Gas prices up - Page 6 - Fuel Economy, Hypermiling, EcoModding News and Forum

ankit · 09-16-2008, 11:34 PM

42, it was scary (even though my light is supposed to come on with 4 gallons left).

DifferentPointofView · 09-16-2008, 11:42 PM

I went over 115 miles with the fuel light on... and I drove like a normal driver (acceleration wise... I still drove 50-55)

I think I did a splash n' dash though with 5 bucks (like... 1.3 gallons..) so that could be the reason...

Frank Lee · 09-16-2008, 11:52 PM

The fuel industry can't decide how bad they want to screw us here (our supply comes from Canada). Yesterday the price went up 23 cents; today it retracted 17 cents. I've never seen volatility like that before.

DifferentPointofView · 09-17-2008, 12:03 AM

well I still don't get why gas is so high. Today oil was down to $91.xx a barrel. last time it was $100 a barrel gas was $3.00 a gallon

taco · 09-17-2008, 12:13 AM

my truck dont have a low fuel light........

DifferentPointofView · 09-17-2008, 12:14 AM

none? no little gas pump that lights up yellow? aw... what a buzzkill man.

taco · 09-17-2008, 12:18 AM

nope nada.. i have put alomst 17 gallons in a 18 gallon tank, it was way below the e line. at e-line it still has almost 4 gallons. my camry and 09 tacoma does but not my 98 that i hypermile.

wagonman76 · 09-17-2008, 12:48 AM

No low fuel light in my cars either. My van has one, but it is stuck on permanently due to a problem in the cluster. Getting at it would require tearing half the dash apart, so I just disregard it. Itll burn out eventually.

Quote:

well I still don't get why gas is so high. Today oil was down to $91.xx a barrel. last time it was $100 a barrel gas was $3.00 a gallon

I still bet theyre trying to reset the pricing baseline, and claim a legit excuse to raise it to $6 a gallon or more when oil goes back up to $145.

jamesqf · 09-17-2008, 01:10 AM

Quote:

Originally Posted by DifferentPointofView

well I still don't get why gas is so high.

Well, think about supply and demand. Since the refineries around Houston aren't working right now, the crude oil they'd normally be refining must be backed up somewhere in the supply chain, no? So less demand right now, maybe a price drop. Another consequence of the refineries not working is there's less refined gasoline being produced. Less supply, same demand, price goes up in the areas supplied by the Texas refineries. Most of the western states get their gas from California, so no price effect.

Then of course there's the pricing decisions of the individual retailers. They see a possible shortage coming, so what's their best course of action? Keep selling the gas they've got at the old prices until they run out? Or raise the price, thereby reducing demand so that they still have gas when the cheaper stations run out?