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jato
Moderator
Joined: Aug 14, 2004
Posts: 2063
Location: San Diego, Ca.
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 Posted: Wed Jun 18, 2008 9:13 am Post subject: Re: Another Gasoline Record |
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| Quote: | | My benchmark station here in S.F. is now $4.79 for regular. Premium is at $4.999! |
Same here! $4.799 for Regular.
edit June 20: Down to $4.699 now.
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"Peak oil isn't more than an interesting industry factoid and doesn't have anything to do with the hysterics speculated on ad nauseum around here!" ReserveGrowthRulz
Last edited by jato on Fri Jun 20, 2008 3:18 pm; edited 1 time in total |
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Forney2008
Tar Sands
Joined: Apr 16, 2008
Posts: 86
Location: Western PA, USA
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| Posted: Wed Jun 18, 2008 12:58 pm Post subject: Re: Another Gasoline Record |
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| Prices here range from $3.99 regular to $4.11 for regular, with diesel ranging from $4.89 to $5.09. |
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Novus
Light Sweet Crude
Joined: Jun 21, 2005
Posts: 1646
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| Posted: Wed Jun 18, 2008 3:43 pm Post subject: Re: Another Gasoline Record |
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| There are two stubborn stations near me that are selling at $3.97 and $3.99. I think they sell their gas at cost and make their profit selling cigarettes and coffee. Every other station is over $4.00 now. |
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LittleBoPeak
Tar Sands
Joined: Apr 18, 2008
Posts: 24
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| Posted: Fri Jun 20, 2008 7:01 am Post subject: Re: Another Gasoline Record |
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OK, guys and gals. Help me understand something. In my locale, regular unleaded sells for about $3.80 (ish) and has been at that level for probably the last month. I've noticed the price of gas increases within a day or two of when the price of crude increases. If crude remains stable, the price of gas doesn't move.
I know it takes some time for the oil to go through the refining and delivery process, but I'm not seeing the consistent increase in gas prices I expected.
It just seems strange that the price of gas doesn't slowly and steadily rise as the increasingly more expensive crude is processed through the system.
Maybe retailers are hoping the psychological impact of rising crude prices diverts attention from them raising gas prices a nickel or a dime at a time. Maybe I just don't understand the market forces at work here. |
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GoghGoner
Heavy Crude
Joined: Apr 10, 2008
Posts: 278
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| Posted: Fri Jun 20, 2008 9:20 pm Post subject: Re: Another Gasoline Record |
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| LittleBoPeak wrote: |
I know it takes some time for the oil to go through the refining and delivery process, but I'm not seeing the consistent increase in gas prices I expected.
It just seems strange that the price of gas doesn't slowly and steadily rise as the increasingly more expensive crude is processed through the system. |
I think you understand that wholesale gasoline is a commodity and is traded separately from oil. If the inventory for gasoline is high then the price for it will stay low until the inventory goes down. The refineries will operate at a loss for a while but will not continue to refine as much oil into gasoline until it regains a profitable margin. They can make diesel instead. Pup55 updates a thread regarding refinery margins and it is very thorough on the topic. In the long term , the fact that crude comprises 60-some percent of the cost of gasoline will turn the price of gasoline higher but it may take some time to work through inventories. |
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mcgowanjm
Tar Sands
Joined: May 23, 2008
Posts: 63
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| Posted: Sat Jun 21, 2008 6:25 am Post subject: Re: Another Gasoline Record |
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[quote="GoghGoner"] | LittleBoPeak wrote: |
I know it takes some time for the oil to go through the refining and delivery process, but I'm not seeing the consistent increase in gas prices I expected.
It just seems strange that the price of gas doesn't slowly and steadily rise as the increasingly more expensive crude is processed through the system. |
Is gasoline a toxic waste that Big Oil sells?
A loss leader, that almost gets in the way of "naptha" type
products? |
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GoghGoner
Heavy Crude
Joined: Apr 10, 2008
Posts: 278
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| Posted: Thu Jun 26, 2008 12:58 pm Post subject: Re: Another Gasoline Record |
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| GoghGoner wrote: | | Tuike wrote: | | RBOB: $3.50 broken. |
3.5650, pretty strong gain today of +20/c. Now, all we need is a little storm brewing in the Gulf and $5.00 (nationally) for retail unleaded will be passed this summer. |
Back up to 3.5430 today. Not quite a record for RBOB. |
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GoghGoner
Heavy Crude
Joined: Apr 10, 2008
Posts: 278
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| Posted: Fri Jun 27, 2008 12:35 pm Post subject: Re: Another Gasoline Record |
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| GoghGoner wrote: | | GoghGoner wrote: | | Tuike wrote: | | RBOB: $3.50 broken. |
3.5650, pretty strong gain today of +20/c. Now, all we need is a little storm brewing in the Gulf and $5.00 (nationally) for retail unleaded will be passed this summer. |
Back up to 3.5430 today. Not quite a record for RBOB. |
New record at 3.5850! Still a slow boil for the frogs. Hurricanes before long, though. |
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frankthetank
Fusion
Joined: Sep 16, 2004
Posts: 4278
Location: Southwest WI
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| Posted: Fri Jun 27, 2008 1:25 pm Post subject: Re: Another Gasoline Record |
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I smell a jump in gas prices. I wonder if it'll happen later today or Monday. Still stuck at 3.99 here.
_________________
"Oil is going up because we use too much oil, and the capacity to replace reserves is dwindling"
-President Bush 11/07/07 |
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AlCzervik
Heavy Crude
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Joined: Jul 14, 2004
Posts: 386
Location: The Motor City
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| Posted: Fri Jun 27, 2008 7:08 pm Post subject: Re: Another Gasoline Record |
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| Detroit up most places from $4.09 to $4.25... |
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Duende
Heavy Crude
Joined: Nov 27, 2004
Posts: 175
Location: Federal City, USA
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| Posted: Mon Jun 30, 2008 7:53 pm Post subject: Re: Another Gasoline Record |
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| The national average ticked up two cents over the weekend to $4.09. |
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ReducedToZero
Tar Sands
Joined: Jun 29, 2008
Posts: 82
Location: San Luis Obispo, CA / San Jose, CA
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| Posted: Tue Jul 01, 2008 12:09 am Post subject: Re: Another Gasoline Record |
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| We're at $4.99 for premium now in San Luis Obispo |
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Hogan
Light Sweet Crude
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Joined: Oct 25, 2004
Posts: 1298
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| Posted: Thu Jul 03, 2008 6:07 am Post subject: Re: Another Gasoline Record |
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Gasoline hits fresh national record before July 4 holiday
| Quote: | The national average price for a gallon of regular gas rose to an all-time high of $4.098 from $4.092 the day before, a daily survey by motorist group AAA showed Thursday.
Gas prices are now 3% higher than they were last month and nearly 39% higher, or almost $1.15 more, than year-ago levels. |
link |
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GoghGoner
Heavy Crude
Joined: Apr 10, 2008
Posts: 278
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| Posted: Thu Jul 03, 2008 7:27 am Post subject: Re: Another Gasoline Record |
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| Hogan wrote: | Gasoline hits fresh national record before July 4 holiday
| Quote: | The national average price for a gallon of regular gas rose to an all-time high of $4.098 from $4.092 the day before, a daily survey by motorist group AAA showed Thursday.
Gas prices are now 3% higher than they were last month and nearly 39% higher, or almost $1.15 more, than year-ago levels. |
link |
... and RBOB new record 3.5927 |
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gnm
Expert
Joined: Jul 08, 2004
Posts: 2581
Location: plundering eco-villages
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| Posted: Thu Jul 03, 2008 7:39 am Post subject: Re: Another Gasoline Record |
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RBOB hitting almost 3.60 and regular still available here in NM at 3.89... How can that be?
-G
_________________
All right, you primitive screw-heads, listen up! |
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