May 26th, 2011, 10:57 AM | #241 |
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I go off of the wholesale price of unleaded. Thats the price the gas station owner pays to get the fuel delivered to his station. (I deliver fuel by semi on occasion) As a general rule, the wholesale price + $.67 is the price the station owners will charge of they are making a few pennys a gallon.
$.60 of the $.65 is taxes (state local fed) All local fuel terminals set there own price for fuel delivered to the station. This price fluctuates from the wholesale price but Ive never seen it more than $.05 higher or lower. Nearly every gas station gets fuel delivered daily. (even the small ones) All of the stations I deliver to charge the current wholesale price + $.62 as the rock bottom price. If you watch the wholesale price, you can predict with fairly good accuracy a price rise in your cost at the pump. Heres the formula for downstate Illinois. wholesale + $.62 = the lowest price at the pump. If this price is higher than the price at the pump get ready for a jump in price at the pump within 24 hours. This jump will be set by the station owner and be at LEAST double the difference to cover the possible price jump in wholesale the next day. When the wholesale price stabilizes the price at the pump will slowly trickle down close to the $.65 above wholesale. This allows the station owner to say "I only make a few pennys a gallon". This isnt a lie, Its not the whole truth either. They should say "I only make a few pennys a gallon profit on 50-100 days a year. The rest of the time, I make between a nickle and a quarter" BTW wholesale is at $3.04 as I type this.
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May 26th, 2011, 11:48 AM | #242 |
KThanksBye
Name: Kevin
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May 26th, 2011, 12:31 PM | #243 |
ninjette.org certified postwhore
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Gas is Free!!!!
Find a big SUV (least a 20 gallon tank) Drill Hole in underside of Gas tank. Fill up your Bucket, sitting under gas tank. Enjoy $5.00 / gallon Prices! |
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May 26th, 2011, 12:37 PM | #244 |
ninjette.org certified postwhore
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I Wish ALL of the Planets Fossil Fuels were used up, TODAY!!!!
No more Gas Prices, no more worrying about Price of Gas. Just hope on your Bicycle and pedal to and from work! Americans lose weight, Engineers & the goverments suddenly have to scramble to find a "Clean Energy" source!!! No more Wars in the middle east, killing for the Oil. cuz that shiiiz GONE!!! Win Win for the World! |
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May 26th, 2011, 01:42 PM | #245 |
ninjette.org guru
Name: David
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No more running the 250 though ...
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May 26th, 2011, 04:45 PM | #246 | |
ninjette.org Monkey Spank
Name: Kevin
Location: Illinois
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Quote:
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May 26th, 2011, 07:11 PM | #247 | |
ninjette.org sage
Name: Chris
Location: Arkansas
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Quote:
No matter what the substitute is, it will still be bound by the laws of supply and demand, and you will be worrying about the price of that resource. As for riding to and from work via leg power, food is fuel, and I'm sure Americans would start being criticized for eating too much to fuel their excessive exercising. O and we would probably live longer too, so then we would have to hear the complaining even longer. Why no more wars in the Middle East? Just because of oil? If it isn't oil, it's going to be clean water, if it isn't clean water it's going to be food and so on and so on. You are mistaken if you think the "Democracy Movements" in the Middle East/North Africa are over politics. Those movements probably would never have occurred had it not been for skyrocketing food prices worldwide. I apologize if you are just being snarky, but I see this ignorance all the time and it really grates on me. __________ Back on topic: gas near home is down to 3.61 |
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June 1st, 2011, 08:49 AM | #248 |
ninjette.org Monkey Spank
Name: Kevin
Location: Illinois
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Wholesale is $3.15
Pump price is $3.86 Until theres a change in the wholesale The price may drop a few more pennys but were stuck at $3.85ish.
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June 1st, 2011, 09:32 AM | #249 |
ninjette.org sage
Name: Luke
Location: Sevierville, TN
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Here today its $3.47.
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June 1st, 2011, 06:41 PM | #250 |
Matress
Name: Sebastian
Location: Phoenix
Join Date: May 2011 Motorcycle(s): Blue 04 Ninja 250 Posts: 52
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Was $4.01 last night here in Scottsdale
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June 1st, 2011, 06:47 PM | #251 |
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It is around $3.57 - $3.61 here in town.
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June 2nd, 2011, 09:21 AM | #252 |
ninjette.org Monkey Spank
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Location: Illinois
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Wholesale back down to near $3.00. Off the cliff the price went with the market yesterday.
Falling prices are in the future. $3.84 on the way down to $3.69 if wholesale will hold. Original post was 11:30ish Its now 11:30 pm Just got home from the store Local price jumped to $4.19 I have no idea why??????????? wholesale is at $2.97 Refinery blow up or something??
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June 5th, 2011, 03:07 PM | #253 |
ninjette.org sage
Name: Chris
Location: Arkansas
Join Date: May 2011 Motorcycle(s): EX250J Posts: 511
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Good News Everyone, http://www.bloomberg.com/news/2011-0...-gulf-war.html Any tension that puts stress on the cartel is good for the markets. Few things would make me happier than seeing OPEC break up. |
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June 5th, 2011, 05:27 PM | #254 |
ninjette.org Monkey Spank
Name: Kevin
Location: Illinois
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ok, midwest refinery and oil pipeline shutdown. They must be back online as the price has fell back to $3.89 in just a couple days.
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June 6th, 2011, 05:16 PM | #255 |
sleeper
Name: chris
Location: Hawaii
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in the last 12 days it went from $4.86 to $4.10
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June 8th, 2011, 08:09 AM | #257 |
ninjette.org sage
Name: Chris
Location: Arkansas
Join Date: May 2011 Motorcycle(s): EX250J Posts: 511
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Oil is going up today partially because of OPEC's inability to come to an agreement. In the past, this has led to certain members of the cartel to begin undercutting one another in order to capture more of the market. Let's see if it holds true this time.
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June 8th, 2011, 10:38 AM | #258 |
ninjette.org Monkey Spank
Name: Kevin
Location: Illinois
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Crude spiked, wholesale fuel is holding at $2.99
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June 22nd, 2011, 08:24 AM | #259 |
ninjette.org Monkey Spank
Name: Kevin
Location: Illinois
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$3.58 today
Wholesale is at $2.94 Any spike in wholesale will be reflected at the pump. Keep your fingers crossed
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June 22nd, 2011, 08:44 AM | #260 |
ninjette.org member
Name: Jason
Location: Hamilton
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in Hamilton, Ontario, Canada it is currently 1.29 per liter.
Assuming a 1:1 exchange rate into USD we're looking at $4.87 / GAL for 87 furthermore, the increase per grade of gas is higher than yours. I believe 94 octane was 20 cents more per liter or approx 77c more per gal. I fill my car's tank stateside every time I drive down. |
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June 23rd, 2011, 09:23 AM | #261 |
ninjette.org Monkey Spank
Name: Kevin
Location: Illinois
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http://finance.yahoo.com/news/Obama-....html?x=0&.v=1
The Oil and gas wholesale fell off the cliff after this hit the world market. Makes you wonder what would happen if we drilled for a little oil. I know the flat earth envirostatists wont allow that to happen. Make you go HMMMMMM.
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June 23rd, 2011, 09:42 AM | #262 |
ninjette.org dude
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It always provides a big bump for a day or two, and then people remember that it hasn't materially changed supply or demand and things go back to right where they were a week prior.
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June 24th, 2011, 06:30 AM | #263 | |
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Quote:
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June 24th, 2011, 10:17 AM | #264 |
ninjette.org Monkey Spank
Name: Kevin
Location: Illinois
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Thats not a jab, its just a statement that makes you HMMMMMM. I would say it if a Republican were in the Whitehouse.
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June 24th, 2011, 11:31 AM | #265 |
ninjette.org guru
Name: Anon
Location: Atlanta, GA
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"flat earth envirostatists?"
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June 24th, 2011, 01:29 PM | #266 | |
ninjette.org Monkey Spank
Name: Kevin
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Quote:
I see sub $3.50 gas at the pump in the future if all things hold steady.
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June 24th, 2011, 01:31 PM | #267 |
ninjette.org Monkey Spank
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Location: Illinois
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Sorry, that is kinda political aint it.
How about just enviromentalist. My bad.
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June 24th, 2011, 06:15 PM | #268 |
ninjette.org dude
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The only people that make any money (or save any money) when the announcements are made to tap the SPI for a short period are oil traders. It's a sham, and truly is only political.
That said, I am starting to wonder the point of this thread. There are sites like www.gasbuddy.com and others where people can research the lowest priced gas near them on an hourly basis, so tracking it day by day here in a generic format seems a little pointless. But before even that, the drilling comment to address short term pricing has as much validity as tapping the SPI (i.e. none). Exploration, testing, drilling, and production takes 5 - 10 yrs minimum for any reasonable field. Decisions made years ago are affecting supply right now. Decisions made now will take 5 - 10 years to have any noticeable effect. There's a separate discussion to be had about which decisions should be made now, but there needs to be some understanding that there is nothing anyone can do to affect oil pricing in the short term related to drilling choices here in the US. Nothing.
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June 24th, 2011, 10:38 PM | #269 | |||
ninjette.org Monkey Spank
Name: Kevin
Location: Illinois
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Quote:
Quote:
Quote:
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June 27th, 2011, 05:56 AM | #270 |
ninjette.org sage
Name: Chris
Location: Arkansas
Join Date: May 2011 Motorcycle(s): EX250J Posts: 511
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5.89 in Grand Cayman
Still 3.59 here at home. |
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June 27th, 2011, 09:15 AM | #271 |
ninjette.org Monkey Spank
Name: Kevin
Location: Illinois
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June 28th, 2011, 06:33 PM | #272 |
ninjette.org certified postwhore
Name: Scott
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$3.20's here.
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June 30th, 2011, 11:42 PM | #273 |
ninjette.org Monkey Spank
Name: Kevin
Location: Illinois
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Top off your tanks boys and girls. Were headed back up.
Wholesale is up $.13 in 2 days. Filled up tonight for $3.42 it will be $3.62 in the very near future. (2 days max)
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June 30th, 2011, 11:55 PM | #274 |
Join Date: Nov 2008 Posts: Too much.
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July 1st, 2011, 03:41 AM | #275 |
Old Guy, New Bike
Name: Mike
Location: Nagasaki, Japan
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Life in Japan
LOL - I'm paying the equivalent of $6.61 a gallon here. Since the quake, the prices have gone up around a dollar a gallon.
But hey, if you don't want to pay, there is always public transportation. (Here anyway) |
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July 4th, 2011, 06:37 AM | #276 |
ninjette.org Monkey Spank
Name: Kevin
Location: Illinois
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Hopped to $3.59 here yesterday.
Wholesale is back near the $3.00 mark so $3.59 is here to stay. Happy 4th to all.
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July 4th, 2011, 07:15 AM | #277 |
ninjette.org certified postwhore
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It's been in the mid-high $3:20's here for about a week.
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July 7th, 2011, 02:43 PM | #278 |
ninjette.org Monkey Spank
Name: Kevin
Location: Illinois
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Wholesale is currently up $.13 TODAY. I dont know what the deal is, but if this increase holds were on our way up again.
Its $3.56 here now. Bet on $3.70 by the end of the weekend. If the wholesale holds thru tomorrow.
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July 7th, 2011, 02:49 PM | #279 |
ninjette.org sage
Name: Chris
Location: Arkansas
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July 7th, 2011, 02:56 PM | #280 |
Jigglin' your Jiglets
Name: Sean
Location: San Jose, Ca
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MOTM - Apr '13
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I took this picture because the prices were so low at this gas station that I couldn't even believe it.
Too bad I only buy gas from Chevron gas.jpgNew Bitmap Image (3).jpg Iphone camera kicks ass too...
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