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Old 08-16-2008, 02:19 AM   #1
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Gas prices dropping.

A month or 2 ago it was 138 dollars per barrel now its 116 per barrel..

I can see the change slowly at the pumps..

I wonder if it would ever drop below 3.50 per gal.

Anyone rememmber whar gas prices were at 116 per barrel?

Sucks for those who sold the jeeps..

I hope the demand for oil gas will stay this way.. I know I am more conservative about my driving eventhough gas prices are dropping.

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Old 08-16-2008, 07:14 AM   #2
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i can't stand that oil prices took the biggest decrease they ever have in history recently, and the prices at the pump slowly went down 10 to 20 cents. oil has never dropped $15 a barrell in a week or two ever before.

now when oil goes up .25 a barrel, gas goes up 5 to 10 cents a gallon immediately. oil goes down $15 gas goes down .10 to .20 very slowly, and now they are going up slowly again in my area, back to $4 now.

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Old 08-16-2008, 08:19 AM   #3
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I actually got gas for $3.45 yesterday....


too bad it was in a company vehicle and not my jeep.
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Old 08-16-2008, 11:00 AM   #4
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Must be nice, Gas here just fell from $4.15 to $4.00. It would be nice to see a HUGE change maybe a dollar difference.

Diesel: $4.70 to $4.20 VERY NICE!
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Old 08-16-2008, 11:33 AM   #5
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3.99 here yesterday.
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Old 08-16-2008, 11:39 AM   #6
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Keep in mind that the prices the retailers pay is based on not what it cost them at the time but what it will cost them to refill/replace what they sell as prices are rising, thats why it goes up so fast. The reverse is true also, they really can't sell it on Wednesday for less than they paid for it on Monday without loosing money. The retailers really do make squat on the gas they sell, they make their money on coffee, donuts, milk, cigs, lottery tickets, etc, the gas is just a 'draw' to get people in to the pumps and a 'gee, while I'm here' kinda purchases. so yea, it is going to come down slower. I read a blurb on CNN about the gas suppliers trying to keep the price up, the suppliers are the middle men that buy from the refineries and sell to the retailers, they never touch the product, it's all on paper and storage tanks that contractors deliver. Those middle men have made a killing over the last 2 years that puts companies like Exxon and Shell to shame.
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Old 08-16-2008, 11:56 AM   #7
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Splain this:

In our town prices are 3.65 at just about every station. Maybe one or two a cent or two cheaper. In the town 12 miles away it is .08 cheaper. In the town 30 miles away it is .22 cheaper. We have at least 3 distributors in our town. They also supply gas to the town 12 miles away which is .08 cheaper than us.
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Old 08-16-2008, 12:10 PM   #8
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Quote:
Originally Posted by Dare2BSquare View Post
Splain this:

In our town prices are 3.65 at just about every station. Maybe one or two a cent or two cheaper. In the town 12 miles away it is .08 cheaper. In the town 30 miles away it is .22 cheaper. We have at least 3 distributors in our town. They also supply gas to the town 12 miles away which is .08 cheaper than us.
There is no explaining it, the local dealers could have had breakfast one morning at a chamber of commerce meeting and come to an agreement, illegal yes, it's fixing prices, tough to prove in court.
In our area the gas was $.15 cents cheaper in the allentown area 20 miles away, it made the papers and then magically one morning the prices down there matched the prices up here, our prices did not drop, they raised theirs.
I buy my gas in NJ, it's always $.25 cents cheaper than PA, state tax is higher here. Thats why I haul 5 blitz cans with me when I go down, saves me a $1.25 a can, better that $6.25 in my pocket than someone else's.
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Old 08-16-2008, 01:52 PM   #9
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Oh, it's been in the papers here, too. People asking for an explanation of how prices can be .22 cheaper only 30 miles away. It seems like all the stations here in town watch Murphy's prices (Wal-Mart) and go with the same. So, there is no need for a breakfast meeting, you just go by what Wally does.
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Old 08-16-2008, 02:33 PM   #10
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Originally Posted by Dare2BSquare View Post
Oh, it's been in the papers here, too. People asking for an explanation of how prices can be .22 cheaper only 30 miles away. It seems like all the stations here in town watch Murphy's prices (Wal-Mart) and go with the same. So, there is no need for a breakfast meeting, you just go by what Wally does.
Where that breaks down is the first guy to say 'Hmmm, .02 cents cheaper' that can start a gas war
If they all stay with the same price there is some kind of 'gentleman's agreement' at work. By any other name, price fixing at it's finest and if they are all member of the chamber, local country club or whore house it's a done deal..

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