Gas Prices

[Denny Crane]

Gas prices are now $4.227 a gallon. Highest since Oct. 26 (shortly before election).

The price is up $.50/gallon over the past 19 days. The price has gone up for 19 days straight.

Nationwide, the price has gone up for 32 straight days and the average price is $3.73.

The numbers is for regular unleaded gas.

Coupled with the tax hike on the middle class (FICA holiday expired), it's got to hurt.

EDIT: the $4.227 a gallon is in San Diego. What are they near you?

 

[magnifier661]

Gas prices are now $4.227 a gallon. Highest since Oct. 26 (shortly before election).

The price is up $.50/gallon over the past 19 days. The price has gone up for 19 days straight.

Nationwide, the price has gone up for 32 straight days and the average price is $3.73.

The numbers is for regular unleaded gas.

Coupled with the tax hike on the middle class (FICA holiday expired), it's got to hurt.

Should be around $5 per gallon by the summer. And to think that even $5 per gallon is 50% Less than what people pay in Europe.

 

[HailBlazers]

Back Up WTF?

 

[Wheels]

about 3.60 right now here

 

[TripTango]

Interesting. What's going on here?

http://gasbuddy.com/gb_gastemperaturemap.aspx

 

[Mediocre Man]

I am still in the $3.40's

 

[TripTango]

2-year and 8-year time series:

 

[MARIS61]

I blame PapaG.

 

[julius]

every year we hear that "gas will be 5 bucks a gallon" by summer..

and yet, it never is.

 

[magnifier661]

every year we hear that "gas will be 5 bucks a gallon" by summer..

and yet, it never is.

Maybe it won't; but even if it is; it's still 50% cheaper than buying it in Europe.

 

[mook]

Interesting. What's going on here?

http://gasbuddy.com/gb_gastemperaturemap.aspx

My guess is that the massive oil shale boom has driven up supply in the mountain states. That boom is going crazy in Wyoming, ferinstance. Without infrastructure to ship it cheaply (remember, this whole boom is pretty new) the few people living in these low-population states get a bargain.

 

[mook]

Just posted the question on Reddit and somebody replied:

Science for the answer! Ok since gravity is about 10 to 15 times stronger in mountainous regions, engines don't have to use as much force to turn. As a result, gas can be thinner and made cheaper by watering it down. In Nepal (where Everest is located) for example, gas is roughly 7 cents per gallon and around 85% water.

Interesting. Gravity is 10 times stronger? Uh, ok.

 

[jlprk]

My guess is that the massive oil shale boom has driven up supply in the mountain states. That boom is going crazy in Wyoming, ferinstance. Without infrastructure to ship it cheaply (remember, this whole boom is pretty new) the few people living in these low-population states get a bargain.

Simple supply and demand have nothing to do with it. Oil investors, futures, derivatives...it's the whole kit and kaboodle of very advanced economics.

 

[MARIS61]

Maybe it won't; but even if it is; it's still 50% cheaper than buying it in Europe.

It's roughly twice the price of gas in Europe before you add taxes to either.

 

[Denny Crane]

Interesting. What's going on here?

http://gasbuddy.com/gb_gastemperaturemap.aspx

Where are the refineries, and how much do the states tax?

 

[magnifier661]

It's roughly twice the price of gas in Europe before you add taxes to either.

Isn't that what I said?

I was in England about 3 years ago. Their gas was 2 pounds per liter. That's almost 12 US dollars per gallon

 

[TripTango]

Just posted the question on Reddit and somebody replied:



Interesting. Gravity is 10 times stronger? Uh, ok.

Scientific proof that Reddit can be a horrible source for scientific proof.

 

[TripTango]

Where are the refineries, and how much do the states tax?

Dammit Denny -- I'm a physicist, not an economist. I was hoping YOU would tell ME!

 

[drexlersdad]

its 370 here right now

anyone remember why it dropped to below $2 right before the election in 08?

 

[SlyPokerDog]

Scientific proof that Reddit can be a horrible source for scientific proof.

That's why I only use 4chan for all of my scientific proof needs.

 

[Denny Crane]

Dammit Denny -- I'm a physicist, not an economist. I was hoping YOU would tell ME!

Socratic method, my friend.

 

[jlprk]

its 370 here right now

anyone remember why it dropped to below $2 right before the election in 08?

You dirty little cherry-picker. According to the graph above, just before elections, the price was low in 2006 and 2008, neutral in 2010, and high in 2012.

 

[drexlersdad]

You dirty little cherry-picker. According to the graph above, just before elections, the price was low in 2006 and 2008, neutral in 2010, and high in 2012.

no, i remember it dropping, but not why

 

[Denny Crane]

no, i remember it dropping, but not why

Because the whole economy tanked after Democrats took the House and Senate.

 

[jlprk]

No one can explain it or find the secret investors. There may be a correlation to when the CIA needs money, now that Congress investigated Iran-Contra, so they can't sell arms to Iran to finance the war in Nicaragua.

 

[drexlersdad]

Because the whole economy tanked after Democrats took the House and Senate.

i seem to remember it being before the election, meh

 

[Denny Crane]

i seem to remember it being before the election, meh

It was before the election. The Democrats were in control of congress for 2007 and 2008.

Coincidentally, we had a Financial Crisis in 2007 and 2008.

http://en.wikipedia.org/wiki/Financial_crisis_of_2007–2008

Anyhow:

http://money.cnn.com/2008/11/26/news/economy/gas_prices_sink/index.htm

Gas prices, meanhile, have continued to sink sharply, plunging 55% from the record-high in mid-July. Oil traders fear the global economic slowdown will continue to quash demand for fuel.

 

[drexlersdad]

Gas prices, meanhile, have continued to sink sharply, plunging 55% from the record-high in mid-July. Oil traders fear the global economic slowdown will continue to quash demand for fuel.

so i guess the economy must have really picked up since then

 

[PapaG]

Isn't that what I said?

I was in England about 3 years ago. Their gas was 2 pounds per liter. That's almost 12 US dollars per gallon

I can throw a baseball over England.

The US is a country with a lot of open space that requires transportation that can't feasibly or sensibly be filled by public transportation. Trucking is a huge part of our economy to deliver A to B to C, and high gas prices here mean bad news if we ever just stop printing money.

Then again, why stop printing make believer money? Wall Street is booming, Obama is golfing with Tiger Woods, Hollywood is prospering, and low information voters who see a free cell phone as a status symbol don't care.

 

[MickZagger]

I can throw a baseball over England.

The US is a country with a lot of open space that requires transportation that can't feasibly or sensibly be filled by public transportation. Trucking is a huge part of our economy to deliver A to B to C, and high gas prices here mean bad news if we ever just stop printing money.

Then again, why stop printing make believer money? Wall Street is booming, Obama is golfing with Tiger Woods, Hollywood is prospering, and low information voters who see a free cell phone as a status symbol don't care.

It's make believe. Make believe money.