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Why are gas prices still so high?
Posted on 3/19/20 at 10:39 am
Posted on 3/19/20 at 10:39 am
Oil has tanked yet we are still paying close to two bucks a gallon. Why? Profit takin? According to the numbers, we should be paying around 1.40 gal. Any of you truck nut baws want to weigh in?
16
Posted on 3/19/20 at 10:41 am to The Shed
There is literally a thread about a gas station charging $0.99/gal on the front page.
Posted on 3/19/20 at 10:41 am to The Shed
I was wondering this morning how much gas is at that Bocage gas station on Jefferson? Any of you BR folks know? That shite is always like 30+ cents higher than anywhere else. Cheapest I saw it today outside of Nashville was $1.83
Posted on 3/19/20 at 10:42 am to McCaigBro69
Yes, in Wyoming or something. I dont live there
Posted on 3/19/20 at 10:42 am to The Shed
The priced is based on the cost of the gas already produced and in the tanks.
Posted on 3/19/20 at 10:42 am to sweetwaterbilly
quote:
was wondering this morning how much gas is at that Bocage gas station on Jefferson? Any of you BR folks know? That shite is always like 30+ cents higher than anywhere else. Cheapest I saw it today outside of Nashville was $1.83
shite, the auto car wash there used to cost like $60 to use
This post was edited on 3/19/20 at 10:43 am
Posted on 3/19/20 at 10:43 am to The Shed
$1.55 gas at sams in denham springs 
Posted on 3/19/20 at 10:43 am to The Shed
I haven't been driving much in the past few weeks but is seems some places are slowly falling and some are holding steady around $2
Posted on 3/19/20 at 10:44 am to theCrusher
Thats true, but why does it rise so fast at the stations as soon as the price per barrels increases
Posted on 3/19/20 at 10:45 am to The Shed
The trickle down effect is not immediate. Those gas stations still purchased their current supplies at a higher price because their current supplies were refined when a barrel of oil was priced higher.
Posted on 3/19/20 at 10:45 am to The Shed
1.65/gal in TX
Posted on 3/19/20 at 10:47 am to theCrusher
When the price of oil goes up, you see an immediate corresponding jump in prices. But when oil plummets, prices creep down. Can one of you economists explain this.
Posted on 3/19/20 at 10:47 am to The Shed
quote:
Thats true, but why does it rise so fast at the stations as soon as the price per barrels increases
Because they charge what it takes to replace the gas in the tanks.
Use whichever number is higher.
Posted on 3/19/20 at 10:47 am to The Shed
Prices in St. Tammany are the same they were a month ago
Posted on 3/19/20 at 10:48 am to The Shed
Got it for 1.62 last night
Posted on 3/19/20 at 10:50 am to theCrusher
quote:
The priced is based on the cost of the gas already produced and in the tanks.
I love this, and it makes sense...but if oil were to rise $30 over night the price at the pump would almost automatically reflect the increase...why is that?
Posted on 3/19/20 at 10:50 am to The Shed
Were you around during the Summer of 08?
Posted on 3/19/20 at 10:50 am to UpToPar
That explanation only works for a few days until the next truck comes in. We're getting fricked.
Posted on 3/19/20 at 10:51 am to The Shed
Gas stations are going to charge whatever people are willing to pay. This isn't rocket science.
Posted on 3/19/20 at 10:51 am to Cool Hand Luke
We're getting fricked!
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