What's up with gas prices?

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I think gas companies don't want to drop prices too low because they don't want to anger the public with see saw prices. 2.50/gallon then $4/gallon six months later. so there might be some backroom talks with keeping gas above $3/gallon no matter how much oil prices drop as long as it's over $60/barrell. you can always say the instability of the middle east is the cause of the high gas prices. pick your country. I don't know anything I'm just talking.
 
Originally Posted By: Whimsey
For the longest time midgrade was $0.10 more than regular and premium was $0.20 more than regular. Since later this summer here in NW NJ midgrade is running about $0.24 more and premium is $0.38 than regular
shocked.gif
. If I do a 50/50 mixture of regular and premium it comes out $0.05 less per gallon than using straight midgrade plus the octane level is higher, 90 vs 89. Have any of you noticed the jump in price differences between regular and midgrade and premium?

Whimsey


Yes, absolutely. Some stations keep the 10c spread, some stations seemingly subsidize their RUG price by really hitting the PUG price severely. 30-50c.

Plus another thing Ive seen locally that I dont see much elsewhere (other than 20 years ago) is the credit card surcharge. They tack 10c/gal on if youre using CC. Now, I have pentagon federal credit card that gives 5% all the time back on gas, but still.

The problem is that the NJ cash price is still cheaper than other states, but tack on that 10c, and I might as well buy gas in DE, PA or MD!
 
Originally Posted By: Cutehumor
I paid $3.24/gallon at kroger gas station. needs to drop below 2.50 imho the way the economy is.


Wishful thinking.
It costs $75 to extract a barrel of oil from Canadian oil sands. Oil is now near $80, so i don't think it will get any cheaper. The opposite is true, it will get more expensive soon (as soon as economy will try to recover) and the whole cycle will repeat.
 
The price of oil would not rise as much if the central bank would not put more money in circulation.

Anyway, back in 2002, my Jetta 1.8T used premium, and it cost $1.95 when regular cost $1.95. I got my Mitsubishi Lancer Ralliart in February of 2011, and I pay $3.65 for premium regular is $3.25 right now.

One thing that also happened was that back in 2005 or so, we all got stuck with E10 gasoline. That stuff sucks.
 
Originally Posted By: artificialist

One thing that also happened was that back in 2005 or so, we all got stuck with E10 gasoline. That stuff sucks.


How true! The original oxygenator used was MTBE, I thing that's it's name. MPG suffered versus "real" gas. It was found to be "bad" for the enviroment or more likely political interests. Then they went with ethanol as the oxygenator, lost even more mpg. I understand that ethanol increases NOX emissions and you burn even more fuel creating more overall pollution to go the same miles.

Oxygenated gas was conceived to help CARBURETOR equipped vehicles with cold start emissions. Duh! How many cars have carburetors today. It's become a political boondoggle that is hurting many with increased food prices and vehicle operating costs. It doesn't decrease our reliance on fossil fuels, which we have plenty of in this country if we could extract it without the government blocking it.

Whimsey
 
Originally Posted By: L_Sludger
I'm paying $4.30 for premium here.


How is that I live in the middle of the Pacific Ocean, the most isolated inhabited place on earth, and I pay $4.10 for premium?

I don't care what oil companies say, they're ripping you off.
 
What I find interesting is the rapid fluctuations with no discernible reason. Such as a spike in world oil prices. Last week Sunday, regular was $3.28 at my local small town Wally World. Most of the stations in town follow their prices to the penny. Friday morning when I filled up my bike it was $3.14 Saturday morning when I went to get a newspaper it was $3.28 again. By Sunday morning it was down a penny a gallon. I had a friend who managed a convenience store tell me they always raised their prices Friday afternoon and started to drop on Monday. I realize that other factors control prices such as local demand, regional emissions formulations and total number of refineries that are actually online and producing but I suspect mostly it is supply and demand. We demand they supply, at a price.
 
Originally Posted By: Whimsey
For the longest time midgrade was $0.10 more than regular and premium was $0.20 more than regular. Since later this summer here in NW NJ midgrade is running about $0.24 more and premium is $0.38 than regular
shocked.gif
. If I do a 50/50 mixture of regular and premium it comes out $0.05 less per gallon than using straight midgrade plus the octane level is higher, 90 vs 89. Have any of you noticed the jump in price differences between regular and midgrade and premium?

Whimsey



I know one thing is for sure, I`m definitely staying with premium. I used 87/89 a few times,and it ran like [censored]!
 
Originally Posted By: artificialist

One thing that also happened was that back in 2005 or so, we all got stuck with E10 gasoline. That stuff sucks.
Im feeling the E10 pains here in WA pretty hard. Its a shame that I cant get straight gas here ever again... I wish the Canadians that come across the boarder everyday to buy gas here would realize that at least they have a choice in the matter and not buy this junk. fools.
 
Originally Posted By: yaris0128
Im feeling the E10 pains here in WA pretty hard. Its a shame that I cant get straight gas here ever again... I wish the Canadians that come across the boarder everyday to buy gas here would realize that at least they have a choice in the matter and not buy this junk. fools.


Our choices are limited, too. I can get premium that's pure gas, but not regular. Premium is also available in E10. The stupid thing is that before the government got involved, E10 was cheaper (with a higher octane grade) than pure gasoline regular. So, there was all the incentive people needed to use E10, which I did, I might add, with no adverse consequences over many years of use. The government gets involved, and all gets shot to heck.
 
I've noticed as much as a 40 cent difference from regular to premium here,and possibly even 45 cents a couple of times.

The local station I buy from sells premium for 20 cents more than regular,and it's all ethanol-free.

We saw regular for less than 2 bucks a gallon just a week ago on the Gulf Coast. Now it's jumped up 20 cents or more in a week or so.
 
In southern NH the difference is $0.20 between premium (octane 93) and regular(octane 87). It has been this way since late 1980's till now. We have up to 10% ethanol in our fuel.

Not sure why except maybe Maine causes this North of here. It seems like 91 Octane is all you can find in Maine and upper NH.
 
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