Gas prices

[GRNMACHINE]

Over $4 as well.

 

[FIND]

And NOTHING has changed in supplies, demand or anything else to cause the prices to go up.

Friggen ridiculous bullshit.

 

[Anime]

Gas Prices To Fall In 2013

Forecasters say ample oil supplies and weak U.S. demand will keep a lid on prices. The lows will be lower and the highs won't be so high compared with a year ago. The average price of a gallon of gasoline will fall 5 percent to $3.44, according to the Energy Department.

"Everything is lining up to lead to softer prices this year," said Tom Kloza, chief oil analyst at the Oil Price Information Service.

That would still be the third-highest average price ever. But a discount of 19 cents per gallon from 2012 would save the typical household $205 this year and free up $25 billion that could go instead to restaurants, malls or movie theaters — the kind of consumer spending that accounts for 70 percent of American economic activity.


The current average retail price of gasoline is $3.31 per gallon, 6 cents lower than last year, according to AAA, OPIS and Wright Express. AAA predicts gas won't surpass $3.80 a gallon this year.

The peak last year was $3.94, reached in April. The auto club also says average pump prices could drop as low as $3.20, a level that the country hasn't seen since February 2011.

Tom Kloza of OPIS expects price differences between regions of the country will remain large, and local prices could be volatile as supplies build and dwindle. In Utah, drivers are paying $2.88 per gallon on average, while in New York drivers are paying $3.75. Just in the last four months, gasoline supplies on the West Coast fell to their lowest level in a generation, then rose to where they are now, their highest level in a generation.

AAA forecasts the national average will peak between $3.60 and $3.80 in the spring, then drop to between $3.20 and $3.40 by mid-summer. It will rise again during the hurricane season along the Gulf Coast, the nation's oil-refining hub, before moving lower toward the end of the year.


http://www.huffingtonpost.com/2013/01/10/gas-prices-2013_n_2450012.html

 

[GRNMACHINE]

You summed it FIND!

It went all the way down to $3.959 today.... Insane in the Membrane

 

[Stick4503]

Damn and I thought $3.75 here in North Georgia was bad.

 

[Anime]

2013 gasoline prices could hit record highs

Gasoline prices typically rise heading into peak spring and summer driving seasons. But 2013's runup is earlier and faster than in previous years.

After sending consumers into sticker shock the past month, how much more can gasoline prices climb?

Another 20 to 50 cents a gallon — a level that could propel the cost of gasoline, now $3.75 a gallon, to all-time highs, some experts say.

Gasoline prices typically climb from February to Memorial Day on expectations of rising consumption and costlier summer-blend gas. But so far this year, prices are surging sooner and faster than ever before — up 45 cents since mid-January.

Consumers in some metropolitan areas, such as Southern California, are already paying nearly $5.20 a gallon, up more than 75 cents since December lows.

"The gas petro-noia season moved up this year,'' says analyst Tom Kloza of the Oil Price Information Service. "A lot of speculators bet on higher prices beginning earlier in the year."

Kloza and other longtime industry observers are sticking to forecasts that prices will peak at about $3.95 by early April. But others say prices will eclipse July 2008's record $4.11.

"Lots of people are panicking, but there is room to go higher,'' says Atlas Commodities oil broker Carl Larry, who expects $4.10 to $4.25 a gallon gasoline.

Larry's rationale? The sluggish economy and stubbornly high unemployment rate has done little to curb consumer demand. If either gains momentum, prices will rise. Moreover, political unrest in the oil-rich Middle East, refinery woes or prolonged natural disasters could cause additional spikes to crude oil and wholesale gas prices. "A lot could happen to make prices go up,'' he says. "I don't see a lot to push prices down."

Kloza, however, says consumers have balked at $4-a-gallon gas in the past and are likely to cut back as prices approach those levels.

"Crude oil is now about $96 a barrel. It was at $145 when gasoline prices hit the $4.11 record," says Kloza, who expects the recent run-up to lose steam.

"Whatever you pay on St. Patrick's Day will be considerably more than you'll pay on July 4th or Labor Day," Kloza says.

Benchmark West Texas Intermediate crude oil rose 80 cents to $96.66 a barrel Tuesday, but gasoline futures eased 1.7 cents from a four-month high to $3.12 a gallon.

Crude has yet to test January's seven-month peak of $98.25 a barrel, notes Brian Milne of energy tracker Telvent DTN.

"Based on what we've seen up to this point this year, I definitely see more upside, but it will be difficult to puncture through $4 a gallon and stay above it,'' says Milne, who expects recent price jumps to slow to 5 cents a gallon a week over the next month.

Prices are expected to remain highest in California, the Midwest and Northeast, Kloza says. California currently averages $4.17 a gallon, highest in the continental U.S. Lowest: Wyoming and Montana, averaging $3.19.


http://www.usatoday.com/story/money...ices-could-flirt-with-all-time-highs/1930681/

 

[Tbars4]

..That's got to be last week news as Cali averages are higher..

..That $4.17 is the cheapest I can find gas today and it will cost more tomorrow..

 

[badloser]

is that price for regular

 

[Tbars4]

..That is the price for the cheapest regular near me $4.17..

..I just dbl checked my Gas Buddy just in case it went up in the last 2 hours..

 

[Anime]

Finally went under $2/gal here, $1.93 at the local Shell station, in the ~$1.80's at Sam's club.

Seems to be dropping like a rock, a few cents every few days.

 

[Tbars4]

..Been holding at $2.39 here..

. .I actually hear people complaining now cause they have to go back inside to get their change..

 

[gavin]

We're finally under $3/gal here in AK.

 

[Camacorn]

$2.39 here in Central Florida @ Circle K, 7-11, BP, and Hess Express.

 

[gmanpaint]

$1.87 at the stations & $1.70's at Sams in MO.

We don't have the grocery store coupon discounts around here, but I seen a post yesterday of someone paying $1.25 with them!

I also read about the US oil pumps being shut down and all the job losses over the low barrel prices.

Now if the dang airlines would drop the fares....

 

[fifthranger]

Below $2/gallon for regular in Cleveland, OH. I can't figure out diesel prices. A .40/gallon difference between competing stations here.

 

[fifthranger]

Local Sunoco in Cleveland, Ohio is now selling regular unleaded for $1.91.

 

[RangerX]

Kauai Costco is 2.99 now, and all other stations on island are at 3.85!! Gougers!

 

[fifthranger]

Kauai Costco is 2.99 now, and all other stations on island are at 3.85!! Gougers!

I recently read an article about Costco, and they were selling gas at or below cost because it brings customers into the store. Also, there is a local Shell that was still selling gas .20+ cents/gallon above others, and the owner was interviewed about why. He explained that it is all about turn-around, and he doesn't sell a lot of fuel. So, he is selling older and more expensive inventory. Both examples make sense.

 

[toypaseo]

I recently read an article about Costco, and they were selling gas at or below cost because it brings customers into the store.

I thought selling gas below cost was illegal, or maybe depends on the state?

When I worked in Fort Collins, CO for a major grocery chain, one of our stores had a gas station. Other station owners across the street would complain about every other month that with the shopper gas discount, our gas price is below cost.

 

[fifthranger]

I thought selling gas below cost was illegal, or maybe depends on the state?

When I worked in Fort Collins, CO for a major grocery chain, one of our stores had a gas station. Other station owners across the street would complain about every other month that with the shopper gas discount, our gas price is below cost.

It was a national article online that I read. I'm not familiar with various state laws. Personally, I don't know if the law (if true) is good or not because my belief is that anything that saves the consumer hard earned cash is good. Also, what got to me about gas prices was every station at the same price. How can two or three stations have exactly the same cost? Do they have the same suppliers? Even if I were to follow the tanker, he would go to several say Sunoco's, and the price at the pump would vary, yet a corner that has three different brands of stations, such as Shell, BP, and Sunoco would all sell for X price. Too suspicious to me.