Gas Prices (just jumped 30 cents in GA)
#33
Originally Posted by chicagoblknazn
I was driving last night and noticed that gas has jumped in price over the past couple days. It's $2.97 a gallon...and that's for regular unleaded. Premium was $3.17.
I just filled up on Monday and it was $2.95 premium.
I just filled up on Monday and it was $2.95 premium.
#34
Lexus Test Driver
Originally Posted by rominl
6.07??!?!?!! how come? what's the reason behind it? i mean, that's way more than the growth in other cities?
#35
Originally Posted by rominl
no i passed by the same gas station today and it still says 3.05. man this must be crazy
#36
exclusive matchup
iTrader: (4)
Originally Posted by cal_alum98
From what I understand, California requires a different formulation of gas compared to the rest of the country, and that the supply of that gas doesn't come from the Gulf area. That may be why we're not seeing dramatic spikes... yet.
so this spike of gas price run is from the gulf area oil reduction?
and is that also the reason why some areas in GA they are out of gas?
#37
Lexus Test Driver
Originally Posted by rominl
damn, if anything i guess for one time i am glad we are using different kind of gas formulation
so this spike of gas price run is from the gulf area oil reduction?
and is that also the reason why some areas in GA they are out of gas?
so this spike of gas price run is from the gulf area oil reduction?
and is that also the reason why some areas in GA they are out of gas?
#38
Pole Position
Originally Posted by NYLexSC
Well they are out of gas because the demand for gasoline JUMPED as the price did. I mean what kind of commodity do you have when the DEMAND INCREASES with a dramatic PRICE INCREASE? Generally, an increase in demand will warrant an increase in price, here, an increase in price has warranted the increase of demand. Gasoline is clearly something that people are AFRAID to live without. People went ahead and bought up, stockpiled, filled all their cars with gasoline as soon as they could (expecting the price to increase further, they are all getting it NOW as cheap as possible; hence the increased immediate demand). So because of this insane increased demand, there are lots of stations that are just simply depleted because they aren't prepared for this influx of people wanting gasoline (a shortage now, if you will).
#39
Lexus Fanatic
iTrader: (20)
Originally Posted by e-man
Maybe I'm just missing something here.
#40
Lexus Test Driver
Join Date: Sep 2003
Location: None
Posts: 1,169
Likes: 0
Received 0 Likes
on
0 Posts
Remember that labor day weekend is coming in a couple days, and that's one of the biggest traveling weekends of the year (if not the biggest). People who have all these vacation plans and reservations don't want to run the risk of being stuck because of no gas.
Most of it IS psychological, but it is what it is.
Most of it IS psychological, but it is what it is.
#42
Originally Posted by rominl
damn, if anything i guess for one time i am glad we are using different kind of gas formulation
so this spike of gas price run is from the gulf area oil reduction?
and is that also the reason why some areas in GA they are out of gas?
so this spike of gas price run is from the gulf area oil reduction?
and is that also the reason why some areas in GA they are out of gas?
I recall reading somewhere that Louisiana is one of the largest, if not the largest, ports for oil importation; over 50% of foreign oil and 95% of the Gulf of Mexico's production comes into Louisiana . Since the pipelines are down due to a lack of electricity to power the pumps, the flow of oil to other parts of the South and the Northeast has stopped. Greater demand + cut off supplies = majorly inflated prices.
The price of oil per barrel went down today, coinciding with the release of oil from the Strategic Petroleum Reserve, so I blame the hiked up prices in CA, on the oil companies and market speculators.
#43
exclusive matchup
iTrader: (4)
Originally Posted by cal_alum98
Yeah, but I'm sure the overall tight supply will affect us soon.
I recall reading somewhere that Louisiana is one of the largest, if not the largest, ports for oil importation; over 50% of foreign oil and 95% of the Gulf of Mexico's production comes into Louisiana . Since the pipelines are down due to a lack of electricity to power the pumps, the flow of oil to other parts of the South and the Northeast has stopped. Greater demand + cut off supplies = majorly inflated prices.
The price of oil per barrel went down today, coinciding with the release of oil from the Strategic Petroleum Reserve, so I blame the hiked up prices in CA, on the oil companies and market speculators.
I recall reading somewhere that Louisiana is one of the largest, if not the largest, ports for oil importation; over 50% of foreign oil and 95% of the Gulf of Mexico's production comes into Louisiana . Since the pipelines are down due to a lack of electricity to power the pumps, the flow of oil to other parts of the South and the Northeast has stopped. Greater demand + cut off supplies = majorly inflated prices.
The price of oil per barrel went down today, coinciding with the release of oil from the Strategic Petroleum Reserve, so I blame the hiked up prices in CA, on the oil companies and market speculators.
the prices here in cali i think it's still kinda "normal" in regards to the growth of the oil per barrel these days, in fact i think the growth is probably the one of the least among the country? i have never ever seen prices elsewhere in the US being higher than that in cali before, this is definitely a first
i watched news tonight and it seems like they are ordering the western states to help supply gas / oil to eastern states right now until supply stablizes. now that could be a real problem coz' if that happens, i am sure prices here in the west will rise substantially as well
#44
Originally Posted by rominl
good analysis. the problem in GA area is definitely bad, regardless of the oil per barrel price. prices there are going to rise for sure. the reserve will help but still getting everything back in shape is important.
the prices here in cali i think it's still kinda "normal" in regards to the growth of the oil per barrel these days, in fact i think the growth is probably the one of the least among the country? i have never ever seen prices elsewhere in the US being higher than that in cali before, this is definitely a first
i watched news tonight and it seems like they are ordering the western states to help supply gas / oil to eastern states right now until supply stablizes. now that could be a real problem coz' if that happens, i am sure prices here in the west will rise substantially as well
the prices here in cali i think it's still kinda "normal" in regards to the growth of the oil per barrel these days, in fact i think the growth is probably the one of the least among the country? i have never ever seen prices elsewhere in the US being higher than that in cali before, this is definitely a first
i watched news tonight and it seems like they are ordering the western states to help supply gas / oil to eastern states right now until supply stablizes. now that could be a real problem coz' if that happens, i am sure prices here in the west will rise substantially as well
In the meantime, I've decided to keep my GS in the garage and use Commuter Checks to ride Caltrain to work. I figure to save at least $200 a month just from parking and gas.
#45
Driver School Candidate
Join Date: Aug 2005
Location: ok
Posts: 39
Likes: 0
Received 0 Likes
on
0 Posts
We normally have the cheapest gas in the nation here in Tulsa or Oklahoma city. But to my shock it is now $2.99 for reg and $3.15 for premium... Good thing I only live 4 miles from work and my wife only 5 miles from home. Otherwise we'd have to trade in cars for an Insight..