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Old 12-24-2014, 02:09 PM   #161
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As I drive less than 4 miles days and take the train to work, low gas prices (or high gas prices or any gas prices) are more or less just a curiosity to me.

But if it helps our economy and screws over evil petro-states in the process, I'm all for it.
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Old 12-24-2014, 02:18 PM   #162
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$2.53/gal today at my local Chevron station (only use their gas). Other than owning Oil Company stock, I'd love to figure out some sort of hedge to lock in these prices for the next couple years - it was only a few short months ago that I was paying > $4/gal at the same station!

That said, I think there is an element of sticking it to Putin, as well as OPEC trying to kill off our fracking and other self-sufficiency efforts. I guess, what I'm saying, is that I smell complete and total manipulation of the market here...
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Old 12-24-2014, 02:54 PM   #163
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$3.44 +/- here in Paradise. Down almost a dollar from it's most recent high (roughly year and a half ago IIRC). At some point, even the electric co. (HECO) will have to lower prices as will the shipping companies as all their oil prices have plummeted. Prices here go up very quickly but drop very slowly based on oil prices. Go figure and YMMV.
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Old 12-27-2014, 04:45 PM   #164
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$1.839 yesterday at Costco


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Old 12-27-2014, 05:49 PM   #165
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Price dropped another dime today to $2.49
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Old 12-27-2014, 06:17 PM   #166
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$2.19.9 today at Costco in Oregon
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Old 12-27-2014, 06:19 PM   #167
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BTW, I add my own lubricity additive to my purchased fuel.
I also add in some lubricity additive. I use the Wal Mart TC-W3 two stroke oil, about $12/gal and I add approx 1 oz/gal of fuel. I like to think it has beneficial effect for my old mechanical injection pump diesels, and my newer high pressure injection pump diesels.

Back on topic, sure wish the price of diesel was not approx $1.00/gal difference from gasoline The local prices here are right around $0.90-1.10/gal higher for diesel vs regular gasoline. Happy the price has dropped on diesel, just wish EPA would stop screwing with it!
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Old 12-27-2014, 06:26 PM   #168
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Drove from San Antonio to little rock and back over the past 4 days. Saw gas down to 1.84 near Dallas and we filled up a couple of times at 1.99 along I 35
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Old 12-27-2014, 07:15 PM   #169
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Old 12-27-2014, 09:02 PM   #170
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Diesel @$2.89 at a few Houston stations. Saw RUG @ $1.78 at a Sam's Club.
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Old 12-27-2014, 09:43 PM   #171
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I would love to see gas below the $2 mark here. Keeping fingers crossed!
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Old 12-27-2014, 10:47 PM   #172
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Gas prices are just a manipulation of general public for economic reasons. Low gas price help people spend. Gas prices will rise after the new year. Companies are slow to react so diesel prices don't have the same volatility. People will literately sell a fuel sipper for a gas guzzler after a month of low gas prices.

So my predictions are gas prices will rise after the new year and the economy will take a sharp downturn after the next election.
Not so fast, Mike. Demand for gasoline has fallen off a cliff in the past decade. In 2003 demand was never less than 60mm gallons per month. This year it's never been much above 20mm. Bring on that 0.99/99 gas.

U.S. Total Gasoline Retail Sales by Refiners (Thousand Gallons per Day)
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Old 12-27-2014, 10:49 PM   #173
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$1.839 yesterday at Costco


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$ 1.87 Costco in Kansas City yesterday.

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Old 12-27-2014, 11:16 PM   #174
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Not so fast, Mike. Demand for gasoline has fallen off a cliff in the past decade. In 2003 demand was never less than 60mm gallons per month. This year it's never been much above 20mm. Bring on that 0.99/99 gas.

U.S. Total Gasoline Retail Sales by Refiners (Thousand Gallons per Day)
This is another reason why it's not cost effective to build any new refineries in this country. Refining capacity was about 17 MM bbl/day last time I checked and we can import refined product to cover the diminishing shortfall. The last few big refinery upgrades in the U.S. were to add capacity for middle distillates (fuel oil, diesel).
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Old 12-27-2014, 11:54 PM   #175
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$1.99 at the stations in our small town in north central IL, but only $1.85 in the burg 15 miles south of us.
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Old 12-28-2014, 08:25 AM   #176
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$1.839 yesterday at Costco


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Old 12-28-2014, 08:27 AM   #177
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In my area (a high gas tax state) Costco is selling regular for $2.32. The local 76 station is selling it for $2.89. 25% more.

Have we heard from the Leaf and Tesla owners yet?
Didn't feel the need to chime in.

I do find it very interesting (although completely expected) how much money this puts in people's pockets. And, the 'shot in the arm' this is giving the economy.

It makes me wonder how much more energetic our economy would be if, say, about 40% of the population were paying ˘50 to $1/gallon fuel costs like many EV owners. Or even for high cost electricity, could rely on $1.50-$2 fuel costs in the long term?

Last I saw, gas was $2.14 in Minnesota.
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Old 12-28-2014, 01:22 PM   #178
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Filled up the suv with premium this morning at $1.31. Of course a $.90 Tom Thumb reward helps
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Old 12-28-2014, 05:09 PM   #179
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No idea what the price of gas is here. I bought some Last December 15th. Paid $15 for 3/4 a tank. Have driven no more than two miles a day since then. The Prius is at 7/8 full. Probably won't need gas until mid-January. Finishing 20 days on call staying 0.5 mi from the hospital, then going home where I will be no longer regularly employed. Yippee! I would walk except for unpredictable hours and weather.


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Old 01-05-2015, 08:19 AM   #180
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$1.729/gal at the local Sam's club yesterday. I'm framing the receipt as I'm not sure I'll ever see gas this low again in my lifetime. I paid $0.239/gal when I first started driving ($1.85/gal adjusted for inflation). Too bad I didn't think to save that receipt...but those stone tablets were heavy.
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