Crude oil 80.40 Prices per gal should be 2.30 ? Should we start a phone campaign?

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Should we start a phone campaign?

are still gouging in Massachusetts. I spoke to a station owner and he said this is the most he ever made as an owner this month. He is making .25 cents per gallon

2.50 in Oklahoma City
2.85 in my hometown, seventy miles from OKC

Many of our stations are still running out of gas.

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Stock up, it's gonna be a long winter.

You take the Nymex gasoline price (currently $1.97/gal) and add $0.60 for delivery and taxes, and that should be your price. It should vary by state and by area (distance from refinery) but it generally holds pretty true.

As far as why the prices aren't there...we're being screwed a little. When the wholesale price jumps today, the pump reflects it tomorrow...when the wholesale price drops, it creeps down very slowly. It's very common, that a station owner increases prices when he gets an increase, but only decreases it when the station across the street does so.

Some areas are very close to $2.57 already, which would be the true average price. Louisville is still $3.25. Indianapolis is $2.80's

Sometimes it pays to live next to a refinery.

I may not know the truth, but I know when I'm being lied to...

Let me play devils advocate for a minute:

Many local gas stations have had to 'eat' most of their profit margin this past year. A few weeks of this cheap oil and high prices might encourage the owners to stay in business a little longer.

My friend owned 4 gas stations. Earlier this year he sold 3. Now, because the bailout passed, he is planning on selling his last one. He has lost half of his savings this past couple of months and unfortunately (for consumers), I think he is trying to make it back while he still can...

It depends on where you are. Here in the Rio Grande Valley of deep south Texas regular is going as cheap as $2..69. It will probably drop some more.

Remember that you can't figure a strict proportion between crude and finished product, because the taxes are a constant.

Saw it for 3.40 and there were about 40-50 cars waiting. Where it's available is $3.70-4.00/ gal.

What goes up does not necessarily want to go back down. Remember the sugar shortage scam under Carter? The price of sugar went through the roof due to a fake shortage. Funny thing, it never went back to anywhere near previous prices.

Pat

BOHICA!!

Gasbuddy.com says the average is 3.31

http://www.gasbuddy.com

though the highest gas prices are in my neck of the woods so far! $3.49 a gallon is the lowest I've seen! :-(

I'm a girk! Chatta me kort please!
New math!
Rolling money bomb
https://www.coasttocoastm...

within the next 6 mos?

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RonPaulLincoln
showed a place in the northeast with $1.99 a gallon and it was not a promotion. Kingman, AZ prices about $3.14 ish

The day-to-day price of gasoline at the pump in the US depends on quite a bit more than the price of crude oil. There are much bigger things to be concerned about right now. Move along. There's nothing to see here.

Saw this in the news this morning, and Googling "gas price $3" brings up a lot of reports on the phenomenon.

Here's one: Gasoline Below $3 May Be Coming Soon -- excerpt:

The Energy Information Administration's official forecast, released Tuesday, predicts prices at the pump will average $3.56 a gallon this year and in 2009.

The price of crude is expected to climb back up to $120 a barrel by April and average $112 a barrel through 2009, the agency said.

But those projections were based on economic forecasts from mid-September. The financial crisis that helped send the Dow Jones industrial average down another 508 points Tuesday has economists rethinking their assumptions.

Those wacky economists. They have a lot of assumptions to rethink.

Gas sure hasn't fallen below $3 (or even close) here in CA, but even if the barrel price does go way down, my guess would be it's a slingshot pose, to be followed with a skyrocketing price.

per gallon

$2.83 in Akron, Ohio area (according to my sister) but still $3.15 here in northern Virginia.

I've been saying this for days now.

I'm thinking about reporting to the State Attorney General for price gouging.

Denver/Boulder is still between 3.30 - 3.40

Dunno, but don't get too accustomed to it staying at $84. It will begin skyrocketing again soon, due to hyperinflation.

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Just an FYI.
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