understanding gas prices


Old 02-12-15, 05:20 AM
Forum Topic Moderator
Thread Starter
Join Date: Mar 2005
Location: USA
Posts: 43,031
understanding gas prices

Normally our region has lower gas prices than elsewhere but for some reason we were real slow to get sub $2 a gallon gasoline. I got to fill my jeep up twice at less than $2 per gallon, once at $1.99 and then about 10 days ago at $1.84. Tuesday I filled up again at $2.19 per gallon, went out yesterday and the same gas station had dropped the price to $2.05 ????

I'm certainly not complaining since $3+ gas wasn't that long ago but it doesn't make sense for gas to jump 35 in a little over a week and then drop 14 over night.

Last edited by marksr; 02-12-15 at 05:53 AM.
Sponsored Links
Old 02-12-15, 07:02 AM
Join Date: Feb 2015
Location: USA
Posts: 4
Out here in Arizona, the lowest it got was $1.63 per gallon which was awesome because I have a jeep wrangler as well so I was able to take her on a road trip to Washington State. Its now up in the early 2s though. As long as it won't go over 3 again, I won't complain as much. I remember it was a struggle a couple years back when i was in California and gas had gone close to 6 a gallon in some places
Old 02-12-15, 07:06 AM
Join Date: Nov 2007
Location: MI
Posts: 2,446
It's not possible to "understand" gas prices these days. Too much profiteering, gouging & speculation dictating the price at the pump--no real correlation to the economy or actual costs.
Old 02-12-15, 08:47 AM
Forum Topic Moderator
Thread Starter
Join Date: Mar 2005
Location: USA
Posts: 43,031
My oldest son is a truck driver and I think he said it was out in the midwest he saw signs for $1.50 per gallon several weeks ago. I don't know why it didn't get as low as elsewhere around here. Used to be the pump price was tied to the price paid for the last shipment of gas but as quick as it goes up/down I guess that is no longer the case.
Old 02-12-15, 05:44 PM
Join Date: Aug 2009
Location: USA
Posts: 4,940
The price of gas is tied to supply and demand of gasoline. Supply and demand of crude oil. And the strength of the dollar.
Old 02-12-15, 06:52 PM
Forum Topic Moderator
Join Date: Oct 2002
Location: Hamilton County, Ohio
Posts: 4,287
Partially greed - usually the producers/distributors and partially competition or a lack thereof depending on the location of stations.

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Thread Tools
Search this Thread
Display Modes