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(Bloomberg)   Gas falls to $3.5586 and ⅝   (bloomberg.com) divider line 50
    More: Amusing, United States, Lundberg Survey, Lundberg, Dan Stets, gas, West Texas Intermediate, New York Mercantile Exchange, Energy Information Administration  
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4396 clicks; posted to Main » on 26 Aug 2013 at 7:49 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



50 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2013-08-26 01:07:35 AM  
They should switch units from dollars to milli or micro dollars to properly utilize all those decimal places.
 
2013-08-26 02:29:50 AM  
$3.95 in my neck of the California woods :(
 
d23 [TotalFark]
2013-08-26 07:52:49 AM  
Why is the price in Bitcoin?
 
2013-08-26 07:58:50 AM  
If there's no emergency then let's see it drop back down to under $3 a gallon.
 
2013-08-26 07:59:53 AM  
I'll hold off on filling the tank until it hits $3.5583.  I ain't got money to burn,ya know...
 
2013-08-26 08:00:45 AM  
It just went up 25 Cents here in the last two weeks...  Not sure where they are getting there data....
 
2013-08-26 08:01:38 AM  
Isn't it cool that gas pumps measure gas to 3 decimal places? Each time I fill my tank, I see those numbers racing upwards, and think, "whoa! look at all that gas I'm getting!"
 
2013-08-26 08:03:08 AM  

d23: Why is the price in Bitcoin?


*puts on tinfoil hat*  I think you know why! Feds can track you by the fuel you put in your vehicle, they have microbes in the gas that relay back to HQ what your current position is!  I don't know about you but I always pay for my gas in Bitcoin!

/*snert*
 
2013-08-26 08:08:15 AM  
We're talking about fractions of pennies.

fogsmoviereviews.files.wordpress.com
/They did it in Superman 3
 
2013-08-26 08:08:51 AM  
The fleecing of the American people continue.
 
d23 [TotalFark]
2013-08-26 08:13:10 AM  

LtDarkstar: d23: Why is the price in Bitcoin?

*puts on tinfoil hat*  I think you know why! Feds can track you by the fuel you put in your vehicle, they have microbes in the gas that relay back to HQ what your current position is!  I don't know about you but I always pay for my gas in Bitcoin!

/*snert*


Yeah.. what I was going for is that gas is like $300 a gallon.  Don't worry, it's comin'.
 
2013-08-26 08:17:08 AM  
Don't like the price? Stop buying so much.
 
2013-08-26 08:18:07 AM  

wrestler79: The fleecing of the American people continue.


If only the Chinese would give up their cars and go back to riding bicycles.
 
2013-08-26 08:20:12 AM  
Marathon Oil will find an excuse to spike prices sometime this week.

\They always do.
\\Marathon is a monopoly here
\\\that is all
 
2013-08-26 08:20:45 AM  
Filled up yesterday at $3.32.  Sounds nice at first, but then you have to live in South GA, so it all evens out.
 
2013-08-26 08:22:42 AM  
That's funny; gas is $3.6886 and ⅝ here, or $5 a gallon if you use a credit card.  (This practice is apparently legal, too.)

Hess is the only gas station I will go to around here; they do not engage in the practice of advertising one price, and charging a much higher one.
 
2013-08-26 08:24:49 AM  
Five eighths?  they must be at Bernies Discount Gas on highway nine!
 
2013-08-26 08:31:24 AM  

noblewolf: It just went up 25 Cents here in the last two weeks...  Not sure where they are getting there data....


From a national average, as stated in the article. Here, we've gone up precisely two cents in the last two weeks. For a 25-cent increase, you have to go all the way back to last December. And according to GasBuddy, the national average has been falling constantly -- if slowly -- since mid-July.
 
2013-08-26 08:39:04 AM  
www.motherjones.com
Raise it 50, then drop it 30, and the press runs stories about the price falling.
 
2013-08-26 08:41:59 AM  
"Down" to $3.99 on average here in the Chicago area. We like to make our rape last.
 
2013-08-26 08:42:30 AM  
"We have tremendous gasoline production occurring here and American refiners are running at very high rates of capacity," Trilby Lundberg, president of Lundberg Survey, said in a telephone interview. "There is no tightness in supply; if anything we have an oversupply of gasoline in the United States."

But we're going to continue over-charging you for fuel because fark you.  What are you gonna do about it?
 
2013-08-26 08:44:22 AM  
There is always at least a 0.25 per gallon difference between GA and just-over-the-border South Carolina. Tax structure between red states that different???
 
2013-08-26 08:51:22 AM  
$3.75-$3.85 here in Seattle.

/Make sure you use your QFC or Safeway rewards points.

//Brought the price down to $3.35 when I filled up on Sunday.
 
2013-08-26 08:53:46 AM  

togaman2k: Filled up yesterday at $3.32.  Sounds nice at first, but then you have to live in South GA, so it all evens out.


But we get the added advantage of not having to measure fuel consumption in MPG, but in "trips to the store."

/country
 
2013-08-26 09:02:15 AM  
I used Kroger fuel points for my mom the other day and she got a whopping 40 cents off gas. Brought it all the way down to almost $3.00 even. It's still very hard for me to see anything over $1.25 as a bargain.

Every so often our local news does a story about "gas prices dropping" and it gets my hopes up, but they usually mean it went from from above $3.50 (anywhere up to $3.95) to below $3.50 (never below $3.25 anymore).

Is it over the top to say I love subby and Fark in general for threads like this? Oh well, I said it...
 
2013-08-26 09:04:18 AM  

LarryDan43: wrestler79: The fleecing of the American people continue.

If only the Chinese would give up their cars and go back to riding bicycles.


You keep believing that spoon fed bs as to why you are paying what you are paying. Try doing some research or investing in extraction companies and you will learn quickly why you are paying what you are. Do you realize on average it only cost about $12/barrel for extraction and anywhere from $7-$40/barrel for finding costs. The Saudi Prince recently stated basically if the US people ever find out that they have more resources than the entire middle east his country is bankrupt. So much for you to learn. Please do me and yourself a favor and invest in an oil extraction company. Hopefully it will be the one I am with.
 
2013-08-26 09:07:15 AM  
i.imgur.com
 
2013-08-26 09:10:07 AM  

Pelvic Splanchnic Ganglion: But we're going to continue over-charging you for fuel because fark you. What are you gonna do about it?


And shut up yer biatchin' about all those juicy tax breaks we get.  It's not as if we're making more profit than ever recorded in human history.  We *need* those tax breaks to keep gas prices down.

Besides....bread is $4 a loaf, and that's *way* more than we charge per gallon...you should be biatchin at the bread companies, not us.  *They're* the evil ones.
 
2013-08-26 09:14:22 AM  

maglinger: If there's no emergency then let's see it drop back down to under $3 a gallon.


I traded in a 2003 PT Cruiser on a new Accord about three weeks ago, and I'm getting 39 mpg on the highway, so I've already effectively cut my gas price by 50 percent.

/Smug? Why yes, I guess I am smug.
 
2013-08-26 09:14:46 AM  
Depending on the state you live in Federal state and local taxes can add as much as .50/gallon to your cost. The government makes way more per gallon of gas than the "evil" oil companies ever thought of.
http://www.gaspricewatch.com/web_gas_taxes.php
 
2013-08-26 09:31:23 AM  

Speef: That's funny; gas is $3.6886 and ⅝ here, or $5 a gallon if you use a credit card.  (This practice is apparently legal, too.)

Hess is the only gas station I will go to around here; they do not engage in the practice of advertising one price, and charging a much higher one.


Offsetting the cost charged by the credit card processors is common practice in the fuel industry. Clearly the convenience is worth it to you, otherwise you'd get cash before you go to the gas station instead of just complaining to people who have even less control over the situation than you.
 
2013-08-26 09:35:27 AM  
Gas is always the highest it's ever been in history according to some people.  I don't understand why that is.
 
2013-08-26 09:37:32 AM  

Pangea: Speef: That's funny; gas is $3.6886 and ⅝ here, or $5 a gallon if you use a credit card.  (This practice is apparently legal, too.)

Hess is the only gas station I will go to around here; they do not engage in the practice of advertising one price, and charging a much higher one.

Offsetting the cost charged by the credit card processors is common practice in the fuel industry. Clearly the convenience is worth it to you, otherwise you'd get cash before you go to the gas station instead of just complaining to people who have even less control over the situation than you.


$3.68 to $5 is a lot, though. That's not just convenience, that's a gouging. Credit card processor fees are in the realm of 3% and/or + 75 cents, or thereabouts.
 
2013-08-26 09:40:57 AM  

Pelvic Splanchnic Ganglion: "We have tremendous gasoline production occurring here and American refiners are running at very high rates of capacity," Trilby Lundberg, president of Lundberg Survey, said in a telephone interview. "There is no tightness in supply; if anything we have an oversupply of gasoline in the United States."

But we're going to continue over-charging you for fuel because fark you.  What are you gonna do about it?


Purchase a plug-in hybrid or EV?  Regularly check tire inflation and other maintenance?  Make better use of public transportation?  Back the development of high-speed rail?  Realize that your 7-year-old's membership on a soccer team does not mandate a Greyhound Bus worth of cargo capacity for your personal vehicle?  Remove the subsidies that the oil industry enjoys in this country?  Treat "oil heat" like we treat "lead paint" in houses and businesses?  Require broad-spectrum recycling of plastics throughout the nation?  Put a $0.10 tax on plastic bags at all stores?

Nah, those things are difficult.  They're not what we've always done.  Too hard.

If we gave a crap about national security or the environment, we'd gradually ratchet gas taxes up about $5/gallon and funnel money into R&D (better all-electric vehicles, renewables to bolster the grid's capacity, biofuels for heavy industry and air travel, etc.), public transportation subsidies, and basic infrastructure.  Too regressive?  Offer a tax break for families under the poverty line that disappears over time.

We have the technical capability to cut our gasoline consumption in half within several years, but we're perfectly content as a nation to do nothing and whine about the price.
 
2013-08-26 09:44:19 AM  

wrestler79: Depending on the state you live in Federal state and local taxes can add as much as .50/gallon to your cost. The government makes way more per gallon of gas than the "evil" oil companies ever thought of.
http://www.gaspricewatch.com/web_gas_taxes.php


I guess one difference is that the "evil" government uses that money to fix the roads that you drive on, whereas your noble benefactors in the petroleum industry use it towards lobbying Congress towards loosening pollution standards, propping up tinpot dictators, and occasionally ruining a large body of water.
 
2013-08-26 10:05:35 AM  
Syria and Egypt are close to oil... I'm sure they can help boost it back up again.
 
2013-08-26 10:46:04 AM  

wrestler79: Depending on the state you live in Federal state and local taxes can add as much as .50/gallon to your cost. The government makes way more per gallon of gas than the "evil" oil companies ever thought of.
http://www.gaspricewatch.com/web_gas_taxes.php


Let me know when the oil companies start repairing roads and building bridges.
 
2013-08-26 11:01:28 AM  

farkingatwork: Pangea: Speef: That's funny; gas is $3.6886 and ⅝ here, or $5 a gallon if you use a credit card.  (This practice is apparently legal, too.)

$3.68 to $5 is a lot, though. That's not just convenience, that's a gouging. Credit card processor fees are in the realm of 3% and/or + 75 cents, or thereabouts.


I thought that was hyperbole, and more like $0.05 per gallon in reality.

Yeah, that's outrageous and I'm surprised people haven't either revolted or boycotted that place entirely.
 
2013-08-26 11:03:10 AM  

chimp_ninja: Pelvic Splanchnic Ganglion: "We have tremendous gasoline production occurring here and American refiners are running at very high rates of capacity," Trilby Lundberg, president of Lundberg Survey, said in a telephone interview. "There is no tightness in supply; if anything we have an oversupply of gasoline in the United States."

But we're going to continue over-charging you for fuel because fark you.  What are you gonna do about it?

Purchase a plug-in hybrid or EV?  Regularly check tire inflation and other maintenance?  Make better use of public transportation?  Back the development of high-speed rail?  Realize that your 7-year-old's membership on a soccer team does not mandate a Greyhound Bus worth of cargo capacity for your personal vehicle?  Remove the subsidies that the oil industry enjoys in this country?  Treat "oil heat" like we treat "lead paint" in houses and businesses?  Require broad-spectrum recycling of plastics throughout the nation?  Put a $0.10 tax on plastic bags at all stores?

Nah, those things are difficult.  They're not what we've always done.  Too hard.

If we gave a crap about national security or the environment, we'd gradually ratchet gas taxes up about $5/gallon and funnel money into R&D (better all-electric vehicles, renewables to bolster the grid's capacity, biofuels for heavy industry and air travel, etc.), public transportation subsidies, and basic infrastructure.  Too regressive?  Offer a tax break for families under the poverty line that disappears over time.

We have the technical capability to cut our gasoline consumption in half within several years, but we're perfectly content as a nation to do nothing and whine about the price.


You post is too smart for your own good. You can expect a knock at your door soon.
 
2013-08-26 11:07:56 AM  
an oversupply of gas?  How horrible.  I can't afford 22 cents a mile thanks to the farking 3.50 a gallon they insist on charging.  "Get a car with better mileage" people say.  I don't have a choice, this is a family car, I don't have one anymore.  Thanks to 'Cash for Clunkers', a freaking shiatload of perfectly viable vehicles were taken off the roads, and the price of used cars is at a historical high.  Forget about economical cars, anything that gets good mileage is worth its weight in gold, new or used.  I don't go out anymore except for the most essential of errands.  Restaurants, theaters, night clubs, they might as well be on the moon.  Public transit?  Pshaw, I live in NH, there's no farking public transit.  There's a farking city bus that takes 2 hours to do a 6 mile round trip.  It is barely faster than walking, and doesn't run any later than 8 or 9 PM.

I'm all for free enterprise, and capitalism but the shameful behavior of the oil companies puts a very unpalatable taste in my mouth.  I"m a little sick of hearing of "woo hoo, yet another record breaking quarter of profits" from that sector.  Then the economists say "We still don't understand why the economy is not improving as fast as it should."  Want to make the economy improve?  Drop the price of gas by a minimum of 1.50, and I say more like 2 dollars a gallon.  Tell those oil company farks to eat shiat for the next 15 years, like the middle class has been for the last 15 years.  fark them, if they didn't save any of their precious record profits quarter after quarter, then they can go to hell.  I'm tired of living like a hermit, unable to go anywhere, do anything or buy anything because the cost of gas is so farking high.  Non-USAers, don't even go there about gas prices, we're not funding agendas with our gas like you are.
 
2013-08-26 11:17:23 AM  

Pangea: chimp_ninja: Pelvic Splanchnic Ganglion: "We have tremendous gasoline production occurring here and American refiners are running at very high rates of capacity," Trilby Lundberg, president of Lundberg Survey, said in a telephone interview. "There is no tightness in supply; if anything we have an oversupply of gasoline in the United States."

But we're going to continue over-charging you for fuel because fark you.  What are you gonna do about it?

Purchase a plug-in hybrid or EV?  Regularly check tire inflation and other maintenance?  Make better use of public transportation?  Back the development of high-speed rail?  Realize that your 7-year-old's membership on a soccer team does not mandate a Greyhound Bus worth of cargo capacity for your personal vehicle?  Remove the subsidies that the oil industry enjoys in this country?  Treat "oil heat" like we treat "lead paint" in houses and businesses?  Require broad-spectrum recycling of plastics throughout the nation?  Put a $0.10 tax on plastic bags at all stores?

Nah, those things are difficult.  They're not what we've always done.  Too hard.

If we gave a crap about national security or the environment, we'd gradually ratchet gas taxes up about $5/gallon and funnel money into R&D (better all-electric vehicles, renewables to bolster the grid's capacity, biofuels for heavy industry and air travel, etc.), public transportation subsidies, and basic infrastructure.  Too regressive?  Offer a tax break for families under the poverty line that disappears over time.

We have the technical capability to cut our gasoline consumption in half within several years, but we're perfectly content as a nation to do nothing and whine about the price.

You post is too smart for your own good. You can expect a knock at your door soon.


Sweet!  He gets to meet Bryan Cranston!
 
2013-08-26 11:24:39 AM  
Every gas pump I have ever filled up at is $x.xx + 9/10.  This 5/8 business is confusing me.
 
2013-08-26 11:24:52 AM  

chimp_ninja: Pelvic Splanchnic Ganglion: "We have tremendous gasoline production occurring here and American refiners are running at very high rates of capacity," Trilby Lundberg, president of Lundberg Survey, said in a telephone interview. "There is no tightness in supply; if anything we have an oversupply of gasoline in the United States."

But we're going to continue over-charging you for fuel because fark you.  What are you gonna do about it?

Purchase a plug-in hybrid or EV?  Regularly check tire inflation and other maintenance?  Make better use of public transportation?  Back the development of high-speed rail?  Realize that your 7-year-old's membership on a soccer team does not mandate a Greyhound Bus worth of cargo capacity for your personal vehicle?  Remove the subsidies that the oil industry enjoys in this country?  Treat "oil heat" like we treat "lead paint" in houses and businesses?  Require broad-spectrum recycling of plastics throughout the nation?  Put a $0.10 tax on plastic bags at all stores?

Nah, those things are difficult.  They're not what we've always done.  Too hard.

If we gave a crap about national security or the environment, we'd gradually ratchet gas taxes up about $5/gallon and funnel money into R&D (better all-electric vehicles, renewables to bolster the grid's capacity, biofuels for heavy industry and air travel, etc.), public transportation subsidies, and basic infrastructure.  Too regressive?  Offer a tax break for families under the poverty line that disappears over time.

We have the technical capability to cut our gasoline consumption in half within several years, but we're perfectly content as a nation to do nothing and whine about the price.


I've always felt like low gas prices end up being pretty bad for cities (no numbers involved, just observations based on St. Louis and DC). People see that house another 15 miles out that's 20,000 cheaper and they say, gee, it's only another 15 minutes of driving each way! There's hardly any traffic on this additional part! I'd save so much! Then 10,000 people do the same thing, that rural highway gets jammed and dangerous, millions and even billions are spent upgrading the highways, all for the next round of farflungers. People commute into St Louis from freaking Bowling Green, which is like 60 miles away. I promise, the housing prices in St. Louis aren't that punishing.

Then comes phase 2, the gas prices go up, and the geniuses who saved a little just to shunt the cost of highway building to the rest of us complain about how it's destroying them. But don't build mass transit, because that would only serve a fraction of the population, because so many people decided to do this extreme urban sprawl. Then you have this enormous population that thinks the only realistic solution is to lower gas prices, and nothing else. But we know that's really not feasible.

\End rant
\\But really, I can't believe the commutes people endure. It's one thing for people with no money, but these are people who think they're realizing some saving because they can't recognize up-front savings versus amortized savings.
\\\And really, it would be a hulking ton of money that would convince me to drive an hour each way to work. That's 1/8 of your day--being in a dangerous metal box engaged in a pissing match with the other drivers.
 
2013-08-26 12:27:43 PM  

teylix: wrestler79: Depending on the state you live in Federal state and local taxes can add as much as .50/gallon to your cost. The government makes way more per gallon of gas than the "evil" oil companies ever thought of.
http://www.gaspricewatch.com/web_gas_taxes.php

Let me know when the oil companies start repairing roads and building bridges.


No they only provide good paying jobs to citizens of this country and exceptional health insurance. Get a life you sorry tools.
 
2013-08-26 01:01:38 PM  
I have wondered about the price of oil around the country, in Seattle we get our oil from Alaska and Canada, neither of which are at war with anyone, well except for Sarah Palin's husband cessationist party.   Shouldn't our gas be a whole lot less than on the East coast where the oil comes from places with lots of wars? (Canada, Texas, Gulf of Mexico, Mexico, Venesuala)

why?
 
2013-08-26 02:47:53 PM  

madgordy: I have wondered about the price of oil around the country, in Seattle we get our oil from Alaska and Canada, neither of which are at war with anyone, well except for Sarah Palin's husband cessationist party.   Shouldn't our gas be a whole lot less than on the East coast where the oil comes from places with lots of wars? (Canada, Texas, Gulf of Mexico, Mexico, Venesuala)

why?


dilbert.com
 
2013-08-26 03:48:05 PM  
That 0.0001 cent drop makes all the difference in the world!
 
2013-08-26 05:23:11 PM  
$3.00 more than it should be
 
2013-08-26 06:03:17 PM  

Rapmaster2000: Gas is always the highest it's ever been in history according to some people.  I don't understand why that is.


In the 1990s it was the cheapest its ever been when adjusted for inflation.
 
2013-08-26 11:14:25 PM  

leonel: That 0.0001 cent drop makes all the difference in the world!



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