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- Thread starter BuckBackHome
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BuckBackHome
Wolverine is largest member of weasel family
Filled up for $1.99 tonight when all the other stations had already jumped to $2.19.
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ScarletBlood31
Buckeye in Blacksburg
I've seen it down to $1.99 in a handful of places around here.
It's great, considering a few months ago it was up to atleast a dollar more than that.
It's great, considering a few months ago it was up to atleast a dollar more than that.
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I forgot to post this last week. I paid $2.09 just before leaving Iowa, and it was $2.49 in suburban Chicago later that same day.
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JoJaBuckeye
First we take Michigan--then the whole world!
I've been paying 2.08-2.12 around Atlanta. Just bracing for the next tsunami/hurricane/terrorist attack that will result in gas jumping to 3.00 by summer.
Oh wait...it will jump to that price anyway. Never mind.
Oh wait...it will jump to that price anyway. Never mind.
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ScriptOhio
Everybody is somebody else's weirdo.
Why gasoline follows oil up but not down
The short answer: service stations do it because they can. But the amount they're making off you may be surprising.
NEW YORK (CNNMoney.com) -- If it seems like gasoline prices are quick to skyrocket when the price of oil goes up but then take their sweet 'ol time coming back down when crude prices sink, the answer is simple: they do.
"There is a rocket and feather aspect," said Tom Kloza, Chief oil analyst at the Oil Price Information Service.
And the reason seems to be simple economics.
The service stations are still selling the same amount of gasoline when wholesale prices fall, said Kloza, "so there's no reason to drop."
"Human nature being what it is, [service stations] typically react [to a spike in oil prices] by pushing prices higher even before they replace their in inventories," said Geoff Sundstrom, spokesman for the motorist organization AAA.
"And human nature being what it is, unless other stations bring their prices down, he's going to be very reluctant to bring down his."
Entire article: http://money.cnn.com/2007/01/12/news/economy/gas_prices/index.htm?cnn=yes
The short answer: service stations do it because they can. But the amount they're making off you may be surprising.
NEW YORK (CNNMoney.com) -- If it seems like gasoline prices are quick to skyrocket when the price of oil goes up but then take their sweet 'ol time coming back down when crude prices sink, the answer is simple: they do.
"There is a rocket and feather aspect," said Tom Kloza, Chief oil analyst at the Oil Price Information Service.
And the reason seems to be simple economics.
The service stations are still selling the same amount of gasoline when wholesale prices fall, said Kloza, "so there's no reason to drop."
"Human nature being what it is, [service stations] typically react [to a spike in oil prices] by pushing prices higher even before they replace their in inventories," said Geoff Sundstrom, spokesman for the motorist organization AAA.
"And human nature being what it is, unless other stations bring their prices down, he's going to be very reluctant to bring down his."
Entire article: http://money.cnn.com/2007/01/12/news/economy/gas_prices/index.htm?cnn=yes
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