Refineries in Mid-West Have Fuel Glut

[rp2813]

So far here, I've only seen one station offering 87 octane at less than $2/gallon, but there are certainly more.  For a change, diesel is now cheaper than gasoline.

 

The higher prices here are attributable to a couple of things, like taxes and cost of living.  This morning's paper reported that there will be a spike in prices over the next week or so as California refineries switch over to the warm weather formula.  It will be more pronounced in the southern part of the state and could jump as much as 30c/gallon.

 

Just when I thought I might have a crack at buying gas for < $2/gallon.

 

[appnut]

It's now $1.49/gallon at Walmart, just looked.

 

[DADoES]

 
Saw $1.59 in BC today.  $1.19 (I think) @ B here.

 

[gusherb]

Gas was $1.25 at a few stations here back a few weeks ago, everywhere else it was like $1.40 or so. Now it's back up to $1.70 everywhere. I scoffed at the price when I saw it today, but thinking about it now I feel ridiculous because that's still nothing compared to the $3.49 I was paying two years ago on my road trip out west (and it was like $3.75 here at that time). But now that it's so cheap it's become my personal mission to get it as cheaply as possible (not at the expense of getting watered down gas though) to make up for those super high costs I paid in the years prior.

 

[washer111]

Paid US$3.23 per gallon, refilling with 98-RON (Thats 93 in the US terminology) this morning at a local Shell station.

If I could fill with the usual 91-RON (I think thats 87 in the USA?), that would cost US$2.80 per gallon.

That said, the car requires either one of the higher grades, and I've found the cost of putting in the highest grade is mitigated completely by the significant increase in fuel economy, which can be about 1-3mpg depending on driving situation and use of A/C.

Mondays are the cheapest, although the queues are so long its pointless wasting all your day waiting for some fuel.

 

[DADoES]

 
Correction:  $1.26 here.

 

[polkanut]

The station I patronize just raised its price yesterday from $1.49 to $1.59.  They're still one of the lower priced sellers here in town.

 

[tomturbomatic]

Big oil will always find a way to rip off the consumer and the heads of the companies will not suffer although many lower down on the ladder will. All of the big corporations have the various levels of government in their pockets so their wish is law.

 

[cuffs054]

$1.04 at Ingles yesterday using shopping card.

 

[vacerator]

gas has risen to,

$1.78 here.

 

[foraloysius]

$5.41. A bargain for here!

 

[robbinsandmyers]

jkbff here in CT its the opposite. Real estate here is still tanked, rents are high in general but not as high as ND which strike me as Manhatten prices LOL. The 4 room 2br apartment I rent is $900.00 a month and its kinda dumpy but in my budget for now. Jobs are hard to come by here and it seems all new construction in town is public storage places, auto parts stores, Dunkin Donuts, or more public storage places. Taxes are very high here. In fact people are fleeing this state and have been for years. Its not business friendly or welcomes manufacturing but rather chases it out. I just had two old friends pack up and move to NC and Vail CO to spend the rest of their lives out because its just too expensive to live and retire here. The lower fuel prices are a much needed relief to people that own a house on a 50'X 150' piece of land that pay $6000.00 per year in property taxes plus have high grocery bills etc.

 

[rp2813]

No relief here for renters and potential home buyers.  The bubble is just getting bigger.  When it might pop, nobody knows.

 

Median home price in this county is over $950K.  A studio apartment in a new building nearby without so much as even a Juliet balcony goes for $1,900/month.  It's hard to imagine that it's driven by much more than climate (in all contexts) and intellect.  Commute traffic is nearing gridlock, yet the building continues, and "mass" transit simply doesn't work in a (sub)urban sprawl situation.

 

Just another reason gas costs more here than anywhere else but Hawaii, and yet few people are leaving.  Those homeowners that choose to are cashing in big time.

 

 

 

[vacerator]

Ralph,

That's California for ya! Must be the climate. A complete opposite of the non bubble area where the first commercial radio station was, KDKA.

 

[rp2813]

Key word, "commercial?"

http://www.tech-notes.tv/History&Trivia/Radio/Who was first/San Jose Broadcast .htm

 

[vacerator]

re; San Jose and silicon valley,

First in broadcasting, personal computing, Googling, and You Tubing.

 

[iheartmaytag]

Gas is climbing here.    Incresed 30 cents in the last three days.  $1.79 this morning.

 

 

[launderess]

This unsually warm winter probaly did not help matters.

Think here in NYC we had more days >50F then <32F this winter and March starts tomorrow. It was near 60F today and temps expected to remain in the 45F to above 50F during the day for at least the rest of this week.

Needless to say home heating oil and natural gas prices that should have picked up this time of year are flat.

 

[vacerator]

Harley, Laundress,

Gas is $179 here also.
High yesterday was 63f. Broke the 1880 record.
Tonight it's 32, and same for tomorrow with 4 to 6 inches of snow, or 1 to 3, they keep changing it. Warm again by the weekend.

 

[washer111]

Yesterday, at least in Perth WA, we had cheapest fuel in 11 years at US$2.42 per gallon. It jumped significantly today (Tuesday) due to how the fuel market works here, but will likely be at a similar price next Monday.

Reports are saying the fuel chains entered into a cut-price war, and were actually *loosing* money on a lot of transactions, in a bid to increase customer loyalty.