What the Heck ??

[Colonialgirl]

Gasoline prices here in my area of Florida just took a $0.14/gal jump over night; Prices were $1.85 a gallon yesterday and today EVERYBODY is up to $1.99 a gallon; Are they ALL buying from the same supplier or do they all belong too some coalition of GREED?

 

[Pat-inCO]

Are they ALL buying from the same supplier or do they all belong
too some coalition of GREED?

The latter, and for the last fifty years!

 

[fiasconva]

Once the states started opening up and people started driving more prices jumped up. They'll continue it for a while now.

 

[contender]

Demand went way down,, so the prices fell. Demand is up,, and the prices follow. Gotta make sure the stockholders get their profits.

 

[Fox Mike]

Demand went way down,, so the prices fell. Demand is up,, and the prices follow. Gotta make sure the stockholders get their profits.

Buy lots of gas. I need the dividends from my stocks. Last quarter they bought me a pistol.

 

[Johnnu2]

In my town, the cost of a gallon of regular (87) is $2.69; one town over it's over $3.00 for the same gallon.
God Bless the state of Florida.... you folks are doin' good in my humble opinion...
J.

 

[Rick Courtright]

Buy lots of gas. I need the dividends from my stocks. Last quarter they bought me a pistol.

Hi,

That "evil corporate greed" is pretty good stuff when a check arrives in the mailbox, isn't it?

Rick C

 

[Fox Mike]

Buy lots of gas. I need the dividends from my stocks. Last quarter they bought me a pistol.

Hi,

That "evil corporate greed" is pretty good stuff when a check arrives in the mailbox, isn't it?

Rick C

You betchum Red Rider.
Depending on where you go in my area. Got gas, for my lawn tractor, for $1.99. Directly across the street the price was $2.09.

 

[coach]

The gas station I usually use just jumped up 10 cents from $1.99. We knew it wouldn’t/couldn’t last forever. I did get a small rebate from my car insurance company since driving was down. The last time I paid $2.20 I was in college nearly 40 years ago.

 

[wolfsong]

I'm trying to figure out why #2 diesel is ,02 cents a gallon CHEAPER than regular unleaded. Diesel has been 30 to 40 cents more per gallon for years around here. I'm not complaining - I have a VW Jetta TDI - but I am curious.

 

[Bear Paw Jack]

Nothing different than it's always been. It's still goes back to supply and demand. Demand is creeping up, and so will the cost. Any retailer with half a brain bases cost on replacement cost. Supplier announces the new cost and everyone responds. It's still cheaper than it is here in Idaho. Capitalism is what built this country, and will rebuild the country, unless liberals win and they nationalize the oil companies and set the price for everyone. Supply won't be nearly available if that happens. Easy to complain. I bought a S&W 9mm this past year and noticed recently the current price is $100 higher. Wholesalers and retailers are having a tough time keeping inventory in stock, because of the demand. March was a record month, April was higher, and May was higher. You have to decide if you prefer capitalism or socialism. Every publicly traded company is required to make a profit for their stock holders. Frankly oil companies work on a very skinny margin, in real life.

 

[Bull Barrel]

Don't forget the increase in demand coincided with a hurricane approaching Louisiana.
Hurricanes always mean higher prices.
But the storm was way over hyped again.
Also, today's prices reflect the future markets.

 

[Colonialgirl]

Just STRANGE that they ALL are at the SAME PRICE; Before you could shop around and find lower prices at some brands/stations and NOW they are ALL at the same price and took the jump to current price at the same time.

 

[Pat-inCO]

... NOW they are ALL at the same price and took the jump to
current price at the same time.

Take a look around for Costco/Sam's.
At least around here they are from fifteen to twenty cents/gallon less. :wink:

 

[flyinfred]

They ALL went from $1.89 to $2.05 overnight here.......all of them. Did find a few tonight that had come down to $1.99 though.....

 

[GunnyGene]

Varies by about 25 cents around here. From 1.59 to 1.85. Generally cheapest in the black parts. Hmmm.

 

[Bear Paw Jack]

Gunny, What's your theory in that regard??

 

[dougader]

May 30 - $1.999
June 6 - $2.199
June 13 - $2.399

 

[sncup]

Colonial girl
Yes mostly they all buy from the same supplier. Here is how it works.

gasoline is produced at refineries, distributed via pipeline, and delivered by semi-truck.

There are a very limited # of refineries, and no new ones have been built in years.
This US energy website says NO refineries in Florida or Georgia, 3 in Alabama
https://www.eia.gov/dnav/pet/pet_pnp_cap1_dcu_SAL_a.htm


Pipelines take years to put in place facing many environmental and regulatory challenges.

Trucks The largest road tankers in the US can deliver just under 12,000 gallons of fuel.

A gas station's fuel storage tank ranges from around 12,000 gallons to 24,000 gallons of each 87 and 91 octane per station, not per pump
A typical arrangement would have one tank dedicated to regular unleaded, while the other tank would be partitioned internally and hold both premium gasoline and diesel.
The 2 x 20k tank arrangement has adequate inventory to last between deliveries, and plenty of capacity to take in full truck loads. (Full loads are essential for minimizing trucking costs.)

 

[GunnyGene]

Gunny, What's your theory in that regard??

No theory, just an observation.

 

[Bear Paw Jack]

If you are concerned with prices now, just wait. I understand BP is cutting 10,000 employees. They have taken a $13 - $17 Billion hit. That's huge for any company. I hate seeing that many people losing their jobs, but it could reduce supplies, which in turn will result in prices going up.

 

[bobski]

I remember when diesel was the cheaper alternative to gas back in the 60's.

remember when gas stations pumped (white) gas just like all the rest?