WTF Is Going On With Gas Prices?

BAGIANT · Oct 4, 2012

I don't know about your area, but gas prices have gone BONKERS here today. I got gas at 4.219 about 2 pm today, and a station across the street which normally has the lowest prices in town was 4.399 a gallon.

Later in the day I had to get more gas and was flabbergasted when I pulled into another ARCO station and had to pay 4.499 a gallon.

But my friend just called me and told me that the station that was 4.399 a gallon had raised their price to 4.999 a gallon!! 5 freakin' dollars a gallon.

Reports on the radio stations say it's because of the refineries that have a shortage. I say BS!!! I say I'm tired of these oil companies pushing us around and driving up the cost of gas! There is no freakin" shortage and they are just using that as an excuse.

I've never seen gas prices rise so fast for no reason....even during the gas "shortage" in the 70's .

KillaRSox · Oct 4, 2012

They're going up in NY too. Not as excessive but they're going up.

How??? Oil has been dropping for the past few days

Doug · Oct 4, 2012

KillaRSox said:
They're going up in NY too. Not as excessive but they're going up.

How??? Oil has been dropping for the past few days

there should be a lag time of a few weeks before prices at the pump rise or fall vs. the crude price.

ProPokerPlayer · Oct 4, 2012

Ours have dropped about 20 cents in the last 5 days...Must have something to do with the west coast supply maybe.. I see 3.40 and paid 3.59 a week ago..

SoCal · Oct 4, 2012

BAGIANT said:
I don't know about your area, but gas prices have gone BONKERS here today. I got gas at 4.219 about 2 pm today, and a station across the street which normally has the lowest prices in town was 4.399 a gallon.

Later in the day I had to get more gas and was flabbergasted when I pulled into another ARCO station and had to pay 4.499 a gallon.

But my friend just called me and told me that the station that was 4.399 a gallon had raised their price to 4.999 a gallon!! 5 freakin' dollars a gallon.

Reports on the radio stations say it's because of the refineries that have a shortage. I say BS!!! I say I'm tired of these oil companies pushing us around and driving up the cost of gas! There is no freakin" shortage and they are just using that as an excuse.

I've never seen gas prices rise so fast for no reason....even during the gas "shortage" in the 70's .

I got $4.19 this morning over in Escondido at the VONs... Not too far from you, in Vista. I was just passing thru so I don't know what price are now in the evening. I heard they jumped... glad I got a tank in the AM

ProPokerPlayer · Oct 4, 2012

Bloomberg.........
Throughout California, the average price of a gallon of regular gasoline jumped 8 cents overnight to $4.32 and was up 18 cents during the past week, according to the AAA's Daily Fuel Gauge.
Analysts said it was poised to quickly soar past $4.37 a gallon — the high so far this year — after refinery outages and pipeline problems left the state short on supplies.

bigbet1234 · Oct 4, 2012

I left Cincy this morning, prices $3.59, up in Northern Ohio I seen $3.37, cheapest I've seen in a LONG TIME

bigbet1234 · Oct 4, 2012

They could sell it for $9 a gallon and we'd buy it. It's a damn monopoly, and it's getting old real fast. We will never see the $3 gallon, let alone $2

TomGshotput · Oct 4, 2012

bigbet1234 said:
They could sell it for $9 a gallon and we'd buy it.

That means every time you buy gas you are saving $5.50 per gallon, according to therx logic

mplastered · Oct 4, 2012

Or we could drill our own. It's called perception.

CoachCB · Oct 4, 2012

It's Bush's fault!

RunLeeRun · Oct 4, 2012

It's a finite energy source. Will always go up, especially now that we pretty much know we are on the downward trend of production.

DesertNole · Oct 4, 2012

Supply/demand imbalance is driving up prices. Issues with refineries on west coast has created supply shortages. Special blend that is required by California due to the pollution limits is exacerbating the problem.

ALSportsJunkie · Oct 5, 2012

Paid 3.40 yesterday. Prices have been dropping steadily the past couple of weeks.

Betallsports · Oct 5, 2012

Paid $4.07 two days ago.. didn't fill up because going to Philly on Sunday and figure I'd grab some in NJ ( which has the lowest prices )
But heard last night that they are getting a 6 cent raise. Not sure what the price is, but guess I will find out soon enough.

C.P. · Oct 5, 2012

Betallsports said:
Paid $4.07 two days ago.. didn't fill up because going to Philly on Sunday and figure I'd grab some in NJ ( which has the lowest prices )
But heard last night that they are getting a 6 cent raise. Not sure what the price is, but guess I will find out soon enough.

http://www.gasbuddy.com/Gas_Prices/New_Jersey/index.aspx

mokoman · Oct 5, 2012

Gas is going up because of speculators.They control the price.Also because of ethanol,which is usually 10% in gas.Ethanol is corn.They predicted a bad year for crops (corn) because of drought so the will raise the price of wheat,corn,barley prices this fall.When you have 10% ethanol in your gas,you lose 10% mpg.So basically you are paying more for crappy gas that give you less mpg.all small engine motors have a hard time runnig on this gas.Chainsaws,weedwackers,grasscutters,hedgetrimmers and snowblowers.So if it doenst start if its sitting for a couple weeks,its because the ethanl seperates.You can ruin the motor.They sell an additive that helps with this.

Betallsports · Oct 5, 2012

C.P. said:
http://www.gasbuddy.com/Gas_Prices/New_Jersey/index.aspx

thanks, forgot about that site....

Still cheaper than what I'm paying here in NY

douglas · Oct 5, 2012

Mike ...........if you shop @ stop n shop you get great discounts for using their rewards card .
Its effortless too ........I save @ times 30 cents per gallon . Keep in mind I spend over 300 a week food shopping .
The way I look @ it , is I have to buy food anyway . One catch is , only Shell stations except the rewards card .

Betallsports · Oct 5, 2012

douglas said:
Mike ...........if you shop @ stop n shop you get great discounts for using their rewards card .
Its effortless too ........I save @ times 30 cents per gallon . Keep in mind I spend over 300 a week food shopping .
The way I look @ it , is I have to buy food anyway . One catch is , only Shell stations except the rewards card .

Yeah saw that a while back ago.. Could never figure it out ( well really didn't try ) lol

The wife said she would look into it. Plenty of Shell stations around me

I shop there most of the time... not $300 a week... but probably half

so how does that work ??