Any reason for gas price surge?

Discussion in 'The Bench' started by BQUICK, Mar 20, 2019.

  1. red67wildcat

    red67wildcat Well-Known Member

    Hadn’t noticed here yet, glad I put 30 gallons in my truck yesterday because I’m sure it’s coming
     
  2. BYoung

    BYoung Stage me

    Still the best deal in town when you really think about it. Less than $3.00 to travel 15 or more miles depending on your mode of transport.
     
    1972Mach1 likes this.
  3. cluxford

    cluxford Well-Known Member

    Yep...a CEO needed a new Yacht ...he thanks you for your purchase
     
    johnriv67 likes this.
  4. gs66

    gs66 Silver Level contributor

    I’m in the business and most of the money is made before it gets to your local station. The market is so volatile these days when compared to years ago. Product cost goes up in chunks. Prices drop slowly since you don’t want to sell the gas in your tanks for less than you paid for it. A few cents per gallon goes to pay for your points/miles/rebates from your bank credit card as credit card fees are very high.
     
  5. jay3000

    jay3000 RIP 1-16-21

    You've only done a small portion of the math equation. You've assumed that the vehicle cost nothing to buy, drive, insure, or maintain.

    Granted, the difference between 2.50 and 3.00 for gas is only a small part of the equation.
     
  6. BYoung

    BYoung Stage me

    Date Nominal Price Inflation Adjusted Gas Price
    1969 $0.35 $2.26
    1970 $0.36 $2.19
    1971 $0.36 $2.10
    1972 $0.36 $2.04
     
  7. BadBrad

    BadBrad Got 4-speed?

    Boutique fuels; hot-ish economy; summer demand around the corner.
     
  8. Mart

    Mart Gold level member

    .020 more a gallon my a--.
    Try $1.20 or more on the water. Last year I paid $4.06 per.
     
  9. dl7265

    dl7265 No car then Mopar

    Yes .. they said a month ago they are trying to get to $3 a gallon .
     
  10. Mike Trom

    Mike Trom Platinum Level Contributor

    Ugg, that will mean $3.50/Gallon here in NY State:mad:
     
  11. jmos4

    jmos4 Well-Known Member

    Hi all,

    3.69 in MI yesterday

    Guess they think we all got our tax return, and they figured they'd help us spend it, lol

    Saw a thing on the news yesterday blaming on summer gas production and maintenance lowering production

    Regards,
     
  12. Mike B in SC

    Mike B in SC Well-Known Member

    Is that for regular or premium? Down here in Alabama regular is around 2.28 and premium is 2.98.
     
  13. jmos4

    jmos4 Well-Known Member

    Hi again,

    Regular 87 octane, 55 miles north of Detroit

    We always seem to be higher than the national average

    Regards,
     
  14. TrunkMonkey

    TrunkMonkey Well-Known Member

    Still beats walking 22k miles a year. :D
     
  15. GSST1

    GSST1 Well-Known Member

    No shortage of crude supply. As the switch is made from winter blend to summer blend, that is where the "shortage in supply" comes from. (Similar to retooling a machine to make something and production stops for a time.) The process of the switch decreases supply, so the price is driven up. I believe media helps drive the price up further, but that is just my opinion. Supply is measurable,
    consumer perception is not. Thank goodness for competition!

    jj
     
  16. BQUICK

    BQUICK Gold Level Contributor

    Maybe this is an area that needs price controls so we aren't taken advantage of seasonally or based on media......

    Another thing lower income areas seem to pay less maybe that is a good thing. My sister in CT pays about .75 more than someone in rural Alabama
     
  17. Mike B in SC

    Mike B in SC Well-Known Member

    I think this is mainly because of the different states taxes on the gasoline. CT probably has a much higher state gasoline tax than Alabama.
     
  18. 1972Mach1

    1972Mach1 Just some M.M.O.G. guy.....

    Still at $2.35 here for 87 as of this morning. Non-ethanol 91 octane was $3.05 yesterday when I got gas.
     
  19. GSX 554

    GSX 554 Gold Level Contributor

    Just did a 300 mile trip thru eastern PA yesterday . Lowest was $2.67 near Philly highest was $2.89 near Scranton .
     
  20. jay3000

    jay3000 RIP 1-16-21

    I don't get where you are going with that> My point is that the difference of 50 cents a gallon makes little difference in the overall cost of driving in MOST cases.
     

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