Community Chat

[Sooner]

The US is very short on the number of refineries so it is easy for gas proces to fluctuate depending on which are online and which are down for repairs.  Houston took a huge hit, so I'd guess it is still iffy there.  But don't know that for sure.  

Maybe some of the big offshore rigs are offline too at a this point.

[hckynut]

I remember, not that long ago, paying $5 a gallon for gas. Cost me close to 50 bucks to mow our property. I also remember paying 9 cents a gallon for regular gas, and 11 cents a gallon for ethyl gasoline. 

Given the more recent past, pay $2.29 a gallon doesn't seem that bad to me. 

hckynut(john)

[Nataliesgramma]

Ours came down a few cents this week.....2.39

[sgraham30]

I paid $2.30 per gallon yesterday at Costco. This was in Bloomingdale,IL, which is one of Chicago's NW suburbs, an hour out of the city.

[kitcat51]

I live in MI, gas prices are down to where they were before the hurricanes. Prices for building supplies are raising because of demand, it has nothing to do with greed. The understanding of basic economics is lacking in this country, I'm not sure if they teach it in school anymore but I learned the basics in grade school & in high school 4 years of business was required to graduate.

[SharkE]

I live and shop in Amarillo, Tx where there's United Supermarkets.

They have a rewards progrm. Once you get to 200 spent on groceries or prescriptions filled counts towards the 200 points then you get 20 cents off a gallon at the pump up to 25 gallons.

You have to eat, so, 200 doesn't take that long to obtain. So, if gas is 2.19 a gallon with your reward card you get for 1.99 .

[SharkE]

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@kitcat51 wrote:

I live in MI, gas prices are down to where they were before the hurricanes. Prices for building supplies are raising because of demand, it has nothing to do with greed. The understanding of basic economics is lacking in this country, I'm not sure if they teach it in school anymore but I learned the basics in grade school & in high school 4 years of business was required to graduate.

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You ever heard of carpetbaggers ? Civil war ? People always cash in on other people's misery.  Hotels raise rates, rental cars go up during crisis, price of food and water raise taking advantage of what they know people have to have to survive.

U.S. drugs are off the chart. The EPI pen horror. What used to be 100, when that guy got in there he raised the price of the life saving pens to 800.

I just got a prescription that cost 120 that used to cost 10.

Popular xmas toys will be the next thing. Remember the beanie baby ? Cabbage patch dolls ?

Whatever the hot new toy will be this yr. price will skyrocket and people will buy 'em up and hoard them and save for parents who will pay what the market will bear for their kids to have what the hot new gadget is.

[software]

The price of crude came down a bit this week, still hanging in there at about $50

The price of wholesale gas out of a refinery is market priced.

They don't jack up prices to make a profit.

Now gas stations may.   They buy at wholesale prices.   If their retail price is too high, no one will buy, if too low, they lose money

Not all the refineries are back to operating at 100% and it's only been in the last week or so that the pipeline has been running at 100%

It's probably going to be a few weeks before everything settles down.

[CLHS68]

I don't know where you all are but prices here are higher. Today our price is 2.80 a gallon.

[JaneMarple]

I've traveled from Massachusetts to southern Pennsylvania the past two days and gas along the way is $2.59-$2.80! The price was about $2,18 before the hurricanes, someone is making money!