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Old 09-26-2011, 01:30 PM   #1
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What is the price of gas where your are?

Just watched the price in NE Ohio fall to $3.18 from $3.50 plus in the last week or so.

Wondering if this is a national trend...
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Old 09-26-2011, 01:32 PM   #2
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Might even be an international trend. I saw the gas drop by 3 cents per litre last week in Nova Scotia. Don't worry, it will go up much quicker.
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Old 09-26-2011, 01:43 PM   #3
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Old 09-26-2011, 02:06 PM   #4
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Gas in Bay Area, CA

You folks are lucky it is so low; I just put some in my car last week & paid $4.15 / gal for regular. Premium is $4.35 / gal. FYI: On the water here gas is $5.75 / gal.
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Old 09-26-2011, 02:26 PM   #5
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Quote:
Originally Posted by Celicabob
You folks are lucky it is so low; I just put some in my car last week & paid $4.15 / gal for regular. Premium is $4.35 / gal. FYI: On the water here gas is $5.75 / gal.
Where is here?

The price of marine fuel is always higher, do not know why they do not use the money to pave the water. It should be cheaper.
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Old 09-26-2011, 03:00 PM   #6
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Quote:
Originally Posted by buzzards27 View Post
Where is here?
if you look above his post, it says "Gas in Bay Area, Ca".
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Old 09-26-2011, 03:03 PM   #7
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Not on my phone. I guess smart phones do not do everything... LOL
Quote:
Originally Posted by bikendan

if you look above his post, it says "Gas in Bay Area, Ca".
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Old 09-26-2011, 03:23 PM   #8
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$3.18 here in E. Tennessee (exit 52 on I40)
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Old 09-26-2011, 03:31 PM   #9
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$3.39 in SE Wisconsin. Lower than a month ago but 70 cents higher than this time last year.

Diesel is $3.79.
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Old 09-26-2011, 03:33 PM   #10
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My opinion? Wholesale gasoline prices are down about 35 cents in the last 3 weeks. They fell a lot last Thursday when many of the commodity speculators cashed in to cover losses in the US stock markets. (Gold and Silver saw similar downward pressures for the same reason). See for yourself: RBCV1 - Stock Quote for NY RBOB OCT1 - RBCV1 Stock price - real time stock quote for NY RBOB OCT1

If these wholsale prices stabilize--which they apear to be doing over the last three trading days--middle America should eventually see prices in the low $3 range. $3.18 is about right. Of course, the big cities will be higher than that.

It is still in the low $3.40/gal range here in Colorado, but I am seeing a slow downward trend. In practice, most retailers will resist the urge to reduce their prices until they see sales disappear to the neighboring competition. Once a local market reaches that tipping point, retail price reductions can be rapid. Based on other post, it sounds like a tipping point has been reached in some local markets across the nation, but not all.
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