Gas Prices - The Downward Spiral

[Kimiko]

Bout 2 weeks ago, prices in Columbus OH were $4+ a gallon. As of today, we're now at 3.60-3.70 (lowest is 3.58 a gallon). Question is, how's gas prices in your neck of the woods, and can they continue this downward trend?

[Correction]

Barely nudging downwards in Los Angeles. Cheapest I'm finding is still almost 4 bucks and a quarter. That's the rock-bottom price, $4.30+ is more common.

[miokomioko]

San Francisco has, at least lately, been the leader in ridiculous gas prices... Unleaded $4.50 to close to $5 for premium.

edit: After a little research that appears to be the overall trend for a majority of California. Go us.

[Falisa]

Its nice from it being about $4.80 a few months ago, and now saw it for $4.25 today.

[Zalius]

they do this every summer. people need gas and ac, and will continue to use both. some people will conserve but they'll still be making really good profit. then, come the cooling season the gas prices drop down to a more "reasonable price". the thing is, at the end of the hot season they'll still be charging more than they did before the hot season, if that makes sense.

here i'll make a flowchat

Fall($X) Winter[$X-(4 to 10%)] Early Spring[$X+(1-10%)] Summer [$X+(15-30%)]

->

Fall[$X+(5-10%)]

so compared to summer, it looks like youre saving money but really theyre just boosting profits while adjusting to annual inflation.
edit: also more cars being produced/people buying hybrid cars and slowing profit down slightly

[Ivve]

Maybe I'm just fucking stupid, but I really don't understand why gas prices suddenly leapt like they did. What exactly happened to drive them so high?

[Vandole]

no clue ivve....

here in my town it went from 4.08 a gallon to 3.88 O.o;

[anathema]

Maybe I'm just fucking stupid, but I really don't understand why gas prices suddenly leapt like they did. What exactly happened to drive them so high?

so people will think 3.50 is "cheap"! still getting sodomized, just by a smaller dildo

[Tricen]

so people will think 3.50 is "cheap"! still getting sodomized, just by a smaller dildo

Who's says getting sodomized sucks?


Also, wasn't the name of the plague in the Pendemic2 tutorial named Anathema?

[octopus]

It will continue to go down until the election, and then mysteriously go back to ridiculous levels right after it!

/conspiracytheory

[Not Kuno]

Maybe I'm just fucking stupid, but I really don't understand why gas prices suddenly leapt like they did. What exactly happened to drive them so high?

It seems you havn't met my good friend Mr. Oil Peak. (it quite a few years old though, still a good read however)

[Ratatapa]

here in quebec was 1.50/l

now it's 1,27$/l but it won't last

[Cesaria]

I'm in England so we always pay through the nose for fuel.

Couple of weeks ago when I filled up was £1.16 a litre (cost me like £50 to fill my car up and I don't have a stupidly large car), now it's dropped back down to £1.13 but we pay a retarded amount of tax on top of the cost of fuel.

[Quixon]

It's down about a bit in NY.

I paid $4.17 yesterday, it was up to 4.40ish a couple weeks ago.

[Reality]

~$3.80 here in central IL

[Aerides]

I paid $4.34 this week instead of $4.49 last. Of course the pundits are trying to say the current swing is because Bush lifted the federal ban on offshore drilling last week.

[desertigloo]

http://www.iht.com/articles/ap/2008/...ery-Strike.php
http://article.wn.com/view/2008/06/1...rror_prevails/

those were pretty major contributers to the sharper increase in gas prices than usual.
iirc the strike ended and people are nice and happy in nigeria (well notrly but maybe).
It's been a steady ~4.00 at the gas station closest to me in boston for a couple of weeks.

[Attila]

We dropped .10 here earlier in the week, sitting pretty at 3.79 currently.


Edit:

I paid $4.34 this week instead of $4.49 last. Of course the pundits are trying to say the current swing is because Bush lifted the federal ban on offshore drilling last week.

this is could be in a minor way, only b/c speculation and shit is how the world turns, but if that's the case, it'll probably go back up soon

[Guyverarmor]

Even being in texas, still paying 3.97$ for gas over here. It's like I wam living in cali again back in 2003

[Blabj]

Some stock investor just sold all his oil at the right time, inc. market plummeting as people sell sell sell to cut their losses.