Why haven't gas prices gone down?

[PandaBear]

It dropped a bit, but new tax (at least in my area) to cover the inflation of various road funds went up, and the cost of other things like labor, land of the station, etc also went up over time.

It was like almost $5 here at one point and is now around $4.10 or so. Not the lowest not the highest.

 

[4WD]

Look around.... When's the last time you saw a gas station ? What you see now are convenience stores that also sell gas. One of the larger chains in the midwest, Speedway (now owned by 7-11) had a slogan of "The convenience stores of ... Speedway".

Regarding Buc-ee's, estimates are that their sales are 2/3 inside store stuff vs 1/3 fuel.

Pee & more tea for me …

 

[VolvoZ]

A more important question is: Why is coffee getting dramatically more expensive?

 

[4WD]

A more important question is: Why is coffee getting dramatically more expensive?

Oh yeah - and that $8.99 breakfast with $2.99 juice in an 8 ounce glass

 

[Hall]

I think most of our demand is produced domestically.

If I'm not mistaken, US oil producers sell more of our oil to other countries 'cause they pay more. America first.... Pffft....

 

[Hall]

A more important question is: Why is coffee getting dramatically more expensive?

Not allowed to say the word

 

[Imp4]

Yep.

It’s almost as if…

We were lied to?!?!

 

[Hall]

There are two plain gas stations in my immediate area.

Got addresses ? I'm genuinely curious about these 'cause they are rarities nowadays.

 

[4WD]

You guys really love thinly disguised politics here …

 

[Blagoje]

Does anyone have grocery store with a gas program or something like that where they live?

I go to Meijer and Kroger in my area and both have excellent discount programs for gas. I often get $1 off per gallon.

 

[maduroman]

At $3/gallon, it costs us less than $40 to fill our SUV's tank. We go inside and spend $75. Google search says, based on surveys done with shoppers, the average amount spent inside is $58 per visit.

Since when does it cost less than 40 tofill an suv....lol must have a 10 gallon tank
A 30 to 40 gallon tank would be 100$$

 

[2strokeNorthstar]

In the ast month, wholesale gas prices have dropped $0.25-0.30. Yet here in central PA prices INCREASED by five cents!

CA is up about $0.20 for no good reason

 

[k1xv]

Does anyone have grocery store with a gas program or something like that where they live?

I go to Meijer and Kroger in my area and both have excellent discount programs for gas. I often get $1 off per gallon.

Not officially, but here in Vermont we have a Mobil station that is connected with a local supermarket. Their prices are the lowest in the immediate area. Its the River Bend station in Townshend VT

87 octane 2.999
93 octane 3.299
on road diesel 3.399

The price, especially premium and diesel, is a good 40 cents cheaper than any other station in the area. I try to fill up there whenever I am passing by.

 

[walterjay]

Got addresses ? I'm genuinely curious about these 'cause they are rarities nowadays.

Glackin Highway Service in Delta Pa.

Marathon Gas US rte 1 Fallston Md

You can lookup the addresses.

 

[JeffKeryk]

If I'm not mistaken, US oil producers sell more of our oil to other countries 'cause they pay more. America first.... Pffft....

It's more complicted than that. The point is, petroleum is a sold on the world market.
America is a net exporter, has been for years. Ultimately, oil is a for-profit industry. Their goal is to make money, not friends.
Capitalism is about maximizing the wealth of the owners. Big oil is under no obligation to give their products away.
The world runs on oil. It's complicated.

 

[SubieRubyRoo]

I paid $2.11 with a $0.05 discount at a Casey’s in Ohio for 87 octane 2 week ago.

 

[Rmay635703]

It won't take federal laws or tech changes. Nat gas is pretty much free at the field level as a byproduct to shale oil. They can't afford to drill more oil wells at current prices, and they sure can't afford to drill gas wells. Nat gas will increase all by itself once they start capping bakken wells. Natural gas prices and also hence electricity can only go up in price from here.

Natural gas is naturally very limited in its “export ability “ but legal limits kept our prices low, as soon as those export limitations were removed NG prices went up within days.

Unlimited LNG combined with the recent change in law will make natural gas a true global market and abundance of it and low prices are only possible if it’s cheaper in other regions.

Don’t underestimate the affects of being able to export NG almost anywhere in the world without artificial limits on our local landlocked pricing schemes.

NG may become unviable for electric production and as its price increases so does the price of gasoline, industrial goods and electricity.

Not allowed to say the word

Similar to bananas The stuff is technically going extinct, that other thing doesn’t help either.

On a related note several brands of coffee were found using non-coffee fillers off label

 

[SC Maintenance]

Natural gas is naturally very limited in its “export ability “ but legal limits kept our prices low, as soon as those export limitations were removed NG prices went up within days.

Unlimited LNG combined with the recent change in law will make natural gas a true global market and abundance of it and low prices are only possible if it’s cheaper in other regions.

Don’t underestimate the affects of being able to export NG almost anywhere in the world without artificial limits on our local landlocked pricing schemes.

NG may become unviable for electric production and as its price increases so does the price of gasoline, industrial goods and electricity.


Similar to bananas The stuff is technically going extinct, that other thing doesn’t help either.

On a related note several brands of coffee were found using non-coffee fillers off label

If it went up within days it didn't go up all that much comparatively. The current price of $3 / Mbtu is about the same low price its been for 20 years or so. Yes energy prices fluctuate - and can fluctuate a lot.

LNG exports continue to grow, but were still limited by pipelines, liquification facilities and ships. As long as were still flaring gas in the Bakken there is excess gas. Once they build more facilities to ship it off shore then yes, supply and demand pricing will return. It will have little to do with govco - unless they ban exports, which would drop the price but would also likely lessen supply. Companies only make more of stuff they can profit from.

But yes, energy prices will only continue to go up. And that is energy in all forms - oil, gas, electricity, etc. Given nat gas can be used for many more things than gasoline, and a lot of those things are in demand, I would guess comparatively nat gas will go up much faster than oil.

And yes, I agree grinding your own coffee beans is the way to go. Unless your telling me there are fake beans also?

 

[SC Maintenance]

If I'm not mistaken, US oil producers sell more of our oil to other countries 'cause they pay more. America first.... Pffft....

That is not true at all, we do use the majority of our own oil. But yes we export a lot too.

Oil producers are selling a commodity on an open market. So we pay a price that is comparable to what someone in another country would pay. There is no home team discount. We do however pay less transportation (if your East of the Mississippi) because we have great infrastructure.

We export a fair bit for several reasons.
1) we don't have refining capacity for all we produce.
2) The midwest refineries are set up to process heavy crude, not light sweet crude that we produce excess of. So they still get crude from Canada.
3) There is no good way to get our oil / refined product to the west coast. So we ship our excess out of the gulf towards latin America and Europe, and the West Coast buys oil and refined product from Canada and the Middle East. Rocky Mountains win again.

 

[Rmay635703]

Not allowed to say the word

B

If it went up within days it didn't go up all that much comparatively. The current price of $3 / Mbtu is about the same low price its been for 20 years or so. Yes energy prices fluctuate - and can fluctuate a lot.

LNG exports continue to grow, but were still limited by pipelines, liquification facilities and ships. As long as were still flaring gas in the Bakken there is excess gas. Once they build more facilities to ship it off shore then yes, supply and demand pricing will return. It will have little to do with govco - unless they ban exports, which would drop the price but would also likely lessen supply. Companies only make more of stuff they can profit from.

But yes, energy prices will only continue to go up. And that is energy in all forms - oil, gas, electricity, etc. Given nat gas can be used for many more things than gasoline, and a lot of those things are in demand, I would guess comparatively nat gas will go up much faster than oil.

And yes, I agree grinding your own coffee beans is the way to go. Unless your telling me there are fake beans also?

View attachment 300622

funny how my bill (excluding the massive fixed fees) went up 25% one month to the next despite lower usage with a little letter from the utility saying unexpected supply cost increases drove increases to my bill.

Both delivery and cost per unit prices went up and various state .gov s were having hearings about unexpected NG cost increases earlier this year.