Gas prices

Parent Cafe
41

<p>Gas is now $1.89/gallon around here. I wonder what kind of asset bubble is next because of this.</p>

42

<p>Tulip bulbs…no, wait!..that’s been done already.</p>

43

<p>

Hell, you don’t even need to actually increase supply at all, one merely needs to <em>say</em> that you are going to increase supply. Bush lifts the presidential ban on drilling and prices starts its inevitable drop.</p>

44

<p>$1.63 at Costco</p>

45

<p>

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<p>Actually, no.</p>

<p>The oil bubble which saw the $140+ prices was the result of a huge amount of speculative dollars chasing quick/easy profits and not a result of any material change in demand (for example, when the Saudis announced a pretty big increase in production, the price of oil still rose).</p>

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<p>LOL - not true at all (that’s not the reason why oil dropped at that time).</p>

46

<p>It seems like just yesterday that everyone was up in arms over gas being at $2… now we just broke through $2 and everyone can’t believe how cheap gas is… oh how times have changed</p>

47

<p>$1.57 this afternoon</p>

48

<p>$1.48 is cheapest I see here (KS)
The best prices I’ve seen are at the truck stops near the OK/MO border, just outside Joplin, MO. (I’m guessing $1.39ish now?)</p>

49

<p>rocketman08–</p>

<p>As I pointd out in post #22, when gas hit $2.16 a gallon that made it cost the same $0.32 it did in 1966 when adjusted for inflation. </p>

<p>Those who railed against $2.00 gasoline did so on the increase in cost over what they were used to. </p>

<p>When gasoline went below $2.00 it really became “cheap gas.” At $1.44 a gallon, gasoline is only 2/3 of the price in 1966. WOW.</p>

50

<p>Whatever is is adjusted for inflation, it sure does help my budget. I used to pay over $60 to fill up, yesterday I have paid $24 :)</p>

51

<p>I have a SUV which used to take $55-$65 to fill a tank. Two weeks ago (last time I filled my tank because I was away) it cost me around $40. This morning at 6:15 I pulled up to the only gas station in my town that’s open to fill up my empty tank. The gas pump stopped at $28. I thought to myself, “Oh, great, the pump is not working again.” I honked loudly to get the gas attendant’s attention and I said, “I think your pump is not working, my tank was empty.” He said, “No, ma’am, it’s done.” He really made my day, I did a little dance in my head.</p>

52

<p>$1.28 in Oklahoma City. Anyone at $1.00?</p>

53

<p>1.77 here in So. Cal.</p>

54

<p>$1.75 at my dueling gas stations around the corner. I no longer have to rob a bank to fill my car!</p>

55

<p>Mo/Ks border, Mo side is $1.32 today, Ks runs $.04 more. </p>

<p>Am driving to Chicago on Friday and plan to buy gas in Iowa rather than IL due to higher gas tax. Have figured my mileage and know I can get into Chi and back to Quad Cities w/o paying ridiculous Chi gas prices. Have become so spoiled by the low gas price in metro Kansas City area.</p>

56

<p>I live in nebraska and thank god it cheap now. Its down to 1.599 a gallon</p>

57

<p>$1.41 at Costco</p>

58

<p>Paid $1.29 today in metro KC area. Had to look at the total a second time, as it seemed too small a dollar amount to fill the tank.</p>

59

<p>Wow, about two weeks ago I was wondering if it will get below $1.50
What is next? Are the prices here to stay?</p>

60

<p>Probably not. Enjoy now.</p>