Richmond Jake
Cyburbian Emeritus
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I paid $3.59.9 on my lunch break today. :not:
$3.68 for mid grade...I hate how signs now only show the low grade.
True dat vancity. Our gas prices are pretty low compared to many other countries, even at the 4.39 a gallon I am currently paying. The most telling thing about us Americans is that at 2 dollars a gallon or closer to 5 a gallon, we can mostly afford it and don't drastically change our driving habits. Why should the oil and gas companies not charge what we are willing to pay? I know plenty of people who drive giant gas guzzling trucks, and constantly complain about gas prices, yet continue to drive even the 1/2 mile from their house to work instead of walking or biking. I think for some reason Americans in particular feel like driving and cheap gas is some sort of God-given right. In a weird way, I think it actually is.
Does anyone else have to deal with tiered pricing for gas? Many places here have a ten cent surcharge per gallon for paying with credit.
Why do you think that gas prices are so much higher than when this thread started. Have you changed your driving habits?
It is this thing called supply and demand for a commodity that is traded globally, irregardless of why it is pumped and refined. While additional states like CA have high taxes on a per gallon basis, overall gas is based on the price per barrel, which has actually stayed relatively consistent since 2010. As economies begin to ramp up, particularly the US/ EU and the still tremendous growth that has slowed, but in comparison to the US/EU is high in a pure dollars and sense value in China and the Asian Sub-Contentent, gas prices will continue to rise.
Crude is also venerable to geo-political swings such as conflicts in the middle east, etc.
Taking all this into consideration, raising gas prices is a good economic indicator that economic demand is strengthening.
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Here, this explains everything you need to know about gas prices.
Is there anything else besides gas that people buy on a daily basis that has as much fluctuation in price?
What other commodities do consumers have daily contact?
Excuse me, but I need to go buy a couple bushels of wheat - gotta make some bread this weekend.
But the gasoline we buy at the station isn't a commodity. The oil is. We're not buying the oil, just like we're not buying the wheat.
I guess the market fluctuations on the oil are so much greater than any other commodity, that it causes that much of a price swing in the end product - gasoline?
Hit the Speedway yesterday afternoon for $3.18, then this morning it was $3.49. Nice way to save 10% per gallon by jumping on it on the weekend.
$3.29 in Indiana.
2.95 in Dallas this a.m.
I found an interesting map that shows average gas prices by county:
http://gasbuddy.com/gb_gastemperaturemap.aspx