Gasoline is Up about Twenty-five Cents per Gallon
Sep 1, 2017 10:58:26 #
leftj wrote:
I'm sorry you have such limited mental capacity to understand complex systems.
Yes, you just comfort yourself with those thoughts and possibly continue on in another thread. This is not the place.
Sep 1, 2017 10:59:26 #
leftj
Loc: Texas
DaveO wrote:
Yes, you just comfort yourself with those thoughts and possibly continue on in another thread. This is not the place.
And this is the place for your thoughts?
Sep 1, 2017 11:03:04 #
SteveR wrote:
In actuality I think it has something to do with oil futures.
Tell us about the past few months of futures. The oil companies will make sure their margins are improved and they warned us. Harvey is just a good excuse to really take care of themselves.
Sep 1, 2017 11:10:27 #
I got fed up with the price manipulation ten years ago and bought a plug-in car and solar collectors. I make my own electricity for the house and the car. That was my independence day. The price of gas will always be as high as possible, sunlight will never cost more than its current price.
Sep 1, 2017 11:13:40 #
Steve EV wrote:
I got fed up with the price manipulation ten years ago and bought a plug-in car and solar collectors. I make my own electricity for the house and the car. That was my independence day. The price of gas will always be as high as possible, sunlight will never cost more than its current price.
Sep 1, 2017 11:59:52 #
jerryc41 wrote:
When oil refineries stop refining because of a hurricane, you can expect gasoline prices to rise. Our local prices went from $2.25 to about $2.50 overnight.
I better gas up the car quick so I can save $2.50 now.
Sep 1, 2017 12:41:35 #
jerryc41 wrote:
When oil refineries stop refining because of a hurricane, you can expect gasoline prices to rise. Our local prices went from $2.25 to about $2.50 overnight.
Went from $2.10 to $2.50 here in a matter of two days!
Sep 1, 2017 13:09:18 #
Sep 1, 2017 15:21:00 #
DaveO wrote:
Tell us about the past few months of futures. The oil companies will make sure their margins are improved and they warned us. Harvey is just a good excuse to really take care of themselves.
I can't tell you exactly how pricing is based. 20% of the nation's refineries are currently shut down temporarily. I'm sure that the price of gas futures went up. Somehow, the price that companies have to pay for their future gas (the money they're paying out now) is passed on to us at the pump (in prices that we pay now).
Sep 1, 2017 15:30:56 #
Sep 1, 2017 15:52:22 #
jerryc41 wrote:
When oil refineries stop refining because of a hurricane, you can expect gasoline prices to rise. Our local prices went from $2.25 to about $2.50 overnight.
It seems that the suppliers can do the price increases at any amount they want. In Indianapolis, it went from $2.19 to $2.49 and it will stay there, using the "excuse" of the refineries being closed. Trouble is, the gas in their tanks is already paid for at the lower price. So they get the increased cost on that gas and the the next refills as well. Oh well, you have to refuel, so it's another short hair pull we have to tolerate.
Clint
Sep 1, 2017 16:17:23 #
If anyone is planning a remodeling project or expects to be building soon, it's likely that building materials will get more scarce and higher priced as the massive rebuilding in Texas gets underway. So it might be a good idea to get the stuff before the hoarders get it all!! :-)
Sep 1, 2017 16:27:50 #
Sep 1, 2017 16:29:08 #
leftj
Loc: Texas
Quaking Aspen wrote:
If anyone is planning a remodeling project or expects to be building soon, it's likely that building materials will get more scarce and higher priced as the massive rebuilding in Texas gets underway. So it might be a good idea to get the stuff before the hoarders get it all!! :-)
Yep - that's how shortages are created. I better get mine before someone else gets it. We create the shortages which create the price increases. We humans are so predictable.
Sep 1, 2017 16:30:44 #
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