Whats going on w/ the price of gas...

[drjeff]

Saw a spot on the news this AM where there are a couple of stations in the middle of Missouri where gas was $1.85 and $1.87 right now. My local Mobil just fell to $2.33 (cash) and $2.37 (credit) today

 

[severine]

Saw a spot on the news this AM where there are a couple of stations in the middle of Missouri where gas was $1.85 and $1.87 right now. My local Mobil just fell to $2.33 (cash) and $2.37 (credit) today

I saw $2.27 credit yesterday. Didn't think we'd ever see those numbers again. Of course, after the election this week it's going to creep up again. Always does.

 

[ALLSKIING]

Paid $2.09 for the fill up this weekend...

Thats great!! The best I have seen in my area is 2.55 :roll: the norm is 2.65. Yesterday in the hamptons I was forced to pay 2.89 but I only put in 10.00.

 

[GrilledSteezeSandwich]

Thats great!! The best I have seen in my area is 2.55 :roll: the norm is 2.65. Yesterday in the hamptons I was forced to pay 2.89 but I only put in 10.00.

I paid $2.99 in NY on the thruway but just 2 gallons of gas to be sure I could make it home without coasting..here it's about $2.40something everywhere. $30 fillups instead of $50 fillups are sweet..I'm probably saving $100 a month on gas compared to when it was $4

 

[Glenn]

Hopefully, these prices will last through the season. What a great incentive for people to head up to some semi local areas this winter. It'll be a lot easier when your travel expenses are less than your lift ticket!

 

[severine]

Interesting article from this time 2 years ago:
http://www.consumeraffairs.com/news04/2006/11/gas_prices112.html

 

[twinplanx]

I can hear the cogs clicking on the way up this rollercoaster ride again. Hopefully this latest spike is just a bump in the road

 

[andyzee]

I can hear the cogs clicking on the way up this rollercoaster ride again. Hopefully this latest spike is just a bump in the road

It'll go down again tomorrow.

 

[mondeo]

I can hear the cogs clicking on the way up this rollercoaster ride again. Hopefully this latest spike is just a bump in the road

You mean the "spike" above 2 year lows on a commodity with increasing worldwide demand with relatively constant supply, ignoring impacts of inflation and exchange rates? It's a recovery at this point. $70-80/barrel mid-summer.

 

[twinplanx]

You mean the "spike" above 2 year lows on a commodity with increasing worldwide demand with relatively constant supply, ignoring impacts of inflation and exchange rates? It's a recovery at this point. $70-80/barrel mid-summer.

Really smartypants? Silly me, I had thought the "upswing"(if u prefer) might be do to the situation in Gaza:idea:

 

[ctenidae]

Really smartypants? Silly me, I had thought the "upswing"(if u prefer) might be do to the situation in Gaza:idea:

I'm with mondeo on this one. Gaza might have something to do with it, adding a bit of a fear premium, but the fact is the market overshot to the upside at $147, and overshot to the downside at $35.

Increasing demand + steady supply = higher prices. It has to.