Its been 450 in west michigan.. I can barly afford to drive my 1st gen gs300. Think ima be forced to sell to get something better on gas

 

Don't do it. Change your driving habits and evaluate how frequently you drive. Look to see if there's any modifications you can do to your car to improve MPG - weight reduction, chip tune, that sort of thing.

I have nothing against economical cars, but I don't think people should just automatically trade the cars they love for ecoboxes if they don't truly need to.

 

Finally saw a drop today......from $4.59 ---> $4.53......oil stock were down 10% & we gets a 1.3% reduce.....good job BP/Exxon

 

Not seeing any drop so far in northern CA, so far.

 

We had a drop here in NoVA a few days ago, then a big jump back up yesterday to $4.24. Doesn't make sense, with falling crude-prices.

Fortunately, I got a 20 cents a gallon discount with my grocery-card points. Still cost me $44 to gas up....the most I've ever paid.

 

Premium has been at $4.10 for 93 for the past week or so with no change, also curious how with the fall in crude prices, gas prices aren't changing. The second crude goes up though, gas follows, interesting how the trend is the same in reverse.

 

Remember that there's a long lag time from changes in crude prices to changes at the pump. Takes a while between coming out of the ground, being refined, and then trucked to gas stations.

No drop from the peak price in my area as well.

 

Gas is $4.43 for Regular in Pasadena, CA. It's been staying at that price for about a week or two, I think.

 

http://www.miamiherald.com/2011/05/1...ation-for.html

 

crude is bouncing a little:

 

$44...thats less than half a tank for me. Actually its a little more than 1/4.

 

in Brooklyn NY the gas is 4.4X (super) and its been like that for a while now.

Its funny that when the cost of oil jumps, the prices at the pump immediately follow. But when the price of oil falls, it takes months for them to change at the pump

 

Since this is the most likely case, I'm going to go and say something that "Och" would probably say:

We should hang those individuals on wallstreet and let supply and demand dictate the cost. Please correct me if I'm wrong.

 

WASHINGTON (Reuters) - The head of Exxon Mobil (XOM.N) stopped short of blaming speculators for the run-up in oil prices, but he told Congress on Thursday that based only on the fundamentals of supply and demand, the price of oil should be in the range of $60 to $70 a barrel.

"When we look at it, it's going to be somewhere in the $60 to $70 range if you said: 'If I had access to the next marketable barrel, what would it cost?" Exxon's CEO and Chairman Rex Tillerson told the Senate Finance Committee in response to a question about the influence of speculators on high oil prices.





To go with what I said back before the oil crash last time and several times after, supply and demand is not the cause here. Gas eating suv's are not the problem, just as higher MPG cars are not the answer to lower gas prices.....

 

You beat me to it. $60 a barrel, wasn't that like back in 2006 or something?