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Educate me on the price of gasoline.
Posted on 4/20/20 at 6:11 pm
Posted on 4/20/20 at 6:11 pm
My Saturday unfortunately required a drive through Arkansas up to Little Rock.
The lowest PPG I saw in Little Rock/Benton/Bryant was $1.03.
The average place was $1.13 or so.
In North La it is $1.45 to $1.65.
What’s behind that?
The lowest PPG I saw in Little Rock/Benton/Bryant was $1.03.
The average place was $1.13 or so.
In North La it is $1.45 to $1.65.
What’s behind that?
This post was edited on 4/20/20 at 6:11 pm
13
Posted on 4/20/20 at 6:12 pm to Scoop
Price gouging
Posted on 4/20/20 at 6:12 pm to Scoop
quote:
What’s behind that?
Crooked Louisiana politicians
Posted on 4/20/20 at 6:12 pm to Scoop
State taxes are a big driver
Posted on 4/20/20 at 6:13 pm to Scoop
I heard it was like 80 cents in New Orleans some place. I think it gets higher overall as you get away from where it’s shipped from some but overall it’s pretty random and a copy cat game.
Posted on 4/20/20 at 6:13 pm to Scoop
Taxes?
Posted on 4/20/20 at 6:13 pm to Tyga Woods
I saw it for $1.19 today in BR. Transportation costs probably factor into some of that.
Posted on 4/20/20 at 6:16 pm to Scoop
Federal, state and county taxes are in there.
Posted on 4/20/20 at 6:18 pm to Jack Daniel
quote:
Federal, state and county taxes are in there.
Louisiana has fairly low gas taxes. We are bottom 5 I believe. Not sure if there are local taxes applied in some markets.
Posted on 4/20/20 at 6:19 pm to Scoop
Historically, it has been tied to the price of crawfish, and vice versa. So if there was some adverse activity in the gasoline world, like an explosion in the Gulf or a war in the middle east, the prices of gas and crawfish would go up. Or if the crawfish fields got flooded or not enough water, then crawfish and gas prices would go up, too.
We've actually never seen them go down. I think the correlation still stands, though.
We've actually never seen them go down. I think the correlation still stands, though.
Posted on 4/20/20 at 6:19 pm to Scoop
Taxes. That's why our roads are some of the best in the nation. Oh wait. 
Posted on 4/20/20 at 6:19 pm to Scoop
If the price went down, they say they have to charge more because they bought the gas in their storage tanks before the price went down.
If the price went up, well it's because the price went up, duh.
If the price went up, well it's because the price went up, duh.
Posted on 4/20/20 at 6:20 pm to Scoop
This chart is from a few years ago, but you get the general idea:
Posted on 4/20/20 at 6:20 pm to Scoop
This chart is from a few years ago, but you get the general idea:
Posted on 4/20/20 at 6:21 pm to Scoop
Paging Alfred Marshall
Posted on 4/20/20 at 6:24 pm to JudgeHolden
Not taxes
Posted on 4/20/20 at 6:28 pm to Scoop
Most of the regional variance is some combination of:
- Tax rates.
- Distribution cost associated with transporting gasoline to that region.
- Pricing for particular branded gasoline available in that region (Shell-branded gas sells for a different price than, say, Freedom Fuel).
- Good ole supply and demand. Gas almost always costs more in affluent areas because people are willing to pay more instead of driving to the ghetto.
Posted on 4/20/20 at 6:29 pm to fallguy_1978
quote:
Transportation costs probably factor into some of that.
Spoken like a true white collar oil/gas man.
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