Not everything goes accoerding to the trend. You don't see parachute pants coming back in to style.

 

or using spell check

 

Good info and good to know.
Maybe what I read was wherever it goes after it comes out of the ground.

If if was that simple gas prices at the pump wouldn't be so volatile. How can it be explained that the barrel is one price and weeks or whenever it gets in the ground at the gas station it's one price related to the past, then some excuse comes along...especially holidays after the 1st day of travel then bam it jumps...
Why is this if it's the same gas that cost what it did weeks or months ago?
If the price of a barrel dropped today how does it affect gas in the ground at the gas station that cost more per barrel when it was pumped out of the ground?
Speculation, supply and demand or both?

Doesnt mean they wont come back...eventually.
After the election, gas will go up and up from whatever price it is prior.

 

Gas is around $3.75/gal here, probably because this area is a huge retirement community and they figure the retired blue hairs can afford it. 5 weeks ago it was $4.55/gal for 87 octane. So, its down $0.80/gal in the last month or so. I'm loving it. Instead of $110 to fill up my truck, it now costs about $90. I'll be happy with $75 fillups. Too bad it'll never happen.

 

Ah jeez. In california you have it cheaper than us... What is NY doin.

 

It will be funny should it drop to $3.00 range and people start going back to trucks and suvs.

All those higher than thou Prius hippies who were loving our pain are not going to be happy.

 

The reason you get the fluctuations like that is we import much of our oil to make up for the fact that we don't pump enough here. When we get the oil in some of it goes to the Strategic Petroleum Reserve, basically they are salt domes that we store oil in. The other part goes to the refinery, when the demand jumps and or the price to import goes up we have to pay more at the pump to offset the cost of the oil we are importing, sometimes they will release some oil from the SPR to help manage the market, but that oil has to be replaced so it just delays the cost jump. So until we stop our dependency on foreign oil be it by drilling or alternative fuels or both we are at the mercy of OPEC. As for the same gas costing more, that is not supposed to happen. The stations are only supposed to change their prices when they order more gas, that is one reason why gas prices are slow to change when prices go down and change quickly when price goes up. When prices go up they order gas right then to get it at that price before it can clime higher, when it goes down the stations that tanks are full sell less gas because they are still at the higher prices until they can order more therefore they stay at the higher prices longer.

 

Oil jumped $25 a barrel today.

http://blogs.usatoday.com/ondeadline...mp-in-cru.html

 

they keep raising the price hoping we'll put our virgins over the barrel for them.