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Discussion in 'The OT' started by Doug Brott, Dec 4, 2008.
In less then 24 hours since I posted link now shows Chevron station increased it's price to $5.49.
$3.65 is what most stations are charging around town (or at least as of yesterday). I did notice a CITGO of all places charging $3.99 on Friday.
$3.69 here, Drill here, refine here, and sell here, prices will come down!!!!
Agree! Drill now!
$3.07 last night. As to why gas is so much cheaper in the Rocky Mountain region I read an article that it has to do with the pipeline system which gives us direct access to some of the cheapest crude in the country plus most of the gas is refined right here so transportation is minimal. On the east coast they have shut down refineries so refined gasoline is imported from Europe while in California regulations are so strict it costs a fortune to produce the gas
I don't know that "so strict" is entirely accurate, but certainly it's a different blend than the rest of the country. Also, the supply chain is typically different than the rest of the country. As a result, we have an entirely different market structure affecting the overall price.
For example, when the Gulf wells were shut down for an extended period due to hurricanes (Katrina?), California gas was actually cheaper than much of the country because we were not affected by that shortage. Sadly, though, we are usually more "short" than the rest of the country and as a result have higher prices.
Maybe, maybe not! Petro prices reflect too many other large variables. But, yeah, we should be drilling and producing more.
We are currently producing more oil in this country than any time in the last 10 years. Unfortunately, they are selling it to China rather than keeping it here. Its a fact the American Oil companies care more about profits than keeping the oil in America, as that would keep the price low and cut into their profits.
Small price to pay for a free economic system! And no company, oil or otherwise, of any home base, would do differently.
I just love driving down the Five, or many places in Kern County, seeing all those long pumping producing wells, confident that I am paying (with exceptions noted above) the highest prices in the country........:nono2:
I agree, but if they are allowed to drill on US owned land (which they are trying to get the rights to do), then it should be added into the contract that any oil extracted from government land remain in the US.
Currently, there is nothing in their contract with the government, that I am aware of, dictating this.
GasBuddy is currently showing the national average as $3.638 with prices in my area slightly higher at $3.646 and higher statewide at $3.681. The prices are marked as "falling" and I expect that they will unless there is some "reason" to bump up the price.
Prices here typically jump up 20-30 cents when there is some "reason" such as crude going over $100 per barrel or some event in the supply chain. Then a day or two later they settle back down as stations start to compete for sales. "Summer Blend" is coming, which is a "reason" to raise prices. Hopefully there won't be many more reasons and we won't go much over $4.
As far as the stations already over $4 or $5, one can go back years and find spikes like that. I don't know why they do it.
I am inherently against such regulations, but I think I understand your sentiment, and agree.
But, oil being generally fungible and all, is hard to "contain". So, oil from Texas, say, might get pipelined to NJ or Illinois. It might get shipped to France. Oil from Mexico may get refined in Texas, or California. Oil from Alaska might get shipped to Washington, or shipped to CA, or to Japan or China. So, even if all the production from Gov't lands stays in the US, it would allow more to go overseas.... or allow us less imports.
GasBuddy shows California at $4.275 right now and rising. There are many stations around the state above $5.00 now with the LA area Chevron station at $5.499, though most are in isolated locations where your choices are "us" or "run-out-of-gas."
Prices are now the highest I've seen at the corner of US 101 and SR 20 in Willits:
2/14/2012 -Safeway $4.099, Chevron $4.169, ARCO $4.069 cash only price
2/14/2012 -Safeway $3.679, Chevron $3.859, ARCO $3.639 cash only price
12/03 - Safeway $3.559, Chevron $3.639, ARCO $3.529
10/07 - Safeway $3.759, Chevron $3.789, ARCO $3.729
8/04 - Safeway $3.589, Chevron $3.749, ARCO $3.569
5/31 - Safeway $3.959, Chevron $3.999, ARCO $3.929
5/21 - Safeway $3.999, Chevron $4.059, ARCO $3.949
5/05 - Safeway $4.079, Chevron $4.179, ARCO $4.019
4/19 - Safeway $3.779, Chevron $4.159, ARCO $3.759
4/08 - Safeway $3.739, Chevron $4.059, ARCO $3.739
3/21 - Safeway $3.769, Chevron $3.859, ARCO $3.739
3/04 - Safeway $3.699, Chevron $3.779, ARCO $2.599 at 11:45 am and $2.639 at 3:45 pm
2/22/2011 - Safeway $3.519, Chevron $3.519, the new ARCO AM/PM had tankers on site.
12/15 - Safeway $3.199, Chevron $3.259, the new ARCO AM/PM will open soon, I guess.
10/14 - Safeway $3.059, Chevron $3.099, Unocal soon to reopen as an ARCO AM/PM
6/26 - Safeway $3.089, Chevron $3.129, Unocal closed temporarily
06/01 - Safeway $2.979, Chevron $3.019, Unocal closed temporarily
05/18 - Safeway $3.079, Chevron $3.119, Unocal closed temporarily
04/18 - Safeway $3.039, Chevron $3.079, Unocal $3.079
04/01 - Safeway $2.989, Chevron $3.029, Unocal $3.029
03/14 - Safeway $3.029, Chevron $3.059, Unocal $3.059
02/13 - Safeway $2.919, Chevron $2.959, Unocal $2.959
02/02 - Safeway $2.899, Chevron $2.939, Unocal $2.939
01/06/2010 - Safeway $2.949, Chevron $2.939, Unocal $2.939
11/24 - Safeway $2.869, Chevron $2.939, Unocal $2.939
10/03 - Safeway $2.969, Chevron $3.059, Unocal $3.059
9/06 - Safeway $3.059, Chevron $3.089, Unocal $3.089
7/24 - Safeway $2.869, Chevron $2.899, Unocal $2.899
7/10 - Safeway $2.999, Chevron $3.019, Unocal $3.019
7/03 - Safeway $2.999, Chevron $3.039, Unocal $3.059
6/30 - Safeway $3.019, Chevron $3.059, Unocal $3.059
6/16 - Safeway $3.059, Chevron $3.119, Unocal $3.119
5/30/2009 - Safeway $2.759, Chevron $2.799, Unocal $2.799
Safeway gives 3¢ off with its club card which costs nothing. You get can 10¢ off if you've purchased at least $50 in groceries recently and that is cumulative, so I have gotten $1.00 per gallon off.
$3.67 In Manchester NH This AM
Diesel At $4.07
Right down the street from work, Shell station has regular for 4.51. HIghest price in the area.
3.61 in Houston when I filled up yesterday. I am so glad I work from home and only have to fill up every couple of weeks.
I saw $3839 at several stations in Charlotte today
I was in the Houston area Feb. 15-22. Gas went from $3.43 to $3.69 in the 8 days I was there. Needless to say, I wasn't happy to come back home, where it's always higher than it is in Texas.
I'd make a joke about where to put the decimal point but you'd probably just tell me where to stick it.
Prices are still bouncing ... $3.60's to $3.919 ... nope too early, settle back down into the 3.80's with a few stations today back in the $3.70's.
Somehow seeing $3.70's isn't bad when it was $3.919 a couple of days ago - it makes one forget that it was $3.60's last week. And perhaps that is the trick that is being played. Make people feel better about prices that are actually higher than last week by going higher than needed then floating down.
I feel sorry for people who need to buy gas every day ... or are on a cycle where they hit the high days. I usually buy gas once a week, twice if I go out on the weekend, which means I usually fill up on weekends.