Spock
Posts: 2,853
Aug 6, 2015 4:07pm
Jesus this is price gauging at its finest. At these prices our gas should be at about $1.50 a gallon. My guess is that they are filling their coffers before the bottom drops out.
sleeper
Posts: 27,879
Aug 6, 2015 4:11pm
No doubt we will see prices under $2/gal soon enough.
4cards
Posts: 2,551
Aug 6, 2015 4:41pm
...and I thought I got fucked going to the drive thru at fast food places but this?Spock;1744694 wrote:Jesus this is price gauging at its finest. At these prices our gas should be at about $1.50 a gallon. My guess is that they are filling their coffers before the bottom drops out.
fish82
Posts: 4,111
Aug 6, 2015 4:44pm
It'll be back down close to 2 bucks within 10 days.
Q
queencitybuckeye
Posts: 7,117
Aug 6, 2015 4:46pm
*gouging
There's no reason to expect a linear relationship between cost and price.
There's no reason to expect a linear relationship between cost and price.
S
sportchampps
Posts: 7,361
Aug 6, 2015 6:15pm
It was 1.97 in Gahanna on Tuesday 2.49 Last night
Uz2Bon36
Posts: 1,135
Aug 6, 2015 6:31pm
Think it was in Piqua I noticed prices of 87 octane for $2.19/gallon but 89 octane was $2.89/gallon. WTF is up with that?!
sleeper
Posts: 27,879
Aug 6, 2015 6:46pm
I still don't really understand why people bitch about gas prices. It's almost like people just like to bitch about something. Get a real job.
HitsRus
Posts: 9,206
Aug 6, 2015 7:10pm
It's all about available supply from the refineries...it'll be down to $2 per Gal soon.
Commander of Awesome
Posts: 23,151
Aug 6, 2015 7:15pm
GOONx19
Posts: 7,147
Aug 7, 2015 1:01am
We haven't seen it under $2.50 in two months.
W
wkfan
Posts: 1,641
Aug 7, 2015 8:28am
Went from $2.03 in the morning on my way to MY WELL PAYING AND PROFESSIONAL JOB AT 6:00AM to $2.49 on my way home LAST NIGHT AT 8:30PM.
But, it's Thursday, so the price has to go up.
But, it's Thursday, so the price has to go up.
Spock
Posts: 2,853
Aug 7, 2015 11:56am
except for the fact that 99% of the time there is a linear relationship.queencitybuckeye;1744710 wrote:*gouging
There's no reason to expect a linear relationship between cost and price.
W
wkfan
Posts: 1,641
Aug 7, 2015 12:04pm
Please elaborate regarding the 22.7% increase in the pump price yesterday...or was yesterday part of the 1%?Spock;1744916 wrote:except for the fact that 99% of the time there is a linear relationship.
Azubuike24
Posts: 15,933
Aug 7, 2015 12:09pm
I agree with sleeper. If you drive an average vehicle and drive average miles, you fill up maybe once a week. Average fill up is probably 15 gallons, so at $2.00/gallon or $2.50/gallon, you're talking a whopping $7.50/week.
These same people that bitch probably eat fast food, pay $150 bucks for cable TV and drink Starbucks every morning.
These same people that bitch probably eat fast food, pay $150 bucks for cable TV and drink Starbucks every morning.
Spock
Posts: 2,853
Aug 7, 2015 12:13pm
http://blurbrain.com/expect-oil-go-200-barrel-gas-go-7-iraq-oil-goes-offline/
just going to leave this for you. THe chart should help you visual learners. Crude oil prices make up the largest % of the gas price. Taxes, refining costs and profits are the other factors. Taxes arent moving and the market keeps profits in most places stable. Right now the summer blend has refining costs up a little but at the current price per barrel...... gas should be under $2.
just going to leave this for you. THe chart should help you visual learners. Crude oil prices make up the largest % of the gas price. Taxes, refining costs and profits are the other factors. Taxes arent moving and the market keeps profits in most places stable. Right now the summer blend has refining costs up a little but at the current price per barrel...... gas should be under $2.
Azubuike24
Posts: 15,933
Aug 7, 2015 12:15pm
A soda at the gas station should cost $.08.
sleeper
Posts: 27,879
Aug 7, 2015 12:19pm
You are welcome to start your own oil and gas company and sell gas at whatever price you deem fit. There is nothing stopping you. If you truly believe you can sell it for cheaper you would corner the market and make billions of dollars in profit as customers would shop nowhere else.Spock;1744923 wrote:http://blurbrain.com/expect-oil-go-200-barrel-gas-go-7-iraq-oil-goes-offline/
just going to leave this for you. THe chart should help you visual learners. Crude oil prices make up the largest % of the gas price. Taxes, refining costs and profits are the other factors. Taxes arent moving and the market keeps profits in most places stable. Right now the summer blend has refining costs up a little but at the current price per barrel...... gas should be under $2.
Or you could just get real and understand the market sets the price like a grown up.
Spock
Posts: 2,853
Aug 7, 2015 12:25pm
Are you stupid? THe market (or profit) of a gallon of gas has factors in it that only allow for a certain price window.sleeper;1744929 wrote:You are welcome to start your own oil and gas company and sell gas at whatever price you deem fit. There is nothing stopping you. If you truly believe you can sell it for cheaper you would corner the market and make billions of dollars in profit as customers would shop nowhere else.
Or you could just get real and understand the market sets the price like a grown up.
sleeper
Posts: 27,879
Aug 7, 2015 12:27pm
The one who doesn't understand how the market sets prices is calling me stupid. Please grow up or be redeemed.Spock;1744931 wrote:Are you stupid? THe market (or profit) of a gallon of gas has factors in it that only allow for a certain price window.
Spock
Posts: 2,853
Aug 7, 2015 12:38pm
THE MARKET ONLY SETS PART OF THE PRICE. crude oil prices, taxes and refining costs are all set and the "profit" in the market is the only thing that can be adjusted by most.sleeper;1744932 wrote:The one who doesn't understand how the market sets prices is calling me stupid. Please grow up or be redeemed.
Dont you understand? Tell me how the guy that owns a gas station can adjust the taxes on gas? You do realize that state and federal taxes on gas is sometimes as high as 20% of the total cost per gallon?
Q
queencitybuckeye
Posts: 7,117
Aug 7, 2015 12:38pm
Cite?Spock;1744916 wrote:except for the fact that 99% of the time there is a linear relationship.
Heretic
Posts: 18,820
Aug 7, 2015 12:41pm
And my last grocery bill should have been, what, 10% of what it actually was? It's weird how, over time, virtually every common good has inflated in price drastically, but the only thing that gets dipshits' panties in a wad is gas. I'd totally love to pay 25 cents for a dozen eggs, like back in the 70s (and a magical reversion back to that price scale would mean a lot more to my wallet than the same happening to gas), but I don't constantly cry over their current price.Azubuike24;1744925 wrote:A soda at the gas station should cost $.08.
Q
queencitybuckeye
Posts: 7,117
Aug 7, 2015 12:42pm
Some Econ 101 for the OP. Variable cost sets the floor for price. There is NO other relationship.
Spock
Posts: 2,853
Aug 7, 2015 12:43pm
http://www.energytrendsinsider.com/2012/03/21/what-makes-up-the-cost-of-a-gallon-of-gasoline/
Here sleeper, this is kinda like Gas for dummies. It will help you understand what drives the price of gas. I will give you a hint, on those pie charts.....guess what is the largest % of the price?
Once you answer that you will understand that the price at the pump is linear to crude oil prices. When we are paying 2.60 a gallon and crude is $44 a barrel......someone is getting rich as shit.
Here sleeper, this is kinda like Gas for dummies. It will help you understand what drives the price of gas. I will give you a hint, on those pie charts.....guess what is the largest % of the price?
Once you answer that you will understand that the price at the pump is linear to crude oil prices. When we are paying 2.60 a gallon and crude is $44 a barrel......someone is getting rich as shit.