Comments on: Gas Prices Lower Than They Were a Year Ago

By: b/csrez

b/csrez — Wed, 05 Nov 2008 20:17:36 +0000

1.99 today @ WM in Bryan Texas. was 2.25 last week when I filled up. what a relief!

By: Bored

Bored — Mon, 03 Nov 2008 22:18:31 +0000

one more day of low gas prices!!!!

By: hydrogen car

hydrogen car — Sun, 02 Nov 2008 13:00:35 +0000

actually when i didn’t know about hydrogen cars I was worried about oil price hike and other oil related stuffs, they really hurt my pocket, but now I’m using hydro cars and it really reduce the use of fuels in my car, now i can run extra miles without extra cost. isn’t that great?

By: Fuel prices now lower than a year ago : Business Roadmap

Fuel prices now lower than a year ago : Business Roadmap — Mon, 27 Oct 2008 07:09:45 +0000

[...] Source [Daily Fuel Economy Tip] Filed Under Communications, Customer service, Industries, Money [...]

By: St. Louis

St. Louis — Mon, 27 Oct 2008 01:49:32 +0000

To check on local gas prices try the following website:

http://www.gasbuddy.com

From looking at the graphs (6 year graph in particular) it appears the that relationship between barrel price and gallon price is NOT linear at the higher barrel prices. When oil is below $50/barrel the gallon and barrel price rise and fall at the same rate. However as the barrel price accelerated above $75 and all the way to $140+ the gallon price did NOT accelerate at the same rate — otherwise we would be paying $6.00+/gallon.

Later,

By: Salman

Salman — Sun, 26 Oct 2008 13:49:21 +0000

Yeah gasoline is down not because demand diminished BUT because speculators dont have money to speculate anymore!

They should be ashamed of what they did to the economy! See this image:

http://whatreallysucks.com/sympathy-for-the-devil/

By: Paul Curto

Paul Curto — Sun, 26 Oct 2008 12:48:01 +0000

Prices for gasoline reflect hundreds of parameters, including the most important, willingness to pay.

Unfortunately, the hyperinflation, which is Phase II of the impact of counterfeiting perpetrated by the Fed and an idiot Congress that allows trillion dollar deficits, will drive gasoline prices into double digits within a year (>$10 a gallon).

No US president has the cajones to do what’s right. Expect the worst, then whatever happens will seem like a blessing.

By: SG

SG — Sun, 26 Oct 2008 08:17:18 +0000

$1.93
Valero 3201 E Harrison Ave & SL-499
Harlingen, TX
Sat 25 2008 11:15 PM

By: KS

KS — Sat, 25 Oct 2008 20:05:22 +0000

NC,

The prices at the pump are always delayed from the price change of the barrel.

By: Dave

Dave — Sat, 25 Oct 2008 19:25:35 +0000

When oil prices rose, gas prices followed, but they lagged behind by a bit. Gas stations played a dangerous game of chicken, seeing who could keep their prices lower for the longest. This kind of competition kept prices from skyrocketing initially, but it also cut into profits for gas stations, who only make pennies on the gallon to begin with.

When stations started becoming financially unstable, prices got very volatile, as they couldn’t afford that competitive spirit anymore. As Mike said, they began to anticipate price changes, which was necessary for them to stay in business.

Now that oil has fallen, its a game of reverse chicken. Stations are trying to keep their prices high, to pad those losses from when prices rose. Competition will keep driving the prices down, but it would be a horrible business strategy on the gas stations’ part to simply drop the price directly back to where it should be (~$1.60 or whatever).

Have a little patience, and be happy the prices are coming down. They’ll get there, just give it a couple of months. Now that oil is back where it should be, gas will soon follow.