The Cost of the Other Gas

[just strum]

Gas hit as low as $2.93 in places around here today.

HOLY COW!!!

[Tone2TheBone]

Could this be a result of pre-election results?

[marnold***]

Could this be a result of pre-election results?

I don't know if I'd see anything generally that sinister. Not because I believe that one party or the other wouldn't try it if they could. I just don't think that parties are clever or organized enough to do it. Basically I trust incompetence to keep evil in line

The reality is that gas SHOULD be that low. The price of oil was jacked up, first because of pipeline concerns in Iraq, then because of pure speculation, then because of hurricane concerns that by and large didn't materialize (at least as far as oil production/refining goes). While speculation is a pain for the average person, a speculation-driven spike will always end up with a painful crash back to reality. That's what we're seeing now. There's nothing to freak out investors now. Once oil hit $100, the crash was officially on. Also the U.S. dollar has recovered somewhat which helps. For reasons I've never fully understood, oil is only traded in U.S. dollars. Pity some people will lose their shirts on that. Not.

Of course here in the People's Republic of Wisconsin gas is still around $3.49. Our taxes here are outrageous and even though the "minimum mark-up law" was struck down as unconstitutional, nothing has really happened about it.

All this price dropping is great news for me. I travel 25 miles one way to take my kids to school every day. Gas dropping below $3.00 would save me a small fortune.

[just strum]

I travel 80+ miles a day, so if this continues or levels off below $3.00, I just got a raise or at least recovery of the continued loss.

I have limited my driving after work and on weekends. Most weekends the car is parked when I arrive home on Friday and then started again Monday morning. If I have to go to the store on the weekend, I do it early in the morning and take one of the kids cars before they wake up.

I just hope this trend continues.

[ShortBuSX]

I don't know if I'd see anything generally that sinister. Not because I believe that one party or the other wouldn't try it if they could. I just don't think that parties are clever or organized enough to do it.

But if you are an oil company that made billions...wouldnt you be smart enough to support your candidate by making a temporary minor adjustment?

[bigoldron]

Gas hit as low as $2.93 in places around here today.

Whew! You scared me there. I thought you were going to tell that Bush's Baked Beans had gone up!

[just strum]

Well the price in most areas in and around Cleveland is at $2.93 ($0.775 per litre). On the west side of town (I live east) gas is being reported as low as $2.58 ($0.682 per litre)

What's happening in your part of the world?

[sunvalleylaw]

We are still up in the 3s!


(whoa, that is too mad and uptight looking, back to closing my eyes and playing guitar).

[marnold***]

I filled up Friday morning for $3.27. By mid-afternoon it was $3.22. I haven't been around town today in my car.

[ted s]

We are down to $103/litre, that's about $4.50/gal. I think. A bargoon around here. Oh, and our dollar is back down around 0.87 US.

[just strum]

We are down to $103/litre, that's about $4.50/gal. I think. A bargoon around here. Oh, and our dollar is back down around 0.87 US.

$1.03 per litre is $3.897 per Gallon, unless you are calculating the value of your dollar.

When I was up there a couple of weeks ago it was $1.17 per litre.

[marnold***]

I just heard that it dropped in a nearby town to $2.99. That's a full dollar's drop since September 18.

[Tone2TheBone]

I filled up earlier this week at $2.75 a gallon. Wow!

[piebaldpython***]

Filled up in Philly today at $3.11 per gallon. Yes, this drastic price tumbling has all the earmarks of political maneuvering and geez, it just can't be coincidental that this is all happening with a month left before the election and the Republican nominee is lagging behind and on the ropes.

Add to that the fact that our Pres is a member of Texas Oil himself and that all his buddies are filthy, stinkin' RICH with his 8 years of administration.

If it looks like POOP.....and it smells like POOP.......it probably IS!!

[just strum]

Filled up in Philly today at $3.11 per gallon. Yes, this drastic price tumbling has all the earmarks of political maneuvering and geez, it just can't be coincidental that this is all happening with a month left before the election and the Republican nominee is lagging behind and on the ropes.

Add to that the fact that our Pres is a member of Texas Oil himself and that all his buddies are filthy, stinkin' RICH with his 8 years of administration.

If it looks like POOP.....and it smells like POOP.......it probably IS!!

It's just a crashing market, the cost of a barrel of gas is somewhere in the area of $78, I believe it was $120+, anyone invested in oil took a big hit. I should say anyone invested in oil lost some of their millions or billions in profit.

OPEC is looking at cutting back production to boost value. Suggestion: buy an underground storage tank for the house and fill it up, because these prices may be short lived.

[just strum]

Paid $2.189 per gallon today. Gas has dropped .74 per gallon since I started this thread on October 3.

Hey OPEC

[Kazz]

2.18 up there? Wow....it is 2.35 in Southern Indiana/Western Kentucky today....and has decreased about 1.00 in that same period of time Strummy

[marnold***]

It was $2.66 in Green Bay last night. I filled up my near-empty car for less than $40 and nearly had a stroke.

[just strum]

My wife and I went out for a bite to eat and went past the same station where I paid $2.189 about six hours earlier. They are now selling it at $2.129 and every pump has at least one car pumping and another waiting. They have 4 pumps (actually two, but hose on each side) per island and six islands. So there might have been up to 48 cars there.:

When I went earlier, there were probably 5 or 6 cars. It was worth the extra $0.06 to not have to wait.