The price of oil has very little to do with the price of gas.
Consider, for example, the post-Katrina situation. Oil prices were way below where they are today, but gas was higher.
Gasoline is a commodity and there is a futures market for it, just like cocoa. One recent event was that one of the heavyweights, Goldman-Sachs, severely cut the size of their holdings in gasoline futures in their commodities portfolio. This precipitated a market selloff as other funds followed suit. To some extent, it's still going on.
Dan Schultz
"The Village Tinker" http://www.thevillagetinker.com" target="_blank
Current 'stable'... Rudolf Meinl 5/4, Marzan (by Willson) euph, King 2341, Alphorn, and other strange stuff.
schlepporello wrote:The best I saw here today was $2.11.
Wayne (who's new Dodge 4x4 Quad-cab pickup has a Hemi)
$2.03 at that same station today.
There's a price war here in Lincoln, NE today with one chain going down to $1.99, and many others following suit. It won't last long, I'm sure. I filled up for $2.13 this morning on the way to work.
Living in Vietnam has its advantages. When I visit Singapore I use these for tips.
Considering it's only about 4 cents US money (about 5 cents in Singapore money), it saves me a lot of money!
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You only have one chance to make a first impression. Don't blow it.
The diesel price a couple of blocks from me went from $2.55 to $2.44 this week. That's the lowest it's been since I got my truck in October. It was $2.49 then and the highest was $2.59.
I got gas today from all those spicy shrimp I ate yesterday.
Hariett told me to take it on the road until my body stopped producing so much methane.
I then filled my bike for $2.03 per gallon. I didn't even want to be confined in a car with myself. Oogie!
I used to dream of owning only a sailboat and a bicycle. Never could happen. Now I'm too old and portly to ride said bicycle more than a mile or so.
Hurricane Ivan caused the first gas rationing I ever experienced.
Bring back the Fiat 600. My dad had a 1964 model; bought it new. It got 41 mpg. It was about 2/3 the size of VW bug. Water-cooled engine in the back. The "heater" was a vent that allow air to pass over the engine radiator into the car.
My son free lanced in the car business for 20 years off and on. We like big, zoomy, comfy cars. He can find me a servicable Bonneville, Park Avenue or mini-van for five grand, anytime, and it will usually go 100,000 more miles. When I finish with a car, it goes straight to the dump.
Only having to buy liability insurance and no car note I can live with 20 MPG. I also have room for all my horns, guitars, my wife and a huge P.A. system. I always spend $250 for a trailer hitch on any junker I buy. I own an 4 by 8 open trailer and can rent a 4 by 8 covered trailer from U-Haul for $10 a day. That's enough capacity to take the Creekers cross-country non-stop. One drives, one keeps the driver alert and entertained, and the third sleeps in the back.