Duly noted. Good to go for next time.
Thanks.

The last peak was on Sept 22 [here]. It was when there was gas shortage in Atlanta after Hurricane Ike. The direct flow to Atlanta from Houston was shut off. We were WAY above the national average during that period, but when the pipeline was back up to regular rates, news talk radio reported that we went from 30 cents above the national average to 30 cents below the national average within a week. That gas shortage sure was a wild experience, btw.

 

if i only had a nickel for every time i heard that line. sure, the tinfoil hatters may think that "big gubbmint's out to fv(K em" with the gas price, and big oil is in bed with them, but maybe, just maybe...the recent upturn and subsequent downturn was due more to supply and demand (think china, india and every other country that's lower class could suddenly afford a car and every other modern luxury we afford).


THENthe subsequent crash of the equity markets happened which erased wealth around the globe. Most people don't realize that the greatest indicator of economic health sits on the corner of their local gas station.

 

lol.. as far as my comment on gas going down during elections, I wasn't trying to imply that the elections were directly responsible for the gas prices, just simply noting the obvious correlation between the two..

Correlation does not equal causation.

 

I don't have one with the gas prices per gallon, but I have one showing my mpg's since I purchased the truck in Feb 2006.



I'm hovering around 12 mpg's. I have kept track of my fuel mileage since the day I bout the truck and back in Feb 2006 I was paying $2.16 a gallon. Filled up last week and it was $2.79 a gallon. This week it's down to $2.49 so we're getting close to that $2 a gallon stuff I keep hearing about.

 

Ahh! lol.. gas prices are going down.. yet so are your mpgs.. one would assume that your getting cheaper gas, but you may also be getting worse gas.. hows that for conspiracy..?

That argument may be kinda out there.. honestly, from the looks of it, I would assume your mpgs going down as a result of less driving restrictions.. I know I've been hammering down on the throttle a little bit more since gas has lowered.. I pay $1.98 for 93 octane down in South Texas.

 

Would I be remiss in thinking that the possible decrease in fuel quality would have something to do with the refiners switching over to "winter" fuel (containing MTBE)? I believe that decreases fuel economy.

 

0.794$/liter here in Québec.

Haven't seen such low price for 8 years or more.

 

Yeah, especially for winter too

 

I think this one will go down in history as a gas futures bubble. Investors were purchasing futures in oil and pushing the price of a barrel of oil up to $147. The price has dropped to under $60 a barrel. That bubble popped back in July and a barrel of oil fell fast. I think the pin that popped the bubble was the talk of drilling for oil at home.

That was the topic on talk radio as I drove to the dealer to look at the truck I ended up purchasing. Gas was up to $4.29 a gallon, but I did not believe it could hold that price. The graph supports that explanation as it resembles the rapid drop of a popped bubble.

 

That makes the most sense. I've always said I could feel the difference in performance between a tank with e10 and without ethanol. I have not yet driven a tank full of e85, but we know for a fact the impact that will have on the mpg graph. Here in WI we have switched over to fuel containing 10% ethanol permanently.

I also agree at less than two dollars a gallon I'm on the gas a bit harder now, and take the truck out more often.

 

Well, I've got that mpg plot too, but it is greatly inconclusive. My driving conditions change too much from week to week. The lines show a moving average of 5 fillups.

Here you go:

 

As long as supply/demand stays at it's current pace and OPEC doesn't cut supply I think the prices will stay put. Just went under $2 here in Cali about 4 days ago.

 

Another update since things are stabilizing...

 

LOL. The MPG graph was posted by a person who lives in Hawaii.

But you are probably right about the winter fuel, not to mention that colder motor oil and transmission / differential fluids increase drag.

 

Another update (I haven't bought gas for the Jeep since April since they gave me a work truck and fuel card):