its 90 cents/liter here.Passed by the gas station and it was 1.03/litre! It's been at least 10 years since it's been that cheap.
Is it illegal to store gas at home in 55 gallon drums?
Get it while you can, oil went up today so expect gas to jump real fast.
fuel with ethanol begins to separate into the gasoline and ethanol fractions after about 30 days and expires. I hope you aren't serious. I think there is some kind of additive that can stabilize it but I wouldn't really trust that the risk is worth the reward. You have to consider the price paid, the price in the future, combined with how long you can store it and how much its degraded.
Just buy it as you need it. Stocking up on gas is silly.
Yea just like you must've seen this drop coming and already had a stock of SUV's right? right?
Thank you Mr. 20/20 Hindsight.
"Ten Reasons Why a Severe Drop in Oil Prices is a Problem"
http://ourfiniteworld.com/2014/12/07/ten-reasons-why-a-severe-drop-in-oil-prices-is-a-problem/
Get it while you can, oil went up today so expect gas to jump real fast.
It's down to $2.49 a gallon (cash price) where I live... and we're pretty well known for having some of the highest gas prices in the country outside of California or Hawaii.
Love how the SUV sales is up so much.. back to that American short term memory. Prices will be like this forever now!!
I don't remember if it was here or another board, but someone pointed out that SUVs now are increasingly hybrid and high milage SUVs. The cycle of low gas price = people buy trucks and SUVs, high has price = people buy geo prisms is nothing new, but now the whole fleet has much higher milage across the board.
I heard on the radio this morning that some government agency projected an average gas savings of $500 per driver this year. That is going to be an enormous boost to the economy.
Oh and since all that extra money is coming from lower prices, inflation actually went down, which means the fed is just going to leave interest rates where they are.
The news hasn't been this good in a while.
Unless you're in Russia
And i saw that new York banned fracking yesterday. Sucks for you.Would someone please give gas stations in NYC the memo that gas prices fell a little bit? Still over $3 gallon here in a LOT of places.
"Ten Reasons Why a Severe Drop in Oil Prices is a Problem"
http://ourfiniteworld.com/2014/12/07/ten-reasons-why-a-severe-drop-in-oil-prices-is-a-problem/
I dont know what 1.03/L means, but I paid 2.81 a gallon today and was extremely pleased. Havent seen it that low in many moons.
Low gas prices appear to be great until you take a good, long look at your finances. Sure, I am saving about $10 a week on filling up my gas tank ... but I do not see the price of goods transported using these fuels going down. Also, if you are an investor you've realized a pretty large investment loss to you bottom line in the last few weeks. The uncertanty being caused by lower oil prices actually has had a negative (apparent) effect on me and my finances.
Truth be told I wish the price of oil would stop plumeting and stabilize somewhere around $60 a barrel to help calm things down. Still waiting for some actual GOOD things to come from falling oil ...