What the price of Gas at your Gas station?

[JonInMiddleGA]

$3.67 regular tonight, $3.97 super ... that's up 13 cents versus last night

[sterlingice]

Originally Posted by ColtCrazy

Glad someone else does this as I'm currently doing it on a bigger scale. Flights to England in June seem to be in the $1300-1400 range out of Louisville, but Aer Lingus has flights out of Chicago for $1000. If I can find a way to drive to Chicago with someone, it might save me money (Chicago is about 4.5 hours for me).

I think I can handle the $3.20!

When we were living in Richmond a couple of years ago, we drove up to DC to fly out of Dulles. We got round trip flights to Bogota for $375 where it would have been at least double that from Richmond and one hotel room. Same with going up to Chicago to meet my wife a few times last year instead of her flying into Indy

SI

[NorvTurnerOverdrive]

when iran announced it was stopping oil shipments to gb and france(when was that? last week sometime?) that same day i read a report saying saudi arabia was cutting back on oil production.

surely a tragic coincidence.

[sterlingice]

Saudi was promising to increase production to negate Iran's action earlier this year. Yeah- I know- we should trust Saudi as far as we can throw them but it made sense because they have a vested interest. Last time the cost here rose above $4 a gallon, there was a pretty substantial shift in the population's use of gasoline. There was a wave of people who went to mass transit who haven't gone back.

Even bigger was that the sales of SUVs and other high gas consumption vehicles fell into the toilet and compacts/hybrids/etc shot way up. That affects gas consumption for years to come. So what good is profits for the summer if you lock in much lower consumption for 10 years?

SI

[cartman]

And for those that believed in the "Drill Here, Drill Now, Pay Less" line, US oil production is at the highest level in 8 years.

[Buccaneer]

I still don't understand the mentality of curtailing a trip just because the price of gas goes up $1 (say to $5 as they are predicting). Sure it would be nice to spend that money on something else but if, for example, you're making a trip that will cost thousands (like a ballparks tour or to Disney World), the extra $1 per gallon is not going to make that much difference.

Here's my example. This summer my son and I are doing another long road trip to the West Coast (visit family, friends and for him to go to church camp). I have to compare the cost of 3000 miles worth of gas (assuming $5) plus lodgings on the way with the cost of two plane tickets, renting a car for 2 weeks plus gas. Still cheaper (and much more fun!) to do the road trip.

[DanGarion]

$4.27 around the corner.

[stevew]

Originally Posted by Buccaneer

I still understand the mentality of curtailing a trip just because the price of gas goes up $1 (say to $5 as they are predicting). Sure it would be nice to spend that money on something else but if, for example, you're making a trip that will cost thousands (like a ballparks tour or to Disney World), the extra $1 per gallon is not going to make that much difference.

Here's my example. This summer my son and I are doing another long road trip to the West Coast (visit family, friends and for him to go to church camp). I have to compare the cost of 3000 miles worth of gas (assuming $5) plus lodgings on the way with the cost of two plane tickets, renting a car for 2 weeks plus gas. Still cheaper (and much more fun!) to do the road trip.

I always think this is a byproduct of horrible math reasoning. It's not like filling up a 12 gallon tank goes from 0 dollars to 60 bucks. At most it costs like 20 more than normal.

[Buccaneer]

stevew, you get it, despite me leaving out a key word at the beginning (fixed now).

[stevew]

I figured there was a missing "don't"

[Buccaneer]

Here's the specific example of what I calculate:
Last summer, I did a 3000 mile road trip in my car (35 mpg). Paid an average $4/g. Total cost: $343. If it was $5/g, $429. $86 difference. Not significant.

This summer, I'll be taking the Rav4 (25 mpg, I think) - 120 gallons. Total costs still less than 2 plane tickets, regardless if it's $4 or $5.

The real signifcance comes for those that drive 400-500 miles/week. I sympathize with that. I was reacting to the usual news reports about people deciding not to drive on a family vacation because it might cost an extra $100 or so.

[sterlingice]

Originally Posted by Buccaneer

I still don't understand the mentality of curtailing a trip just because the price of gas goes up $1 (say to $5 as they are predicting). Sure it would be nice to spend that money on something else but if, for example, you're making a trip that will cost thousands (like a ballparks tour or to Disney World), the extra $1 per gallon is not going to make that much difference.

Here's my example. This summer my son and I are doing another long road trip to the West Coast (visit family, friends and for him to go to church camp). I have to compare the cost of 3000 miles worth of gas (assuming $5) plus lodgings on the way with the cost of two plane tickets, renting a car for 2 weeks plus gas. Still cheaper (and much more fun!) to do the road trip.

Well, exactly- you just factor it in with everything else. Even with 20mpg, which is towards the low end of what a lot of cars get these days, the gas cost difference on a 3000 mile road trip is $150 for each $1 jump. That's a pretty substantial chunk of change but not if you are thinking about the trip costs as a whole. When you're thinking about 2 weeks of tickets, hotels, etc- it's like adding another couple of nights of hotel rooms on but it's still less than 10% of overall trip cost.

I think that for weekend sort of trips (~300 miles) where there isn't much additional cost- those are the ones more impacted. When we lived in Richmond, we liked to head to Shenandoah. You had to pay $20 a year for unlimited trips to the park itself. However, if suddenly the gas cost (100 miles each way, roughly) went from $12 to $20 ($3 per gal to $5 per gal), that starts being a decent percentage gain. At that point, maybe you say "Ok, lets stay in town and hit the botanical gardens or zoo instead". You're still paying the same amount but it's going towards more local entertainment and ticket prices instead of gas.

I think the much bigger impact comes in on commute as you really cannot mitigate that cost by saying "I don't want to go in to work today because gas is high". If you live in a large city and commute 25 miles each way, that's then starting to add $2-$5 per day into your costs which, means you're talking $40-$100 per month. That's like paying an additional utility bill per month. If your margins are close, that's substantial.

SI

[Buccaneer]

We're finally catching up to most of you. 16-cents jump last week and a 20-cents jump this week, now sitting at $3.65. Analysts expect that we will not go over $4.00 due to an abundant supply of Canadian crude that Colorado has access to.

[Scoobz0202]

$3.99

[Ksyrup]

$3.89

[JediKooter]

Hey look at that, we dropped from 4.41 to 4.37.

[Rizon]

Ours dropped from 4.35 to 4.29 last week.

[JediKooter]

Fucking East Bay...

[Lathum]

Went up 6 cents to $4.15. Crazy

[fantom1979]

I paid 3.97 this morning.

[stevew]

Crude seems to be cratering, yet we're still paying 3.59 at the cheapest stations. I dunno if this is what widespread price fixing looks like, but retail gas has never shown the "up like a rocket, down like a feather" adage more truer than now. I'd suspect we should see sub 3$ stuff within a week or two at least somewhere in the FOFC brotherhood.

[Philliesfan980]

I'm really looking forward to the days where 80-100 MPG's are the norm and the oil companies get absolutely fucked.

I agree with you Steve, there's absolutely no reason why when crude goes up by $10-15 bucks our prices go up 30% (just making up a number for an example), but when it drops by $10-15 bucks, we see a 15% reduction. Of course, they can really do whatever they want, since there's no regulation that I'm aware of. I don't think people would really make a legitimate effort to cut down their driving on a material level until gas hits $6 or so.

[Lathum]

Originally Posted by stevew

Crude seems to be cratering, yet we're still paying 3.59 at the cheapest stations. I dunno if this is what widespread price fixing looks like, but retail gas has never shown the "up like a rocket, down like a feather" adage more truer than now. I'd suspect we should see sub 3$ stuff within a week or two at least somewhere in the FOFC brotherhood.

I would kill for 3.59 a gallon. 4.39 at my local station.

[Rizon]

$4.23 next door

[CU Tiger]

Just saw $2.99 gasoline....while I pumped 3.79 diesel.
despite same crude at 10% the refining....fuck demand driving prices high.

[Crapshoot]

$4.40 for 87, I believe.

[Ksyrup]

I saw mid 3.40s this morning, I think.

[JediKooter]

I think I saw 4.15 this morning.

[GrantDawg]

Buying gift cards from Kroger when I know I'm going to get something somewhere and getting X4 fuel points. I'm getting .40 to .60 a gallon off a fill up. Love me some Kroger.

[Ksyrup]

Yep. Between gift cards and prescriptions, I got $.80 off about a month ago. I think I paid $2.89 for mid grade.

[SackAttack]

3.69 down the street.

[MacroGuru]

3.88 the last time I gassed up. I think it was Tuesday.

[lerriuqs]

$1.259 a litre so about $4.77 a gallon up here...

[GrantDawg]

Originally Posted by lerriuqs

$1.259 a litre so about $4.77 a gallon up here...

How much do you pay for sunlight up there?

[Thomkal]

Y'all need to come fill up in Myrtle Beach. Apparently South Carolina has the lowest gas prices in the nation, and the lowest I saw today was $3.12.

[fantom1979]

Saw it was 3.59 at the gas station by my house yesterday.

[Grover]

Paid $3.58 on Monday

[tarcone]

3.39 in my neighborhood.
Speaking of sun light. I'm in the process of getting solar panels on my house. It will cover about 95% of electric. Free instAllation. Lease for 20 years at $468 a year. After 6 years we can buy them for a couple thousand. We are looking at about a $700 savings per year. That will cover the insane gas price hikes. 

[Chubby]

Originally Posted by tarcone

3.39 in my neighborhood.
Speaking of sun light. I'm in the process of getting solar panels on my house. It will cover about 95% of electric. Free instAllation. Lease for 20 years at $468 a year. After 6 years we can buy them for a couple thousand. We are looking at about a $700 savings per year. That will cover the insane gas price hikes. 

sunrun?

[tarcone]

Sunvest

[Pyser]

paid $4.35 today in santa monica

[rjolley]

Originally Posted by tarcone

3.39 in my neighborhood.
Speaking of sun light. I'm in the process of getting solar panels on my house. It will cover about 95% of electric. Free instAllation. Lease for 20 years at $468 a year. After 6 years we can buy them for a couple thousand. We are looking at about a $700 savings per year. That will cover the insane gas price hikes. 

Very interested in getting solar panels. If it's reasonable, may be doable.

[cartman]

We'll see what the opening of one of the biggest refineries in the world does to prices.

Nation's biggest refinery goes on line

[Ksyrup]

I actually saw $3.35 on the way home, but most were around $3.45.

[Buccaneer]

It's funny, we were among the last/slowest to go up, now we are among the slowest to go back down. Our peak, as expected, reached 3.91, now we are 3.69.

[cartman]

Originally Posted by Buccaneer

It's funny, we were among the last/slowest to go up, now we are among the slowest to go back down. Our peak, as expected, reached 3.91, now we are 3.69.

I think part of that is there is a different formulation for gas at higher altitudes. It is generally lower octane than gas elsewhere.

[Shkspr]

Originally Posted by cartman

We'll see what the opening of one of the biggest refineries in the world does to prices.

Nation's biggest refinery goes on line

Clearly, prices should rise because they have to pay for building that refinery and the extra payroll expense of 300 jobs.

[JediKooter]

4.13 at the Arco.

[Desnudo]

3.26 at costco

[stevew]

Wow....just passed a station in Ohio at 3.89. Supposedly there are some Midwest refinery issues.