Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab-PART DEUX

[scho63]

The original thread was closed due to size so this is the second coming of a very nice topic.

Today oil popped below $34 a BARREL and will be in the $20's pretty soon unless Saudi Arabia and Iran start a war.

Oil is at an 11 year low

Gas has been stubbornly holding higher prices that should be much lower, somewhere around $1.35 -$1.60 a gallon based on location.

Brent and WTI have been trading at roughly the same price since the US lifted our ability to export oil.

That is all for now!

[ChiliConCarnage]

Isn't the below thread, part DEUX? Are you trying to go over Dongers helmet?!

http://www.chiefsplanet.com/BB/showthread.php?p=11967910&highlight=gasoline+at+%244#post11967910

[lewdog]

$1.91 here and has been for months.

WTF is the deal?!?!

[Why Not?]

$1.91 here and has been for months.

WTF is the deal?!?!

$1.89 here. You live on the wrong side of town

[Hydrae]

I just paid $1.65.9 for gas. Could have gotten it as low as $1.61.9 but not worth the 5 mile drive.

[threebag]

I get $1.00 off per gallon with my plus card at Dillons

[lewdog]

$1.89 here. You live on the wrong side of town

I live on the wrong side of town for $.02?

At least my side of town doesn't try to stop a country bar from going in because the majority of residents are tight asses!

ZING

[scho63]

Isn't the below thread, part DEUX? Are you trying to go over Dongers helmet?!

http://www.chiefsplanet.com/BB/showthread.php?p=11967910&highlight=gasoline+at+%244#post11967910

WHAT THE HELL DID I DO???

I used the search function and didn't see that come up and I just posted in it not to long ago. I'm bad and I need to either delete this thread or merge it onto the back of Donger's.

I know I saw a Gas thread that was closed.

:banghead::banghead:

:$2500::$2500:

[Coach]

I believe it jumped .20 cents today here in KC.

It was 2.36 this morning, and when I came home, I noticed it was 2.56....

Brace yourselves....

[BlackHelicopters]

$2.31 here. Up from $1.99 one week ago.

[Ming the Merciless]

$2.85-$3.00 in SF bay area

[Hydrae]

Not only jumped here in Austin but there are several stations are out of unleaded. Lines into the street at the most expensive stations that normally don't sell a lot. The stations can't get any deliveries so when the tank runs dry, that is it.

Reminds me of the gas lines in the early 70's. I was a kid but I remember the odd/even days to fill up and all that. Hopefully this doesn't last very long.

[jjchieffan]

Jumped from $1.94 to $2.29 here.

[007]

No it didn't -Donger

[JDKinman]

Buddy of mine in Port Arthur said some of the refineries are running slow due to employees not being able to make it to the rigs because of the flooding. Plenty of gasoline--just not enough people to get it from the tanks to the tankers and out of the flood zone areas the refineries are located in.

Might sting for a few days, but this is a very short-term issue.

JD

[Bugeater]

Oh yes, a storm. Any reason to gouge the American public.

[lewdog]

Oh yes, a storm. Any reason to gouge the American public.

It really is pretty much shit that they do this. Plenty of oil reserves. Not like these factories are going to be down for a long time. But nope, let's gouge the American consumer on speculation that gas availability will be limited because of this flooding! They have to believe it!

[displacedinMN]

It sucks. Just means they need to open up Bakken and put Dakota pipeline into full flow. The unfortunate part is lack of refining.

[Bowser]

Don't let any catastrophe go to waste without fleecing the common man, eh Donger?

[PutQuinnIn]

$2.67 here in L.A., up 2 cents from last week.

[thabear04]

$2.67 here in L.A., up 2 cents from last week.

Up 14¢ where I'm at.

[sportsman1]

$2.50 on my way home today, up from $2.39 this morning. Most stations in my neighborhood are out of gas. We'll see what happens in the coming weeks.

[displacedinMN]

Up almost 20 cents here in a week. 2.44 And we have our own refinery and get most of the oil from Canada.

[BigRedChief]

This is a temporary spike. The government already released 500K barrels of oil out of the strategic reserve that stabilized the market spike. I'm sure big oil would love prices to go up but there is no market for that to happen.

[Donger]

Oh yes, a storm. Any reason to gouge the American public.

LMAO

[Donger]

Don't let any catastrophe go to waste without fleecing the common man, eh Donger?

That's even funnier.

[mnchiefsguy]

LMAO

There is some truth to it. They should be a price spike delay, as the fuel already at the pumps had been purchased at a lower price....when oil price goes down, prices never go down right away, the excuse being that the fuel in the pumps was paid for at a higher price and needs to be sold first.


Fuel pricing is the worst racket out there. Collusion is rampant and always has been.

[Donger]

There is some truth to it. They should be a price spike delay, as the fuel already at the pumps had been purchased at a lower price....when oil price goes down, prices never go down right away, the excuse being that the fuel in the pumps was paid for at a higher price and needs to be sold first.


Fuel pricing is the worst racket out there. Collusion is rampant and always has been.

What you are being charged at the pump is actually the replacement cost. That's all been covered before in the big thread.

[cooper barrett]

There is some truth to it. They should be a price spike delay, as the fuel already at the pumps had been purchased at a lower price....when oil price goes down, prices never go down right away, the excuse being that the fuel in the pumps was paid for at a higher price and needs to be sold first.


Fuel pricing is the worst racket out there. Collusion is rampant and always has been.

Back when AMOCO was around the gas in the tanks was AMOCO's property, you paid for it as you pumped it. Amoco owned the land, the tanks everything. I do not know how BP does it now.

Now what you say is very true, they put it in the tank and the station owns it.

I just wonder if companies like QT buy X gallons at set price as a way of hedging price increases.

[cooper barrett]

There is some truth to it. They should be a price spike delay, as the fuel already at the pumps had been purchased at a lower price....when oil price goes down, prices never go down right away, the excuse being that the fuel in the pumps was paid for at a higher price and needs to be sold first.




Fuel pricing is the worst racket out there. Collusion is rampant and always has been.

Gas in southern central IN is $2.47 up a dime.

Back when AMOCO was around the gas in the tanks was AMOCO's property, you paid for it as you pumped it. AMOCO owned the building, the tanks, the gas. I do not know how BP does it now.

Now what you say is very true, they put it in the tank and the station owns it.

I just wonder if companies like QT buy X gallons at set price as a way of hedging price increases.

[gblowfish]

Sugar Creek, just to the north of where I live, still has major gasoline storage tanks. Massive capacity. It was originally part of the Amoco oil refinery, now it's owned by BP. Trucks for many different gas stations go there to fill up. That's another thing. There really is no difference in additives or blends or whatever. Trucks for BP and many other brands fill up there. Gas went from $2.17 to $2.59 here in Independence in four days.

[Donger]

Gas went from $2.17 to $2.59 here in Independence in four days.

As it should.

[Bowser]

As it should.

<iframe width="560" height="315" src="https://www.youtube.com/embed/_zFgkJ-ymhQ" frameborder="0" allowfullscreen></iframe>

[Donger]

<iframe width="560" height="315" src="https://www.youtube.com/embed/_zFgkJ-ymhQ" frameborder="0" allowfullscreen></iframe>

LMAO

Sorry, but it is funny. Massive supply disruptions should not lead to an increase in prices?

[cooper barrett]

"Sugar Creek, just to the north of where I live, still has major gasoline storage tanks. Massive capacity. It was originally part of the Amoco oil refinery, now it's owned by BP. Trucks for many different gas stations go there to fill up. That's another thing. There really is no difference in additives or blends or whatever. Trucks for BP and many other brands fill up there. Gas went from $2.17 to $2.59 here in Independence in four days.

No it's not! It is owned by Buckeye Partners and they operate the terminal. Yes BP does send their gas shipments there but so do many other companies. All the terminal does is move proper product to proper shipping container/tanker.

Each company then adds whatever additives they want to enrich the blend such as QT's top teir additive:

Does this tell you anything? From Top-teir's website: Contact your fuel supply terminal to inquire about available TOP TIER™ detergency formulations and from which additive company...."

[Bowser]

LMAO

Sorry, but it is funny. Massive supply disruptions should not lead to an increase in prices?

No. Fuck petroleum conglomerates. Power to the people.


But honestly, we've already reached "massive" with the supply disruptions?

[Donger]

No. **** petroleum conglomerates. Power to the people.


But honestly, we've already reached "massive" with the supply disruptions?

LMAO

I haven't been following it that closely, but my understanding is that one of the largest refineries in the country is completely down. So, yes, that's massive. And again, the cost you pay at the pump is the replacement cost of what the station is going to to have to pay. They know that their costs are going to go up, so they are raising the prices. I'm sure the wholesale price of gasoline has also risen, again for good reason.

[mnchiefsguy]

What you are being charged at the pump is actually the replacement cost. That's all been covered before in the big thread.

Then when oil drops, the price should go down immediately as well, but it doesn't---the excuse being that the stations have to sell off the more expensive gas that they bought first.

Can't have it both ways....there is clearly collusion between oil companies and gas stations. It is just a part of life.

[Donger]

Then when oil drops, the price should go down immediately as well, but it doesn't---the excuse being that the stations have to sell off the more expensive gas that they bought first.

Can't have it both ways....there is clearly collusion between oil companies and gas stations. It is just a part of life.

I've explained the reasons why gas jumps faster than it drops in the other thread. I'd rather not repeat myself, but it has nothing to do with collusion or gouging.

[lewdog]

Donger continues to be the source of little factual knowledge.

Do you also believe the earth is 6,000 years old? Asking for a Chiefsplanet friend.

[PutQuinnIn]

$2.67 yesterday, $2.75 today.

[Donger]

Donger continues to be the source of little factual knowledge.

Do you also believe the earth is 6,000 years old? Asking for a Chiefsplanet friend.

I beg your pardon? You are suggesting that I'm not rather familiar with the workings of the industry?

[lewdog]

I beg your pardon? You are suggesting that I'm not rather familiar with the workings of the industry?

I'm more concerned with your thoughts on a 6,000 year old earth to be honest. For a Chiefsplanet friend.

[Athis]

$2.25 in New Orleans

[Bugeater]

Then when oil drops, the price should go down immediately as well, but it doesn't---the excuse being that the stations have to sell off the more expensive gas that they bought first.

Can't have it both ways....there is clearly collusion between oil companies and gas stations. It is just a part of life.
No, the excuse is that the gas station owner has boat payments to catch up on.

[cooper barrett]

No, the excuse is that the gas station owner has boat payments to catch up on.

More like mistress's Mercedes payments to cover...

[oldman]

I paid $2.32 Friday, up 28 cents from when I filled the wife's car last Sunday. Some of the variance in prices are due to to local taxes. We get our product from the same place as most of the stations in western Wyandotte County (KCK) and they were at $2.43 in Thursday. Another thing to note is that it's Labor Day weekend.

[Easy 6]

Its been $2.39 for the last few days, fully expect it to hit $2.50 or more very soon

[Discuss Thrower]

I don't know about you, but I am quite fazed by rising tab.

[Spott]

Damn, left town for Miami on Tuesday and gas was 2.25, got back on Friday and it was 2.59. Fucking pricks.

[BlackHelicopters]

Got lucky yesterday. Paid $2.15 at Sams Wholesale club. Other stations around here are $2.47.

[Bugeater]

Now bending us over for the holiday weekend as well.

[PutQuinnIn]

$2.85 today, hoping the prices back off later this week.

[Frazod]

It's around $2.55 here now. I assume it will come down a bit after Monday.

[Bugeater]

Getting ass raped in Tourist Central, CO.


Go fuck yourself Donger.

[cooper barrett]

If I thought like the rest of the people all warped out over gas prices going up $0.25-.035. I wonder what I would do if something serious happened. Like my local microbrewery(s) raising prices a half buck a beer.



The price increase of .34 cents a gallon to fill a 20 gallon tank is $6.80. Less than a pint of decent swill at the brewery or a single Jameson's whiskey at the dive joint.

A price increase of $0.50 for a 16oz pint is $4 a gallon.

Like I said.. I worry about the cost of beer, not gasoline as it's cheap in comparison.

[Donger]

Getting ass raped in Tourist Central, CO.


Go **** yourself Donger.

LMAO

Welcome to Colorado, though! Enjoy!

[Hydrae]

Another 20 cent jump overnight here in Central Texas. Before Harvey we were at $1.99.9 not we are at $2.59.9. That is a 30% jump in just over a week when the news keeps telling us that the only issue was with deliveries. Deliveries should be a much smaller issue as the floods recede.

[cooper barrett]

We went down to 2.42 in central IN

[crayzkirk]

And the airlines are still charging for baggage due to the high fuel costs. Interesting how most industries never back off of a price hike due to cost of materials once the cost has gone down. A bit like those 1/4 cent taxes that keep getting added for infrastructure improvements that never seem to get done. Oh well, even $2.50 gas is cheap compared to what it was just a few years ago.

[scho63]

$2.09 - $2.49 Throughout the greater Phoenix-Scottsdale-Mesa-Tempe area.

[Bugeater]

LMAO

Welcome to Colorado, though! Enjoy!
Think I paid $2.89 to top off the car in Silverton this morning but I don't really even care. I fucking love it here.