Noticed the price of gas has gone down.

[Anarchist420]

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

 

[blackangst1]

Not where Dave lives.

 

[xBiffx]

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

Found it.

 

[Engineer]

Not sure but it did...until today.

Gas was $3.09 in Lexington this morning. Was $3.45 by noon.

(note: Some stations were still @ $3.09 in the evening but 'usually', they will all change in a day or so).

 

[Abraxas]

http://gasbuddy.com/gb_retail_price_chart.aspx?time=3

According to this it has been on the downslope since the end August. Perhaps it is down because the summer travel season came to a close?

Relationship to shutdown not found.

 

[Fern]

I would expect to rise. Much of the production was shut down due to the tropical storm in the Gulf this weekend.

Fern

 

[drebo]

I'd imagine that it went up based on the speculation of war in Syria and when that didn't happen, it went back down.

 

[Londo_Jowo]

Gas prices have been dropping for over a month. I paid $2.85/gal w/discount today.

 

[Londo_Jowo]

I would expect to rise. Much of the production was shut down due to the tropical storm in the Gulf this weekend.

Fern

I expect the prices to dop due to shifting to winter blend (no special formulation). As for refineries shutting down there were none as the storm died out and the are designed to operate in tropical storm conditions.

 

[Anarchist420]

I'd imagine that it went up based on the speculation of war in Syria and when that didn't happen, it went back down.

That was probably it. I was going to mention (in my OP) that the possibility of a war against Iran being reduced wound up reducing gas prices.

 

[Engineer]

This will be even higher over the next day or so (based on the fact that over 50% of Lexington has already jumped).

Edit: And it really pisses me off to no end as there is NO reason for the huge hike (nearly 12%) today.

 

[Svnla]

$2.99/gal in DFW surbs and $3.00/gal in northern Louisiana as of today.

 

[dmcowen674]

Not where Dave lives.

That would be correct.

In fact jumped from ~$3.19 to ~$3.45 last night.

That ~$3.19 was short lived and lowest I had seen in at least 4 years.

 

[charrison]

This will be even higher over the next day or so (based on the fact that over 50% of Lexington has already jumped).

Edit: And it really pisses me off to no end as there is NO reason for the huge hike (nearly 12%) today.

Something break in local distribution? National prices still seem to be dropping.

 

[Hayabusa Rider]

That would be correct.

In fact jumped from ~$3.19 to ~$3.45 last night.

That ~$3.19 was short lived and lowest I had seen in at least 4 years.

We're 30 cents a gallon more and that's cheap but NY sucks the life out of everything with taxes.

 

[exdeath]

Don't worry, someone in the middle east will fart again and back we go.

 

[Engineer]

Something break in local distribution? National prices still seem to be dropping.

No, Lexington has been known to do this for years. You can see it in many of my posts. They trickle down and then boom, ramp up like hell....then trickle down...repeat. By the way, it starts here in Lexington on the spikes and then spreads to much of central Kentucky. Then, central Kentucky starts down and Lexington follows them but the rest are usually lower than Lexington. It's like 1/3 of the state suddenly raises prices at the same time. I'm sure it's just 'supply and demand' though.

 

[OutHouse]

Gas prices have been dropping for over a month. I paid $2.85/gal w/discount today.

nice! denver is still around 3.49

 

[OutHouse]

This will be even higher over the next day or so (based on the fact that over 50% of Lexington has already jumped).

Edit: And it really pisses me off to no end as there is NO reason for the huge hike (nearly 12%) today.

fizzled out hurricane?

 

[Engineer]

fizzled out hurricane?

No, see my post above. This has become the 'norm' for Lexington over the last 5-10 years.

Here is a one year chart. Notice the sharp 'up' with the more gradual downs?

 

[waggy]

it's still 3.49 here. damn

 

[Spungo]

Supply and demand. Demand for gasoline is way down during the shutdown because the government typically uses millions of gallons of gasoline to make money burn faster.

What's ironic is that burning money would actually be a good thing. When companies do this, it's called share buyback and it makes each share worth more. Burning big piles of money would make the value of money go up.

 

[OverVolt]

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=A103600001&f=M

Thats why. Demand isn't as elastic as they thought eh!

Last time that little gas was refined here was as far back as.... oh wait its off the chart.

 

[Adrenaline]

http://gasbuddy.com/gb_retail_price_chart.aspx?time=3

According to this it has been on the downslope since the end August. Perhaps it is down because the summer travel season came to a close?

Relationship to shutdown not found.

I work in the oil industry. This in bold is why.

 

[dmcowen674]

I work in the oil industry.

This in bold is why.

So anything you say the truth will be the opposite.