Gas is $2.68 a gallon

[mrmitchell]

Gas seems to have ended up topping at $2.99/gal for most of the state. I wonder, when they get the refineries and rigs in the Gulf working again, if they're going to drop the price back down...somehow I doubt it...

The cheapest I saw was $2.94/gal in Clarksville (Murphy*USA, in front of Wal Mart Supercenter off the interstate), which would be $2.91/gal with a Wal Mart shoppers card. I think they sell near cost, just to attract people to the store....but hey I'm not complaining

[DanS]

I wondered why gas prices went from 3.oo to 2.79 in one day again

Because the spot and futures market went down $0.21 in one day, as the Europeans are releasing a little less than a million barrels a day of refined products for use in the USA.

[OzzyKP]

Re: Gas is $2.68 a gallon

Originally posted by mrmitchell
Gas is $2.68 a gallon

With no decrease in sight...

ahh.... those were the days...

[Jack_www]

I am paying 2.97 (USD) for regular gas.

[Provost Harrison]

Ah yes, the prices seem to be getting closer and closer to £1/litre...I smell profiteering though...I don't see how problems in the US in terms of refineries affects the UK as this has no negative affect on the price of oil (and probably a positive one if you consider that the demand for crude may be slightly slowed).

[Kuciwalker]

Isn't refined oil also a fungible commodity?

[Mrs. Tuberski]

Cheapest in the surrounding areas for me is 2.67 which is quite a jump from just yesterday were it was 2.99 everywhere. The news just reported that the service stations were raising the price for fear not to make a dime. In san antonio there has been no shortage of fuel how bout were most of you guys are at

[Jack_www]

Well the price for a barrel of oil I believe is $65 (USD). I have seen prices raise as oil prices rose. But many oil companies are reporting record profits.

[Imran Siddiqui]

Originally posted by Mrs. Tuberski
Cheapest in the surrounding areas for me is 2.67 which is quite a jump from just yesterday were it was 2.99 everywhere. The news just reported that the service stations were raising the price for fear not to make a dime. In san antonio there has been no shortage of fuel how bout were most of you guys are at

Well, we in Atlanta had a few stations that were closed for 3 or so days because they ran out of gas.

[asleepathewheel]

I drove from Indianapolis to DC and back in the past week and saw prices up to 3.25 (where I was in DC) I filled up this morning in Indy and the price dropped back down to 2.99. Maybe I should have driven my wife's car today and waited for gas til tomorrow

[lightblue]

Originally posted by Provost Harrison
Ah yes, the prices seem to be getting closer and closer to £1/litre...I smell profiteering though...I don't see how problems in the US in terms of refineries affects the UK as this has no negative affect on the price of oil (and probably a positive one if you consider that the demand for crude may be slightly slowed).

It's because the oil companies are shipping over refined products from Europe to the US. So there's less in Europe too.

[Provost Harrison]

Well screw that!

[Zulu Elephant]

I can't help but think about Suez. Why should we bail out the US?

All those comments about "the president's just doing his job...looking out for the interests of Americans" everytime he screws the rest of the world. Maybe we should be "just looking out for Europeans"?

Fortunately for American drivers, we aren't that mean spirited and arrogant.

[lightblue]

Not sure how much it's the government and not the oil companies anyway. F.ex Royal Dutch Shell has a refinery in New Orleans as well that was affected, so if they send over refined products from refineries over here there's not much we can do i guess.

[Dauphin]

Originally posted by Zulu Elephant
I can't help but think about Suez. Why should we bail out the US?

All those comments about "the president's just doing his job...looking out for the interests of Americans" everytime he screws the rest of the world. Maybe we should be "just looking out for Europeans"?

Fortunately for American drivers, we aren't that mean spirited and arrogant.

Its not in Europe's interest to see America's economy tank. Plus Rotterdam makes more money selling its refined goods to the US. So both sides of push-pull make sense.