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Author Topic: Gas prices  (Read 3338 times)

Offline Deziner

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Gas prices
« on: March 18, 2016, 07:01:19 AM »
Gas prices here in Phoenix went up $0.50/gal in the last week. Why does it never drop that fast?
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Offline works4me

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Re: Gas prices
« Reply #1 on: March 18, 2016, 08:04:30 AM »
Maybe now the energy sector can go back to work.
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Offline connie_rider

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Re: Gas prices
« Reply #2 on: March 18, 2016, 09:14:06 AM »
Quote from: Deziner on March 18, 2016, 07:01:19 AM
Gas prices here in Phoenix went up $0.50/gal in the last week. Why does it never drop that fast?

I know you said that with a grim face.
Like, "why is it always "me"?
But there is actually a reason for the madness.

It's the Oil Companies way to make greater profit when oil costs fluctuate..
By dropping prices slowly, and raising quickly, they earn more...

Ride safe, Ted
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Offline Deziner

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Re: Gas prices
« Reply #3 on: March 18, 2016, 10:05:30 AM »
I understand the whole making a profit thing. I really do. As a business owner, I have a firm grasp on it. I'm just saying that I feel like the frog being thrown into a pot of hot water instead of the temperature being gradually raised. I'm even ok with fuel prices increasing another 40-50%, just not all at once.


40 years ago, gas prices were about 3 times minimum wage. I'm ok with that being the case now. I would prefer $1 a gallon gas but I'm ok with $3 per gallon.
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God does not subtract from a man's life the number of hours spent riding a motorcycle

2008 C14, Muzzy exhaust, PCV, heated grips, Sergeant seat, PR4 GTs, Donovan headlight mod, Ronnies highway pegs, Cox rad guard, "The Big Rack", Grip Puppies, XM, many more made by me parts to come.....

Offline gPink

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Re: Gas prices
« Reply #4 on: March 18, 2016, 11:24:09 AM »
That $3 would be alright if it supports American energy and jobs.
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Offline jettawreck

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Re: Gas prices
« Reply #5 on: March 18, 2016, 02:43:33 PM »
$3/gal also wouldn't be so bad if oil wasn't still under $40/barrel.
If it eventually gets back to $100/barrel any guess where pricing on a gal gas will be?
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Offline Classvino

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Re: Gas prices
« Reply #6 on: March 18, 2016, 04:02:07 PM »
Quote from: Deziner on March 18, 2016, 10:05:30 AM
...I would prefer $1 a gallon gas but I'm ok with $3 per gallon...

$3.00 per gallon?

I remember those days...   We're down a bit now but with the exchange right now we're paying about 4.85 per gallon... (in US $)

So when we hit $100 a barrel (about 2.5 times current price) will they want $12.00 a gallon?

I hope "Doc" brings me one of those Mr. Fusion thingys...



Jamie
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Offline MAN OF BLUES

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Re: Gas prices
« Reply #7 on: March 18, 2016, 05:15:32 PM »
hmmmm interesting...
we been hovering around $1.78/ gal for months here in Ohio...
coupled with the fuel perks program our Giant Eagle grocery stores has, we get as much as $0.50 more off per gallon on fillups...

nice.
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Offline connie14boy

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Re: Gas prices
« Reply #8 on: March 18, 2016, 11:55:38 PM »
Quote from: MAN OF BLUES on March 18, 2016, 05:15:32 PM
hmmmm interesting...
we been hovering around $1.78/ gal for months here in Ohio...
coupled with the fuel perks program our Giant Eagle grocery stores has, we get as much as $0.50 more off per gallon on fillups...

nice.

It jumped from 2.19 to 2.69 Tuesday in the San Fran bay area, and the huge refineries are no more than 15 miles away-so much for the 'expensive' transport logistics.
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Offline jettawreck

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Re: Gas prices
« Reply #9 on: March 19, 2016, 07:40:48 AM »
The current excuse around here is that refineries are switching over to the "more expensive 'summer blend'". If I recall that was the reason for a spike last fall, when they switch over to "more expensive 'winter' blend".
Supply continues to outpace demand, say the reports, but crude prices are creeping upward which may sort of backfire. As prices top $40/ barrel it becomes more favorable for the domestic producers to get back/stay in the market perhaps.
Personally, I think they should buy all the foreign oil they can for as long as they can and save the domestic reserves for the future. Never happen when there is money to be made.
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Offline gPink

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Re: Gas prices
« Reply #10 on: March 19, 2016, 08:09:18 AM »
Might as well send them bombs and IED's so they don't have to spend our cash.
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