Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Gas Price Variance

Discussions about the economic and financial ramifications of PEAK OIL

Gas Price Variance

Unread postby Falconoffury » Thu 15 Nov 2007, 01:46:46

Today, I saw some of the largest variances in gas prices at local stations. At one station, I saw regular unleaded gas at $3.02 per gallon. Across the street, a station had it at $3.09 per gallon. Five miles away, I saw a station at 3.26 per gallon!

I have never seen such large variances in gas prices where I live in South Florida. Is this happening anywhere else?
"If humans don't control their numbers, nature will." -Pimentel
"There is not enough trash to go around for everyone," said Banrel, one of the participants in the cattle massacre.
"Bush, Bush, listen well: Two shoes on your head," the protesters chant
User avatar
Falconoffury
Expert
Expert
 
Posts: 1395
Joined: Tue 25 May 2004, 03:00:00

Re: Gas Price Variance

Unread postby SILENTTODD » Thu 15 Nov 2007, 04:48:04

Yesterday I paid $3.51 an American gallon in Riverside California for mid grade (89 octane). The cheap stuff (87 octane), $3.45 a gallon makes my truck ping.

I currently am Car-Light. Only fill up about once a month (the trip to Riverside was to see an old girlfriend) I might start burning more again, or hell just take the train!
Skeptical scrutiny in both Science and Religion is the means by which deep thoughts are winnowed from deep nonsense-Carl Sagan
User avatar
SILENTTODD
Tar Sands
Tar Sands
 
Posts: 928
Joined: Sat 06 May 2006, 03:00:00
Location: Corona, CA

Re: Gas Price Variance

Unread postby MrBill » Thu 15 Nov 2007, 06:20:34

My guess is regional differences as the spike in crude prices last month works its way into higher gasoline prices now. The lower prices are likely those that either had contracted at lower prices before the spike or their supplier was slower to raise prices to them.

The wholesale price should be somewhere around $3.00 per gallon based on the futures price of RBOB. Then add on any extra costs for the plephora of local grades as demanded by individual states that adds to higher pump prices. Of which California is one of the highest I think? But just to make you feel good gasoline here in Cyprus this morning is about $6.00, so luckily I burn less than one small tankful per month! ; - )
The organized state is a wonderful invention whereby everyone can live at someone else's expense.
User avatar
MrBill
Expert
Expert
 
Posts: 5630
Joined: Thu 15 Sep 2005, 03:00:00
Location: Eurasia

Re: Gas Price Variance

Unread postby z28colt » Thu 15 Nov 2007, 12:29:27

This phenomon just hit my area yesterday. Before everyone was at 3.08 or 3.09. Now the prices range from 2.92 to 3.08. I'm not sure why some stations dropped gas prices yesterday.
User avatar
z28colt
Wood
Wood
 
Posts: 14
Joined: Sat 09 Jun 2007, 03:00:00

Re: Gas Price Variance

Unread postby Roy » Thu 15 Nov 2007, 17:51:32

$2.95 here (down from $3.05 yesterday) at one station, $3.08 right down the street. Go figure. I bet you all can predict which station was busier.
Roy
Expert
Expert
 
Posts: 1359
Joined: Fri 18 Jun 2004, 03:00:00
Location: Getting in touch with my Inner Redneck


Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 1 guest

cron