Gas Prices

2.71 here in NNY , pd 2.53 today in Watertown , gas up here is ALWAYS higher than downstate

Yesterday: 2.57 at Exit 19 I-87 and 2.71 at Exit 26.

$2.43 @ South Glens Falls Hess.

Paid 2.19 in New Orleans on Saturday...Credit Card to boot

1.95 for regular today in Paramus, NJ

$1.99 here.

Nationwide average of $2.44 is lowest Labor Day Weekend price since 2004.

Lowest I've seen yet.

76,000 jobs lost as of last July.
I have several friends in the industry - or who were. Mostly on the exploration side. Production at the wells that don't need expensive enhancement techniques are still going strong.

In seeing the Russians now in the fray part of me wonders if this is not an attempt to re-stabilize the middle east so that the big producing states can go back to business as usual and Russia can regain it's energy markets and therefore it's influence over Europe. Also, Iran has warned OPEC that once they close on Box-O-Rock's sanction deal they will double production and exports. This may not actually happen because of the low cost of crude, but the statement is out there.

Other factors, the cost of developing shale oil now has come down dramatically, it is not just about as cheap to develop a shale oil well as it is a conventional well. Statoil has greatly lowered their exploration costs for these kinds of wells.

Right now we are awash in oil and OPEC has lost control over the market.

Here in Montana, three retailers control the market.
2.45 today........prices slow to fall, but quickly rise in tight markets.
Good ol boy economics, harvest fat margins.

$1.85 for regular in Ramsey, NJ, today.

Was 2.51 in Lake Placid today , i filled up at home along the St Lawrence beforehand at 2.38

Difference are due to county taxes and the cost of transport for the fuel.  

$2.23 in East Burke VT. today. State has a lot to do with it.

Just saw $1.79 at a place that isn't nearly the cheapest around.  I'm thinking there might be $1.60 somewhere.

I was in Glens Falls on Sunday, saw $2.01

#thanksobama

Some of my regular spots are showing 1.69 for rug credit and 1.63 for rug cash. Another place I pass has diesel for 1.69. The lowest is in Edison, NJ - a Raceway has rug for 1.47.

Obama! Obama! Obama!  

In Dutchess Co. rug cash price is $2.06.  

I pumped $70 worth of gas Sunday night and paid $13, or about $.38 per gallon!  Lots of Stop & Shop points....

I'm still watching this bet, made last January:

x10003q wrote

They will pump all they can at current prices and this will force prices
down.

scottyjack wrote

Six pack of good beer the next prez and SOS will figure a way to get oil
price per barrel over 60 in less than 18 months

You got it. There is already talk that OPEC members are breaking the
agreement.

Did it just go over $60 today?