Gas Prices up?

scottmandue · 01-31-2018, 09:10 AM

Our gas prices have gone up 20-30 cents in the last month, anyone know what is going on?

pwd72s · 01-31-2018, 09:12 AM

Oil up a bit..but my guess? Same as in Oregon. You're enjoying the kick in of another state gas tax hike.

KFC911 · 01-31-2018, 09:44 AM

Local pumps had jumped .10 overnight Monday morning here...

DaveE · 01-31-2018, 10:00 AM

It's been going up in PA too.

Por_sha911 · Por_sha911's Garage

Worthy of pet peeve thread: gas goes down a penny or two at a time but jumps up 10 cents a shot and sometimes 20 cents or more if there is a sudden issue like a refinery shutdown for a short while

look 171 · 01-31-2018, 10:23 AM

Diesel is up too. Damn. I have a 36 gallon tank.

RKDinOKC · RKDinOKC's Garage

Lady at the next pump was complaining because the day before she could have filled her tank for 5¢ a gallon less. Reached in my pocket, handed her a dollar bill and told now she doesn't have anything to complain about.

KFC911 · 10:28 AM

^^^^ Yup (referring to Poe_sha911)....and I live near a major tank farm for the Colonial pipeline. Every hiccup is a .30 immediate increase....takes forever to float back down. Same tanker truck delivers to local stations....I can usually find .20 deltas between stations just a few miles apart. Of course they claim they only make a penny or three per gallon...."they" are FOS imo

ckelly78z · 01-31-2018, 10:41 AM

I have seen the local gas stations raise the price as much as $.40 a gallon overnight. Whlie this peeves me to no end, it doesn't break the bank (about $5 extra for a tank full).

Bob Kontak · Bob Kontak's Garage

Quote:

Originally Posted by ckelly78z

I have seen the local gas stations raise the price as much as $.40 a gallon overnight. Whlie this peeves me to no end, it doesn't break the bank (about $5 extra for a tank full).

An old, in the boonies, shut down traditional gas station near here has $4.11/gal on the sign for 87.

Could be worse.

KFC911 · 01-31-2018, 10:49 AM

Quote:

Originally Posted by ckelly78z

I have seen the local gas stations raise the price as much as $.40 a gallon overnight. Whlie this peeves me to no end, it doesn't break the bank (about $5 extra for a tank full).

Back when gas was approaching 4 bucks (11-12 yrs back?) here, the local stations were having to call their local chain HQ every six hours to see what the new price was ....you know....replacement cost

.

....but only on the way up....

stomachmonkey · 01-31-2018, 11:10 AM

Prices around here fluctuate anywhere up to + or - $0.15 a day.

911 Rod · 911 Rod's Garage

Reminds me of how manufacturers increase their prices when oil goes up stating raw materials and delivery expenses.

When oil goes down you never hear a peep from them.

Brando · Brando's Garage

For CA, prices will steadily continue to climb due to the recent "gas tax" that passed, as well as increasing registration fees. We will land with the highest fuel taxes in the nation.

MBAtarga · 01-31-2018, 11:24 AM

I brought this up in a conversation just the other day. Here in metro ATL, prices have gone up about 25 cents in the last week or so.

KNS · 01-31-2018, 12:14 PM

It’s because a barrel of oil has gone about $20 over a year ago.

Price at the pump is still pretty cheap here in AZ.

Arizona_928 · 01-31-2018, 12:27 PM

winter blend?

sammyg2 · 01-31-2018, 01:08 PM

Souwdy arabica was dumping excess oil into the market to drive the price down and chase away all the oil sands and shale producers, which would eventually allow them to monopolize the market again.

Problem was, we lasted longer than they expected and they started running out of money and rolls Royce's.

They started caving and allowed the price to go back up so they could afford to pay their harem girls.
That jacked up the price which may cost us a little more at the pump, but is good for the gubmint and good for the economy.

*as long as it doan go up much mo'.

KFC911 · 01-31-2018, 01:44 PM

Quote:

Originally Posted by sammyg2

....
That jacked up the price which may cost us a little more at the pump, but is good for the gubmint and good for the economy.

*as long as it doan go up much mo'.

You mean like increasing the price of virtually everything, and driving up inflation (indirectly...'cause gas ain't figured in) for the rest of us who aren't in the biz? 'Splain it to me Lucy...'cause it hits most folks right in the wallet...across the board. I realize there's a sweet spot....150/bbl was asinine...what'd it dip to 30ish...oil's been around 65 for a bit....where do ya reckon the sweet spot is 75-80 ish?

Sooner or later · 01-31-2018, 01:49 PM

Quote:

Originally Posted by sammyg2

Souwdy arabica was dumping excess oil into the market to drive the price down and chase away all the oil sands and shale producers, which would eventually allow them to monopolize the market again.

Problem was, we lasted longer than they expected and they started running out of money and rolls Royce's.

They started caving and allowed the price to go back up so they could afford to pay their harem girls.
That jacked up the price which may cost us a little more at the pump, but is good for the gubmint and good for the economy.

*as long as it doan go up much mo'.

At the higher prices they still can't afford the harem girls. With a lifting cost of less than 20 bucks the Saudis cleared 60 when crude was at 80. With crude at 50 they make 30. Their revenue stream has been decimated at either price.

They do still have about 450 billion of their 750 billion cash reserves on hand.

They have terrible problems outside of crude. The majority of citizens work for the government or are unemployed. Immigrants do most of the entry level jobs.

Now, the government can't afford all of the dead weight and is pushing workers into the public sector where they actually have to work. And they ain't happy.