F... gas prices

If prices fall back under $3 I might start calling it cheap. Until then gas prices still suck.

I doubt gas ever goes below 3.25 again. It may drop to ~ 3.50 after the summer but the days of "cheap" gas are over.

Wow. We had a $0.54 increase today. Glad I filled up both cars yesterday.

Wow. We had a $0.54 increase today. Glad I filled up both cars yesterday.

That's the impact of Ike, all Gulf oil production has shut down for the time being.

Luckily it's just temporary. Once the storm is gone the price should revert back within a few weeks.

That's the impact of Ike, all Gulf oil production has shut down for the time being.

Luckily it's just temporary. Once the storm is gone the price should revert back within a few weeks.


funny how it can go up .54 cents overnight but it takes a few weeks for it to adjust down. pffff...

funny how it can go up .54 cents overnight but it takes a few weeks for it to adjust down. pffff...

It might have something to do with it being impossible to fix the busted oil rigs, pipelines, and refineries overnight.

But I'm sure the more likely explanation is an industry-wide conspiracy to gouge you of every red cent.

It might have something to do with it being impossible to fix the busted oil rigs, pipelines, and refineries overnight.

But I'm sure the more likely explanation is an industry-wide conspiracy to gouge you of every red cent.


If Texas makes a quarter of our gas why does that affect all of the gas prices?

To be honest I have a two mile round trip commute to work each day (I walk most days) so it is not a big deal to me. I just feel for people who are hand cuffed by gas prices.

It might have something to do with it being impossible to fix the busted oil rigs, pipelines, and refineries overnight.

But I'm sure the more likely explanation is an industry-wide conspiracy to gouge you of every red cent.
Even if everything was immediately 100% operational, it would still take a week or so to get back down to the previous price. That's just businesses being cautious - it's not a conspiracy.

Even if everything was immediately 100% operational, it would still take a week or so to get back down to the previous price. That's just businesses being cautious - it's not a conspiracy.
Well I have taken your view in the past but the increase in price and or the effect from Ike could not have allready hit the stations around the US. So the gas in the ground at these stations was paid for at the lower cost before Ike so it should have not made pricees jump like this. Now after the stations have to refuel with more expensive gas then I could understand the jump in price.

If I'm not mistaken. If you are purchasing gas to sell at a station you need to have the cash available for future purchases. Let's say you buy 100 gallons of gas for $100 now. You sell it for 10% markup and make $110. You have made $10 profit. Now next week gas goes up to $120 for 100 gallons. You don't have enough from last week's sales, you're $10 dollars short. Thus you need to sell it at a price that believe will keep you operational. There is no conspiracy only entrepreneurship.

funny how it can go up .54 cents overnight but it takes a few weeks for it to adjust down. pffff...

I stand corrected my gas dropped .15 cents over night. Amazing.