Still Hold off buying gas
June 11th, 2009 at 2:45 am by Bill Steffen under Bill's Blog, Weather
The latest from Ed (at least I think it’s Ed): Thursday, June 11, 2009, 1:15PM: “The extreme price jumps in the Chicago market continue to sort themselves out, and this report indicates that while NYMEX has been climbing (follow the UGA ETF for a quick read on that), Chicago wholesale prices have been falling. So, using a $2.07 NYMEX/Chicago wholesale price, I calculate a range of $2.61-$2.82, which means I can comfortably predict that prices will continue to fall into next week, at least to $2.69.” Bill says: I’m down to about a quarter tank so I’ll try and hang on.
I see its close to 3.00 a gallon now in my area. I was looking forward to going to Florida to escape the cold weather this July but if gas goes up any higher than that I wont go. Last year it was over 4.00 a gallon steady till early October. I think the most I have ever seen was 4.20 a gallon and it was like $75 or more dollars sometimes to fill up my car.
Hey I guess we cant complain though. We had 1.99 from December to May so that was really nice.
Of course you can complain. We get pushed around with gas prices on a regular basis. There is no system in place to regulate or oversee the oil companies and how they operate. At any given time for any given reason they can jack the price up with no worry of any backlash except for fewer drivers at the pump. It’s a flawed system.
Don’t worry, Justin, Comrade Obama is going to fix all this for you. No one and no company will make more money than the federal government believes they deserve to make. From each according to his ability, to each according to his need. Has a nice ring to it, doesn’t it?
And, BTW Justin, the oil and gas industries are two of the most tightly regulated industries in this nation.
Do you have any facts regarding your statement about the oil and gas industry being highly regulated – in the financial sense of course – not regarding regulation related to safety/environmental issues. I believe that is what is being discussed.
You can suck on the straw in a full class of milk and soon come to the bottom were the milk is gone. This is no different than sucking the oil out of the ground that has 100 straw sucking consumers. The closer the oil gets to the bottom the more costly it will become.
I thought republicans were all for free market?
Your car needs gas, you fill it up, you get where you are going.
I don’t even look at the cost, why bother? If you need to use a car, it’s the cost of operating it, just like insurance, repairs, road taxes, tolls, and more.
If you need to drive locally, are you going to go to work less frequently, or not go to the grocery store?
If you need to economize by reducing trips, then just do it all the time, why wait for certain gas prices?
Look at the cost when/if you’re planning a long trip, otherwise it’s an insignificant part of one’s budget unless your commute is unreasonable (change it), or you drive around too much (stop). If your “escape to Florida” is critically dependent on gas prices, maybe you can’t afford it in the first place.
An applicable quote from Dean Koontz: “You can see everything you need to know about life in 1 square mile of the Earth, no matter where it is,” says Koontz. “Everything you need to know, everything you need to think about and work your way through is going to happen in life, anyway, no matter where you are”
Save your self the stress, and just drive already.
Amen!
wow. a sensible comment.
That’s called “fatalism”. I wonder if the Polish Jews looked at life like that in 1938.
I wish my van ran on milk…
I dont remember there being a grand canyon in Marshall, mountains in Kinderhook, an ocean in Reading, or the Statue of Liberty in Quincy.
If I have to stay in one square mile. You should live in a box without holes.
I have been around the world more than once. There are things we should see no matter the cost! If you live in 1 sq. mi. or never leave the farm. You are one SAD person! For God sakes get out!
There is more than enough oil on this planet to last beyond our lifetime. Any other business would be shutdown for that type of price gouging and variation. Imagine if everyone operated this way…..today I’ll charge this much, but in a couple hours I’ll jack my price up 20%, then maybe up another 20%, then down 10% for a couple days, and so on, there would be no consistency and everything from groceries to parts to services and shipping would be so undependable our economy would crash even more (if that’s even possible).
LOVE THE INDY 500!!!
Our homestead has been developed by US as that haven to enjoy (by our choice; their are those who have second homes “Up-North”. I have no problem with that; we choose to stay home and enjoy). We will continue to enjoy our surroundings and use minimal amounts of overpriced gasoline.
Yes there are places to go and places to see. We will continue our “Staycation” until things improve (I AM NOT EXPECTING AN IMPROVEMENT FOR A ALOONGGGGG TIME)!
One thing I know…..we hve internet at this location, as long as we can pay the bill.
BTW-I love this “global warming”; it is comfortable.
there NOT their – public education.
Wow – good thing people around here are not petty. At least they put their response in a complete sentence. Hump – private education.
Bill, you’re correct. There are two authors now on the site, Ed A. (the GVSU prof) and the newer guy, Bill Eby from the Indy area.
I’m now with GasBuddy!
Great discussions and comments on this blog.
Wondering if I should fill up today or Sunday going on a road trip and would love to get the best price possiable.