Gas Prices Are Going Up

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What is the point of this thread? Gas prices have fluctuated for decades, sometimes because someone sneezed overseas. Sometimes they fluctate at the possibility of a hurricane, before it hits (and even if it fizzles). This really seems to be one of those "old man yelling at clouds" topics.

It's a very dynamic market and always will be. It has never made sense and it never will. Accept and move on. If you don't like it, there are alternative choices.
It makes perfect sense, though many people believe the industry operates in a free market, and prices are controlled by supply and demand. It doesn't and they aren't.
 
I’ll bite. Did you know what RBOB was before you read this thread? :D
To be honest, no. My point is that the gasoline market seems to be very fickle just like the stock market is. So yes, the fluctuations make sense in a convoluted way, in my opinion. Going all the way back to the OP, many of the posts in this thread seem to be people complaining about prices going up, like this is not to be expected. Or, they act like they don't understand what grampi explains well: "many people believe the industry operates in a free market, and prices are controlled by supply and demand. It doesn't"

What am I missing?
 
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Worked in Houston today, I live in Salt Lake City (Midway). Paid 2.33 for regular unleaded at Riddleys in Midway on the way to the airport Monday morning. I paid 2.39 in Houston today. Usually Salt Lake City fuel is .30-.50 more per gallon than Houston.

I will be working in Sioux City, SD tomorrow. Will be interesting to see their price for gas.
 
Instead of complaining, the smart people buy more efficient vehicles and not gas guzzlers for daily/solo driving.
*work vehicles excepted

I think gas prices should be higher - lets actually get newer, safer roads out of it! Rebuild our infrastructure to interact with all of the new safety tech that vehicles have and prepare for self-driving vehicles. I'll pay an extra $1/gal if I can sleep on long drives through the middle of the night.
 
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For the curious, RBOB stands for this.

Reformulated Blendstock for Oxygenate Blending

Traded on the Chicago Mercantile Exchange
 
Worked in Houston today, I live in Salt Lake City (Midway). Paid 2.33 for regular unleaded at Riddleys in Midway on the way to the airport Monday morning. I paid 2.39 in Houston today. Usually Salt Lake City fuel is .30-.50 more per gallon than Houston.

I will be working in Sioux City, SD tomorrow. Will be interesting to see their price for gas.

According to gas buddy, SLC prices are now 30+ cents more per gallon than Houston.
 
Jeff: My bionic eye spots a 2021 in signature … did I miss the Kodak moment ?
Sue's RX was a lease; it was up in Feb. I did not like the squishiness of the RX450h.
So we beat up Putnam Lexus to find a 2021 RX450h F Sport, white on red only.
$2500 Lexus cash, $2500 dealer discount; $2000 credit for low miles on the '18 RX (Carvana wanted it and Putnam matched).
The F Sport is a much better driving vehicle.
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Sue's RX was a lease; it was up in Feb. I did not like the squishiness of the RX450h.
So we beat up Putnam Lexus to find a 2021 RX450h F Sport, white on red only.
$2500 Lexus cash, $2500 dealer discount; $2000 credit for low miles on the '18 RX (Carvana wanted it and Putnam matched).
The F Sport is a much better driving vehicle.

Ah nice … Hybrid eh?
 
Up to $2.699 here in Minneapolis, paid $3.299 for 93 octane at BP today. Even though I can't charge the Volt right now (needs the battery module and hybrid module reprogrammed due to an erroneous "loss of isolation" code), it still doesn't cost me much. It's a 9 gallon tank and get's ~35 MPG, so I'm filling up for round about $25 even at those prices. I commute ~15 miles a day, and get about 260 miles out of a tank, so I get about 2 weeks out of a tank assuming I don't go anywhere else. Real world, I get about a week per $20. When I was running on full electric, it cost me about $65 a month in utility charges, so I'm not losing much.

EDIT: just realized I posted in this thread this past Sunday and said regular was $2.399. Wow, kind of puts it in perspective. 30 cent rise in 3 days?? That doesn't even account for the impending switch to summer blend. This may get rowdy soon...
 
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Thankfully the price of fuel has never even crossed my mind. One of the few things I run my credit card on and always managed to pay end of month. Being bent out of shape with price of fuel is akin to being bent out of shape with the weather. You have no control.....
I share that mentality. I'm a bargain hunter by nature, I never spend X dollars on something when I can find it for Y dollars. However, gas prices don't get the same attention. I've tried using those "gas buddy" apps and whatnot to save 3 cents, but at the end of the day I just don't care. To the point that I'm a Costco member, yet I never buy gas there even though I'm less than 5 miles from a Costco. The added BS required to buy gas there just isn't worth the 5-7 cent savings when my tank is so small. Especially when you figure in the added time wasted waiting in the inevitable lines that come with the "privilege" of fueling there.
 
Yep. All my cars in the house get +/- 30 MPGs. Two are paid for. Other two are cheap to buy out.

Nope, not sweating the prices...they always go up and down. Maybe older does mean wiser... ;-)

Glad to see that more here aren’t sweating it....or crying about it on facebook....
 
Instead of complaining, the smart people buy more efficient vehicles and not gas guzzlers for daily/solo driving.
*work vehicles excepted

I think gas prices should be higher - lets actually get newer, safer roads out of it! Rebuild our infrastructure to interact with all of the new safety tech that vehicles have and prepare for self-driving vehicles. I'll pay an extra $1/gal if I can sleep on long drives through the middle of the night.
What you're talking about is an increase in gas tax. The extra money we're paying now is just going into the pockets of big oil execs...
 
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