- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Question about gas prices
Posted on 3/3/26 at 1:33 pm
Posted on 3/3/26 at 1:33 pm
Why the day an event happens gas jumps even though the fuel in the storage tank was bought at a lower price?
12
Posted on 3/3/26 at 1:35 pm to travelgamer
(no message)
This post was edited on 3/3/26 at 1:36 pm
Posted on 3/3/26 at 1:39 pm to travelgamer
Gas prices are based on replacement cost.
Posted on 3/3/26 at 1:42 pm to LSURussian
quote:
Gas prices are based on replacement cost.
bullshite, at least partially
You will never see gas drop $0.50 overnight, but we just had that kind of jump a couple days ago.
Posted on 3/3/26 at 1:42 pm to travelgamer
because you touch yourself at night
Posted on 3/3/26 at 1:42 pm to travelgamer
Do you complain when the price of oil drops and the price of gasoline drops in their storage tank even though it was refined from higher cost crude?
Posted on 3/3/26 at 1:46 pm to travelgamer
Just be glad they are not as vulnerable as crawfish prices!
Posted on 3/3/26 at 1:47 pm to travelgamer
This has been $15 for the last 20 years
Posted on 3/3/26 at 1:50 pm to travelgamer
Because some of us are tired of driving around with a pair of used truck nuts. We deserve to be able to buy some unused nuts.
Posted on 3/3/26 at 1:52 pm to LNCHBOX
quote:We would if crude dropped $15/barrel on a weekend night.
You will never see gas drop $0.50 overnight,
Posted on 3/3/26 at 1:53 pm to LSURussian
quote:
We would if crude dropped $15/barrel on a weekend night.
No you wouldn't. It didn't drop like that during covid.
Posted on 3/3/26 at 1:53 pm to LSURussian
quote:
Gas prices are based on replacement cost.
But when you hear about barrels prices dropping on the international market, it is usually 2-3 weeks before you see it dropping at the pumps.
Hmmm
Posted on 3/3/26 at 2:02 pm to wareaglepete
quote:Gas prices in the U.S. are based on WTI (West Texas Intermediate) crude prices not "international" prices, aka, Brent crude.
when you hear about barrels prices dropping on the international market, it is usually 2-3 weeks before you see it dropping at the pumps.
And yes, gas prices start reducing almost immediately following a drop in WTI. If they didn't then competitors who don't start reducing their price wiil experience an immediate reduction in their sales.
Gas prices are highly elastic.
Posted on 3/3/26 at 2:11 pm to LNCHBOX
quote:Actually, it did.
It didn't drop like that during covid.
Just prior to the declaration of the COVID emergency the average price of a gallon of regular gas in the U.S. was $2.57/gallon.
Once the emergency was declared on March 13, 2020 gas prices started falling steadily until they reached a bottom of $1.77/gallon in April.
Posted on 3/3/26 at 2:12 pm to travelgamer
Gas price people......LOL!
Posted on 3/3/26 at 2:28 pm to travelgamer
Because oil companies are greedy.
Posted on 3/3/26 at 3:15 pm to LNCHBOX
quote:
No you wouldn't. It didn't drop like that during covid.
At one point the price of a barrel of oil actually went negative.
Commodity brokers couldn't give it away to get it unloaded from leased tankers.
Posted on 3/3/26 at 3:49 pm to travelgamer
Because o&g baws can
Posted on 3/3/26 at 3:54 pm to keks tadpole
quote:
At one point the price of a barrel of oil actually went negative.
Commodity brokers couldn't give it away to get it unloaded from leased tankers.
Nowhere did I say the price didn't get very low. I'm saying that the cost at the pump did not drop $0.50 overnight like it recently just went up (approx).
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News