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01-03-2017, 11:24 AM
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#676
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gelding
Join Date: Oct 2008
Posts: 8,883
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40 cent jump here in CNY over the last month, now in the $2.50 range with a tick or two being added most every day. Fully expect $3.00 by Valentine's Day, some areas in this region may already be there in just a couple weeks.
All becuz of.. why? Some supposed modest cuts to output this year? For a world and market swimming in it?
Phooey. 
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01-03-2017, 12:13 PM
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#677
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Registered User
Join Date: Mar 2015
Location: Diez meses en Port St. Lucie, FL; two months in the Dominican Republic
Posts: 4,355
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188 Dominican Pesos for regular ($4.03 US $-), 205 for premium ($4.43- 46.5 pesos to 1 dollar)
The Dominican government sets the price every Friday evening which involves a 14 step formula, mostly based on the average spot price of gasoline during the week with taxes and profit margins for the retailers factored in.There are subsidies for retailers who establish stations in remote areas.I'd prefer the free market set the price, but it has the advantage of price stability for a week and there seems to be few service stations going out of business or changing hands.And the subsidies are less than 1 % of the budget
Expensive gas? Sure. On the other hand, it's currently 83 degrees and low humidity.You can't have everything. 
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01-03-2017, 01:51 PM
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#678
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Registered User
Join Date: Oct 2007
Location: NJ
Posts: 5,851
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Quote:
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Originally Posted by FantasticDan
40 cent jump here in CNY over the last month, now in the $2.50 range with a tick or two being added most every day. Fully expect $3.00 by Valentine's Day, some areas in this region may already be there in just a couple weeks.
All becuz of.. why? Some supposed modest cuts to output this year? For a world and market swimming in it?
Phooey. |
The system is rigged, the price for unleaded is up over 50 cents in the past 30 days but inventories remained good. The US oil companies want to see $60 a barrel so do the Saudis. The Russians want $70 so does Iran. The way I see it is the Saudis will get their wish, this will also result in more US production causing an oil glut in late spring early summer. With prices rising again in late fall early winter. Several top analysts see $60 a barrel by end of January 2017.
__________________
Remember the NJ horseman got you here now do the right thing with the purses!
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01-03-2017, 02:46 PM
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#679
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,884
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2.09 in North Houston. Steady climb over the last month.
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01-03-2017, 03:20 PM
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#680
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 113,059
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Last time I saw 2.09 was in 2009.
__________________
Who does the Racing Form Detective like in this one?
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02-24-2017, 10:47 PM
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#681
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Registered User
Join Date: Feb 2013
Location: Central New Jersey
Posts: 1,468
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Down to about 2.09 to 2.13 in many places now. But I'm sure it's getting ready to go up again as blends are prepared for summer driving.
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02-24-2017, 11:08 PM
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#682
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,884
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1.96 in Houston
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02-24-2017, 11:13 PM
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#683
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Registered User
Join Date: Apr 2008
Posts: 6,843
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$2.18 avg... Ocala, Fl
__________________
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"Cursed be the man who puts his trust in man" - Jer 17:5 (KJV)
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08-31-2017, 12:53 PM
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#684
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Registered User
Join Date: Mar 2015
Location: Diez meses en Port St. Lucie, FL; two months in the Dominican Republic
Posts: 4,355
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Since about one third of the nation's refining capacity is in the Harvey affected area, it might be interesting to see how this will affect prices in the short term.I paid 2.19 yesterday in Springfield MA at a station selling New World gas (a small independent chain in New England) the more suburban locations are around 2.35.
__________________
"But don't ask me what I think of you, I might not give the answer that you want me to. "
Fleetwood Mac, Oh Well, Part 1 (1969)
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08-31-2017, 01:07 PM
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#685
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Registered User
Join Date: Aug 2004
Location: Behind the Pine Curtain
Posts: 10,660
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I gassed up both the in laws cars last night at 2am. ...2.24 per gallon. Not bad considering the circumstances.
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08-31-2017, 01:09 PM
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#686
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,884
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2.09
But I've seen as high as 2.19 today
__________________
WE ARE THE DUMBEST COUNTRY ON THE PLANET!
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08-31-2017, 01:12 PM
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#687
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Registered User
Join Date: Jan 2015
Location: Beaverdam Virginia
Posts: 12,826
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$2.19 at the local country store that has two gas pumps. Prices here in outlying areas are actually as cheap or cheaper than the populated cities. I think it was $2.05 at the same place about a week ago.
Last edited by Inner Dirt; 08-31-2017 at 01:13 PM.
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08-31-2017, 01:15 PM
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#688
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Veteran
Join Date: Feb 2013
Location: Washoe County, Nevada
Posts: 2,253
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Quote:
Originally Posted by barahona44
Since about one third of the nation's refining capacity is in the Harvey affected area, it might be interesting to see how this will affect prices in the short term.I paid 2.19 yesterday in Springfield MA at a station selling New World gas (a small independent chain in New England) the more suburban locations are around 2.35.
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RBOB (the price of gas at the pump) was up over 12% this morning. The east coast may see more of an impact than the west coast. The Colonial pipeline is one of three that supplies refined product to the east coast. It shut down yesterday and the other two are working at reduced capacity. There is refining capacity on the east coast so it's not as if this could be a total cutoff but there's a reason the pipelines were built. I'd expect some unusually large jumps in pricing before a slow rollback as refineries eventually reopen. Right now, about 20% of refining capacity is offline.
It looks like some refineries may be down for weeks rather than days so the impact, although temporary, will last longer than first thought.
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08-31-2017, 01:15 PM
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#689
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Registered User
Join Date: Jan 2015
Location: Beaverdam Virginia
Posts: 12,826
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P.S. if your location is not next to your screen name, maybe you should list where you got gas.
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08-31-2017, 01:24 PM
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#690
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by _______
Right now, about 20% of refining capacity is offline.
It looks like some refineries may be down for weeks rather than days so the impact, although temporary, will last longer than first thought.
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The largest refinery in the country, in Port Arthur, TX, is expected to be down for up to 2 weeks. Others in the area appear to be in the same situation.
https://www.cnbc.com/2017/08/31/larg...ks-report.html
__________________
A man's got to know his limitations. -- Dirty Harry
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