Looks like gas stations are resistant to hitting the $4 point

[miri]

Gas prices went up to about $3.99 about a month ago. The cheaper gas stations were around $3.89 at the time. Gas has not hit $4 and you can tell gas is going up because the cheaper gas stations are around $3.95 now. I actually feel sorry for them because I know they make very little on gas and holding out at $3.99 is probably close to cost for many of them.

 

[Corporate Thug]

i don't share the same sympathy

 

[jaqie]

Now it's about as expensive as milk. Not surprising, really. I'm surprised it hasn't happened sooner considering all of the processing it has to go through.

 

[RichardE]

Heh, funny how we all called McOwen crazy for predicting 5$/Gallon.

 

[nakedfrog]

And just a couple years ago one grocery store or another would always have milk on sale for $1.99 per gallon... best sale price I've seen recently is $2.46, with ~3.70 being the norm.

 

[jaqie]

Everything is reliant on oil right now, more or less, including the distribution and processing of milk, so expect all food to go up soon as well.

 

[Kyteland]

We hit that about a month ago in Chicago. It's usually a $0.20 gap between regular and premium, but when premium hit $3.99 it stuck there. At one point you could get premium for the same price as regular, $3.99. As soon as regular hit $4 it went back to the $0.20 gap.

 

[vhx]

Mmm results of dwindling dollar and cut gas production.

 

[FDF12389]

I don't feel sorry for them, they should know how do deal with it.

 

[Matilda]

just think of it as helping exxon-mobil reach their goal of posting their highest profits ever (only got second-best last quarter!)

 

[nakedfrog]

Originally posted by: jaqie
Everything is reliant on oil right now, more or less, including the distribution and processing of milk, so expect all food to go up soon as well.

Yep. Dog food went up from $28 to $33 in the course of a month.

 

[gamepad]

Looks like Y2K is finally starting to take effect... Damn computers!

 

[xanis]

It's only a matter of time before they cave and it hits $4/gallon.

 

[CalvinHobbes]

You must mean regular because premium has been over $4 for a while here.

 

[hanoverphist]

Originally posted by: Corporate Thug
i don't share the same sympathy

ditto. if they buy their gas from another company, they pay higher pricing than that gas companies corp stores. their prices will naturally be higher. the fact that gas in your area is 3.99 and in my area its just topping out at 3.53 tells me that something is amiss across the board, since i doubt they are buying from better sources to get "cheaper" gas here. those stores generally make their bank off the convenience store sales and little off the gas sales itself i think, making that 4 dollar jump just a bargaining tool to get people to stop. if it goes over, you can almost guarantee that people will drive on by until most are over 4 bucks.

 

[Savarak]

lots of older stations can only go up to 3.99 without being revamped. they will soon sell in half gallons and just double the price when you check out

 

[RichardE]

Originally posted by: hanoverphist

Originally posted by: Corporate Thug
i don't share the same sympathy

ditto. if they buy their gas from another company, they pay higher pricing than that gas companies corp stores. their prices will naturally be higher. the fact that gas in your area is 3.99 and in my area its just topping out at 3.53 tells me that something is amiss across the board, since i doubt they are buying from better sources to get "cheaper" gas here. those stores generally make their bank off the convenience store sales and little off the gas sales itself i think, making that 4 dollar jump just a bargaining tool to get people to stop. if it goes over, you can almost guarantee that people will drive on by until most are over 4 bucks.

AFAIK in Canada Gas stations make 1-2 cents a liter.

 

[Chiropteran]

Originally posted by: hanoverphist
the fact that gas in your area is 3.99 and in my area its just topping out at 3.53 tells me that something is amiss across the board

gas prices vary based on area and state

 

[PepePeru]

so, when the price of oil goes down will the price of food go back down?

I have my doubts.

 

[cHeeZeFacTory]

most of the stations are already above $4 here in south OC...

 

[videogames101]

Actually, here in NH, many of the older stations have old mechanical dials which only go up to 3.99, they can't even display $4! rofl

 

[jaqie]

Originally posted by: G Wizard
so, when the price of oil goes down . . . .

It ain't going back down.

 

[SKORPI0]

Reluctant, I don't think so. Gas just hit $4.05-$4.09 near me. :frown:

List

 

[krunchykrome]

Originally posted by: Corporate Thug
i don't share the same sympathy

The gas station business is struggling right now. They have no control over the situation; it's not their fault.

 

[JohnCU]

Originally posted by: RichardE
Heh, funny how we all called McOwen crazy for predicting 5$/Gallon.

uhhh didn't he predict drive for 5 like 2 years ago? i've never driven for 5, or even 4 yet.