So have your gas prices dropped yet ? | FerrariChat
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So have your gas prices dropped yet ?

Discussion in 'Other Off Topic Forum' started by Prova85, Sep 8, 2005.

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  1. Prova85

    Prova85 Formula 3

    Nov 13, 2003
    1,996
    So. Shore MA.
    Full Name:
    Kenny K
    #1 Prova85, Sep 8, 2005
    Oil has now dropped nearly 6 bucks a barrel to just over $64 and 3 of the major pipelines coming out of the Gulf area are back online and at about 80% capacity . The price of gas in my neck of the woods hasn't budged.

    Prices can go up daily when the cost per barrel increases but when they drop the the price of gas doesn't change nearly as fast. More evidence that the oil companies are price gouging. Their costs drop and ours stay the same equals even greater record profits for the oil producers. Oil companies and their fat cat management are reaping record profits on the the backs of a lot of American's hardships and miseries to pay for their gas. When is this madness going to stop ?
     
  2. Evolved

    Evolved F1 Veteran

    Nov 5, 2003
    8,700
    #2 Evolved, Sep 8, 2005
    January 7, 2009.
     
  3. Ashman

    Ashman Three Time F1 World Champ
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    Sep 5, 2002
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    John
    #3 Ashman, Sep 8, 2005
    How do you know that it is the oil companies and not the gas station operators?

    John
     
  4. 134282

    134282 Four Time F1 World Champ
    BANNED

    Aug 3, 2002
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    California
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    Carbon McCoy
    #4 134282, Sep 8, 2005
    It was a nationwide occurance - no coincidence that there was a big gas scare RIGHT before labor holiday weekend, either... i don't think all of the owners of gas stations across the country got together and plotted this out... This was deliberate and orchestrated nationally by the higher-ups...
     
  5. kizdan

    kizdan F1 Veteran

    Dec 31, 2003
    5,505
    #5 kizdan, Sep 8, 2005
    Where I paid $3.15 last week, I saw $2.98 this morning here in Michigan.
     
  6. Ferrari0324

    Ferrari0324 F1 Rookie

    Mar 20, 2004
    3,510
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    Brandon
    #6 Ferrari0324, Sep 8, 2005
    Does anyone think it will ever drop back down to the good ol' days of 1.50 or 1.60? Or am I just a hopeless dreamer?

    When I first got my license in '02, I was paying $15/$16 at most to fill up my civic, pshh now that will barely get me half a tank. :(
     
  7. Ashman

    Ashman Three Time F1 World Champ
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    #7 Ashman, Sep 8, 2005
    The precipitating event was Katrina, a gas station operator doesn't have to be a genius to watch the news about shortages to see that there was a huge opportunity to jack up the prices right away.

    The reason that I think that it was mainly the locals is that, in CT, gas prices last week were all over the place, which tells me that the locals were trying to test the market.

    For example, the price of regular last Friday was $4.50 at one local station while that same day the stations on the Merritt Parkway were at $3.09. The station operators were just pulling numbers out of the air and seeing who they could gouge and at what rate. I'm sure that the wholesale price that they were paying was higher than the week before, but those wholesale prices would have been more consistent in a region.

    The gouging was mainly local IMO.

    John
     
  8. TinaDK

    TinaDK F1 World Champ

    Jun 23, 2004
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    Denmark
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    Tina Poulsen
    #8 TinaDK, Sep 8, 2005
    Still very high prices here in Denmark :(
    Still rising.....
     
  9. MARQ

    MARQ Formula 3

    Feb 9, 2002
    1,924
    East Coast US
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    Marq
    #9 MARQ, Sep 8, 2005
    Exxon 93 octane here has dropped from a high of $3.89 down today to $3.49.
    (DC metro area)
     
  10. SrfCity

    SrfCity F1 World Champ

    Nov 1, 2003
    10,142
    Orange County, CA
    #10 SrfCity, Sep 8, 2005
    The stations make a penny a gallon. Often they don't make anything on gas and get it from items sold in the store.
     
  11. Erich

    Erich Formula 3

    Sep 9, 2003
    1,190
    Poway CA
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    Erich Coiner
    #11 Erich, Sep 8, 2005
    When a station raises prices 15 cents a gallon on the gas that is all ready in the storage tank under their store, they are making more than a penny a gallon.

    Erich

    On my Labor day trip up the Central Valley of Ca to the Sierras I saw a lot of prices in the $3.30 range for Premium. Back in San Diego they are dropping down around $3.15
     

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