Fill it up

[rogue06]

It's quite possible that gasoline will go DOWN in our area, as supply increases locally because it can't be pumped to the NE fast enough.

And other areas like out west and here probably won't get hit as hard but they'll still use it as an excuse to jack up the price even though those pipelines aren't affected.

[Cow Poke]

And other areas like out west and here probably won't get hit as hard but they'll still use it as an excuse to jack up the price even though those pipelines aren't affected.

Yeah, it always amazed me how fast the prices can go up because, for example, a skirmish in the Middle East (before we were energy independent) then now LONG it took after that conflict was over for the prices to normalize.

Never let a crisis go to waste.

[Sparko]

Biden should just go ahead and shut down that whole pipeline anyway and replace it with Green Jobs™

[KingsGambit]

I'm glad I filled up on Saturday night now.

[rogue06]

Yeah, it always amazed me how fast the prices can go up because, for example, a skirmish in the Middle East (before we were energy independent) then now LONG it took after that conflict was over for the prices to normalize.

Never let a crisis go to waste.

A friend of mine used to defend the rapid increases saying that they need to raise the funds to afford to buy more gas at the higher price.

Fine.

But then they should immediately drop the price because they won't need as much to buy more gas at the lower price.

[rogue06]

I'm glad I filled up on Saturday night now.

Kind of why I posted this. To give everyone here a chance to get some gas before you need to take out a second mortgage in order to do so.

[Cow Poke]

To a large extent, there's the "Toilet Paper Shortage" principle.

A) There's a reason to believe gas prices will increase
2) Lots of people rush to purchase gasoline before the increase
C) The sudden increase in demand lowers supply
IV) Gas prices are nudge higher
5) Prices increase
F) Goto A

[rogue06]

To a large extent, there's the "Toilet Paper Shortage" principle.

A) There's a reason to believe gas prices will increase
2) Lots of people rush to purchase gasoline before the increase
C) The sudden increase in demand lowers supply
IV) Gas prices are nudge higher
5) Prices increase
F) Goto A

Yeah. We literally having people filling their tanks and then topping it off when they get to work and again when they get back home.

[Stoic]

4.4 litres = 5.54/Imperial gallon.

4 litres = 5.04/American gallon.

All you need is a calculator (in my case), or a brain (which I'm pretty sure you have).

1.26 per liter * 3.78541 liters per us gallon = 4.77 per us gallon


If those are Canadian dollars, then you need to divide by 1.21 to get us dollars

4.77 / 1.21 = 3.94 us dollars per us gallon

[rogue06]

1.26 per liter * 3.78541 liters per us gallon = 4.77 per us gallon


If those are Canadian dollars, then you need to divide by 1.21 to get us dollars

4.77 / 1.21 = 3.94 us dollars per us gallon

The national average is currently $2.97 so we're effectively now only a dollar less a gallon than Canuckistan

[Sparko]

To a large extent, there's the "Toilet Paper Shortage" principle.

A) There's a reason to believe gas prices will increase
2) Lots of people rush to purchase gasoline before the increase
C) The sudden increase in demand lowers supply
IV) Gas prices are nudge higher
5) Prices increase
F) Goto A

Speaking of which. The higher wood prices are making toilet paper more expensive, which will lead to a new shortage as people try to buy it all up fast.

Rising wood prices are making your toilet paper more expensive


New York (CNN Business)Just when you thought you were in the clear to stock up on toilet paper again, wood pulp, the primary raw material used to make it, is getting more expensive.


"We've never seen monthly price increases like this in the history of the business," said Brian McClay, a pulp industry analyst. "It's unheard of."

Prices for market pulp have jumped from $606 per metric ton in September to more than $907 per metric ton in April, McClay said.
https://www.cnn.com/2021/05/07/busin...20pulp%20costs.

[Teallaura]

Yeah, it always amazed me how fast the prices can go up because, for example, a skirmish in the Middle East (before we were energy independent) then now LONG it took after that conflict was over for the prices to normalize.

Never let a crisis go to waste.

To be fair, the tanks in the ground have to fund the next delivery to the station. The prices are more about what the stations expect to be paying - and we don't notice as much when they lower prices below the tank recoupment cost.

And yes, unscrupulous stations do take advantage.

[rogue06]

EVERYTHING is shooting up in price. Restaurants and grocery stores are begging wholesalers to ship them their stock before food prices go up yet again. Even some liberal economists are predicting that we'll be facing inflation numbers like what we experienced under Carter (double digit inflation!) due to all the money the government is throwing around.

[rogue06]

To be fair, the tanks in the ground have to fund the next delivery to the station. The prices are more about what the stations expect to be paying - and we don't notice as much when they lower prices below the tank recoupment cost.

And yes, unscrupulous stations do take advantage.

Fine. When the price starts to drop then they can immediately start dropping the price at the pump because, after all, the prices are more about what the stations expect to be paying -- which will be less.

But has anyone ever seen that happening?

[Cow Poke]

To be fair, the tanks in the ground have to fund the next delivery to the station. The prices are more about what the stations expect to be paying - and we don't notice as much when they lower prices below the tank recoupment cost.

That's a bit oversimplified, because they also want to charge the most they can, keeping an eye on the other stations in town, because it's so easy for shoppers to compare prices.

I used to use GasBuddy quite a bit when I was traveling a lot for that purpose.

And yes, unscrupulous stations do take advantage.

I don't think there are nearly as many "stations" (as in independently owned or operated) so the pricing comes from corporate.