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Featured Gasoline Prices Retreat

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by bwilson4web, Jan 31, 2017.

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  1. bwilson4web

    bwilson4web BMW i3 and Model 3

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    One common theme has been the importance of gasoline prices in helping buyers go green with efficient cars and trucks. So this article bears reading and thinking about: After Steady December Climb, Gasoline Prices Retreat in January | TheDetroitBureau.com

    After climbing during the last month of 2016, the price of gasoline has retreated for the past three weeks, dropping to $2.27 per gallon, which is down four cents per gallon from a week earlier, according to the survey by AAA.

    AAA said the growth in the number of U.S. oil rigs and the increased drilling it implies are raising expectations for a climb in domestic oil production.

    Meanwhile, increased U.S. crude oil production and reduced demand has exerted pressure on the national average price at the pump, which has fallen for 21 consecutive days, AAA said.
    . . .    ​

    Even though OPEC wants more for oil, current domestic oil provides a buffer to mitigate USA prices. We haven't tested the depth, yet. Long term, our planet does not make fossil fuels as fast as our species burns it up.

    Bob Wilson
     
    #1 bwilson4web, Jan 31, 2017
  2. ETC(SS)

    ETC(SS) The OTHER One Percenter.....

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    Even $2 gas is worth being frugal with.
     
    #2 ETC(SS), Jan 31, 2017
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  3. bisco

    bisco cookie crumbler

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    funny, it's up 10 cents here, since last week.
     
    #3 bisco, Feb 1, 2017
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  4. wjtracy

    wjtracy Senior Member

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    February is usually the low price point, I thought it was going to be much lower than it is now.
     
    #4 wjtracy, Feb 2, 2017
  5. Trollbait

    Trollbait It's a D&D thing

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    I think Saudi Arabia is cutting back on production.
     
    #5 Trollbait, Feb 2, 2017
  6. bisco

    bisco cookie crumbler

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    i can't wait to fill up in jersey next week. what is it, a buck fifty?
     
    #6 bisco, Feb 2, 2017
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  7. El Dobro

    El Dobro A Member

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    The cheapest in NJ is $2.07 for RUG, by me $2.13. Don't forget, we had a tax increase.
     
    #7 El Dobro, Feb 2, 2017
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  8. Trollbait

    Trollbait It's a D&D thing

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    Central and northern Jersey was $2.35 cheapest I saw last week. That was the cash price, credit will add about 10 cents a gallon.
     
    #8 Trollbait, Feb 2, 2017
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  9. iplug

    iplug Senior Member

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    It's all about economics/cost, not so much a question of the physics of oil extraction and the absolute amount of oil in the earth's crust.

    Economics ensures that we will never run out of oil, rather that we will taper off extraction when it is simply too expensive to do so compared to alternatives.
     
    #9 iplug, Feb 2, 2017
  10. Neohippy

    Neohippy Active Member

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    I have seen $2.08 here in Florida. I won't ever forget when I had a Toyota Tundra when gas prices were close to $5 and I was paying $80-90 a week in gas. It's nice to not have to worry about gas prices when you have a Prius.
     
    #10 Neohippy, Feb 2, 2017
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  11. Prodigyplace

    Prodigyplace 2025 Camry XLE FWD

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    True, but the Tundra hauls more. I still have my 2000 Tundra 2WD Extended Cab for my main hauling duties.
     
    #11 Prodigyplace, Feb 2, 2017
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  12. wjtracy

    wjtracy Senior Member

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    Cheap gas is all over in NJ with a huge gaso tax increase.
    NJ has swtiched from dark green to orange/yellow in the GasBuddy heat map.
    That pus Virginia among the lowest gaso taxes.
    However, North VA is a bit higher gaso tax and we have RFG and we seem to have higher profit margin for the purpose of matching DC/MD/NoVA prices. But I am getting $2.05 - 2.15 with a lucky price war in my neighborhood.

    USA National Gas Price Heat Map - GasBuddy.com
     
    #12 wjtracy, Feb 2, 2017
    Last edited: Feb 2, 2017
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  13. bisco

    bisco cookie crumbler

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    dang, we're at $2.20, that takes all the fun out of driving through jersey!:p
     
    #13 bisco, Feb 2, 2017
  14. Prodigyplace

    Prodigyplace 2025 Camry XLE FWD

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    Come down here then. $2.05 :D
     
    #14 Prodigyplace, Feb 2, 2017
  15. bisco

    bisco cookie crumbler

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    not sure i can make it that far. i'll have to re look at our mileages. we usually stop on the jersey turnpike and south carolina.
     
    #15 bisco, Feb 2, 2017
  16. Prodigyplace

    Prodigyplace 2025 Camry XLE FWD

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    You would probably come through when I am at work anyway. :(
     
    #16 Prodigyplace, Feb 2, 2017
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  17. bisco

    bisco cookie crumbler

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    we're road warriors anyway. pull in late to fredericksburg, and leave early for savannah. that's why tesla doesn't work for us, yet.
     
    #17 bisco, Feb 2, 2017
  18. ETC(SS)

    ETC(SS) The OTHER One Percenter.....

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    Pedro's?
     
    #18 ETC(SS), Feb 2, 2017
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  19. bisco

    bisco cookie crumbler

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    no, closer to geogia. but pedro's is a funny place, with funny billboards. big landmark, but i'm afraid to go in there, it always looks closed. i wonder if weekends are busy?
     
    #19 bisco, Feb 2, 2017
  20. Prodigyplace

    Prodigyplace 2025 Camry XLE FWD

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    [​IMG]
     
    #20 Prodigyplace, Feb 2, 2017
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