2009 Oil Price Thread

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dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
1-2-2009 Gas prices jump 31 cents

DAYTON ? Gas prices in the Dayton area are up a bit from lows reached in December, but they're still much lower than they were a year ago, according to DaytonGasPrices.com.

The Web site indicated the average local price paid for a gallon of unleaded regular stood at $1.81 early Friday morning, up about 31 cents from a week ago.

At $1.81, local prices currently are above the national average of about $1.63, according to DaytonGasPrices.com. The Dayton area has been below the national average for most of the fall and early winter.

 

Capt Caveman

Lifer
Jan 30, 2005
34,543
651
126
Originally posted by: dmcowen674
Originally posted by: Common Courtesy
Dropped another $0.02 just before the holiday just outside Denver.

In the west Denver slums I have seen it for $1.33 last weekend.
The changes have slowed, but the downward direction still exists.

I'll notify AP Energy Writer John Porretto that he is wrong according to the above poster.

1-2-2009 The national average at the pump rose slightly overnight but remains well below year-ago levels.

JOHN PORRETTO, AP Energy Writer John Porretto, Ap Energy Writer ? 20 mins ago

The national average for regular unleaded rose eight-tenths of a cent to $1.626 a gallon, according to auto club AAA, the Oil Price Information Service and Wright Express.

You do know that Common Courtesy was talking about outside Denver and not the country as a whole right? Like last week when you identified a few areas that were rising, you considered the whole country was going up when in reality it was going down.

And note, in some states/areas - the trend is still downward.
 

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
Still dropping in Rochester, but we were way behind the curve; oil went down but gas was dragging.

Anyway, with oil now up from its lows, it's natural that after the lag is taken into account (gas prices follow oil with a delay), that national gas would rise. Oil remains the most expensive part of a gallon of gas, so if it's more expensive, gas will be, too.
 

JSt0rm

Lifer
Sep 5, 2000
27,399
3,948
126
I'm paying 2.11 for 91oct (and it feels good). I also see 2.70 right down the street but thats Beverly hills and all they catch there are the lazy rich.
 

Fear No Evil

Diamond Member
Nov 14, 2008
5,922
0
0
Still holding steady or dropping in the Tampa/St Pete area. Still a bunch of stations in the $1.53-1.54 range. Saw one at $1.50.
 

EagleKeeper

Discussion Club Moderator<br>Elite Member
Staff member
Oct 30, 2000
42,589
5
0
Son paid $1.47 in the ORlando area yesterday
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: Capt Caveman
New Jersey - http://www.newjerseygasprices.com/

Local Price Snapshot
Today 1.448
Yesterday 1.456
One Week Ago 1.493
One Month Ago 1.716
One Year Ago 3.051

Trend - Prices Falling

gasbuddy.com

Regular Gasoline Average Prices

Today 1.639
Yesterday 1.625
One Week ago 1.635
One Month ago 1.811
One Year ago 2.761
Current Trend - Prices Rising
 

EagleKeeper

Discussion Club Moderator<br>Elite Member
Staff member
Oct 30, 2000
42,589
5
0
$0.015 jump
$0.005 in a week.

Some may call it a rise, most would call it within a statistical tolerance.

 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
1-2-2009 Oil prices rebound above 46 dollars per barrel

Oil prices ended higher Friday on the first day of 2009 trading Friday as investors focused on commodities amid tensions over Israel's onslaught on Gaza, and a Russia-Ukraine gas row.

"The volatility is amazing," said independent analyst Ellis Eckland, noting that investors were refocusing on commodities after experiencing their "worst quarter."

Prices may remain at current levels until US president-elect Barack Obama takes office on January 20 when his policies on the US economy, key oil producer Iran and the Israeli-Hamas conflict become clearer for the market, said Platts analyst Dave Ernsberger.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
1-2-2009 Gas prices jump at the pump

It's only a few cents so far, but gas prices are creeping up again, causing most people to shell out a few extra dollars at the pump. News 3's Collette Wieland explains that if the federal government gets its way, this trend may continue in the future.

Right now, the average price of regular unleaded in the valley is $1.77. According to the Vegas Gas Prices web site, gas stations are selling anywhere from $1.48 to $2.00 - but experts predict prices could steadily climb until the summer.

Huey's Mart on Decatur and Vegas Drive is a ghost town Friday when compared to what it usually looks like. A few months ago, Hue Canady gained a reputation for selling the cheapest gas in Las Vegas, even creating some of the longest lines in the valley.

Now, however, his prices are among the highest. Just last week, he was selling a gallon of regular unleaded gas for $1.79. Friday, prices jumped to $2.08.

"We're in a depression. We're not in a recession," says Hue. "They keep saying recession, but it's a depression. This is the worst. I've been in business for 40 years, and I've never seen it this bad before."

But other gas stations in town are still selling for less than $2.00 per gallon. So why can't Huey's Mart slash prices?

"Independent stations - they get what's left over from what the majors don't want to buy. So when the majors are real low...they can afford to do it. So it runs our price up as independents."

In the past, Hue could afford to lose a little bit of money on gas, as long as gambling and sales inside his store were good. But these days, people are only buying what they need.

As for the federal government, a commission created by Congress is recommending a 50 percent increase in fuel taxes to finance highway construction and repair. In a report expected later this month, the commission will urge Congress to raise the gas tax, which is now 18.4 cents per gallon, by an additional 10 cents.

The money from the tax increases would help fund road, bridge, and transit programs across the country. The government claims the tax hike is needed because Americans are driving less. As a result, they are buying less gasoline, which makes less tax dollars available for traffic projects.

 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
1-2-2009 Gas prices are on the rise

The holidays ended with an unwanted gift for drivers ? higher gas prices. Area gas stations are charging more than $1.75 a gallon.

Experts say OPEC is cutting production. Violence in the Middle East and a dispute over natural gas in Russia caused the increase.

5:00 PM another opinion wrote ...
I have been saying all along that once the holidays were over, it was going to jump back up. I think it was lowered to get people's confidence up a bit and encourage spending at the stores over the holidays. Now that the shopping season has ended, they are jacking the prices back up again! It was 1.85 to 1.89 in Knox today.

4:39 PM Simon P McNudd wrote ...
Isn't this great? A war on the rise effects the oil prices half way around the world. The oil wells haven't even been blown up yet.They cut back on production. What? To make more money? Do we have a new leader that can freeze these gas prices and stop this madness? A disput over gas in Russia hurts us too. Won't be long and gas will be over $4 or more a gallon soon. There is no hope for us, and a real depression is coming.

4:26 PM Jeff wrote ...
$1.85 now. CROOKS!!!!!!!!!!

4:02 PM Jason wrote ...
Any 0one have any idea why they're starting to rise?

3:54 PM bee wrote ...
If it stays under $2.00, I'm happy. :)

3:35 PM Emilie wrote ...
So let me guess the wind blew and they had to raise the prices. Isn't it funny that the price of crude keeps dropping, and yet our prices still remain more than $1.50. Hmmm...

 

TheSlamma

Diamond Member
Sep 6, 2005
7,625
5
81
Originally posted by: dmcowen674
1-2-2009 Gas prices jump at the pump

It's only a few cents so far, but gas prices are creeping up again, causing most people to shell out a few extra dollars at the pump. News 3's Collette Wieland explains that if the federal government gets its way, this trend may continue in the future.

Right now, the average price of regular unleaded in the valley is $1.77. According to the Vegas Gas Prices web site, gas stations are selling anywhere from $1.48 to $2.00 - but experts predict prices could steadily climb until the summer.

Huey's Mart on Decatur and Vegas Drive is a ghost town Friday when compared to what it usually looks like. A few months ago, Hue Canady gained a reputation for selling the cheapest gas in Las Vegas, even creating some of the longest lines in the valley.

Now, however, his prices are among the highest. Just last week, he was selling a gallon of regular unleaded gas for $1.79. Friday, prices jumped to $2.08.

"We're in a depression. We're not in a recession," says Hue. "They keep saying recession, but it's a depression. This is the worst. I've been in business for 40 years, and I've never seen it this bad before."

But other gas stations in town are still selling for less than $2.00 per gallon. So why can't Huey's Mart slash prices?

"Independent stations - they get what's left over from what the majors don't want to buy. So when the majors are real low...they can afford to do it. So it runs our price up as independents."

In the past, Hue could afford to lose a little bit of money on gas, as long as gambling and sales inside his store were good. But these days, people are only buying what they need.

As for the federal government, a commission created by Congress is recommending a 50 percent increase in fuel taxes to finance highway construction and repair. In a report expected later this month, the commission will urge Congress to raise the gas tax, which is now 18.4 cents per gallon, by an additional 10 cents.

The money from the tax increases would help fund road, bridge, and transit programs across the country. The government claims the tax hike is needed because Americans are driving less. As a result, they are buying less gasoline, which makes less tax dollars available for traffic projects.

There is Daves Vegas gas prices and then there are the real ones.

Dave, stop trying to hijack MIKEMIKE's thread and turn it into another one of your Troll Chicken little threads.. so gas prices will go back up.. OMG!! this has never happened before
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: TheSlamma
Originally posted by: dmcowen674
1-2-2009 Gas prices jump at the pump

It's only a few cents so far, but gas prices are creeping up again, causing most people to shell out a few extra dollars at the pump.

News 3's Collette Wieland explains that if the federal government gets its way, this trend may continue in the future.

There is Daves Vegas gas prices and then there are the real ones.

Message sent to Ms Wieland that she is wrong:

Hi Ms Wieland,

Your story about gas prices going up is incorrect according to the experts at Anandtech:

http://forums.anandtech.com/me...ead=y&STARTPAGE=1#last
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: Common Courtesy
$0.015 jump
$0.005 in a week.

Some may call it a rise, most would call it within a statistical tolerance.

Originally posted by: TheSlamma
$1.33-1.39 is pretty common here in Denver right now.

Trolls may call it a rise, most would call it within a statistical tolerance
Fixed ;)

Originally posted by: TheSlamma
Dave, stop trying to hijack MIKEMIKE's thread and turn it into another one of your Troll Chicken little threads..

so gas prices will go back up..

OMG!! this has never happened before

You and the rest just spent a bunch of posts saying prices are falling.
 

AlienCraft

Lifer
Nov 23, 2002
10,539
0
0
You mean prices won't rise after the current excess supply of crude and excess domestic refined gas are sold off ? You mean Multi-National oil corporations won't do anything they can to return to their recent profit levels? Do you really believe that?
I'll go out on a limb and predict $2.75 to $3.25 regular Gas by oh... I'll say the Fourth of July weekend. Labor Day at the latest.

 

TheSlamma

Diamond Member
Sep 6, 2005
7,625
5
81
Originally posted by: dmcowen674
Originally posted by: Common Courtesy
$0.015 jump
$0.005 in a week.

Some may call it a rise, most would call it within a statistical tolerance.

Originally posted by: TheSlamma
$1.33-1.39 is pretty common here in Denver right now.

Trolls may call it a rise, most would call it within a statistical tolerance
Fixed ;)

Originally posted by: TheSlamma
Dave, stop trying to hijack MIKEMIKE's thread and turn it into another one of your Troll Chicken little threads..

so gas prices will go back up..

OMG!! this has never happened before

You and the rest just spent a bunch of posts saying prices are falling.
Actually round boy, there isn't a SINGLE word in those posts saying prices are falling.

Your inability to read is simply amazing. Your ability to troll is legendary.

Message sent to Ms Wieland that she is wrong:

Hi Ms Wieland,

Your story about gas prices going up is incorrect according to the experts at Anandtech:
Dear Dave,

Leave me alone, gas prices are up a few cents, stop treating it like it's up to $10 a gallon. Oh and stop getting yourself fired!

Thank you for reading and please don't write again.
 

blackangst1

Lifer
Feb 23, 2005
22,902
2,359
126
Originally posted by: AlienCraft
You mean prices won't rise after the current excess supply of crude and excess domestic refined gas are sold off ? You mean Multi-National oil corporations won't do anything they can to return to their recent profit levels? Do you really believe that?
I'll go out on a limb and predict $2.75 to $3.25 regular Gas by oh... I'll say the Fourth of July weekend. Labor Day at the latest.

What do multinational oil corporations have to do with the price of oil? Looks like you and Dave can both use some reading up on world commodity markets. You guys sharing a pipe now?
 

BarneyFife

Diamond Member
Aug 12, 2001
3,875
0
76
Originally posted by: blackangst1
Originally posted by: AlienCraft
You mean prices won't rise after the current excess supply of crude and excess domestic refined gas are sold off ? You mean Multi-National oil corporations won't do anything they can to return to their recent profit levels? Do you really believe that?
I'll go out on a limb and predict $2.75 to $3.25 regular Gas by oh... I'll say the Fourth of July weekend. Labor Day at the latest.

What do multinational oil corporations have to do with the price of oil? Looks like you and Dave can both use some reading up on world commodity markets. You guys sharing a pipe now?

Why did gas increase .30 in the last week in Michigan?

------------------------
YHPM

Senior Anandtech Moderator
Common Courtesy
 

blackangst1

Lifer
Feb 23, 2005
22,902
2,359
126
Originally posted by: BarneyFife
Originally posted by: blackangst1
Originally posted by: AlienCraft
You mean prices won't rise after the current excess supply of crude and excess domestic refined gas are sold off ? You mean Multi-National oil corporations won't do anything they can to return to their recent profit levels? Do you really believe that?
I'll go out on a limb and predict $2.75 to $3.25 regular Gas by oh... I'll say the Fourth of July weekend. Labor Day at the latest.

What do multinational oil corporations have to do with the price of oil? Looks like you and Dave can both use some reading up on world commodity markets. You guys sharing a pipe now?

Why did gas increase .30 in the last week in Michigan? Keep on enjoying that Exxon cock up your ass.

Do you know how futures contracts work <<<<oh intelligent one>>>? OPEC production quotas? Please enlighten us as to how Exxon sets oil prices. Dave's little oil conspiracy campfire is gathering many dullards! puff-puff-pass!


------------------------
YHPM

Senior Anandtech Moderator
Common Courtesy