Where is gas price headed? What are you paying?

$3.38 for E10 and $3.51 for 100% no-Ethanol in Oklahoma City. It's easy to check national prices at http://www.gasbuddy.com The historical charts are hard to take some times when you see the old prices.

Reminds me of spending $0.25 to FILL my Honda scrambler (1.5 gallons) in 1974 at our old Deep Rock station.

 

$3.58 per gallon here in Wilmington, NC for non-ethanol. It had been around $3.52 for a couple of weeks but just jumped to $3.58 recently.

 

Up. Regardless of what happens short term, fuel prices will continue to trend up.

Tom

 

Re: Where is gas price headed? What are you paying?I

I just paid $ 112.00 for 58 liters. That is why public transportation is so popular in Europe. "By necessity" My brother in law asked me why I had two cars in America, when one car is enough! :cheer2: Just did the math on this, it works out to $7.53 a Gallon. Using 3.9 liters/gallon

 

Re: Where is gas price headed? What are you paying?I

I understand completely. I have made several business trips to Europe and have seen the price of gas over there. I have been asked many times by people there why we Americans are so wasteful !

 

Re: Where is gas price headed? What are you paying?I

They can't understand that we can drive for 8/10 hours at highway speeds and STILL be in the same STATE.

 

Re: Where is gas price headed? What are you paying?I

Yeah that justifies it then

So if we imagine a US state is the same as a European Country (similar population sizes and gdp's), we can now understand that Europeans can drive for 8/10 hours and still be in the same Country too. So what's different?

Maybe it's because you are wasteful? Fuel is expensive here in Europe, so we invest in other forms of transportation because despite the initial expense it is still cheaper in the long run.

But we've had this argument hundreds of times and Europeans don't understand Americans waste and Americans don't understand that you don't actually need massive pickup trucks or SUV's to be a plumber or take your kids to school. Everyone else in the world manages without huge 6 litre cars but cue the comments from some guy on here who says he can't manage as a joiner without his Ford F350 pickup etc. Well you know what? There are hundreds of thousands of joiners in Europe who manage without one.

You don't want to get it. Your fuel is cheap compared to hundreds of millions of human beings living in the first world. Yet we all manage, we all have a/c, we all have mobile phones and flat screen tv's and we all have builders, plumbers, maintenance guys etc. This isn't 1957 where you had big cars and Europe had Fiat 500's and Mini's. This is now the 21st Century where other Countries match or exceed your standards and often in a more efficient way.

So what gives America? Why the waste?

 

Re: Where is gas price headed? What are you paying?I

We organized most all our towns and cities with with no thought to integrated transportation. Europe and Asia did.

In otherwords, we institutionalized inefficiency for flexibility. With schools, shopping, work, and home locations all located assuming that cars would be the transportation, it's very difficult to not have a car for each driver in a household.

That said, the reason for so many monster vehicles is a cultural problem. I'll let someone else answer that.

 

We pay ~$3.75 in Virginia. I try to get gaso in NJ when possible, more like $3.50 in NJ, and they pump it for you! Go figure. Good for jobs. Let's go back to non-self-serve?

Some stock analysts feel gaso prices are headed lower short term, due to Libyan crude supply coming back on-line to Europe. The argument includes the fact that USA opened the Strategic Petroleum Reserve; USA probably did this to help out Europe (re: Libyan crude outage). These two factors might create glut of supply short term.

OTOH, some feel economy will have good spike up 4th quarter, so who knows?

 

View attachment 32097

Paid $3.899/GAL yesterday

 

I'd guess gas prices will be pretty stable now that Labor Day is past, assuming no major disasters with oil producing countries or refineries. There will be normal ups and downs, but you know, we can't have $5 gas in an election year next year, can we? I suggest most of the waste in the USA is due to the lack of any kind of long term energy plan, or really, a long term plan for anything at all. Half of congress faces re-elections every 2 years; there's just not much time to do anything but raise money and campaign and avoid political suicide topics.

No politician would dare to slap a few bucks more in taxes on gas to pay for development of fuel efficient vehicles and incentives to buy them. But when the world economy does come around and gas prices go up on their own by that much, they won't flinch when oil companies continue to earn record profits. Well, maybe they'll invest in incentives to cut oil consumption!

With relatively cheap gas, there is simply little incentive to buy fuel efficient cars, live close to work, take public transportation, carpool, bicycle, etc.

 

I also live in chicago area and prices are in the 3.90's (some stations recently dropped) but I would also expect prices to ease back down with the economy and stock prices dropping.

I bought my prius when prices were at lowest levels (may 2010) and since the price of fuel has gone back up. The fact I don't need to concern myself about the price (though i still reserve the right to complain about the high prices) is a big bonus...

 

because we can.

 

The U.S. had good public transportation when I was a very young child. General Motors bought most of the municipal trolly systems and trashed them.

Where is gas price headed? In the long term, up. What am I paying? Nothing. I'm not buying gas these days. I drive electric. :rockon:

 

$3.79/gallon. Unless the economic picture turns around... I say stable or a slight downward trend.

 

Well I am shocked to hear this, but T Boone must know the facts.

 

Re: Where is gas price headed? What are you paying?I

Consumerism. And the capitalist mandate that, by law, compels publicly owned companies to put shareholder financial gain above all other considerations, so that, voila! making it DISPOSABLE is the apex of achievement, creating infinite unquenchable market demand.
Couple that with the Madison Avenue engine of advertising that every minute in every niche warns us our lives are empty unless we have, use, own the Ronco 62 gigabit DISPOSABLE car deoderizer and it's no wonder that landfill and "transfer operations" is a can't lose recession proof investment growth opportunity. The Mafia controls waste management for sound reason. It's our national motto: WASTE! NOT WANT!