Gas Prices

Wow, what happened gas jumped from 3.45 to 3.55 almost over night. This always seems to happen before we head out on a trip. I fueled up our truck over in New Jersey the night before last and I saw gas for 3.25.9 and diesel was 383.9. I have not seen what the jump was over there yet. Leaving for Key West tonight after the traffic cools down. I was hoping diesel would stay in then 3.80's. That does not look to be the case. I guess the unrest in Algeria is to blame? :disgust
D.D.
 
From the Indianapolis Star news paper (All news fit to be printed :wink: )


After more than a week of declining gas prices, commuters will have to start spending more again.

Regular gas prices already have started increasing at some stations in the Great Lakes region, said Patrick DeHaan, senior petroleum analyst for GasBuddy.com. That includes stations in Indiana, Ohio and Michigan, where prices are starting to climb up to $3.39.

"The reason for the change is that competition had eroded margins to the point where stations felt an increase was necessary to maintain that margin," DeHaan said. "It's what we call 'price cycling,' a phenomenon that only occurs in the Great Lakes region."

DeHaan said the strong presence of a specific or independent retailer causes the spike. A 2010 study by the Federal Trade Commission specifically mentions retailers such as Speedway and QuikTrip as generators of the price cycling pattern in Midwestern cities.

Thegasgame.com calls this the "Speedway effect." According to the website, the more stations Speedway owns in a city, the larger the price hikes are in that area. Speedway operates about 230 stations in Indiana, 300 in Michigan and 470 in Ohio, the company's home state.

Locally, regular gas prices already have jumped to $3.39 and $3.49 per gallon at stations in Crawfordsville, Franklin and Fishers, according to GasBuddy.com. Prices at a few stations in Shelbyville and Anderson are at $3.51.

Prices, however, remain low in the Indianapolis area, particularly at stations on the Eastside and Westside, where regular gas is $3.02 per gallon. The lowest, according to GasBuddy.com, is $2.96 in Mooresville.

For specific locations and prices, go to www.indianagasprices.com
 
Talking to our daughter last night (Phoenix area), she said, "You know how you always blame me for the bad weather when we come to visit? Well, we know when you're coming here: gas prices are going up again!"

Like Dave, it always seems to happen when we're ready to head out on a lengthy trip. Seriously - how do they know??

I checked - the rising prices are due to the fact that we have become accustomed to rising prices. As in the past, they will go up, 'till the general public takes notice and starts to curtail traveling (after we arrive at our destination). Then, they will continue to go up only slightly. As people cut back on their driving even further, the prices will drop by an amount equal to 30% of the rise... at which point, the public will breath a collective sigh. Then, the prices will stabilize at the now "higher than what we thought we could tolerate" prices, but we will all be grateful that they are less than the highest point.

Until it all starts over again.

There are reasons that diesel is more than 50¢ per gallon higher than unleaded... nothing to do with the refining process. Every product you buy gets there by diesel. America won't curtail getting products delivered, the way a family will cut back on putting miles on the minivan. Those of us who drive a diesel get to pay this every time we fill the tank; everyone else gets to pay more everytime they buy any product. The oil industry has us pegged: they know what the public will tolerate, and they know they can magnify profits by pushing up diesel... and still extract additional profits from all of us.

Don't get me started on ethanol!
 
I read EIA site located at
http://www.eia.gov/

Gasoline and Diesel Fuel Update
see http://www.eia.gov/petroleum/gasdiesel/

This Week in Petroleum
see http://www.eia.gov/oog/info/twip/twip.asp

...unlike gasoline prices, diesel prices during the first month of 2013 have been higher than year-ago levels; this reflects growing global distillate demand, which has spurred increased refinery runs in the United States to increase distillate production for export....
... Despite declining diesel prices since autumn, the demand for diesel produced in the United States remains healthy as a result of imbalances in Latin America, where diesel demand exceeds local production. International demand has helped keep diesel crack spreads in the United States higher than year-ago levels, notwithstanding lower year-over-year domestic distillate (a broader product category that includes diesel) consumption. The International Energy Agency estimates that global distillate consumption increased in 2012 compared to 2011, driven by consumption increases in emerging economies. Similar to the situation in the United States, distillate consumption among the developed economies of the Organization for Economic Cooperation and Development as a whole was down year-over-year in 2012.

U.S. refiners have increased production, encouraged by diesel crack spreads that remain attractive, notwithstanding the recent decline noted above. For the four weeks ending January 25, U.S. average gross refinery inputs totaled 15.0 million bbl/d, a 1.7-percent increase from the same period a year ago. The increase in runs has resulted in increased production of all fuels, including gasoline and diesel.....


this article is more informative than our local newspaper
 
Jim,
After quickly doing a mapquest from where I live Pa. some 25 miles north of Philadelphia; Key West lies 1488 miles to the south. After a week there we are going to trailer the boat up to Marathon for another week. I hope to sneak up up on Dr. Bob there well Knights key same thing almost. Then we trailer the boat again to Key Largo for a week. Then our last stop will be over to the west side of Florida to Cape Haze to stay at the Palm Island Marina. We have a friend over there now with a Ranger tug called Illusion and they say it's beautiful there. They are having a mini Tugnut convention there later this week I think.. We look forward to seeing them as we cruise with them sometimes twice a year. We hope to do some anchoring out there also. Where was I? Oh yeah, I figure at least 3500 miles for this jaunt at least, divide that by my wishful thinking of 15 miles per gallon = 233 gallons of fuel. Multiply that by $4.00 dollars a gallon for fuel = $933 for fuel for the truck if fuel stays around 4.00 dollars a gallon. It's only money. I'll send pictures. :D
D.D.
 
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