Got Gas? U.S. Economy to Worsen as Gas Prices Skyrocket

[Wonderful Pork]

North of Boston the Hess station by me has been 3.77 for like 2 weeks now, no sign of a drop as other stations are holding steady as well. They just refilled the underground tanks too...

 

[Engineer]

Gas fell a whopping $0.02 today. Still no huge drop but not surprising. Raise it fast and hard and let it trickle down.

 

[soundforbjt]

I paid 3.84\gal for regular yesterday in a small (50K) IL city while visiting my father.

 

[dmcowen674]

Right on Que, oil on the way back up. Up $3 already

They knew it was a short term drop, that's why you saw no changes at the stations. It's all pre-planned, when will you guys realize that?

8-10-11

http://finance.yahoo.com/news/Oil-n...tml?x=0&sec=topStories&pos=main&asset=&ccode=

Oil near $82 as Fed eyes low lending rates to 2013

Oil prices rose to near $82 a barrel Wednesday in Asia after the U.S. central bank said it expects lending rates to stay low for the next two years.

 

[Doppel]

Right on Que, oil on the way back up. Up $3 already

They knew it was a short term drop, that's why you saw no changes at the stations. It's all pre-planned, when will you guys realize that?

More proof you are retarded: http://finance.yahoo.com/news/Their...zb25hbEZpbmFuY2UEc2xrA2NvbnN1bWVyc2dldA--?x=0

 

[Londo_Jowo]

Down another $0.06/gal yesterday, now $3.29/gal

http://www.houstongasprices.com/Shell_Gas_Stations/Sugar_Land/113096/index.aspx

Down another $0.04/gal overnight to $3.25

 

[Siddhartha]

never mind

 

[Engineer]

All stations holding steady at $3.47 to $3.49 except one...raised to $3.53....LOL!

 

[dmcowen674]

All stations holding steady at $3.47 to $3.49 except one...raised to $3.53....LOL!

Oil is heading back up, %3 today alone.

Stations I watch here everyday already went up a nickle today, now $4.23

 

[Doppel]

Oil is heading back up, %3 today alone.

Stations I watch here everyday already went up a nickle today, now $4.23

liar should be banned

 

[mizzou]

I filled up @ 3.13 this morning and it's @ 3.24 tonight after I filled up my beater

 

[dmcowen674]

I filled up @ 3.13 this morning and it's @ 3.24 tonight after I filled up my beater

Looks like they are doing the usual Labor Day price bump despite oil down $15.

The thugs do not deviate from their regularly scheduled programming.

 

[AznAnarchy99]

The ones by the freeway today dropped 4 cents as I was going to work this morning. Still a car ways away from what it should be though.

 

[Doppel]

go to <yourcity>gasprices.com and then on the left the chart. Then in the drop down select USA average. Gas prices have been going down for days now, period.

 

[Engineer]

go to <yourcity>gasprices.com and then on the left the chart. Then in the drop down select USA average. Gas prices have been going down for days now, period.

That may be true but they go UP far faster than they go down, period.

With that in mind, the stations on the way to/from work: ONE station dropped $0.01 overnight to $3.46 per gallon. Rest at $3.47, $3.49 and one station at $3.53.

 

[Doppel]

That may be true but they go UP far faster than they go down, period.

With that in mind, the stations on the way to/from work: ONE station dropped $0.01 overnight to $3.46 per gallon. Rest at $3.47, $3.49 and one station at $3.53.

That's the common consensus but I don't really see any proof that when oil goes up gas shoots up and when it comes down gas lags. You can also at the gasprices.com site plot crude oil and they seem pretty much in lockstep. Go back a year...
http://www.houstongasprices.com/retail_price_chart.aspx

If you bring units down to the daily level there may in fact be a lag so that gas follows oil quicker on the way up but it's not more than a few days from what I can tell.

 

[mizzou]

That's the common consensus but I don't really see any proof that when oil goes up gas shoots up and when it comes down gas lags. You can also at the gasprices.com site plot crude oil and they seem pretty much in lockstep. Go back a year...
http://www.houstongasprices.com/retail_price_chart.aspx

If you bring units down to the daily level there may in fact be a lag so that gas follows oil quicker on the way up but it's not more than a few days from what I can tell.

There is a definite lag, at least near me. For ex., this last oil increase when it shot to $100, gas went up seferal 10's of cents immediately. When oil crashed last week, it took 4-5 days for stations near me to drop to the lowest level of 3.13
In 24 hours i filled up yesterday at 3.13 this morning its now 3.28
Uuugh , at least if the economy tanks let us have some $2.99 gas lol!

 

[fleshconsumed]

Well, finally, a 10 cent reduction from 3.85 down to 3.75 this morning :/ That's like 2.6&#37; price drop after oil dropped 15% a week before...

 

[Engineer]

That's the common consensus but I don't really see any proof that when oil goes up gas shoots up and when it comes down gas lags. You can also at the gasprices.com site plot crude oil and they seem pretty much in lockstep. Go back a year...
http://www.houstongasprices.com/retail_price_chart.aspx

If you bring units down to the daily level there may in fact be a lag so that gas follows oil quicker on the way up but it's not more than a few days from what I can tell.

You can read my posts through this thread stating several $0.25 and $0.30 jumps. I can guarantee that the upswing in oil during those jumps was much smaller than the downswing in oil lately. Not only were those $0.25 and $0.30 quicker than the downswings, they were much sharper. Lexington is yet to drop $0.10 total since the drop in prices (at least at the stations between work and home).

 

[Wonderful Pork]

Still 3.77 at the Hess by work (the only gas station I pass daily during my commute). Has not moved in 2+ weeks.

 

[desy]

Basic economics, sticky pricing means up fast down slow as selllers will much m ore slowly reduce prices as long as they have customers buying to keep profits higher.


It happens with almost everything, the only thing is with gas prices people notice because its posted on almost every street corner

 

[dmcowen674]

Originally Posted by Doppel
That's the common consensus but I don't really see any proof that when oil goes up gas shoots up and when it comes down gas lags.

You can read my posts through this thread stating several $0.25 and $0.30 jumps. I can guarantee that the upswing in oil during those jumps was much smaller than the downswing in oil lately. Not only were those $0.25 and $0.30 quicker than the downswings, they were much sharper. Lexington is yet to drop $0.10 total since the drop in prices (at least at the stations between work and home).

He's quite a shill for the thug industry.

 

[Londo_Jowo]

That's the common consensus but I don't really see any proof that when oil goes up gas shoots up and when it comes down gas lags. You can also at the gasprices.com site plot crude oil and they seem pretty much in lockstep. Go back a year...
http://www.houstongasprices.com/retail_price_chart.aspx

If you bring units down to the daily level there may in fact be a lag so that gas follows oil quicker on the way up but it's not more than a few days from what I can tell.

I think in areas where there's large amount of refining taking place the fast up/slow down is not as bad as areas that have no refineries. Look at the last few days where I live, gas has dropped $0.24/gal. When gas was going up it went up at about the same pace. 5 cents here, 4 cents there.

 

[Doppel]

He's quite a shill for the thug industry.

Has David Mcowen always been this retarded or was it only after getting probation for trying to find aliens in the SETI program?

It could be a local thing that gas doesn't follow oil that closely but when I charted it nationally it seems to have a pretty modest delay. Nationally prices are definitely going down through today. If gas tracks oil again like it did earlier in the year at the current price of crude gas would fall to ~$3.15 which is a decline of almost half a dollar. Refining and other factors may not let it track as closely, though, and if oil bumps up well over $90 soon we'll never see that low price after all.

 

[Engineer]

I think in areas where there's large amount of refining taking place the fast up/slow down is not as bad as areas that have no refineries. Look at the last few days where I live, gas has dropped $0.24/gal. When gas was going up it went up at about the same pace. 5 cents here, 4 cents there.

I can understand what you're saying but that still doesn't justify why it goes up so damn quickly and sharply and then trickles down. Still at $3.47 at every station other than the $3.46 and $3.53 ones (2 total). I can guarantee that if oil had went up 20%, the gas would have followed days ago (at least here).