Gas prices are... um well, wait a minute

[cabmandone]

Welp! Here we are...
Gas prices around here are all over the board. While they're down from highs, locally we're still above the $4.00 mark.

[Paul T]

Ugh, the gas thread got moved? Oh well....I refuse to engage over at the dark side. I've tried, but it's such a cesspool of vitriolic hate over there. It brings me down...

[cabmandone]

Maybe my new thread will get four stars?

Originally Posted by Paul T

Ugh, the gas thread got moved? Oh well....I refuse to engage over at the dark side. I've tried, but it's such a cesspool of vitriolic hate over there. It brings me down...

Oh come now... it's a wonderful place filled with riveting debate. The boys just get a little rambunctious.

[Shaun @ Tru6]

I just gave you 5 Nick so you've got that going for you. I haven't filled up in a while but driving around I noticed Regular prices were way down but 89 and 93 were still the same as a few weeks ago. My sense is the BIG Regular low price draws most in and then don't bother to leave when they notice 89/93 are still crazy expensive.

[Paul T]

Originally Posted by cabmandone

Maybe my new thread will get four stars?



Oh come now... it's a wonderful place filled with riveting debate. The boys just get a little rambunctious.

lol...in case you continue the debate over there, let me know if Fint ever figures out what a commodities market is.

[cabmandone]

Five stars! Son of a ..... things are starting off right!

[cabmandone]

Originally Posted by Paul T

lol...in case you continue the debate over there, let me know if Fint ever figures out what a commodities market is.

Shhhhhhhhhhhhhh... don't bring that back up.

[David Inc.]

Originally Posted by Paul T

Ugh, the gas thread got moved? Oh well....I refuse to engage over at the dark side. I've tried, but it's such a cesspool of vitriolic hate over there. It brings me down...

PARF is always hungry. Give us posts...so many posts...

Around me in north Detroit there seems to be some downward pressure but on the premium side it's still about $5+.

[Paul T]

I saw $4.56 for reg near me (SE PA)

[cabmandone]

We're still all over the place. Van Wert is 4.05 on the North side today and still 3.95 on the South side. The north side stations are right off of 30 so maybe that's bumping prices up. It's unusual for Murphy to be higher than other stations in Van Wert but right now they are.

The one that really surprises me is E85. I try to fill up my flex fuel truck with it when it gets around 90 cents cheaper but some stations have the price at around 75 cents difference.

[stevej37]

$3.85 here for reg. $4.45 for prem.

Almost every gas station around here keeps a 60 cent diff between reg and prem.
It never varies more than a nickel from that.

[cockerpunk]

4.00 to 4.20 here. getting back to normal.

[Baz]

Get back to me when it gets back to $2/gal.......

[Paul T]

Originally Posted by Sooner or later

Next deep recession

I don't think that would move the needle much, unless you had a huge drop in demand, which I don't foresee. Right now there is just too much constrained supply (refinery capacity) and a whole lot of global uncertainly (along with surging demand). That's going to keep prices bid up for the short to intermediate term, IMO...

[red 928]

Last month it cost two arms and a leg, today it only costs



YAAAAAAY!!!!!

and those with short memories
(and attention spans) rejoice!!!!

BTW historic trends show it typically climbs for Memorial Day
and then falls a little after the 4th,
and climbs a little for Labor Day before dropping towards fall/winter

[cabmandone]

Three stars... you devious bastards!!

[Paul T]

Originally Posted by Paul T

I don't think that would move the needle much, unless you had a huge drop in demand, which I don't foresee. Right now there is just too much constrained supply (refinery capacity) and a whole lot of global uncertainly (along with surging demand). That's going to keep prices bid up for the short to intermediate term, IMO...

not to mention, there is just a total lack of appetite in the US to throw more $$ at the oil industry. That isn’t because of politics…it’s because investors lost money for the last decade and desperately want returns. These record profits right now are by design…and that ain’t changing anytime soon.

[Flat Six]

$5.13 REG / $5.61 PREM here today. Ugh.

[Sooner or later]

$3.53

[cabmandone]

Originally Posted by Paul T

not to mention, there is just a total lack of appetite in the US to throw more $$ at the oil industry. That isn’t because of politics…it’s because investors lost money for the last decade and desperately want returns. These record profits right now are by design…and that ain’t changing anytime soon.

Originally Posted by Sooner or later

I can't disagree. It took a worldwide economic disaster in 2020 for us to see $2. $2 moving forward is a pipedream.

Personally, I think gas below $3 is achievable.