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5 dollar gas...are we ready?

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Re: 5 dollar gas...are we ready?

$1.87 at the "substance which may or may not be gas or monkey urine" station along my NoVa commute. $1.91 at the "do not eat our hotdogs" Quik-E-Mart.
 
Re: 5 dollar gas...are we ready?

Brenthoven said:
IIRC, Thursdays the price jumps up (especially in the evening) because of people going out of town on Friday for the weekend. It drops on Monday, assuming consumers fill back up on Sundays when they get back in town.
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You're correct. I've seen multiple news sources who cite studies that, in Minnesota anyway, and also probably holds true elsewhere, the absolute worst time to buy gas is anytime after about 2 p.m. on Thursdays. The price actually tends to drop on Fridays.
 
Re: 5 dollar gas...are we ready?

johnnypohlfan said:
You're correct. I've seen multiple news sources who cite studies that, in Minnesota anyway, and also probably holds true elsewhere, the absolute worst time to buy gas is anytime after about 2 p.m. on Thursdays. The price actually tends to drop on Fridays.
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Those sorts of news outlets usually say that the best day to buy gas is Wednesday morning.
 
Kepler said:
$1.87 at the "substance which may or may not be gas or monkey urine" station along my NoVa commute. $1.91 at the "do not eat our hotdogs" Quik-E-Mart.
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Yeah, cause they have their own refinery that makes lower quality gas.
 
Re: 5 dollar gas...are we ready?

dxmnkd316 said:
Gas shot up 25 cents today.

What the hell man?
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Dollars to donuts it was Speedway. They're notorious for pulling this stunt throughout Michigan once a week. Most commonly done around Wednesday afternoon. If you see a jacked up Speedway price, hurry up and find a gas station.

Look at a chart of Michigan's gas prices over time. It looks like a farking hacksaw.
 
Twitch Boy said:
Dollars to donuts it was Speedway. They're notorious for pulling this stunt throughout Michigan once a week. Most commonly done around Wednesday afternoon. If you see a jacked up Speedway price, hurry up and find a gas station.

Look at a chart of Michigan's gas prices over time. It looks like a farking hacksaw.
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Depends where in Michigan. In the UP, the owner of the formerly Citgo stations is notorious for controlling the prices in every city he's in.

Like, to the point where he is [ ] to saying mob-ish verbiage threatening the manager of the Holiday station in my hometown to "raise their price to meet his."
 
Re: 5 dollar gas...are we ready?

Some of the bigger companies are already cutting back in an anticipation of lower costs for the year. Schlumberger just cut about 9000 job from the workforce, but I believe that this is an effort for the short term to appease shareholders. However, an equal case could be stated that these big companies are slashing oil costs forcasts in 2015. Civeo group, the spinoff from Oil states international also closed up shop on a lot of their residential areas ( they provide housing to those working the oil fields in Canada). The market is in full panic mode right now, so being a contrarian and loading up long on oil stocks is not easy. The beautiful thing about low oil prices is that some of these companies become buyout candidates....someone from the 80s or 90s would have to comment further. Can't say I was paying much attention in 3rd grade ;)
 
Re: 5 dollar gas...are we ready?

walrus said:
Yeah, cause they have their own refinery that makes lower quality gas.
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Every brand has their own proprietary additives. Chain stores have been prosecuted for using too much hydrogen dioxide in their own "special blend." Others charge so much you'd think their engine-rejuvenating detergents are distilled from unicorn tears. There are major differences between gas station chains.
 
Re: 5 dollar gas...are we ready?

geezer said:
Every brand has their own proprietary additives. Chain stores have been prosecuted for using too much hydrogen dioxide in their own "special blend." Others charge so much you'd think their engine-rejuvenating detergents are distilled from unicorn tears. There are major differences between gas station chains.
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FreeState is always 10-12 cents cheaper than the place directly across the street and the places that flank them. Out of sheer paranoia I've never gotten their gas. Is this poor emotional thinking, or common "you get what you pay for" sense?
 
Re: 5 dollar gas...are we ready?

geezer said:
Every brand has their own proprietary additives. Chain stores have been prosecuted for using too much hydrogen dioxide in their own "special blend." Others charge so much you'd think their engine-rejuvenating detergents are distilled from unicorn tears. There are major differences between gas station chains.
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Major differences, doubt it. additive packages can be different. Sometimes the pkg is only used to make sure the product is actually Mobil or shell or whatever. The same terminal may have many brands of gas coming out of the same tank, depending on throughput agreements.
 
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