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re: Gas went from 1.65 to 1.99 in less than a week at a station near my house
Posted on 2/11/15 at 12:10 pm to magildachunks
Posted on 2/11/15 at 12:10 pm to magildachunks
Winter gas is "supposed" to be the culprit.
0
Posted on 2/11/15 at 12:10 pm to magildachunks
quote:
Is this the same prince that said we'd never see 100 bbl again?
Different Prince. That was Prince Alaweed.
Posted on 2/11/15 at 12:11 pm to magildachunks
Think so. He is also fool that has squandered billions of dollars.
Posted on 2/11/15 at 12:39 pm to FelicianaTigerfan
Profit margins on top of rising supply cost is what drives them up VERY QUICKLY. Competition with others is what drives them down VERY SLOWLY.
Posted on 2/11/15 at 12:42 pm to Jtigers99
Just watch the crude oil price daily. Your local station will go up/down based on this. No secret.
Posted on 2/11/15 at 12:50 pm to Horsemeat
quote:
US rigs cutting production, scumbags and shitheads want the gas back to $3 so they can make more record profits so that the queens on the rigs can buy their F-350 lift kits BAW.
You've no idea how the O&G business works. The rig count is down but that has nothing to do with current oil production. Also, no one in the oil field gives a shite what the price of gas is - they are much more concerned with a barrel of oil. The recent uptick in gas has everything to do with the strike at the refineries, not a major surge in oil prices.
Furthermore, EVERY smart business controls production/supply in order to meet consupmtion/demand at a level that is profitable for them. If anything, the oil production companies themselves are guilty of some pretty shitty planning since they are the main reason their product has lost half of its value in the last year or so. Lucky for you they didn't have the foresight to scale back sooner or gas would have never dipped below $3.00 in the first place.
Posted on 2/11/15 at 1:09 pm to Topwater Trout
quote:
never really paid attention but do the prices rise and fall at the same rate? i am guessing they rise quicker than they fall.
Generally speaking, declining oil prices are more gradual than the increases, and that is often reflected in the price of gas as well.
That being said, according to AAA, the national average is up to $2.21 after bottoming out at $2.04 in late January - a gain of 8.33%. In that same time period - including the losses the last few days - oil is up approximately 11%, and was up as much as 19.38% as of Friday.
It appears to be pretty fair and reasonable to me, and if anything, it is increasing slower than oil has risen.
Posted on 2/11/15 at 1:19 pm to Jtigers99
Mine went from $1.82 to $2.42!!!
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