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Author Topic: Gas Prices Going Down in Your Town  (Read 22148 times)

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knothead

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Gas Prices Going Down in Your Town
« on: November 03, 2014, 09:42:58 PM »

Just filled up today in Houston for $2.45 a gallon...
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Re: Gas Prices Going Down in Your Town
« Reply #1 on: November 04, 2014, 05:36:02 AM »

Damn, I thought $2.82 last week was a bargain (well, compared to anything else we've seen in the last 5 years :-\ )
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pkl

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Re: Gas Prices Going Down in Your Town
« Reply #2 on: November 04, 2014, 06:42:57 AM »

New convenience store opened across from another in Brandon. Mini gas war had it to $2.29. Slid back to $2.49 which is still good
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kiro

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Re: Gas Prices Going Down in Your Town
« Reply #3 on: November 04, 2014, 07:48:26 AM »

Down a bit in my area but still the cheapest around is about $3.00 a gallon.
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FLSTFI Dave

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Re: Gas Prices Going Down in Your Town
« Reply #4 on: November 04, 2014, 08:45:22 AM »

Yea gas is down pretty low in my area.  found 93 octane just under 3 dollars a gallon.
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Re: Gas Prices Going Down in Your Town
« Reply #5 on: November 04, 2014, 08:56:41 AM »


Don't get too excited guys.  It won't take long for the speculators to find some unrelated "problem" somewhere in the world to justify jacking those prices right back up.  I'm so used to seeing that around here that I automatically assume any time the retail price of gasoline drops to $3.00, we will be hearing very shortly about some conflict in some other part of the world that justifies jacking up prices here immediately (even though the crude the local refineries are using was purchased under contract and that price isn't affected).  OR, we get the story about having to shut down a refinery or two for maintenance, or having to switch over to winter blend from summer blend or vice verse, etc..  There is always an excuse, and for many years the biggest trigger has been anytime retail prices dropped toward $3.00 and the "experts" are predicting even lower prices, magically we see prices in this area start to climb instead.  It's all a game, and while it might be fun to pizz and moan about it and use it as a conversation starter, similar to talking about the weather, ultimately it's all out of our control.

Jerry
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Re: Gas Prices Going Down in Your Town
« Reply #6 on: November 04, 2014, 10:59:42 AM »

Yeah Jerry that is the way it goes. Another thing to beware of when prices drop is the government feeling like now is a great time to increase fuel taxes since the cost of fuel is so cheap and we now would not complain as much...but then when price of fuel goes back up...and of course it will...they never lower or remove the tax. Just saying...
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skratch

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Re: Gas Prices Going Down in Your Town
« Reply #7 on: November 04, 2014, 03:18:46 PM »

Don't get too excited guys.  It won't take long for the speculators to find some unrelated "problem" somewhere in the world to justify jacking those prices right back up.

i don't even think it'll take that.  i'm guessing that as soon as the midterm elections are over, gas will be back up to 'normal'.....
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Re: Gas Prices Going Down in Your Town
« Reply #8 on: November 04, 2014, 03:22:54 PM »

today at the local QT it was $2.47 for regular, $3.77 for 93 and $3.14 on diesel
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Re: Gas Prices Going Down in Your Town
« Reply #9 on: November 04, 2014, 03:44:27 PM »

i don't even think it'll take that.  i'm guessing that as soon as the midterm elections are over, gas will be back up to 'normal'.....
Yep, welcome to the month before elections!
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Re: Gas Prices Going Down in Your Town
« Reply #10 on: November 04, 2014, 03:47:13 PM »

We dropped down to $2.55 for regular now back up around $2.73 depending where you go.
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Re: Gas Prices Going Down in Your Town
« Reply #11 on: November 04, 2014, 03:55:29 PM »


Yesterday here in my little corner of the world the average price for regular was $2.879, and the experts were predicting it would continue to decline.  This morning the Speedway stations had jacked their price up to $2.999.  When the price here first hit $2.999, Speedway (Marathon) did the same thing, within a few days they bumped their price overnight back up to $3.099.  That time it didn't stick because the competitors didn't follow suit, and in fact dropped their prices a couple pennies.  This is what I mean about the local distributors playing games.  The cost of crude to the refineries is continuing to decline, we are in a period where we no longer produce the higher cost summer blend, demand has dropped with the end of the summer travel season, and supply is more than adequate.  If the market truly responded to the laws of supply and demand as they and our government would like you to believe, there would be no excuse or justification to raise prices twelve cents per gallon overnight.

Jerry
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knothead

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Re: Gas Prices Going Down in Your Town
« Reply #12 on: November 04, 2014, 05:22:06 PM »

We have a surplus of crude oil in Houston today. All the rail yards , barges, ships, and holding tanks are FULL of crude oil. Crude dropped to under $80.00 a barrel today. The drilling rigs are starting to shut down because of the over supply of crude today. The Texas economy flows thru oil rigs... I'd rather pay $4.00 a gallon..
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Re: Gas Prices Going Down in Your Town
« Reply #13 on: November 04, 2014, 08:27:25 PM »

We have a surplus of crude oil in Houston today. All the rail yards , barges, ships, and holding tanks are FULL of crude oil. Crude dropped to under $80.00 a barrel today. The drilling rigs are starting to shut down because of the over supply of crude today. The Texas economy flows thru oil rigs... I'd rather pay $4.00 a gallon..

Yup, Several Jack up companies are laying people off due to low crude prices.  I would like it to stay around 85$ a barrel. 
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Doniwin

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Re: Gas Prices Going Down in Your Town
« Reply #14 on: November 04, 2014, 09:35:46 PM »

Gas in central Florida around $2.93 wish it was .93 cents.
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