubricants, kerosene, asphalt, and petrochemical feedstocks to make plastics.

Calcountry
11-08-2005, 11:42 AM
I've posted this before, but...

One barrel of crude oil (42 gallons) makes about 19 gallons of gasoline, 9 gallons of fuel oil, 4 gallons of jet fuel, and 11 gallons of other products, including lubricants, kerosene, asphalt, and petrochemical feedstocks to make plastics.Hey Donger, do you work in the oil industry? If so, what do you do?

If you don't mind my asking, if you do, just disregard the post. :D

Donger
11-08-2005, 11:44 AM
Hey Donger, do you work in the oil industry? If so, what do you do?

If you don't mind my asking, if you do, just disregard the post. :D

I used to.

Cochise
11-08-2005, 11:48 AM
What's a hosrs?

Donger
11-08-2005, 11:50 AM
What's a hosrs?

A silly Canadian.

jspchief
11-08-2005, 11:51 AM
What's a hosrs?You've never seen Strange Brew? Take off, eh.

Donger
11-08-2005, 11:53 AM
You've never seen Strange Brew? Take off, eh.

Hey officer! My brother's drunk!

Am not!

mike_b_284
11-08-2005, 11:55 AM
its a jelly

gblowfish
11-08-2005, 12:02 PM
They'll go up again tomorrow, since all the elections nationwide are today.

htismaqe
11-08-2005, 12:14 PM
I got gas for $1.97 last night.

I was $1.96 this morning, and $1.95 an hour ago.

greg63
11-08-2005, 12:19 PM
Ya didn't think the downward trend would go on forever, did ya?

ptlyon
11-08-2005, 12:21 PM
I got gas for $1.97 last night.

I was $1.96 this morning, and $1.95 an hour ago.

Really? What is it now?

greg63
11-08-2005, 12:40 PM
Really? What is it now?

Where???

Braincase
11-08-2005, 12:50 PM
Oil Company execs got kids to feed, too, damn it.

htismaqe
11-08-2005, 01:14 PM
South side of Des Moines...

Footballhottie
11-08-2005, 01:29 PM
gas costs about 2.99 in buffalo what about u guys down south???

4th and Long
11-08-2005, 05:16 PM
I paid $1.97/gallon on the way home. Must suck to live where you do. :)

CosmicPal
11-08-2005, 05:25 PM
I don't pay for gas anymore. I cut up our garden hose, stuck in the backseat of my car and whenever I get low, I suck the gas out of someone else's vehicle.

I've had to quit smoking since.

Bacon Cheeseburger
11-08-2005, 05:27 PM
Haven't seen it less than $2.09 in Omaha, but after all I do live in The "Tax-Me" State.

Calcountry
11-08-2005, 05:31 PM
Oil Company execs got kids to feed, too, damn it.I have a retirement account to build, and kids to send to college.

Calcountry
11-08-2005, 05:32 PM
I don't pay for gas anymore. I cut up our garden hose, stuck in the backseat of my car and whenever I get low, I suck the gas out of someone else's vehicle.

I've had to quit smoking since.WE should charge you for a windfall profits tax.

Extra Point
11-08-2005, 05:38 PM
Wholesale-to-retail market lag is de Debil!!!

Bob Dole
11-08-2005, 06:38 PM
I paid 1.92 and now it is up to 2.09
So now you're back in line with the rest of us.

Lowest here has been/is $2.01 (Murphy Oil). It's still over $2.20 everywhere in Shreveport (which is only 70 miles south).