so......how much do you pay for gas?

[stabmasterarson]

hahhaha,this is one of the issues that makes it alright to live out west, here in the big sky state (montana) reg gas is 2.69 the highest octane is like 3.02, and the most expensive diesel is like 3.06. i assume if gas is almost three bucks in ct, than gas in westchester is prolly 3.50 a gallon.  damn im only twenty and still remember when gas was a dollar a gallon.

[Blackieshamps]

alright so check this out, on my way to and from the diner this afternoon, gas prices rose from 20 to 50 cents a gallon at the stations i passed, just in the 45 minutes i was eating.  dude at the mobil told me that itll be up to $4.00 by the end of the weekend.  

NOW, this kid i know who works at another mobil told me that they arent paying any more for gas now than they were last week, or last month!! he says they are still getting barrels at $50 bucks a pop(about 50 gallons a barrel he said).  Wow, what an astronomical profit margin. and everyone keeps rushing to get ggas before the price goes up again. crazy. i guess gas tycoons gotta eat too.

[Gordo]

Gas is $3.16/gal here in Indiana, and usually we\'re one of the more conservative states. We\'ve always had lower gas prices than everyone, until now.

you still do. average=3.39 a gallon ere in IL. i have friends that go to Indiana for cigarettes b/c theyre still a lot cheaper than here. maybe it\'s an excuse for gambling at Trump and what not but still.

[Ant-Man]

I\'ve got an idea!  Crude oil is a natural resource, how about we all share!  Yay, problem solved, and while were sharing that we can share other natural resources as well...heheh

[antbach]

NOW, this kid i know who works at another mobil told me that they arent paying any more for gas now than they were last week, or last month!! he says they are still getting barrels at $50 bucks a pop(about 50 gallons a barrel he said).  Wow, what an astronomical profit margin. and everyone keeps rushing to get ggas before the price goes up again. crazy. i guess gas tycoons gotta eat too.

Unless your buddy works for the Mobil/Exxon Corporation or one of its distribution terminals his facts are most likely wrong. Gas stations buy gas from terminals at a per gallon rate, they do not buy it in barrels. Most stations only make 3-9 cents per gallon. The reason "name brand" stations are usually 5-15 cents more per gallon than the private stations is that they are not only paying the wholesale per gallon price (which trust me, has not been $1.00 a gallon as suggested with the barrels above in at least 5-6 years), but they are also paying a delivery charge per gallon. The private stations that have their own fuel trucks are the one\'s whose gas is usually the cheapest because there is no middle charge.

For those of you in the New Haven area who would like to know the wholesale per gallon cost of a gallon of regular unleaded go to Forbes Premium Fuel on Forbes Ave (New Haven) and/or North High St (Staven) and subtract 7 cents from their per gallon price (7 cents being an average of what the owner makes per gallon, it varies because he sometimes will keep his prices the same for a day or so after a wholesale increase to remain lower than the competition).

[SlimPickens]

AntB, thanks for hitting us w/ the realities of retail gasoline.  I always wondered how that worked.

[Spacey]

AntB, thanks for hitting us w/ the realities of retail gasoline.  I always wondered how that worked.

are you still in an out of state library, while you should be on vaca?

[antbach]

AntB, thanks for hitting us w/ the realities of retail gasoline.  I always wondered how that worked.

No problem guy. What I noticed during my lunch break driving up Mineral Spring Ave in North Providence (kinda comparable to Branford Hill) is that right now its seems to be a free-for-all for prices. In a normal, non-whateveryou wanttocallthis period of time the stations on that road, and probably throughout the country in the same business area, are relatively close to each other in price (maybe a 15 cent per gallon difference between the highest and lowest). Today was a completely different story. The part of the hill I drove by this afternoon has 4 stations (2 Shells which I believe are the same owner since they\'re prices are always the same). $3.079, $3.199 (shells), and $3.399 for regular. 32 cent difference between highest and lowest (both are name brand, and they\'re basically across the street from each other). I don\'t know exactly what price-gouging is, but I think it resembles a monopoly (with the station owners on it together), but I don\'t think its happening. The owner who is at 3.399 and getting no customers is going to look like a genius if there is a shortage and the guy at 3.079 runs out.

[Spacey]

did anyone see the news report about the guy in georgia who raised prices to 5-6 bucks a gallon because he was afraid he would run out and tried to stop people from buying gas.

[antbach]

did anyone see the news report about the guy in georgia who raised prices to 5-6 bucks a gallon because he was afraid he would run out and tried to stop people from buying gas.

I thought it was becaus eeveryone was out of gas and he was the only with it. . .

[SlimPickens]

AntB, thanks for hitting us w/ the realities of retail gasoline.  I always wondered how that worked.

are you still in an out of state library, while you should be on vaca?

yes.  can\'t hit the beach until I get some problems fixed, can\'t get the problems fixed till I hear back from my boss... so I play the waiting game... which entails surfing .info, nytimes, bushwatch, etc. etc.  It\'s all very depressing, thanks for reminding me SPACEMAN!!

[Spacey]

did anyone see the news report about the guy in georgia who raised prices to 5-6 bucks a gallon because he was afraid he would run out and tried to stop people from buying gas.

I thought it was becaus eeveryone was out of gas and he was the only with it. . .

I think that was the reason why he raised it. I guess the governor of Georgia told a few places to do that because they need people to stop consuming so much so fast.

I think they put it up that high so people would become discouraged from buying it.

AntB, thanks for hitting us w/ the realities of retail gasoline.  I always wondered how that worked.

are you still in an out of state library, while you should be on vaca?

yes.  can\'t hit the beach until I get some problems fixed, can\'t get the problems fixed till I hear back from my boss... so I play the waiting game... which entails surfing .info, nytimes, bushwatch, etc. etc.  It\'s all very depressing, thanks for reminding me SPACEMAN!!

Not a cloud in the sky. I sit here and type you from besides my pool. No lovely women in bikinis but just me and some internet porn.

[skalnbyc]

It goes to show you how many people often do not know what makes an industry tick, yet continue to comment and argue on subjects they are not versed in.  

That is why I generally do not comment or argue unless I know what I am saying is reasonably accurate.  Before Ant stepped in with his experiences, there was plenty of speculation as to how the industry works - some of it quite far off from reality.  If everyone read the Wall St. Journal, they would get a better sense of the world and know how industries operate (and who profits) and connect to the world.  It\'s really some of the best reading out there in the form of a daily deliverable, though most people outside the world of business probably have no reason to turn themselves on to it.  I can guarantee that I wouldn\'t be reading it if I didn\'t have a finance degree.

I guess the reason I get peeved is that every liberal person tries to argue on issues of trade and business, yet so few actually have any grounding in the principles of economics.  

If I ever give a commencement speech to a graduating high school or college class, in addition to urging them to have fun in their careers, I would also make the suggestion that they do not argue on subjects that they have very little knowledge of, a specialty among many college-aged kids.  

Ciao - I\'m off to Long Beach for the weekend.  Best wishes to all this Labor Day Weekend.  Can\'t wait to hear the Moe.down reports and more "Tales From the Pump" (though hopefully they\'ll be improving).

[Spacey]

why do you always have to attack the liberal people?

are you saying conservatives are better then liberals?

[skalnbyc]

why do you always have to attack the liberal people?

are you saying conservatives are better then liberals?

nope, I\'d say that I learn a lot from both, I just think that liberals in general make the most noise in the world, often without any substance.