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Old 07-18-2008, 08:08 PM   #1 (permalink)
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What Gives

Crude oil goes down 16 dollars (12%) this week and gas prices here drop .02 (.05%) WTF???

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Old 07-18-2008, 08:10 PM   #2 (permalink)
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Wait a week.
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Old 07-18-2008, 09:25 PM   #3 (permalink)
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Quote:
Originally Posted by rsx2002 View Post
Crude oil goes down 16 dollars (12%) this week and gas prices here drop .02 (.05%) WTF???
Ugly little accounting term called FIFO (First In First Out). I think I have this right.
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Old 07-18-2008, 09:28 PM   #4 (permalink)
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I think it depends on where you live. Here in California, the price drop was more dramatic going from 4.59 to 4.51 to most recently 4.45. I think we're still the highest in avg regular gas at the pump though.
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Old 07-18-2008, 11:08 PM   #5 (permalink)
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It does depend on location. Everybody raises the price when crude goes up, and as crude climbs, everybody is pretty much within 10 cents here or downstate. But some towns here actually do lower prices when crude goes down. Which is good, since used to be you had to be downstate for that kind of action. Thankfully Boyne City is becoming one of them, since I can go through there on the way home from work and today I paid 20 cents less than Charlevoix, and in recent months its been a similar situation. Unless Ive done bad planning and need gas bad, I avoid patronizing Charlevoix or Petoskey since they dont do it. Awhile back crude went down and only after 2 weeks did they lower it by a measly 2 pennies. I was paying nearly 30 cents less just a little ways south before crude went back up again. And they took their 2 pennies back and everybody was the same price again. Quite some time ago a radio announcer was baffled at how the rest of Michigan was at like $2.30, and Petoskey still refused to lower it from $2.80. I think their goal is to rape the tourists but theyre hurting the locals in the process.
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Old 07-19-2008, 03:03 AM   #6 (permalink)
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Yeah I know all the gas station on my normal route are in kahoots with each other so they can keep they price up a little. I used to work in one so I know it for a fact. Except for the new Super America we just got, but I average 2-3 mpg less a tank on thier gas (too much ethanol?) so there is no winning.
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Old 08-05-2008, 01:57 PM   #7 (permalink)
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Here we go again. Crude continues to drop, but the local stations just raised their prices by 22 cents. Right now downstate is 40 cents less, if crude keeps going down I might be paying 50 cents less Sunday when I gotta go downstate.
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Old 08-05-2008, 02:00 PM   #8 (permalink)
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Price for reg in my town is (currently) $4.099. It's all about that roller coaster ride...
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Old 08-05-2008, 02:06 PM   #9 (permalink)
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worker drops 2 litres of crude on the ground at the refinery: price goes up 10%
miraculous largest oil discovery in the history of mankind: price goes down 0.001%

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