Was it just me or did I see gas for $1.88?
It was $1.89 at a station across the street so I was not seeing double.
This was on Woodward near Clairmont... Any other sitings of this?
Was it just me or did I see gas for $1.88?
It was $1.89 at a station across the street so I was not seeing double.
This was on Woodward near Clairmont... Any other sitings of this?
Last edited by Zacha341; March-16-20 at 05:17 PM.
Yeah, but who needs it? LOL.. I wouldn't be surprised to see it under $1.50 in the next few weeks.
Wonder why it's always cheaper in the city? Out in the burbs, lowest I saw was 2.20 a gallon.
Closer to the refiners it is cheaper from my experience, in say in Dearborn, Southgate.
Troy or Novi, Rochester gas is higher, starting with higher prices in Southfield.
RBOB Wholesale Gas Prices have collapsed to under $0.80/gallon.
So prices at the pump have quite a bit of falling to do yet, at least until it's time for the Summer blend...
I truly hope that the, uh... public health issue doesn't lead to spiking gas prices in the months to come [[historically already poised to go up for Memorial Day, 4th of July weekend, etc.). We'll see. hoping for the best.
1.65 costco on 11 mile
I hope gas prices double asap. Spiking gas prices will only occur when things are returning to normal.
Gas prices are tied pretty close to demand. They bump up a bit, as you point out, when people typically go on long road trips. They also bump up when refineries have to switch over to summer/winter blends.
As of late, OPEC tried restraining supply, but it failed miserably, with most large producers saying they are going to keep pumping full-tilt. Now you have severe restrictions on air travel, a lot of people not driving in to work everyday, so demand is collapsing as well.
So, basic economics - supply is staying high while demand is falling. Prices go down. They are probably going to go down quite a bit.
Boy, that would be a trip if it, dropped to below a buck a gallon. That's what it was when I first started driving.
I heard there's a possibility gasoline could drop below the price of crude.
At that point I imagine everything from the refiners upsteam would shut down until the gas glut subsided.
It won't last.
I think we've hit a new low...
Last edited by Honky Tonk; March-18-20 at 02:15 AM.
I thought they only made .02-.03 a gallon!?
On average they do. They buy off the truck for ~$1.80/gallon, then sell it for $1.82. Sometimes they can eek out a few more cents per gallon, but not much more.
They make more selling a single bottle of coke or a cup of coffee than filling a tank of gas.
If this keeps up, I'm going to buy a can of Arizona green tea after my next fill-up!
Still a buck higher here in Nevada. Buck fifty higher in goofy CA.
How low can it go?
Send some south,we are at $1.99 reg and $2.69 high test.
About the time it hits .99 everybody will be on lock down and not able to drive anyways.
Costco - $1.55 this afternoon
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