And we're on an upswing again. Ranging fro 1.39-1.49.
Latest gas prices where you are thread
- Thread starter RAMA
- Start date
Denver at Colorado and Colfax: $1.85.
We're up to 1.64. We sat at 1.44 for a really long time, then we sat at 1.55 for a really long time, and now I'm going to assume we are entering another price-holding-pattern.
Filled up on Wednesday and it was $2.25 for regular in the OC
(don't call it that)
(don't call it that)
Anywhere from $2.07 to $2.15 per gallon in the area. Other than the obvious answer of "greed", can someone tell me why gas prices are going up when oil has be relatively stable around $40/barrel or less? Is this the ripple effect from that little oil spike a few weeks ago and it will go back down?
Q2
Q2
Gas has been at $1.79 a gallon for a couple weeks now.
Interesting article on the current disconnect between WTI prices and pump prices. The figures for Brent crude can be found here.
It's an interesting case of how logistics can affect an inefficient short-term market.
Longer term if you average it out, and plot the crude price vs pump price (and allow for a bit of lag time) what generally happens is that pump prices rise less than crude prices when crude is rising (and then fall less when crude is falling). ie. they dampen crude price changes.
You can see the long-term dampening on this chart, as well as the short-term recent inefficiency the article talks about
It's an interesting case of how logistics can affect an inefficient short-term market.
Longer term if you average it out, and plot the crude price vs pump price (and allow for a bit of lag time) what generally happens is that pump prices rise less than crude prices when crude is rising (and then fall less when crude is falling). ie. they dampen crude price changes.
You can see the long-term dampening on this chart, as well as the short-term recent inefficiency the article talks about
Here's a news report that was on Yahoo...
http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=12076451&ch=4226720&src=news
I still think something is fishy about the rising prices. The said the reason the prices are going up is because production is being cut down so the producers can stop breaking even. However, if production gets cut while prices stayed the same, then they would start turning a profit again. Unless they cut production below demand, i can't imagine a reason why production needs to go one direction while prices go the other.
http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=12076451&ch=4226720&src=news
I still think something is fishy about the rising prices. The said the reason the prices are going up is because production is being cut down so the producers can stop breaking even. However, if production gets cut while prices stayed the same, then they would start turning a profit again. Unless they cut production below demand, i can't imagine a reason why production needs to go one direction while prices go the other.
It's down to $2.15.
On average, we are down to 1.59 again.
2.29 here. I don't think Gas is going down anytime soon.
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