Local gas prices (non-political)

[smitty77]

good call. cumbies went up to $3.61 the other day. normally the cheapest gas in town and the busiest gas station, no one was there during the 4-5 hour after work when they are normally packed. other stations in town leveled off around $3.20ish or so. now cumbies is back down to a much more reasonable $3.40ish.

It seems to hold true for all of the Cumbies I've seen. I think it has to do with where the bulk of their oil enters the US. Cumbies sells Gulf, and logic would tell me most of their operations as far as import and refineries are located in the Gulf of Mexico region. Same with Texaco. I also think the size of the oil company plays a big part. Places like Shell and Mobil sell a much larger volume of product per day and likely make a larger profit per gallon, so they are able to adjust their prices in smaller increments. When the volume and profit margins are small, companies such as Gulf have to react with large increases until the market becomes more stable so that their arses are sufficiently covered.

Then again I could be all wet and it really is just good ol' fashioned comsumer rip-off.

 

[ctenidae]

Possibly some good news...

http://www.marketwatch.com/news/sto...32A-4C2B-A3DA-5721813FB3AF}&siteid=mktw&dist=

 

[Brettski]

Just a few Suburbans for sale

 

[skijay]

One reason why you see a lot of these older SUVs & trucks being sold is that they are being replaced (traded in) for the same make, just newer with more options. With all of the incentives out there people "upgraded".

A lot of these end up on new car dealer lots or sent to the auction to resurface on used car lots.

 

[Brettski]

Dude,

did you open the link?

There are 36 pages of 'burbans for sale within 100 miles of me...it's sorted from lowest price to highest.

These are all used vehicles as well....

 

[skijay]

I did open your link. I was only giving one reason and not the sole reason why we see so many of these popping up. Looking for a Toyota Corolla?


Click

 

[ctenidae]

Had a meeting with some venture capital guys yesterday, said they'd been working on a deal to buy out a supplier of aftermarket parts for SUV's.

They're reconsidering that investment.

 

[Greg]

Had a meeting with some venture capital guys yesterday, said they'd been working on a deal to buy out a supplier of aftermarket parts for SUV's.

They're reconsidering that investment.

Send them AZ's way instead...

 

[shannon_dickson2001]

I just bought a new car, and I get 34 mpg and I bought the car based off of the mpg. I wonder if the price will go down, here its at 3.09 and sustaning for the most part, but some places are at 3.27. Over in Europe I understand they pay like 5.00 a gallon, and have for some while. I dont think we can do much about it except, once again bend over and bite the stick.

 

[cbcbd]

I was in Switzerland last week and payed $5.20/gallon for gas - I spent over $60 to fill up the tank in my VW Polo (like Golf). We have it easy over here...

A co-worker of mine just traded in his Xterra for an RSX for the better gas mileage - I was really happy to see that and I hope more Americans start doing the same.

It was so rare to see an SUV or truck in Switzerland, it was nice.

 

[Vortex]

I paid 2.99 on tuesday. The Place across the street here in Boston is 2.95 today. Coming down a bit. I paid 3.08 on Sat.

 

[ski_resort_observer]

2.89 per gallon was pretty prevelent around these parts.

 

[bvibert]

We're down to $3.04 this morning, it actually dropped quite a bit pretty quick. I was $3.08 yesterday and I think $3.19 the week before...

 

[ctenidae]

$2.80-$2.90 is the range it should be, considering market prices on oil and supply issues- especially considering the glut of gas coming in from Europe. However, once the EPA re-instates the rules that bar Euro gas, that supply will dry up, pushing prices back to $3-$3.10. Many palces are taking profits off the glut, so they can "avoid raising prices again in a month".
Amazingly, gas prices still haven't had an effect on pricing or inflation. Unbelievable.

 

[JimG.]

Amazingly, gas prices still haven't had an effect on pricing or inflation. Unbelievable.

Or apparently the stock market.

 

[ctenidae]

I think teh stock market will react unpleasantly when Q3 numbers start coming out- margins are going to be low for manufacturing and distribution companies, since they're still absorbing most of the increased costs from energy, and not passing it on. Not sure what the conventional wisdom is, but I'll be a bit surprised if the Fed raises rates again.

 

[Stephen]

I heard on Wall St. Journal report on the radio this morning that gas consumption has DROPPED 4% since Katrina hit. People are fighting back without a doubt.

-Stephen

 

[ctenidae]

Good to see a drop. I wonder where that 4% is coming from- consumer use, or businesses?

 

[JimG.]

I heard on Wall St. Journal report on the radio this morning that gas consumption has DROPPED 4% since Katrina hit. People are fighting back without a doubt.

-Stephen

That is encouraging to see.

 

[JimG.]

Good to see a drop. I wonder where that 4% is coming from- consumer use, or businesses?

I'll bet on consumers. Businesses like UPS are too busy rubbing their greedy hands together and increasing fuel surcharges on shipments to 20% so they can profit from the misery to decrease fuel consumption.

This could be a landmark consumer situation. I certainly won't do as much aimless driving as in the past. And since I can't eliminate driving to work or skiing or soccer games for the kids, I'll recoup the money by spending less at restaurants, hotels, and most importantly at Christmas. Yes, I can hear the retail marketers yelling "what a scrooge", but my family understands and supports this. And they have also agreed to wear sweaters indoors this winter to decrease heating oil consumption. Our overall expenses will stay the same.

Time to make other businesses bear the pain of these price increases.