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Old 04-23-2007, 09:40 AM  
Donger Donger is offline
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Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

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Last edited by Donger; 10-10-2014 at 02:43 PM..
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Old 05-15-2012, 04:21 PM   #3466
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So why is gas a dollar a gallon higher then it was when oil was at the same level early this year?
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Old 05-15-2012, 04:22 PM   #3467
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Quote:
Originally Posted by chasedude View Post
Surprised it keeps dropping with Memorial Day coming up.
Demand actually increased significantly last week (5%) but we're still down almost 4% from a year ago. People are simply not driving as much and/or are driving more fuel-efficient vehicles. Cushing is virtually awash with crude, too.
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Old 05-15-2012, 04:25 PM   #3468
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Originally Posted by stonedstooge View Post
So why is gas a dollar a gallon higher then it was when oil was at the same level early this year?
It isn't a dollar higher.
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Old 05-15-2012, 04:28 PM   #3469
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Originally Posted by tmw4h5 View Post
Are you kidding?
You're joking, right?
LOL

What is better?
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Old 05-15-2012, 04:40 PM   #3470
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Maybe Donger can explain something to me. This is a map of the NE corner of Washington. The nearest big city to us is Spokane (blue arrow).




The lower prices right now in Spokane are around $3.85. I live in the Colville valley (pink arrow). Our prices are 4.19 (every station - all 8 - is exactly the same), so 34 cents higher.

Republic (green arrow) is a little town about 45 miles NW of Colville. You have to go over a mountain pass and wind around the mountains to get there. When I checked last week, they were 4.06, or 21 cents higher than Spokane. How does that happen without shenanigans going on in Colville?
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Old 05-15-2012, 04:40 PM   #3471
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$2.93/ 104.99 on December 22, 2011 compared to the figure you gave of $3.72/93.22. 79 cent difference on oil that is $10 per barrel lower
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Old 05-15-2012, 04:46 PM   #3472
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Quote:
Originally Posted by stonedstooge View Post
$2.93/ 104.99 on December 22, 2011 compared to the figure you gave of $3.72/93.22. 79 cent difference on oil that is $10 per barrel lower
On December 22, 2011 crude was $99.42 and gasoline was $3.20.
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Old 05-15-2012, 04:47 PM   #3473
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Quote:
Originally Posted by Frosty View Post
Maybe Donger can explain something to me. This is a map of the NE corner of Washington. The nearest big city to us is Spokane (blue arrow).




The lower prices right now in Spokane are around $3.85. I live in the Colville valley (pink arrow). Our prices are 4.19 (every station - all 8 - is exactly the same), so 34 cents higher.

Republic (green arrow) is a little town about 45 miles NW of Colville. You have to go over a mountain pass and wind around the mountains to get there. When I checked last week, they were 4.06, or 21 cents higher than Spokane. How does that happen without shenanigans going on in Colville?
You are asking why prices tend to be higher out in the boonies compared to major metro areas?
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Old 05-15-2012, 04:50 PM   #3474
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Quote:
Originally Posted by Donger View Post
On December 22, 2011 crude was $99.42 and gasoline was $3.20.
Kansas City area, although I can't tell you why the barrel of oil price is different. KC usually has some of the lowest priced gas in the country
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Old 05-15-2012, 04:50 PM   #3475
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Quote:
Originally Posted by Donger View Post
You are asking why prices tend to be higher out in the boonies compared to major metro areas?
No, I'm asking why a town even further out in the boonies (but not in the same area) is 15 ****ing cents a gallon cheaper than here.
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Old 05-15-2012, 04:55 PM   #3476
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Originally Posted by Frosty View Post
No, I'm asking why a town even further out in the boonies (but not in the same area) is 15 ****ing cents a gallon cheaper than here.
I'm not sure where you are getting your data but the price right now is the same in both towns: $4.19
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Old 05-15-2012, 05:02 PM   #3477
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Originally Posted by Donger View Post
I'm not sure where you are getting your data but the price right now is the same in both towns: $4.19
Um - physically going there. Where are you getting your data? It sounds like they are just lumping the whole area together. Republic consistently runs .10 -.15 per gallon cheaper than Colvillewhen I'm there.
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Old 05-15-2012, 05:06 PM   #3478
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Um - physically going there. Where are you getting your data? It sounds like they are just lumping the whole area together. Republic consistently runs .10 -.15 per gallon cheaper than Colvillewhen I'm there.
Sorry, I looked at the wrong town. Oroville instead of Republic. Gas in Republic is $4.14 right now.
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Old 05-15-2012, 05:10 PM   #3479
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Originally Posted by Donger View Post
Sorry, I looked at the wrong town. Oroville instead of Republic. Gas in Republic is $4.14 right now.
Is there something about distribution that could explain why a dinky town in the middle of nowhere has cheaper gas than a different rural town that's on a major by-way? There isn't really an easy way to get to Republic, unless the fuel is coming in by train or something.
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Old 05-15-2012, 05:13 PM   #3480
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Is there something about distribution that could explain why a dinky town in the middle of nowhere has cheaper gas than a different rural town that's on a major by-way? There isn't really an easy way to get to Republic, unless the fuel is coming in by train or something.
I doubt it's a distribution thing. Don't forget that retailers can and do set their owns prices (for the most part). The retailers in Republic might set their prices lower respective of each other than compared to the other town. If one station in Republic suddenly sets their price five or ten cents higher than the other stations, people will go to the other stations.
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