They use any excuse to raise the price of gas.
Concerned that " supplies are not adequate to meet fourth quarter demands"
blah, blah, blah
crock of shiat! :idea:
They use any excuse to raise the price of gas.
I don't see a problem (http://finance.google.com/finance?client=ob&q=FSTEX)?
Thanks
CA Stu
I got the awnser....Mr Fusion
Fuel usage has changed less than 1/10 of a percent since the price increases over the past two years. The price will continue up as long as consumption stays strong.
I thought I saw the price at Sundance had gone up a dime in one day last nite?? $2.67 for 87 oct. and then the f---ing really begins, no more dime a grade price difference, now its more like $.30-.40-.50 cents more for the higher octanes NSF
I don't see a problem (http://finance.google.com/finance?client=ob&q=FSTEX)?
Thanks
CA Stu
Would have been a great buy feb 27th 2004!
Fuel usage has changed less than 1/10 of a percent since the price increases over the past two years. The price will continue up as long as consumption stays strong.
You got that right. They have us by the balls.
I performed some simple analysis of crude prices vs. retail gas prices.
I plotted approx. 14 months worth of crude and average Cal. retail gas prices and compared the plots.
Overall, it looks like a pretty tight fit at first glance.
On Friday I am going to try and come up with a model in Excel that will predict gas prices based on crude prices on a given day - of course there is some lag time so it might be difficult.
One thing I seemed to notice in the data: The larger the change (in $$) over a short period of time in crude prices, the greater the lag time in price change for the retail market. So I would not expect the recent run up in crude oil prices to show up at the pumps for another month or so. On the other hand, the retail gas market seems to be in step with crude oil prices when the price of crude is relatively stable.
I heard on the news yesterday that it was at $90 a barrel.
Yikes