It's that time again...What are YOU paying for gas?

[DrSues02]

$3.49
Akron, OH

[Shadowrun]

why is Illinois so expensive, 4.09 on Cicero.

[krazyace5]

owosso, mi $3.65

[Patrick del Poker Grande]

[ QUOTE ]
why is Illinois so expensive, 4.09 on Cicero.

[/ QUOTE ]
Why is anything so expensive? Taxes.

[EYEWHITES]

i payed 310 in victoria texas

[jws43yale]

I was just scanning this thread again, after noticing BT shamelessly trying to plug it in the Anacardo emo-thread.

BT earlier made a comment about how gasoline price jump immediately when oil prices go up and then take time to fall when price falls. There is a good reason for this. Oil price quotes are sometimes "futures" and sometimes spor prices. A future means this is not the current price of oil, but the price people are paying for delivery in two weeks. Spot prices and futures price tend to be relatively similar and move together.

When a company buys oil to turn into gasoline, it purchases it on a futures basis, so regardless of price drop, they will still have to pay the original price. Thus, they charge you based off the price they paid and not the current price. But when oil price increases, the company is worried that if they continue to sell at a lower price, the the non-equilibrium of supply and demand will further drive prices higher and making the price they pay even greater. This practice actually helps maintain a more steady equilibrium of prices and prevents the price from jumping around quite as much.

Basically if the price falls, it is a pleasant surprise to suppliers and they will profit slightly more, but they must charge more as prices increases in order to bring in adequate revenue to allow them to purchase future supplies and not run into shortages.

Now I know that you BT are going to claim this is a huge cheat to the consumer, but any company buying or selling any commodity, whether it be corn, gold, sugar, or oil goes about this practice. You just don't tend to notice that the unit price on corn has jumped due to a change in prices.

[Misfitsbeevers]

2.03$ per liter

[By-Tor]

IT's AMAZING!!! Prices have dipped!!

This must be because the refinery problems have been worked out!! IT'S A CHRISTMAS MIRICLE!!!!!








oh wait...either that or they sense that consumers are finally get fed-up and/or that whole price gouging law that was recently passed.

Face it, they will take the price as high as they are allowed to my the US Consumer & Congress. All other factors are secondary.

[pig4bill]

Where do you find a chart like that? Interesting that San Jose is the comparator. It figures, I buy my gas in San Jose.

[Quadstriker]

3.01
Phoenix AZ