Gas War

[Ken King]

Is there a gas war going on? This morning going through Leonardtown the prices were in the $1.85 range. In Callaway the quickstop was at $1.78 and on the A&W Rootbeer side it was $1.72. At the intersection of Greatmills Rd and Rt. 5 the Sheetz was charging $1.63 and then the Wawa in Greatmills was charging $1.61.

Are prices dropping significantly or is some form of competition taking place?

 

[SamSpade]

*Oil* prices are dropping, but not quite that much. It might also be coinciding with the end of summer, when gas usage drops a little.

 

[HollowSoul]

call me old but i can remember when i turned 16 gas was only .25cents

 

[Ken King]

call me old but i can remember when i turned 16 gas was only .25cents

Well I take it the information in your profile isn't quite right or you were living around the Alaskan pipeline because I don't think there was anywhere stateside that had gas that cheap in 1987 (some of us do read).

 

[SamSpade]

Last time I remember gas being that cheap was in the 60's. I can remember sitting in the back seat of our station wagon, and observing that we got about 3 gallons for a dollar (it was 31 cents a gallon). It went up to a whopping 60 some cents a gallon during the first oil embargo.

 

[mAlice]

Hey, Ken! Thanks. FB's on his way to fill up the RV.

 

[RoseRed]

Hey, Ken! Thanks.

I need to fill up too!

 

[Ken King]

Hey, Ken! Thanks. FB's on his way to fill up the RV.

YW. I just called the wife and told her and the daughter to get the rest of the vehicles down there today. No telling how long it will last (or the hell I will catch this evening for waking her up).

 

[Kizzy]

Well gezz Elaine, he made that easy.

 

[mAlice]

There'll be a line at the pumps by 8:00.

 

[Pete]

I filled the truck this morning at it was only $35 I cannot remember the last time it was less than $40. WAWA $1.619

 

[sleuth]

Well I take it the information in your profile isn't quite right or you were living around the Alaskan pipeline because I don't think there was anywhere stateside that had gas that cheap in 1987 (some of us do read).

You ain't much older than me... when I turned 16, gas was about $1 per gallon.

 

[Penn]

*Oil* prices are dropping, but not quite that much. It might also be coinciding with the end of summer, when gas usage drops a little.

You might very well be right, Sam. Sad as it may sound, I think expectation in consumer spending, ie., buying gas for those summer vacations/trips, drive the price of gas up.

Now that summer is almost gone, folks are winding down on their travel.

Of course, when it starts to get chilly out there, expectations on consumer spending starts to rise anew - but for a different reason - heating costs!

One big happy cycle, ain't it?

 

[HollowSoul]

Well I take it the information in your profile isn't quite right or you were living around the Alaskan pipeline because I don't think there was anywhere stateside that had gas that cheap in 1987 (some of us do read).

actually yes in 87 in norborne missouri with the population of just over 800 at the casey's general store the price of gas was .25...(and thanx for the hit of karma)..

 

[duzzey1]

Well I take it the information in your profile isn't quite right or you were living around the Alaskan pipeline because I don't think there was anywhere stateside that had gas that cheap in 1987 (some of us do read).

\

 

[Ken King]

actually yes in 87 in norborne missouri with the population of just over 800 at the casey's general store the price of gas was .25...(and thanx for the hit of karma)..

Well, I hadn't given you any karma as of yet, but I guess I will now.

 

[HollowSoul]

Well, I hadn't given you any karma as of yet, but I guess I will now.

i was referring to whomever gave me the hit

 

[SamSpade]

You might very well be right, Sam. Sad as it may sound, I think expectation in consumer spending, ie., buying gas for those summer vacations/trips, drive the price of gas up.

Now that summer is almost gone, folks are winding down on their travel.

Of course, when it starts to get chilly out there, expectations on consumer spending starts to rise anew - but for a different reason - heating costs!

One big happy cycle, ain't it?

What's wrong with gas prices following supply and demand? Demand goes up, price go up. Nothing wrong with that, unless you're a Democrat and think businesses should lose money to give people what they want.

 

[sleuth]

Nothin' wrong with it...
I have conspiracy theories, though, about oil cartels and price-fixing.

 

[Penn]

Nothing wrong with that, unless you're a Democrat and think businesses should lose money to give people what they want.

Sam, wait, whoa, hold on there; do you, for one moment, think these petroleum companies are losing money?