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Gas price down to

Da-TankDa-Tank Member Posts: 3,718 ✭✭
edited May 2006 in General Discussion
$2.68 here in Russellville Ky. Guess some body is starting up the price war again. God loves a good gas war. I know I do.
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Comments

  • MossbergboogieMossbergboogie Member Posts: 12,211
    edited November -1
    well that depends seems the war is here with consumers and corporations and congress is caught right in the middle bout time
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  • sig232sig232 Member Posts: 8,018
    edited November -1
    Oil companies are under pressure again from Congress so they will let is slide down a little.
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  • MossbergboogieMossbergboogie Member Posts: 12,211
    edited November -1
    I dont think this will slide i think we have reached a turning point. This country is under going a revolution. our energy use will change because of this.
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  • Warpig883Warpig883 Member Posts: 6,459
    edited November -1
    The oil companies don't set the price. Demand from consumers sets the price.
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  • LowriderLowrider Member Posts: 6,587
    edited November -1
    $3.18 for regular yesterday here in good ol' western Washington.
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  • KSUmarksmanKSUmarksman Member Posts: 10,705 ✭✭✭
    edited November -1
    gasoline futures slid to $2.00 per gallon after news of inventories building and quite probably because traders were nervous about the price fixing investigation. Futures topped out at $2.20 a couple weeks ago.
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  • DarkStar11DarkStar11 Member Posts: 1,557 ✭✭✭
    edited November -1
    Still about 2.95 in the Dallas area
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  • LowriderLowrider Member Posts: 6,587
    edited November -1
    "...gasoline futures..."


    What does that mean to us idiots who don't speak Wall Street? [:D]
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  • KSUmarksmanKSUmarksman Member Posts: 10,705 ✭✭✭
    edited November -1
    quote:Originally posted by Lowrider
    "...gasoline futures..."


    What does that mean to us idiots who don't speak Wall Street? [:D]


    I'm trying to figure that out myself actually [:(]

    all I know is when futures go up, retail follows quite rapidly. Basically the oil companies can't set prices, the traders on the mercantile exchange do so through "futures". I am very much confused about this whole process because to me it seems like they are making money out of thin air.
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  • duckhunterduckhunter Member Posts: 7,687 ✭✭✭
    edited November -1
    $2.71 in York Nebraska
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  • n/an/a Member Posts: 168,427 ✭
    edited November -1
    Got it for $2.57 in South Carolina today
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  • bgjohnbgjohn Member Posts: 2,275 ✭✭✭✭✭
    edited November -1
    $3.12 9/10 in Phoenix. And people are lined up to buy it.
    JM[:(!]
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  • Daddie_TomDaddie_Tom Member Posts: 824 ✭✭✭✭
    edited November -1
    Oil companies have "conditioned" us to think $2.50 is cheap gas.[:(!][:(!][:(!][:(!]
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  • Daddie_TomDaddie_Tom Member Posts: 824 ✭✭✭✭
    edited November -1
    There is a place by my work that is always the highest. It is $3.00 right now and just down the street it's $2.74. BUT people are always at the higher one. Go figure??
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  • hawkeye6020hawkeye6020 Member Posts: 2,517 ✭✭✭✭✭
    edited November -1
    2.75 - south central KS
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  • AlpineAlpine Member Posts: 15,092 ✭✭✭✭
    edited November -1
    $2.70 at Costco in Boise.
    ?The problem with socialism is that you eventually run out of other people's money.?
    Margaret Thatcher

    "There are three kinds of lies: lies, damned lies and statistics."
    Mark Twain
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  • kristovkristov Member Posts: 6,633
    edited November -1
    $3.599 for premium at my Chevron station yesterday and that price is not the highest I've seen around here.
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  • CA sucksCA sucks Member Posts: 4,310
    edited November -1
    3.15 here, down from 3.21
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  • willdallas2006willdallas2006 Member Posts: 285 ✭✭✭
    edited November -1
    quote:Originally posted by Daddie_Tom
    There is a place by my work that is always the highest. It is $3.00 right now and just down the street it's $2.74. BUT people are always at the higher one. Go figure??


    I saw that exact same situation when I was getting gas this morning. My normal station had a line to get gas for a dime a gallon more than the place that I ended up filling up at, which had 2 cars.
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  • MossbergboogieMossbergboogie Member Posts: 12,211
    edited November -1
    quote:I saw that exact same situation when I was getting gas this morning. My normal station had a line to get gas for a dime a gallon more than the place that I ended up filling up at, which had 2 cars.

    Would that other one been a moble
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  • warriorsfanwarriorsfan Member Posts: 1,061 ✭✭✭✭✭
    edited November -1
    quote:Originally posted by Warpig883
    The oil companies don't set the price. Demand from consumers sets the price.


    Right, that's why prices started to fall when Congress announced they would be investigating price fixing and demanded to see the financial records of the oil companies. Nope, the oil companies don't set the price of gas at all, just like Enron didn't control the price of electricity in California.
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  • Daddie_TomDaddie_Tom Member Posts: 824 ✭✭✭✭
    edited November -1
    By the way these are in S/E Michigan. The high one is BP and the lower was Citgo
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  • DarkStar11DarkStar11 Member Posts: 1,557 ✭✭✭
    edited November -1
    There is a .30 price difference between gas in Irving, TX and gas at the same chain in Athens, TX (Athens is lower). How do they justify that great of a difference within such a small geographical area?
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