Soaring gas prices in Northern WI
- Thread starter LoveMyDobe
- Start date
It happened at $2, it happened at $3, and watch it happen again at $4. Remember when it hit $3 the first time? Lots of howling but nothing came of it and now it's the norm, heck $3 is a bargain today.
indy_500
Well-known member
This is what im talking about. Makes me sick to my stomach.
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garyl62
Active member
We'll see what happens but they say relief is in sight.
http://news.yahoo.com/analysts-midwest-drivers-see-lower-gas-prices-191625332.html
http://news.yahoo.com/analysts-midwest-drivers-see-lower-gas-prices-191625332.html
They said months ago that this summer would bring a relief to higher gas prices. WRONG!! Prices will probably do nothing but go up.
L
lenny
Guest
4.29 in da UP Greenland. I say revolution, string em all up. Although the diesel is 4.19. Been a while to see diesel lower than gas
garyl62
Active member
Not picking on ya Lenny, but I laughed at this since I think I remember paying more than that when I was filling my sled up this winter. Maybe not at Pat's, but I know it was $4.50 in CP.
If this keeps up, no one will be complaining about Poo 800's this winter.
Anyone familiar with when the govt allowed speculators to get involved in the oil markets? I don't think that's the whole problem, since the US is currently sitting on record inventories of oil and gas, but I'm curious. If you look at the chart posted above, it seems there was a general downward slope in the inflation adjusted price until W took over in early 2000's (excluding the "blip" in the early 80's). Particularly since about 04, it's been way off that slope. I know China, blah, blah, blah, but when we are sitting on record inventories, it just doesn't add up. Both parties are basically funded by Wall Street, so I'm curious to learn more about the role of speculation in the prices.
Anyone familiar with when the govt allowed speculators to get involved in the oil markets? I don't think that's the whole problem, since the US is currently sitting on record inventories of oil and gas, but I'm curious. If you look at the chart posted above, it seems there was a general downward slope in the inflation adjusted price until W took over in early 2000's (excluding the "blip" in the early 80's). Particularly since about 04, it's been way off that slope. I know China, blah, blah, blah, but when we are sitting on record inventories, it just doesn't add up. Both parties are basically funded by Wall Street, so I'm curious to learn more about the role of speculation in the prices.
I would not purchase gas in Chicago area crazy expensive there about $4.29. Needed gas on WI I90 north got off at Janesville was on E had to get gas. $4.17 right at I90 off ramp pizzed me off so went west for less than a mile came to 2 gas stations both @$3.99 per gallon. I refuse to get ripped off then raped look around for better deal if you can.
bearrassler
Well-known member
Gas in ND and NW MN peaked around Memorial Day, in Grand Forks it was 4.29 and now it is 3.89 at most stations. They say it is still going to go down some more but it sure is going slowly. They always seem to have excuses when the price goes up, usually with some refinery, yet we have a glut of refined fuels and are exporting them. One customer of mine who drives fuel truck told me that a little before Memorial day the wholesale price of gas at the local terminal went up .70 in a couple of days and the next week it went down .30. The gas went up fast but was slow to come back down.
tealracing16
Member
Maybe I'm reading this chart wrong, but isn't it showing that in 1918 gas was 3.18 when adjusting for inflation? If that is correct it looks like it dipped in the mid 1900's but has always been 2+?????
I think that's correct.