Gas went down

IaGary

Well-known Member
Here in my home town of North Liberty Ia, gas dropped 2 cents a gallon yesterday. Down to 3.47 from 3.49.

A sign of things to come??? Maybe???

gary
 
gas up in North East WI is still up at 3.54 for the last few days. Hopefully some of those price drops will come up north to me.
 

remember gas being 1.19 +/- a few cents in '85 while at FT Lewis, WA. We went to Korea for a few weeks and came back to .69 gas.

Dave
 
Gas here in Southern Minnesota as of today 3/10/11 is $3.55 and diesel is $3.90 at the pump. How much money does the oil companies and whoever else need to make? Talk about crushing the little people and so much for a recovering economy. What ever happened to fair/reasonable prices? Sorry for the rant. This is frustrating.
Kow Farmer
 
I went to Eugene OR today to drop off a load of tractor parts and car parts to be acid dipped. I paid 4.11 for a gall of diesel. I think I should quit driving and just ride my horse everywhere.
 
Went UP today here - 15 to 20 cents. Almost all stations I passed, (several, over 70 miles of travel) all up to $3.659. later this afternoon. We drove from Charlotte to Ionia, Greenville, Six Lakes.
 
Pine County Mn, was 3.60/9 last Fri, Mon dropped a penny, Thur dropped another nickel to 3.54/9.
Opinion- I don't have a dog in the fight except that I have to pay whatever the price happens to be.
Please don't shoot the messenger, just forwarding information. No quarrel with the local station owners either. Not much profit margin on gas, makes his most profit on other stuff in the store while you are there, called convenience. Local stations have to pay when getting delivery, no credit plan with supplier. If his costs go up, he has to raise his selling price or go out of business. If he goes out of business, where do we buy our gas?
Now good, bad, or otherwise, here we have state rules that the local station cannot sell at less than his cost. Eg: the numbers are wrong, but show the point. Station pays 3.39 for a load of gas, has to charge at least that much. His next load costs 3.45, he has to pay when delivered. If his next load costs 3.24, he still has some 3.45 gas in his tanks & has to charge at least that much until that many gallons is gone.
Reason for the minimum price- many years ago high volume stations with deep pockets would cut price below cost to drive the small "Mom-Pop" stations out of competition, then bump the price way up. So state lawmakers passed a rule that prohibit selling below cost. Don't know if it actually worked as intended or not, but that's the way it is now.
Willie
P.S. cut my gas use a bit last couple months. Parting out my 20 year old, 5800# Belchfire V8 van, now driving 2500# V6.
 
Oil company CEO's get together for brunch via the net, and talk about the world news and weather.

This way when they bump prices they have a reference to validate the old saying

"ANY excuse is better than NO excuse!"
 
Recovering economy, HA, that"s funny. One of the biggest reasons for the increase of oil, is the Fed"s out of control printing of money. (QuanitiveEasing) Seen the price of food lately? Our dollar is circling the bowl. You ain"t seen anything yet.
Jack
 
The government takes more in taxes per gallon than the oil company takes in profit per gallon.
Any tax that is imposed on the oil companies is added before it gets to the pump also. Might want to look at the cost without taxes to see what hole your money is going down.

As long as they are putting some of the money in medacare to keep us old people alive and healthy you need to keep on blaming the oil companys and buying gass.
 

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