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Automotive News & Views Report Your Local Gas Prices Here
8805 messages, Last post on Nov 27, 2009 at 11:25 AM
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Replying to: rockylee (Jan 30, 2007 4:02 am) How did you come up with $2/gallon being a fair price? If by some miracle the price of oil went down to $15/barrel the market price for gasoline would probably be around $1/gallon. Your comment tells me that you'd have no problem with the parties involved still selling gas for $2/gallon. Interesting. The record profits achieved last year would be obliterated by this new scheme of yours. On the other hand lets say the price of oil went up to $70/barrel. The market price for gasoline would then be $3/gallon. The oil companies, refineries and gas stations would simply shutdown rather than take this kind of loss. So now the government would step in and nationalize these industries. News flash, we import 60% of our oil. Are we going to force Canada and Mexico to sell to us at prices well below market value? The only other option is to use tax dollars to make up the difference. That can't possibly make sense unless you believe the government's tax policies should encourage fuel consumption and that the wealthy should subsidize fuel cost's for the poor. If you believe the wealthy should subsidize the poor in this regard then why stop with fuel? Why not subsidize their auto insurance, maintenance and purchase costs also?
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Replying to: fezo (Jan 31, 2007 3:13 pm) Hmmmmm. Considering that Canada is also our largest source of imported oil, I'm beginning to smell a rat.....wonder what the odds are we can convince our current 'atrocious regime' to invade?
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Replying to: rorr (Feb 01, 2007 6:41 am) LOL...I guess given your location... Down another 2 cents here |
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Replying to: tpe (Feb 01, 2007 5:57 am) I'm not claiming to have the perfect answer but I'd like to see some action from out government. The last regime sat back and did nothing and said nothing as most of us were paying well north of $3.00 a gallon.  Rocky
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| Our average is hovering around $2.03 a gallon, with many stations below the blessed $2 mark. | |
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Replying to: rockylee (Feb 01, 2007 10:05 am) Yes the price of oil has dropped $20 from its peak and the national average price for gas has dropped about 80 cents from its peak. Are you saying that the price of gas should have dropped more? Right now the price of oil is around $57 and a gallon of gas costs $2.18. What if oil went down to $37, how much should gas cost? What if it went to $17, which it was not all that long ago? The price of gas typically moves about 2-3 cents for every dollar change in the price of oil. The prices we are now paying at the pump reflect the $50 oil prices we had a few weeks ago. If oil stays at $57 you can expect gas prices to creep back up a little. While I agree with the posters that have pointed out how western states traditionally have higher gas prices I do think they are currently a little out of whack. Not enough to support a conspiracy theory but an anomally none the less.
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Replying to: tpe (Feb 01, 2007 11:49 am) Rocky |
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Yesterday morning I reported fuel prices were in the $1.99 ~ $2.07 range. Well on my way home last night there was a +$0.20 price change at the Shell, Mobils & BPs. The prices went from $2.05 ~ $2.07  6:00am to $2.25 ~ $2.29 6:40pm. One Speedway also made the same hike. Yet the Meijers, Jewel, Citgos and Sonic were still at the $2 point. Guess someone at the other places order cheese on their Whopper, or super-sized their value meal. On a side note, one bad thing I noticed with the drop in fuel prices is that more & more speed demons are out there. Was getting passed yesterday to/from work like I was standing still. Getting worse every day. |
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| I was checking my spreadsheet and I paid $2.34 per gallon to fill up the end of January 2006. It was the same exact price two days ago here in San Diego. Cheapest gas today in the county is Costco at $2.25 per gallon. County wide average for regular is $2.50. The highest price recorded for today is $2.77. So you have a 52 cent range. This does not include the desert communities that are going to be at in the low $3 range. | |
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