Average gas price $6.20/gal by end of Summer

[Chuckanut]

22.9¢ was the cheapest gas I ever saw. I also made about $1.50 an hour.

 

[skyking1]

I am watching the falling prices with great interest, as I have a ~320 gallon trip planned for November.
@Car-Guy, I stopped for avgas at Hobby several years ago, but was not paying that bill.

 

[jollystomper]

DW filled up at the local Costco today. Down to $4.29/gal. Cheapest elsewhere I saw during my driving today was $4.45.

 

[Mr. Tightwad]

I recall .29 in the LA area as a youth. Over half a century ago.

 

[JoeWras]

During the pandemic, I was going through my thousands of pictures. From the late 1979, I have a picture of a gas pump showing $0.899, and from around 2000, I have a picture showing $2.129. Both look great now!

The "high" prices seemed impressive at the time, but context tends to get lost. I find that these pictures are humorous in retrospect, and only mean something to me.

1979: the big spike near the end of the decade, a rise worse than this year's
2000: picture was from the 4 corners region of the USA literally in the middle of nowhere. They were commanding prices 30 cents over the stations closer to civilization.

 

[Teacher Terry]

I dropped off my son to work in Carson city for a few days so got gas because it’s always significantly cheaper. I was thrilled to only pay 5.15/gallon and then realized there’s really something wrong with that).

 

[Midpack]

Obviously we’ve now broken the record for highest actual and adjusted gasoline cost/gallon now - even though this chart does not show Jun/Jul 2022.

 

[Koolau]

I am watching the falling prices with great interest, as I have a ~320 gallon trip planned for November.
@Car-Guy, I stopped for avgas at Hobby several years ago, but was not paying that bill.

What equipment are you flying that can hold 320 gallons (or is that with stops? Or is it a a "terrestrial" trip?) I think I paid as much as $.49 back in the day - 1971. What is AVGas now? $7?

 

[GravitySucks]

Yesterday I was going to fill up with 89 octane. It's usually 12 to 20 cent higher than 87 octane but this time it was 92 cents higher. Wonder why the out of normal price difference?

 

[Midpack]

Yesterday I was going to fill up with 89 octane. It's usually 12 to 20 cent higher than 87 octane but this time it was 92 cents higher. Wonder why the out of normal price difference?

The trend started long ago and continues, (relative) demand is at the root of it as usual.

The combination of increasing demand for premium gasoline and market challenges to further increases in ethanol blending has led refiners and blenders to acquire more expensive sources of octane, leading to an increase in the price differential between premium and regular gasoline in recent years.

Beyond ethanol, other sources of high-octane blending components are produced by downstream units at petroleum refineries. Although total distillation capacity has increased in recent years, there has not been a corresponding increase in the capacity of refining units that produce high-octane blending components.

https://www.eia.gov/todayinenergy/detail.php?id=31732

 

[GenXguy]

It's $5.23/gal here, down only 6 cents from the high. Yet, a city less than 60 miles away in the same state is $4.69/gal at the same franchise. It's been like that for at least a few days.

 

[almost there]

Costco regular is $5.599 today. About .40 lower than other gas stations in the area. Chevron is still $6.50 for reg.

 

[swakyaby]

Costco regular is $5.599 today. About .40 lower than other gas stations in the area. Chevron is still $6.50 for reg.

I thought, must be from California. Yep, I was right.

 

[Midpack]

Down to $4.179/gal today, from a high of $4.599/gal - maybe $6.20/gal national average won’t happen unless there’s another system shock…fingers crossed.

 

[almost there]

Down to $4.179/gal today, from a high of $4.599/gal - maybe $6.20/gal national average won’t happen unless there’s another system shock…fingers crossed.

Fuel will come down. Everything else is the question.

 

[Midpack]

Fuel will come down. Everything else is the question.

Fuel costs affect everything…

 

[almost there]

Fuel costs affect everything…

Under normal circumstances. But this is anything but normal.
Devaluation of the dollar, zero interest rates.
Its a bold new world. Gas is just one of a million things this time around.

 

[Car-Guy]

It was $3.85 for regular at all four local stations yesterday. With my discount, that gets it down to under $3.50/gal. At this rate, they'll be giving it away soon.

 

[mojavesue]

Paid 3.89 today in Albuquerque.

 

[gayl]

$5.49 at local station. Thats down almost $1.50 from the highs. Lower if you belong to Costco (I don't... can't see driving 16 miles rt for gas. That's a 1/2 gallon)

 

[aja8888]

It was $3.85 for regular at all four local stations yesterday. With my discount, that gets it down to under $3.50/gal. At this rate, they'll be giving it away soon.

It won't go to zero. Someone has to make money on it!

 

[aaronc879]

$3.99 at my usual station. Good sight to see considering.

 

[Trailwalker]

$3.79 at Woodman's Grocery Store's gas station. It's dropped a chunk in the last two weeks.

 

[jazz4cash]

Travelled from Wash DC to Austin, TX
DC $4.45/gal
Bristol, VA $4.34
Nashville, TN $3.85
Little Rock AR $4.17
Austin TX $3.73

 

[karen1972]

Travelled from Wash DC to Austin, TX
DC $4.45/gal
Bristol, VA $4.34
Nashville, TN $3.85
Little Rock AR $4.17
Austin TX $3.73

I've been looking at gas buddy for my upcoming road trip and saw the prices range that much in just around a single city and then did some digging at my local area and saw gas ranging from $3.71-$4.39 across my own city right now...don't even have to drive across country. I guess the pays to shop around is very true for gas these days