Crude presently at $101/barrel.

I just filled up for $4.09 a gallon this morning using my .10 off fuel points at Kroger. I feel like a budgeting genius!

Yeah, ok so what is your point? Those are not rebuilt or thrown away after every race like Nascar as he was comparing. Either way, those are still not dependent on for everyday driving as there is always another vehicle there to get you back home which brought all those cars to the tracks which run on the fuels that they were designed to use for long-term use and dependability.

$70 to fill up the Challenger this morning. That one sucked.

Exactly.

My neighbor was a sprint car owner/driver. He ran ethanol in his racers, he didn't in any of his other vehicles, for reasons that have already been explained.

$4.05 for premium at Costco today. Drove right up to an empty pump and laughed at the 10 cards waiting because they didn't want to pull the hose to the other side of the car.

Driving to eastern TN for my son's wedding might cost me more than a round trip flight to Bonaire! Dang!!!!!!!

Gas tumbled briefly below $100 today. It was $130 a barrel just a week ago, right? When gas prices went up a couple of $’s they raises the prices at the pump immediately. The price drops 20%-30% and no one is seeing a drop at the pumps.

Can someone who understands the market explain why the price of a barrel of oil goes up, the local gas station raises the prices despite that same gas has been in then tank for a long time. But when the barrel price drops, it doesn’t drop at the gas pump. Why?

OOH! Donger will take that question, it's one of his favorites!

gas prices are still ****ing going up, the rate at which has slowed down sure but it's still like 3-5 cents a day.

Refiners are greedy, too.

Because they can...

Like when fuel went up after Katrina and airlines started charging higher rates and extra for baggage. Neither of which went down.

The price goes up immediately because they need to buy gasoline to replace what is currently being sold at a higher price. Which I understand however, I have never heard a compelling reason why the opposite is not true.

Other than they just can and do, do it... It's a fixed market with a constant demand, they can pretty much screw us as much as they want because there is no alternative. Asymmetric Price Adjustment. Because there is no competition, it doesn't behave like a normal consumer market. I found data that says it takes about 4 weeks for the price to go up fully and 8 weeks to come back down.

Or for the same reason cable companies will entice new customers with all sorts of promotions yet will force existing customers to call and haggle to get a better deal.

Gasoline down to $4.31/gallon. Crude is trading at $94.01/barrel, down 8.4%

https://www.chiefsplanet.com/BB//sho...postcount=1206

And the rapid rise in gasoline prices has stopped, at least for now.

No, they aren't. At least not the national average.