Gas Prices???

[Chris_in_SoCal]

I’m tdy near San Francisco and saw $7.xx at one gas station. I almost threw up

Since you are TDY near San Fransisco I hope you made sure to keep the poop map on your phone. You never know.

 

[SmokingUPnorth]

Since you are TDY near San Fransisco I hope you made sure to keep the poop map on your phone. You never know.

Should even ask what that is

 

[texomakid]

Some of that depends on the delivery , and if the price went up or down with the next load compared to what's already in the ground .

Not sure how it's done in other areas but gasoline prices change in my area as the market changes, not affected by delivery or loads received. If the markets drop they will slooooooowly drop but if the market goes up those prices will jump like a cat in a bath tub of hot water! With this last drop in crude it finally dropped to $2.31 (and I filled up) but just a little increase in the markets and the next day it was $2.59. The fuel market has a lot of caveats.

 

[chopsaw]

in my area as the market changes, not affected by delivery or loads received.

So if they have gas in the ground that they paid $4.00 a gallon for , and the market goes to $2.50 a gallon , they sell $4.00 a gallon gas for $2.50 ?
I bet they don't . Maybe it's different now , but when I worked in a full service gas station , you changed that sign as soon as the new load hit the ground .

Maybe it's a factor of when the retailer pays for the load . When I was working there , he paid up front , and he owned what was in the ground . That was a Texaco station .
I remember Amoco paid after the fuel was sold . So I could see the market controlling the pricing .

 

[texomakid]

So if they have gas in the ground that they paid $4.00 a gallon for , and the market goes to $2.50 a gallon , they sell $4.00 a gallon gas for $2.50 ?
I bet they don't . Maybe it's different now , but when I worked in a full service gas station , you changed that sign as soon as the new load hit the ground .

Maybe it's a factor of when the retailer pays for the load . When I was working there , he paid up front , and he owned what was in the ground . That was a Texaco station .
I remember Amoco paid after the fuel was sold . So I could see the market controlling the pricing .

Yeah I'm familiar with rack pricing from my work in the drilling industry. I was under the impression that retail fluctuations were based on market and that would include daily changes regardless of delivery. It would be hard to keep up with large price swings if your a retailer paying rack prices but I guess they figure it out.

On another note, One of the biggest things nobody notices? Gas is priced by 9/10 of a gallon, not a whole gallon. That is something that's always made me scratch my head. Deceptive marketing by the oil industry.

 

[Jim_C]

Yeah I'm familiar with rack pricing from my work in the drilling industry. I was under the impression that retail fluctuations were based on market and that would include daily changes regardless of delivery. It would be hard to keep up with large price swings if your a retailer paying rack prices but I guess they figure it out.

On another note, One of the biggest things nobody notices? Gas is priced by 9/10 of a gallon, not a whole gallon. That is something that's always made me scratch my head. Deceptive marketing by the oil industry.

I always got a kick out of the 9/10 pricing myself. The wife always rounds down and I always round up. Makes for a chuckle in the car. Kinda like a house selling for 299,950.

We see market pricing at work here in the SF Bay Area. The Chevron one mile from my house, and maybe 10 miles from the refinery, is often 30-40 cents more expensive than the Chevron on the coast in Half Moon Bay, which is 55 miles away. The only time I see the Chevron here drop it's price is when the AM/PM across the street gets to be more than 90 cents cheaper. Then the Chevron may drop the price 10 cents or so.