Noticed the price of gas has gone down.

[hal2kilo]

Because he's the DNC's official shill for AnandTech? For all appearances, it seems to be his actual job. His head is so firmly planted, he knows what the Democratic party leaders eat right after they do.

God I hope not. Otherwise you must think all Dems are idiots. (I'm sure you do anyway)

$3.259 Silverdale, Wa Costco this morning.

 

[AyashiKaibutsu]

Londo was commenting on the article, not Dave. The information from Dave was a quote from the article (although he doesn't use the quote format).

Regardless, gas in Lexington is still at $3.55. Drive to Corbin, KY (about 75 miles south of here) and it drops to $3.10. Hell, Louisville is at $3.20. What a crock of shit.

Maryland is psychotic with gas prices. In Columbia it's like 3.60 and in Laurel (~10 miles away) it's 3.19. It's like that all over the state nice areas are 40-50 cents more expensive than terrible areas.

 

[Mxylplyx]

Why did the shutdown cause the price of gas to go down?

The shutdown had nothing to do with it. It was because I switched to a high fiber diet. I figure my reasoning is just as sound as yours.

 

[sm625]

Gas prices almost always fall this time of year.

 

[Londo_Jowo]

Gas prices almost always fall this time of year.

NPR has a good article explaining why prices are dropping.

http://www.npr.org/2013/10/18/236222110/declining-gas-prices-pump-up-a-shaky-economy

 

[Sheik Yerbouti]

It's dropped around 40 - 50 cents a gallon by me, but I am sure it will rise back up, fall down again, rise up and fall. I gotta say this is the longest time frame I can remember where it's consistently gone down.

 

[Engineer]

Looks like your biggest problem is Lexington is a college town and the 2nd largest city in Kentucky.

Gas close to where I work is $3.53/gal yet 20 miles away all the stations close to my home are below $3.00/gal.

http://www.houstongasprices.com/Chevron_Gas_Stations/Houston_-_West/74838/index.aspx

and Louisville isn't (bigger and is a college town too)?

There was NO reason for gas to spike from $3.19 to $3.55 over the few weeks that it did, especially with the national's going down.

 

[Londo_Jowo]

and Louisville isn't (bigger and is a college town too)?

There was NO reason for gas to spike from $3.19 to $3.55 over the few weeks that it did, especially with the national's going down.

Based on the price maps they're somewhat comparable.

http://www.louisvillegasprices.com/Map_Gas_Prices.aspx

http://www.lexingtongasprices.com/Map_Gas_Prices.aspx

I suspect the price jump was due to Univ of Ky hosting Univ of Fla Gators (9/28) and Univ of Ala Crimson Tide (10/12). Nothing like making money on Alumni and visiting teams.

 

[Engineer]

Based on the price maps they're somewhat comparable.

http://www.louisvillegasprices.com/Map_Gas_Prices.aspx

http://www.lexingtongasprices.com/Map_Gas_Prices.aspx

I suspect the price jump was due to Univ of Ky hosting Univ of Fla Gators (9/28) and Univ of Ala Crimson Tide (10/12). Nothing like making money on Alumni and visiting teams.

LOL, that's bullshit. Normally, I respect your opinions on this stuff but this has the 'reaching' feel. There was no reason other than they wanted to for raising the prices that much on gasoline in Lexington (the other towns followed).

Louisville jumped:

Lexington jumped more:

State of KY:

National:

 

[Adrenaline]

So anything you say the truth will be the opposite.

The price of gasoline is cyclical.

 

[crownjules]

Gas prices almost always fall this time of year.

Bingo. Here's the cyclical nature of oil prices.

Dec - Feb: On the rise due to the NE (densest population) using oil for heating.
March - May: Declines as winter heating needs decrease and there's not much travel this time of year.
June - Aug: On the rise due to everyone taking vacations and weekend beach trips and whatnot.
Sept - Nov: Travel season over and winter heating needs haven't kicked in yet.

Of course, spikes will happen due to concerns over supply (war in oil rich areas, inclement weather affecting production, refinery shut downs, etc).

 

[Londo_Jowo]

LOL, that's bullshit. Normally, I respect your opinions on this stuff but this has the 'reaching' feel. There was no reason other than they wanted to for raising the prices that much on gasoline in Lexington (the other towns followed).

Louisville jumped:

Lexington jumped more:

State of KY:

National:

I've seen hotel rates double and gas prices increase due to college games/events when I worked at several different university powerhouses over the years.

Though based on your charts it appears that this is a Kentucky wide problem. Maybe delivery issues.

 

[Anarchist420]

Maryland is psychotic with gas prices. In Columbia it's like 3.60 and in Laurel (~10 miles away) it's 3.19. It's like that all over the state nice areas are 40-50 cents more expensive than terrible areas.

O'malley is a tyrant but dont blame maryland. after all some of them want to secede.

 

[ussfletcher]

Expect gas prices to go down over the next couple years as domestic production catches up to domestic demand. The shale boom has already made the US the top producer of oil in the world, and its still surging.

 

[dmcowen674]

Expect gas prices to go down over the next couple years as domestic production catches up to domestic demand. The shale boom has already made the US the top producer of oil in the world, and its still surging.

Quoted for future laughter

 

[dmcowen674]

Back under $3.50 here in Indy just by a little bit.

Rockets and Feathers.

 

[Engineer]

Back under $3.50 here in Indy just by a little bit.

Rockets and Feathers.

Chart shows $3.42 or so in Lexington, but most of that is the surrounding smaller areas (Nicholasville, etc) that are much lower than Lexington - Metro. The smaller areas have went back down and Lexington has remained high (at least on the south side) dropping only to $3.49 from the $3.55 high (many are still at $3.55).

Edit: Looks like it's just the stations near me that haven't fallen as much. Many seem to be around the $3.39 (or lower) range in various parts of town now. Shouldn't have went to $3.55 anyway, as there was no perceived reason for it other than 'mo money'.

 

[MagickMan]

God I hope not. Otherwise you must think all Dems are idiots. (I'm sure you do anyway)

$3.259 Silverdale, Wa Costco this morning.

Of course not. After all, I did vote for Clinton, twice. However, Democrats aren't Democrats anymore, they're dyed in the wool Socialists and tools for the American trial lawyers lobby (aka. the American Association for "Justice").

$2.92 /gal yesterday

 

[SaurusX]

Austin suburbs -> $2.95 yesterday.

 

[EagleKeeper]

Central Mich ~$3.35 Dropped a dime in some places over the weekend.

 

[Engineer]

I guess Lexington made enough profit now as the prices are dropping like a rock. From $3.55 a few days ago to $3.22 at the station near the house.

 

[dmcowen674]

I guess Lexington made enough profit now as the prices are dropping like a rock. From $3.55 a few days ago to $3.22 at the station near the house.

Same here just west of you. Down to $3.29 today from $3.59

The oil thugs seem to be having a hard time coming up with excuses at the moment.

10-23-2013

http://finance.yahoo.com/news/oil-falls-near-97-ample-155602976.html

Oil falls to near $97 on ample supplies



The price of oil fell another 1 percent Wednesday on higher U.S. supplies of crude and weak demand for fuel.


Benchmark U.S. crude for December delivery was down $1.15 to $97.15 a barrel in midday trading in New York. The price has fallen 5 percent over the last week to its lowest level since late June.

Brent crude, which is used to price international oil used at many U.S. refineries, was down $1.32 to $108.65 per barrel.

The U.S. Energy Department said in a report issued Wednesday that oil inventories rose by 5.2 million barrels over the past week. That followed the government's report released Monday that showed a 4 million barrel increase in crude supplies for the week ended Oct. 11.


Gasoline inventories decreased by 1.8 million barrels, but supplies of both oil and gasoline are at the upper range of their average over the past five years.


Demand for fuels fell 1.5 percent compared to the same period last year.

Oil analyst Jim Ritterbusch said in a report Wednesday that the market looked "oversupplied" because of rising U.S. production.

Meanwhile, the national average price of gasoline fell less than a penny to $3.34 per gallon. Robust supplies and falling crude prices are expected to push gasoline prices lower in the coming days, possibly below this year's low of $3.29 per gallon, set on Jan. 2.

 

[SaurusX]

From a month ago:

Why Gas Prices Might Never Drop Below $3 Again

According to AAA, gas prices have been over $3 per gallon for more than 1,000 days. The last time gas prices were below $3 nationally was the day before Christmas Eve in 2010. Bah, humbug indeed.

Unfortunately, I think the trends are pretty clear that gas prices above $3 are simply here to stay. I see two factors playing a role here: Elevated oil prices and gasoline exports. Let's take a closer look how both are poised to keep consumers paying more at the pump.

...

The likelihood that triple digit oil prices are the new normal should keep gas prices stubbornly above $3 per gallon. Add to that increased gasoline exports, and that pretty much seals the deal that we won't be paying less than $3 per gallon anytime soon. I do at least have some good news, now that the summer driving season is over, gas prices are at least expected to moderate a bit. Consider that an early Christmas present.

 

[dmcowen674]

Shouldn't have went to $3.55 anyway, as there was no perceived reason for it other than 'mo money'.

The oil thugs never did give a reason for the jump over $3.50.

 

[EagleKeeper]

Market uncertainty - remember the political battle going on right when the last jump