Gas prices

NascarFool · Post by **NascarFool** » Tue Nov 06, 2001 12:40 am

I gassed up the company van today @ $1.019 per gallon. Another station has gas at $0.969 a gallon. Prices are dropping !

DirkBelig · Post by **DirkBelig** » Tue Nov 06, 2001 12:48 am

Amazing what free market economics can do!

I just filled up for $1.09/gal.

Splitfire · Post by **Splitfire** » Tue Nov 06, 2001 1:33 am

Amazing what free market economics can do!

HA! There will NEVER be "free market economics" in the oil industry as long as OPEC is in existence.

vwkess · Post by **vwkess** » Tue Nov 06, 2001 7:16 am

1.01 to 1.05 for regular up by me. I visited my ex-gf last weekend in northern VA, regular was .94!

Gand1 · Post by **Gand1** » Tue Nov 06, 2001 5:51 pm

Damn! I was happy paying $1.09. I can't wait to see it dip below a buck!

news · Post by **news** » Tue Nov 06, 2001 6:55 pm

I'm glad gas prices are going down. I have a couple big driving trips coming up this month. One unplanned one for tomorrow in fact ... have to head back to PA to give pimpin punk a wedgie

I might even drag him back home too

PreDatoR · Post by **PreDatoR** » Tue Nov 06, 2001 8:24 pm

Oh you guys suck! Gas out here in Wa St. is still running 1.49 down to 1.36 at the lowest.... This friggin' sucks!

renovation · Post by **renovation** » Tue Nov 06, 2001 9:08 pm

dirk were did you find it for $!.09 ?
best price i have seen by my house was $1,18 and that was a mobil station

Hipnotic_Tranz · Post by **Hipnotic_Tranz** » Tue Nov 06, 2001 11:19 pm

Originally posted by PreDatoR
Oh you guys suck! Gas out here in Wa St. is still running 1.49 down to 1.36 at the lowest.... This friggin' sucks!

Thats what I'm talkin' about. The prices were about where you guys are talkin' but then it went back up to roughly $1.20 for regular (my cars old and likes the higher grade schtuff

Kakarot · Post by **Kakarot** » Wed Nov 07, 2001 9:42 am

The lowest around me has been 1.13 so far. Whats the reason for the drastic price drop? Not that I'm complaining or anything... but prices for the last TWO years have been in the $2/gal range... now all of a sudden it's back to levels of 3 or more years ago. So what happened to make prices jump around so much?

I wonder how the prices are in other parts of the world now?

Busby · Post by **Busby** » Wed Nov 07, 2001 2:31 pm

OPEC lowered the cost for a barrel of oil, which drives the price of gas down.

MK888 · Post by **MK888** » Wed Nov 07, 2001 3:05 pm

Also the airline demand is way down....the refinery folks are making more gas out of the crued they get, and less jet fuel.

In NYC we are still at 1.35, but it drops about .02 every 2 weeks or so.

Splitfire · Post by **Splitfire** » Wed Nov 07, 2001 3:17 pm

Originally posted by Busby
OPEC lowered the cost for a barrel of oil, which drives the price of gas down.

Techincally, they increased production which drives prices down. Basically, oil was too expensive and people didn't want to buy as much, so they had to raise their outputs to get prices back down to where people will buy it.

VidmanII · Post by **VidmanII** » Wed Nov 07, 2001 11:20 pm

$1.05 in Jersey today and that was at a Sunoco.