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Old 09-10-2006, 09:18 PM   #1
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Default Price of gasoline

In Ames, Iowa today, gasoline is at $2.23/gallon for 89 octane ethanol (10% ethanol), regular unleaded is $2.28 and premium is $2.49.

We have now been properly conditioned to think that these prices are low! Still, if we complain about what causes the increases, should we wonder why prices are now falling?

I remember at the beginning of this summer, so-called "experts" on TV predicting that gas would be at least $4/gallon by labor day.

Nonetheless, I will not be rushing out to buy a Hummer.
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Old 09-10-2006, 09:47 PM   #2
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I'm getting 94 octane for 93.1 cents/litre. I couldn't be happier. I can afford to drive like a maniac now.
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Old 09-10-2006, 09:51 PM   #3
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Around 2.66 a gal for 93 around here
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Old 09-10-2006, 10:10 PM   #4
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94 Octane is still $1.29 / liter here but it has come down from $1.39 it was a month ago.
Less travel now.
It is all about supply and demand.
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Old 09-10-2006, 10:12 PM   #5
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Quote:
Originally Posted by 2000SilverBullet
It is all about supply and demand.
I really beg to differ. There'* something much deeper causing the gas prices to fluctuate as much as they do. And as Bill pointed out, we really have to uncover what'* causing the price to be so low now.
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Old 09-10-2006, 10:21 PM   #6
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End of summer driving season
No industry regulation
Less then expected Atlantic hurricane damage
Middle East cease fire (Lebanon/Israel)
New oil well found in Gulf of Mexico
Record 2nd quarter profit in the oil industry
Less then expect negative impact on damaged oil line in Alaska

Price are not low, but we are now succesfully conditioned to accept these "new low prices"

Hooray
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Old 09-10-2006, 10:55 PM   #7
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2.11 here in Ponca City OK. Everything JimW mentioned, PLUS I feel that more people are driving more economy cars and leaving the big SUV/* trucks more idle than they used to. I have not driven my Silverado in almost a year, I start it once in awhile and move it to mow, thats about it.
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Old 09-10-2006, 11:09 PM   #8
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im glad they are dropping, its just like one of those things like taxes and death.. something u cant escape..paying any ammount for gas.

im getting 89 gas @ 95.4/Litre
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Old 09-10-2006, 11:17 PM   #9
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dont worry fuel is stgill expensve round here. well its drop a tit but nothing worth mentioning. like 279 a gallon for the cheap its been that way all summer long....
btw thats for 87 octane
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Old 09-10-2006, 11:58 PM   #10
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2.29 here for the cheap stuff (what i use now) good enough for me!
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